He says that good retail projects tend to make double that in 2nd half of 2022.
So let's say BRGO makes $10 Million (Q3 +Q4), that brings total Gross Sales/Revenues to ONLY $15 Million for 2022.
That's $5 Million less than his projections for 2022 Gross Sales/Revenues.
Keep in mind that last year he stated BRGO would make $20-$30 Million for 2021. BRGO made ONLY $10.998 Million for 2021.
Personally (with a major recession possibly coming soon), retail looks to be taking massive hits in the near future, and that will definitely have a negative impact on BRGO's gross sales/total revenues for 2022 if it happens. Even if recession doesn't occur, BRGO is not on-pace to even make $15 Million for 2022.
BRGO (Abajian stated) will barely make that ($15-$20 Million) this year, plus he admitted in the interview that BRGO has had to spend much more money this year for other expenditures, even more than he had wanted to in order to convert all businesses over to digital plus make other changes.
After making ONLY $10.998 Million in 2021, the company finished with $3.56 Million Net Loss. No joke.
The company went from making ONLY 500-600 thousand in 2020 to $10.998 Million in 2021 and still managed to lose $3.56 Million. The filings from July 2021 show Berge Abajian (listed primarily as sole employee CEO/PEO of BRGO) awarded himself (which he admitted to in interview 2 days ago) 500 Million Shares of common stock (Unrestricted). And he said in the same interview, that he had forgotten all about awarding himself these shares. Mr. Abajian also stated in 13 years of the running the publicly traded company that he "never sold one share". That is extremely unlikely. Especially since previous filings show that all bonus paid to him and his salary (including backpay) are to be in common shares.
The Securities and Exchange Commission need to open a formal investigation into his business conduct. It looks to me as though there is some extreme fraud going on.
Let's not forget that Joseph C. Canouse (Joseph, John, James, Jeffrey) + his 3 brothers have all been found guilty of dilution scams with penny stocks dating back 20 years or so. No joke, these people do all kinds of shady business practices.
Look at this case from years ago showing how the Canouse brothers/family and Stephen M. Hicks conspired to intentionally defraud investors. Ever since this case they have been on many balance sheets together. Not sure how the SEC cannot see this. It is blatantly obvious that they are all working together to defraud investors through elaborate dilution scam.
Abajian, Canouse(s), and Stephen M. Hicks (Steve) need to investigated for fraud IMO
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