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Gonna be an epic run up for sure! Love the nasty consistency playing from a few here! That nonsense only means we are much closer to a BOOM!!!
CEO stated in an earlier PR that all notes weren't done, only most of them! I still plan to load a lot more shares, without any hesitation. Setting up to be a monster-size turnaround play, and runner, in my opinion.
New O/S: 3,067,698,069, up “only” 295 million, around 11%, in the last 3 weeks. So maybe not ALL the notes were done.
Speaking for myself, I don't want the SP to go down. I have always, and do now, want the SP to increase.
Also, did Berge have a choice of paying off his debts. I mean, it's not like he paid them in cash, right? He paid them in shares ... so really, retail paid them off. Indeed, a few of us pleaded with him to pay off the last one or two in cash, to no avail.
So correct me if I am wrong, but what Berge could honestly accept credit for is not loading up on yet more notes. Even then he still took a couple out (including the "D" shares).
I don't believe Berge would take the chance of undermining his stock now that it will also reflect on Brandon Shelton CEO of Gearbubble, Jonathan Foltz CEO of Aphrodite making them also accomplices in stealing millions from us Investors. Even printing their pictures for us. This will not hurt just us. Could you imagine people walking up to you calling you a thief. The rest of your life.
Wait until he maxes out the notes
Might be a good chance if he doesn't hit 9b shares before next 10q
Hassle him about gagged transfer agent!
Can't be honest ceo with gagged transfer agent berge could post numbers daily if he wants to
Um, I think the CEO has done quite the remarkable job at beginning to build a new reputation! What is it, maybe 94% of the toxic notes have been cleared? It's obvious to many of us that he is turning things around already.
Because of that, I'm not confident that it will drift lower like some of you guys want. I'd like lower prices as well but 3 months of share accumulation tells a different story here...it's being loaded!
I'm expecting an influx of cash this week and if I can get a bunch of $0.0007's, I'll take them. The CEO is building actual value here these days and I don't want to risk missing out on a bunch of shares if this puppy starts to run from a future catalyst.
It won’t. Get his attention that is. Or maybe it will but he won’t care. It’ll just mean the next inevitable reverse split will be that much sooner.
BTW, sorry I was snippy with you yesterday. No excuse.
Certainly correct on the 7's. No reason right now to buy 'em. For what, so dilution can sell into the 7's? You're right - let 'em sell 6's.
Unfortunately, Stem, you may be right on seeing 3's as well. It's sad & so incredibly unnecessary. A pink that has audited revenue, grossed 11m last year, is looking to double that this year, and is expecting to show bottom line profit this quarter ... and their PPS can't hold anything above trips. Not only that, but their MC is below $2m - less than they have inventory in hand by 50% - and there is the very real possibility it will fall below $1m.
Unreal.
Well, no one has confidence in management. If they did, relatively small amounts of dilution wouldnt be a problem. But there is currently zero buying pressure right now.
What can one say? Berge knows why, unless he is in denial. He knows what he needs to do to create confidence. Question is, does he care to or not.
Much as I hate to say it, I say we collectively (if that's even possible) allow the SP to go into freefall. Refuse to buy any shares, diluters will dilute, and the price will steadily decline. Maybe that would get his attention.
Thoughts?
Geez! Stop painting 7's in the middle of the day!
let them have their 6's
Get on the bid at 6 if you're brave
I would wait until at least 800m more shares hit the a/s see what the price is then
I see trip
0003"s coming soon may be worth the wait
. 0006 is the converters break even point stop bidding 7's they will be forced to sell into the 6"s
Jmho
I hear you. We can only do what we can do & hope for the best.
He said he is overseas so people won’t bother him or expect him to call back or return an email.
This company is too small to pull a Madoff scheme because this CEO is walking in an eggshell. Everyone who is invested in this company is watching, vigilant and very critical on him and the company because of his past and he is aware because people kept bringing it up. He is already accused of being guilty even no one can prove it because of his past. Diluting a stock to raise funds wont send you to jail and thats the sad part in general because it can deplete the stock price. We cant change the past but we can only change the future and the future is brighter and prosperous. He has accumulated all the ammunitions and he is ready to go to war. I believe this is the time because the company is making money with data to back-up from Amazon, Gearbubble, Etsy, Walmart thru Aphrodite. He got partners who are already generating millions of revenue, and i dont think they will close partnership with him if they have doubts on his integrity. Unlike the Madoff's whose transactions and books are managed by his family in the same building and city, Berg doesnt stay in one place. He travel regularly because he has businesses in different locations while trying to appease his disgruntled, meticulous, impatient investors.
