Replies to post #40186 on Bergamo Acquisition Corp. (BGMO)

[Investman432]

An audit is not hard, as there is little to account for except travel expenses and liabilities. No assets, no revenues, no real employees, etc. Only liabilities, such as Camofi settlement and unpaid bills. Hardest item will be GAAP accounting for all those warrants and shares issued below market prices. But there is no reason to get an audit, as BGMO has no viable business and is quite dead. Not everyone has gotten the memo or willing to admit the obvious.

There is a possibility of money laundering charges, to the extent HH was helping Paki friends move money out of the country to SIngapore. Just a blind guess, but if I had money in Pakistan, I'd be looking for friends with shell companies to facilitate transfers.

[silverlining]

IMO an audit of Bergamo would not take months since there is no real business operation at this time. The only thing needed to be audited is their said funding bank accounts and any off take from the investment program. Sure there would be business expenses associated with travel, office supplies, cell phones, etc., but preparing an audited financial statement would not take this long and everything should be in black and white from bank statements and trading accounts for the investment program (if there is one). I don't see any problem getting an accountant to sign off on it as long as he has the bank and broker statements in hand. Sounds very simple to me and would not be a complicated matter.

Cheers from Mr. Hyde!

[silverlining]

Yes the SEC acts secretly, but this doesn't account for insiders knowing weather bgmo is for real or just fake pr's. A lot of friends, family, business assoc, own shares. Not just shares.....but the majority of the shares. These people would have long ago started unloading shares, not keep buying (accumulating). There is an inner circle here and HH would not have been able to keep things secret in regards to his business deals.

There is something about bgmo which I can't quite put my finger on. IMO there is something else going on. Call it a gut feeling, but I sense something. Weather it will be good for the common shareholder, I don't know. Money laundering has been mentioned. At one time I once wrote, "the only thing shareholders can say they are invested in are opened bank accounts around the world". I forget how many different countries HH claimed to have opened up a new bank account, but It was at least 6 or 8, maybe more.

We probably will never know the real truth behind what actually transpired, but IMO what was stated in pr's was one thing and what really was going on was another.

At this time it truly sucks being a shareholder thinking our investment is gone for good. Dead silence from HH, gray sheet hell and nobody seems to know anything for sure (Ha, remember "KNS")

Cheers!