Good morning folks, from otcmagic.com:
Bergio International, Inc. (OTC: BRGO) is making a highly explosive move up on massive volume after hitting lows of $0.0005 in early March. Currently trading near half a cent investors are speculating this one goes way higher.
According to a recent press release BRGO is a leading jeweler creating a diversified jewelry designer and manufacturer through acquisitions and consolidation in the estimated $160 billion a year highly fragmented independently owned jewelry industry.
Bergio currently sells its jewelry to approximately 50 jewelry retailers across the United States. Bergio has manufacturing control over its line through its manufacturing facility in New Jersey, as well as subcontracts with facilities in the United States and Italy.
On April 22, BRGO announced on the closure of current projects, as well as providing information on future negotiations. The pr goes on to say that Within the past several months, the company has been working with multichannel electronic retailer ShopNBC. The deal has been finalized and Bergio will premiere on ShopNBC on May 7th, 2013 at 7pm EDT. CEO Berge Abajian will personally be on the air to present the brand to viewers. It is of utmost importance that our shareholders and friends encourage as many people as possible to tune in for a successful launch.
The company is also currently in negotiations with Columbia Bank to create a credit line for Bergio. The purpose of this is to acquire a working capital for the company, therefore using less toxic financing which will in turn minimize dilution of company stock. As these negotiations near completion, we will present further updates.
Berge Abajian, CEO of Bergio, stated, "I am very pleased with the performance of the stock as well as the involvement of our shareholders. As it can be seen, we have been working diligently to get the company to the level which it should be. We may have a slow first quarter due to infusions of these projects, but our future is looking bright for the upcoming quarters."
Conclusion: BRGO has seen some important developments over the last few months as well as rapidly growing revenues the likes of which are rarely seen on the OTCBB. The stock is technically sound and still trades very close to its historical lows. While BRGO stock is still quite cheap they have developed the type of loyal following that can catapult these pennies to 1,000% + gains. All this Makes BRGO a sub penny stock to watch and might just provide a spectacular trade opportunity in the weeks and months ahead!
