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Nice move today with a “major press release early next week.” Monday can’t come soon enough.
$GRPS
Bergio International Announces Acquisition Of Global Online Jewelry Retailer, Aphrodites
7:34 AM ET 2/18/21 | Dow Jones
Transaction Immediately Increases Company's Projected 2021 Revenues By Over 16.5 Times Its 2019 Revenues Of Approximately $600 Thousand; Transaction Compensation Was In Stock & Cash.
FAIRFIELD, NJ / ACCESSWIRE / February 18, 2021 / Bergio International, Inc. ("Bergio," or the "Company") (OTC PINK:BRGO), a leading designer, manufacturer, and retail outlet for the Bergio Brand of designer jewelry, including exquisite proprietary collections of rings, necklaces, earrings, and other fine accessories today announced that it has acquired all the assets and liabilities of Aphrodite's, from Digital Age Business, Inc., (the "Seller"). Aphrodite's had revenues in excess of $10 million in 2020.
Digital Age Business is a cutting edge, internationally known and proven Digital & Advertising Agency with a team that has provided services and advice to high-end clients, such as Audi, Cisco, Coca-Cola, Cheetos, and Maserati, with branding, marketing, web applications, mobile applications and consulting & trend analysis services. Digital Age Business now launches and invests in exciting companies in technology & eCommerce. They are known for their forward & dynamic approach to digital-based business concepts.
Aphrodite's was a premier company from the Digital Age Business portfolio that grew to over $31 million dollars in revenue in 4 years from its inception at the end of 2016. An audit is being conducted as part of the acquisition to fully include Aphrodite's financials with Bergio's.
Jonathan Foltz, CEO of Digital Age Business, said: "The vision of Aphrodite's was to leave a considerable footprint in the women's lifestyle industry with something new and exciting around the globe. We have grown incredibly fast without a single outside equity investor, and I believe it is time for us now to get to the next level. We most definitely cannot do this alone.
With the support from Berge Abajian, an incredible business mind and 3rd generation jeweler, we are adding important components to the business of jewelry & accessories, including Bergio's connections to factories and manufacturing and operational skill sets that are needed. I am seeing incredible synergies between the two companies that will highly benefit from each other's collaboration."
Berge Abajian, CEO of Bergio International, Inc., stated, "We have always intended to expand the Company's retail brick-and-mortar presence across the globe, but with the technological platform and personnel's expertise we have acquired in this transaction, we can now also immediately become a direct to consumer 'player' in the global internet jewelry market.
For the past few years, we have been getting ready to become active in the acquisition of additional footprints globally, and we feel that the acquisition of Aphrodite's will make us even more attractive to target companies because we now have, in-house, an enviable synergistic team composed of Bergio's traditional know-how merged with the 'young Turk' entrepreneurs' knowledge and specific expertise in the technological aspects and marketing ability in the online global marketplace. The ability to potentially increase a target's revenues with our worldwide presence and technological know-how should be extremely attractive to potential acquisition partners...plus the ability to have access to financial resources for growth and to be part of a publicly-traded company with ownership equity will make a lot of sense to a multitude of companies."
Well I guess my .034 at market open was a gift. Big news here.
Loaded up on some cheapies today.
So you’re saying the market cap of this company is going to $133m this year? You do know last year’s revenue was around $550k and 2020 might be a tiny bit higher? Despite the paying off of notes the company is still in major debt, especially compared to its paltry revenue numbers.
Probably not going to get the 10K before 4/1. He usually doesn’t not do it early and often files for an extension to file it after 4/1.
More than likely not. He rarely does it early and usually does the extension.
The 10k is due on 4/1. They have 90 days after the 4th quarter.
I’m just here trading the volatility. If I see the share faucet truly turn off I may be here longer term. The consistent O/S updates are an encouraging step.
Not long ago this was at $1. Of course that was right after the 1/10000 r/s. Not long ago was also had an O/S of <600k shares. At last count it was over 118m. So let’s keep things in perspective.
Per CEO today is the last day of the S1.
This post will not age well.
Due by 4/1.
Hense? Here it is in link form:
https://www.otcmarkets.com/stock/BRGO/profile
Here's one, from otcmarkets.com:
Shares Out
118,877,161
01/25/2021
Last time I posted this was 1/14, it was 94,672,494. That's what, 25% increase in 11 days?
New O/S: 94,672,494
The float is around 90M.
So who loaded the one share today? Is that a Hail Mary?
Which apparently isn’t much, given the dismal volume.
Incorrect. The float is now 92m since the CEO claims to have cancelled his 17m common shares that he awarded himself...or he sold them.
And yet the O/S continues to increase and the price continues to drop. So what’s changed?
So here's my answer as to who's selling: Outstanding Shares
90,827,238
01/05/2021, up 8M since 12/21
So who’s selling?
Not really. In 2012 and 2013, BRGO did $2m+ in sales in each year. 7 years, 2 reverse splits and hundreds of thousands of dollars borrowed at shareholders expense later BRGO will wind up with about $600K in revenue this year, despite having 2 storefronts.
So where are the Hail Mary buyers?
Successful and 1/10000 reverse split do not belong in the same sentence.
How about learn from the past so you can move with the future?
Uhh when it was .02+ a few weeks ago, yes. And by the way, even the .02 recent high is 98% lower than the previous all time low. Maybe ballooning the O/S from <600k to >80m in a year has something to do with. But we’re not being diluted...
By tanking?
And then it isn’t
So where’s all of the, what are we calling it now, Hail Mary buyers with all of the fantastic news being release here?
One more red flag: given the history here, I have been begging the CEO to periodically post the O/S since the t/a has been gagged for many years. He had ignore my requests. If the stock is not being diluted and he’s on the level, why would he not comply with this easy show of trustworthiness???
Ok how about the 1/10000 reverse split from last year then? He also said right up to the happening that it wasn’t happening. I’ll go back to my original questions, with all the great news here why has the stock gone from a high of .023 to .0055 and stayed there since?
Sorry I don’t have any “links” to our conversations from 6 years ago. I suppose you can look at the tweet history or the postings here. Do some of your own research.
So what is it when a CEO tells a shareholder he’s not reverse splitting several days after he has filed it?
So if the CEO is doing such wonderful things for shareholders how did this not at least double today on 1/3 of the O/S traded?
More great news. Again I’ll ask, who’s selling? Is it the weak hands again?
Which he changed to shares and will sell to us. So not really.
Been there, done that, turns out conversation meant nothing, he still did what he did.
Ask yourself, with all the great stuff happening, why is this at .0055 instead of .055? It was over .02 a couple of weeks ago and has done nothing but drop with the share reduction, “paying off” the notes, share buyback, etc. Does anyone know the current O/S?