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Thursday, August 09, 2012 11:29:11 AM
Berge always said he wants to be the Warren Buffet of jewelry
let's not get carried away, he has a dinky low-rent facility in an industrial park adjacent to a small airport amongst many "as seen on tv" telemarketing firms. 3 full time employees includes himself and mrs berge. he has been using the business as a personal atm since going public, never once posting a green quarter in a business that enjoys one of the highest markups. Stock price has plunged over 98% in last 11 months. People love to quote that he has hard assets of gold and diamonds but there is ZERO proof to back up this claim, his inventory valuations could be based on junk costume jewelry that never sold.
beware of the pump it will leave you in the dump
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