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Bergamo Acquisition Corp. (BGMO) Extends Global Involvement Through Strategic Acquisition 10 comments
Bergamo Acquisition CEO Hillard Herzog started off in the clothing business. But during his travels to the Far East, Herzog found himself interested in something far more fundamental than apparel. It was during those overseas travels that he was exposed to the energy shortages in third-world countries of the Far East and eventually took his company in another direction with a focus on green energy, solar energy, and water conservation in underdeveloped countries such as India and Pakistan.
Herzog later was introduced to a large public solar energy company and formed an association in the Far East to address the region's energy plights. Now, Bergamo is a Henderson, Nevada-based global investor pursuing opportunities for sole acquisition and co-investment alongside other investors, such as private equity funds, hedge funds, investment banks, and other institutions. The company has affiliate offices in Europe and Asia.
In regards to project development in these areas, Herzog says the main challenge is getting foreign investors to bring their money into the United States amid tightened regulation and a daunting tax structure.
Hillard saw this challenge as an opportunity and approached investment partners outside the United States with the proposition of a financial structure that would allow them to invest in the development of renewable energy projects. Bergamo's solution is to acquire an established company with a proven track record in, say Europe, and structure that entity as a holding company that can invest in the United States on an equitable tax-free basis.
Fast-forward to-date and Bergamo has done just that. Bergamo's financial partners include top multi-national corporations and government organizations. The company sources and provides equipment, develops technology, and offers turnkey solutions to developers, utilities, water districts, power plant owners, and industrial customers.
In conjunction with its 60% owned subsidiary located in Miami, the company has developed a Solar Generator for homes, apartment buildings, and airports. The company also offers a solar-operated tube well water pumping system equipped with universal invertors that enable existing pumps running on electric power to run on solar power. The company's team is working to introduce this product in areas with over-stressed energy grids, such as Asia, Africa, and the Middle East.
In May 2012 Bergamo acquired a 100% stake in a European entity for its investing strategies utilizing the EURO currency. This European facility acquires small, undercapitalized companies and banks in the United States.
Bergamo keeps the names and locations of its subsidiaries hush hush, per non-disclosure agreements, but it's something the CEO says he's working to change. The company's subsidiaries prefer anonymity to stay away from the attention and scrutiny in the United States since they are providing equity money, not lending money, though Herzog said he is working to substantiate the company's financial statements.
"My concern is … to prove to our shareholders that our stock is very undervalued and prove to them that they've made a proper investment and reward them for what they've done in terms of confidence in investing in our company and in myself personally. It's my job to see to it that each and every shareholder, including myself and any of my associates and any of our foreign subsidiaries all share in the profitability in what I believe we have," Herzog stated in a recent radio interview.
For the period from January 1, 2012, through September 17, 2012, the company reported net income of $88,439,000, or $0.53 per share, on consolidated revenues of $283,952,000.
For more information visit bergamoenergy.com
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The opportunity for traders to profit on this unregistered unaudited pink sheet play has diminished as volatility sagged in the long slide from the brief one-day peak of $1.17 in Sept 2009, as Herzog massively dilutes shares. Dilution greatly accelerated in August 2012 with 62 million shares issued (almost 50% increase) at $0.001 per share, per the compiled financial report.
Investors wishing to do more diligence on BGMO would be wise to page through the extensive online files of litigation at New York Supreme Court, for instance the case of Camofi Master LDC v. Bergamo, Hillard Herzog et al. which resulted in $4 million judgment against defendants in 2012. Especially note the claims and statements made by Herzog's lawyer in his withdrawal letter.
I marvel at the creative writing that allows a public company to claim the name of it's "subsidiary" can not be disclosed because of confidentiality agreements (with itself?), despite the fact that corporate registrations are public information. One typically runs sees such oddities in Nigerian prince deals.
http://bit.ly/S8N1HQ
Note 3 – Commitments and Contingencies
During September 2012, the Company entered into a settlement agreement to satisfy outstanding debt and accrued
interest carried on the Company’s financials at approximately $1.0 million. The Company had previously defended
against the penalties and interest but agreed to a total settlement of approximately $2.9 million. Accordingly, the
Company recorded settlement expense of $1.9 million.
