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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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.
He won’t do that either. He had opportunity to partner with Stuller a few years ago but Berge is nothing if not arrogant and narcissistic. He will make sure he has authority to make all decisions here.
In this case my garbage is also your garbage.
Never happen. We begged him to do it for years, explaining how confidence in your own stock would work wonders for shareholder value. His answer was always,”why should I buy common stock when I own 51 preferred shares?” He owned 7m before the first r/s in 2014, which became 7k after and then .7 after the 1/10000 r/s in 2019.
So massive dilution….is good.
Most of the “high volume” days here come from news followed by a fresh convertible share dump.
So no.
From the 10Q: On April 28, 2022, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation and reflected the increase in the authorized shares of common stock from 6,000,000,000 shares to 9,000,000,000 shares.
Not as far as you think with endless conversations at ever lower prices.
He upped it to 9b on the last 10q. He’ll use every share. And p/s when he r/s’d in 2019 he promised to lower it to 500m.
New O/S: 3,067,698,069, up “only” 295 million, around 11%, in the last 3 weeks. So maybe not ALL the notes were done.
It won’t. Get his attention that is. Or maybe it will but he won’t care. It’ll just mean the next inevitable reverse split will be that much sooner.
He said he is overseas so people won’t bother him or expect him to call back or return an email.
Very well written email…and nothing I didn’t send him in different words, 3 years, 5 years or 8 years ago. He’ll do what he’ll do and take nothing a shareholder says into consideration.
Yes I have emailed, messaged, texted him many many times about dilution. He has always said he’s going to stop it or end it and he NEVER has.
The big thing I’ve learned is that BRGO, as much as I wanted it to be an investment, is a trade. I was once the biggest cheerleader here and had regular correspondence with the CEO. What finished it as an investment for me was the reverse split in 2019. For the second time he continuously told us he was not reverse splitting. We begged him to raise the A/S rather than reverse split and he told us he did, up to 10b. But he never actually did and did a 1/10000 reverse instead. Whether you or other “investors” believe it or not he’s heading there again. When he reverse split the last time he promised to lower the A/S to 500m. I think it only went to 1B for a short time before he raised it to 3b and then 6b.
Pretty close to right on the money.
Not powerless just contemptuous enough of his shareholders, loyal or otherwise, to pay lip service and then keep doing what he has always done.
Very nice, but a leopard doesn’t change its spots, which better explains why this has gone from $1/share to .0008 and 595k O/S to 2.72b in 2 1/2 years from its previous all time low.
Then why hasn’t he since 1994?
Bergio has been in business for 30 years went public in 2009 and has sold something like 16b shares and has yet to turn a profit despite being in a market with enormous gross margins.
Oh that’s the sales pitch he’s trying to get across. Long before he began acquiring companies he took note after note after note to keep the lights on. He r/s’d in 2009, 2014 and 2019. O/S has gone from 590k to 2.7b since 9/19. He took a note of $80k on q2 and that’s on top of all the convertible financing he used to make these purchases. If you really think he’s done with toxic financing please ask yourself why he raised the A/S from 6b to 9b in the most recent quarter?
Except he won’t. The share count will continue to increase since he pays for everything in discounted shares. Note that in the 10q the A/S increased from 6b to 9b
I wonder how much of the “all the old convertible debt that was paid” two weeks ago was paid yesterday?
“Fundamentally, $BRGO has much less convertible debt, much greater sales, and greater value than it has at any point, arguably, in its history.”
True, but it also has a CEO with over 6b shares to burn, who has never stopped diluting the stock over 13 years. To put in perspective, in Sept. 2019 right after the latest reverse split, company had 595k shares outstanding at $1.00 per. All the great news and wondrous events later and stock is down 99.3% from its previous low.
Just going by the typical mo here. Great PR in conjunction with a conversion. The day is yet young.
Look for a share dump today.
I challenge someone to ask Berge why he added 3b to the A/S. When I asked him why he tripled the A/S from 500m to 1.5b a few years ago he said he would never use the extra shares. He reverse split after he raised the A/S to 3b and then 6b. To top it off he told his largest shareholder he was not reverse splitting…less than 24 hours before the filing was announced, which meant he’d already done it.
Always great when the stock celebrates a “great” quarter by tanking.
Ha ha didn’t see that one. And you and I know he’ll use every share in that A/S.
Yes all the charts and DD proving how great it is , and yet here we are at .0007 x .0008
Yes you keep saying that and the O/S keeps increasing.
Guess again
Very exciting. Who’s selling then?
You said my name 4 times.
STILL taking out notes: On March 8, 2022, the Company entered into an 8% convertible note in the amount of $80,000 less legal and financing costs of $3,750 for net proceeds of $76,250 with Sixth Street Lending, LLC
The problem here is that Berge is bad at business also. He’s been the greatest jewelry business since 1994, has probably raised over $10m in share selling, and sold less than $600k in jewelry in 2020, down from $2m in the mid teens, before the acquisitions, with crazy great margins.
Doesn’t seem like a lot but 2% every three weeks about doubles the share count over the course of a year. That’s my point. BRGO ALWAYS dilutes. Always.
New O/S: 2,772,430,332 an increase of 55m from less than a month ago.