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Give me a break. Yeah go time it. LMFAO Smart people and smart money dumped this POS years ago never to trade it again.
The chart disagrees!! You can't time it!! You also can't try 10 years ago and give up!! Go trade the bigger stocks and lose to them with a smile!! It's all the same!!
First of all it's way more than 10 years and virtually no one made money in this POS. I haven't held shares in 10 years and never will again. No one times the market perfectly. So I don't want to hear how some made so much money in this POS. LOL The vast majority lost money as this heads toward yet another reverse split.
It's all legal!! You are deciding to invest!! He's been in business for over 10 years and I'm sure his council has told him the guidelines!! There's a reason they let these stocks return amazing gains if you catch them at the right time!! A year and some change earlier and you could have made some major coins courtesy of BRGO!!
$BRGO Share Structure - Updated June 29, 2022
Authorized Shares: 6,000,000,000
Outstanding Shares: 3,067,698,069
Yep took the 10k L and sold at .001 Not looking good unless you want a 1 tic flip, that's about it.
You are right. He never bought a single share of his stock. In fact, this animal awarded himself 500mil shares. He said the board members have awarded him these shares because of the work he had done. What the F@$$%^ing board he's talking about? He is the only.person running this company for many years already and no one else. This CEO only does one thing, that is to intentionally defraud and his honest shareholders and that's the reason why he doesn't want to hire anybody to avoid a whistleblower. This Armenian criminal Berge Abajian has been doing this for many years. He is a criminal in a grandeur scale. No OTC CEO has done what he did, two reversed split and the stock still hitting all time low and the company still losing money. Even worse this time because apparently all that revenue and the shareholders money that he stole, just went straight into his pocket. He is a disgusting piece of shit human trash. He is worst than Bernie Madoff, at least that guy repent himself in prison but this guy Berge Abajian is still on the loose scamming people for over a decade. He is a total trash.
My last BRGO share was bought by me over 10 years ago. I dumped it then and would never touch it again. Plain and simple, Berge the CEO, is a crook with no conscience. He has continued defrauding investors year after year. Everything is on the shareholder's dime and he never buys shares in the open market of his own company. What does that tell you? What he might be doing may even be legal but the SEC has to shut this one down. The next reverse split will happen sooner than later and the dilution will continue.
BERGE IS SCUM..DILUTIVE PURE SELF CENTERED SCUM
$BRGO Retail is getting crushed and by the end of Fourth Quarter 2022 (Q4), jewelry businesses such as Berge's that are in Walmarts or on Amazon will get pummeled. I told you inflation/recession was going to decimate BRGO's gross sales/revenues in 2022.
BRGO is way below pace to even hit $12 Million this year. And the S-8 Registration is dropping any day now, with 1 Billion Shares in it. Better go read that filing on the S-8 Registration in the filing on 05/06/2022. It shows where those shares are going.
Check out this tweet by Provident financial who just dropped stats on how food & gasoline soaring prices are showing people cutting back on un-needed expenses
aka Jewelry = not good
Provident Bank, based in New Jersey, found that 83% of respondents slashed personal spending due to soaring prices of food and gasoline, with 23% indicating they had to make "drastic changes" to their spending for financial survival.
— unusual_whales (@unusual_whales) June 29, 2022
I warned by a couple of investors who lost money money here not to invest because the CEO is a scammer/criminal but i didn't listen because i thought he is a changed person after 2 reversed split in which all his loyal investors have been.wiped out. I thought he will redeem himself but theres no redeeming for this conman Berge Abajian, the CEO of BRGO is a criminal. All he does is lying to investors so that he can continue stealing their hard-earned money. This animal should be deported back to Armenia and be banned from coming to the US. He is only in the US so that he can scam more money here because he knows his fraudulent activities doesnt work in Armenia. This guy is a criminal and a serial thief. He has been reported to SEC and i hope they will arrest him for running a scam. He has no credibility and all he does is lying and diluting the stock. He is a total garbage, a very dishonest CEO. He doesnt care what you think as long he gets all your money. I can't name of any CEO who is worst than this animal who kept scamming small investors. He is the worst of all . He is a total piece of shit human garbage. His family and friends should stay away from him and disown this garbage of humanity
BRGO S-8 Registration info (S-8 will be dropped soon on OTC Markets per CEO)
Take a closer look at this. CEO Berge Abajian. This is not looking good at all.
