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Yes, he should have addressed the RS question. Many have asked him to, so that is a potential concern. However, only Yahoo has picked up on this news so that's a big part of the little-no-reaction as well. I guess that's what happens with these discount News/PR outlets.
$BRGO this is impressive news on several levels. For one, Sterling mentioned here own's Kay/Jareds right? A test order of $100k on those lines could be massive news in the months ahead (leading into the Holidays). $50k private placement is quite good too. As is the negotiation on the existing note and future expansion.
Very Nice! Could see some massive movement here, strange that this news isn't showing on iHub yet (only on Yahoo?)
Wow, this is honestly some good stuff!
* Test order with Sterling $100k
* $50k Private Label
* DTCC chill (not good, but already knew)
* Funder to purchase existing note and funding future expansion.
Not bad at all.
hahaha, ok...
Agreed Krony! I too was scratching my head at the statement "based on fundamentals..." Inventory alone based on fundamentals should place us at or around .0006+.
And yet my low-ball estimate was .002 which is a realistic $11m. We'll see what happens... btw- where are those big 50m+ dumps at .0001? All we've seen is a trickle at retail 1's.
Those predicting a r/s are also going out on a limb as well but met with far less friction . Simply highlighting the double-standard here. OK to discuss r/s, but don't state that there is hope for this to turn around.
Really, just a hunch. You know we can't be to precise on these guesstimates. But I do think Berge is going to bounce back. The general perception has been rather negative for sometime and rightfully so. He'll either bounce back strong or ignore his shareholders, think he'll bounce back -to some extent. Hopefully, anyways...
I *mostly* agree with this sentiment. I'm expecting .002-.005 withing 1mo. from now. Right or wrong, up to those with the Crystal Ball to for tel (i.e. Not I).
$BRGO - Anticipating a PR in the next week or two. Hopefully it will include confirmation that all notes have converted, details on the private-label placement and other positive news. Trading at .0001-.0002 it is a lotto play, but may be a winner if the CEO delivers positive news for shareholders.
On the positive side, the company does have ~$2 million in inventory, sales, international customers, up to date financials, real products in gold/diamonds.
We'll see what happens.
Let's please keep the focus on the company/stock, not specific posters. Each and every one of us have our own views based on our own DD/experience. None of us are anymore right than the next. Again, focus on the company/stock.
I agree with many of your points Ludar. I'm greatly troubled by the lack of communication from the CEO, irresponsible use of convertibles, claiming the notes are nearly done and 5 months later still no confirmation. That said, many of us that invested in this company for the mere fact that the company does indeed have products, decent inventory levels and sales. Something which is not entirely common in pinkies, especially at this price.
With improved communications, this perception can and would change to some degree. The fact that there is little-no movement here is a testament to the history and distrust that has resulted from past actions. Communication improves, deals happen, sales increase, convertibles verifiably complete and this could become an entirely different ballgame/company. Will it? Not up to any of us here.
Thus, we wait...
Never said I was excited, only something to keep an eye on. Pretty boring day, week, month (or three). -IMO.
Sure, another possibility.
The bid has dropped by about 80m today. Wondering if yesterday's bid above 1b was inflated for the purpose of the cross-trade or just losing interest. Could be buyers at 1 have given up the wait and preparing to hit the 2's. Either way, something to keep an eye on.
Past couple days we have seen some positive movement. Hope this is the new trend. We shall see... Bid up 30m more too. Interesting.
If it was 50-100m, I'd say they know something. Otherwise, just speculating since we are long overdue for a PR. Berge is very careful about what he says so I doubt anyone knows anything.
Good morning all. We're at a critical cross-road. I understand that sometimes deals don't work out (wholesaler). I understand the initial need for equity financing. I understand why initially shopHQ seemed like a nice deal (the reality differed, however).
What I do not understand is why there is silence from our CEO at a time when assurance is most needed. I do not understand why the dollar amount from the private label cannot be reported to those who have invested their own hard-earned dollars into this company. I do not understand why the CEO can't reassure investors that he is not going to wipe them out with a r/s. I do not understand why the CEO can't give us an update on where we stand with the elimination of the convertible debt.
I do believe that things can change for the better. BUT, what we don't understand must be understood before that can (or will) happen.
Certainly agree with this, it is long overdue. While I don't expect him to PR it anytime soon, it would get things headed in a more positive direction. Good morning all. Still hoping for the best here, about all any of us can do at this point.
Nope, nothing...
Investor confidence at an all-time-low, as is the SP. Will we rebound or drift further down into the abyss? Totally up to Berge, he's driving we're just passengers on this bus. I think we've hit every possible pothole along the way. Our Destination is unknown, hoping he drops us off on penny lane but looking less likely with every passing day of inaction.
If this were my company, this is where I would start:
1) Halt all activities that do nothing to increase sales/revenue.
2) Find out exactly what notes haven't been converted and get a timetable for their completion. The end of notes should have occurred months ago. Someone clearly doesn't have a good handle of the status and needs to get one. Then PR this timetable and/or completion.
3) Reassure investors that no r/s is planned/imminent in a PR. Afterall, less than a year ago this statement was made on our conference call (Link: http://wiki.advfn.com/en/BRGO_InvestorCalls_20130829 ):
What we have here is a failure to communicate. Berge, can we please fix that? Your shareholders want to know what your plans are to turn this situation around. Certainly not an unreasonable request.
Sounds about right here. I did get a reply from Berge that he'll be back in the office on Monday. That's about all I can add.
Excellent e-mails Krony. I've also contacted him with absolutely no response. I don't get it, Bergio is his baby and it's drowning. You would think he would care more about his company (and stock) than this. I believed that Bergio would be a great company in the future, but Berge is showing he absolutely does not care. His time is running out to turn this around. The question is, will he?
