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WOW! Huge gains today!
48 more cents to go and I can sell. Too busy trying to pull the hook out of my mouth right now. Hahahahahahaha.
I second that AK. The reason most got into BRGO in the first place is because it was a real company with an actual product to sell to consumers. Not some phony land rights to a mine in south america or a patent for the next miracle hydrogen generator being developed in eastern europe somewhere. Berge has not put it together that after more than a year of toxic dilution and pps death spiral to no bid status, this mega R/S coupled with the A/S staying at 6 Billion will confirm to ALL that BRGO has officially crossed over to the dark side and is now like the other 99% of the dung heap, pink stock market. This move can only signal that the dilution floodgates will be wide open after the split. Everyone can see it now and I don't know how Berge expects to make any money off of selling shares. I can't imagine why anyone would buy them anymore.
So, the consensus is that the BRGO is doomed. Absolutely ZERO chance of success. The R/S is definately going through. A lot of holders possibly won't even be able to sell if they wanted too until days after. Conceivably the price could already be back into the trips by then. There is not even a rumor of pps supporting news anywhere. Considering all of this, who in their right mind would be plunking down $2500 on a doomed to fail lotto play???? Previously $6000, $4990, $2000. That's more than bubblegum money to be throwing away on a play that doesn't even have "lottery" odds of success.
Oh I'm sure somebody just unknowingly dropped 6 grand on a lotto play.
How do they get away with that?
I can tell you DD that the "few" are at their own crossroads with BRGO the stock. Too late as most here proclaim but, there none the less. While some of us still believe in Bergio International as a company, WE ARE ALL at the put up or shut up point with Berge. #1 question right now that none of the "few" are trying to explain away and can't conceive any rational answer for, is the post split A/S staying at 6B. This is an unexplainable action that is in direct conflict with any promise for consideration of common stock shareholders. Berge is hearing this from even the staunchest supporters of Bergio International. So yes, everyone has a red line and Berge is about to cross it with everyone.
It would be nice to see the ask being reduced proportionately.
Straaaaange stuff going on here. Imminent R/S and maybe 100 million shares are still going to get soaked up before the day is out? Really? On the first trading day after the filing comes out? So who would be in a position to profit unless they are gambling there will be some kind of news to pop this ticker before the R/S?
White flag is waving. Lotto play for me didn't work out. I agree that the A/S speaks volumes about Berge's concern for shareholders. It would have been an easy bone to throw to keep the A/S to 2 or 3 billion. I can't say I didn't really think that this R/S wasn't necessary and coming. Was hoping against it but. I WAS WRONG.
As far as buying interest goes, it looks like someone is having no problem soaking up all these shares at .0001 since the big slide to no bid. Seems like more than individuals grabbing a few milly for a lotto play.
I understand. I know many have lost much. I was kind of late to the game here and my investment is not currently doing so hot but has not yet crossed the point of no return. Berge is seeing now that PR's without REAL substance will no longer replenish the BRGO "well" to sell more shares. At this point he could double the A/S but if the market is unwilling to buy them then it's no longer a viable revenue stream.
Everyone in my position is sitting at the same crossroad waiting for verifiable news. Just hoping it's not a reverse split. At least not until there are some vastly improved revenue numbers to go with it.
Just my opinion for what it's worth.
To be honest, the filing and PR lacked the definitive clarification on some long awaited points that I was looking for. The P/L portion was not shocking. Lackluster, but not out of the realm of what I expected for this quarter.
So much for the filing and news. B/A is right about back to where it was.
Why do you think BRGO got rechilled? Do you know? Please tell....
Welcome Back!!!! (To the theme song of welcome back Kotter)
Yeah, I think everyone is on the same page about this one. Without this piece of the puzzle being answered and put to bed, almost anything that Berge could PR is moot.