https://twitter.com/Lore_of_Trading/status/1542050814251962368?s=20&t=ePjC-V35F_4knrRlwa10og
BRGO + Berge Abajian + Joseph Canouse + Stephen Hicks
The more you all slap $BRGO, the more Berge Abajian + Joseph C. Canouse + Stephen M. Hicks will dump their shares on you.
Remember the s-8 Registration with 1 Billion shares on it is getting dropped (per Abajian) any day now.
Also, BRGO Profile is still NOT Verified on OTC Markets but the Transfer Agent is Verified, which means dilution is almost guaranteed to continue. That's the way it works in the OTC. Always pay attention. Learn new things, evolve, and stay ahead of them so you can get out before you get crushed with Dilution and Reverse Splits. Then report these fraudsters to the SEC.
SEC Whistleblower Tip Report (maybe you can get some of your money back): Try
https://www.sec.gov/whistleblower/submit-a-tip
That's what majority of you on social media fail to comprehend. Their plot to defraud investors thru dilution scam has been foiled. When this occurs, CEOs and toxic lenders speed up the process and then complete the Reverse Split that much faster.
You'll see. It won't be much longer. You don't even have time to professionally pump it. The game is over and you holders will have lost big time. You just haven't figured it out yet. But you will. And you'll blame everything else except yourselves, for not listening when you should have, and for not submitting SEC Whistleblower Complaint Tip forms to the Securities and Exchange Commission (SEC), reporting Berge Abajian & his dilution scam with Joseph C. Canouse and Stephen M. Hicks.
You'll bow your heads when it's over and you'll move onto the next ticker, instead of doing what you should have. Which is reporting the fraud in real time.
If the SEC received 20, 30, 40 Whistleblower tip reports on the same person(s) (Berge Abajian + Joseph C. Canouse + Stephen M. Hicks), for the same company BRGO, within a short time frame (1 to 2 weeks), they would notice and they would come at least investigate. And they'd find enough to stop the fraud.
But you all don't care, you don't mind that the fraud exists, and you'll do nothing to help stop it, which means you too are part of the problem. Change the way you think, change what you do, and start reporting these fraudulent individuals and maybe, just maybe you'll have a better, more stable market to actually trade in for once.
Be the change you want to see in this world, instead of being an on-looker who does nothing.
Wonder who was slapping those 6’s
Let’s go $BRGO
Well.... reading your DD now im pretty sure I can kiss my investment goodbye....
Regardless if this company makes money or not, this is no longer about how much the company makes. This is about the CEO's credibility. I had many stocks that are not making a dime but the CEO has a good reputation and investors are going for it and the stocks are trading than BRGO because there is a potential and trust but for Berge Abajian, he has zero credibility and no one trust him. He's only good in one thing, that is to scam his shareholders . He continue to lie in order to lure more victims into his trap. Theres no second or third chance for this guy. He is a criminal in a grandeur scale.
Well said Stock Caller and so tired of promises and instead massive dilution and many reverse splits. The coming recession will crush jewelry.
BRGO Bergio International, Inc.
CEO Berge Abajian stated in 2021 that with his 2 new major acquisitions he stated the company would make between $20 and $30 Million gross sales, revenues.
In 2021, filings and press releases show that the company ONLY made $10.998 Million total gross sales, revenues.
Going into 2022 (and during 2022), CEO Berge Abajian made outrageous hyper-inflated over-projections of $30-$40 Million
In 2021, thru the first 6 months of the year the company generated around $5 Million for Q1 + Q2
In 2022, thru the first 6 months of the year, CEO Berge Abajian says they are looking to do ONLY $5 Million. Keep in mind that BRGO had Aphrodites + Gear Bubble an extra 2-3 months this year (2022), giving them two extra months compared with 2021. In 2021, Aphrodites and Gear Bubble were not acquired until between February and April and they made the same amount in 2021 and 2022. Not good at all.
