Thursday, October 10, 2019 5:36:00 AM
It's better to ask at what price is $BRGO debt likely to be converted at?
Alternatively, ask what would you do if you were Berge and all the debt ($2.3M) was converted at $0.0001? Would you immediately R/S to reduce the O/S?
The market knows a few things:
- $BRGO is heading towards $0.0001
- Berge doesn't believe $0.0001 is good for Bergio's brand image at a storefront level where jewelry is sold
- $BRGO will reduce it's debt through equity conversions
- there's no minimum time limit between Reverse Split applications
I believe there will be another R/S way below the current price, and that may be the last major change to the share structure for a few years.
The paradox of iHub: buy high, sell low
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