Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Waiting for the next half a billion dump!!!
Anyone who think .0001 is cheap, you are wrong because this CEO Berge Abajian is a serial conman. He will dump more shares at .0001 then when the buyers dry up, he will do another reverse split for the 4th time. This piece of garbage animal doesn't care about anyone. He would pimp his own mother and daughter for money. That's how disgusting this garbage is. He is the defination of a total trash.
Wow almost 500million shares sold at .0001. Only criminals like Berge Abajian can do such thing.
Even better --->
gugr . com ! check it out
Wow...someone dropped almost 450m shares just before the bell. Some sold for .000096. Incredible.
Everyone's recession prepping... nobody got money anymore, there's a liquidity crisis... loans must be are harder to get, economies are collapsing around the world, governments are pillaging tax dollars, laundering money.
The world is a clown show right now.
85mil, 60mil, 35mil, 20mil and many millions of shares being dumped. This criminal CEO Berge Abajian is dumping shares like there's no tommorrow. A truely scammer like no others. I hope this guy get a damn horrific cancer so that i can finally say " Good riddance, the world is better with less scammer, now go to hell"
"
Probably shareholders getting tired of this scam and dumping tens of millions of
shares at 0.0002! Shouldn’t be too long before we see 0.0001!
What a POS!
Hey STB!...Next time you post about this guy I want you to say what's really on your mind!!
Doing your DD did you happen to notice that the company only has enlisted the help of an accounting firm (over 120 clients...most being in the OTC...) with no lawyer or investor relations (advertise it).
Did you notice the 4 RS's?, or the 15b AS with another almost 4b to be added...I'm just saying you seem so passionate about this one ticker I was wondering what you saw in it to buy?
Come check out SFLM! It sells jewelry on Ebay, makes about a million a month or so, is involved in the Metaverse w/his own property/store...working on a patent for the avatar jewelry...not a fat as yours but he does spend shares like a drunken' sailor!!
he deserves it! berge the scourge of the otc
I an going to do that and have the SEC send FBI to his residence and put a handcuf on this piece of shit cirminal CEO.
ALERT THE SEC.GOV AND THE DOJ...AND THE LOCAL DISTRICT ATTORNEYS OFFICE WHERE BERGE RUNS HIS CRIMINAL ENTERPRISE
I spoke with this scammer CEO Berge Abajian at 845-216-3100 he finally answer cos he thought it is not.a shareholder who called because he usually don't pick-up because he is guilty of fraud. You folks can call him too. Keep calling until he picks up. I told him that he is a piece of shit scammer CEO who have been scamming small investors for many years with constant lying and dilution. He just said FU and he hanged up. I can honestly say, this bastard is a criminal. I even emailed him and told him i hope you get a bad karma, you get ht by a car or you fucking die of cancer because you are a piece of garbage. Then after he read it, he blocked my message. Imo this animal doesn't care about his shareholders because he just want their money. He is a thief obviously. He never stop diluting and take your money like he own it. I know he is a criminal the moment i spoke with him and told him what i think about him. He should be locked up in jail and.have those criminals beat him to death.
Selling high initially to get $10-$20 million and then dilute and dump debt shares into the float from 200,000,000 to 10 billion so cheap buyers can jump in with the belief that they will rise back to the high number and buying 1,000,000 shares for $100 at $.0001 is not a risk with the dream what IF they go back to $.10 they make a cool $100,000 (aint gonna happen)
And of course the suckers who paid higher buy in lower to cost average so they can say WHO ME! I never paid $.10 per share; I only paid $.005 (after buying more shares cheap)
And when the price keeps dropping the schemers make even MORE money. Selling 200,000,000 at $.10 for $20,000,000 is the same selling 40 billion shares at $.001 and make $40,000,000 but it is a lot easier to sell shares on the OTC for $.001 then $.10 simply because OTC retailers are CHEAP and want to make millions off a few hundred dollars. OTC investors are like cigar smokers who buy fake COHIBAS and say they are real. Its all a dream fantasy. They want to believe but they know in reality the cigar is fake and they will never make any money on the OTC.
