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Always looking at the bright side!! LoL!! I thought the coyote would be overkill!!
Agree, but mostly for the note holders. 247m volume should have moved this more than 2 ticks.
And why isn’t your Avatar Wil E Coyote?
Good day today Krony!!
$BRGO I like the handbags they are selling. Breakout move seems to be starting, as expected by the chart.
Lol.. 0006s. ...001s coming
Dang you nailed it lol
TF is Berge doing in Vietnam again....just burning our money on hookers and opium
I completely agree with you.
What a sh*t show!
I feel really bad for everyone who has lost money because of this conman CEO!
$BRGO been watching this slow 80 week decline. I’ll be loading down here and ignoring the noise. Thank you…
$0.0003 common soon and then 0.0002 and still many saying there is hope. Continued dilution and selling all the way to $0.0001. Said this a year ago and saying it again. We will see &0.0001 again and then a reverse split again as the only way generate monies.
This CEO Berge Abajian is a serial conman. i sold all at .0006 two months ago with a huge loss because i am sick of his lies. I thought stock price won't come down anymore but this stock has gotten worse. I hope he get hit by a truck for good as payback ime. Karma is a bitch and you won't know when it hits you. He's a serial conman who scammed and ruined so many small investors. He's a piece of shit garbage CEO who know nothing but scammed people.
Either hold till next financial update or drop it for another .0003-.0010 position which you feel from research will outperform $BRGO... instead of minting half a million last year twice, i made 30k profit but was broke by years end. Business was shot too... sooo pissed but what can't you do... Reorganize, plan and come back strong. Take last years mistakes as a lesson to restrategize with this year...
New O/S: 3,541,005,029 up "only" 163M from 3 weeks ago.
Have to applaud Berge
He's been fleecing Shareholders for years making himself and Bergio tractor trailer loads of cash..... and people still buy his bullcrap and add shares
Make sure when this drops to .0001 you load up for the 1:2000 Reverse Split
Thats when you really lose money....lol
You are right. i am surprised this crooked CEO Berge Abajian is still not in jail. He's been scamming small investor for many years and everyone knows it that's why this stock is down 99% since last year. Everyone lost money from this compaby because of a dishonest CEO who know nothing but lie, dilute and steal shareholders investments.
I just understand that this stock is down 66% since I bought
into this POS!
The disgraceful performance of this stock is solely because
of the CEO, who fleeces every shareholder holding this POS!
Os raised 4.8% from August 1st to 18. On the bright side, it didn't go up since the last update of August 22, about 2 trading days (clown face)
You do understand this is not new notes when you see that volume and the OS rising, right?
And this dilution scam continues!
With every SS update on the OTC markets website
there is an increase in the number of outstanding shares by the
hundreds of millions!
Ahhhh Berge, doing what he knows best, fleecing investors
year after year!
I guess we can average down when this hits 0.0001 and hope
for a double!
Ride it till the bitter end. Not much else you can do.
Chicks dig big feet, ya know. Just sayin. Stay tough & proud.
I lost everything man I don't know what I'm waiting for to wear clown boots at work (McDonald's)
Not at all. Glad you asked.
Hi Squirrley thanks for the reply always good info I really didn’t know because I haven’t had time to look through the whole document. I didn’t wanna sound argumentative
Hi Squirrley thanks for the reply always good info I really didn’t know because I haven’t had time to look through the whole document. I hope I didn’t sound argumentative
Upon rereading my original post, I didn't really answer your question.
In part it was written poorly. Most of the debt I see they have on the books is at less than favorable terms & exceeds inventory on hand, which was the point I was attempting to make vis-à-vis valuation...
This is what I would call "good new debt". Commendable debt, in fact!
What NEW debt had he taken out at toxic terms?
That's difficult to argue with. One could argue they have $3m in inventory & should be worth at least that much (writing off the accumulated deficit & back CEO pay), but with the new debt they have taken out (most stock-based & at toxic terms) that eats that $3m up.
