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"The Best" ??????? Wow. You should work on that self esteem issue.
Wow. That was so original I pulled a muscle in my brain when I read it.
So do you think it will ever go back up? Ever?
I heard that FDR. That's why no matter how much I think I bought a winner, I never "marry" a penny stock with all my money. My position in BRGO is such that I can afford to lose and or wait. While I think I'll profit from this trade, I never intended to score a retirement trade. Pinkies are a gamble to say the least but, I at least try to play the odds.
Another T-Trade?
NITE is a wholesaler and the reigning boss of the penny stock world. As long he has shares to work with ( by the looks of it his boat is loaded to the brim) he will control the action unless a tsunami wave of momo forces his hand.
Wait!!! What's that I hear?????? It's still off in the distance but getting closer. It sounds like rushing water headed our way Like a huge wave. Hahahahaha.
More MM posturing. If peeps were really that scared and trying to get out, they would not be trying to get in that line at 5. They would just dump on the 4.
Hahaha. NITE holding his place in front of the V brothers. He says if anybody is getting 5's it's gonna be him.
Right on Krony!!!!
Excellent assessment of the CURRENT status of BRGO. While it is unfortunate that Bergio International was not an immediate success in the public stock market, what it HAD to do to in the past to remain a going concern is pretty much irrelevant at this point.
Real company, real product, accolades from industry for product design. No way Bergio is falling off the Jewelry world's radar. Just a matter of time. It takes as long as it takes but, just a matter of time.
BRGO will soon produce verifiable news that will drive the pps to multiples of it's current price. For those that have traded this smartly, you will be rewarded with X/baggers and plenty of chances to profit. When (not if) the news comes, I will be cashing out enough of my position to ride free shares and watching to buy back in on any market dips. IMO
p.s. If not, then hey, I'll admit I was wrong.
I don't think ANY retail is getting filled on the bid. NITE is just loading his bucket as usual.
I hear ya. The "V" brothers gotta go but, my immediate concern is NITE sitting on both sides with a bucket full of shares. While I despise that MM with a passion because I have seen them time and time again hold my stock from running, to me their presence indicates they think they can turn those shares for a profit and are usually loaded for tickers they think are gonna run.
I think the penny market as a whole is due for a little reset. WAY too many tickers had substantial gains this year on relatively ho-hum circumstances. Look at the MJ frenzy. If anyone pops on this board and mentions BRGO and MJ in the same sentence I'm gonna flip out.
EASY big fella. That's borderline man crush talk you know.
Hahahaha!!! You know I'm not talking about you.
Interesting strategy CC. Selling to minimize loss. Wouldn't you rather buy a ton when the pps is really high and then hold for 3 years while you lose 90% of your investment? That way you can become a bitter, "this company sucks", basher?
Always nice to hear from you lakers. Your uninterrupted stream of new, fresh information has been invaluable in helping me make an informed decision.
LOL!! I've always said, the only people that banks want to loan money to are those that don't need it.
Good question RnR. I guess everyone has to decide what kind of character Berge has. Is he a guy that is somewhat out of his element as a business man but doing the best he can for investors or a slimy scammer that is stuffing his own pockets as fast as possible. If I see posts about him living in the Riviera and owning several Mercedes and a 100ft yacht then I might have to change my thinking a little. I guess I just give people the benefit of the doubt. In my old age I have learned to try and verify that trust though. Like everyone here, I am waiting for some more from Berge he is the former or proof from the naysayers that he is the latter.
Thanks for your response. Told me everything I needed to know.
So this is what I am asking that you provide examples of. You been here 3 years. I been here 3 weeks. Part of DD is relying on facts supplied by the "longs". No need to reinvent the wheel so to speak. Unless a person has ulterior motives they usually have no reason not give up what they know. What lies and exaggerations have been told?
As far as the decreasing pps, I can't think of any penny stock where I can pull up a chart that starts from inception and not see this typical downtrend you describe before actually "making it" if they ever do. The jewelry business is controlled by titans and I imagine takes a ton of resources to break into. Price of gold over the last 5 years?
It sounds to me like Berge relies heavily on advice from the legal eagles as far as PR's. Maybe they could do it better. I don't know.
I am not making myself out to be a seasoned long time penny trader. I do it for fun and enjoy the process. From being around as much as I have though, I do think BRGO actually having a product that IS being sold makes it different from 99% of the penny stock world. Companies with no product to produce never need to turn to toxic financing because it doesn't really cost much to hold an application for a "revolutionary" patent or own the mineral rights to some supposed mine in a third world country. This is my attraction to BRGO and I would be willing to bet it was yours also.
All CEO's are going to try and paint the best case scenario for shareholders. Many fall short. Unfulfilled projections are different from flat out lying. What do you want them to say?