Its more a sucker lotto play but only the stock sellers have the winning lotto number. They get all the money and you can’t have ANY OF IT! When the diluted float has depleted all investors’ money and the stock is at the point that everyone has their fingers on the SELL button on any rise in price (that never emerges) the company does a 10,000/1 reverse split (more or less) ends up a new company plan and the process starts all over.
And the same suckers move to the next HOT ticker. So the plan all along is to take your money, its not a product of a failed idea or plan they really tried to make work. The plan from the start was to dump, dilute RS and do it all over again and as long as people want to toss money to OTCs, they will be right there to take it.
He said he wasn’t going to max out the 9B AS … looks that is exactly what he
intends to do!
I totally agree! Lies and bullshit by just about the whole group of them
These scam artists have no idea how to run a company!
They line their pockets by lying to shareholders!
The temptation to sell shares and after awhile RS and start it all over again is to great an opportunity for con artists to pass up
So true, unfortunately I’ve learned this the hard way. I’ve believed that these guys have the best interest of shareholders but now realize it’s as far from the truth is as the East is from the west. All these penny stock CEO’s do is self interested and care about nothing else except what they can pocket. I’ve seen this over and over for the last 15 years
That is my point. If the same thing keeps happening and people keep buying into the next HOT ticker with the same structure, they have to know the same outcome will happen. Its the don't play can't win mentality, You have to play just in case it hits and if you don't play and it hits you lose a great opportunity. The OTC's know this, they know everyone will just keep buying the next hot ticker so why do they have to even be legit, they just sell more shares on more high risk dreams that never come true.
Investors buy shares in any company when they think that
the stock presents a good investment opportunity …
unfortunately, by the time we realize that the CEO is a con
artist, pathological liar, it’s usually too late!
There seem to be many con artist, scumbag CEO’s in the
OTC!!
SO why then do you all keep buying into those stocks?
The majority of the OTC sewer companies are run by
scam artist CEO’s, whose only agenda is to line their own
pockets at the expense of shareholders.
They have no morals, no conscience, and they are all
sociopaths and pathological liars!
Unfortunately, we can only shame people who have a
conscience!
This ahole is a greedy MF, who could give a rat’s a$$ about
any shareholder in this company!
If the float is only 542,000 (That's dated 2019) and 12,000,000 traded today. That means people traded back and forth 542,000 shares, 22 times. The 2019 data if updated would show more like a few billion shares as the dump continues. No one bought and sold this stock 22 times in a day. You would lose 22x fees since the price never moves it would be a total loss. Its just dilution being added to the float but the company fails to update the data since 2019.
pos..we need to hit him on all his social media...anyone here have links?
The Bernie Madoff of the OTC sewer!
Proud to be fleecing shareholders for over a decade!
Since its inception, has this company ever actually generated
any profits??
The fact that the company refuses to hire a good accounting
firm to put out their fins tells us everything we need to know!
We should have dumped this POS a long time ago!
sec and finra allow crooks like berge and the rat ceo from tmgi pull all these r/s and repeat atm for themselves and family
The owner & CEO of a publicly-traded OTC company goes into a bar looking for a little "action".
He meets a really hot chick who seems somewhat into him. Eventually, the conversation turns to occupations...
"What do you do for a living?" the CEO asks.
She looks at her shoes for a moment, then looks at the CEO somewhat sheepishly. "I work part-time as a waitress & dishwasher midnight shift at Denny's. I also have a side hussle selling vacuums door-to-door for Kirby. On the weekends, I clean business offices. It not great, but all together it pays the bills. You said you owned a small business? What's up with that"?
"Yeah," the CEO says proudly with just a hint of smugness, "I own a publicly-traded jewelery company. You've probably heard of us ... Bergio's"?
"Sorry, no, it doesn't sound familiar. So you're the CEO"?
"Yeah, the owner & CEO. I own more than 50% of the shares in the company. Where expecting to gross between $12m & $20m this year". Hotshot CEO orders another drink. Hot Chick gets another as well. She begins leaning into Hotshot CEO, placing her hand on his leg.
