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That logic looks good on paper but what happens is the bid (If brokers even buy from the retailers), they will change the level two so fast that if the bid says 5,000,000 asked 10,000,000, you can never get the entire 5,000,000 sold at the posted price. 5,000,000 does not mean they will pay that bid for all 5,000,000 shares.
When brokers see a run on the bid they may execute only 100,000 of the 5,000,000 then soon after transacted they lower the bid even more (below any profitability) NO ONE and I mean NO ONE can make a guaranteed $1,200,000 on $100,000 invested over time on the OTC. It may seem logical but the fact is the brokers wont allow it. Plus you have to hit every ticker with a guaranteed % gain and we all know that is never going to happen. One loss can kill all the profits from 100 plays.
Also they regulate the fees with the bid. If you buy and sell at $6 commissions ($12 total to buy then sell) on 100,000 shares, 25,000 of those shares at $.0005 has to absorb the cost of the commissions. At your 1% fraction theory when you apply the commissions means you lose money. This is regulated and set up all for the fact, brokers and debt sellers do not want ANY retailers selling at a profit forcing them to hold. Remember it’s their money and YOU CANT HAVE ANY OF IT!
The problem also is when the pump sets up initially at the higher price with the intent it may go to $5 up from $.20 the big level two may look good but will drop below profitability with one transaction leaving just about everyone at a loss. The dilution starts and price drops and people start to buy more to cost average. And remember ANY brokers buys on the bid come from the debt shares NOT retailers.
If someone posted your data as a proven FACT every person would be a millionaire. I do agree that retailers don't want to make just 1%. They dream of a new home, quit their job and buy a vacation condo in Florida that requires a $1000 investment in a $.0001 stock to rise to 10 cents per share is a gain of 100,000%.
If every stock offered the same guaranteed low level gains, as soon as many attempted to do that the brokers would shut down the bid to a total lose on any gains even 1/10th of 1%.
I have said it many times, the OTC schemes are like a CASINO and the house never loses. Most retailers gamble on the OTC scheme to make huge returns the same as sitting at the black jack table and playing $100 each hand and you hit a BLACK JACK every time and turning $100 into $250 each hand and we know that is IMPOSSIBLE!
If we use your logic it would be like going to the casino, playing $10 on roulette knowing that you will hit your number and double up but as you said make a little then leave. So after one play you win $20 and leave to go to another casino. But we all know you will never hit the number you play on one bet each time. Plus the cost to move from casino to casino similar to commissions to buy and sell can equate to far more losses then the 1% gain.
When you buy a major stock most have no commissions (except for OTC schemes) where TD makes $50,000,000 per quarter on commissions.
But the little known secret is when brokers offer no commissions on major stocks; they are in a microsecond accumulating all the sales and buy data on any given ticker. The technology is so precise now that TD can accumulate the buy and sell data and in the second it takes to transact the buy or sell order, the technology can accumulate what the price will do on any given split second before the orders are placed. TD can then buy and sell a % of each order and buy or sell based on what will happen in any given trade.
What that means is TD and other brokers, for example see the buys and sell on Amazon stock and the system will calculate the % of buys and % sells and trigger an internal buy or sell based on that data. Sounds like insider trading right! But you can’t blame a computer and the transactions happen so fast no one notices.
So how do I know this? That is what I do. I tested this theory based on long-term trades and found that brokers are posting record profits, but where are they coming from? Market manipulation is illegal but having technology-allowing brokers to buy and sell based on buy and sell orders placed is not illegal.
So they don’t need to charge commissions, they make much more trading based on what is about to be traded. Sounds sneaky!
So why don’t the brokers do that to OTC scheme tickers? Because they know any buy and sell internally based on buy and sells on the open market would render them very little profits even on a large share transaction. They figure just charge people a commission knowing 10,000,000 trades may happen on any given week at $6 is $60,000,000 a week in total for all the brokers who sell OTC stocks.
When I spoke to an ex-employee of TD, he said they know the stocks are bad they know they will be diluted and know they will make $6 x 2 with each buy and sell and he said that if they warn investors about OTC tickers they will lose as much as $50,000,000 each quarter on commissions.
He also said that this 15c211 that was supposed to stop fraud caused many tickers from being traded and they lost about $24,000,000 in commissions. He further said they anticipate 15c211 being retracted so that the pump and dumps can go back to the OTC and get the commissions moving again. It’s all about MONEY, nothing else.
