StockGuru – Live from The Money Show in Las Vegas
Written by admin on May 12, 2009
Morning Update for Wednesday
Good Morning Members,
Today and Thursday I am attending the Money Show in Las Vegas. If you have never been to this, you have to make plans to attend next year. The one in San Francisco is also great.
I will also be visiting with the management of Bergamo Acquisition Corp while in Las Vegas. Thursday’s release regarding the terms for &_#36;1.5 Billion in funding is huge. I hope to hear more about it and bring it back to members.
Speaking of Bergamo, the President and CEO appeared on the Big Biz Show on Monday afternoon. Here is a link to the audio…
http://www.businesstalkradio.net/weekday_host/Archives/bbs.shtml
Once on that page, simply click on “Mon, May 11 Hour 2.”
You can link to that audio BY CLICKING HERE.
We have done a lot of StockGuru Spotlights this week. While I have not gone out of my way to mention them, please do keep an eye on these. We have had double digit gains on at least one or two daily. Most members already know to be watching these.
Look for my next regular update on Wednesday night. I am going to give you a detailed report on the Money Show. Who is there? What there is to see? And companies I really like.
Trade alerts and news… look for those as they happen!
Have a great Wednesday!
John Pentony
Publisher, StockGuru.com
Latest News:
STOCKGURU PROFILE FOR BERGAMO – BERGAMO WEB SITE
Bergamo Acquisition Corp. and Bergamo E&A Receive Terms for &_#36;1.5 Billion USD Financing Agreement for Two Pakistan Energy Projects
-Clean Coal Power Plant and the Construction and Production of an LED Lighting Fixtures Facility-
LAS VEGAS, May 7 /PRNewswire-FirstCall/ — Bergamo Acquisition Corporation (Pink Sheets: BGMO) announced today that its wholly owned subsidiary, Bergamo E&A, has received a Term Sheet to provide &_#36;1,500,000,000 USD in financing for two energy projects in Pakistan. The financing is for a term of seven years at 2.5% per annum and with an up-front cost of 8% which is payable upon delivery of the funds into a Certificate of Deposit in the designated Pakistani bank into the account for the lender. These funds will be used to finance the two energy projects. Once Bergamo Acquisition Corp. accepts and signs off on the funding, the deal will be closed and will fund within 30 days as required in the Agreement.
Hillard Herzog, President and CEO of Bergamo Acquisition Corp., remarked, “After reviewing the specifics of the Term Sheet, we find everything to be workable for the Company. We are aggressively moving forward and expect this deal to be closed and funded shortly. The people of Pakistan need new sources of energy and these two clean energy projects will make a significant contribution to improving their lives. The Pakistani Government sees the improvement in the standard of living for its citizens as a key component to peace and stability for its democracy.”
Bergamo E&A will provide solar and LED high efficiency lighting for which over one half of the financing will be dedicated. The remainder of the &_#36;1.5 billion USD financing will support the construction of a clean coal fired energy plant. This plant is to be engineered to the highest, environmentally safety standards. Bergamo E&A entered into a Letter of Intent with Pakistan on July 11, 2008, for a seven year Energy Purchase Agreement. Pakistan agreed to provide a suitable and appropriate location to develop what was subsequently agreed to be a 544 MW coal fired power plant supported by a negotiated tariff for the price of coal with all agreements to be guaranteed by the Government of Pakistan and all financial obligations incurred on a non-recourse basis.
Pentony Enterprises LLC is QUARTERBACKIR.COM, STOCKGURU.COM, SHAREHOLDERVISION.COM and STREETRESEARCH.COM. 10604 Robincreek Lane; Frisco, Texas 75035. (469) 252-3030 – Disclosure: Pentony Enterprises LLC has entered into a one year agreement with BGMO for investor relations services. Pentony Enterprises LLC will be compensated &_#36;18,000 cash and 600,000 restricted 144 shares by BGMO. Additionally, Pentony Enterprises will receive 400,000 warrants, priced at &_#36;0.10 that cannot be exercised below &_#36;1.00. The price of the warrants was valued above the market price on the date of the execution of the agreement, and the warrants expire after five years. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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