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1,100,000 shares today took in $106, so sad.
What a shame but everyone has to know by now this is the NORM on these OTC stocks. It's not isolated, it's no different then all the others tickers in peoples accounts.
Crazy market.
PERFECT, AS A REMINDER OF MY COPY. THANKS
I assure you he is having the book proofed and edited. I only get to see the draft. So far we like the material. SPOT ON that no one is taking about or even knows about.
" Much of this will be covered in one of the chapters in the soon to be release book."
What book? I have quite a few high level investing books? Might be interested. Will the book be proofread?
Stemcell, from what I have seen over the years in these here today gone tomorrow tickers is they need to keep interest up to sell shares to new bees.
The company has brokers intentionally drop the price down to $.000001 and then the next day they buy some back at $.0001 (a 100x gain) of 10,000% increase. They do that to get people to run and grab the calculator and say to themselves if they has only bought $1000 worth of shares at $.000001 (one billion shares) and sold them at $.0001 they would have turned $1000 into $100,000. That is the logic that attracts new investors but the market makers would never have a bid buy for 1 billion at $.0001.
They may have a bid for $.0001 but for only 100,000 shares and as soon as a seller dumps them the level 2 may then change to $.00001 for 50,000 then $.000001 for 25,000 making it impossible for anyone to buy at $.000001 and sell to make any money.
As for the shorts, naked or valid. A broker can lend shares that are then lent again and again. Not naked because each lend is registered. YES lending and borrowing shares 10 times would look like naked fakes added to the market and in a way they are but those shorts end up being closed when the price drops.
My guess is they shorted BRGO big time the past week and bought all the lent shares they sold for $.0001 or more and bought them back from the company debt holders for $.000001 to close out the shorts are a fraction of what they sold then for. If the price went UP to $.0005 let say, the shorts would end up buying back higher and losing millions and you all have to know by now, those brokers and those shorting will make sure the stock tanks which it did to close all the multiple lent open short positions.
This further proves the brokers are all in on the plan to dump, dilute, short, buy back for $.000001 and repeat the process. Much of this will be covered in one of the chapters in the soon to be release book.
Stemcell what the heck is with the price today?
You don't even know how to spell Buffett's_name.
You're not talking to one of the penny idiots. BTW I mod both of IHUB's BRK boards. Have for years.
Imagine a skyscraper elevator and the lobby floor is .0001, and for the f of it let's say the 100th floor is a penny
Lobby looks good.... if you make it to the second floor and sell you have doubled your money
I prefer to get on the elevator when:
- volume is present along with buying
- little or no toxic financing
- 6th floor or higher - too many 1 tick flippers on the first few floors
don't be greedy! Don't go for the penthouse! Catch it while it's moving and ring the register (sell) when it shows the slightest sign of slowing. I use a 15% trailing stop order
approx 250 trading days in a year, if you earned just 5% on 1 trade a day you would be fat EOY.
jmho
Buffet lost billion$ on Heinz, Occidental, American, delta, United airlines and other businesses. You have to lose money to make money. Even the mighty Franklin Templeton lost billions to make 10's of billions. They all have to take high risks but still make profits.
OTC is almost a sure thing you will lose all your money. As I have stated that does not mean all OTCs are bad and you have to know what to look for to find the good.
That is how to make $$$ on OTC's you buy the good with knowledge knowing full well the masses will keep buying schemes that are always an accumulated loss in their trade accounts
You should learn from your SEC, not from penny stock boards
"A synthesis of recent academic literature reveals troubling properties of OTC stocks. Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange. " [more]
"Analysis of 1.8 million trades by over 200,000 individual investors confirms that the typical OTC investment return is severely negative."
https://www.sec.gov/dera/staff-papers/white-papers/16dec16_white_outcomes-of-investing-in-otc-stocks
Ever think of buying REAL stocks, audited dividend-paying issues on the NYSE, say. Especially after Sarbanes-Oxley, post Enron, devastating stock fraud has been almost non existent there. Buy what Buffett buys.
