InvestorsHub Logo
Followers 189
Posts 12008
Boards Moderated 0
Alias Born 06/22/2012

Re: spman post# 97523

Wednesday, 09/10/2014 12:52:05 PM

Wednesday, September 10, 2014 12:52:05 PM

Post# of 122978
Agree, that seems to be the progression. Berge has come to the conclusion that selling retail with a 2.2x markup himself beats wholesaling for a 45% markup. He has stated that the retail value of his inventory, much of it finished goods (he uses cost in his filings) is somewhere in the neighborhood of $3M. He has also stated that he will be stocking the boutique with approximately $1M of that inventory.

He has been informed on MANY occasions that his store is a physical target of disgruntled shareholders if things are not turned around (one MAJOR difference between BRGO and other OTC stocks is that BRGO will have a physical location attached whereas most others are a PO BOX or something a bit more "abstract"). Berge also has two private placement clients that are mired here at .0004 and TCA, which has not sold the shares they received for IB fees, all at .00035-.0007 to contend with. These folks do not have much practice in losing gracefully.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BRGO News