During August 2012, a subsidiary (“Subsidiary”) of the Company entered into an Investors’ General Agreement and
Investment Platform Provider Business Agreement (hereafter the “Investor Agreement”). The Investor Agreement
describes the profit sharing between the investors and the Subsidiary and provides for weekly payment of those profits.
The agreement will be ongoing for five years.
Tkr BGMO Financials Filed with OTC markets, CEO Conducts Radio Interview Provides Further Update
"Financial Update"
Las Vegas, NV (PRWEB) November 13, 2012
Bergamo Acquisition Corporation (OTC: BGMO) announced today that the Company's Chief Executive Officer, Hillard Herzog, recently conducted a radio interview with "The Stock Radio" to update shareholders and the investment community. To listen to the interview, go to: http://bit.ly/U9Fv1z.
Hillard Herzog commented, "The radio interview provided an opportunity to share our new vision and strategy and discuss recent accomplishments and new developments. The interview is available internationally."
Bergamo Acquisition Corp. (BGMO) announced today its financials have been filed with the OTCMarkets. The Company’s auditors, L.L. Bradford, Certified Public Accountants, prepared the financial report and notes.
The financials have been posted along with notes dated September 17, 2012 and were prepared by its auditors, L.L. Bradford. The Interim Financial Statement can be reviewed at
http://bit.ly/T67XOJ
http://bit.ly/U9FsTs
Hillard Herzog, President and CEO of Bergamo, remarked, “It is important to note L.L. Bradford has received and reviewed each and every document supplied by the Company as to its authenticity in preparation of this comprehensive report. We have provided all requested documentary evidence to support the information prepared. You can look forward to our next reporting statement and the fulfillment of each and every commitment previously made by our Company.”
For the period from January 1, 2012 to September 17, 2012, the Company reported net income of $88,439,000.
Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
Investor Relations:
The Eversull Group
Jack Eversull, 972-571-1624
President
jack(at)theeversullgro...
http://bit.ly/T67YlL
http://on.fb.me/U9Fv1B
Company purchased 100% interest in a European entity for its investing strategies utilizing the EURO currency.
Note 2 – Investment in marketable securities
Investment in marketable securities consists of 2,132,157 shares of common stock in a publically traded company at a
cost of $1 million. During the period from January 1, 2012 through September 10, 2012, the Company recorded an
unrealized loss of $0.1 million. As of September 17, 2012, the estimated fair value of the shares was $0.9 million.
During August 2012, a Stock Purchase Agreement was entered into to purchase 60% of a Delaware corporation in
exchange for $7.5 million in order to effect the purchase of a majority control of the publically traded company noted in
the preceding paragraph.
(hereinafter called “BGMO”)
Stock Ticker Symbol: BGMO
Researched by third party: Investing in Companies that are tremendously undervalued and overlooked by Private and Institutional Investors.
LL BRADFORD & COMPANY, LLP has been retained as official financial auditor. They have issued and prepared two very clear letters in representation of BGMO found in OTC Markets and Bergamo Acquisition Company Website
Letter 1 and Financial Statements dated September 18, 2012
Letter 2 dated September 19, 2012
Whatever may have caused confusion in the first letter has been clarified in the second letter immediately the day after.
``Included you will find the compiled financial statements of Bergamo Acquisition Corp as of and for the period ended September 17, 2012. The financial statements were prepared based on discussions with you along with reviewing information and agreements you provided.”
LL BRADFORD & COMPANY is directly involved with $BGMO's business. They have committed themselves not only by preparing financial statements in summary, issuing legal statements for the financial materials produced to them by the CEO of the Company but physically flying over to Europe witnessing referenced bank statements, meeting the whole investor’s group and key players.
The average person does not know how difficult it is to acquire a European investment subsidiary, holding an American passport. Let alone BGMO had to raise a substantial amount of cash to acquire a subsidiary, in EURO’S with existing investments and good business standings.
LL BRADFORD & COMPANY LLP was flown to Europe by BGMO where they verified the ownership of the European Subsidiary and its balance sheets. This was important for LL BRADFORD & COMPANY to witness BGMO had substantial cash in order to proceed with their business model.
