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Never hurts to get new complaints but many have already filed very detailed complaints over past decade ..
SEC just too busy i guess even for guys that lie in 10-qs and lie to investors
Make a REAL difference:
Want to make a real difference? Catch some fraud? Then start here today
click the link & begin...
https://www.sec.gov/whistleblower/submit-a-tip
From Berge's Greatest Hits:
https://twitter.com/Crypto__Phantom/status/1544814148890116096?s=20&t=04vSSechZ8MGOIswM8USsw
Unbelievable how this conman lies straight to investors during the Emerging Growth Conference. SMH
Just do dd and read his 10-q's
Ridiculous expenses for advertising you never see etc etc etc
Math doesn't lie his expenses are totally unjustified
This is his atm ?? machine and unlike conventional financing he doesn't have to owe anyone anything ??
Berge Abajian is a serial conman CEO of BRGO for many years. He kept scamming his shareholders for over a decade. He has no employee and he is running everything by himself so that there are no witnesses. He even awarded himself 500 mil shares that he can dump anytime but he wont cos he is cooking the books by writing off operating expenses, and hidden costs. Just check his history and you will understand why shareholders are upset because they have been fooled, betrayed and scamned. He has been using them as his peggy bank without even giving back in return. He could not care less if they lose all their investments. No amount of revenue will benefit his shareholders because he has one goal in mind, that is to scam his shareholders. If you pay attention closely, every good news he put out was met with massive dilution just like yesterday. He just recycle the same news several times to entice new victims.
- S-8 Registration coming: Adding 1 Billion Shares
- Per 10Q filed on 05/06/2022 Berge already had Authorized Shares increase from 6 Billion to 9 Billion shares + 1 Billion shares being added per S-8 Reg soon.
https://www.otcmarkets.com/filing/html?id=15795605&guid=Ienwkq9KoR73xoh
August 2021, S-1 Registration, CEO Abajian stated "With the close of the current registration, dilution is expected to tremendously slow down as Bergio further increases revenue and profits from operations. This should yield a favorable impact on stock prices."
https://finance.yahoo.com/news/bergio-international-announces-closing-s1-120000002.html
***Added 500 Million Shares were added on 08/26/2021 and then dumped. Stock tanked from $.0072 down to $.0013 (over a few months of selling on lower volume)
- March 8, 2022: Berge Abajian, CEO of Bergio International stated, "Now that all 3 notes have been fully paid, dilution will decrease drastically which should positively reflect on the stock price going forward." (Stock price tanked from $.0013 down to $.0004) = pretty much where it still is 4 months later after more & more dilution and the S-8 Registration (1 Billion shares) is coming. Plus Authorized Share increase to 9 Billion Shares?
https://finance.yahoo.com/news/bergio-international-reports-jp-carey-130000404.html
It has been 4 months since CEO Berge Abajian stated dilution was about done. In interview recently CEO, Berge Abajian, stated "don't be surprised when the S-8 Registration is filed."
S-8 Reg = Addition of 1 Billion shares to Outstanding Shares + Float increases by 1 Billion when issued.
Share price trades $.0004-$.0013 (now for ~3 months straight).
***Just keep in mind E*Trade Plus TDA charts are not showing accurate info. I have screenshots verifying them messing with their charts. All info in this message are backed up by factual info with real-time screenshots/news articles.
Good Luck though...
Looks to me like the news is helping the diluters, no?
Negative Banter. TRUE OR FALSE helps no one. End of 2nd qtr is June 30 he has 45 days to report 2nd qtr earnings. Focus on mid AUG. Just chillin till then. GLTA
Per last 10q it’s 9b now
Still shows 6 billion A/S per OTC website.....