Lmao same here. All my 28 OTC tickers are bagged with an average of 85% in the red. I have seen everything, all scams possible. Dilution, reverse split, lawsuits, CEO that are suddenly disappearing, CE, promo badge, starters that are going bankrupt, merger with shitty worthless company and what not. They are all scam....take profit and run or exit at a 10% loss....I learned that too late
EXCELLENT! VERY PRECISE AND STRAIGHT TO THE POINT. NEED ALL THE TICKERS THAT YOU ARE TRADING, IT WILL HELP SO THAT WE CAN PAY OFF DEBTS
I knew that before you told me.
Yeah.. i have 30 OTC stocks in my watchlist and 99% of them have lost its value more than 95%
Stockstobuy, if 95% of all stocks are scams, that means that 95% of the 10's of millions who invest billions each year know they will lose 95% of their money.
But I think your estimate is generous, I would put that 99.99% of all OTC tickers are questionable. That is more accurate because so far out of EVERY IHUB ticker chat room, no one is showing they made money on those tickers.
The remaining .001% is what I am watching very carefully.
Berge from BRGO and Frank need to get together
95% of OTC stocks are run by scammers, serial con-arists, and criminals. Berge Abajian, the Armenian CEO who is the biggest disgraced of Armenia and who is the CEO of BRGO is the biggest example. He kept saying the stock is undervalued and yet he kept lying and dumping more shares and pocketing shareholders money resulted in 4 reverse split. I hope this greedy, dishonest, animal get a deadly cancer that would cause him to suffer as payback to all those investors whom he defrauded for over 10 years. Maybe he get struck by a car because karma is a bitch and no one else deserved more than he does.
lekers17, As long as OTC investors keep tossing money into the trash, BRGO and 1000's of other OTC's will be right there to take it.
With about 12,000 listed OTC tickers about 10% account for over 90% of all shares traded on any given day. That is because the shares are under a penny. What is interesting is that the 10% low priced pump and dump stocks only make up for less then 10% of the daily dollar volume on any given day. But 10% can be between $200,000,000 and $400,000,000 spent on just those pump and dumps EACH DAY!
Doing the math, the 10% pump and dumps that account for over 90% of all shares traded each day make on any given day about $300,000,000 of the daily trade dollar volume that is usually in the billions. Just those 10% pump and dumps account for about $90 billion annually being tossed to the trash.
With that kind of money available for selling just shares on a few $1000 worth of PR news releases, you cannot blame the OTC pump and dumps. If all those OTC pump and dumps one day said NO MORE and stopped selling shares, the same investors would spend it gambling, casinos, lotto, the horse tracks or back room poker games etc.
You cannot blame the OTC's, they are just sitting with a broom and dustpan scooping up the money investors just drop to the floor. If they don't take it someone else will. As long as investor gamblers believe in the dream of a windfall and keep spending money to find it to no avail, their will always be someone to take what you are willingly giving knowing you only bought a dream not reality. And the disclaimers say that in the fine print you may likely lose all your money!
When the stock is diluted and eventually no one will buy any more shares, they will just reverse merge into a new entity and a new ticker and the SAME investors will jump into that scheme as well. I mean CAMON! People, BRGO says it right on the data that they were another scheme and another ticker before the change to BRGO and eventually BRGO will change to another ticker and add that they were also formally BRGO in 2022 or 2023 or ? when the shares run out.
From the OTC data it says,
BRGO
Formerly=Alba Mineral Exploration, Inc. until 11-2009
Soon it will say
Formerly=Bergio International until 11-2022 (or later depending on when they change tickers)
Formerly=Alba Mineral Exploration, Inc. until 11-2009
The example above is the reason why the OTC listed tickers never gets reduced. You would think when a company like ALBA folded the OTC would lose a listed ticker and 1000's of others doing the same. The fact that pump and dumps can change to a new ticker then reemerge with a new ticker starts the cycle over again and the OTC listed tickers is never reduced.
If all pump and dumps folded after the scheme closes the 12,000 would reduce to about 5,000 tickers. The cycle continues over and over and the only reason it happens and thrives is sucker investors wont ever stop buying the dream.