CPA LL Bradford Declares a Positive Cash Balance sheet in latest September 17, 2012 confirming BGMO has net income of $88 Million in its latest income statement and filing.
October 17, 2012 Press Release may be found on http://bit.ly/QSjgOl
Siting the the Stock Radio Live Interview:
11:53 to 12:41 "Clearly states LL BRADFORD & COMPANY, LLP direct involvement with current financial investment instruments and flight overseas to meet face to face with BGMO's investor groups. The notes and statements were written by LL BRADFORD.
12:51 "Jan 31, 2013"
13:31 “$BGMO and investor groups have signed very strict NCNDA's, the NDA matter is finalizing”
13:45 "this is Equity Money" which means liquidity in CASH equivalents.
16:05 to 17:15 "Judgement day"
17:16 "This time is different" CEO announces buyback and paying dividends to its loyal shareholders.
By carefully listening and understanding the radio show and latest PR's you will know where the money is and why Mr. Herzog is adamant in making full disclosure ASAP. LL BRADFORD & COMPANY, LLP is under very strict NCNDA's as well. This allows them to prepare the financial statements.
Shareholders must realize what the newest developments are:
Share Structure
Market Value $7,996,048 a/o Nov 16, 2012
Shares Outstanding 231,769,519 a/o Oct 10, 2012
Float 51,700,009 a/o Oct 10, 2012
Authorized Shares 400,000,000 a/o Oct 10, 2012
Par Value 0.001
Shareholders
Shareholders of Record 383 a/o Oct 10, 2012
The float is very small for a company that has earned income of $88MIL. The ongoing investment program will continue for 5 years with weekly payouts. SEE PAGE 9 of the Financial filings written by CPA LL Bradford & Company.
Continued Page 9 in filings. Please read Carefully:
Note 2 - BGMO has investments in marketable securities consisting of 2,132,157 shares of common stock in a publicly traded company at a cost of $1 Million.
Note 3 - During August 2012, a subsidiary (“Subsidiary”) of the Company entered into an Investors’ General Agreement and Investment Platform Provider Business Agreement (hereafter the “Investor Agreement”). The Investor Agreement describes the profit sharing between the investors and the Subsidiary and provides for weekly payment of those profits. The agreement will be ongoing for five years.
The OS will explain itself when all the underlying fundamentals of Bergamo Acquisition are in place as will the current undervalued PPS. Radio 13:31, finalizing NDA for disclosure.
There are no new float shares sold into the market. Shares are locked up very tightly by family, friends and loyal long-time investors.
The ONLY dilution of shares sold into the market are tracked and found in the daily OTCSHORTREPORT website /BGMO
BGMO (BERGAMO ACQ CORP) Nov 12th-16th,2012
Historical Naked Short Selling Data For BGMO
Volume @
7.7 Million shares traded
3.1 Million were shorted shares diluted into the market.
Conclusion: Greater than (40%) of shorts in just this last week. 51 Million float in shares and a net income earnings of $88 Million USD, Bergamo Acquisition Corp is currently tremendously undervalued.
Ticker BGMO Business Description
Bergamo Acquisition Corp is a Delaware corporation incorporated in 1997, BGMO has engaged investments in financial instruments and companies worldwide. During May 2012, BGMO purchased 100% Interest in a European entity for its investing strategies utilizing the EURO currency.
Bergamo Acquisition Corp. (OTC: BGMO) is a global investor targeting a diversified portfolio of large corporate and middle-market companies for sole acquisition and co-investment alongside other sophisticated investors such as private equity funds, hedge funds, investment banks and other institutions. As a source of funding, BGMO will also work alongside company management in effecting management buy-outs, friendly mergers and value-accretive capital projects. From time to time, BGMO may provide debt financing as a proprietary investor in the form of bi-laterally negotiated private placements. Bergamo Acquisition Corp. has raised investable funds in order to pursue the investment activities listed above. BGMO has sole fiduciary discretion over these funds and will direct their disposition in such a way that it will increase shareholder value for BGMO and its portfolio companies in line with its acquisition strategy.