"Wow, that's really impressive! Sounds like you're really successful? Your company must be worth quite a bit".
"Yeah, well, not to brag or anything, but our stock price values our company at almost $1.2 MILLION"!
Hot Chick says nothing for a moment, then asks "Oh, that's just the value of your personal shares, right"?
"No, no. That's the value of the entire company, at least what all the shareholders believe its worth".
"And you're saying you will have revenue of up to $20m this year"?
"Maybe more. Who knows"? Hotshot CEO examines his manicure.
"Wow! That's ..., um, ... something". Hot Chick sits up, removing her hand from his lap.
A couple seconds later their drinks arrive.
"Tell you what, I have to use the little girls room. Watch my drink & when I get back, we'll finish them up & get out of here. Whatcha' say"?
"Sounds like a plan"!
"Okay. Wait for me here. I'll be right back". She walks towards the restroom, located up front by the entrance.
Hotshot CEO watches her as she moves through the crowd.
"Condoms? check. Blow? check", he mumbles to himself. "This is going to be a good one. One for the history books".
Five minutes go by. Then ten. At twenty minures he checks his watch. When Hot Chick is gone for fourty-five, he begins to worry.
Over an hour later, her drink warm but still in his grasp, she is nowhere to be found after a search of the bar. He reports her missing - likely kidnapped - to bar staff & police. After walking the surrounding streets for another few hours to no avaii, he returns home ... alone, again, another long, lonely weekend before him, his rage at humanity deepening. "Soon", he fumed. "Soon" he swears, "soon I will have my R/S revenge on them all"!
The End?
*Based loosely on a true story.
*No disrespect intended to waitresses, dishwashers, vacuum salespeople, or office cleaners. I've done all those jobs myself, in one form or another.
No one with the right mind would pay .0003 when the crooked CEO Berge Abajian is going to sell hundreds of millions at .0002.
Hmm ... OTCMarkets says the float is only 542,000. That's not bad at all! ??
Three reverse splits and once again heading to $0.0001. So brutal and float keeps rising.
This thief still concern about the stock price that he crashed over 95% since last year. You know he is scam by just even reading his tweet. His parents should have dropped him in the thrash bin the moment he was born because he ended up a piece of garbage anyway.
The scammer CEO Berge Abajian who have been scamming shareholders for almost a decade is now giving the shareholders a notice in advance that the Financial filing will be delayed. Most likely this will go straight to Grey Market because of non-current status. When that happen, it is almost guarantee you will lose 99% of the money you put in here. This corrupt animal has been stealing money from shareholders for many years with 3 reversed split. Thats what he's been doing the whole time. He aint hiring no one in his company because he's scared that person will turn on him and expose him on his corruption. He is a piece of garbage.
The scammer CEO Berge Abajian who have been scamming shareholders for almost a decade is now giving the shareholders a notice in advance that the Financial filing will be delayed. Most likely this will go straight to Grey Market because of non-current status. When that happen, it is almost guarantee you will lose 99% of the money you put in here. This corrupt animal has been stealing money from shareholders for many years with 3 reversed split. Thats what he's been doing the whole time. He aint hiring no one in his company because he's scared that person will turn on him and expose him on his corruption. He is a piece of garbage.
I was going to Nominate Berge as OTC CEO of the year...but
My Vote still goes to Meihua Xu <---- He has 5 tickers on the Go
Denial and too late to get out as value near rock bottom. More shares just keep getting issued and many hoping to see $0.0006 again and then get out. When we hit $0.0001 the only way out for the company is another reverse split. The share conversions force those getting shares to dump to break even or mitigate.
of couse after hes pocketed at least 10 million dollars over the years..
just incredible
I'd be more afraid of no bid and gray market with what's going on here ....he can't or won't guarantee internal accounting from misrepresentation or fraud?
Read the fins! Look at his unexplained expenses then ask why he can't have good accounting firm????