I mean, I'm not a business guy - I'm a political scientist - but I've created & run businesses ... both my own & others. I also don't know exactly what is needed vis-a-vis marketing for their products or where that money specifically goes. But that being said, their marketing costs seem way too high. $BRGO is spending almost a third of their net revenue & over half of their gross profit on sales & marketing (doesn't include wages or website presence).
Furthermore, their cost of sales (raw materials) is 45% of net revenue. I don't know the jewelry business, but the way I was learned 45% is too high as well.
Professional & consulting services of $557k?!
Maybe it's me & my ignorance, but even setting aside the toxic borrowing, these expenses seem all out of whack. If Berge is pulling in $2.5 milly a quarter & STILL can't show a before tax profit, I mean, what's in going to take? Five milly in revenue a quarter? Ten?
At this clip of spending, $BRGO won't be in the black by Thanksgiving, let alone by the end of the year. And Q2 was supposed to be a profitable quarter.
Maybe it WAS profitable for Brrge ... just not for the shareholders.
A few snippets from the Q2 financials
"the Company had an accumulated deficit of approximately $17,588,000 at June 30, 2022"
"the Company has received net proceeds of $1,555,000 from the sale of Series D convertible preferred stock" <----Berge openly lied in the last conference call
"As of June 30, 2022, total accounts receivable amounted to $141,386"
"On June 16, 2022, the Company received proceeds related to a loan with Trillium Partners LP in the amount of $100,000"
"On April 13, 2022, the Company entered into a 12% promissory note in the amount of $127,400"
Berge isnt going to be able to resist that $70k @ .0003
I expect the .0003's to be wiped out before Friday
A step closer to the Reverse Split
Well actually at the pace he dilute I think he gets the 5 star escorts in Bangkok.
Lol ... sorry, just read this.
You're right!! For those who can pay to play!! It got rid of the freeloaders!!
Actually they are paying the OTC (not FINRA) the fees in order to be 15c211 compliant. They have to pay the OTC or be dropped to the grays preventing the retailers from buy the shares and retailers are the main source of capital because no institutional or savvy investor would ever touch this stock on the grays.
15c211 was supposed to protect investors but was really a way for scheme pump and dumps to be seen as legitimate by paying the OTC fees to be current under the guise or protecting investors. This is worse than the bank bail out prime mortgage scheme.
15c211 only did one thing. It legitimized pump and dump schemes.
Shorting stocks is like skydiving for a living!! I wouldn't recommend it!! Lol!!
Or wait for another 1:1000 Reverse Split......and short the hell out of it back to .0005
Berge used to trick people into a Bull Run on his Twitter feed to Dump Shares....but if you follow him on Twitter....everyone sees right thru his BullShirt now....and just laugh at him
Also notice He posted his financials on Twitter on Aug 1st....but it hasnt yet been submitted to OTCM <---- He knows the first thing Shareholders look at is how many "New Notes" were taken out in the reporting Quarter
You are absolutely right!! Running like a well oiled machine!! Only hope is to catch it on a bull run and jump off!!
Berge does EXACTLY what on OTC CEO is supposed to do
He sells "Notes" to dump money into his Company (and pocket)
I see Bergio is Pink Current....which means he has paid all of his fees to FINRA and is abiding by their rules
If you invest in this dung....its on you
berge belongs in prison and disgorged.
Your wasting your time here dude
The people holding shares are soooo addicted to Hopium they think Berge poops gold
Considering "Bergio" is a Jewelry store with $6 - $8 Million in sales/year and perhaps a 20% profit Margin....the current Market Cap of $1.7 Million may already be a bit high....lol
New O/S: 3,378,098,362 as of 8/1, up another 144m in a week.
