Thanks for the post Pres46 although a fellow admin deleted it
Lets all revisit this last reverse split for just a minute and put it rest already.
The company had convertible notes far in excess of the AS level. conversion of those note had maxed the AS.
There are those who were here then and not only warned of the RS coming but in fact warned, cautioned, instructed and at times begged people to get out while they could. In that same timeframe there were a small handful of bagholders that insisted they knew better, insisted that it was a buying opportunity.
Some sold, some held, some added. The 14C and reverse split was practically broadcast by the CEO that it was coming.
I commend those who accept their mistake and moved on. On the other hand there are some that not only refuse to let go but have gone as far as to use completely fabricated information in some deranged method of vengeance posting and lately have even falsely presented themselves as representing the company and the CEO in falsified statements.
At the time of the last RS the AS was 6 billion the OS was over 5.8 billion. At this time the AS is 10 billion and the OS 5.4billion. Is it a tad high of an OS. Not really when you consider other OTC stocks. The OS I nowhere near the AS at this time and there is absolutely no indications of an RS as those who refuse to move on constantly post in fabricated statements.
BRGO is in a far better place now than it was then. The CEO took the steps to stop the toxic lending. The notes have been paid down, in other forms the debt is being paid down as well.
Our "degreed accountant" whatever the hell that is in reality, posts about 10 years of losses yet refuses to understand, or doesn't comprehend that this is an OTC company and that losses are not uncommon on an annual basis. Book losses are not illegal or wrong. Hell ask President Trump about book losses, the guy is filthy rich and his companies lose money all the time.
Anyway, use your own research, your own investing methods and by all means make your own decisions and man up and take responsibility for them. Takes a real different sort of man to blame everyone else for his mistakes.
This one will have its day in my opinion. I am not worried about an RS at this time. Indicators are NOT there like they were last time around.
