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Why the Wholesaler deal is a BIG DEAL for Bergio:
Link: http://wiki.advfn.com/en/BRGO_InvestorCalls_20130829
Question #8:If an exclusive deal is made with the 8k wholesaler, will this exclude shopNBC from selling Faccia y Faccia? Or is the exclusiveness relative to the manufacturing process/materials rather than the mold itself?
Answer #8: The wholesaler is one of the biggest guys in the country. It is not 8000 stores, it is 40,000 stores worldwide. I flew to him about 2 months ago, we had 2 conference calls, and now 9/24,25,26 I'm flying down there, he wants to talk to me one-on-one. And this not the VP, this is the owner and CEO. One day I'm sitting with the owner, who wants the whole day to talk to me. I have no idea what is in his mind. We've been talking back and forth, he loves Bergio he wants to do something, he wants to do something with faccia a faccia. That is why I have been holding back on faccia a faccia, I am holding back to see what the whole outcome of this is. This could be huge or it could be nothing. I will post on it the minute I have something, but I can tell you this: I flew there and sat with him, and had 2 conference calls and now I am going down there 9/24/25 and return 9/26. We are dealing with the 2 largest people in this industry, Sterling and this wholesaler. I can give his name yet, it is very sensitive and he doesn't want his name yet. Still we agree and we will sign something. I don't know what we're going to agree yet because a lot of things were on the table and I don't know what angle we're going to come from. I told him on my last conference call I cannot go back and forth any more, what do you want to do. Hopefully with this trip we can come to some direction what he has in find. My plate is full, I am flying to Moscow 9/11, be back the 18th. I am flying to Armenia and Moscow 10/23 and back the 31st. This time the show in Armenia will be done by Bergio-USA, no more Bergio-Estet. I am selling product from US to Armenia to sell direct because my partner Gagik is bringing 100 retailers from Moscow to buy. I need the income here, we need to sell our product, I have a lot of product.
Yet again, he addressed this question:
Question #19: Would you consider converting your preferred shares to common in order to show a gesture of goodwill that you're confident the common shares are way undervalued?
Answer #19: I don't have anything to do with the market. I don't dump shares. I have 7M shares for the last 3 years. I don't want people to think I have 500M shares and am dumping shares. The derivative liability is because the stock shot up so much, when it went down you had to account for the gap accounting. Next Q it will go down from $1.4M to $150-200K. It is all non-cash expenses.
Wrong yet again, Berge answered this very question in our last conference call:
And still no answer from the great Berge why he didn't load up on his own stock at .0002 and .0003. Why does a CEO own virtually none of his own common stock, especially at these prices? That's the real important question which is always avoided!!!!!!!!!!!!!!
Question#18: With the share price being so low, would you consider doing a share buy back to reduce the number of shares outstanding?
Answer #18 (Berge): I will let you answer that question. If you had $200K in the company, would you rather do a share buyback or should I leave it in the company as working capital? Share buyback is good when you are General Electric, they are a big company and they dilute every day because it is a big company you feel it. A smaller company is more scrutinized. I keep pushing the bottom line and I feel eventually the stock price will reflect the bottom line.
If we had more notes coming, I'd be much more concerned about the number of shares. But we don't. I'm not thrilled with where the a/s count will be when we get the next count. It's certainly not a major hurdle and we have the *potential* to go well over .01 beyond June (.001-.005 sooner). We all know that as the noteholder selling subsides, this can turn quite rapidly. A PR that "All notes have Converted" would be our GREEN LIGHT. Can't say when we'll see it, but it's coming as Krony kindly asked the right questions to Berge.
That PR alone will let change the tone on this board. Heck, even thigh guy picked up 42.5m today (yeah right). Dump is still digging for gold. We see the above PR, BAM! We see a wholesaler deal PR, BANG! Solid financials another BAM-BANG. Good days ahead and may be here sooner than we think, GO BRGO!
LOL, yeah right. Here come THIGH .0001's and no bid.
* IT's A JOKE GUYS *
Welcome back Dan and congrats on your other plays!
Once we clear this note (the last one at that - none since 9/1/2013), just think... We'll all be invested in a company with nearly no negatives. Dilution is the only thing holding this down. Take that away, you're left with a solid company with a very bright future (multi-million in sales, 2m+ inventory, large partnerships in the works, low debt, possible profitability - we'll have to see on the next Q).
I wouldn't be at all surprised if some deep-pockets take notice of Bergio. For a penny stock, I can't think of a better time to get in so cheap with a company that has a great future ahead.
JMHO,
JC
Bergio is holding up very well on this last note, most impressive!
