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In case you can't make it to BRGO's store in NJ, you can buy Michael Aram in the following DEPARTMENT stores:
Bloomingdales
Macy's
Neiman Marcus
You can also buy Michael Aram on:
Ebay
Amazon
This is a desperate attempt at some quick cash flow. In the long-run it hurts the brand, assuming BRGO has a long-run, I don't think it does. Might see a fire sale soon, or worse a 'robbery' in which existing inventory is 'stolen' and a bogus insurance claim is filed. BRGO is going down, it's just a matter of how berge is gonna play the final scene and who he decides to screw last.
Sadly, the effects are still very much with us today.
berge puts the B in bend over.
That's the actual experience shareholders have had, figuratively speaking.
Good, maybe he can pay back all the investors he deceived & ripped off!
Amazing that SCUM BUM berge still found a way to LOSE money last qtr
SCUM BAG berge isn't giving you a discount, all the previous share holders he deceived & screwed out of their money are paying for that discount!
BRGO has a BLACK HOLE that sucks in investors money that gets divvied up between toxic note holders and SCUM BAG CEO berge
I have specifically stated the CEO is a liar, thief and unindicted criminal. I base my comments on that fact.
A jewelry company's tweets should be about their jewelry 99% of the time and housekeeping stuff 1% of the time. But with berge it's the exact opposite. His tweets are 99% about meetings, outstanding shares, alleged 'mergers', notes...just goes to show BRGO is a worthless stock-selling scheme disguised as a jewelry store.
When SCUM BUM berge was burning thru toxic note money (at the expense of shareholders) he had General & Administrative expenses of $2,500 / day! $2,500 Per day!
I never said berge didn't have inventory. I said inventory numbers can be manipulated by parties with bad intentions and berge has no good intention.
Good to know!
Berge does make beautiful jewelry. If you look at my posts for the last 7 years you will see I've always given him props for his ability to make beautiful jewelry. That is the shame of it all, he really has talent. But talent in the hands of a morally compromised person is wasted. He is, sadly, a lying, deceitful crook who ropes in would be investors and in exchange for their hard-earned money he gives them worthless shares he makes even more worthless with repeated Reverse Splits and losses every quarter.
I never said SCUM BUM berge doesn't have inventory. I said inventory numbers can be manipulated.
3rd QTR numbers are going to suck just like the last 36 quarters.
Look at GOODWILL on the balance sheet, it represents over 21% of Assets. This is preposterous!
10-Q is out...Another dismal qtr for the bottom line!
I'm not buying any shares. BRGO loses money every year, CEO is a lying scumbag and BRGO is a stock-selling scheme disguised as a jewelry company. CEO repeatedly destroys shareholder value for his own gain.
COMPLETE STOCK WORTHLESSNESS IS COMING - BRGO
You can have correct numbers on asset side and bogus on the liabilities side. It can also go the other way. I'm not saying that is the case, I'm just saying your statement that if it is right for assets, it has to be right for liabilities is incorrect.
The 3rd major part of the Balance Sheet, the Stockholders Equity account is what makes this possible.
I am not disputing it and I never said I was. I simply said, correctly, that it is not 'absolutely known to be a fact'. It simply meets the definition of 'verified' for auditing purposes, which can easily be exploited if someone is not an above board person. Scum bum CWO berge is a shady, lying character.
Yes, it is a fine method of auditing inventory. But it is not absolute nor is it a guarantee of certainty, even under the best of circumstances and Issuers of F/S make that very clear in their notes.
Items like inventory are not necesarily 'verified'. The company tells the accountant's what they think values are. Then the auditor will 'test' (sample) certain parts to see if they match what the company claims. That leaves enough latitude in the process to get bogus numbers on the F/S in certain places, if one of the parties are shady. And with brgo, we know at least one party is shady, scum bum berge!
Read the actual notes to the F/S and they are eye-opening. It's all CYA so nobody can hardly ever get pinned down on anything, CPA or the client.
My allegation of him lying is correct. And based on that, I know he is duplicitous and I do not trust what he says or puts out.
Transparency? 1) While transparency is good, actual value is what drives stock price. brgo is a black hole for investor funds.
2) Many, including myself, would argue brgo is not transparent. We actually have no way to know if scum bag berge actually has in 'inventory' what he says he has in inventory. He is a known, proven liar, I do not believe what he says.
It probably has something to do with the fact BRGO has had non-stop losses for 9 straight years.
Another anemic qtr with an EPS of $.05 cents! Share price is ridiculously inflated!
3rd QTR numbers out, revenues are up 20% but costs have gone up dramatically too. When it is all said and done, the bottom line (Net Profit) is pretty anemic, $0.05 cents per share...These result are pretty bad but this stock seems to be highly manipulated???
Here's what we have, a solid track record by SCUM BAG CEO berge:
2008 . . . . ($1,106,856) LOSS
2009 . . . . ($ 597,725) LOSS
2010 . . . . ($ 838,999) LOSS
2011 . . . . ($ 408,328) LOSS
2012 . . . . ($ 388,434) LOSS
2013 . . . . ($ 835,740) LOSS
2014 . . . . ($1,520,761) LOSS
2015 . . . . ($1,160,173) LOSS
2016 . . . . ($ 554,968) LOSS
TOTAL LOSSES . ($ 7,411,984)
Good Morning!
When CEO scumbag berge borrows money thru a convertible note he knows he will not pay back with money, he knows it eventually ends up as millions or BILLIONS of shares dumped on the market.