What people do not realize if when a new ticker emerges and they are fed up with the previous ticker, they are almost always giving money to the SAME people they lost on the previous ticker. SURE their is a new CEO who is the patsy to take the heat and cursing when the scheme fails but the fact is, investors likely gave most of the money they invested over the years to the same people.
Kid of sad but it is the reality of people who want to find a dream for $100 more or less and turn that $100 into $1,000,000 and the belief it could happen at least makes the time of day pass with some hope. If they do not invest they cannot think about that dream becoming a reality that never happens but that little bit of HOPE I guess may be worth the loss just to keep moving ahead with some aspect of a light at the end of a very long tunnel.
It is just the way it is and will never change.
Said in a nutshell. The CEO does not own any shares of his own company. So he keeps reverse splitting and reverse splitting. Berge is a crook as I said over 10 years ago. I have never bought a share since and this garbage is still going on.
Yep. No nft certification. All smoke and mirrors.
I meant MEAN not MEAT! sorry
meatstreetdude, You have to keep this in mind when people keep posting declines in value and lower valuation and increased float and % drop in liquidity, the one fact to all of those numbers be it up or down, The scheme always makes money, they never lose.
If people here lost 90% and soon maybe another 50% the debt investors keep making money, they never lose, the decline in price and value is to keep everyone from selling other then at a loss and to compensate for the lower prices shares, they just increase more to the float.
They don’t care about the share price up or down! ($.10 or $.001) If they sell 100,000,000 at $.10 to make $10,000,000 or they sell 1,000,000,000 at $.01 to make $10,000,000 or even 10,000,000,000 at $.001 they make $10,000,000 its still the same revenue on more shares lower that only hurt investors. It is part of the plan!
And they do it starting high; dilute, cost average buyers jump in, and then dilute some more to attract the bottom feeders who buy in at diluted prices.
They make $10,000,000 x 3 ($30,000,000) and it came from what ever the share price is be it $.10 or $.001. Investors will never see a return and even selling at a loss, the market makers will shut out the level 2 to maybe a bid of 50,000 shares.
Declining price is horrible for investors but it is great for the company debt dumpers. They make money selling literally nothing but endless inventory of shares. A few $350 pr news releases and they will raise another $10,000,000.
Some say, WHY would the CEO hurt his own wealth or holdings, The CEO does not own any shares, he just makes the debt payments and those who paid the debt take the abundance of shares to sell cheaper then the bid will ever be.
Everyone makes money but investors.
A likely 50% decline the day after the reverse. Shares will likely appear and conversion will continue. Almost all on this thread lost money and BRGO is a long time BS stock.
I wish I could post some positives over all these OTC intent schemes that say they MAY achieve a goal and never do. If you look at the company debt and revenue from sales (not anticipated sales but actual sales) then look at the debt and share structure you can see those puzzle pieces equals a GO NO PLACE plan other then to just sell shares.
The debt is not company debt but acquired debt so 3rd parties can pay down debt in exchange for billions of free trading shares. Even if the company caused the debt itself would mean the company is a failure so the end result is debt equates to dilution and dumping billions of shares to the float. Acquired debt or self inflicted debt, what you never see in these OTC's is PROFITS! Profits means debt investors cant the abundance of free shares to dilute. If you see debt, no profits and huge issued. Strike 3!
WOW , I have to learn your comprehensive analysis .
I agree with you , the float is huge.. and continue to grow..
Definitely, the CEO does not seem to be investors oriented, to say the least...
The current cap is about $ 600 k and will continue to drop following your analysis ..
This is RIDICULOUS, and SAD
eyal2, Sorry to say that there are to many shares in the float to make anyone any money. You have to realize the float data says 2019 showing only 540,000 but there is more like 6 billion or more and another 9 billion authorized on stand by ready to be sold to market makers for less then you or any others can sell them for on the bid except at a loss. The plan is to make SURE no investors make any money on the stock.
