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Re: mean_street_dude post# 122794

Friday, 08/25/2023 3:28:50 PM

Friday, August 25, 2023 3:28:50 PM

Post# of 122979
Mean_dude, 59 shareholders do not mean that is all the holders BRGO has. TD Ameritrade for instance is considered ONE holder or record. They hold all the shares held by 1,000's of TD accounts that own BRGO in one account that can be 1 or 10,000 individuals who bought BRGO shares but is considered ONE of the 59. Same with Ally or Scotrade or Etrade etc, they all are ONE holder with 1,000 individuals who own shares.

They use the street holder of record so they can lend the shares to short sellers for a fee. Most do not realize when you open an account you can choose NOT to have your shares lent out and STOP the short sellers. The brokers know FULL WELL the shares will TANK and they likely are selling them short themselves and not lending them out making them HTB (Hard to borrow)

Brokers know FULL WELL the pump and dump will dilute the shares so they know the price will drop so they sell up to 10-20 times the float and use YOUR shares to make money while you all lose money,

The Company gets the debt payments, the debt investors buy the shares at 1/100th the bid price (Billions of shares) then they tell the brokers to use your shares to short them 20 fold when the price is high and when they have to close the short after they kill the share price, the debt investors issue the over sold. The brokers don’t buy back from the bid (Essentially cutting off any bid sells)

The company makes money, the debt investors make money, and the brokers make money, ALL while retailers lose money.