Bergio International Inc (BRGO)

[AJH92]

$BRGO DD - Updated December 26, 2020.
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Recent Developments Attracting Interest Of Traders:

[important aspects in bold - completed items deleted - links deleted for brevity - can be viewed at otcmarkets.com / Yahoo Finance / Twitter]

News - August 14. Bergio International Settles Convertible Debt.

News - September 1. Bergio International Successfully Exhibits at Ocean Resort Casino.

News - September 22. Bergio Brings Products to Mass Retail - Targets Selling 5,000 Pieces on New Approved "Fulfillment by Amazon" Account by Year End.

News - October 22. Bergio International Reports Record Third Quarter 2020 Net Income.

Bergio International Reports Record Third Quarter 2020 Net Income of $388,846; Gross Profit Margin Reaches 78%.

Update - October 26: "We’re cleaning the whole balance sheet it took some time but we still have some work to do, definitely on the right track."

Update - October 28: "... we’re not filing for a reverse split we just filled for reducing the authorize."

News - November 5. Bergio International, Inc. Announces 90% Authorized Share Reduction.

Update - November 5: "Stopped RB Capital from converting and we’re negotiating a buyout $BRGO"

Update - November 5: "I received several calls from Shareholders, to clarify we’re negotiating to buy back our note with RB Capital as we’ve done with Fidelis $BRGO"

Update - November 5: "The amendment to reduce the authorize has been filed and approved"

Update - November 6: "Finalized the buyout agreement with RB Capital waiting for closing document stopped the dilution and saved the company $50K in liabilities $BRGO"

Update - November 11: "RB Settlement agreement has been signed and delivered first payment due in December for 3 Month."

Update - November 16: "Another payment made to Illiad this morning, one more payment left on Fidelis great future $BRGO"

Update - November 17: "October 2020 sales up 22.7% from the same period last year. $BRGO"

Update - November 17: "The outlook on BRGO is very bright we decreased our liabilities and settled many notes and minimizing the dilution our balance sheet is looking great & our P&L for the first time in many years is in the black $BRGO"

Update - November 18: "Two showcases placed in the lobby of Ocean Casino Resort great exposure $BRGO"

Update - November 19: "Negotiating to settle another note with Crown Bridge Capital started yesterday we will continue today looking good bright future $BRGO"

Update - November 19: "To address shareholders concerns all settlement are structures to be paid over several month in small trenches that will not effect our cash flow meanwhile stopping them from converting and diluting, bright future $BRGO"

Update - November 20: "As of today we have 78 Million in the float & 17 Million restricted $BRGO"

Update - November 24: "Still negotiating with Crown Bridge on retiring their note not much left in convertible notes settled most of them $BRGO"

Update - November 30: "Fidelis note paid in full"

News - December 1. "Bergio International Announces Multi-phase Stock Buyback."

Also announced in this PR:

"Under this initial phase of the repurchase program, Bergio International, Inc.'s CEO Berge Abajian will buy from the open market at least $50,000 and up to $100,000.00 of Company common stock."

CEO: "I have already converted $500,000.00 of stockholders loans into 17 Million restricted shares of BRGO which shows my full commitment to the success of Bergio."

CEO: "I'm very excited to commit to this buyback, it falls in line with our commitment to stop the toxic funder dilution, having already settled over $400,000.00 of convertible notes, saving Bergio over $200,000.00 in interest and fees along with many millions of shares in dilution."

Update - December 3: "Our year today sales are almost equal to last year with improved gross margins taking into consideration we were closed 3 month for COVID this was our breakout year bright future and 2021 $BRGO"

CEO Update Interview - December 4 - Link Released: This is a "must listen" - too much to list.

https://www.dropbox.com/s/ck64279rkqpdzg8/12_...O.mp3?dl=0

Update - December 4: "To all shareholders use this platform for up to date news the future is very bright even though we shut down for 3 month we’re almost at last years sales with one month to go $BRGO" [fulfilling SEC requirement to declare a social media platform as a source for publicly available information]

https://twitter.com/BergioJewelry/status/1334854018716360713

Updates x 2 - December 16:

"Paid the third payment to Illiad yesterday 3 payments left many good news to come bright future $BRGO"

https://twitter.com/BergioJewelry/status/1339189352002428928

"We have reduced our authorized from 10Billion to 1Billion it’s taking time to change the OTC market because it needs to be changed by our TA"

https://twitter.com/BergioJewelry/status/1339003374046474240

Update December 17: "Just finalized to buy Crown Bridge Capital convertible note in 4 equal payments waiting on the attorney’s documents saved many shares from being converted bright future $BRGO"

https://twitter.com/BergioJewelry/status/1339684213654753286

Update - December 18: "Our TA is filing today with the OTC market to change the authorize reflecting our corporate action reducing it to 1 Billion Bright Future $BRGO"

https://twitter.com/BergioJewelry/status/1340009311557332992

Update - December 22: "Just heard back from Crown Bridge the buy out is done I should receive the final documents in couple of days saved millions of shares in conversion bright 2021 with a lot on the table $BRGO"

https://twitter.com/BergioJewelry/status/1341425652508090368

Update - December 22: "Great 4th Quarter!!!! Bright future $BRGO"

https://twitter.com/BergioJewelry/status/1341471296236957699
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Summary Of Recent Developments

- 2020 3Q record net income of $388,846 - gross profit margin 78%.

- October 2020 sales up 22.7%.

- Authorized Shares reduced by 90%.

- CEO to buyback at least $50K - and up to $100K - of Common stock.

- $500K of previous stockholder loans (CEO) already converted to just 17M Restricted shares - equates to .0294 pps.

- $400K of convertible debt already settled - details in latest interview.

- $200K in interest and fees + Ms in dilution saved by above actions.
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Share Structure - At At December 21, 2020:

Authorized Shares: 1,000,000,000 [90% reduction]

Outstanding Shares: 82,652,238 [down 603,104 since November 16, 2020]

Float: 78,000,000 [confirmed by CEO on November 20]

Note 1. It is only the Unrestricted Outstanding Shares (or Float when known) count that is relevant to current trading. At a Float of only 78M, this is extremely low for a stock in the .0070 > .1 price range.

Note 2. otcmarkets.com not updated with the reduced A/S due to COVID-19 staff absences.
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2020 Q3 - Key Points:

Net Income:

Net Income - 3 months ended September 30, 2020: $388,846 profit

compared to same period 2019: loss of $52,335

Net Income - 9 months ended September 30, 2020: $173,360 loss

reduced from $254,548 loss for same period in 2019.

Business Model:

"It is our intention to establish Bergio as a holding company for the purpose of establishing retails stores worldwide."

"Our branded product lines are products and/or collections designed by our designer and CEO Berge Abajian and will be the centerpiece of our retail stores."

"We also intend to complement our own quality-designed jewelry with other products and our own specially-designed handbags."

"This is in line with our strategy and belief that a brand name can create an association with innovation, design and quality which helps add value to the individual products as well as facilitate the introduction of new products."

"It is our intention to open elegant stores in “high-end” areas and provide excellent service in our stores which will be staffed with knowledgeable professionals."

"The Company has also increased its online presence to minimize the impact of having to close its retail stores as well as directing efforts towards its wholesale operations."
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Recent Trading:

2 x opposing sets of traders have got involved in $BRGO over the last few months.

One is willing to make hail mary buys across several asks - and sometimes repeat them in rapid succession - to get dramatic moves to the upside.

One is trying to dupe people out of the shares by a combination of walking down the ask, painting down into the bid and - after large moves to the upside - probable shorting.

For observant full-time traders with the requisite skill - who adapt their trading to observed activity - this makes for lucrative regular profits.

Runs so far on recent catalysts and / or hail mary buys without warning:

.0050 > .0120 on October 26 - 140%

.0061 > .0110 on October 27 - 80%

.0066 > .0140 on November 2 - 112%

.0093 > .0181 on November 4 - 95%

.0181 (previous close) > .0239 on November 5 - 32% [ 157% from .0093]

.0075 > .0110 on November 6 - 47%

.0067 (previous close) > .0098 on November 16 - 46%

.0056 (previous close) > .0074 on December 1 - 32%

.0056 > .0077 on December 8 - 38%

+ of course multiple dip / surge trading opportunities throughout each day.
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Expecting a repeat run to .02+ again at any time.
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CEO has $500K he was owed converted to 17M Restricted shares - he has no intention of selling even if he could - so he has the vested interest in the price being above .0294 long-term [interview refers]
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$BRGO Website: https://bergio.com

$BRGO Twitter: https://twitter.com/BergioJewelry