WE CURRENTLY HAVE A LIMITED ACCOUNTING STAFF, AND IF WE FAIL TO DEVELOP OR MAINTAIN AN EFFECTIVE SYSTEM OF INTERNAL CONTROLS, WE MAY NOT BE ABLE TO REPORT OUR FINANCIAL RESULTS TIMELY AND ACCURATELY OR PREVENT FRAUD, WHICH WOULD LIKELY HAVE A NEGATIVE IMPACT ON THE MARKET PRICE OF OUR COMMON UNITS.
We are subject to the public
ceo needs to be in prison for 15 years
If you want to send a message loudly that would hit him hard, You can use social media and send a message to his partners like Gearbubbunble, Aphrodites. Also message his families and friends and tell them how he scam small investors like yourself. Lets see if he's not gonna be fold and humuliated. Maybe he's immuned to being humuliated because he is a serial conman for many years already. A criminal like him doesnt care about anyone anymore. You will find out.
0000x0001 coming
Why would anyone buy at .0002 when he's dumping 5Bil.shares at .0002. Anyone has to be so stupid to be buying at .0002 knowing he is just going to take your money and run. Berge Abajian is the biggent conman in OTC and his previous activities with this company proves that. He will continue to sell shares even at .0001 as long there are buyers of his scam. This guy deserve to spend in prison for the rest of his life, or just beat him up if you lost a lot of money because he scammed you.
5 ways how to wipe out shareholders
************
Summary:
************
1/ 10/14/2014 - Reverse split - 1:1000
2/ 09/27/2019 - Reverse split - 1:10000
3/ 07/30/2020 - 01/29/2021 - 1st S1 OFFERING - 500,000,000 shares
4/ 04/13/2021 - 08/26/2021 - 2nd S1 OFFERING - 500,000,000 shares
5/ 09/26/2022 - xx/xx/xxxx - 3rd S1 OFFERING - 5,000,000,000 shares
*****************************************************************************************************************
DETAILED BRGO O/S & S1 OFFERINGS SUMMARY
*****************************************************************************************************************
09/23/2022 - 3,997,775,029 - update from OTC website - no change
09/19/2022 - 3,997,775,029 - update from OTC website + 416M ( 416M x 0.0005 = $208,000 )
09/13/2022 - 3,581,775,029 - update from OTC website + 40M ( 40M x 0.0005 = $20,000 )
09/08/2022 - Sixth Street Lending, LLC. $80,000 convertible note can be converted 180 days after the issuance on 03/08/2022.
08/18/2022 - 3,541,005,029 - update from OTC website + 161M ( 161M x 0.0005 = $80,500 )
08/10/2022 - 3,378,098,362 - update from OTC website - no change
08/01/2022 - 3,378,098,362 - update from OTC website + 311M ( 311M x 0.0005 = $155,500 )
*****************************************************************************************************************
07/XX/2022 - In July 2022, the Company received a notice of conversion from two holders in the aggregate of 145,000 shares of Series D Convertible Preferred Stock and related accrued dividends of $3,772 converting into 297,543,150 shares of the Company’s common stock.
*****************************************************************************************************************
07/01/2022 - 3,067,698,069 - update from OTC website - no change
06/22/2022 - 3,067,698,069 - THE EMERGING GROWTH CONFERENCE
https://www.youtube.com/watch?v=xyUjS17Fvqc&t=328s
06/02/2022 - 3,067,698,069 - update from OTC website - no change
05/24/2022 - 3,067,698,069 - update from OTC website + 295M / 14 days = 21M/D ( 295M x 0.0005 = $147,500 )
05/04/2022 - 2,772,430,332 - update from OTC website + 54M ( 54M x 0.0005 = $27,500 )
*****************************************************************************************************************
05/xx/2022 <- 04/XX/2022 - From April 2022 through May 2022, the Company issued an aggregate of 232,079,442 shares of its common stock at an average contractual conversion price of approximately $0.001 as a result of the conversion of principal of $108,750 and accrued interest of $4,350 for a total of $113,100 underlying certain outstanding convertible notes converted during such period.