U think he is in Armenia because he said he is overseas?
BERG will need to let this run. He is making huge money with his company but always rides the selling of shares. $BRGO$ will run when “he” “BERG” is good and ready. TiC ToC it will come and I am always ready
Where is the reply of your email?
Roflmao worst possible mistake on any stock...believing what the CEO says....theranos! Bernie madoff...list goes on and on if jumbo cap ceo will lie just imagine the honesty level of otc lies
Very well written email…and nothing I didn’t send him in different words, 3 years, 5 years or 8 years ago. He’ll do what he’ll do and take nothing a shareholder says into consideration.
Yep,all valid concerns. Nobody forgets a dilution specialist so he will have to go out of his way to prove that everything is on the up and up. But it looks really good so far with most notes being paid.
Even when I look at the recent AS raise, I can debate it either way, except it's hard to imagine him taking out more toxic loans when he just finished paying of the majority of them.
My only other conclusion is that while trying raise additional capital via preferred convertible shares, the money guys are probably just negotiating for a better conversion if he wants to get the entire $7.5 million that he is trying to get. But at least he already did get $800,000+ plus in funding already this year, at a higher conversion rate. That's a good sign to me.
Just remember, last year's stellar revenue was done with a very limited product line. This year they're on track to have significantly more jewelry products, so their revenues could scale non-linearly again, IMO!
Good work.
In the past, the CEO had no other choice, as far I can tell, but to take out toxic loans to keep the business afloat. Running a successful business can be difficult and expensive.
In the past, the CEO could really only expect to make a salary from the business, and a lot of time that comes in part from the toxic loans. But now, the incentive is far greater. With huge revenue going forward, and better quality funding, the stock actually has a chance to return to a much a more realistic value.
That means all the key executives can potentially have a huge windfall. So why would they chance screwing that up. Instead of looking at typical quarter million dollar annual salaries, they might end up with a huge capital gain payday instead.
No guarantees which way this goes, but I like the risk/reward here.
I emailed this to Berge late last week. Comments welcome.
Berge,
For the past six months I have been watching & investing in your company, eventually acquiring a decent number of shares.
This is an important time ... right here, today. You have brought this company to the brink of long-term success after years of living off meager revenue, dilutive loans, reverse splits, and money from your own pocket, and your success now must feel great! I know - I have owned & managed small businesses. The "hand to mouth" period is always the worst.
Everything seems to be going well. Except for the stock price.
You have been releasing revenue numbers in the hope they will raise your embarrassingly undervalued share price, but to no avail. Your company is estimated to do $20m this year, but the stock value of Bergio is only $2m. To put this in perspective, the company's market value is worth less than the value of your stock on hand. That's ridiculous, and literally embarrassing.
Your crisis here is not one of value - it is one of a lack of confidence & an excess of dilution. As long as investor's fears of further dilution & reverse splits remains, your stock price remains in the dump, with traders flipping for a .0001 gain because they have no confidence to hold it for longer.
Long story short - from my own experience & from talking to past investors - the following is what is going to raise your share price & not just give you income, but make Bergio valuable. Because while it's one thing to have income, it another completely to have wealth.
1) No more dilution for loans. You had to dilute in the past to stay afloat. That doesn't appear the case anymore. Every time $BRGO hits .0008 on the bid, everyone sells, so the stock price can't get anywhere. Watch ... we closed at .0009 Wednesday & rather then more energetic buying on Thursday, i expect a sell-off down to .0007 again tomorrow. No one has confidence to hold & grow because they are constantly getting dilutive shares dumped in their lap & losing money. The dilution for short-term cash has to stop, or the few solid investors you have - like myself - will leave, and your company will be owned by a bunch of flippers who could care less about your success or long-term share price.
2) Use shares only for acquisitions. Then you are trading current value for future value & not cash to pay bills or put in pocket, which is non-revenue generating.
