Bergio International Inc (BRGO)

[stemcell]

If people can't see from yesterday's PR where BRGO is headed, well they should sell and leave

Easy now grasshopper...
In the past 12 months the PPS tanked from .1450 to .0025, that's what most of us witnessed, new arrivals are welcome to get all warm and fuzzy here but the vast majority are cautiously optimistic.....share conversions are occurring monthly in 2012 and into 2013, shares have almost doubled just in the last 90 days and he sold 2 more notes in July 2012 per latest 10-Q under "subsequent events" so all the "MEGADEALS" in the world will help berge but not shareholders if he continues to sell these notes....do I read correct or did he sell the latest 2 notes for 40% of the share price and pay an additional 12% interest? On top of the usual fees for these toxic pieces of feces? Anyone familiar enough with these convertibles to break down what he's giving up in share value for these loans?

[12] Subsequent Events
In July and August 2012, the Company issued 35,846,497 shares of common stock for conversion of debt. The shares are valued at $48,057 pursuant to the terms of the various convertible debt agreements.
On July 25, 2012, the Company issued a 12% convertible note (the “July 25 Note”) in the amount of $66,380 to Magna Group, LLC (“Magna”) in exchange for an account payable. The principal and accrued interest is payable on or before March 25, 2013. The note is convertible by Magna at any time. The note is convertible into shares of the Company’s common stock at a price of 40% of the average of the stock price for the three days prior to the date of conversion. On July 30, 2012, $21,380 of principal was converted into 7,746,377 shares of common stock.
In July 25, 2012, the Company issued a 12% convertible note (the “July 25 Note”) in the amount of $26,000 to Hanover Holdings I, LLC (“Hanover”). The principal and accrued interest is payable on or before July 25, 2013. The note is convertible by Hanover at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The note is convertible into shares of the Company’s common stock at a price of 40% of the average of the stock price for the three days prior to the date of conversion

positive notes:
- he posts 1st green quarter
- says the "general and admin expenses - other" is for travel & marketing, which i guess equates to him flying all over the place trying to expand the biz....comes out to more than $2,000/day......(not cocaine and hookers we hope!)
- he gets a little more descriptive on inventory, declaring most of it to be hard assets, allaying fears that it could be junk costume jewelry
- the recent deal being inked, $20K worth of product in 30 locations. That does not mean he will do $600K in sales but it's a very nice placement and prob 20% of it will sell meaning an additional 100K in revs for next year, about a 6% increase. MEGAdeal in the works, but again, placement does not guarantee sales were not talking about putting pepsi on the shelves...

In July and August 2012, the Company issued 35,846,497 shares of common stock for conversion of debt. The shares are valued at $48,057 pursuant to the terms of the various convertible debt agreements.

$48,057/35,846,497= 0.0013 per share....see what I mean?