lekers17, As long as OTC investors keep tossing money into the trash, BRGO and 1000's of other OTC's will be right there to take it.
With about 12,000 listed OTC tickers about 10% account for over 90% of all shares traded on any given day. That is because the shares are under a penny. What is interesting is that the 10% low priced pump and dump stocks only make up for less then 10% of the daily dollar volume on any given day. But 10% can be between $200,000,000 and $400,000,000 spent on just those pump and dumps EACH DAY!
Doing the math, the 10% pump and dumps that account for over 90% of all shares traded each day make on any given day about $300,000,000 of the daily trade dollar volume that is usually in the billions. Just those 10% pump and dumps account for about $90 billion annually being tossed to the trash.
With that kind of money available for selling just shares on a few $1000 worth of PR news releases, you cannot blame the OTC pump and dumps. If all those OTC pump and dumps one day said NO MORE and stopped selling shares, the same investors would spend it gambling, casinos, lotto, the horse tracks or back room poker games etc.
You cannot blame the OTC's, they are just sitting with a broom and dustpan scooping up the money investors just drop to the floor. If they don't take it someone else will. As long as investor gamblers believe in the dream of a windfall and keep spending money to find it to no avail, their will always be someone to take what you are willingly giving knowing you only bought a dream not reality. And the disclaimers say that in the fine print you may likely lose all your money!
When the stock is diluted and eventually no one will buy any more shares, they will just reverse merge into a new entity and a new ticker and the SAME investors will jump into that scheme as well. I mean CAMON! People, BRGO says it right on the data that they were another scheme and another ticker before the change to BRGO and eventually BRGO will change to another ticker and add that they were also formally BRGO in 2022 or 2023 or ? when the shares run out.
From the OTC data it says,
BRGO
Formerly=Alba Mineral Exploration, Inc. until 11-2009
Soon it will say
Formerly=Bergio International until 11-2022 (or later depending on when they change tickers)
Formerly=Alba Mineral Exploration, Inc. until 11-2009
The example above is the reason why the OTC listed tickers never gets reduced. You would think when a company like ALBA folded the OTC would lose a listed ticker and 1000's of others doing the same. The fact that pump and dumps can change to a new ticker then reemerge with a new ticker starts the cycle over again and the OTC listed tickers is never reduced.
If all pump and dumps folded after the scheme closes the 12,000 would reduce to about 5,000 tickers. The cycle continues over and over and the only reason it happens and thrives is sucker investors wont ever stop buying the dream.
What people do not realize if when a new ticker emerges and they are fed up with the previous ticker, they are almost always giving money to the SAME people they lost on the previous ticker. SURE their is a new CEO who is the patsy to take the heat and cursing when the scheme fails but the fact is, investors likely gave most of the money they invested over the years to the same people.
Kid of sad but it is the reality of people who want to find a dream for $100 more or less and turn that $100 into $1,000,000 and the belief it could happen at least makes the time of day pass with some hope. If they do not invest they cannot think about that dream becoming a reality that never happens but that little bit of HOPE I guess may be worth the loss just to keep moving ahead with some aspect of a light at the end of a very long tunnel.
It is just the way it is and will never change.