3) Pay off the remaining security-backed notes now, today. Because of dilution in the past (and, by most stockholders, expected in the future as well), no one wants to hold shares while dilution, or it's possibility, is out there. Paying cash for this note is a great olive branch to offer investors, instead of having them bear the cost. You will more than make up for the cost with the increase in share price to follow.
4) No reverse splits in 2022 or 2023. The other fear of investors ... dilute, dilute, dilute - reverse split. To investors that almost always means "I get screwed". You just bumped your authorized share count up to 9 billion. Birgio has more than enough available shares for acquisitions & to focus on creating wealth for yourself & your team.
5) Put this all together & announce it all at once. I shit you not, that day, your share price will at least double in 24 hours, and almost certainly go up from there. Make sure you have a bunch of shares in YOUR pocket before you announce.
I promise you, the above is doable, it is healthy for your company, and it will make Bergio valuable & you wealthy. There is absolutely NO REASON the share price should be below .005 right now ... conservatively. Considering the number of shares currently out, a price of $0.01 & $0.02 is not at all out of the question under current circumstances. That's 11-22 times it's current value ... just by giving investors confidence that when you succeed, they succeed as well.
Please, talk to your people & consider what I've stated here.
Best,
Ken
I was here in the past. Gave it up because of the toxic loans. But I don't live in the past. Looks far better this time around. Worth the risk to me.
Sorry...
I am not recommending or pumping it, but sy*sx has been very good to me lately.
But where I was going was I understand getting burned, but to me it is no small consideration that he is in a much different position, financially, then he was in '19. Downdraft made the point that perhaps Berge deserves another chance, or the benefit of the doubt, or something. That may be so. It's one thing for me to say "sure he does" and another completely for you to. I can clearly see both side, and I am sure you & Downdraft do as well.
At this point, I have cut my position in half. I took somewhat of a loss, but I am not comfortable with what I have been hearing from Berge yet. It's a mixed bag. I was more willing to believe him until he sent out that desperate sounding tweet about how we should not listen to other sources of information.
I don't know ... long story short, valid arguments either way. It is yet to be seen whether Berge will take the high road or just go for one more burn. Know that someone has heard you & that not everyone is just looking to blow you off.
I wrote an email to Berge last week. I shared it on ST, but not here. I'll post it next.
Thanks for your input!
CEO Replied!
Investing on this stock takes a lot of trust because of the history of this CEO but you need to acknowledge that this company is generating revenue this time. Now, it is up to you if you trust this CEO or not moving forward but i think this CEO is not fucking around. This is servious business for him if you watch his videos.
Yeah, yeah, but that doesn't account for drastically different current conditions.
As was said, what people do when they're desperate is usually the same exact thing they do when their flush.
You have made your point numerous times. We know where you're coming from.
Shareholders? Screwed by berge for years that's why the shareholder deficit is around $18 million dollars .....thats a lot of people who trusted berge and lost big time he's fleecing investors for over a decade now
You can read for yourself the dozens upon dozens of times he said he no longer needed toxic loans...but the simple fact is he can print unlimited shares of oreferred and common stock to pay these off....conventional loans reauire they be paid back in cash.....as long as people keep buying he will keep selling
I also understand where your coming from. I am still not sure where I stand and I haven't had the negative experiences you have. I was in a play something like you were with $BRGO, and although I walked away making money (by the skin of my teeth & about 48 hours), I would never trust that rat bastard with a nickle.
Sorry...work calls...more in a bit.
Give it another try, load right now. A million would only cost u $800 and come back after a week, month or so. You know that when this hits a penny this year, you will have $8K. I put $15k on this stock with over 15mil shares and i am not worried after watching that video i posted here
Excellent reply, valid insights. Food for thought, certainly.
Yes I have emailed, messaged, texted him many many times about dilution. He has always said he’s going to stop it or end it and he NEVER has.
Those are great points as well. I was in the stock years ago and dumped it because of the dilution.
But please keep in mind, people who are broke tend to do desperate things. When they need food, sometimes they're very tempted to steal it.
In the case of BRGO, taking out toxic notes is not theft, but it's a way to get that cash when you are desperate to keep a company afloat. For many CEO's, it's simply an act of desperation, especially when a toxic lender is waving hundreds of thousands of dollars in your face.