CEO Berge Abajian also stated that the company (BRGO) has had to spend more money than he would've liked to in 2022 (per him in the interview within the past 7 days).
CEO also stated during this same interview that he is not standing firmly by the $20 Million in gross sales and revenues he has projected for the year.
BRGO went from approximately $600,000 in gross sales, revenues in 2020 to $10.998 Million in 2021. Even with this massive increase in business in gross sales, revenues, the company still finished 2021 with a $3.56 Million NET LOSS!!!
Currently it would take a near miracle for BRGO & CEO Berge Abajian to pull in gross sales above $14 Million.
One more thing to consider. The USA was reported today to have an 80% probability of a "hard landing" heading into a massive recession. This was stated by highly respectable and legitimate companies and analysts. If a "hard landing" recession comes in retail companies like jewelry companies such as Bergio International, Inc. would get hammered. No one is going to be buying jewelry with gas and food prices skyrocketing. Currently nearly 70% of Americans live paycheck to paycheck. And if Berge Abajian comes out touting that other countries will make up the difference this will also not be true. Think about his connections in high places and what part of the world they are. Global inflation/recession is imminent at this point. Ukraine (where he knows the ambassador) is at war with Russia (another market he touted he was going to attempt to go for). All he has left is Armenia and Georgia. Go check them out. They aren't doing too hot either.
Face it, CEO Berge Abajian has made ridiculous projections again, over and over again. He NEVER comes thru and then in the end makes up some excuse to complete another Reverse Split. He lies and intentionally misleads his shareholders.
Also, Joseph C. Canouse and Stephen M. Hicks. Read this: https://caselaw.findlaw.com/ga-court-of-appeals/1531686.html
(Canouse and Hicks conspiring together)
Then go checkout these OTC tickers and see for yourselves.
BRGO
HVCW
NECA
WNBD (CANOUSE family has 5 different toxic lending companies on balance sheet plus it has Alexander Dillon who has an ongoing fraud case against him for guess what, dilution scam to defraud investors). Surprise surprise
https://www.sec.gov/litigation/litreleases/2021/lr25169.htm
https://casetext.com/case/sec-exch-commn-v-gpl-ventures-llc-2
BRGO Bergio International Inc.
Profile NOT Verified on OTC Markets since January 1, 2022 (nearly 7 months)
When Transfer Agent is Verified & Profile is NOT Verified on OTCM, that's usually a clear sign of dilution still ongoing.
Remember, CEO Berge Abajian, stated during his interview a few days ago to expect the S-8 Registration to be coming any day now. That's another 1 BILLION shares getting approved for issuance = massive dilution.
That's a 25% increase to the Outstanding Shares. Berge Abajian also stated he ONLY owns something like 17 shares (his words) and he does not buy shares. However the company filing from July 2021, shows he approved issuance of awarding 500 Million shares (in the future) to himself. He then went back and amended that filing to bump it up to 1 BILLION total allowable for issuance to pay himself.
Read the filings. He still owes himself $500,000 in salary back pay and he is entitled to pay himself common shares for bonuses and other things pertaining to the company.
Also, Berge Abajian claims he has not sold 1 single share in 13 years of having Bergio International, Inc. listed as a publicly traded company.
Go checkout OTC Markets website. Scroll down and check his Reverse Split history for BRGO. He does one every 3-4 years like clockwork. Guess what range it's in now? 3-4 years since the last one (the company's 3rd Reverse Split). This will be Berge Abajian's 4th time completing a Reverse Split in the 13 years his company has been public and they are all spaced out evenly apart. He even said recently that if he makes a large acquisition or plans to "uplist" to NASDAQ he will complete the 4th Reverse Split.
You all better watch out. Berge Abajian is in bed with well-known dilution scam artists Joseph C. Canouse and Stephen M. Hicks. I believe the 3 of them have conspired together to dump billions of shares on shareholders, paying themselves through an elaborate dilution scheme. They dilute the stock, then Berge completes the Reverse Split, then price tanks all the way back to trips (or close enough to it), then they Rinse and Repeat the dilution scam process. The Securities and Exchange Commission would have a field day with these 3 individuals.
