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Happy Thanksgiving to all!
Thx Waterguessen. That helps!
I'll address your other question after I investigate a little more.
GLTU Friend.
Okay, I hate to rain on the parade but I have reviewed the F/S from the 10-Q just released and there are (2) red flags I see immediately.
1) No CPA firm is mentioned as preparing the F/S...(I thought I might have overlooked it but I've asked the question and so far no one has given an answer on who prepared them)
2) The Gain on the Sale of Asset (RS Fisher stake) in the amount of $48,480 which is a combination of:
CASH RECEIVED - - - - $20,527
REVERSE BS ITEMS - -$27,953
There are (2) things wrong with this...A) What is the Cost Basis of the Asset? An actual GAIN can only be recognized if you received payment in excess of your Cost Basis. According to the F/S the Cost Basis is $0 and everything received is a 'GAIN'???
B) Here's the big thing and it is very, very serious...These Financial Statements show the company as having a NET INCOME, yet it also shows Stockholder's Deficit INCREASING. This is like saying 2+2 = 3. If you have a NET INCOME, Stockholders Equity goes UP! If you have a NET LOSS Stockholder's Equity goes DOWN.
I am going to have a CPA friend of mine review this closely (I don't do accounting day to day anymore), because I want a 2nd professional opinion. If he confirms what I suspect, I will be reporting this to the SEC directly myself as a case of blatant fraud. IRS too.
This may be the reason no CPA firm is mentioned. Either one was employed but they know this isn't right and want as little public connection as possible with it...OR Berge, under pressure, just decided to forge the statements himself. Something I've seen a CEO do before, seen personally. Some CEOs have the hutzpa & arrogance to think they can do that and get away with it.
I had not looked at the 10-Q just released. I was referring to the 'last qtr' as the one ending June 30, 2017. I have been reviewing the 10-Q, especially the Financial Statements the last 30 minutes or so.
He doesn't have the funds to pay for placement. You don't get those press releases for free.
Does anyone know which CPA firm prepared the Financial Statements? If it's in there I didn't see it. TIA.
A statement you can’t possibly know to be true.
There is something fishy about this transaction selling stake in RS Fisher. Something doesn't add up and the notes say almost nothing.
BRGO was not profitable last qtr. BRGO has never had a profitable qtr. Maybe this next one will be, it would be a first!
I agree with all your reasons for low volume except the first you mentioned:
Maybe it did crash. I wasn't talking about a site crashing, those are unscheduled and tend to happen during peak usage hours. I was replying to your specific comment that it was maintenance.
Maybe but I doubt it. When the company that hosts my website does maintenance (about 2-3 times a year) it doesn't mean the website goes down, it just means I cannot change anything during that time.
And when they do maintenance it is always at night and they give me about 3-4 weeks notice
Very bad 10-Q. Expected a profit, instead got a major loss.
WOW, an accurate and fact filled post. And the reason that these facts are true is because the CEO berge is a SCUM BAG, LYING, DECEIVING worthless stock selling scum bag.
Couldn't he put it on his 52.9% Credit Card? No, wait, it's maxxed out!
ROTFL! ROTFL! ROTFL! ROTFL! ROTFL! ROTFL! ROTFL! ROTFL! ROTFL! ROTFL!
I don't understand what you are saying, but to clarify what I said, I was only stating a fact, he can only dump so many shares at any given time. And I am sure he would like to have all his debts paid, but with the few dollars he has coming in (relatively speaking) he has to make choices and pay the people off that can hurt him the worst, which means the Credit Card companies will probably be paid last, IMO
I'm sure he would love to but he can only dump so much at any given time and he owes a lot to different people.
I quoted the $350k from memory, I may be off a little there give or take, but the 52% interest rate is in the financials.
Nothing FAKE, he is paying UP TO 52% interest on his Credit Card debt
That would be better than the approximately $350,000 in Credit Card debt he has run up at 52%!
No assumptions made. I referred to the 2013 10-K & the June 30th, 2017 10-Q
Oh, R/S, ok, thx for clarifying.
That's so ridiculous that it's hilarious LMAO..SCUM BAG berge is a liar, why would anyone believe his lies after all these years?
BEBE lost 74 MILLION last qtr, I wonder how much more BEBE will lose this qtr??? I predict 25 MILLION! We should have a new 10-Q this week.
It's also not uncommon for BRGO to file losses and stock dilution
Nevertheless, I keep hearing about how great the company is, but I know better
Then you got out, thank your lucky stars!
I keep hearing about how great the company is, but I know better
E. 36 qtrs of losses and a lying, scumbag CEO
I'm thinking we see NO BID this week or DUMPING
So what?
All those things were true in 2010 and scum bag berge lost money
All those things were true in 2011 and scum bag berge lost money
All those things were true in 2012 and scum bag berge lost money
All those things were true in 2013 and scum bag berge lost money
All those things were true in 2014 and scum bag berge lost money
All those things were true in 2015 and scum bag berge lost money
All those things were true in 2016 and scum bag berge lost money
Starting to see a pattern?
SCUM BAG CEO has always spent 'freely'. But he can essentially printing money, he just has to print a share of worthless stock, sell it to someone and voila, MAONEY in scum bag berge's pocket!
Scum bag CEO has lied and is obviously running a worthless stock-selling scheme.
IDK about his 'whole' life, but as the CEO of a publicly traded company he has lied and is obviously running a worthless stock-selling scheme.