The pyramid is almost on its end though, ponzi is running on fumes until he RS
Have to give Berge credit!! He has a well oiled ponzi scheme!!
pure con artist scumbag--agreed...using brgo as his personal piggy bank
Berge Abajian is a criminal, a liar, a dishonest, a thief, a robber, a conman, a scammer, a crook, a conartist. He is an insecure, greedy, selfish human garbage, He is a disgrace to Armenia and to humanity He scammed everyone who invested in his company with constant lying and endless dilution to benefit himself and no one else. History doesnt lie, two reversed split, massive dilution and endless lies. None of the shareholders have benefited his business because everyone lost money as the stock is hitting new low due to none stop lying and dilution. He is a criminal and he belong in jail. He is a disgusting piece of shit human trash. I should have listened to my friend when he warned me that he is a scammer CEO. Once a conman always a conman. It runs in his blood. I hope bad karma is going to destroy him one way or the other because he is a garbage.
Here is a possible CEO replacement.
Google Gunther Grant Jewelry, email the CEO and ask him. At least they know what they are doing. GUGR dot com.
None of any of that will ever happen. We asked for all of that years ago and his answer was “why should I buy common shares when I own 51 preferred?”
never happen...once these otc crims clear their first CERT
THEY ARE HOOKED....ITS LIKE LEGAL STEALING OF MILLIONS OF DOLLARS
only the sec/doj can stop them
If he wants to see any shareholder confidence here,
he can always announce a share buy back, or get his
friends and family to buy up all these billions of shares!
And better still - step the f down and appoint a capable
CEO, who is not a scam artist!!
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Transfer Agent (GAGGED)
1859 Whitney Mesa Dr.
Henderson, NV 89014
702-818-5898
www.empirestock.com
info@empirestock.com
SEC Filings
DEF14C announcing 10,000 for 1 Reverse Split.
Delinquent on 2018 10K
Delinquent on 2019 10Q 1st quarter
COMPANY REPORTS RECORD 3RD QUARTER
COMPANY IS DRAMATICALLY REDUCING CONVERTIBLE DEBT!!
https://www.otcmarkets.com/stock/BRGO/news/story?e&id=1721597
Share Structure - At At January 5, 2021:
Authorized Shares: 1,000,000,000 [90% reduction]
Outstanding Shares: 90,827,238
Float: 78,000,000 [confirmed by CEO on November 20]
Note: It is only the Unrestricted Outstanding Shares (or Float when known) count that is relevant to current trading. At a Float of only 78M, this is extremely low for a stock in the .0070 > .1 price range.
Bergio International, Inc. (Ticker Symbol: BRGO) designs and manufactures upscale jewelry. Their products consist of styles and designs made from precious metals such as gold, platinum, diamond, karat gold and other precious stones. The company’s products are divided into three fashion lines: 18K gold, bridal and couture and/or one of kind pieces. Bergio currently sells its jewelry to approximately 50 retailers across the United States and owns a manufacturing facility in New Jersey. The Company is increasing its footprint as a diversified global jewelry designer and manufacturer through acquisitions and consolidation in highly fragmented jewelry industry estimated to generate $160 billion per year. After realizing $2 Million in sales in 2013 the company has began to implement its strategy of growth by acquisition which will in turn help increase these already substantial numbers.
Bergio International, Inc. (Stock Symbol: BRGO) is a Sparkling Gem of the Fine Jewelry Market with Highly Prized Designs; New Acquisition in Play for Global E-Commerce Fulfillment Platform GearBubble
Established Jewelry Design & Sales Company for Famous Bergio Brand.
Worldwide Gross Sales for Mother's Day Period Surpass $1.48 Million.
Plans to Acquire GearBubble, a Global E-Commerce Fulfillment Platform.
Recently Acquired Aphrodite's, a Global Jewelry e-Tailer That has Done $31 Million in Sales in 3.5 Years.
Bergio International, Inc. (BRGO) is a global leader in jewelry design and manufacturing. The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected.
Established in 1995, the BRGO signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, BRGO founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The BRGO Berigo brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000.
BRGO Releases Mother's Day Sales for Aphrodite's
On May 19th BRGO released preliminary Mother's Day sales results for Aphrodite's, a global e-tailer recently acquired for $5 million. For the 2021 Mother's Day sales period from April 1, 2021, through May 9, 2021, the gross sales were over $1.488 million. With over 31,000 online orders, Aphrodite's had a gross margin north of 80% and gross profit of just under $245,000.