Don't think I'm right about the dilution scam? Go look at BRGO balance sheets.
Joseph C. Canouse has 2 different toxic lending companies on it.
Stephen M. Hicks also manages and has 2 different toxic lending companies on it.
I don't have direct message but you can read my posts.
I don't have D/M but you can read my posts, $$$
The reason this company kept losing money because he is paying himself large amount and writing it off as operating costs and expenses while shareholders have been wiped out because he kept issuing more notes in exchange of BRGO stocks. He can claim any amount as expenditures or expenses because no one is auditing him. This is it. I am reporting this criminal Berge Abajian to SEC. This conman CEO has to stop. If he doesnt stop now, he will continue scamming new investors who had no idea about his criminal activity. He is the only person who works in this company and no one will be able to watch him and stop him from lying and scamming people ever. This criminal has been lying and scamming small investors over a decade and this is about time for him to be reported and get arrested for fraud.
Well well well,
Looks like we are
On to something.
ELGORDODAMUS
FUPM!!!
Let’s go $BRGO
BRGO's own CEO, thru his recent interview 2 days ago, has projected Bergio to Only make $5 Million thru 1st 6 months of 2022 (Q1 + Q2).
He says that good retail projects tend to make double that in 2nd half of 2022.
So let's say BRGO makes $10 Million (Q3 +Q4), that brings total Gross Sales/Revenues to ONLY $15 Million for 2022.
That's $5 Million less than his projections for 2022 Gross Sales/Revenues.
Keep in mind that last year he stated BRGO would make $20-$30 Million for 2021. BRGO made ONLY $10.998 Million for 2021.
Personally (with a major recession possibly coming soon), retail looks to be taking massive hits in the near future, and that will definitely have a negative impact on BRGO's gross sales/total revenues for 2022 if it happens. Even if recession doesn't occur, BRGO is not on-pace to even make $15 Million for 2022.
BRGO (Abajian stated) will barely make that ($15-$20 Million) this year, plus he admitted in the interview that BRGO has had to spend much more money this year for other expenditures, even more than he had wanted to in order to convert all businesses over to digital plus make other changes.
After making ONLY $10.998 Million in 2021, the company finished with $3.56 Million Net Loss. No joke.
The company went from making ONLY 500-600 thousand in 2020 to $10.998 Million in 2021 and still managed to lose $3.56 Million. The filings from July 2021 show Berge Abajian (listed primarily as sole employee CEO/PEO of BRGO) awarded himself (which he admitted to in interview 2 days ago) 500 Million Shares of common stock (Unrestricted). And he said in the same interview, that he had forgotten all about awarding himself these shares. Mr. Abajian also stated in 13 years of the running the publicly traded company that he "never sold one share". That is extremely unlikely. Especially since previous filings show that all bonus paid to him and his salary (including backpay) are to be in common shares.
The Securities and Exchange Commission need to open a formal investigation into his business conduct. It looks to me as though there is some extreme fraud going on.
Let's not forget that Joseph C. Canouse (Joseph, John, James, Jeffrey) + his 3 brothers have all been found guilty of dilution scams with penny stocks dating back 20 years or so. No joke, these people do all kinds of shady business practices.
Look at this case from years ago showing how the Canouse brothers/family and Stephen M. Hicks conspired to intentionally defraud investors. Ever since this case they have been on many balance sheets together. Not sure how the SEC cannot see this. It is blatantly obvious that they are all working together to defraud investors through elaborate dilution scam.
Abajian, Canouse(s), and Stephen M. Hicks (Steve) need to investigated for fraud IMO
https://caselaw.findlaw.com/ga-court-of-appeals/1531686.html
This is really good ship right here...