But with a lot of new revenue, that desperate behavior can disappear in a heartbeat, because they no longer feel desperate! Try giving the guy a chance. I've lost tons of money on toxic debt plays in the past but it's ultra-rare to see a company make it out of the toxic-debt cesspool like BRGO appears to be doing.
The CEO has mentioned in a press release that they will not have to rely upon toxic notes going forward, instead using conventional financing. And, their new found revenues are a clear sign that they are in a much better position moving forward,
Good luck in any case.
This time is different though cos he has partners Aphrodites and Gearbubble and they are already generating revenue. You think Berg is going to fuck it up with his reputation at stake? I emailed him to address the dilution concern again because it it is the number one topic that everyone is talking about on Twitter thats why people are staying away but i believe this will go over .001 this week because this stock is way oversold and it is being manipulated. I saw OTC stocks that have zero revenue trading higher than this stock. I hope he will reply and i will post it here.
The big thing I’ve learned is that BRGO, as much as I wanted it to be an investment, is a trade. I was once the biggest cheerleader here and had regular correspondence with the CEO. What finished it as an investment for me was the reverse split in 2019. For the second time he continuously told us he was not reverse splitting. We begged him to raise the A/S rather than reverse split and he told us he did, up to 10b. But he never actually did and did a 1/10000 reverse instead. Whether you or other “investors” believe it or not he’s heading there again. When he reverse split the last time he promised to lower the A/S to 500m. I think it only went to 1B for a short time before he raised it to 3b and then 6b.
All good points. I think he has righted the ship, allowing him to change his strategy moving forward. Toxic notes are normal business in the OTC, but once you gain a reputation for maxing out the OS and doing reverse splits, that's a very tough hurdle to cross.
However, the fact that he used substantial toxic debt last year to make key 51% acquisitions, giving BRGO a significant presence in the eCommerce space, and then turning around and paying off most of those notes because he had new-found revenue via those acquisitions, is a pretty good sign to me that he's taking the high road.
Most CEO's in the OTC get stuck taking the low toxic debt road simply because they have no other choice, or they're scammers at heart. I think the CEO will take the high road going forward as I think he just got stuck in the toxic debt whirlpool, trying to stay afloat all these years.
The expected revenues going forward because of a larger product line, the revenues from GearBubble and Aphrodites, and the potential substantial revenues from NFT sales, should keep the CEO in a strong enough position to actually grow the corporation to significant new levels.
My guess is that he simply couldn't envision growing his brand into a mega-brand until his new-found revenues started pouring in last year. That gives him legitimate options to use conventional debt or equity financing going forward so he never gets overburdened with interest rates and OS ballooning again.
The 10-Q does state that he can get another 1 billion in shares if certain conditions are met (don't yet know those conditions) and I assume that was the reason for the AS raise last year to 6 billion shares. And the very recent AS raise to 9 billion shares, I assume, is to allow for any preferred stock conversions that could take place in the future, possible to avoid any hostile takeovers, or maybe to even entertain a buyout.
With the huge profit margins in the jewelry business, along with a proven available market for Print-on-Demand jewelry products, BRGO should be easily able to forecast very significant revenues going forward for the next couple of years.
When they were stuck in toxic debt land, it would have been hard for any of the key management team to be able to envision how their own stock shares would be able to ever be worth a lot of money.
But now, with growing revenues and excellent profit margins in the jewelry industry, my feeling is that they can now actually see a path forward to making a boatload more money on their shares of stock going forward than they could by overpaying themselves in the short run.
My bet is that they can now see a huge path forward, taking a solid business approach, like one would attempt to do if they were on a higher exchange. The revenues should be able to propel them out of stinky pinky land and then it wouldn't even be out of the question that would have extra cash for a share buyback.
No way to know for sure, but the press releases certainly sound extremely promising. Still, it will take some time to get the momentum back, as a lot of traders bought in at prices far, far above. If we can run up to about a half of a cent for starters, some of them my become believers again.
Plus, a couple of long shots do exist here. Maybe GearBubble can become one of the key eCommerce stores going forward, like Shopify. Shopify has revenues of over $4 billion annually. That would be huge.
And another long shot is that NFT's sales will launch them as a key NFT provider, but lots of competition is moving into this space as I'm sure many companies dream of becoming the next OpenSea.
