Bergio International Inc (BRGO)

[Squirrely_McShitty]

That's difficult to argue with. One could argue they have $3m in inventory & should be worth at least that much (writing off the accumulated deficit & back CEO pay), but with the new debt they have taken out (most stock-based & at toxic terms) that eats that $3m up.

I mean, I'm not a business guy - I'm a political scientist - but I've created & run businesses ... both my own & others. I also don't know exactly what is needed vis-a-vis marketing for their products or where that money specifically goes. But that being said, their marketing costs seem way too high. $BRGO is spending almost a third of their net revenue & over half of their gross profit on sales & marketing (doesn't include wages or website presence).

Furthermore, their cost of sales (raw materials) is 45% of net revenue. I don't know the jewelry business, but the way I was learned 45% is too high as well.

Professional & consulting services of $557k?!

Maybe it's me & my ignorance, but even setting aside the toxic borrowing, these expenses seem all out of whack. If Berge is pulling in $2.5 milly a quarter & STILL can't show a before tax profit, I mean, what's in going to take? Five milly in revenue a quarter? Ten?

At this clip of spending, $BRGO won't be in the black by Thanksgiving, let alone by the end of the year. And Q2 was supposed to be a profitable quarter.

Maybe it WAS profitable for Brrge ... just not for the shareholders.