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Who hoo! jonecool got some crackers @ .0003's
Krony, I have to admit when I first found out he was acting AJA President I was a bit apprehensive about that. Mr. Gevorkyan did allot of travelling in the past meeting with AJA members and conventions/shows, etc. I was concerned about Berge having to fill those shoes (and appointments). I'm a bit relieved that Berge has resigned as AJA President and focusing exclusively on Bergio (though, holding his VP position with the AJA). That is where the focus should be at this time (a few years from now, maybe he can hire someone give him more free time for the AJA).
Thanks Krony for sharing all of this with us! It was very helpful and much appreciated.
Nice, a few more hits like that and we'll be a Rock'n!
We may be seeing some kind of PR to go along with this Newsletter... we shall see.
Faccia a Faccia for the Holidays! Received this via e-mail. Go BRGO!!
http://hosted.verticalresponse.com/280837/5cf5882ee8/1469563011/785d4e366c/
I didn't write it, just reporting it
Released today: http://www.meshpress.com/retail-mover-on-otcqb-bergio-otcmktsbrgo/1242233.html
Houston, TX –Dec 9, 2013 – (Meshpress.com)- Hotpennystocknews.com issues special report on – Bergio (OTCMKTS:BRGO)
Bergio (OTCMKTS:BRGO) is entering into our 20th year of operations and concentrates sales on boutique, upscale jewelry stores. They currently sell their jewelry to approximately 150 independent jewelry retailers across the United States and have spent over $3 million in branding the Bergio name through tradeshows, trade advertising, national advertising and billboard advertising since launching the line in 1995. They have manufacturing control over their line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in Italy and Bangkok.
It is their intention to establish Bergio International as a holding company for the purpose of acquiring established jewelry design and manufacturing firms who possess branded product lines. Branded product lines are products and/or collections whereby the jewelry manufacturers have established their products within the industry through advertising in consumer and trade magazines as well as possibly obtaining federally registered trademarks of their products and collections. This is in line with their strategy and belief that a brand name can create an association with innovation, design and quality which helps add value to the individual products as well as facilitate the introduction of new products.
They intend to acquire design and manufacturing firms throughout the United States and Europe. If and when they pursue any potential acquisition candidates, they intend to target the top 10% of the world’s jewelry manufactures that have already created an identity and brand in the jewelry industry. They intend to locate potential candidates through their relationships in the industry and expect to structure the acquisition through the payment of cash, which will most likely be provided from third party financing, as well as their common stock but not cash generated from our operations. In the event we obtain financing from third parties for any potential acquisitions, Bergio International may agree to issue their common stock in exchange for the capital received. However, as of the date of this Current Report, we do not have any binding agreements with any potential acquisition candidates or arrangements with any third parties for financing.
They have historically sold our products directly to distributors, retailers and other wholesalers, who then in turn sell their products to consumers through retail stores. Independent retail jewelers that offer the current Bergio line are not under formal contracts and most sell competing products.
Their products consist of a wide range of unique styles and designs made from precious metals such as gold, platinum and Karat gold, as well as other precious stones. They continuously innovate and change our designs based upon consumer trends and as a result of new designs being created we believe they are able to differentiate themselves and strengthen our brands. They sell their products to their customers at price points that reflect the market price of the base material plus a markup reflecting their design fee and processing fees.
Each year, most jewelry manufacturers bring new products to market. They believe that they are a trendsetter in jewelry manufacturing. As a result, they come out with a variety of products throughout the year that they believe have commercial potential to meet what they feel are new trends within the industry.
BRGO are trading at $0.0004 and is -96.00% from its 50-day Moving Average price of $0.01 and -98.12% from its 200-day Moving Average price of $0.0213. The average trading volume is 1064430 shares and its market capitalization is $431K.
Is Investor Showing Any Interest On BRGO? Find Out Here.
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Well said Krony! Going long here, for me the biggest part was for Berge to acknowledge the end of the notes on Sept. 1st going forward. As long as he holds true to that statement, we get through the remaining notes, next year the SP will ascend. Who knows what surprises may be in store. We know about the wholesaler deal postponed until Jan. but there are other things that may happen between now and then. Just going to stick around and find out myself.
Been through numerous r/s, my account is littered with ~5 "dead" securities that will never trade again. A R/S (IMO) would not be good for Bergio, based on my experience. However, in all the cases I've seen it, dilution continued and lead to the demise of each. I don't want to see a r/s here. Especially after Berge stated he would not. Trust would be out the window and most would not come back. JMHO
I think the notes in the last Q were used primarily to pay off debt. The balance sheet has certainly been cleaned up quite a bit. Whether or not it was exclusively used for that, ramping up inventory for FaF or some other plans I'm not sure.