As the world continues to recover from the pandemic, BRGO continues to see increased online purchasing trends gaining permanent traction. BRGO also saw an increase in margins due to vertical integration after its acquisition. The Mother's Day sales period was a very positive start to second quarter of 2021 for BRGO.
For more information on Aphrodite's visit: https://www.aphrodites.com.
BRGO to Acquire GearBubble, a Global E-Commerce Fulfillment Platform
On May 12th BRGO announced its intent to acquire 51% of the assets of GearBubble, a premier e-commerce fulfillment platform with over $27 million in revenue from 2020.
For the past four and a half years, GearBubble has processed over $130 million in sales, with over 5 million units sold, and currently has a positive bottom line. Their offering includes shirts, mugs, additional on-demand items, and most recently, jewelry, a product category they look forward to expanding. GearBubble is best known for its seamless eBay, Etsy, and Amazon integrations, which allow their millions of customers to effortlessly launch, scale, and find success in the e-commerce industry.
Donald Wilson, CEO of GearBubble, shared, "We are excited about this acquisition and the possibility to bring high-quality jewelry at a scale to the on-demand eCommerce market. With the vertical integration of Bergio's production capabilities, we will be able to better service our millions of customers and scale much faster than we would have ever been able to do on our own."
Under the terms of the deal, BRGO will form an acquisition subsidiary which will own 51% of Gear Bubble's assets, for which BRGO will pay $2 million at closing in cash and an additional $1.162 million in 15 subsequent monthly cash payments. A binding letter of intent was signed on May 6, 2021, and an Acquisition Agreement is set to be fully executed after a full financial audit of Gear Bubble's assets by July 1, 2021.
The acquisition of GearBubble's assets will strengthen BRGO efforts for expansion into e-commerce and further increase the product categories they offer. The addition will allow BRGO to tap into GearBubble's millions of B2B e-commerce customers and world-class marketing while allowing the e-commerce fulfillment platform to integrate advanced jewelry production, allowing them to disrupt the massive gifting market.
BRGO has always aimed to create designs ahead of the trends with an unwavering commitment to crafting original pieces, incorporating extraordinary diamonds and precious stones. Their perfectly curated collections have gained global recognition and established the brand as a highly sought-after purveyor of rare and exquisite treasures from around the globe.
BRGO has been experiencing exponential growth in 2021. They most recently acquired Aphrodite's, a global jewelry e-tailer that has done $31 million in sales in 3.5 years and $10 million of those during the pandemic. Since acquiring Aphrodite's, BRGO has already increased their production over 100,000 units. They intend to continue their increase in production. BRGO can accomplish this due to its diligent investment in manufacturing technology and expertly skilled human capital.
For more information on GearBubble, visit: https://www.gearbubble.com.
For more information on Bergio International, Inc. (BRGO) visit: www.bergio.com.
As of November 17, 2021 • 8:31 AM ET
DATE/TIME | SOURCE | NEWS RELEASE |
---|---|---|
03/01/2021 07:30 AM EST | GlobeNewswire | Emerging Growth Conference 2 Announced for March 3, 2021 Niche Companies in Technology, AR, eCommerce, Beverage and more in Attendance |
03/01/2021 07:00 AM EST | ACCESSWIRE | Bergio International to Present at the Emerging Growth Conference on March 3, 2021 |
02/18/2021 07:30 AM EST | ACCESSWIRE | Bergio International Announces Acquisition Of Global Online Jewelry Retailer, Aphrodite's |
12/08/2020 10:00 AM EST | ACCESSWIRE | Bergio International Cancels 17 Million Shares, Reducing Outstanding Shares by Almost 20% |
12/01/2020 10:30 AM EST | ACCESSWIRE | Bergio International Announces Multi-phase Stock Buyback |
11/05/2020 08:00 AM EST | ACCESSWIRE | Bergio International, Inc. Announces 90% Authorized Share Reduction |
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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.
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