Fear leads to anger, anger leads to hate, hate leads to missing out. -Yoda
Crow you will eat. -Yoda
Dude, like who didn't know that was going to happen already?
Good move RGali, better to be safe than sorry! Waiting at 2's is risky at this point. Maybe some will fill, but it's going to be hit or miss.
BRGO Looking STRONG! Almost like we can take on the evil galactic empire (the note holders) ourselves ... don't mind me, I'm just an underpaid stormtrooper.
This continues... 2's may be totally gone for good (some wishful thinking here). I have little doubt that much better days are in store for Bergio's stock regardless.
Last note conversion is holding up quite well. Our bid remains strong at .0003's with 32m. Volume today at 31.6m. The note is for $50k. If we were to "assume" (which isn't fully correct) that today's volume was a result of the note, that means around 135m are left to convert at .0003's (more if we dip into 2's). At this point, 2's are looking pretty bleak. It also means fewer shares added to the o/s which is also a positive. Go BRGO! IMO
The stock is way undervalued, the SP should be at least .002 without dilution. Dilution is the only thing that is holding this company back. When it's gone, the SP will do much better than what we are seeing today. But, we'll see who's right and who's wrong. I don't have a crystal ball, nor does anyone else here. GLTY
15m sold so far into the 3's. The last note is apparently started to convert. Once this is done, we move. For now, good luck to any and all that are taking advantage of this last bluelight special!
I wouldn't be too surprised if some of the bigger "groups" take interest in BRGO. This may be their last opportunity in low trips. Absorbing those shares in 3's-4's would make sense. Not many of them to be had... @ .0003 that's 166m. @ .0004 125m for the FINAL $50k note. Just thinking out loud here. But reality suggests, expect some 2's to print.
Confidence issues certainly exist, I don't disagree with that. Inorder to get the financing needed, a reduction in debt would make Bergio more attractive to financial institutions. For that reason, mid last year he took out the notes to get the debt down to the lowest levels it's been several years. That was clearly evident in the Q's. The last of those notes convert starting this week.
We're just about out of the woods. For anyone who's been here a significant length of time would know, now's not the time to bail and (IMO) should be a point to secure your position. This is the point where massive gains can come.
I still believe Bergio is headed for greatness, no one ever said it would be an easy road. Take the single most powerful force that was holding us down out of the equation, you're left with a fairly solid company with a really good chance of long-term success. All IMO-
GLTA,
JC
Why do you think? Dilution.
haha, or not... Going to have to get through nearly 500m shares at the .0002's to reach .0001's. The note that converts this week is only $50k. So, let's do the math:
$50,000/.0002 = 250,000,000 shares.
That's the worst we'll see considering this is the LAST NOTE! Then you have to take into account many will sell in the 3's and 4's as well. So, realistically may see 200m in the .0002's. BUT unless your order has already been placed over a month ago, chances are slim-none that they'll get filled.
If I sold at 3's today hoping to get 2's tomorrow, my chances are slim-none that the 2's would get filled.
But, have at it...
All the FACTS I need are right here. GLTY
From our Wiki: http://wiki.advfn.com/en/BRGO_WhyBuy
Unbiased FACTS
1) New Bergio Website went live on 2/7/2014 - the new website is live and visible here: http://www.bergio.com [1]
2) The Company has reopened negotiations with a major wholesaler - First contact has already been established, and the second phase of negotiation is to continue from late 2013.[2]
3)Negotiations with Sterling (owns Kay's, Jareds) - As far as negotiations with Sterling, there has been correspondence regarding their interest in the Faccia a Faccia collection, along with setting up the beginning stages of an appointment for the JCK Las Vegas Jewelry Show 2014.[3]
4) Bergio has stopped seeking any use of Convertible funding (Notes) as of September 1st, 2013[4]
5) 3rd airing on Nationwide TV shopHQ Scheduled for Jan. 10th, 2014 - On October 23rd, 2013 Bergio was once again featured on ShopHQ with a successful airing, although no numbers have yet been received to report. Due to anticipation and the positive reception of Bergio on Shop HQ, another airing has been scheduled for January 10th, 2014. Although the time slots have not yet been assigned Bergio will be featured for a minimum of two hours once again, with the possibility of an additional third hour.[5]
6) Bergio International Launches With Amazon.com The Company has been working with internet powerhouse Amazon.com in order to sell Bergio products through their distribution platform. Through this course of action, Bergio will expand its reach to the massive pre-existing audience of Amazon.com. The Bergio Amazon store may be found by clicking here.[6]
