Friday, July 25, 2014 2:58:05 PM
I am still considering becoming that BRGO investor if Berge is able to finally seal some sort of deal and get the company moving in the right direction. Showing profitability and executing a stock buyback program is the only saving grace available to current investors at this point. I agree with the baby steps concept of opening your own store and trying to get some form of positive cash flow started instead of borrowing to the hilt to fund some mega deal in the hopes of hitting the proverbial home run. He tried that, it didn't work out, now he's slowing the roll a little bit to start building something up in a more stable manner. I know this apparent path is not good enough for a lot of current holders but it makes sense to me.
The debate over Berge's motives have been lengthy. Right or wrong, it is my opinion that he is not a scammer. Maybe his competency level as CEO is still in question but I don't think he fits the bill of your usual sub penny pos company head. Those guys can usually be traced from one bogus ticker to the next.
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