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Hello to to the old crew! WOW. I haven’t been on this board for years. It’s amazing that the lying, deceiving, crooked Berge is still at his old games. I tell you he has it figuered out....how to legally steal from people. All he does is sell notes to finance his failed mom and pop business. Guys don’t get hung up on his glitz he is nothing more then a small time crook that made his small bussiness public so that he can steal money from unsuspecting shareholders. I still can’t believe these loop holes still exist for these crooks. He is crafty and slick I’ll give him that. I still have have my shares down 99.9% he really suckered me in....
It’s also a proven fact that he has PRed, promised, emailed, stated that Bergio would be convertible debt free prior to him talking out these “old” notes from 2 years ago. He couldn’t be trust then why trust him now? He’s not profitable he has resorted to credit card debt they are filled with debt! How much longer before he defaults?
I understand what you are saying however prior to these “old” debts he had PR’s and promises that he was done using convertible debt. He wasn’t done then why should we believe he will be done now? He has resorted to more credit card debt, I see that on the financials, which despite the extremely high interest rates is better then the toxic debt. However the problem remains Berge doesn’t have a profitable bussiness because he is either skimming from the top or is a complete idiot. I personally believe he is an intelligent con man. I mean think back to all the QVC hype when we broke down the numbers it amounted to peanuts. We brushed it off as well it’s great PR. Then he blamed the Russian economy for the falling sales then it was the failing Kay deal. He’s all show no go. Remember the supposed 5th avenue store we were supposed to get lol
Yet he has promised shareholders before that he was done using convertible debt....
Berge hasn’t been able to get this company profitable despite all the prosperity and great boom we are having after the last recession. We will be in another dip/recession soon enough and Berge can blame that on his failed ideas....
+1
Everyone must understand that the crooked CEO is only looking to appease the toxic note financiers so that he can continue to tap them for money and they won’t do it with the price sitting at .0001 because they can not dump those worthless shares on shareholders.
I clearly remember the countless conversations we had with him about the last R/S how he shouldn’t go it as all credibility would be lost, that the stock price will tank quickly once again, etc all the things that have happend. How many times did he say he won’t use convertible debt was that he was paying them down...just PR stunts to get the shareholders buy into the dumps!
Hope all is well Krony...Berge has been lying low hoping that all of us that got stung last time would have gone away...time is supposed to heal all wounds...When i noticed the new PR and the spike in volume I knew he was at it again...same old Berge unfortunately.
Not trying to bash. Speaking from experience as I have had countless conversations with Berge in my opinion he is a lier and manipulator and he's just trying to finance his dreams while risking other peoples money. Fool me once same on you fool me twice shame on me. The issue is there is a sucker born every second so Berge has a constant stream of new blood to rip off.
Berge is nothing more then a failing small time mom and pop jewelry designer that figured out the trick to steal money from people by taking his small time operation “public”. This inaccurately paints the picture that he is a big shot CEO of a really company. You should all visit his boutique so you get a better sense what you are”investing” in everything else is false hopes and dreams. The fact he takes calls and answers questions directly from shareholders gives a false impression that he is open, honest, and forth coming but the reality is he’s just a crook that’s trying to get you to buy more worthless shares. PR’s are released right before major dumps. A R/S is coming mark my words. BRGO is not a lotto ticket or a gamble it’s worthless paper that will continuously go down in value. Bergio is the worst game to play at the casino as the odds are severely against you. Those that are stuck in here I hope you will get lucky and get out during a temporary pop which will unfortunately leave someone else holding the bag.
Just for discloser this is all just my honest opinion. Taken from someone that has spoken to Berge countless times on the phone and through emails directly, researched all leads and still lost over 50k because at the time I didn't realize he was all just hype. Good luck to all!
Berge would never do a share buyback he only sucks money out of the company! Its the main reason if not the only reason he took it public...to finance his failing dreams. So sad...
Same old tricks I see....Berge posts a PR gives gives suspenseful news which leads to suckers buying shares hoping and dreaming they will see share price skyrocket while on the back end he has struck a deal with the toxic financiers to dumb shares on share holders...perfect timing lol
The A/S is just a fake ceiling you said it yourself he has maxed it before...Berge is all lies, false hopes and promises. He uses us to foot the bill of all his big dreams....
To you as well buddy!
Hey guys I haven't been on in a while. Was hopeing time would heal the wounds Berge caused but nope still feeling the same. Berge is going to have to file bankruptcy sooner or later. I see he's slowly eating away at the inventory. He knows he can't get away with another R/S because to many of us here to warn the new comers about his ways. Lost a lot of money on this hopeing he would do the right thing but Berge found a way to legally steal money from innocent investors and so here we are....all the best guys!
+1 excellent point and I'll be here right with you warning others that Berge is a lying scheming piece of $h!7
Berge lied to our face multiple times just to help out his toxic debt buddies unload shares on us. He stole from shareholders to keep his lifestyle and failing dream afloat. Game over Berge go scam else where you worthless turd!
+1 great post.... I love that line about acquiring companies lol as if Bergio is anywhere near such a position to buy anything. It's barely staying afloat as it is. Don't be surprised to see Berge file for bankruptcy.
Berge is a snake and will lie straight into your eyes. He has champagne taste on a beer budget. "Restore investor confidence" hahah I almost spite out my coffee as I read that BS.