Berge says No Reverse Split "7 times" in this short clip "Unless there is a deal"....then spends the rest of the question talking about "deals"....lol
https://twitter.com/REAL_SUPERSHIB/status/1540421081026232320?s=20&t=eydRE_ZlaovzAjJzlCL1Lw
I havent looked really close but Imma bet Berge has brown eyes....he is so full of ship
BRGO (video)
CEO - Berge Abajianhttps://twitter.com/REAL_SUPERSHIB/status/1540421081026232320?s=20&t=eydRE_ZlaovzAjJzlCL1Lw
BRGO CEO Video
Check this out
https://twitter.com/real_supershib/status/1540391418107142144?s=21&t=3tRNyCdB1kGlLYD7jkjKkg
Every time he goes to 0006, I buy a half million more a 0007
Every time he goes to 0006, I buy a half million more a 0007
The Ask is tripling as well. Everyone wants to exit and try to get as much as they can before.his massive dumps and lose more money. Berge Abajian is a serial conman CEO of BRGO who doesnt care about his shareholders. After 2 reversed split causing to wipe out everyone's investment, you would think this criminal would be a changed man now but he didtnot. He is this the same thief as before, lying to shareholders so that he can take their money. In fact he's getting worse as he's using the company's revenue to lure new victims to buy his stock so that he can continue dumping his shares He is a thief in grandeur scale to enrich himself funded by shareholders investments. Once a thief always a thief. He can't live in Armenia because they will execute him there for conning people. Now he's in the US conning the Americans for severals years already. Check his background with BRGO and you will find out
Bids growing nicely. Selling/dilution stopped finally
My sentiments exactly!
Shame that a company producing revenues trades in the trips!
Berge is the problem!
I completely agree with you!
Checkout this post. Realest DD I’ve come across in awhile
https://twitter.com/real_supershib/status/1540153295792214018?s=21&t=QoqX-Dp4RqXZUXBOma6Wtw
Future is height with this info. Educate.
You are completely on point here! And yes this will run in the near future for people to get some type of profit
The prime objective of a CEO in the OTC is to make money for the Company....not Shareholders
Sometimes (very rarely) a shiny tweet can send a Share Price skyrocketing....but the Share Price 99.8% of the time comes right back down to trips as the Shiny tweet was for lack of a better term....Bullshirt
If Berge tweeted out Bill Gates is looking into a platform to distribute NFT Jewelry...without even saying definitively that he was looking at Bergio for his platform....that tweet alone would move the share price
The OTC is nothing but corruption to fleece Retail Shareholders....but you can still make money if you play these tickers smart....and get out (and stay out) at the right time
I stand by my statement....the CEO "should" do anything within his/her power to raise funds to grow their Company....and "every" CEO in the sewer does it
I do not think BRGO will get to 15 million for 2022. Start telling yourself that now. That 20 mil was mentioned in 2021. Budgets are tighter this year. GEARBUBBLE is our only positive if they were honest with bubbles earnings when berg purchased 50 percent last year. GLTA
Berge is doing EXACTLY what an OTC CEO can will and should do
He sells Notes to fund his expenses....Corporate AND Personal expenses
He will never strop doing it....He pumps out a few shiny tweets and a fresh new crop of Bagholders jump in ..... pump the share price up a bit....and the Note Holders dump the share price back down....for at least the last 12 years
He files all of his Quarterly Financials in a timely manner which not only satisfies FINRA's regulations....but also puts money into their pockets <---- a MODEL CEO
You'll get a chance to get out .......in time....something Shiny on Twitter is due....but get out FAST and RUN.....lol
He cares about SP ... just not enough to do anything other than throw words at it.
Without a higher share price, he can't leverage those shares to do much of anything with them. I mean, a billion shares is worth what, $600k? Let's say he wants to use the stock to purchase a $3m company. That means he is paying 5 billion shares of incredibly undervalued (or at least underrepresentive of sales) stock. That incredibly inefficient.
Nope, he needs a good manager to come in & fix things. If Berge is so in denial that he doesn't understand why no one wants his stock, he is in no position to run this company.
If only he would become desperate enough, for whatever reason, to sell his controlling interest. Then retail could boot him.
Perhaps we could sue him for mismanagement. Hard to prove when sales are up & expensive, but I'm out of ideas. Christ, we have all told him the problem & how to solve it, but either he doesn't want to hear the solutions or doesn't want to share the increased "profits" from the company.
