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Re: SINCERELY2 post# 77733

Monday, 11/18/2013 10:17:00 AM

Monday, November 18, 2013 10:17:00 AM

Post# of 123000
My answers to your questions, based on current DD:

Were more notes added in Aug.



Most likely not, but possible. On Aug 29th (3 days prior to Sept. 1st - known date when no more notes were being sought), Berge stated the following on the last Investor conf call:

Link to Transcript (Thanks Krony for doing this) : http://wiki.advfn.com/en/BRGO_InvestorCalls_20130829
Question #9:Do you foresee or plan on entering into any additional convertible debt in the next 6 months?

Answer #9: As far as the dilution and getting money from Asher, I am getting very close to stopping this whole process. I cannot give you a timeline. I've cleaned a lot of mess and the next Q you will find out. We cleared up a lot of loans that were paid out. We have not tapped into the $100K Columbia line yet, I have a meeting with the VP of the bank next Wednesday, I am trying to bring it up to $150-200K. If I can get that from banking, it will be the best thing to happen to Bergio, if I can get it at 5-5.75%, that's where we want to be. The problem is that banks are not lending but I did get $100K and trying for more. The credit line has not been opened, it is still there. The inventory is free and clear, nobody has collateral on the inventory except the bank line, which we have not used yet.



Where is the wholesaler?



When I asked Berge if the wholesaler deal is still on or postponed on Oct. 28th, this was his reply:

We're still on



Taking the above into consideration, everything is just fine. The wholesaler deal is taking longer than some of us would like, but it's still on!

JC


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