Except dilution is never “behind it”. There’s a reason why he upped the A/S from 3b to 6b to 9b in the last few months.
news dilution behind it can move now https://www.otcmarkets.com/stock/BRGO/news/story?e&id=2254988
News - July 5. Bergio International’s B2B Gearbubble Brand Launches First Direct To Amazon Technology For Jewelry Niche.
https://finance.yahoo.com/news/bergio-international-b2b-gearbubble-brand-120000836.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAAG3CaTO3du38R-2eo96JtPNy9iAGAtcWPXRcSaKvLzDLr2ZzuVbbct9t-4H7NAL7DDEF5pscliuYP6BIRNCeI5sBYwIbwwXQcdOUt9X9KjpdL28g4kM6epWop6bcvd5P6LrVyio6jxJk5xDC5iWkVmL9TMyYsf5ncFFC82b4fElu
BRGO Facts vs. Fiction
https://twitter.com/Crypto__Phantom/status/1544121329586016256?s=20&t=L_z_f_erWH7DiDKpOGXLsA
BRGO S-8 Registration "employee stock option plan" 1 BILLION SHARES
1 Billion Shares. Who do the screenshots show those 1 Billion shares are being awarded to?
Berge Abajian awarding as much as 1 Billion shares to himself for an employee award? For what? Doing his job? Awarding himself shares while his stock trades $.0004/$.0005? A publicly traded entity? While company is still at least at a $1.6 Million NET LOSS?
“Stock Option Plan for employees”
Berge Abajian:
?CEO
?PEO
?"Executive"
?ONLY Board Member w/51% vote
?aka pretty much “sole stock option recipient”
S-8 Reg ?? per CEO Abajian
1B Outstanding/Unrestricted Shares Offering
Berge Abajian = CEO/PEO/"Executive"/Sole Board Member?
***You can listen to others' comments with zero evidence to support their opinions/statements on iHUB, Stocktwits, Twitter, Reddit, Facebook, TikTok. You can freely listen to them, as is customary in a democracy, or you can actually look at the facts and the evidence. It's stacked to one side...can you see it?
A lot of Traders are missing the point
On the potential with $BRGO
YES IT HAS MADE A SIGNIFICANT DROP.
But to me I find these massive drop as a
Cleansing process for the company
Others refer to it as Rinse and Repeat.
Due to state of the economy
Many people are looking for ways to protect themselves from a declining dollar
So their getting assets they can physically hold for examples Rolex,Jewelry,etc
So $BRGO is in good space we’re the next
Quarter could be very profitable .
Let’s go $BRGO
ELGORDOODAMUS
HAPPY 4th to All!!!!
I guess we shall see? I have plenty of patience in this game so I will be right here waiting for the blood to be squeezed from the rock
This is hilarious... The SCE mafia and crew set the rules that allow what you call fraud to occur. Its stupid to worry or take action because they will do what ever the F they want regardless. I focus on how I can better myself...its not my place to judge others for their choices.
GLTA
The facts of BRGO fraud and why it exists:
Those of you who pump BRGO, even knowing all the info I've posted and ALL the fraud that goes with it is fact, is the single biggest reason why fraud exists to the extent it does in the OTC Markets. You all actually have the power to combat the fraud that occurs in the OTC Markets. The sad thing is you don't believe so it'll NEVER happen. The fraud will remain and probably get worse because you turn a blind eye to it, instead of being proactive and reactive and not allowing it to continue. You have the power to provide the facts, show the fraud, and expose Berge Abajian and BRGO for the fraud being committed. You can legally deter others from making the big mistake of buying this ticker. If you are in it and bagged, learn from this experience. If you won't acknowledge the fact you made a big mistake, hold yourselves accountable, and help others by identifying the frauds, singling them out for everyone to see, so they know what stocks and people to avoid like the plague.
You can do that or you can allow it to continue, hoping you make money and get lucky and picks some OTC plays that run. But in reality you could stack the odds legally in your favor by calling out the fraud, exposing it for everyone to see, and cleaning up the markets yourselves since the SEC doesn't seem to want to help as much as they should. You all can be the difference but you actually have to try and put in some REAL work. Strength in numbers. SHRUG
Remember something. Garbage promotes Garbage and that's a fact Jack.
You want better? Be Better.
