Replies to post #37434 on Bergamo Acquisition Corp. (BGMO)

[Investman432]

Did BGMO have the money as promised in 2009? It would seem that they did not.

Nope. Herzog promoted in numerous PRs money to be supposedly invested into BGMO by eSoft Informatics supposedly based in India, but actually a shell company in New Jersey run by Vivek Sinha. eSoft appears to have extracted fees/deposits from Herzog (based on affidavit from ICG litigation) for making repeated promises to invest enormous amounts into BGMO on laughably non-realistic terms and/or arrange SBLCs. In reality, Sinha was a conman working in cahoots with Shannon K. Newby (may the world never forget this name). In January 2010, the eSoft scam was pushed aside for a High Yield Investment Program, details of which were never announced, but the exact monthly profits were promoted in several PRs and tireless posts. I heard a New York broker was involved in this scam, maybe Global Arena. The whole eSoft/HYIP episodes post dated the $1 billion funding announced in Sept 2009 from fictitious LondonWall, which was going to fund on ridiculous terms the 554 megawatt coal power plant project in Pakistan. This is what led to short lived rally in BGMO share price, which has now been on four year decline towards zero (the actual value of the company).

Similar to the current imaginary profits at super secret European subsidiary and the mystery $1 billion in HSBC, its seems Herzog is a willing patsy to these obvious scams, so he can make PRs. After the eSoft episodes and a subsequent SWIFT fee swindle, Herzog has stopped paying cash upfront to other conmen (plus he doesn't have any money left).

So, VSTA is similar to GS in that Herzog willingly entered contracts to invest money he didn't have, and knew (or should have known based on a commercially appropriate review of the counter party) wouldn't receive. That he could cravenly enter into publicly announced legal contract to invest money he didn't have gets to his character and ethics.

It is worth mentioning that Herzog did not search for his prey - they came willingly to him. Swire was introduced by Hal Wolfe whose fingerprints were also on HYIPs deal. VSTA was introduced by Mission/QualitySucks. Amusingly, Herzog merely promised these men just what they were wishing for -- a dream come true, but alas, only a dream, since BGMO has no money. Wolfe is as much to blame for destroying Swire's company as anyone, just as Mission is to blame for inflicting lousy liar Herzog onto Singh, tainting VSTA.

COunting days to 10K. No chance cash arrives VSTA today.

[silverlining]

I will make this very simple for you...

There is no money and there are no business deals. Its all a fake pink stock made up storys to keep the stock liquid for awhile longer. As long as the stock stays liquid, then HH/SP/Canadian's can keep extracting money from the mkt.

IMO the funny trading going on probably is shorts covering (naked maybe). Sure we may see a bounce, but it will only be shorts buying back shares to close out their positions, which does cause the pps to briefly go up. Once this is rapped up, then sub-penny here we come, but if there is a large amount of shorts to cover, as in millions of shorts, then this pattern could exist for a long while. Just keep it liquid is all HH wants.

The only thing VSTA's K-10 will say is "OOPS" or maybe another excuse to keep the game going awhile longer, but one thing is for sure.......NO MONEY WILL EVER SHOW UP IN VSTA'S BANK ACCOUNT FROM BERGAMO. At least not what the pr's stated......millions that is.

Why are we even discussing the possibility Bergamo may be a legitimate company is beyond me.

Holding with no hope!

NONE!

Cheers!