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Hahaha. I know plenty of traders who catch the blip on their scanners, in a rush to not miss out they pull the trigger for some shares and THEN try to ask "By the way, why the big jump in price?". It's just part of the game they play.
Spot on there Krony. Perception, usually based on timing, is the key to the impact on present and future shareholders. I've had stock in stinky pinkies that R/S as often as the rules allow. Sure enough, most of them end up in the trip zero pps where they started before the reverse. If he didn't know it on his own, Berge has been very well informed of the damage he will do to BRGO stockholders if he institutes one at this point. This is one of the major red lines that most current holders have set as to weather BRGO remains a going concern in their portfolios. I am not saying investors would not tolerate it at all. Just not right now. While still undesirable, it would be less painful if it occurred after the stock got much healthier. That would give it a better chance of avoiding the huge sell off and a little time to recover if it could be supported with much better news.
Gotcha. I won't argue with any of that. The question, as a response to a post, was pretty simple and direct though. If a person was sitting on a pot load of shares that were purchased at .0002 and they bought into the popular sentiment that an R/S was imminent and in the near future, wouldn't it be in your best interest to accept the 50% loss and sell at .0001 now before the R/S and probable ensuing decline of the pps?
Just askin'.......
Your response indicates that selling at .0001 is not a choice. If I were holding a substantial position I had purchased at .0002 and were to believe a rather large portion of our board constituency that says an R/S is definitely going to occur in the near future, wouldn't it be advantageous to sell now for only a 50% loss versus suffer the impending damage a reverse split and eventual pps decrease would do to the value of my holdings?
Confirmation of current note conversions being completed might stop the elevator from falling but I believe the next quarterly has to confirm no new notes on the books for this issue to have any positive effect on its own.
The end of, and discontinued use of this tactic to finance Bergio business is what has to be brought to the share holders. Swim or sink time is here. The new business that Berge has PR'd should be enough to at least get the company in a self sustaining position that can be built upon. Berge spent a lot of time and money swinging for the fence trying to land that mega-deal. He fell short so he's trying something new with the retail store and possible private label deals. The store is an opportunity for more exposure. All it takes is for 1 celebrity to walk out of there sporting some Bergio hardware. The possible private label business could provide stable cash flow.
JUST MY OPINION.
As you can read, my statements are a bit guarded and I too think it's time for Berge to produce something for share holders. Trying to be objective about the facts as they can be confirmed today. But the possibilities???? That's why I'm in and holding. For now anyway.
Plenty of shares have been bought and are now being held. The accumulation line has been doing nothing but heading north. I won't say that they won't get dropped like a hot potato if Berge doesn't produce something in short order but there is plenty of interest in BRGO. Personally, I am ready to 10x my share count if I see what I need to see in the very near future.
There are ways to voice your concerns that can be looked at as constructive criticism by those you wish to address and then there are ways that might get you dismissed as no more than an angry mob. How's that???
I am with you AK. BRGO is not trying to sell a sponge for a couple bucks a piece. Weather it's private label middle of the road inventory or high end retail, this is JEWELRY. It doesn't take thousands of orders for the dollars to stack up quickly.
Now for all the naysayers, has Berge did a good job of accomplishing this so far? Probably not so good. Is he trying? I'm gonna say he is. Would I think it would be easy to do? Absolutely not.
Do you also know that if you discovered the worlds largest diamond mine you would have zilch because of the way DeBeers controls the entire market? My point is that I can't imagine the high end jewelry business would be any easier to get your foot in the door. I just don't think it's as easy as some of the Monday morning CEO's make it out to be.
I do agree that the well is running dry and that BRGO stock is definitely at a watershed moment here but, I also think that Berge has a hand to draw to if some things can fall into place. Anybody that says they didn't have a little bit of luck in accomplishing great things is full of it.
As of now I am trading (still hopeful for profit) BRGO. I am forever searching for an affordable stock to become an investor in. BRGO caught my eye because of it's distinction of being a REAL company that is currently doing actual business in a real market place. I assume that most holders that have longer term positions saw the same things. I never paint myself into a corner. If need be, I will walk out the door on this one but I'm not liquidating just yet. Information coming shortly will decide for me. PR's will tell me what to do as a trader. Filings will tell me if I want to be an investor
I am still considering becoming that BRGO investor if Berge is able to finally seal some sort of deal and get the company moving in the right direction. Showing profitability and executing a stock buyback program is the only saving grace available to current investors at this point. I agree with the baby steps concept of opening your own store and trying to get some form of positive cash flow started instead of borrowing to the hilt to fund some mega deal in the hopes of hitting the proverbial home run. He tried that, it didn't work out, now he's slowing the roll a little bit to start building something up in a more stable manner. I know this apparent path is not good enough for a lot of current holders but it makes sense to me.