He also confirmed about the no commission stocks saying that on any given 100 shares traded they may execute an internal buy or sell in a microsecond and make $.10 per transaction on the sell or buy on one share out of 100 traded. When you see a company trade 50,000,000 per day in the $20-$100 per share range and they internally make only $.10 on 100 shares is 500,000 x $.10 per day on one ticker ($50,000) they do that with 100s of stocks (not OTC tickers) so you can see 100 minimum x $50,000 is $5,000,000 per day in FREE MONEY! That comes to $1.2 billion annually at the MINIMUM!
One share sold or bought out of every 100 is literally nothing to cause an issue with the buy and sell price BUT those $.10 sure add up! If they also do this with cheaper shares in the $1 range they make even more money. How do you think wall-street posts trillions in profits on no commission stocks? Must be nice
Brokers know doing this with pumped stocks there is no money in it. That goes back to the casino scenario, Play with the house not against it and the house never loses.
Open a margin account with $1000, wait for a new HOT stock that’s $.05 or more and put in a short sell order and wait. When the stock tanks to $.01 you buy it back and make $.04 per share or more if it drops further and we know it will.
Sell short 2,000 $.05 shares ($100) on the initial pump (we did it with SGMD at $.18 and many others) and wait. We know OTC schemes must get in and out fast before they implode and know that the longer they take the less people will buy as all the suckers are holding at that point not buying more.
When the stock tanks to $.01 you buy back the 2,000 shares for $20 and you made $80 (in about a week) that’s an 80% return not 1% and is a SURE THING based on the schemes set up, debt, authorized and structure of what they want to achieve.
You do that with 100 tickers even a month and you are making a nice $8,000 a month on $100 bets. If you look at all the failed tickers then the new one that take their place will do the same you jump in fast and buy back fast and move to the next ticker. OR wait for the stock reverse and do it all over again with the same ticker.
I don’t want to hear all these responses saying “but what about the fees and %” or it’s impossible to short OTC stocks. NOTHING IS IMPOSSIBLE in the market. It’s the Wild West!
Money is the name of the game and rules are for suckers. And with millions of suckers who lose accumulated to over $100 billion annually, regulations will never change and questionable activity overlooked because lawmakers are ALL IN ON IT!
It’s just the way it is. While millions are losing little, few are making Billions!
The only OTC's that have any validity and actually are doing what they say, are of no interest to investors. Investors who buy OTC stocks buy on hype and dreams not reality. It's amazing that investors only jump into tickers when they think it will be a huge payday. I have said it before; it's the lotto mentality. Invest a little to win big.
Again the problem is that unlike a lotto drawn number where you have a slight chance to win, the OTC Scheme makes sure no one wins by controlling the winning number and making sure only they own the winning ticket.
If a lotto with only 2 sets of numbers promoted the TOP prize was $100 and tickets were 10 cents, no one would play even though the odds are much better then the current lotto odds. That is because the pay out on the current mega lotto is what dreams are made of. And the entire OTC is made up of just dreams, Broken dreams.
This is exactly the difference between valid OTC and scam OTC tickers, and those running the schemes know full well that the dream will always beat reality. OTC investors don’t have much money, a proven fact and really can’t afford to invest in a blue chip at $50 per share making $2 when it hits $52. To make $1,000,000 that way they need to buy 500,000 shares at $50 ($25,000,000) and PRAY it goes to $52.
The OTC schemes know if they use the same logic only more affordable, they will attract those who want the same. To make $1,000,000 on a scheme with the PR saying if you invest now at the diluted decline of $.0005 per share, all you have to do is buy 10,000,000 shares (Cost $5,000) and when it goes back to $.10 (Cheap from a high of $2) you can make your $1,000,000 investing $5,000 not $25,000,000. But that is rare that OTC investors would even take that $5,000 risk but some do.
In most cases the idea is to spend a few hundred to make at least a huge return but far from $1,000,000. Although some schemes say they will file to go to NASDAQ and then the stock could rise to $3-$8 per share. I have said it before, any OTC can apply and say they applied but are quickly denied by NASDAQ.
That NASDAQ intent news allows schemes to promote the same $1,000,000 number that is what OTC investors want to hear. You cant claim you are a millionaire if you only make $999,000 so the $1,000,000 mark is key to a successful pump because if you make that much you can then say you are a millionaire.