And until he changes something, retail will keep punishing him.
The beatings WILL continue until moral improves!
He won’t do that either. He had opportunity to partner with Stuller a few years ago but Berge is nothing if not arrogant and narcissistic. He will make sure he has authority to make all decisions here.
He will not do a buyback. Someone struggling for this long is not going to throw those hard earned profits back to shareholders.
No, only solution here is Berge steps down and turns management of the company over to someone else.
Berge is looking for the reason the stock underperformed. He need look no further than himself.
Any CEO who doesn't care about the share price doesn't care about his shareholders. If thats the case; he needs to take the company private so that he doesn't get hunted by the shareholders. What's the point of being a publicly traded company if you don't have a good relationship with your shareholders? He can go to hell and F@##$% himself and no one cares if he's going private but as long he's a publicly traded company he has a fiduciary and ethical responsibilty to the shareholders. However, if he's a conman or a criminal like he already is, he doesnt care because he think no rules would apply to him.
It makes no sense to me that the company is forecasting
$20M in revs for this year and we trade in the trips!
I honestly think it has a lot to do with his credibility!
Unfortunately for us, we do care about the share price,
even if Berge doesn’t!
Why would he expect new investors to pay any attention to
his stock, if it never provides an ROI for his shareholders??!!
Announce a buyback ahole! It’s not that hard!
I guess we will see what he does. His company makes money but I don’t think he cares about the SP??
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Transfer Agent (GAGGED)
1859 Whitney Mesa Dr.
Henderson, NV 89014
702-818-5898
www.empirestock.com
info@empirestock.com
SEC Filings
DEF14C announcing 10,000 for 1 Reverse Split.
Delinquent on 2018 10K
Delinquent on 2019 10Q 1st quarter
COMPANY REPORTS RECORD 3RD QUARTER
COMPANY IS DRAMATICALLY REDUCING CONVERTIBLE DEBT!!
https://www.otcmarkets.com/stock/BRGO/news/story?e&id=1721597
Share Structure - At At January 5, 2021:
Authorized Shares: 1,000,000,000 [90% reduction]
Outstanding Shares: 90,827,238
Float: 78,000,000 [confirmed by CEO on November 20]
Note: It is only the Unrestricted Outstanding Shares (or Float when known) count that is relevant to current trading. At a Float of only 78M, this is extremely low for a stock in the .0070 > .1 price range.
Bergio International, Inc. (Ticker Symbol: BRGO) designs and manufactures upscale jewelry. Their products consist of styles and designs made from precious metals such as gold, platinum, diamond, karat gold and other precious stones. The company’s products are divided into three fashion lines: 18K gold, bridal and couture and/or one of kind pieces. Bergio currently sells its jewelry to approximately 50 retailers across the United States and owns a manufacturing facility in New Jersey. The Company is increasing its footprint as a diversified global jewelry designer and manufacturer through acquisitions and consolidation in highly fragmented jewelry industry estimated to generate $160 billion per year. After realizing $2 Million in sales in 2013 the company has began to implement its strategy of growth by acquisition which will in turn help increase these already substantial numbers.
Bergio International, Inc. (Stock Symbol: BRGO) is a Sparkling Gem of the Fine Jewelry Market with Highly Prized Designs; New Acquisition in Play for Global E-Commerce Fulfillment Platform GearBubble
Established Jewelry Design & Sales Company for Famous Bergio Brand.
Worldwide Gross Sales for Mother's Day Period Surpass $1.48 Million.
Plans to Acquire GearBubble, a Global E-Commerce Fulfillment Platform.
Recently Acquired Aphrodite's, a Global Jewelry e-Tailer That has Done $31 Million in Sales in 3.5 Years.
Bergio International, Inc. (BRGO) is a global leader in jewelry design and manufacturing. The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected.
Established in 1995, the BRGO signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, BRGO founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The BRGO Berigo brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000.
BRGO Releases Mother's Day Sales for Aphrodite's
On May 19th BRGO released preliminary Mother's Day sales results for Aphrodite's, a global e-tailer recently acquired for $5 million. For the 2021 Mother's Day sales period from April 1, 2021, through May 9, 2021, the gross sales were over $1.488 million. With over 31,000 online orders, Aphrodite's had a gross margin north of 80% and gross profit of just under $245,000.