I totally agree Pres. Many traders are always looking to be in on the ground floor of the next "Microsoft" waiting for the stock to go exponential so they can start raking in the retirement cash but, I don't see that in the near future for BRGO. I alluded to the slow and steady growth strategy in a previous post.
If you want a real, unadulterated opinion of something, you made the right choice by asking Krony. He is very knowledgeable and has been involved with BRGO for some time.
Hahahaha. Gotcha FDR. I thought in your vast and well respected wisdom you were forecasting a forward split. LOL, my bad.
F/S ?????????
I don't know? Do you have anything that states that? I'm not going out of my way to defend him. I would just like to know more factual information if it is available. Please forward to me if you have some.
And Berge is making record earnings how? Not saying he's living on food stamps in a 1 room hut but he's not skimming nearly the money most sub penny pinkie CEO's take for themselves. The company still owes him money.
From the 10-Q:
So while were learning about the market during this lull in the action, who exactly makes a trade for 20 cents worth of stock????
I think "Joe trader" would at least lay out for 10 bucks worth or so even if his intent was only to paint it.
I agree that the "perfect storm" of news you described would get the ball rolling. I'm just saying all the cheap shares now in the system are going to be like slogging through mud for awhile. It will look just like actual dilution.
It will be a tough uphill battle regardless of the quantity and quality of news from now on. Even if there is no R/S there are sooooooooo many cheap shares out there now that will bog down any kind of buying pressure that might come. I don't see many who own them holding for very long if there is some kind of run. An R/M pump is about the only thing that gets peeps to tighten their grip and pass up 100% profit. PR's aren't going to get the pps bump they used to. It will be a long road back even if Berge doesn't throw us under the bus with a massive R/S.
Even after that, they are picking away at those 1's on the ask. Over 50 million since the mudslide.
First time for me to see that "mudslide" also.
Full Disclosure: I personally picked up all the .0001's that were dumped today.
NITE and ETRF are doing some kind of funky dance. Bid's been all over the place. It does look pretty hairy for the faint of heart though.
I'm sure the more knowledgeable traders here can correct me but, when channel flippers get filled on the bid they usually throw them right on the ask with a GTC order. They just want to get inline and flip their shares. They are usually very disciplined about this routine and are not really concerned about the stock "running". In this case they take the 100% from 1 to 2 and are good with that. If a sell order is a GTC, doesn't it stay on L2 even after the market closes?
Thanks to VNDM jumping in to help shore up that wall at .0002 that's being built. Sheeeeesh!
It was theorized that ONLY note converters could be shorting. The following quote is direct from Ihub.
No. This was explained to me long ago on this board. Those small transactions are simply an investor that was willing to spend $4.99 to "clean" some leftover shares out of his portfolio. At least that's what was countered to me when I suggested that there might be a wee bit of manipulation going on. What do you think??? Hahahahaha.
Never know. Could have been a very indecisive seller. hahahaha.
No Charlie, I didn't see that. I just was seeing about 37 mil for most of the morning then it popped to 190 or so. Also, the bid had over a billion to start out and is now down to to a little under 800 mil. Just a little fair and balanced reporting is all.
Substantial addition to the ask through NITE at .0002 for those without L2. 150 mil. or so?
I'm sorry. I'll be more specific. As to the portion of your post that definitively states that the upcoming financials will be worse than the last quarter. You are predicting this based on ???????? Please share.
Your opinion is based on??????? Please elaborate.
Over 1 billion sitting on the bid. The audience is present and plenty of eyes on this ticker if things continue to unfold in a positive manner. I believe there is more good news already sitting in the hopper ready for release with the upcoming financials.
Thats the only thing I was asking. Probably, most likely, could be, are still speculation. The fact that most brokers don't allow it and the one's that do require 2.00 to 2.50 PER SHARE in a margin account, yes, make it very cost prohibitive. My point was that there are entities or groups that DO short these stocks and could be an alternative to a note converter YO! I'll never understand as much as most do. That's why I still need a day job.