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Re: TradeForProfits post# 115785

Thursday, 10/22/2020 1:38:02 PM

Thursday, October 22, 2020 1:38:02 PM

Post# of 122998
Before we get too excited here, understand what the PR says. Revenues were stable compared to last year's 3rd quarter. Last year's 3rd quarter revenue was $137K so look for this year's revenue to be somewhere in that vicinity. There was a small operating profit of $4k, so the net income of $388,846 is an accounting entry, it's not because all of the sudden the company is doing great. Actually $137K of revenue for a quarter for a company with two retail locations and a website is pretty paltry. Before the stores, in 2012 and 2013 BRGO did $2M/year of revenue. Now they're doing about 1/4 of that, many hundreds of thousands of convertible loan dollars later. And it looks like the market gave a big yawn to this remarkable news.