Oh you have stocks that you've been in for awhile that have the Transfer Agent Verified but the Profile isn't Verified plus it's Pink Current or OTCQB?
List them ALL here. I'll be sure to go check them out and give them a look.
A long post doesn’t make you correct! Let’s go BRGO!!!!
He has been doing the same thing for over 10 years!! I have no doubt he's diluting but the process by which you are using is bull!! I have personal stocks that aren't verified up to date yet they have no dilution!!
@ manspider
Screenshotting your message for later...for when Berge does complete the Reverse Split (without it ever running hard), and you NEVER see the run in this Bear market.
After he completes the Reverse Split, make sure to "HOLD" while it drops from wherever he does the Reverse Split to (hopefully $.50 or higher), so you can watch it tumble all the way back down.
This is going to be classic.
Wow … long explanation but always remember the OTC works in weird ways! BERGE is a criminal in some eyes but he is doing nothing different than most CEO’s in “Stinky Pinky” land! This will run and people who lost their asses will have a chance to unload or in my case make $$ TiC ToC
@ jbgoods
In the OTC Markets (especially tickers priced near the bottom) when companies have their Transfer Agent Verified but their Profile is NOT Verified (such as BRGO) this is one of the key indicators for more dilution coming. It's evident and has happened 90+% of all companies I've tracked over the past year.
Don't believe me, go watch when a company has their Transfer Agent Verified but their Profile is NOT Verified on OTC Markets website for an extended time. Dilution ramps up. Especially when certain individuals enter the stock such as the Canouses (Joseph (Joe), Jeffrey, James (Jim), John (Jack) , Stephen (Steve) M. Hicks, Alexander (Alex) Dillon, & Paul Strickland (doesn't change his name but is usually in as many as 10 tickers at a time). It's extremely evident. They try to hide their names too by changing it up on filings.
Watch closely over these next 6 months and make a list of companies that do this and then dilute or don't dilute. Make a list of all the Reverse Splits and look back at their dilution and how Canouse, Hicks, Dillon, & sometimes Strickland is involved in the dilution of companies.
As the majority of them begin to complete massive dilution or continue dilution, make a list. I guarantee you it'll show that 90+% of them are diluting. Many Reverse Splits coming in OTC Markets too. This isn't regular dilution either, it's very abusive and fraudulent dilution.
In fact, they already have been. At least 15-20 tickers that have massively diluted/RS'd so far in the past 6 months. There's probably another 15-20 coming in the next 90-120 days. It'll be tickers that crush people too. Ones that they didn't expect or see coming. Then they'll all see how much of a scam it really was with all of these individuals.
Pay attention to PHIL HPIL TGGI BRGO and some others. It's coming. Mark my words on that. Many about to get destroyed because they didn't do the research and put in the time & work they should have.
RNVA MMEX BBRW TMGI APYP TWOH GAXY HCMC FTXP GTEH CZNI BRYYF GNCP + many more...
It is not sketchy. Proof is there. BRGO company profile has not been Verified on OTC Markets since January 1, 2022 (NOW JULY 3) = OVER 7 months & dilution hasn't stopped. S-8 registration with 1 Billion share offering coming unless Berge Abajian gets scared and rushes his plans to ACTUALLY complete the Reverse Split. He is worried you can bet on that and for good reason. I have exposed him and he's sitting there thinking, "wow he got me." "What can I do to manipulate this stock so I can cash out more without having to do a Reverse Split?"
You see that's what happens when you catch the fraud and expose them in real-time in public view for everyone to see. They go back to the drawing board and have to think of a new way to commit fraud.
