My posts are only my opinion. Everyone approaches investing/trading from their own angle. Please do your own DD and make your own decisions. GLTA!
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Talked, emailed and texted many many times over the years. Very sincere and reassuring...and then he does what he does.
Yes, wonderful. I am honored to have been called out as a conspiracy theorist. With all these great things happening why is the stock continuing to drop? Why won’t Berge post the O/S?
Stock is down 80% from its recent high. All this happened AFTER the string of great news releases. Anyone wonder who Berge is playing for? It’s not you.
So who’s selling?
It immediately went to .0074 when news dropped then sold off. Something as huge as a buy back and the stock should have doubled easily today. Most times when CEO drops news it benefits the note holders, the shareholders not so much.
So with today’s great news and Berge close to a cure for cancer and covid, why is it tanking today?
This is great news. So who’s selling?
Right on both scores.
Sometimes I’m shocked as well. But I played the pops between the r/s’s and continue to do so. No way I’ll be caught holding. I learned my lesson a long time ago.
Probably good to trade because Berge is actively promoting for a change. He’s paying off loans with more loans though and revenue hasn’t improved enough to pay off the new loans. So imho not a good “investment”.
Look at the tweet history. Berge gave himself the 17m shares a year ago. In every filing since, they’re listed as common shares despite the fact that he says that they are restricted.
Nope but O/S is already 12m higher than the 10Q stated. So the claim of no dilution is a lie.
With “only” 83m in the o/s that means he must only have 6m of the 17m “restricted” common shares he gave himself left. Which means the crowing he did about getting $500k in debt off the company books means that he just transferred it to shareholders.
It would be if someone wasn’t dumping millions of shares. If it’s not a convertible, maybe it’s Berge. He gave himself 17m shares to pay off the debt the company owes him. He claims they were restricted shares but every filing since shows they were commons.
Nice sell off again this morning on great news. But it’s not dilution, it’s profit-taking right?
Well the CEO said there was none, so there’s that. And 8% dilution in a few weeks is significant. So there’s that on top.
Right only 8% more dilution than he said there was. Plus two new notes, three more regular loans plus an SBA loan. With $137K in quarterly sales, how will he pay the conventional loan principles?
But what if the dumb ask the CEO about an r/s, and he says there is no r/s, one day after he actually filed for one? That actually happened here...twice.
9/2019, it was 1/10,000. Stock has fallen 99.3% since the reverse.
I wouldn’t be too excited by the 10Q. A recent PR said revenues were steady with last year, which Q3 was ~$138K. The big $388k profit everyone was screaming about was the write down for the delinquent Iliad note.
Lot of shares dumped since then. I will almost guarantee the O/S is significantly higher.
How’s that slap going? I’ve been asking the CEO to post the O/S periodically to ensure the stock is not being diluted. If it’s true, I’d think he’d be eager to comply. No reply as yet.
Or maybe debt holders dumped their shares.
The company is real enough, a mom and pop jewelry firm with about $600K annual revenues. And I don't doubt the PR was true, but it was a setup to allow either the CEO himself or someone he owes money to, to dump 10s of millions of shares on the newest set of bagholders.
So am I the only one who gets the irony that the CEO used a PR trumpeting the lowering of the A/S and the end of dilution, all in the name of helping noteholders dilute the company?
Didn’t say the PR was false, my point is he didn’t drop it for the shareholders’ benefit. It was so his note holders could dump their shares when there were a lot of buyers to grab them. One of the CEO’s great talents is creating bag holders. He got a bunch yesterday.
And it doesn’t concern you that people that bought at .0238 today are down nearly 60% from this morning? The PR was not to benefit shareholders it was to benefit note holders.
Very well thought out and chocked with information reply.
You can think that. Again I ask, who sold 10s of millions of shares today, tanking the price? From all the yelling and screaming I’ll hazard it wasn’t investors.
Ha ha ha ha ha, funniest post of the day. Here’s one: he announced a 1/1000 reverse split in 2014 on a Friday. The day before the PR came out, he swore to one of the shareholders that he had no plans to reverse split. Sometimes when we asked him a question and he couldn’t give us an answer, he’d ignore the question, which is fine. But he swore to the share holder that he wasn’t reverse splitting. He had actually already done it before that day. Imagine our surprise. I have more stories than that.
Ha ha ha. If you knew him as I do, you’d understand. What happened to the share price today, on gigantic volume, and why? If you know the answer to that you’d see that I am holding him accountable for his actions.
Yup, I saw many 10k blocks on the ask when big sell volume came today. Typical of this CEO, release news when his convertible partner is ready to sell. They get their profit and BRGO gets itself some new bag holders. You can make money here but you have to move quickly and not get too greedy.
The constant 10k share blocks showing on the ask would indicate it is a noteholder selling.
And I’m extremely gruntled thank you very much.
Ha ha you don’t get anything. I know this company probably better than the CEO does.
Wow that’s only a 100% lie from the 500m he posted he was doing when he reverse split us last year. Impressive.
Already got guidance on revenue on last weeks “record profit” PR. He said it was in line with last year, which was $137k for the third quarter. The 10Q is due at the end of next week.
No leakage. CEO tweeted there will be a PR tomorrow.