*****************************************************************************************************************
04/XX/2022 - In April 2022, a warrant holder elected to exercise 250,000 warrants by cashless exercise and converted into 54,500,000 common stock pursuant to the terms of the stock warrant agreement
whereby the exercise price was subject to adjustment under an anti-dilution provision.
*****************************************************************************************************************
04/XX/2022 <- 01/XX/2022 - Between January 2022 and April 2022, the Company has received net proceeds of $1,555,000 from the sale of Series D convertible preferred stock.
*****************************************************************************************************************
04/XX/2022 - In April 2022, the Company sold an aggregate of 825,000 shares of Series D Convertible Preferred Stock for total net proceeds of $740,000 after deducting legal and financing cost of $10,000 or approximately $0.90 per share.
*****************************************************************************************************************
04/18/2022 - On April 18, 2022, the Company received a notice of conversion from the holder of the 5 shares of Series C Convertible Preferred Stock converting into 135,896,517 shares of the Company’s common stock.
*****************************************************************************************************************
04/11/2022 - 2,717,930,332 - update from OTC website + 88M / 8 days = 10M/D ( 88M x 0.0005 = $44,000 )
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
04/XX/2022 - In April 2022, the Company filed another Amended and Restated Certificate of Designation, Preference and Rights of the Series D Convertible Preferred Stock whereby the Company amended the fixed conversion price from $0.0008 to $0.0005.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
03/30/2022 - 2,629,200,173 - update from OTC website + 124M / 16 days = 7.75M/D ( 124M x 0.0008 = $99,200 )
03/08/2022 - 2,504,721,221 - update from OTC website + 324M / 3 days = 108M/D ( 324M x 0.0008 = $259,200 )
03/03/2022 - 2,179,839,231 - update from OTC website + 176M / 4 days = 44M/D ( 176M x 0.0008 = $140,800 )
02/25/2022 - 2,003,243,481 - update from OTC website + 279M / 12 days = 23.25M/D ( 279M x 0.0008 = $223,200 )
02/09/2022 - 1,724,034,579 - no change
02/08/2022 - 1,724,034,579 - no change
02/02/2022 - 1,724,034,579 - THE EMERGING GROWTH CONFERENCE
https://www.youtube.com/watch?v=2W3qVcW4z3w&t=625s
02/01/2022 - 1,724,034,579 - update from OTC website + 398M / 16 days = 24.87M/D ( 398M x 0.0008 = $318,400 )
*****************************************************************************************************************
02/XX/2022 <- 01/XX/2022 - Between January 2022 and February 2022, the Company sold an aggregate of 855,000 shares of Series D Convertible Preferred Stock for total net proceeds of $815,000 after deducting legal and financing cost of $10,000 or approximately $0.96 per share.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
02/XX/2022 - In February 2022, the Company filed an Amended and Restated Certificate of Designation, Preference and Rights of the Series D Convertible Preferred Stock. The Company amended and cancelled the mandatory provision and also amended the fixed conversion price from $0.001 to $0.0008.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
01/10/2022 - 1,326,680,290 - update from OTC website + 212M / 19 days = 11,16M/D (212M x 0.0010 = $212,000 )
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
01/XX/2022 - In January 2022, the Company entered into Amendment to the Convertible Promissory Notes Agreements (the “Amendment”) with these lenders whereby the conversion prices of the convertible notes were reduced from $0.0015 to $0.001.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
01/XX/2022 - On January 4, 2022, the Company filed a Certificate of Designation for Series D Convertible Preferred Stock with the Wyoming Secretary of State, designating 2,500,000 shares of preferred stock as Series D Convertible Preferred Stock.
