The 10Q isnt going to have anything we shouldnt expect if you have been here this quarter. Revenues are flat, the only additional outlet he created was the Amazon dump the old stuff site and that was late in the quarter. The ShopHQ numbers are 4th quarter so they dont matter for this 10Q. Do I expect to see another note from Asher, unfortunately I do. Even more unfortunate is the rate of conversions and dilution this past quarter. The stock structure should be real ugly compared to quarter 2. He did nothing to resolve the derivitive loss on the books, in fact unless he handed out shares like candy on halloween, that should be a larger liability.
He has talked about a new website and ecommerce sites, To the best of my knowledge these have not happened. There is at present no deal with the wholesaler. There is at present no chance for anything with the wholesaler to land in stores this holiday season, thats over as far as what will be in the stores this year. Hopefully if there is anything it will help with next year.
So the real question becomes does Berge want to hold the 10Q and risk an almost automatic tier change, or does he want to stay a currently reporting company and anger his shareholders more than they already are.
He isnt in a good position, I dont envy that situation. Its his company and as he says, its his name and his reputation. He is in over his head and as I have mentioned he is either clueless or extremely sharp on how to run a penny company.
I suppose we will still hear about how they anticipate filing the paperwork to remove the chill in the next couple of weeks, or how he is still in negotiations for an LOC that will allow him to acquire other jewelery stores adn expand production. OR my very most favorite, maybe he will have details on why the negotiations for the Bergio boutique are still ongoing. A Ritzy boutique in NYC with his revenue? Even Asher wont front him that sort of cheese. Way out of the realm of possibilities.
Oh well, too many facts in this one, it'll most likely be deleted in the next 5 minutes. Whatever!
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