If everyone (tried) to sell on the bid at even $.01 why would the market makers give you or anyone else a penny ($60,000,000) when they can buy the 6 billion from the debt dumpers for $.001?
If BRGO even want to a penny (and it wont), 6 billion x $.01 comes to $60,000,000! The market makers would have to buy back the shares from everyone for everyone to make that penny per share with many still at a loss. And remember in order for them to buy yours and others for $.01, they need to have the same amount on the asked for even $.015 that comes to $90,000,000.
Do you REALLY! Think BRGO will have $150,000,000 exchange hands at even that low price? If the shares did rally to $.015 (but we know it wont happen) but let say they did and there were enough buyers to take out the 6 billion asked for $90,000,000, the market makers would just get more shares from the debt sellers at a fraction of the bid you think you can sell at.
In case the above did not sink in. Here it is in a nutshell. YOU WILL NEVER MAKE ANY MONEY ON THIS STOCK!
And for those who KEEP saying BRGO CEO stole their money? WRONG, you gave it to him willingly on a gamble that stated you will likely lose it all. No one stole anything.
What is funny is when the stock tanks, the CEO is a crook and if the stock rises he’s a HERO. People invest knowing they are all schemes but they figure they will each get in and out but eventually find that strategy fails with no one making any money that bought at the retail lever.
People do not care and KNOWINGLY invest in those OTC’s knowing it’s a scam, or just intent ideas as long as the price goes up. Its when the price goes down is when investors call out the fraud or the CEO is a crook they knew all along.
So in a way you cant blame the CEO or debt dumpers. They want to make money legally same as investors but for them to make money, you all have to lose money.
The debt dumpers cant make $10,000,000 selling 10,000,000 shares for $1 on a huge price increase because then everyone would sell killing the price so they just sell 1,000,0000,000 shares for $.01 to make the same $10,000,000 and on the OTC its easier to sell shares for $.01 then $1.00.
It would be like telling people the LOTTO tickets to win $10,000,000 cost $1000 per ticket and you only have one ticket and one chance for $1000, no one would buy lotto because they would say its not enough chances for such a large investment.
That is why $.01 or $.001 shares sell easier then $1.00 shares. If lotto tickets were $.01 per ticket people would then buy the same $1000 for that lotto drawing saying they now have 100,000 chances to win but likely will still lose.
The main issues is also the LOTTO is backed up by cash not empty promises. You can buy a house or car with lotto cash if you win; you cannot buy a house and car on the OTC intent dream with hope. So they are similar but different in that LOTTO is real cash if you win. OTC gains are real if they rise up that they never do because OTC is not a lotto.
There is no drawing for a guaranteed winner. The OTC is set up to lose from the beginning, it is planned to fail and also to make sure the price never rises so the only winners are the debt investors and the CEO.
Think if it like this, OTC stocks are like a slot machine that if you hit 777 you will hit the jackpot but because the OTC’s set up the pump and scheme its as if the casino removed one of the 7’s from one of the wheels and they said in the fine print a 7 MAY be missing from one wheel and you say OK and still put money in the machine.
I may not be as negative over BRGO as most are but what I post is 100% accurate and knowing that I never buy into the schemes but so many do, they thrive and as they thrive and RS or start out initially before the dilution is when you short the stock. It’s the only way. You may not make $1,000,000 on a $100 investment (its impossible to do that shorting) but if you short $50,000 and buy it back for $2500 and pocket $47,500 still seems like not a huge win. Do that 20 times a month and there is your new house and car on a pump and dump stock.
I must say it's been interesting to watch the change in emotions in the otc!! Lambos and laughter turned into threats!! You have to learn how to manage through good and bad times!! I'm done with my public service announcement!! Lol!!
Agreed that the current situation looks bad and the ceo's reliability and investors' trust is close to zero
BUT we may have a chance ..small chance ..if the next quoter results will be positive as Mr. Bergio suggests we may see recovery...together will hige gold price can even be more interesting.
I have spoken with him on the phone and called him a scammet CEO but he doesn't care about the shareholders. I do wish he damn get a cancer or get struck by a car. I have no sympathy for crooked CEO whose intention is to defraud shareholders. He's a piece of garbage, a crooked who only want to steal money from shareholders.
