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I was never claiming to know or trying to explain to anyone, stock shorting of any kind. It was a simple question as to whether the very definitive statement that it could ONLY be a converter shorting BRGO, was fact or speculation. I don't know what your problem is.
Funny how the shares come off sometimes. In general, does a buy order from say NITE get matched up with a sell from the same MM? Anybody?
Except for that 10k whack, all buying at 2 today so far.
NITE peeled a large portion off his ask.
Last time I looked.....
http://www.otcmarkets.com/stock/BRGO/quote
BRGO was a pink stock.
That's alright. You don't have to answer. I'll have to call the SEC and inform them of the rule change that ONLY debt converters are now allowed to short pink stocks.
I wasn't claiming that I could. As most can't.
Is this fact or your speculation?
Maybe there is no factual confirmation for your theory but, it sounds very plausible. I would think many would agree with your analysis.
And it wasn't trading for $$'s ready to pay out dividends either. C'mon now! You know what I meant. Stinky pinky, pennyland, the wild west of investing.
I would have been surprised if the ask didn't start to stack somewhat. 1 buyer can smash those in a heartbeat and then they will bloat the 3's.
Ahh...the end of lunchtime is announced with a nice 2 milly hit. Lovin' it!!!!
Our friend Krony and others have speculated on this point for some time. Nobody lays out that kind of cash in stinky pinky land without some very good indications (wink,wink) that they are going to be rewarded for their generosity.
Part of the finalizing that's been going on for quite awhile. I know deals take time to put together and everybody sign on the dotted line but, this is pretty critical information the investment community has been waiting on. Hope it gets done in the near future. I think the best thing for BRGO stock at this point is a succession of PR's on all these issues that have been keeping new money on the fence. Most are aware of them and just waiting to see things start and keep moving in the right direction. The last PR was the "start". The O/S stabilizing is the first "keep". C'mon Berge. Give us some more!
I wonder what kind of money were talking about from the private investor? Does anyone have a clue as to how much it would take to buy out the note?
Looks like ETRF is bumping NITE out of the hammer spot today. I frickin hate NITE so I'm happy to see them have to wait for a change.
The clowns are the ones who can't see that a dollars worth of stock got dropped in an obvious attempt to make things look bad.
Not that I would want to wait all day but, I could go for a good old fashion, power hour, "ASK" kicking. Hahahaha. Anyone else??
I seen that Dan. I inquired about the days to cover and one of our good friends thought it was about 3 days with the current average volume. Hope they get toasted on that 52 million.
I don't think it was Berge who sold a dollars worth of stock.
Another good point to bring up is, when's the last time they snuck any T-trades in on us. I think the O/S data got digested and some peeps formerly on the sidelines are getting a jump on any potential "end of conversions" news.
Oh, I think the audience is bigger than most think on this one. Just because they are not posting or more importantly BUYING right now doesn't mean there are not plenty of interested parties out there. I'll bet it changes quickly when a few more pieces of the puzzle fall into place. There is good speculation for some "could mean's" but a couple of key unknowns will have to be verified before the floodgates open. If the previous direction of the share price was going the other way when some of this latest news hit, it would be a different story.
Email response from the Agent concerning outstanding shares.
Courtesy of a friend who will remain nameless. I gave him a cracker for getting the info.
"O/S 5,364,406,529. Little or no increase."
I believe the agent is:
BUSINESS FILINGS INCORPORATED
108 WEST 13TH ST
WILMINGTON,DE 19801
(800)981-7183
These dots ever get connected yet? I thought this deal was supposed to be done two months ago. I was here when it first got sprung because I was following the IHubber who was claiming similar R/M's coming for other tickers that never got all the pieces put together. I see he hasn't been here in 3 months. Hope this one pans out for all that are waist deep in it.
Everyone knows that an R/S has not been addressed by Berge for far too long which makes it a possibility. The difference is that most shareholders hope that it doesn't. My confusion is why a professed shareholder of 100 million shares seems to almost be trying to "will it" to happen?????? I don't know. That's why I'm a poor, nobody, part time trader.
Your right. The point is that they are not happy because they might not get the chance now. Maybe no more .0001's for a 100% at 2. Or if say someone professed to buying 100mil at .0002, they won't get a chance to average down with the 1's so they could still turn a profit. Aight?
I think he was referring to the flippers presently trolling for .0001's. Not the ones who bought a little early, say like a 100mil at .0002.