To achieve that, the scheme pump and dump says invest $2,000 at $.01 and when at NASDAQ at $5 you make back $1,000,000. Even $2,000 is a stretch for OTC investors for the fact it may be hard to hide that from the wife. So $100 here, $100 there no one will notice and even if a $100 investment at $.0005 (200,000 shares) even goes back to $.01 is $2,000. Not great but not so bad but rarely ever happens.
The problem is for the fact the schemes make sure the shares never rise so they have no competition from investor’s also selling shares. They want all the money and YOU cant have ANY! Keep in mind brokers have to keep the shares on a declining price to hide the fact they are buying more debt shares from the scheme for much less then the posted bid. This continued decline in price must be done to hide the dilution debt dump.
It’s simple math and how the market is played. If the scheme ticker has brokers selling shares for $.01 with a bid of $.005 and they rely on the retail investors to sell on the bid to fill the asked order, most retailers wont sell that low. Remember OTC investors want a HUGE win not take $100 at $.001 and sell them for $.005 to only make $500 before commissions.
That is why the PUMP PR has to get investors so excited they hold the shares. By holding back shares, brokers would have no option but to raise the bid and the bid can never be greater then the asked. Brokers know if the asked goes UP they will start to lose the majority of investors who want in cheap.
To regulate these OTC schemes, they all play the same game. Sell high on the initial pump then debt dilute. Once the debt dilution dump is in play, they must keep the asked low and the bid low (often they make the bid and asked the same).
NO broker wants to raise the bid and end up with billions of shares they can’t resell. Its like buying 1000 eggs, you may eat some but not all before the rest go rotten and you can’t eat or resell them. This only gives the brokers ONE option, to buy debt shares for far less then the bid and keep selling on the asked at the low price.
If brokers raised the asked from the high demand and did not buy debt shares cheap, they would have to raise the bid and also the asked and end up not getting mass orders on the low asked price. You can tell this happens when you see 100,000,000 shares trade on any given day with no change in the bid or asked.
It’s called a LOCK OUT.
That is when brokers no longer buy on the retail bid and only get the shares from debt sellers for a fraction of the bid. TD takes in about $50,000,000 in fees each quarter selling OTC investors what brokers KNOW will never be allowed to be resold on the lock out because the brokers are all in on the scheme. They may not be breaking the law but they obviously don’t have investor’s best interests in play.
This is about MONEY and nothing else. It’s investor’s dreams to make $1,000,000 cheap. It’s about an OTC scheme knowing that’s what investors want and they create the intent dream scenario that lures investors in. It’s about the brokers making $100’s of millions each year selling locked out shares for commissions and making billion$ selling debt shares to new investors and cost average buyers.
Everyone is in this for one thing, MONEY and nothing else, the investors want easy money and the OTC schemes want easy money as well, and it’s easier to say they may make products and create the company they promoted that never materializes because its easier selling shares on a $400 news release then to actually get out and make the company a reality with the high risk it wont even work as a company.
That is why pumped companies use huge scale plans like marijuana, lithium, gold mines etc. Because they know they will never do it and also that’s what investors want to hear.
Soon all these pumped tickers will change to Mushroom Companies with the news psychedelic mushrooms may be legalized. I Guarantee tickers will change and also guarantee investors will jump in them as well.
There are two losers in this market. The retail investors who in total lose about $100 billion annually and the valid companies on the OTC who are literally “Locked out” by investors the same way those investors are locked out from selling on the bid.
When the few valid OTC companies that break out and become fortune 500 companies, the same investors who declined to invest are now saying they wish they had (Like Amazon at $2.00 per share) because they would have made millions. Shoulda, coulda, woulda! Retail investors are their own worst enemy.
If OTC investors took all their losses over the past ten years and invested in a valid OTC that was on the move that just needed capital to expand, they would have the magic $1,000,000 they so desperately seek that they never find when investing in a diluted pump and dump. They want it FAST not long term, they want it NOW not when they are retired. And they don’t care about validity as long as the stock goes up. But it never does.
OTC investors are the SOLE reason the OTC exists and make scheme runners multi millionaires and the brokers are raking in the CASH like you can’t imagine.