During August 2012, a subsidiary ("Subsidiary") of the Company entered into an Investors General Agreement and Investment Platform Provider Business Agreement (hereafter the "Investor Agreement"). The Investor Agreement describes the profit sharing between the investors and the Subsidiary. The agreement will be ongoing for five years. BGMO reported net income of $88,439,000 for the period ending September 17th 2012.
Investment in marketable securities consists of 2,132,157 shares of common Stock in a publically traded company at the cost of $ 1 million. During the period from January 1, 2012 through September 10.2012, the company recorded an unrealized loss of $0.1 million, As of September 17, 2012, the estimated fair value of the shares was $0.09 million. In a clarification of this statement Bergamo Acquisition Corp has not paid for the 2,132,157 shares of common stock in a publicly traded company During August 2012, a Stock Purchase Agreement was entered into to purchase 60% of a Delaware Corporation in exchange for $ 7.5 million in order to affect the purchase of a majority control of a publically traded company, U.S.-based broker/dealer with a global presence and 200 employees noted in the preceding paragraph. As of the date of these financials posted on the filings section link http://bit.ly/XstWpS. The Financials and Notes are attached for review.
The $ 7.5 Million has not been transferred.
BGMO has also taken a 60% interest in Bergamo Energy Inc. Miami, a provider of solar energy technologies to sovereign and corporate customers in the Asian markets. In order to enhance disclosure and investor interest, BGMO has engaged the accounting firm of L.L. Bradford, based in Las Vegas, Nevada to audit its financial records. Bergamo Acquisition Corp is based in Henderson, Nevada and has affiliated offices in Europe and Asia. BGMO relies on its deep network within the global institutional investment and banking industries to source opportunities
Bergamo Acquisition Corp. a holding company is a global investor targeting a diversified portfolio of large corporate and middle-market companies for sole acquisition and co-investment alongside other sophisticated investors such as private equity funds, hedge funds, investment banks and other institutions.
"Ticker: BGMO"
BGMO Financial & Corporate Update
Henderson, NV (PRWEB) November 20, 2012
Bergamo Acquisition Corp is a Delaware corporation incorporated in 1997, Ticker Symbol BGMO has engaged investments in financial instruments and companies worldwide.
Bergamo Acquisition Corp. a holding company is a global investor targeting a diversified portfolio of large corporate and middle-market companies for sole acquisition and co-investment alongside other sophisticated investors such as private equity funds, hedge funds, investment banks and other institutions.
Bergamo Acquisition Corp. has raised investable funds in order to pursue the investment activities listed above. BGMO has sole fiduciary discretion over these funds and will direct their disposition in such a way that it will increase shareholder value for BGMO and its portfolio companies in line with its acquisition strategy.
"Financials and Detailed Notes" prepared by the company’s auditors L.L. Bradford has been filed with otcmarkets.
Company reported net income of $88,439,000, or $0.53 per share, on consolidated revenues of $283,952,00. For the period from January 1,2012 to September 17,2012.
The CEO conducted radio interview to further update its shareholders.
"Financial & Corporate Update"
Link below to listen to the interview conducted on radio by the CEO of Bergamo Acquisition Corp.
http://bit.ly/U9Fv1z.
The financials have been posted along with notes dated September 17, 2012 and were prepared by its auditors, L.L. Bradford. The Interim Financial Statement can be reviewed at below links:-
http://bit.ly/T67XOJ
http://bit.ly/U9FsTs
Hillard Herzog, President and CEO of Bergamo, remarked, “It is important to note L.L. Bradford has received and reviewed each and every document supplied by the Company as to its authenticity in preparation of this comprehensive report. We have provided all requested documentary evidence to support the information prepared. You can look forward to our next reporting statement and the fulfillment of each and every commitment previously made by our Company.”
Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
Hillard Herzog Tel 702 427 7473
President
For Bergamo Acquisition Corp
hillardherzog (at) bergamocorp (dot) com
Investor Relations:
The Eversull Group
Jack Eversull,
President
jack (at) theeversullgroup (dot) com
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