So today's news hasn't been a huge splash on the buying community. Oh well. Right now I'm not in a particularly big hurry to sell. Maybe I'm not buying more but, I'm certainly holding what I got until some of this crap plays out. Are there some negatives hanging over BRGO? Everyone knows there is. Is there some HUGE potential to what might transpire in the future? Everyone knows this is true also. Hey, you didn't buy shares of GE or Coca Cola. This is the wild west of investing and everything is a chance.
Exactly. As a shareholder, it's pretty embarrassing to think that that POS FB page could be considered my representation. Like anybody can't figure out it is now the "Waaa waaaaaa. I lost money on this stock so I am going to do my best to see to it that everybody, past, present, and future does too" tribune. What a disgrace.
People need to stop referring to it as "Shareholder's" page as in plural. It's obviously turned into one persons sounding board.
Evidence? That's strange. I don't recall any direct recognition as to the FB shareholder page being Berge's conduit to his shareholders. If he is as disconnected as you always say he is, why would he bother reading that tripe. That FB page has turned into one mans ranting board and nothing more.
So we ALL bought too early. Our bad.
A low rent, nobody company like Sterling? I'm sure they didn't bother with any DD before they entered talks with Berge.
Hahahahaha. The shareholder FB page. That rag? Most of the BRGO shareholders don't even read it.
Downplay it however you need to. Could the trial end up not being a success and Sterling deciding that Bergio is not for them? Of course. But the CHANCE that Bergio could be carried by Sterling on a permanent basis is nothing but huge. That kind of exposure is hard to come by. If it shows promise, Sterling's marketing and promotion could take Bergio to new levels.
Nothing released says the Sterling deal is "private label". There is no reason to believe that these pieces won't be available under the Bergio name.
Seriously doubt the "years" prediction. These aren't $100 pieces of jewelry were talking about. Either they will sell and be a success leading to future bigger orders and maybe a permanent spot in Sterling's line up or they won't. I'm sure all the jewlry experts here at IHub have an opinion as to which way it will go. I'll just wait and see. This is the chance Berge has been working for. If your trying to deny it's not a big deal, your just not being honest. Focus on the other stuff if you like but the deal with Sterling could be a game changer and everyone knows it.
You can poo-poo this news all you want. i understand that you have to because you have painted yourself into that corner. A foot in the door with Sterling? Are you kidding me? If your saying that having your product carried, even on a temporary trial basis, by one of the giants of the jewelry industry is not huge POSITIVE news for BRGO then your just flat out not telling the truth. This is like Apple giving your phone app a trial run. How could that not be massively significant?
NEWS!!!!!!
Bergio International Announces Several Updates
Marketwired Bergio International
25 minutes ago
FAIRFIELD, NJ--(Marketwired - Jul 30, 2014) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces several updates.
The company recently received a document from the DTCC that its stock has been chilled once again. The company's legal team is currently working toward lifting the chill, and anticipates resolving the issue within the next 60 days.
On July 2, 2014 a meeting took place between Bergio International and Sterling in Akron, Ohio in order to negotiate a test program of the new Bergio Bridal collection in 30 of their stores. The meeting concluded with Sterling picking up four bridal designs, and documents are currently being submitted for approval to initiate the test order. The initial test order will be approximately $100,000.
As of recently, Bergio has been involved in a private label program with a medium size wholesaler. As of today, part of the order has been delivered. The management evaluated their existing order with us, as well as future continuing orders at $50,000.
The company has been working very diligently toward building and preparing the very first brick-and-mortar Bergio Boutique. The store opening is still planned for the fourth quarter of this year.
Berge Abajian, CEO of Bergio, stated, "I know that many shareholders are frustrated, and I understand their qualms about the stock price. Even with these recent obstacles in our midst, Bergio will continue to move forward by creating multiples paths of revenue through the brick-and-mortar store, the private label program, and the new test order with Sterling. We believe that growth would be better achieved by diversifying our business model through different avenues, as a supplement to our existing business model."
He concluded, "We are currently in the final stages of negotiation with a funder who agreed to purchase our existing note, as well as additional funding for future expansion. Further details will be published once the deal is concluded."
I have a strong suspicion that those huge dumps last week could have been the end of some of the note conversions. As most current share holders are in a wait and see mode, I fully expect the volume to be very light this week. Anticipation of a new PR is heavy. Knowing Berge, he could very well be holding up any news until the quarterly is ready and release it all together. That seems to be his preference. Can't say I always agree with that strategy but, he usually follows the same M.O.
----------OR-----------
It could be all sh*t and the race to sell will be a track meet. I think at this point the rubber has to meet the road. Anything "fluffy" will be received the same as out and out bad.