My one post for the day...
Looking forward to something positive here. Shareholders are growing weary waiting for something positive. For starters Berge, why not let us know the size/scope of the private label order(s)? It wouldn't reveal the "who" and perhaps provide a positive that can help reassure investors. Assurance has not been a strong point in recent PR's. Time to turn this around. A r/s will make the problems much worse, an increase to the a/s won't help when the SP is this low. Delivery of positive news (well-written and precise) is what can change all this rather quickly.
IMO/GLTA,
AK
News out...
Link: http://www.advfn.com/p.php?pid=nmona&article=62714818
Bergio International Clarification on Previous Press Release
Date : 06/26/2014 @ 1:24PM
Source : Marketwired
Stock : Bergio International, Inc. (PC) (BRGO)
Quote : 0.0002 -0.0001 (-33.33%) @ 1:13PM
Bergio International, Inc. (PC) share price Chart Financials Trades Level2
Bergio International Clarification on Previous Press Release
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Click Here for more Bergio International, Inc. (PC) Charts. Bergio International Clarification on Previous Press Release
FAIRFIELD, NJ--(Marketwired - Jun 26, 2014) - Bergio International, Inc. (OTCQB: BRGO) ("Bergio" or the "Company") announces a clarification.
Berge Abajian, CEO of Bergio, stated, "I have received several calls and emails from shareholders regarding our previous press release. Bergio will continue to operate as usual by selling through retailers around the country as well as with Neiman Marcus. As of this point forward, our new Bergio Boutique will supplement our current business model as opposed to replacing it; we are trying to find different avenues of revenue with higher margins for the company."
He continued, "As I have previously mentioned in a press release, we already received a substantial order for our private label program at the JCK Show as well as several meetings scheduled with major stores for our program. Nothing has yet materialized, but once negotiations have become completed details will be posted."
Good post, lets all learn by example of what not to do:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103653959
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103653845
Very nice to see
Not paying the PM fees per month. If you want a reply from me, drop me a PM with your e-mail address. Sorry, times are tough
Thank you and Good luck to you RGali. I'm hoping there is a change of heart, but won't be holding my breath. I didn't mention it in my prior post, but an update on the notes was the #1 item that needed a status update (many of us made it VERY clear). PR'd in Feb. that we're "almost done", we're sitting in June with more conversions (though, apparently slowed/stalled) and no deals on the table. It's an all-new low for Bergio. The Bergio store, I'm afraid will cost more than it's worth and more debt for shareholders. If he truly wanted to open a store, he needs to get his company profitable first. Cut expenses to the bare bones, increase revenue and get there. Shareholders are about done which is clearly evident with the current SP, we won't fund the new store.
Krony has asked time and time again about the status of the notes and is simply brushed off. I ask, it goes ignored. Given last week's PR, I see we aren't to expect much, in the short-term anyways. I truly hope he'll turn this around, for all of us and for Bergio. I wanted to watch a company go from sub-penny to big-time and thought Bergio was "it". Early on, Berge had what it took to take the company places. Somewhere along the line, something changed. I don't know what it was/is... He certainly has what it takes to become successful. He has the talent, had the focus and confidence. Hope he can find his mojo again.
Guess I'm next..
Well said Ludar, well said.
No, not the case. Both Krony and myself are still here. I won't speak for him, only myself...
After having more time this weekend to contemplate... I'm PO'd about last weeks PR. Berge knew how important that PR was and frankly appears to care less. He could have focused on the private label wholesale/retail, sales resulting from JCK, etc. but instead, he seemed more proud that the wholesaler deal fell through. There was no plan "B" for FaF. He was honest the deal fell through, that I give him credit for, but I felt seriously let down that there was no backup plan. It's not like he didn't have a year to think of one.
It sucks. I (and Krony, again not speaking for him) invested allot of time, research, discussions around trying to help us all get the most up-to-date information possible. I've spent several hours keeping the Wiki updated as has Krony with the sharestructure. I thought Berge was wanting to build a successful company and allow investors to share in that growth. What do I say now? I honestly don't know.
So yea, I'm not going to say much more here until Berge considers working for his shareholders and not the note holders.
No, certainly not a carrot. He needs to provide more information rather than a brief statement. If it was truly good, he would have said something more. I don't know, getting pretty perturbed at the whole situation. He knew how important this PR was. I understand deals fall through, that is why you have a plan B. I don't see a plan B here... Selling FaF exclusively in your own store, that you haven't opened, on funds you don't have isn't exactly a plan to me. That's what's most concerning.
We won't know until he gives us more info. But, from what I'm reading about a "Private Label", it could be very beneficial to both parties. The mfg. sells the line in bulk, above cost thus generating (potentially) substantial profit in volume. The buyer (wholesaler, retailer, etc.) marks up the cost 20-40% and makes a nice return in an industry that may not be their core-competency (i.e. like Tiffiany's, Izod, Polo, etc.)
Not going to get too opinionated here, just state we need to learn more about this aspect. Might be why we saw the late afternoon surge, someone may have put the puzzle pieces together...
OK, didn't know what a "private Label" program was, so looked it up. It's pretty damn interesting too, good eye Bri-bri! :
http://en.wikipedia.org/wiki/Private_label
I'll delete my post and wait and see what happens. GLTY
Berge usually PR's around 10:45am Central time. Let's see if that is close... Of course, I'll be out around that time so I'm sure I'll miss it. At this rate, may be next week. Who knows.
Happy Birthday Brian! Hope you get a big BRGO Birthday gift in the form of a PR from Berge. I'm right behind you on the bday...