The fact that tickers keep folding while at the same time new tickers emerge keeping the OTC with an average of 12,000 listed tickers on any given day is a cycle that is driven by investors who get in on one ticker, lose then rush to a new ticker that emerges to get in before that one explodes or the belief they will make back all the losses on all the previous lost investments.
The only ones who can shut down these scheme tickers (If the SEC does not change regulations) is the Retail investors who if they all took ONE month off from investing, Brokers would panic losing fees and selling debt shares on the asked they paid very little for and the tickers would fold with no money coming in from shares being sold, they would have to actually MAKE the company work to make revenue or go out and get jobs.
It is much harder to work to make an OTC scheme valid and IMPOSSIBLE to achieve the goals that scheme was planning to do in the pumped news. It is and easier selling just shares while your enjoying your new Ferrari and Lamborghini parked in your garage while on your new 50 foot sport fishing boat at your waterfront property.
Money is the root to all this, money, greed, deception and a lotto dream that investors never want to wake up from. But the reality is, the alarm clock rings, you wake up and go to your daily grind job watching the tickers on your phone every hour and all you see is RED!
Investors also turn on each other trying to convince others to buy the stock so they can get out and make a few bucks (Meaning $100 maybe less) just to get out even break even.
Investors are locked out of selling on the bid, those same investors lock out valid companies due to greed and then the investment community turns on each other with everyone with their finger on the SELL button thinking to themselves they will get out before everyone else.
Try telling that to the last guy on line of 30,000 people rushing to get to a WHO general admission concert.
You will never get in first, and those up-front get stomped on by the rushing crowds. Eventually a few make it to the front at the peril of 1000’s of others.
OTC diluted tickers are the same, 10, 20, 50, 100 billion shares in the float held by millions of investors that all believe they can get out before everyone else while any shares being sold or bought on the bid come from the debt shares not the public bid pool. How can anyone sell if no brokers will buy yours or anyone’s shares? Start your own OTC pump and dump is one way.
If investors STOP and save all that money over 5 years and save $20,000 and go to the casino and plop it down on one hand of black jack. You odds are better at the casino then waiting for your investment to be profitable. I guess also people like the action. One hand of black jack can take only 1 minute to lose your $20,000 or double up to $40,000 while the OTC allows a longer time to hope it pays off, the longer it takes before the scheme is shut down the longer investors can dream.
OTC is like playing black jack but at the $1 table and playing 20,000 hands $1 each. You may win many hands (just not 20,000 of them) you can play longer but when you win you don’t double up your $20,000, you only double up your $1 to $2 but get to play and lose over a longer period of time.
One way to guarantee a win is if you’re a raging alcoholic and you get a free drink with each hand you play for $1 and tip the waitress $1 you get a $10 drink for only $2 that is a sure way to make back some value but what is the cost of liver failure.
It’s the same reason people play lotto each week. If you have $1000 to buy 1000 $1 tickets over the course of a year, your odds are actually better if you save the $1000 and play 1000 numbers once per year not just a few every week. Spending $5 each week decreases your odds then if you bought $1000 one time per year but the reality is, investors know they will lose regardless. The problem buying all 1000 tickets once per year is you would not be able to dream for a whole year till your next $1000 lotto play.
Playing each week means you have 52 weeks to dream, wake up dream wake up. The dream ends up being part of the investors reality as it releases some chemical in their brains and becomes part of the their existence.
The sad part is maybe when they are lucky enough to get out of a ticker and make $100 profit they tell others they WON when they lost on all the others that far exceed the one win. A relative of mine went to the Meadowlands horse races, I said how did you do, she said SHE WON $50! I said really how, she replied on the last race she bet on a long shot a few bucks and won!
I said what about the previous 7 races, she said she bet $10 on race 1 and lost, $20 on race 2 lost, $8 on race 3 and lost, $20 on race 4 lost, $6 on race 5 lost, race 6 $3 and lost, race 7 $18 and lost. BUT amazing she tells everyone she WON at the track. She won $50 but lost $85 in the prior 7 races, I said you know you are still down $35 losing $85 and winning $50, She replied OH!
That is what OTC investors do and you can never ever win buying shares in the schemes with the goal of the investment to rise up to profitability. Investors curse the CEO, they curse the people running the scheme, they even curse out family who said it’s a sure thing.