Example: (This section pertains to showing what BRGO will do, it's just a quick example)
This same thing happened with GAXY = Galaxy Next Generation. I called their lawyer and told her I knew they were working with a well-know toxic lending fraudulent scam artist in Alexander Dillon of GPL Ventures LLC. GAXY was intending to issue them hundreds of millions of shares (500 Million if I'm not mistaken) and I called the lawyer and told her I knew of their scheme. The very next day they rescinded that offering from GPL Ventures LLC and the stock ran up to $.0131. Then they went and completed a sneaky Reverse Split behind investors' backs and came back and apologized days later. Because I caught and exposed them in real-time. Now Berge Abajian has been exposed and believe me, he's scared and nervous. Has no idea what he'll do but I bet you he moves up that Reverse Split and claims he nailed a big acquisition. That will be his excuse for completing Reverse Split. They claimed they had to keep their OTCQB status (which was a very poor excuse to do a Reverse Split by Magen McGahee).
Alexander Dillon = GPL VENTURES LLC + BLACKRIDGE CAPITAL (Canouse & Dillon are on WNBD balance sheet under 6 total companies when combined).
Filing dated 08/
Alexander Dillon https://www.sec.gov/litigation/litreleases/2021/lr25169.htm
Alexander Dillon https://casetext.com/case/sec-exch-commn-v-gpl-ventures-llc-2
Go check OTC Markets and Google for yourselves. It's a dilution scam. And a way for companies to complete Reverse Splits and try to give legitimate excuses.
Also, it is pretty much a certainty that when a CEO like Berge Abajian brings people onto his balance sheet like Joseph C. Canouse & Stephen M. Hicks, dilution ramps up.
Go look at these tickers that have one or both of the individuals above on their balance sheets and/or running the company. There's no flaw in my "theory", the evidence is already there. You just have to put in the time and do the research. Notice how I'm the one dropping websites, exact names, dates, events, and connections? Where are your facts? Just short argumentative statements that hold no water. No facts, nothing. I'm right and you're wrong.
NECA
HVCW
WNBD
BRGO
and many more...
Canouses trade/toxic lend under unregistered companies too.
Joseph Canouse https://www.linkedin.com/in/joseph-canouse-7537a745
James Canouse https://www.linkedin.com/in/james-canouse-009b714
Companies listed (Past & Present) under Canouses:
- J. P. Carey Partners Limited LP (BRGO)
- J. P. Carey Enterprises Inc. (BRGO)
- J. P. Carey Inc. (MANY)
- Carpathia LLC (WNBD + MORE)
- Machiavelli (WNBD + MORE)
- JPC Capital Partners Inc.
- J. P. Securities, Inc.
- JAHOCO LLC
+more I'm sure...
***BRGO has two of Joseph C. Canouse ran companies on the balance sheet. Abajian has allowed Canouse to use two different companies on BRGO's balance sheet dating back to January 2021. Then began heavily diluting the stock after February's run to $.06*** (Canouse's entry to BRGO occurred just 5 days (exactly) prior to the run from $.0072 up to $.06). Coincidence? Not a chance.
BRGO filed the SC 13G (below) on 01/28/2021. Just 6 days prior to BRGO beginning its massive run from $.0072 up to $.06 (then it tanked & NEVER rose to those heights, or anywhere near there again; it just continued to tank all the way back to $.0004 where it sits now). With more & more dilution stacking up all the time. Can't refute the facts and those ARE the facts.
SC 13G - 01/28/2021
https://www.otcmarkets.com/filing/html?id=14653015&guid=TtnwkKI3pdwfJth
Also, go check stock prices since Canouse or Hicks came on board of all of these companies. After ALL of their first major runs they get dumped and heavily diluted until they're sitting right back at $.0001 or very close (BRGO @ $.0004 & you can bet it goes lower once those 1 Billion shares get dropped from the S-8 registration; WNBD at $.0005/$.0006). None of these tickers are running with their massive amounts of Authorized Shares + Dilution of Outstanding/Unrestricted (Float) Shares.
All become complete garbage once Canouse/Hicks gets ahold of the ticker. Dilution, dilution, dilution, then Reverse Splits. They all conspire together in MOST instances.
As Berge would say "it's all rubbish" & "The ONLY one you should listen to is me." His own words going against him. LMAO
If you're still in this ticker...SMH
The profile not being verified means dilution? Can you please explain that? Thx
A looked at a few stocks it seems your dilution/ verified theory is a little sketchy!!
