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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And right now there's a bid at .0001 for nearly half of them, not to mention the 400M that have been bought since 3:30PM yesterday. Looking huge here.
BRGO
Another 20M buy at .0002. Falling fast! Very low S/S for a .0002 stock.
BRGO
10M buy at .0002 just now!
BRGO
Nice buys the last 20 minutes and now 15M on the bid.
So let me understand you properly: the current share structure is NOT relevant, only a statement from a PR describing a different set of circumstances from 2 YEARS ago is relevant to the current situation? Is that what you are trying to say?
WHY berge did a R/S 2 yrs ago
I just received from CEO that O/S is approximately 380M.
Well if "saying again" does no good, why did you ask me to "say again"???? You asked me to "say again", so I said again.
Your assertion that a R/S is imminent is your opinion, something you cannot possibly prove. Something that Berge put in a PR two years ago for a different situation is surely not relevant today.
Ok, I say again:
Because the O/S is nowhere near the 5.92B out of 6B it was in 2014, which is why that R/S happened.
Actually no new notes in a long time and much of the proceeds from Q2 sales went to paying the existing large Iliad note.
Don't forget to mention that in 2014, the O/S had reached 5.92b of a 6b A/S and that's why R/S happened when it did.
Couple of big buys near the close wiped out the ask....
From CEO Asif Balagamwala:
Me(sent Sept. 9): Good evening Sir,
Just wondering when we might see some kind of an update on the state of the company. Any insight would be appreciated.
Thank you.
Asif(last evening): Update will come. We are running a leaner operation. So finally loan obligations are being met through ops. We will provide an update as soon as my accounting team, attorneys, and advisors are ready with the necessary info.
Sorry for the delay in responses.
Actually, no, not unlimited ones. With an O/S of around 250m, very limited ones would be the more correct answer.
At this O/S it doesn't take much to lock up the float. It will move fast IMHO.
Yup. O/S is low enough for a strong pop.
I did email him last night, mostly about the status of the company in light of the legal issue. I probably would have gotten a response by now if I was going to but at the least he knows that we know.
He did. He's been out since early July.
Looks like he got out in July.
Yes he did a r/s in 2014. Previously he did an r/s in 2009 a modest 1/12. If my math is correct, and check me if I'm wrong, that's 5 years not 3.
If he raised the A/S I would spend every penny I had buying .0001s. I've been buying anyway, but I would spend it all if I had some assurance that there would be no R/S. I'm pretty sure he won't but not certain.
Somebody looking for some action here! 2M on the bid at .007!
NEIK
Thanks Crabby, backatcha!
Grabbed me some 42s. Looks promising here!
97M on the bid now! Briefly showed 197M. May be ready for a big move here.
Yup, won't take much for this to jump. Insanely low float for a .0001/2 stock.
150M on the bid now!
While not a huge buy, nobody buys 2M shares of anything to "paint" it green. The same can be done with 1000 shares and cost a lot less.
Don't forget to mention the 40M that showed up on the bid the last hour.
I just grabbed some .007s. Thought I was doing great getting .012s earlier today, LOL. Regardless, it will all turn out to be great, IMO.
Agree, in my last email to the CEO I did explain why that would be the better alternative, if needed. Of course the best result would be neither thing happening....
It only appears less because NITE and CSTI are at .0001. Level II shows the lowest ask for each MM. If either NITE or CSTI get taken out at .0001 we'll see their ask at .0002. With 530M dumped, the ask at .0002 will undoubtedly be higher than it was this morning.
Bid just grew by 100M!
From CEO Asif Balagam, here's the whole brief conversation:
Me: Good morning Sir,
With yesterday come and gone and no 10Q nor a notice that 10Q will be late filing, GNPT is now non-compliant. Was this an oversight or is there a reason for not filing anything within the proper timeframe? Your lack of any kind of contact, either through filings/PRs nor correspondence with shareholders is very disconcerting.
As a publically traded company, you have an obligation to the shareholders funding your company to keep them informed.
When can we expect updates and/or the current 10Q?
Thank you.