The only people investors need to curse out can be seen in front of a mirror saying to the reflection “well you did it again you fool”
I hope one day someone at the SEC makes changes to STOP investors who cant stop themselves by regulations and ELIMINATE the DEBT CONVERSION rule that allows unlimited free trading shares to be diluted and generate at least $100,000,000,000 annually from investors who just cant help themselves.
ONE regulation change to STOP the 3(a)10 debt conversion to dilute would shut down all OTC schemes in ONE DAY! But then the same investors would bail on the valid tickers that can make them a good return because its just not enough of a return on your $100 investment and end up in some back ally playing dice. You can stop the markets but investor will always find a new scheme to invest in just for the sake of the risk, gamble and dream. Slot machines, illegal poker rooms, more lotto tickets?
More losses would continue outside of a cleaned up market. I guess if investors want to keep lose money willingly the OTC is the BEST place to do it.
SIGH!
*juse got look. Far and few between but they are out there.
There will be other plays but they all end up the same and investors CONTINUE to keep investing (actually it can't even be considered an investment) it's tossing money into the fire.
Maybe women ARE smarter then men since women don't play the OTC game or spend and lose.
There are always other plays
THIS IS ONE HUGE SCAM!!! Down 99.99% on this POS. What do I have to lose but another .01 LOL
Brick & mortar expansion is NOT a successful business plan. Just increases costs and lowers profitability of this .000001 POS.
Sell them as fast as you can. Might get a dead cat bounce but I dought it.
What I find funny is that on ALL these OTC schemes is investors have this amazing notion that things will be all better when an event is upon us. Mothers day will make it all better for jewelry, 430 will make the MJ stocks all better, Teslas need for batteries will make the lithium stocks all better and so on.
The only aspect of ANY and ALL OTC tickers is not sales, products, fundamentals, structure or even validity, it’s investors who want to believe they have a chance when they deep down know they have no chance.
These stocks do not emerge to make a company thrive and post amazing sales; they EXIST ONLY to sell you worthless shares. The OTC is no more then just a non-regulated, non-government advertising platform where schemes advertise to see who can take more of your money through good old fashioned BS.
The sad part is investors will never stop investing and losing money on these schemes and so they thrive and keep emerging with investors believing they will make it back on the next BIG ticker play.
If BRGO does in fact break record sale against all competitors in a store that is smaller then my kitchen, they will have to sell a $39 pendant and net $100,000,000 worth to get the 10,000,000,000 shares to a market cap of a penny. But the situation is again, WHY sell products when they can make more money selling shares?
The stock is not going to rise anymore, too many issued and in the float. The only thing now is to liquidate the existing debt linked shares with no price increase and once the dilution is over the scheme shuts down.
Maybe, with Mother’s Day being about two months away! They might do some business!
Guess I'll have to sell them for less then .0009 (after the reverse split), which I will do. I would actually like to see how fast this stock can get back to .0001 after the reverse split. It should be fun to watch!
Bronco. AS long as you are OK with the loss (all your investment) hope it was not too much. The problem now or after a reverse split is the shares bought on the bid will be coming from the company not the open market. If they do an RS and the asked is $.01 and the bis $.009, the scheme will allow the brokers to buy debt shares for $.0009 so why would then buy yours or any ones on the bid if they can buy them for 1/10th the bid price from debt converters?
Just wondering, is it better to dump my shares after the reverse split since I cannot get anything for them now? Must admit I feel like a real sucker helping to support his lavish lifestyle while pretty much loosing my whole investment.
"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." giggity
No Not another scam. Big potential.
Well he probably didn’t max out the current share structure yet. Remember he raised the A/S to 10b after he said he was lowering it to 500b after the last reverse.
Unusual to be this late in consummating reverse split. Once announced it is usually 30 days or so and now many months have passed. We are heading to a recession and opening brick and mortar stores seems ludicrous. Trying to create a reasonable balance sheet and pump up the company before the reverse is a lost cause. I got out the first reverse split and never bought stock in BRGO again. It is challenging to know what is off books or finance agreements.
Yeah like selling more shares
$BRGO With the acquisition of the third store, Bergio plans to continue its aggressive expansion strategy by launching more brick-and-mortar stores and acquiring multi-national jewelry chains. By balancing its revenue stream between e-commerce and physical retail, Bergio is well-positioned to capitalize on the growing demand for jewelry and achieve its ambitious growth targets.