But in any case, the bread and butter for me, is having a powerful jewelry line that can be scaled for mass production, then made available to a large number of resellers via GearBubble, who can also enable those resellers to sell on Etsy, Ebay and Amazon as well. This last case, in and of itself, could become a golden ticket for BRGO!
Just my opinion; not investment advice. I'm just a taking a significant gamble here as we now have, in effect, the equivalent of 3 CEO's who are steering the company forward, and two of them have proven significant technical skills, leading BRGO out of the stone ages, becoming a tech-based eCommerce plays as well.
Plus, the fact that they scaled revenues massively and paid off most of their toxic notes is just completely unconventional and uncommon in the OTC. For me, that's worth the risk right there. Oh, and of course, ever since the MicroCap Daily article back in February, share accumulation has continued to rise. We just need a whale or two to decide to take a chance and then it could be game on in a huge way! Come on whales!
Bergio is certainly going places & making money. Will Berge use some of that money to support & increase his share price, or will he bank all the cash, use shares for acquisitions & fund raises, max out AS, & then R/S.
Either option is possible.
Right now he is expecting peeps to stampede to the stock & drive SP up based solely on sales numbers. Where many/most companies may do so successfully, people don't have faith in Berge to do the right thing, so the SP is stagnant.
In reading everything you posted, this is what the plan sounds like to me:
* Acquisition(s) using the new higher OS/AS, so stock pays for the acquisition at the expense of retain,
* Further possible dilution using commons & special shares for capital raises,
* Future R/S to consolidate, artificially raise SP, & uplist.
All that could mean that $BRGO could be a great investment ... in a year or so. It could mean this group of investors will pay for the new acquisions & toxic debt payoff w/o receiving any on the benefits. I am simply saying this could happen, not that it will.
Or, Berge could go the somewhat slower route of nodding AS/OS where it is, using cash income to both help with acquisions & buy down some shares, & naturally move into a stronger position & uplist.
I'm a political scientist, not a capitalist. But these seem like generally the two routes to go. This is why I am looking for some assurances from Berge that the people holding & experiencing pain now get to share in some of the gains we helped create.
Correct me if I'm wrong.
Well, that is an opinion, yes. And you might be correct. I have never met the guy. I can't say your opinion is untrue. Indeed, you may have more data points for believing what you do than I. I just have the unlikelihood of any given person being so self-centered & emotionally immature.
Do you own shares? I am assuming you do not, given your opinion of Berge.
Ive loaded several millions because this cant be be under .001 in the next few days.
I concur everything you have said here!! I’m loaded and still buying more waiting for the rocket ride!!
When they launch NFT and Bergio Bridal, thats another serious money maker in addition to their projected growing revenue.
No doubt! And not only has BRGO executed a magnificent turnaround, acquiring interests in two companies, launching them into the eCommerce space, but their revenue numbers prove it, from less than $700,000 in 2020 to nearly $11 million in 2021, while eliminating most of their toxic notes. That kind of stuff just rarely happens in the OTC. BRGO is getting prepped for a stellar run, in my opinion. Share accumulation doesn't lie!
This is everything that everyone needs to know! They have impressive sales that kept growing and legit people behind it. BRGO is going over 5 cents before the end of this year. Remember this post.
Plus, just recently, via the March 30, 2022 press release, BRGO announced a test and official launch to see if there were sellers that would be interested in building out their own NFT store, followed by getting an upsell of real-worldl eCommerce products highlighting a buyer's NFT purchase. The test and launch went better than far better than expected. Gearbubble hit $184,000 in sales in its very first week of launch.
See the News tab under OTCMarkets.com as some of the news is split between the Disclosure and News tabs and the most recent news isn't showing on the Bergio.com web site.
Lots of juicy tidbits in the most recent quarterly filing! Just dwell on this for a bit, from the filing.
"Between January 2022 and February 2022, the Company sold an aggregate of 855,000 share of series D Convertible Preferred Stock for total net proceeds of $815,000 after deducting legal and finance cost of $10,000 or approximately $0.96 per share."
This is light years better than having to tap conventional toxic loans, IMO, especially since the company has stated they have recently paid off the majority of their toxic notes.
Just my opinion; not investment advice.
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Transfer Agent (GAGGED)
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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 |
---|---|---|
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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