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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So going from .10 when it reverse split to the current .0085 is, what, good for shareholders? Nothing has changed here.
There will be a LOT more where that came from...and at lower prices. Look at the terms of their acquisition of Aphrodite, will be paid for in shares, as this one undoubtedly will as well. That's how a company with $600K of annual revenue of their own acquires others...the shareholders pay for it.
Wow, what a great day. Ask yourself why this trades 2.5x the total outstanding and is only .014 and not .14? Wonder what the O/S will be tomorrow?
Ha ha ha, many times actually.
Wow no dilution for nearly two days. If you look, the O/S has been steadily increasing, and it will increase faster the higher the O/S gets. I'll say it again, this is a trading/flipping stock, "investors" will get burned. I learned from that mistake years ago.
Latest O/S: 244,034,178 as of 05/04/2021, an increase of 72M from just a couple of weeks ago. Can't wait to see this spun as a positive.
Sure, so will operating cost. So it’s all relative. Big thing is that the acquisition has to be paid for and it won’t be by a company doing $600k revenue/year. It will be paid by several billion new shares, so as usual it will be us, or rather you.
The increase in O/S has just begun. How do you think BRGO is paying for the acquisition and or for the loans they took to pay off the old convertibles?
He’s right. It’s most people. Shareholders will pay for the loans Berge used to pay off the existing notes and shareholders will also pay for the acquisition. If this is a low float gem explain why it went from .054 to .008 with this fabulous share structure.
Didn’t quite get there did it?
Wow this is ghastly
Right weren’t all businesses closed in March of last year?
Right, what he doesn't say is that the long time convertibles are being paid with other loans and/or direct sales of shares. It's like taking a dollar out of your left pocket, putting it in your right and saying you made a dollar.
That alone should make you wonder. They just bought another company with much higher revenues, and the stock tanked 85%.
Except the real bottom is .0015 which is BRGOs partner’s conversion price and the reason the A/S was raised to 3b so quickly. .007 is for the suckers buying the direct sale.
Eventually they won't be, by you also. Notice how we are down what, 85% since the announcement of the purchase. The shareholders are buying that company, not BRGO, or at least they are paying for it. You'll have plenty of shares to buy in coming weeks/months.
Ha ha, we’ve been waiting a loonnnnggg time for that.
O/S is now 170,285,557 up another 8m(5%) from two weeks ago. But there’s no dilution.
Amazed that no one, including the CEO or anyone here has said a word about the dismal 10K. Minuscule revenue that barely covers the outstanding convertible debt plus conventional loans. Company continued to take convertible loans even after “paying off” the previous open ones with other loans. 13 years of diluting the shareholders and the best they can manage from 2 physical locations is $584k?
Excellent logic
O/S now 162,193,157 as of 2 weeks ago, up 8m from mid-February. The more things change...
I disagree. If they weren’t diluting they’d be updating the O/S imho.
I’m noticing the O/S updates on otc markets have stopped, last one was a month ago. Wonder why?
Watching the price sink 80% when the company makes a huge acquisition but then you find out that shareholders will be paying a horrifying high price for it will kind of make you a little pessimistic.
So being down 80% is “weathering the storm”? How about the CEO once again going back on his word and making more deals that enrich the company on the backs of his shareholders?
And this O/S was posted on 2/24, 8 long days ago.
And real huge dilution coming down the pike, which has always been the great fact about this real company.
They were on pace for maybe $600k in the year that just ended. If you believe the CEOs exuberance over the 4th q maybe it was $700k.
Which is interesting because with 154m shares, he’d still be under the 1b A/S even after this share transfer. This deal is massively dilutive plus there will be more to follow.
Who can short this? Look what’s happened since he released the great news. We had a 1.1 day rally, it went to 5 1/2 cents and then plummeted below 2 cents. O/S went up again for at least the 2nd time since CEO insisted it stopped when the S1 ended. He’s always said one thing and done another. How is he going to pay off all the debt he just transferred(not paid) from convertibles to conventional loans, plus the company he just bought? Through adding more shares as he has always done.
O/S now 154,484,458, up another 7m from a week ago. The S1 ended a month ago, the share spigot has not. Shenanigans.
Mostly about how he’s going to finance all these ventures with $600k in revenue. He did not like the implication or that I called shenanigans here the other day.
So my reward for asking the CEO the tough questions is to be blocked from Twitter. I feel honored.
Same. Not holding at the moment but have been trading. I learned the hard way not to hold this for any length of time but to sell every pop. It always goes back down. Always.
Of course he is. Shares have been the currency since day 1.
So with that kind of news ask yourself why the price is lower than when the news was released? Why is it not .10 today?
O/S 147,142,212, up nearly 28m from a month ago. Supposedly direct sales stopped on 1/29. I’m calling shenanigans.
Never been any doubt of his skill as a jeweler.
So glad I sold at market open for .054 on Friday. I noticed we haven’t gotten an updated O/S for a month now either.