$BRGO dilution is still happening. Anytime you look on OTC Markets and you see the Transfer Agent (TA) Verified and the Profile is NOT Verified, that pretty much means dilution is still ongoing & hasn't stopped. Think about this, since January 1, 2022 the Profile has NOT been Verified and dilution has occurred and the price has dropped further and further down. Profile has not been Verified for over 7 months now as of today.
Back to $.0004 and probably even lower soon. You all that are in this and keep buying...hate to say it but "that run is NEVER coming." Berge will make up some lame excuse (NASDAQ or "big" acquisition) to sucker people in to buy so he can dump those billion shares on you, then worse, complete another Reverse Split (4th RS for company in last 13 years). BRGO is a terrible company where the CEO lines his pockets through dilution scams with Canouse & Hicks.
And Berge Abajian is about to post the S-8 Registration any day now (his own words from the interview not long ago) for 1 Billion Shares.
That same S-8 is the one notated in the filings showing Berge Abajian is set to award himself more shares than before (up to 1 Billion total). That'll be another billion added to the Outstanding & Unrestricted Shares (increasing the Float by 1 Billion). You all will be fighting an uphill battle and every time you try to pump/push this ticker up it'll feel like you're stuck in the mud spinning your wheels. It'll never go.
Berge Abajian literally stated in that same interview that while BRGO has been a publicly traded company for 13 years, Abajian said "I have not sold one share." Now who believes there are ANY OTC CEO's/companies where the CEO hasn't sold one share? Being around for 13 years as CEO & Berge Abajian hasn't sold a single share? Really? That's a bunch of BS. You'd have to be really dumb and naive to believe such a lie.
Let's not forget the 3 previous Reverse Splits, completed 3 to 4 years apart, with a 4th RS on the way before too much longer IMO (sometime 2022/2023). All the while Abajian and his toxic lenders (Joseph C. Canouse & Stephen M. Hicks) dumped hundreds of millions of shares (if not Billions combined, technically) onto shareholders driving the price all the way from $.0070 down to $.0004
Go back and check the press releases dated in August 2021 and March 2022. Berge stated numerous times that dilution would "drastically slow down" or "slow down tremendously", and that it would be over shortly. The man is still diluting the stock. I don't care what OTCM says as of today. He's diluting and more and more will get added to the Outstanding and Unrestricted Shares (i.e. The Float). It's inevitable at this point. S-8 Registration Offering of 1 Billion Shares still coming, so that right there shows you the stock will be diluted by a minimum 25% more of what it is already (making it over 4 Billion shares total).
And no volume traded (like early yesterday/Friday) does not mean no more dilution is happening. It just means Abajian isn't bid dumping and it means no one wants to buy the POS stock because EVERYONE knows it's blatant fraud. Ask majority of people about BRGO and first words out of their mouth are "Berge is a fraud."
Berge Abajian = Con artist = dilution scam artist in OTC Markets
Always seems to happen right after the updated O/S is posted.
Well, there it is…
Yes that’s obvious, however there has been no signs of dilution in the last several weeks, yet people claim it’s happening still.
Yes, dilution. It’s how we went from an O/S of 592k and $1/share to 3b+ and .0005 since the last reverse split.
And so many screaming dilution…?! Lmao ok
BRGO has literally not one share traded on it so far today!!!
0 trade volume for BRGO after market being open for nearly 3 hours.
Give me a break. Yeah go time it. LMFAO Smart people and smart money dumped this POS years ago never to trade it again.
The chart disagrees!! You can't time it!! You also can't try 10 years ago and give up!! Go trade the bigger stocks and lose to them with a smile!! It's all the same!!
First of all it's way more than 10 years and virtually no one made money in this POS. I haven't held shares in 10 years and never will again. No one times the market perfectly. So I don't want to hear how some made so much money in this POS. LOL The vast majority lost money as this heads toward yet another reverse split.