The debate over Berge's motives have been lengthy. Right or wrong, it is my opinion that he is not a scammer. Maybe his competency level as CEO is still in question but I don't think he fits the bill of your usual sub penny pos company head. Those guys can usually be traced from one bogus ticker to the next.
Ahhh....... FDR. The unwavering voice of reason. You go boy!!!! And BRGO too.
Well said Ak. All valid points. To reiterate, I don't think the use of convertibles, as documented, would be the first choice of any business leader of a REAL company. For me, all the Monday morning quarterbacking about this issue lacks proof that there have been, and presently are, other better options available. Cash is King. All REAL companies need it. You have to spend money to make money so where's it going to come from if you haven't landed that breakthrough deal or contract yet? Call a spade a spade but I don't see the comparison of BRGO or Berge to the other 99% of pink stock companies and scamming CEO's. Just my opinion.
Bergio International seems like a lot of work for the traditional penny stock con artist CEO. Most scam, share selling, insider trading, rip-off stinky pinky companies have a team of doctors working on the next cure for cancer in eastern Europe, or a prodigy scientist who has designed the next revolutionary hydrogen propulsion system, or a mining company who owns the rights to tons of gold in South America. BRGO is an actual company with an actual product. Berge seems to be trying to make it successful. Posters are quick to point out what could be considered to be his failures but to never fail means you never did anything in the first place.
So the argument that Berge sucks as a business man might be hard to defend. I guess I just look at it from the stand point of, what would I have to do in his shoes if things were not necessarily working out. No one could possibly be happy with the toxic financing deals but considering the financial climate the last 5 years I'm betting there were not a lot of alternatives. After the housing crisis, money lenders closed up tighter than a drum.
"Real" companies need cash flow so if no more funding from Asher and not enough revenue from current sales, then I guess selling shares is an option. Dammed if you do, dammed if you don't.
Like I said, I am not defending Berge's inability to bolster the health of BRGO stock and reward shareholders who have been there to finance the company. I just think the comparisons to the traditional scumbag, scammer, hang em from the nearest tree, pink stock CEO are a little unwaranted.
Understood. I get all of the sentiment that is posted, well most of it anyway.
My experience of working for a start-up company that went "public" was Global resources (GBRC). Maybe some of you had shares of this. We worked diligently, spent our own money on miscellaneous stuff we needed, and made progress all the time. Unfortunately we ran out of money and time. The Board of directors blew all the seed money on building the company and promoting a product which had not yet been developed and ready for the market but ROI became the focus anyway. I can tell you for a fact that when the main investor got impatient and came in and took over, it was the beginning of the end. I'm not defending Berge because it IS time he produce for the investors but, I guess my point is that it takes as long as it takes.
You know in stinky pinky land there are ALWAYS inside deals being made. I think there is some knowledge floating around that convinced someone to get their shares now. I don't care one way or the other. I could be stretching my between the lines reading here but, I just think today's huge lumps of shares going through are a signal of the end to the silence in PR land.
Looks like whoever has been doing the conversions 10 mil at a time lost patience. That, or as the conspiracy theorists will tell you, Berge has secretly told them about a big PR coming and that they should be ready to sell.
Boy you read a lot into that. I thought it was merely a response to the omnipotent Chris's prediction that the price would never see .0003 again if an R/S happened.
If an R/S does come as you have prognosticated, the pps will immediately be higher than .0003. At least for some period of time.
You have to assume that anybody who is picking up shares at .0001 is going to immediately turn around and put them up for sale at .0002 for 100% profit. This is another downside to liquidating shares out of frustration. Yeh, you might have the argument that your going to "get something out of it" if you bought at say .0005 or below. Now that BRGO has reached the infamous bottom of penny land, the flippers who have been in line and are getting shares will dominate the trading. Even if quantifiable good news hits the wires, the majority of peeps selling those .0002's won't be inclined to pull their sells anyway. Flippers flip.
So I guess the moral of the story is that all the shares that get dumped into this current bid will have to be "slogged" through if we ever get an upturn.
Just my opinion.
On Friday June 20th, that big sell off day a few weeks ago, 92 million shares (38%) were shorted. On the ensuing Monday, almost 60 million (74%) shorted. Some large money to be made if they can cover those shares at .0001.