I'd like remind everyone how Berge straight up and lied to shareholder BriBri (Brian) on the phone and told him he wouldn't RS then the very next day the RS was announced. Let's not forget the famous we are almost convertible debt free PR and days later we discovered more notes we being sold as everyone was buying up the stock. I can go on and on.
BUYER BEWARE!
IMO Berge is hiding assets, relocating funds, and eating away at the inventory he has left in order to declare bankruptcy in the future to wipe away his debts.
Many of us pleaded with Berge and carefully explained to him the stock could not handle a R/S. He shot us all in the back and did it anyway without an ounce of protection which he had assured us there would be. Berge can not be trusted he is not only incompetent but a lier as well.
How have you been? I am not flipping this dog, Berge ran it to the point of no return. Sold some to offset some other capital gains in December but still have a butt load to unload.
Can this shoot up? Sure why not it has a chance as does any other stinky pinky when it gets falsely pumped. However I feel bankruptcy is more probable first. We will start seeing inventory drop as he tries to hide assets before filing.
I come here wasting my time speaking the truth not because I am trying ensure that my shares never go back up but because I know they will never go back up and the least I can do is warn others about Berge.
IMHO Berge is eventually going to get tired of waiting to dilute more shares and steal more money from us (even schemers get impatient) so what he will do is file for bankruptcy, pay off creditors for pennies on the dollar, screw shareholders even more and start fresh. He is laughing all the way to the bank as we stare at out 99.9% losses. We all were conned by his lies. Good job Berge job well done!
We need to be more proactive in punishing Berge for his deceit and lies...
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.
Bernstein Liebhard LLP
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(877) 779-1414
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+1. Unfortunately the SEC is not big enough to investigate every conman CEO. However I do believe it's only a matter of time before people like Berge get caught in another scam.
+1 none of us are going anywhere. Berge is finished what a POS crook.
I hope the POS Berge burns in hell...complete disregard for shareholders. He was feeding us complete BS while he was stealing our money.
I'm out I think BK is more likely then not.
C's then D's then E's personally I feel if they go bankrupt then not even the C's will be paid. Some will make out like bandits but it won't be us shareholders. All those prime assets will be bought for next to nothing if they file. Hopefully they work through this...
+1 it's nothing more!
Even a broke clock is right twice a day...it doesn't do anyone any good to warn that the share price is doing down without a single reason why. You never shared a single word of due diligence which is why you were labeled as a spammer.
The POS Berge will just file for Bankruptcy screw the note holders just like he screwed us. He's finished. IMHO the store will close down after this upcoming season.
I really thought he had more integrity and someone that could have realized the dream...how wrong I was. He was nothing more then then a BS talker and was more short sighted then I could have ever imagined.
Lol.... Nice!
We are waiting to hear about the sale of eureka hunter and the JV. The company has been trading as if it is 99% going bankrupt despite all it's assets that are valued well above all debts. The pipeline sale will add much needed liquidity (500-600 million dollars) push the BK talk to the side and push the share price to a couple of dollars IMO. The JV will increase revenue and help seal the future of the company pushing us well over four bucks by the end of year IMO. In total this is about a 1 billion dollars in deals with a current market cap of about 120 million.
They haven't said if they will postpone the preferds payment for October yet. If they do postpone it should be expected to conserve cash however if they don't and actually pay up that means a deal is imminent and will push price higher. Good Luck and always do your own DD as nothing is ever guaranteed.
+1 we were all taken for a ride. I realize he took the company public to raise money but I thought it was for the intention of helping it grow instead he used it to suck every penny he could out of it. The amount of toxic debt he took out in relation to the market cap and in relation to the sales was in no way justifiable. How many times was bad news timed with conversion dates? How many times was good news timed with dumps? How many times did he straight up lie to us, convincing us to buy more shares as he was diluting more?
I'm sure he is laughing at how stupid our system is where he can come in bring a BS company public, suck millions out of it and then take it private again. The fact remains to be seen if he will ever understand that had he played it right and worked with shareholders Bergio could have been worth tens of millions and not a small mom and pop company as it stands today.
Technicals work however what's going on here throws all that out the window. This will either go bankrupt which I doubt due to their much wanted assets that they can sell or it will go back up to where it was over a year ago and that's actually what it's worth if the pipeline sale and JV goes through.
Dallas the so called "activist" has been short on MHR and now is long. This is nothing more then him trying to maximize his profits. He is not a true activist nor really cares about shareholders.
There are multiple offers on the pipeline no one knows specifics.
Even the idiot Berge must now finally realize another R/S won't do anything because he blew it with us. He was advised and warned by many of us here. He thought we were all idiots as he was getting us to buy his printed shares had he listened Bergio would have been in much better shape and with shareholder support. We lost and now he lost although he did make out with a lot of our hard earned money but he could have made more if he did it properly and not the scheming way.
Pipeline must sell to add the much needed liquidity and pay down some debt. JV is in place to drill more wells and increase revenue. If they kept the pipe and sold some acreage that may limit future potential. They would have to sell quite a bit to make it to the 500-600 million they will make from the pipe. At any rate the stock is being traded like it's going bankrupt and major flush of cash will stabilize the price back up to over $3.00.
We will see what will come of this...all we want is some sort of update on what's going on. Maybe we getting something tomorrow. I'm sitting on a loss but holding long term.
Dividends for October will be announced tomorrow on the first.