It's all legal!! You are deciding to invest!! He's been in business for over 10 years and I'm sure his council has told him the guidelines!! There's a reason they let these stocks return amazing gains if you catch them at the right time!! A year and some change earlier and you could have made some major coins courtesy of BRGO!!
$BRGO Share Structure - Updated June 29, 2022
Authorized Shares: 6,000,000,000
Outstanding Shares: 3,067,698,069
Yep took the 10k L and sold at .001 Not looking good unless you want a 1 tic flip, that's about it.
You are right. He never bought a single share of his stock. In fact, this animal awarded himself 500mil shares. He said the board members have awarded him these shares because of the work he had done. What the F@$$%^ing board he's talking about? He is the only.person running this company for many years already and no one else. This CEO only does one thing, that is to intentionally defraud and his honest shareholders and that's the reason why he doesn't want to hire anybody to avoid a whistleblower. This Armenian criminal Berge Abajian has been doing this for many years. He is a criminal in a grandeur scale. No OTC CEO has done what he did, two reversed split and the stock still hitting all time low and the company still losing money. Even worse this time because apparently all that revenue and the shareholders money that he stole, just went straight into his pocket. He is a disgusting piece of shit human trash. He is worst than Bernie Madoff, at least that guy repent himself in prison but this guy Berge Abajian is still on the loose scamming people for over a decade. He is a total trash.
My last BRGO share was bought by me over 10 years ago. I dumped it then and would never touch it again. Plain and simple, Berge the CEO, is a crook with no conscience. He has continued defrauding investors year after year. Everything is on the shareholder's dime and he never buys shares in the open market of his own company. What does that tell you? What he might be doing may even be legal but the SEC has to shut this one down. The next reverse split will happen sooner than later and the dilution will continue.
BERGE IS SCUM..DILUTIVE PURE SELF CENTERED SCUM
$BRGO Retail is getting crushed and by the end of Fourth Quarter 2022 (Q4), jewelry businesses such as Berge's that are in Walmarts or on Amazon will get pummeled. I told you inflation/recession was going to decimate BRGO's gross sales/revenues in 2022.
BRGO is way below pace to even hit $12 Million this year. And the S-8 Registration is dropping any day now, with 1 Billion Shares in it. Better go read that filing on the S-8 Registration in the filing on 05/06/2022. It shows where those shares are going.
Check out this tweet by Provident financial who just dropped stats on how food & gasoline soaring prices are showing people cutting back on un-needed expenses
aka Jewelry = not good
Provident Bank, based in New Jersey, found that 83% of respondents slashed personal spending due to soaring prices of food and gasoline, with 23% indicating they had to make "drastic changes" to their spending for financial survival.
— unusual_whales (@unusual_whales) June 29, 2022
I warned by a couple of investors who lost money money here not to invest because the CEO is a scammer/criminal but i didn't listen because i thought he is a changed person after 2 reversed split in which all his loyal investors have been.wiped out. I thought he will redeem himself but theres no redeeming for this conman Berge Abajian, the CEO of BRGO is a criminal. All he does is lying to investors so that he can continue stealing their hard-earned money. This animal should be deported back to Armenia and be banned from coming to the US. He is only in the US so that he can scam more money here because he knows his fraudulent activities doesnt work in Armenia. This guy is a criminal and a serial thief. He has been reported to SEC and i hope they will arrest him for running a scam. He has no credibility and all he does is lying and diluting the stock. He is a total garbage, a very dishonest CEO. He doesnt care what you think as long he gets all your money. I can't name of any CEO who is worst than this animal who kept scamming small investors. He is the worst of all . He is a total piece of shit human garbage. His family and friends should stay away from him and disown this garbage of humanity
BRGO S-8 Registration info (S-8 will be dropped soon on OTC Markets per CEO)
Take a closer look at this. CEO Berge Abajian. This is not looking good at all.
https://twitter.com/Lore_of_Trading/status/1542050814251962368?s=20&t=ePjC-V35F_4knrRlwa10og
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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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