eyal2, Sorry to say that there are to many shares in the float to make anyone any money. You have to realize the float data says 2019 showing only 540,000 but there is more like 6 billion or more and another 9 billion authorized on stand by ready to be sold to market makers for less then you or any others can sell them for on the bid except at a loss. The plan is to make SURE no investors make any money on the stock.
If everyone (tried) to sell on the bid at even $.01 why would the market makers give you or anyone else a penny ($60,000,000) when they can buy the 6 billion from the debt dumpers for $.001?
If BRGO even want to a penny (and it wont), 6 billion x $.01 comes to $60,000,000! The market makers would have to buy back the shares from everyone for everyone to make that penny per share with many still at a loss. And remember in order for them to buy yours and others for $.01, they need to have the same amount on the asked for even $.015 that comes to $90,000,000.
Do you REALLY! Think BRGO will have $150,000,000 exchange hands at even that low price? If the shares did rally to $.015 (but we know it wont happen) but let say they did and there were enough buyers to take out the 6 billion asked for $90,000,000, the market makers would just get more shares from the debt sellers at a fraction of the bid you think you can sell at.
In case the above did not sink in. Here it is in a nutshell. YOU WILL NEVER MAKE ANY MONEY ON THIS STOCK!
And for those who KEEP saying BRGO CEO stole their money? WRONG, you gave it to him willingly on a gamble that stated you will likely lose it all. No one stole anything.
What is funny is when the stock tanks, the CEO is a crook and if the stock rises he’s a HERO. People invest knowing they are all schemes but they figure they will each get in and out but eventually find that strategy fails with no one making any money that bought at the retail lever.
People do not care and KNOWINGLY invest in those OTC’s knowing it’s a scam, or just intent ideas as long as the price goes up. Its when the price goes down is when investors call out the fraud or the CEO is a crook they knew all along.
So in a way you cant blame the CEO or debt dumpers. They want to make money legally same as investors but for them to make money, you all have to lose money.
The debt dumpers cant make $10,000,000 selling 10,000,000 shares for $1 on a huge price increase because then everyone would sell killing the price so they just sell 1,000,0000,000 shares for $.01 to make the same $10,000,000 and on the OTC its easier to sell shares for $.01 then $1.00.
It would be like telling people the LOTTO tickets to win $10,000,000 cost $1000 per ticket and you only have one ticket and one chance for $1000, no one would buy lotto because they would say its not enough chances for such a large investment.
That is why $.01 or $.001 shares sell easier then $1.00 shares. If lotto tickets were $.01 per ticket people would then buy the same $1000 for that lotto drawing saying they now have 100,000 chances to win but likely will still lose.
The main issues is also the LOTTO is backed up by cash not empty promises. You can buy a house or car with lotto cash if you win; you cannot buy a house and car on the OTC intent dream with hope. So they are similar but different in that LOTTO is real cash if you win. OTC gains are real if they rise up that they never do because OTC is not a lotto.
There is no drawing for a guaranteed winner. The OTC is set up to lose from the beginning, it is planned to fail and also to make sure the price never rises so the only winners are the debt investors and the CEO.
Think if it like this, OTC stocks are like a slot machine that if you hit 777 you will hit the jackpot but because the OTC’s set up the pump and scheme its as if the casino removed one of the 7’s from one of the wheels and they said in the fine print a 7 MAY be missing from one wheel and you say OK and still put money in the machine.
I may not be as negative over BRGO as most are but what I post is 100% accurate and knowing that I never buy into the schemes but so many do, they thrive and as they thrive and RS or start out initially before the dilution is when you short the stock. It’s the only way. You may not make $1,000,000 on a $100 investment (its impossible to do that shorting) but if you short $50,000 and buy it back for $2500 and pocket $47,500 still seems like not a huge win. Do that 20 times a month and there is your new house and car on a pump and dump stock.