7) A Credit Line has been established for $175k - Columbia Bank has increased the company's credit line to $175,000, which should be sufficient in the event that we may need extra funding for company operations. [7]
8) The new Faccia a Faccia collection was officially launched at the JCK Las Vegas Jewelry Show 2013 and very well received, making it one of Bergio's most successful launches in history. [8]
9) Bergio was approached by one of the largest wholesalers in the country which services over 8,000 (actually, 40,000 based on Aug. 29th 2013 conf call) stores in the United States and are currently in the process of making preliminary negotiations in order to grant them exclusive distribution rights of the Faccia a Faccia collection, with meetings set for the upcoming month (i.e. July 2013). [9]
10) According to Google Trends, Bergio was ranked #5 on a list of most searched jewelry brands in the United States last year.[10]
11) Bergio has been taking further steps with ShopHQ. Bergio's meeting with ShopHQ went very well, they chose new styles for the upcoming broadcast scheduled for the fourth quarter, the date of which is yet to be determined.[11]
12) Bergio just expanded into three new locations in partnership with Consul as well as looking toward other opportunities to expand further within the Russian market.[12]
13) Bergio is still selling with the original 32 Ultra/Kay locations.[13]
14) The Company reported an increase in revenue of 24.47% for total net sales of $2,017,614 for the year ended December 31, 2012, as compared to $1,621,000 for year ended December 31, 2011.[14]
15) The Company's working capital has increased by $625,815 to $1,595,272 as of December 31, 2012 from $969,457 for the same period last year. Assets have increased by $744,081 to $2,927,915 as of December 31, 2012 from $2,183,826 for the same period last year.[15]
16) BRGO has partnered with UltraStores Inc., initial order was for $600k.[16]
17) The initial UltraStores Inc. order was fulfilled on Sept. 25th, 2012. Ultra Stores, Inc has been acquired by Signet, the #1 Specialty Jewelry Retailer in the US and UK. [17]
18) BRGO became profitable in Q2 2012 for the first time.[18]
BRGO sells its jewelry to ~50 jewlery retailers across the U.S. [19]
19) BRGO is currently trading on OTCQB. The OTCQB marketplace has effectively replaced the FINRA operated OTC Bulletin Board (OTCBB) as the primary market for SEC and bank reporting securities that trade off the exchanges. [20] [21]
Expectations
Bergio pursuing expansion/negotiation with a large jewelry wholesaler - we are working on several potential avenues of expansion including: continued negotiations with a large jewelry wholesaler (*Note - from the August 2013 Conference call, it was determined that the wholesaler sells to 40,000 locations).[22]
Advancing Bergio Boutique in Madison Ave in NY - advancing negotiations involving several different leasing agents in order to locate a store on Madison Ave in New York, NY to open the very first exclusive Bergio boutique, furthering brand exposure in the American and International consumer markets.[23]
Bergio Receiving positive reports from Sterling - There have been several positive reports from Sterling (sells Bergio products through Kay Outlet stores) and in the past two months, Sterling stores have sold approximately $30,000 worth of Bergio merchandise.[24]
Bergio continuing focus on social media expansion - Within the past month, there have been further developments and increases in exposure through social media channels. Since the beginning of October, the Bergio Facebook page has increased from 10,500 likes to 23,000 likes, which is over a 200% increase. There have also been further increases in followers on Twitter, Instagram and Pinterest.[25]
The Chill is expected to be remedied. Attorneys are on the task, and have been paid a full retainer in advance to make this matter their top priority. Our chill status only affects share issuance, while trading remains unaffected. (*Note - As of 11/5/2013, there are no known firms having any chill against trading BRGO stock.)[26]
Further expansion within Kay is expected once their inernal housekeeping has been put into order. [27]
Acquisitions targets are anticipated once the credit line has been established[28]
This summer[2013], Bergio will be expanding into one of the most renowned resorts in Greece, where we will be partnering with a very prestigious store to carry our products.[29]
It is expected we will learn more about one of the largest wholesalers in the country which services over 8,000 stores in the United States who wishes to have exclusive distribution rights to the Faccia a Facia collection.[30]
A new accessory line of scarves and ties are in the beginning stages of production. Expecting to showcase them in the US, Russia and Europe.[31]
Additional unspecified opportunities are currently in the works. [32]
Very well said Krony! 100% agree. Those (longs?) that decided not to average down will just have to wait longer than the rest of us to see any gain. I'm cool with that.
Unprecedented growth for Bergio coming. This is what we've been waiting for my friend. GLTY!
Yes it is, last note converts. Looking forward to seeing where we go from there. Go BRGO!