As the world continues to recover from the pandemic, BRGO continues to see increased online purchasing trends gaining permanent traction. BRGO also saw an increase in margins due to vertical integration after its acquisition. The Mother's Day sales period was a very positive start to second quarter of 2021 for BRGO.
For more information on Aphrodite's visit: https://www.aphrodites.com.
BRGO to Acquire GearBubble, a Global E-Commerce Fulfillment Platform
On May 12th BRGO announced its intent to acquire 51% of the assets of GearBubble, a premier e-commerce fulfillment platform with over $27 million in revenue from 2020.
For the past four and a half years, GearBubble has processed over $130 million in sales, with over 5 million units sold, and currently has a positive bottom line. Their offering includes shirts, mugs, additional on-demand items, and most recently, jewelry, a product category they look forward to expanding. GearBubble is best known for its seamless eBay, Etsy, and Amazon integrations, which allow their millions of customers to effortlessly launch, scale, and find success in the e-commerce industry.
Donald Wilson, CEO of GearBubble, shared, "We are excited about this acquisition and the possibility to bring high-quality jewelry at a scale to the on-demand eCommerce market. With the vertical integration of Bergio's production capabilities, we will be able to better service our millions of customers and scale much faster than we would have ever been able to do on our own."
Under the terms of the deal, BRGO will form an acquisition subsidiary which will own 51% of Gear Bubble's assets, for which BRGO will pay $2 million at closing in cash and an additional $1.162 million in 15 subsequent monthly cash payments. A binding letter of intent was signed on May 6, 2021, and an Acquisition Agreement is set to be fully executed after a full financial audit of Gear Bubble's assets by July 1, 2021.
The acquisition of GearBubble's assets will strengthen BRGO efforts for expansion into e-commerce and further increase the product categories they offer. The addition will allow BRGO to tap into GearBubble's millions of B2B e-commerce customers and world-class marketing while allowing the e-commerce fulfillment platform to integrate advanced jewelry production, allowing them to disrupt the massive gifting market.
BRGO has always aimed to create designs ahead of the trends with an unwavering commitment to crafting original pieces, incorporating extraordinary diamonds and precious stones. Their perfectly curated collections have gained global recognition and established the brand as a highly sought-after purveyor of rare and exquisite treasures from around the globe.
BRGO has been experiencing exponential growth in 2021. They most recently acquired Aphrodite's, a global jewelry e-tailer that has done $31 million in sales in 3.5 years and $10 million of those during the pandemic. Since acquiring Aphrodite's, BRGO has already increased their production over 100,000 units. They intend to continue their increase in production. BRGO can accomplish this due to its diligent investment in manufacturing technology and expertly skilled human capital.
For more information on GearBubble, visit: https://www.gearbubble.com.
For more information on Bergio International, Inc. (BRGO) visit: www.bergio.com.
As of November 17, 2021 • 8:31 AM ET
DATE/TIME | SOURCE | NEWS RELEASE |
---|---|---|
03/01/2021 07:30 AM EST | GlobeNewswire | Emerging Growth Conference 2 Announced for March 3, 2021 Niche Companies in Technology, AR, eCommerce, Beverage and more in Attendance |
03/01/2021 07:00 AM EST | ACCESSWIRE | Bergio International to Present at the Emerging Growth Conference on March 3, 2021 |
02/18/2021 07:30 AM EST | ACCESSWIRE | Bergio International Announces Acquisition Of Global Online Jewelry Retailer, Aphrodite's |
12/08/2020 10:00 AM EST | ACCESSWIRE | Bergio International Cancels 17 Million Shares, Reducing Outstanding Shares by Almost 20% |
12/01/2020 10:30 AM EST | ACCESSWIRE | Bergio International Announces Multi-phase Stock Buyback |
11/05/2020 08:00 AM EST | ACCESSWIRE | Bergio International, Inc. Announces 90% Authorized Share Reduction |
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