Stockstoby, YIKES that's a lot of hate and pain wished upon the CEO. Over the years I have seen so many very harsh words posted and they usually come from the following and why.
1. They only invested $200 at a low price and the stock went even lower.
Those investors are not mad they lost $200 they are pissed that they thought the 1,000,000 shares they bought would go to $2 so they blame the CEO for them losing $2,000,000 not $200.
2. They bought $1000 at $.10 (10,000 shares) and bought more to cost average.
Soon realizing they just gave the company MORE money and are pissed they got duped.
3. People who took the intent bate told friends or family that it’s a sure thing.
Now they are faced with friends and family pissed at them and they blame the CEO for the situation close to home.
4. Anyone who dumped more then $1000 into this stock regardless of cost averaging, I have an old bridge in Brooklyn that I would like to sell to them cheap.
Berge Abajian is a serial conman
He's been lying the whole time. He made so made reassuraces but they are all lies. I understand the disclaimer but this criminal has planned to lie so that he can steal investors money. He would pimp his own daughter for money with a complete stranger. Thats how vile he is. I hope he get struck by a car and this motherfucker who is piece of garbage will suffer.
Stockstobuy If you say he has been lying for DECADES pumping the stock and people still buy then who is to blame?
Also he never LIED! He said intent, maybe, if and could but never a sure thing. That is how the pump disclaimers allow intent to be pumped but it clearly says it may not happen and you may lose all your money.
So many of these pumps say they will file to go to NASDAQ and investors read is as they ARE going to NASDAQ and tell others they are going there when the application may be real and applied, it is denied. What you don’t hear is the denial just that they filed but everyone reads it as they WILL be on NASDAQ.
Anyone selling shares on a pump for decades and 3 RS and people keep buying the stock Just means if THEY don’t take your money, some other pump scheme will so the battle for which pump just sounds better gets the most money like Crypto or MJ or Lithium all are HOT topics.
Would you ever invest into an OTC that does shoe repairs that is actually doing what they say? No you would not so you invest in the INTENT huge market or hot topic. And no one here finds these tickers on their own, they are sent an email, told about it on some chat room and IF the stock is so HOT and will surly RISE why aren’t those who tell others about it buy it all and keep the huge gains and keep their mouths SHUT! That is when you know your going to lose it all.
Why do people invest in these thinking a PR NEWS that says it MAY happen means it will happen? If he lied he would be in trouble but saying he INTENDS to do things is not a lie. He intended but failed.
Failing a business is not a crime.
You giving your money to someone who said you will likely lose it all is not a crime
Anyone buying after the first RS then the 2nd and then DAM a 3rd!!!! Needs to rethink their investment strategy.
You wrote
But Berge Abajian has been lying to shareholders for over decade in order to pump the stock so that he can dump. History of himself and his 3 reversed split doesnt lie. This piece of human garbage should be locked in jail or feed him to the hungry lions at the zoo. He could be hit by a truck, and i could say good riddance because we have one less criminal walking on the street scamming people. I even hope he get cancer and perish then i could honestly say, go burn in hell now
But Berge Abajian has been lying to shareholders for over decade in order to pump the stock so that he can dump. History of himself and his 3 reversed split doesnt lie. This piece of human garbage should be locked in jail or feed him to the hungry lions at the zoo. He could be hit by a truck, and i could say good riddance because we have one less criminal walking on the street scamming people. I even hope he get cancer and perish then i could honestly say, go burn in hell now where u belong.
stockstobuy, sadly it is the investors fault as he said on the phone and everyone has the ability to look at the financial data and stock structure is just a click away on the OTC website. People who buy these stocks know it wont make any money yet the logic is keep buying into them just in case one does hit.
Its like playing lotto, you can’t win unless you buy a ticket. The difference is LOTTO you have a slim chance to win but with these OTC stocks you have zero chance to win if you buy the stocks hoping they go up. And with so many shares in the float held by so many that even on a slight rise up in price just a few sellers will kill the price right back down.