Obviously they're still taking care of things related to what happens after the RS...
$BRGO
Still waiting for reverse split! Taking a long time and why wait?
All they did was TAPE a banner on a for rent building, IF it were REAL they would have used cord not tape that would blow the banner off with ONE wind gust down the street. ANYONE can put a banner on any for rent space. The reason BRGO is doing well selling shares it due to the investors. If they DID have the location they wold have put the banner on the INSIDE because they DON'T have a key.....THIS IS ALL the investors fault. Sorry to say.
BRGO and Stuller was just another attempt for a PUMP and DUMP to look legit by latching onto a real company. And the store is also smaller then my daughters bedroom!
WRONG! when Matthew realized his REAL business would be destroyed Matthew backed out. BRGO was trying to latch onto a legit company so they can sell shares on Matthews coat tails and success and when the SHTF and the stock tanks who do you think angry investors would call? Not BRGO they would harass Matthew. I KNOW THIS 100%
Well he did. It was Berge who backed out.
Matthew Stuller would never touch this deal.
He was also this close to a deal with Stullers but didn’t go for it. Either would have made him and his shareholders mad stacks…
Its like this scam, pump and dumpers took a deli with only $40,000 in revenue and created a front for a scam and made it a market cap of $100 million!
IF YOU ALL KEEP buying these scams, they continue to thrive! The problem is (like a junkie) Investors just cant help themselves and just keep buying into them.
I have said it many times! If investors keep throwing money out the window, scammers are right there to pick it up.
NEWS!
Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only a small-town New Jersey deli to its name, federal authorities said Monday.
The men – James Patten, 63, of Winston-Salem, North Carolina; Peter Coker Sr., 80, of Chapel Hill, North Carolina; and Peter Coker Jr., 53, of Hong Kong – were charged with 12 counts, including conspiracy to commit securities fraud, securities fraud and conspiracy to manipulate securities prices. Patten and Coker Sr. were arrested and appeared in a North Carolina court on Monday. They are expected to appear in New Jersey federal court at a later date. Coker Jr. is still at large.
Federal prosecutors said Patten is also charged with four counts of manipulation of securities, four counts of wire fraud, and a count of money laundering. The men were also accused of market manipulation by the U.S. Securities and Exchange Commission. The SEC said its investigation is ongoing.
Coker Jr. was chairman of Hometown International, while Coker Sr. was a major shareholder. There were no lawyers of record for the defendants as of Monday afternoon, according to the U.S. Attorney’s Office in New Jersey.
Your Hometown Deli, the business at the center of the probe, was located in Paulsboro, New Jersey, over the Delaware River from Philadelphia. The deli, lauded for its cheesesteaks and Italian subs, had under $40,000 in annual revenue and closed earlier this year. The parent company, Hometown International, had merged with a bioplastics company. Fellow shell company E-Waste, which shared connections with the deli owner, also merged with another firm last year.
The controversy surrounding Your Hometown Deli and the people involved in it prompted questions about whether its parent company was operating within the law. The accusations also are connected to the men’s involvement in E-Waste.
The $100 million New Jersey deli, as Your Hometown Deli came to be known, was first brought to the public’s attention by investor David Einhorn in a 2021 letter to clients. CNBC reported further on the company, including by unearthing more details about its then-CEO, Paul Morina, a legendary high school wrestling coach in southern New Jersey. Morina was later fired as CEO. An attempt to reach Morina was unsuccessful.
Patten, one of the men charged in the scheme, wrestled in high school with Morina. Prosecutors said Patten convinced the owners of the deli, which was established in 2014, to put it under the control of an umbrella company, called Hometown International.
“Unbeknownst to the deli owners, almost immediately after Hometown International was formed, Patten and his associates began positioning Hometown International as a vehicle for a reverse merger that would yield substantial profit to them,” prosecutors said in a release.
In 2019, Hometown International started selling shares on what’s known as the OTC Marketplace, where stock of small companies is traded.
“Shortly thereafter, Patten, Coker Sr., And Coker Jr. undertook a calculated scheme to gain control of Hometown International’s management and its shares from the deli owners,” prosecutors said. The men took similar actions to take control of E-Waste, prosecutors said. That company’s shares surged, too, even though it didn’t have any real business, according to CNBC reporting.
Prosecutors said the tactics “artificially inflated” the values of Hometown International and E-Waste stock by 939% and 19,900%, respectively.