Another 9 million shares shorted today. Still 100% profit if holders dump their positions on the bid. Already 265 million shorted during the last month or so. Probably a 5 or 6 bagger if they can cover a lot of those at .0001.
236 million shares shorted in the last month. Don't think for a minute there is not money being made by the pps of BRGO going in the dirt.
http://otcshortreport.com/index.php?index=brgo&action=view#.U8V9LZRdVGc
Looks like someone has decided that .0002 is the bottom. Almost nothing but buying since 10 a.m.
I looked at that this morning FDR. I believe there was a significant amount of shares shorted in the last month and they don't think they will be able to cover at .0001 so they are buying the .0002's. JMO.
So what's the take on the daily volume. It seems that all are convinced share price is going nowhere, so why the steady volume? Short sales from the last month covering?
You know that's crap. NOBODY has ever been denied information if you ask for it. Krony got tired of posting for all to share because he kept getting beat up about it.
Hahahaha! Whoever tried to paint the .0002 for the weekend was about 20 seconds too quick on the trigger. Nice going on that 12.5K trade to end the session. Happy 4th all. I feel a good PR brewing. Plenty of speculation to risk buying right now. Ready to cash in on the news. That's the penny stock game if you want to consistently make money. But of course, this is pretty empty advice from a part time, nobody trader like me.
Let's see...........
3 trades for a pennies worth of shares each time. No manipulation going on here though. All honest, retail selling. Probably someone trying to clean out their account. Spent 15 bucks to relieve their port of 3 cents worth of stock. LOL!!!!! For real????
Either through manufactured pump or real news, quiet accumulation always precedes a pop of some kind. Thanks to FDR we can see by the chart that this has been happening for awhile now. My sells are already loaded.
I was wondering why some peeps seem to feel it was Berge's responsibility to notify the "public" about Asher finally being out of the picture. Isn't Asher responsible for this. Would Berge even have access to this information before it was disclosed by the filing? Feel free to beat up on him about stuff he is responsible for. If he is as bad as you say you shouldn't have to stretch this far to gripe about something.
OK, I'm not buying the theory that someone is dumping shares a hundred at a time so they can rid themselves of leftover shares and claim a tax loss. Why not just do it all at once. Someone is purposefully trying to run this down to .0001. Don't care who you might think it is but, to say this isn't a form of intended manipulation is B.S.
I can't say I see it like anybody. I make my own trades. I am never a LONG in penny stocks. I am not trying to find the next Microsoft. I only bought BRGO because there is an actual product and I thought I would take a chance that the show would produce a nice run so that I could profit. Well.... I guessed wrong at this juncture. Not dumping though. It can R/S 10 times and go no-bid. IT'S A PENNY STOCK!!!! That's what 98% of them do. The guru's with all the "I told you so" or "I called it" can say the same stuff about any penny and be right most of the time. I wanna hear about their "Microsoft" that they called back when it was in the trips.
Absolutely no song lyrics allowed. Movie quotes and You-Tube videos are acceptable but under no circumstances are you allowed to post song lyrics.
Then someone made 5 sells of 200 shares for a total of a dime and spent probably 25 bucks to do so that they could show a net loss of $24.90?????
Hey, how come we are down a moderator????????
Hmmmmmmmm.........
200 share trades at .0001 for a grand total of 2 cents worth of stock. And there are still people that tell me that the market is totally on the up and up and there are rules in place to keep people/institutions from artificially influencing stock prices. REALLY?????
My entire position is now on sale {GTC) for break even at .0004. Set it, now I'll forget it. Good luck to those still hoping for a big payday. I took a chance on BRGO being unlike the 98% majority of scam penny stocks because it actually had a product but, oh well. I'll keep abreast for R/S news to temporarily pull my sell but otherwise, moving on.
Nothing on the end of conversions. He knows we have been waiting desperately for this news and would have included something if they were indeed finished and no new notes have been issued. Not liking my position right now but will probably just put my "bag" in the closet with the rest. Who knows, RNW* popped after 3 years and I made a 4 bagger off that.
If Berge is the scheming slime that many claim, then he'll PR in the afternoon to get the run started. Peeps will "boil" the news over the weekend and get the blood in the water. Possibly another PR Monday or Tuesday to support the pump and keep the volume heavy. Depending on what I hear, I'll be long gone or riding free shares by then. We'll see.
Krony, what are next weeks winning lottery numbers?