The reason you can never sell is the market makers get shares cheaper then the bid directly from the debt conversion shareholders and those are an endless supply. So when people say when the shares are all sold the price will rise wont ever happen. When the shares stop selling, the market makers vanish and that means no new buyers on the asked.
Everyone knows this; it’s the same story over and over from the same investors complaining every dame time on every dame ticker. I see the same past posts from the same investors on different tickers. The CEO of BRGO is correct when he said it is your fault sorry to say. For one reason the legal disclaimer says it all.
You may lose all your money and the company may not do what they set out to do.
BRGO cannot be charged with a crime when no crime was committed. If you gave you money to a man who said "DON'T DO IT" In the disclaimer is like buying milk and letting it sit in the fridge till it turns sour then try and return it when its weeks past its expiration date. You bought what you know would go bad and when it does you cry foul.
The OTC stocks are no different and OTC investors never change or learn. That is why so many pump and dumps exist and thrive, they are all competing for the FREE money being tossed out the windows by investors who just gamble it away.
To get rid of ALL pump and dump frauds, the debt conversion rule MUST BE ELIMINATED! that would mean all those pump and dumps could not sell and dilute and with no debt money they would fold. But you have to convince congress to make that law change and since they are in on the schemes nothing will change.
TRANSCONA, that is incorrect. Shorting the stock does not kill the price, the company and debt conversions kill the price. In fact a short can end up losing if the price rises which it never does. So why not short it knowing full well it will tank on its own due to the company structure that shows it will tank.
I shorted many stocks like a recent ticker for $.18 that is now under a penny and did not cause the problems of the decline. The writing was on the wall as most OTC pump and dumps have similar structures. That structure and who is making it happen are to blame but not as much as investors are to blame themselves for buying into intent and dreams of hitting it big.
Some tickers do not even want shorts to short the stock so they make it HTB (hard to borrow) or ETB (easy to borrow) Remember these stinky pinkies only want to make the money, all the money, every last penny from investors who all lose. since the price always goes down, there is no other way to make money unless your in on the scheme or you short the stock.
It’s a game, play it to win.....
After the RS , short sellers will destroy this stock. Especially if it opens around .05 cents. Easy money for short sellers.
Might as well short this fcking thing down after RS. End the agony and put the final nails in the coffin while making a few bucks
No effective date yet. Most likely in Dec sometime.
The CEO of BRGO Berge Abajian is a serial conman.I talked to him on the phone and told him that he is a pos conman CEO who kept scamming his shareholders. He just laughed and even said we deserved to lose our money and then hanged up. He is a serial thief stealing small investors money for decades with his long lists of lies to pump the stock while unloading shares behind your back causing the stock price to drop 99% of its value. He is a total criminal and he belong in jail.Tge SEC or FBI should raid his place and handcuff him. He is not running a legit company cos he is running a share selling scam company. A 4th Reverse Split is coming then he will just pump again to lure a new group of investors to be his next victims. This guy is evil and his whole life is all about stealing people's money. He is sick!
How devastating will the R/S be? Now that this is the 4th Reverse split the confidence will be near zero. Expect an immediate 50% stock decline first day of R/S another likely 25% soon after that. BRGO needs to give conversion stock debt holders a way to dump shares, so expect declines very quickly. $0.001 will become a reality after R/S in maybe a few months or more. By completing four reverse splits it tells all what the company is really all about an dhow money is taken from investors. If we have a recession, sales will plummet and more debt will need to be converted.
Get your @$$ on my board ASAP. NO joke do your own dd
Plpl
Don't matter they just letting the dishes stack up b4 washing em
Another 1.6 billion added to the os!!!!!!
Yes 500 to 1 RS
Twitter is a rabbit hole I don't want to fall in!! Lol!!
Look where I am at on the blub. Going to be insain.
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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 |
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02/18/2021 07:30 AM EST | ACCESSWIRE | Bergio International Announces Acquisition Of Global Online Jewelry Retailer, Aphrodite's |
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