Bergio International Inc (BRGO)

[The Night Stalker]

dilution out of the way, this makes a great buy and hold.


RocknRoll Member Level Friday, 11/08/13 12:29:28 AM
Re: None

Post # of 75543


This paragraph from Tuesdays news can't be over emphasized.. It's probably the most important shareholder positive news Bergio has ever put out!

"I know the shareholders are most interested in the convertible funding issue, to which I am glad to state that we have stopped seeking any use of convertible funding as of September 1st, 2013. I would also like to inform our shareholders that Columbia Bank has increased the company's credit line to $175,000, which should be sufficient in the event that we may need extra funding for company operations. As I have stated in the past, our financial position is now the healthiest it has ever been therefore allowing us to be less dependent on the use of convertible funding until it is no longer necessary. I know that the majority of the shareholders were dissatisfied with the decision to use convertible debt, but it was an essential step towards moving the company forward in order to pay down debt, improve our balance sheet, and improve our asset to liability ratio in such a bad economic climate. These decisions have allowed us to be more financially independent while improving relationships with banking institutions and allowing us to seek further funding, therefore resulting in an increase in credit facilities."

Go BRGO!