The fact that BRGO is still alive and kicking, producing an actual product, and has opportunities to grow will keep me on this side of the fence. For now.
But your telling me the toxic financing was a slimy, scammy move instead of simply while undesirable, a necessary thing to do.
If you want to say Berge is a scumbag scammer then you have to give some proof that he intentionally passed up better options to the ones he chose for whatever reason. As I will say every time, I am genuinely on the fence waiting for some concrete evidence supporting some of the opinions posted here.
So who or what were the private placements available when the toxic loans were made?
Like I said, I am relatively new here and am discounting no information that is backed up by facts. I am more than happy to hear your examples of "for sure" alternatives to the supposedly bad moves that Berge has made in the harsh business/financial climate the last few years. Right now I am seeing it from the perspective of "what would I have done" if I absolutely had to. If my company needed capital to remain a going concern, do I get it where ever I can or do I simply close the doors and fold up shop. Sincerely interested in your reply.
Like I said, new information might change my mind but, as of what I know today, I'm with you. In business the last five years, if the lights are still on, your doing good. What were the alternatives to the "toxic" notes? Fold the company? How much bitching would some of these peeps be doing if their shares were for a company that no longer existed? Positive moves and positive results will be the proof in the pudding. I think we will find out which way it goes before too long. In my opinion, it would be advantageous for Berge to go into the show with the company on the upswing and looking strong. If there is good news to be PR'd, I think it will come out before then. If not, then oh well. I did not choose wisely. Hahahahaha. Wouldn't be the first time. My bets down and waiting for the wheel to stop spinning and the ball to drop.
I look at it like this:
If your child (company} needed medicine (cash) to stay alive and you were a parent with no insurance or access to this medicine through regular avenues, wouldn't you exhaust all possible resources to get it? Even the unregulated black market or in a foreign country?
Everyone agrees that the toxic loans were not the best way to go but, considering the financial climate the last five years maybe it was the only available source. Do you think Berge could have just walked into Bank of America and they were going to hand him a couple million bucks because he made pretty rings? The fact that they are getting converted and paid off no matter how bad the terms is the important thing. Taking care of the company debt is a very important factor for me. Now if it comes out that there is a whole new round of loans on the books, that could be a different story for me.
At this point in the company's life cycle you either look at the positives, think it will get better, and choose to stay or focus on all the negatives, sell your position, and move on. Monday morning quarterbacks. Pffft.
I am relatively new to this stock and my opinion is still being formed. While I listen to all, the constant banging on the same drum about the previous undesirable moves that BRGO is now putting behind itself, is quickly being removed as one of my criteria.
If there was plenty on the bid at .0004 to cover that T-trade, how does it go through at .0003?
Looks like a lot of "posturing" going on at the B/A over the last week.
Personally I would rather be involved with a stock where all the shareholders are constantly whining and crying about what a bad investment they made and how they got robbed. Doom and gloom is always preferable over optimism and focusing on positive aspects. At least that's what Tony Robinson says (I think?). LOL!!!!
So besides Berge, who else is an employee of BRGO? Do they have to be full time to take part in this employee benefit that the S8 shares go to?
So help me out with the filings.
An S1 is for shares that go to financiers to cover loans and an S8 is for shares the company itself can sell for working capital?
All good (at least not bad). Berge owes us a few cocktails for making us wait for the GOOD news.
Looks like a yearly thing end of April, beginning of May.
So what would the Lawyer do that requires 85k???
S-8 filing out.
Clinked the link in the intro and went right there.
If I was the guy running a company I would be worried about, and making moves that made and kept the business strong and successful. Creating shareholder value would take care of itself. Personally I think it is something that has been lost in the last few decades. Many times what is best for the company is not always rewarding for investors. Some of you guys make it sound like he took over an already prosperous Fortune 500 company like Coke or General Electric and ran it in the ground. It's not like Bergio is selling 2 dollar widgets. Unless your selling it at Claire's in the mall, the jewelry business is EXPENSIVE. You may have noticed that for the last 5 years, financial institutions have did a small rethink about dolling out money to anyone with their hand out. I'm sure Asher is not on the top of anyones list of places to get cash.
I worked for a company some of you may know, Global Resources. While most of the boneheads at the top were scamming losers, the biggest contributor to the eventual downfall of that company was the constant corner cutting in a rush to get a product to the market because the investors wanted to get some return. When investors are steering the ship it's the beginning of the end.
I'm just pissed that the dumpers are giving these F'n bid sitters all these 4's. Arrrrrrrrrrg!!!!!!!
To whoever is selling, I'll at least thank you for not plopping your entire position on the ask. Thanks for doing it right anyway.