*****************************************************************************************************************
12/14/2021 - 1,113,814,009 - no change
12/08/2021 - 1,113,814,009 - update from OTC website + 57M / 18 days = 3,16M/D
11/12/2021 - 1,056,399,262 - update from OTC website + 99M / 4 days = 24,75M/D
11/08/2021 - 957,397,424 - update from 10Q +124M / 14 days = 8.8M/D
10/18/2021 - 833,855,360 - update from OTC website - no change / 6 days
10/12/2021 - 833,855,360 - update from OTC website + 25M / 3 days = 8.3M/D
10/07/2021 - 808,855,360 - update from OTC website + 85M / 22 days = 3.8M/D
09/07/2021 - 723,221,379 - update from OTC website + 35M / 5 days = 7M/D
08/31/2021 - 688,877,486 - update from OTC website + 30M /14 days = 2.1M/D
*****************************************************************************************************************
08/26/2021 - 2nd S1 OFFERING ENDED
08/12/2021 - 658,877,486 + 18M - update from OTC website
08/09/2021 - 640,877,486 + 60M ( in 4 weeks ) - update from 10Q
07/08/2021 - 580,512,073 - No change - update from OTC website
07/06/2021 - 580,512,073 + 59M ( in 2 weeks ) - update from OTC website
06/24/2021 - 521,083,502 + 39M ( in 4 weeks ) - update from OTC website
06/11/2021 - 481,654,931 - No change - update from OTC website
06/03/2021 - 481,654,931 - No change - update from OTC website
05/27/2021 - 481,654,931 +168M ( in 2 weeks ) update from 10Q
05/13/2021 - 313,098,931 + 69M ( in 1 week )- update from SC13G
05/07/2021 - 244,034,178 - No change - update from SC13G
05/04/2021 - A/S increased from 1B to 3B - update from OTC website
05/04/2021 - 244,034,178 + 71M - update from OTC website
04/14/2021 - 172,784,845 + 2M - update from OTC website
04/13/2021 - 2nd S1 OFFERING STARTED
Common stock offered by us: 500,000,000 shares at $0.01 per share
Common stock outstanding before the offering: 170,286,557 shares
Common stock to be outstanding after the offering: 670,286,557 shares.
*****************************************************************************************************************
04/13/2021 - 170,286,557 +23M - update from S1 offering
03/09/2021 - 147,142,161 +12M - update from CEO tweet
01/05/2021 - A/S: reduced from 10B to 1B - update from OTC website
*****************************************************************************************************************
01/29/2021 - 1st S1 OFFERING ENDED - 108,775,777 shares were added from first S1 offering to O/S
01/29/2021 - 134,929,161 + 12M - update from SC13G
01/28/2021 - 123,191,161 + 4M - update from CEO tweet
01/25/2021 - 118,877,161 + 24M - update from OTC website
01/12/2021 - 94,672,494 + 4M - update from OTC website
01/05/2021 - 90,827,238 + 8M - update from OTC website
12/21/2020 - 82,652,238 - No change - update from OTC website
12/11/2020 - 82,652,238 - 0.6M - update from OTC website
11/27/2020 - 83,255,342 - 11M - update from OTC website
11/20/2020 - 94,897,987 + 11M - update from OTC website
11/16/2020 - 83,255,342 + 6M - update from OTC website
10/29/2020 - 77,897,987 + 35M - update from OTC website
08/13/2020 - 42,566,640 + 16M - update from OTC website
07/30/2020 - 1st S1 OFFERING STARTED
*****************************************************************************************************************
Common stock offered by us: 500,000,000 shares at $0.01 per share
Common stock outstanding before the offering: 26,153,384 shares
Common stock to be outstanding after the offering: 526,153,384 shares.
--------------------------------------------------------------------------------------------------
Final common stock outstanding after the offering: 134,929,161 shares.
*****************************************************************************************************************
06/25/2020 - 26,153,384 - update from OTC website
*****************************************************************************************************************
09/27/2019 - Reverse 1:10000 ( approx. 6B O/S day before R/S )
*****************************************************************************************************************
10/14/2014 - Reverse 1:1000 ( approx. 6B O/S day before R/S )
*****************************************************************************************************************
report him to the fbi/doj/sec/homeland security and THE IRS
Followers
|
523
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
123000
|
Created
|
11/10/09
|
Type
|
Free
|
Moderators |
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 |
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |