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More likely not. Berge does not PR or tweet for you. He does it for the note holders today and always.
Wow almost 300m traded and it goes…nowhere. But what was that about dilution ending?
“And when a guy says dilution should slow down from here, and then you keep seeing dilution - that doesnt make him a liar.”
What does it make him then? And if/when we see the 10K and see more notes taken in the 4th quarter, what then? What would that make him?
I used to think that as well, however shareholders have never been more than an ATM for the CEO. There have been 3 R/S’s since 2009 and BRGO is well on the way to another one. News has always been followed by or in conjunction to a share dump by the never ending conversion holders. A company with this high of a gross profit margin should not have dumped 14 billion shares from conversions over the last 10 years.
Nope. If there are notes converting now they’d be at around .0007
O/S as of 3/8: 2,504,721,221 up a minuscule 500 million in 13 days. And still diluting away.
We have a far better chance at .0006. IMHO
Yup, but the question is how many? We know of a couple hundred thousand dollars worth through Q3 but not anything after. We'll see an update on the forthcoming 10K.
Latest O/S:
2,179,839,231
03/03/2022, up 175M+ in 6 days. Plus whatever is dumping today. I'd say we're a couple of months from more reverse split talk.
It's funny to me when the CEO uses a PR about "ending" dilution to help noteholders dump shares, thereby diluting the stock. It remains to be seen how many new notes were taken in the 4th quarter and 1st quarter of this year, which will be revealed on the coming 10K. Anyone who things they're won't be any is deluding themselves about the CEO not diluting the stock.
But we won’t be without convertible date. Not now not never.
Latest O/S, as of 2/25: 2,003,243,481
02/25/2022, an increase of "only" 279 million in 16 days. But what was that about BRGO being just about done with dilution?
Right. You're post will not age well. They were close to done 8 years ago as well.
Yes but they can dump more shares at a higher price if they have the CEO working for them and not the shareholders.
I'd have thought "we" would have been there by now with this news. This was a share dump PR by our CEO.
Excellent job by the CEO releasing these numbers today, for two reasons.
1. Obviously this was done for a noteholder's benefit, judging by the volume and zero price move. Stock will probably close red today, imho.
2. When the 10K does come out, the possible pleasant surprise has been removed from the equation. The only thing new we'll find out is how many new convertible notes he took in the 4th quarter.
Note to "investors", EVERY piece of news or tweet is for the benefit of noteholders. If shareholders glean any price movement, it is merely coincidental.
Actually no. Because now the sales numbers will already be baked in, and what we’ll find out with the 10K is how many new notes were taken in the 4th quarter. That will be only variable.
Wow, great news! Now who’s selling?
Or down, which is more likely
Sure it does now and will...until it doesn’t. And it won’t.
With the company, yes. With the stock, not so much.
There will be another r/s. He denied the last two were happening right up until they did.
Nope. It is Berge causing the problem. The stock and its holders are his atm.
That’s where you go off the track. There is always another seller here. In addition to the big note company also took several hundred thousand dollars worth of smaller notes in Q2 and 3, that are just coming due. Plus we’ll know what they took in Q4 when the 10K comes out. These are all post acquisition notes.
This was .05 after the news of the first acquisition which it quickly tanked from. And that was over a billion new shares ago.
You guys really believe people can/are shorting this? No one is.
Green compared to what, yesterday? Probably not even green compared to what it is now(.0017).
Congrats to all you winners. The dumping should be starting any moment. Converters got their's at .0005 or .0006. When it starts it'll drop off a cliff, IMHO.
And you know that, how?
Typically, noteholders have used the announcement of paying off a convertible to dump shares, ironically. Let's see if that happens today.
You’re assuming(and of course CEO didn’t tell you) that no new notes have been taken since September. We’ll find out when the 10K comes out if there’s more.
Never has here and never will. R/S in 2014 and 2019 and heading there again now. Read the filings, there are always more notes
Nope, it never ends here. And the fact that you’re here proves it.
Yes, wonderful. So why had the price not skyrocketed on such a positive?
Yeah, no, these have not started yet:
On July 20, 2021, the Company entered into an 8% convertible note in the amount of $55,000 less legal and financing costs of $3,750 for net proceeds of $51,250 with Power Up Lending Group
On July 28, 2021, the Company entered into an 8% convertible note in the amount of $48,750 less legal and financing costs of $3,750 for net proceeds of $45,000 with Power Up Lending Group
On September 14, 2021, the Company entered into an 8% convertible note in the amount of $78,750 less legal and financing costs of $3,750 for net proceeds of $75,000 with Power Up Lending Group.
On October 4, 2021, the Company entered into an 8% convertible note in the amount of $53,750 less legal and financing costs of $3,750 for net proceeds of $50,000 with Power Up Lending Group
$230K worth. I wonder how many more shares "investors" will need to chew through? And this is on top of the $1M+ in existing notes.
Plus we don't know what he's taken out since October. The 10K will tell us.
Plus again, we still have several million dollars of SBA loan he took to pay off the defaulted notes dating back to 2014. That will have to be paid back at some point and will probably lead to another round of convertibles. But that's just me speculating based on 10 years of tendencies. So we won't count that.
Oh I wasn’t on the propaganda call. I just know the 10K is due 90 days after the 4th quarter ends.
Outstanding Shares 1,724,034,579 as of 02/01/2022, up only 398M from 3 weeks ago.
Also we’ll get earnings in 8 weeks not 3. The 10K is due 4/1
The PPS was .06 over a billion and a half shares ago, when the acquisition was announced and before investors learned how it would be paid for.
“PPS is not important till the note is not fully converted.”
1. What does this even mean?
2. PPS is ALWAYS important. I mean that’s how people gain or lose money on a stock, no?
3. If your statement means what I think it means, that PPS is not important till the note IS fully converted, then the PPS will NEVER matter since after the $1.5M note is disbursed, there are many hundreds of thousands of dollars in other notes taken throughout 2021 to keep the lights on. They'll have to be converted. And then there is the several million dollar SBA loan the company got to pay off the defaulted notes from the 2010's, that will have to be paid off. I wonder how that will happen?