I also would like to see a PR that explains this in more detail, give us some idea of what's coming. Understand some things can't be mentioned until the deals are signed, but there should be some general statements of the direction+plan to reach those goals which would be helpful to us all.
JC
Yes, push of Faccia a Faccia THE PRODUCT. Not talking about the stock, that's up to us traders. Seeing Faccia a Faccia on Long Jewelers FB page is a great step in the right direction!
Link: http://www.facebook.com/longjewelers1
Looks like the Faccia a Faccia push is coming! Great news
Scams are those companies that are in the business to sell shares and have NO products to show for. We all know that is not the case of Bergio, just visit http://www.bergio.com . Such an assertion holds zero merit for discussion with BRGO.
The SP is certainly not where it should be, but that's due to the dilution that has been used (and subsequently stopped on Sept. 1st) to grow the company. Yes, I think it may have been "overdone" a bit in the last Q. But, hopefully it will be enough to kick-start us into long-term growth and financial independence henceforth and in thigh future.
LOL! +1
Thank you so much Krony for filling us in on your correspondence with Berge. Your message was very concise and eloquent. Berge's response is very interesting, specifically the statement:
we will need couple of month for everything to filter thru
Agree 100% Dan! For those who disagree, name one subpenny with a 4:1 Asset-Liability ratio currently trading in trips? Go ahead, take the challenge - I double dog dare you.
They're in there, just need to look closer
LOL, meant to say dollar but was thinking pennies. Thanks for the correction
Our outlook for the year is looking good, and the company is working diligently in order to meet and surpass the results from the same time in the previous year.
Outstanding news Krony, thank you for posting! Can't wait to hear an announcement when it's signed and completed. Go BRGO!
JMHO: The more I think about it, the more I realize we're trading at .0006th of a penny (this isn't NASDAQ). Good grief, the selling today is not justified. There was some good and some not so good, that's just the way it goes at these levels. No matter how you spin it, the market cap is far to low. The dilution tap has been turned off since Sept. 1st. Debt has been cleaned up significantly...
I hadn't sold any in months and no plans to. No idea when the Wholesaler deal will be announced, it's not worth the risk to chase when it is announced.
GLTA
Agree! For revenues this year to nearly match last year's revenue, albeit without a large $300k order, that is impressive. It's evident that his marketing efforts are indeed resulting in sales/growth for the company. The debt reduction of $600k+ is substantial. A 4:1 ration is impressive. Glad to see he's filed the chill removal.
Nice PR and Q's -IMO
Good morning and... BINGO! End of dilution, the big (recent) buyer, 4:1 (asset/liability ratio), credit line being increased, over $600k in Liabilities gone, etc. Something is indeed brewing... hope we know what it is soon.
Notes that have already converted (reported as part of the o/s) on those dates and the amount of shares in the transaction.
Agree mightymoe. Think this Q will just reinforce that Bergio is way undervalued. 2 notes to be converted next year and some owed to fife. The current marketcap is far below the value of sales plus assets. The liabilities dropped $638k (Exactly as Berge stated we'd find out on the Aug. 29th CC). Inventory value increased another $190k which is the barometer for healthy growth of the company (according to Berge).
Knowing no new notes are being sought since Sept. 1st and the existing notes can be converted at a higher price in due time, I think these Q's were solid as Stem pointed out. Throw in some news about the Wholesaler and we're on like Donkey Kong!
Looking forward to a follow-up PR, I'm happy happy.
Didn't notice that on FB until your post here. Very interesting indeed Dan!
Berge said so It will be today.
This is, by far, the most anticipated Q ever released by Bergio. Should arrive anytime guys and gals. I have OTCMarkets auto-refreshing every 5 sec. Soon as it hits, we'll all know it!
Loaded and ready FDR! Let the fireworks begin. Feels like Christmas already... BRGO
No word (that I'm aware of on the PR), but I expect the PR would come tomorrow.
Welcome back Stemcell!
LOL, good question but we shall see!! I try not to bug him more than 2-3 times a week at most. That was my one question for the next few days.
Sent a msg to Berge and he replied. Q will be out today.
Nah, it was the dumpster
Smell'n some Q's coming across the wire. Go BRGO!
Mr. Abajian, let's see those Q's please!
Going to make it that much more fun. Happy happy