Than you Sir, Krony has maintained the share structure page the entire time (~2 years) and many others have contributed content (directly or indirectly on this board). It's going to be a helpful resource/reference for us all as we transition to a more respectable SP. Again, thank you.
GLTU,
JC
The end is near...
This week is certainly going to be an interesting week. Only four days of trading and within this time, the last of the notes convert. I think anyone in their right mind (bold assumption for THIGH few) would conclude, a true transformation is literally days away. But wait? SO what, it's just a note - we still have 2.5b shares o/s? What could possibly change?
The one and only reason why this stock is where it is... law of supply and demand (Economics 101). As the supply of shares increases, the demand is reduced. You and I have absorbed these shares about a much as we can, hence the low SP. This has been the problem with this stock for years and the stock chart clearly shows that trend. HOWEVER, the fundamentals for this company have been fairly solid throughout. I would welcome anyone to identify another company that has more going for it (annual sales, asset:liabilities, 2+m inventory, reduced debt, etc.) than Bergio trading under .001. Fact is, there are none... Perhaps you might try for us? I came up empty handed searching. Hell, most companies trading in this range don't even have a product and are in a development-phase (which never seems to reach productization). Fact is, Bergio not only has a product but hundreds and sell for several thousands of dollars. Also, a distribution channel already exists internationally. All of that in a stock trading under .0005? Must be a catch... indeed there is (or WAS)... dilution.
So, take away the biggest contributing factor of our decline and you're left with a fundamental change to this stock... The supply increase halts (as of 9/1/2013 NO MORE NOTES - this week is the LAST note for $50k). The demand grows as a result of the lack of supply being continually fed into the market on a regular basis. Yes, a transition IS coming here. This is unprecedented for Bergio as all longs here already know. Compound the stoppage of new shares entering the o/s with good sales results, increased company exposure, marketing efforts, new products, new partnerships, potential acquisitions and you have a formula for immense success.
Strap in folks, seriously. We're in for an "interesting" ride. Where we go, I have no idea but it's certainly looking up from here. That I am 100% confident of that and hope to see us all profit from that knowledge. Buy/Sell/Hold... your call.
GLTA
May see some in the 2's, yes. Our LAST note converts this week. However, there is more than twice the amount that may convert on the bid at .0002. Bid at 3's are rising and may likely see half the note trade at 3's.
So, unless someone already has an order in there from weeks-month ago, chances are it most likely AIN'T GONNA FILL! Oh YEAH!
Ye shall see! I hath spoken.
EXACTLY right Krony! The notes are the one AND ONLY reason why BRGO is down here in low subs. Once that is stripped away (next week), you're left with a solid company with strong fundamentals. Who wouldn't want to invest in BRGO once we get that confirmation? That's why people invest in penny stocks - no other reason. Some of us have been waiting a long time for this, others happen to be in the right place at the right time. Either way, IT'S COMING!
Interesting week next week. Markets closed Monday
That I agree with. GLTU
++++1 Krony!! That's awesome!
BRGO holding up well as desperation continues... Know what you own, but more importantly why. When the notes end next week, BRGO can breath for the first time in years. JMHO
With few 3's selling, 2's will be a stretch for anyone who hasn't had their order in for several weeks. At the most, we'll see around 2-250m 2's print next week. Then we move... GLTA
The last of the notes convert next week, good luck to all those working so hard to get their 2's.
It'll be the first time ever! Can't wait to watch her fly.
Next week when the note converts, I would expect "some" 2's to sell. But I think between now and then, 2's will be less common. If you don't already have an order in at the 2's, slim-no chance of getting any at this point. 3&4's a good loading point as we absorb the last note. Then, it's on like Donkey Kong.
Yesterday we saw well over 500m on the bid at .0002. One note left to convert next week for only $50k. Worst case, even if the whole note did convert at .0002, only 250m of those 500m at .0002 would get filled. Looks like 3's and higher from this point forward. We clear the notes, we'll have little to hold us back. If wanting to build a large position before we move up, time is running out.
GLTA,
JC
$BRGO great points Krony. This final note will give traders an opportunity to add in the 3-4 range. After that, with the news coming about the wholesaler and perhaps Sterling (owns Kay's and Jareds), we should see the perfect storm hit. Good time to get in -IMO
Been in BRGO for over 2 years now. Never has there been a point where notes weren't being converted. It will be SOOO nice to watch Bergio spread her wings after clearing this last round. It's all going to be worth the wait, no doubts. As you said, a real company and with real products (that sell for thousands of dollars). We finally have a strong chance of seeing our investment work for us.
Go BRGO!