Asif:Good Morning,
The deadline for the extensions are by August 16, 2016 at 5:30pm EST... getting filed later but in time for compliance
Updates as soon as I have updates,, right now its steady going, I am overhauling operations .. With toxic not a viable option and with bank doing deals where it ties up cash flow, I have to go back to the basics :
cutting cost
running positive cash flow
finding a willing cooperative funder
bringing the company back up from the ground up,, (fundamentals)
etc etc etc etc
Berge told me a couple of months ago that he was looking to get rid of the convertibles and I asked him how with the stock barely trading and lackluster sales. He didn't answer me then, but looks like he used some of his large inventory to make it happen.
GLTU as always.
If this does go through there are only bits and pieces of a couple of other much much smaller notes left and nothing new on the books. O/S is still low enough for a nice run.
Just got an email from Asif. Among other things he said:
The deadline for the extensions are by August 16, 2016 at 5:30pm EST... getting filed later but in time for compliance.
This is exactly what he is attempting. I sent this to Berge this morning:
Good morning,
After reading the 10Q, I would like to clarify the following statement:
During the three months ended June 30, 2016, the Company made a retail sale to a customer in the amount of $497,600. This customer holds convertible debt which the Company is obligated to pay them in the amount of approximately $428,000. The Company is currently negotiating an agreement with this customer to offset the convertible debt against the accounts receivable.
This was found in the section under the large Iliad/Fife note and in several other places through the 10Q. Is the $428,000 the money owed to Iliad for that large revolving line taken out in October 2014? Or is it from a note of a different source not elsewhere documented? I assumed it was the Iliad note based on where the information was disclosed.
Berge: You are correct.
Bergio International Reports Second Quarter 2016 Financial Results
Net Income of $91,000 for the Six Months Ended June 30, 2016 as Compared to a Loss of $744,000 for the Six Months Ended June 30, 2015
FAIRFIELD, NJ -- (Marketwired) -- 08/16/16 -- Bergio International, Inc. ("Bergio", or the "Company") (OTCQB: BRGO), a leading diversified jewelry designer and manufacturer of fine jewelry today reported its financial results for the second quarter of fiscal year 2016 ended June 30, 2016.
Highlights
During the six months ended June 30, 2016, the Company showed improvement in its operations, and continues to pursue new opportunities which we believe will provide a basis for future growth. The Company is also negotiating with its lenders to minimize its convertible debt, as well as exploring alternative sources for financing to fund its plans.
Income from operations was $38,449 for the six months ended June 30, 2016 as compared to a loss of $257,385 for the same period last year.
Sales increased 30% for the six months ended June 30, 2015 as compared to the same period in the prior year. This increase is primarily attributed to a large sale to a retail customer in the amount of $497,600, which accounted for a majority of the sales for the current quarter. The receivable from this sale is intended to be offset with convertible debt which the Company owes to this customer.
Net income attributable to common shareholders was $99,471 as compared to a loss of $744,250 for the six months ended June 30, 2015. For the six months ended June 30, 2015, net loss was negatively impacted by non-cash expenses associated with the accounting treatment of the convertible debt. These non-cash items, including derivative expense, amortization of debt discount and deferred financing costs, change in fair value of derivatives and gain on extinguishment of debt totaled $$439,103.
Working capital improved by $139,718 from December 31, 2015 and total equity increased to $435,976.
Mr. Berge Abajian, President and CEO of Bergio, stated, "We continue to work hard to achieve results for our shareholders, however, current market conditions have made it difficult for us to achieve the desired results. While the last few years have been difficult, we continue to work to position the Company for the future. Our venture with R.S. Fisher Company, while gaining momentum, has not yet turned the corner, and our retail operations have not reached the level that we had anticipated due to the market conditions, but we hope that the retail market will gain momentum so that we can take advantage of our retail operations and brand. The Company also strives to continue to keep a tight rein on operating costs. We continue to pursue a number of opportunities and remain optimistic about the future."
We encourage everyone to read our full results of operations contained in our Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission, which is scheduled to be filed on August 15, 2016, which can be found at sec.gov.
From the T/A:
Reg Shares: 1,491,676,173
Restricted: 43,373,104
Total: 1,535,409,277
No change from last week!