Must not have been a good deal...
$BRGO
It will be interesting???
Ha ha ha, self funded. It’s funded by BRGO not Bergio. Always
It will be interesting to see what happens once this new store comes online...
$BRGO
$BRGO Bergio invites customers and stockholders to visit its new location and experience the luxury and sophistication that the brand is known for. The store is estimated to open for business this spring of 2023
It’s official our 3rd Brick & Motor store will be opening soon self funded by Bergio $BRGO pic.twitter.com/P5qilMEc6y
— Bergio international (@BergioJewelry) February 28, 2023
$BRGO Tweet...
It’s official our 3rd Brick & Motor store will be opening soon self funded by Bergio $BRGO pic.twitter.com/P5qilMEc6y
— Bergio international (@BergioJewelry) February 28, 2023
Right now 4, but it’s early
How many zeros in the price now?
Yes the stock has reacted stupendously to this stunning news. With 2 stores the company did something like $600k in revenue before the big “acquisitions”. I sell almost that much in rare coins out of my kitchen, and I didn’t ruin countless shareholders in the process.
Excited to see how they will boost revenue.
"This opportunity was presented to us and we reviewed every possibility. We felt very comfortable moving forward with this expansion which aligns with our corporate vision to expand distribution channels, particularly our brick-and-mortar stores, to boost revenue streams, and to serve our local community," stated Berge Abajian, President of Bergio.
$BRGO
Nice to see $BRGO expanding again...
They announced the acquisition of its third brick-and-mortar location in New Jersey.
Excellent $BRGO News...
Located in a prime consumer-dense spot within a bustling community of 25,000, the takeover presents an exciting opportunity for Bergio to broaden its target audience to a wider market and to add to its product offering with its new demi-fine line designed to align with the local market's psychographic and demographic profile. With no other competition in the area, Bergio is well-positioned to capture significant market share and provide customers with easy access to unparalleled high-quality jewelry.
$BRGO FAIRFIELD, NJ / ACCESSWIRE / February 27, 2023 / Bergio International, a globally renowned fine and fashion jewelry brand and US holding corporation, is pleased to announce the acquisition of its third brick-and-mortar location in New Jersey. The company's purchase of a popular jewelry boutique with an illustrious 25 years of craftsmanship marks a significant milestone in Bergio's overall growth strategy to expand its brick-and-mortar footprint and accelerate its revenue stream for both digital e-commerce and physical retail stores.
Located in a prime consumer-dense spot within a bustling community of 25,000, the takeover presents an exciting opportunity for Bergio to broaden its target audience to a wider market and to add to its product offering with its new demi-fine line designed to align with the local market's psychographic and demographic profile. With no other competition in the area, Bergio is well-positioned to capture significant market share and provide customers with easy access to unparalleled high-quality jewelry.
"This opportunity was presented to us and we reviewed every possibility. We felt very comfortable moving forward with this expansion which aligns with our corporate vision to expand distribution channels, particularly our brick-and-mortar stores, to boost revenue streams, and to serve our local community," stated Berge Abajian, President of Bergio. "We are thrilled to bring our luxury jewelry offerings to this new market and offer our customers a unique and unforgettable shopping experience."
He continued, "Our goal is to make sure we have a strong presence in every market and every demographic. We know how important it is to have an online presence, but we also understand that customers want to shop in person as well. That's why we want to open up more locations like this one and expand our portfolio of products."
With the acquisition of the third store, Bergio plans to continue its aggressive expansion strategy by launching more brick-and-mortar stores and acquiring multi-national jewelry chains. By balancing its revenue stream between e-commerce and physical retail, Bergio is well-positioned to capitalize on the growing demand for jewelry and achieve its ambitious growth targets.
Bergio invites customers and stockholders to visit its new location and experience the luxury and sophistication that the brand is known for. The store is estimated to open for business this spring of 2023 and will offer customers a wide array of stunning demi-fine and fine jewelry including original pieces only available at this location.
About Bergio International, Inc.
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, Bergio's 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, 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 Bergio brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000. For further information, please visit www.bergio.com.
