Friday, May 20, 2022 9:55:52 AM
For new investors, how often do you see a dilution machine stock turn around and pay off most of their toxic debt? See the top sticky post for details. It's quite rare for an OTC company to pull this off.
Plus, before they paid off the notes, they used the funds for a couple of acquisitions, really turning around their business: 2020 revenue: approx. $700,000, 2021 revenue: approx. $11 million!
BRGO started as Bergio jewelry, with a couple of physical store locations on the east coast. The owner is a well-known jewelry designer. Examples of the products can be found on their web site, link below.
Bergio Jewelry
First key acquisition in the past year or so: Aphrodites - another jewelry brand. Web site works better under Firefox than Chrome.
Aphrodites web site
Second key partial acquisition: GearBubble - a Print-on-Demand business. Very clever approach, making it extra-super-simple for their customers to sell products on Amazon, Etsy and Ebay. How simple? You just pay your monthly fee, create your own graphic designs and upload them. That's it's. See the GearBubble web site, link below:
Gear Bubble web site
Plus, check out the video that was posted in a message late yesterday, as they discuss adding NFT's for the jewelry industry.
Micro Cap Daily did an article back in February when the company announced the payoff of one of the convertible loans, with conversions completed. Stock was around $0.002 - $0.003 at that time. However, there were still some conversions left over from other lenders, yet since that time shares have quietly been accumulated. Upper trips are now getting tough to get.
Oh, and it's not like they're stopping at $11 million in annual revenue. Projections for 2022 are even better! Plus, don't forget, the jewelry industry has very high profit margins!
BRGO - Business and Management Overview on YouTube
Good luck in your DD.
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