This press release includes forward-looking statements regarding our business strategy and plans as well as expectations of future growth, all of which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical in nature and include those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the U.S. Securities and Exchange Commission, including those detailed under the caption "Risk Factors" in our Annual Report for the year ended December 31, 2019 filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the "Act") protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Relations:
John Guercio
jpguercio@aol.com
(845) 216-3100
SOURCE: Bergio International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/740661/Bergio-Expands-Brick-and-Mortar-Footprint-with-Strategic-Acquisition-To-Broaden-Revenue-Stream
$BRGO is pleased to announce the acquisition of its third brick-and-mortar location in New Jersey.
$BRGO News! Bergio Expands Brick and Mortar Footprint with Strategic Acquisition To Broaden Revenue Stream https://t.co/m1hxLt1Qaa@frontpagestocks #FrontPageStocks $MJLB $SMME $ZAAG $GTVH $SNPW $CDSG $CYCA $ACGX $ASRE $IVDN $SNPW $GMPR $CURR $NGTF pic.twitter.com/xZLnDiJwwp
— Stocks On High ALert💯 (@StockOnHighALer) February 27, 2023
Bergio International, Inc.
Mon, February 27, 2023 at 10:55 AM EST·4 min read
In this article:
BRGO
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FAIRFIELD, NJ / ACCESSWIRE / February 27, 2023 / Bergio International, a globally renowned fine and fashion jewelry brand and US holding corporation, is pleased to announce the acquisition of its third brick-and-mortar location in New Jersey. The company's purchase of a popular jewelry boutique with an illustrious 25 years of craftsmanship marks a significant milestone in Bergio's overall growth strategy to expand its brick-and-mortar footprint and accelerate its revenue stream for both digital e-commerce and physical retail stores.
Bergio International, Inc., Monday, February 27, 2023, Press release picture
Bergio International, Inc., Monday, February 27, 2023, Press release picture
Located in a prime consumer-dense spot within a bustling community of 25,000, the takeover presents an exciting opportunity for Bergio to broaden its target audience to a wider market and to add to its product offering with its new demi-fine line designed to align with the local market's psychographic and demographic profile. With no other competition in the area, Bergio is well-positioned to capture significant market share and provide customers with easy access to unparalleled high-quality jewelry.
"This opportunity was presented to us and we reviewed every possibility. We felt very comfortable moving forward with this expansion which aligns with our corporate vision to expand distribution channels, particularly our brick-and-mortar stores, to boost revenue streams, and to serve our local community," stated Berge Abajian, President of Bergio. "We are thrilled to bring our luxury jewelry offerings to this new market and offer our customers a unique and unforgettable shopping experience."
He continued, "Our goal is to make sure we have a strong presence in every market and every demographic. We know how important it is to have an online presence, but we also understand that customers want to shop in person as well. That's why we want to open up more locations like this one and expand our portfolio of products."
With the acquisition of the third store, Bergio plans to continue its aggressive expansion strategy by launching more brick-and-mortar stores and acquiring multi-national jewelry chains. By balancing its revenue stream between e-commerce and physical retail, Bergio is well-positioned to capitalize on the growing demand for jewelry and achieve its ambitious growth targets.
Bergio invites customers and stockholders to visit its new location and experience the luxury and sophistication that the brand is known for. The store is estimated to open for business this spring of 2023 and will offer customers a wide array of stunning demi-fine and fine jewelry including original pieces only available at this location.
About Bergio International, Inc.
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, Bergio's 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, 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 Bergio brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000. For further information, please visit www.bergio.com.
This press release includes forward-looking statements regarding our business strategy and plans as well as expectations of future growth, all of which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical in nature and include those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the U.S. Securities and Exchange Commission, including those detailed under the caption "Risk Factors" in our Annual Report for the year ended December 31, 2019 filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the "Act") protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Relations:
John Guercio
jpguercio@aol.com
(845) 216-3100
SOURCE: Bergio International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/740661/Bergio-Expands-Brick-and-Mortar-Footprint-with-Strategic-Acquisition-To-Broaden-Revenue-Stream
$BRGO News! Bergio Expands Brick and Mortar Footprint with Strategic Acquisition To Broaden Revenue Stream https://finance.yahoo.com/news/bergio-expands-brick-mortar-footprint-155500499.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
$BRGO News Out! Bergio Expands Brick and Mortar Footprint with Strategic Acquisition To Broaden Revenue Stream https://finance.yahoo.com/news/bergio-expands-brick-mortar-footprint-155500499.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
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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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