Replies to post #89753 on Bergio International Inc (BRGO)

[Krony]

What were the alternatives to the "toxic" notes? Fold the company? How much bitching would some of these peeps be doing if their shares were for a company that no longer existed?

EXACTLY the same point I made a few days ago. Most of the convertible financing of the last two years was centered on one event: The Ultra deal. Berge had to front the materials/manufacturing for the $600K deal, to the tune of $350K or so. He used Asher-type funding for that. Items were delivered in 9/2012 and he didn't receive firs $300K until 1/2013. In the meantime, Ultra was bought out by Signet, and all contracts between Ultra and everyone ground to a halt while sorted out. Berge was expecting the 2nd $300K in spring 2013 when it was decided that it would be paid monthly invoice style, based on sales through stores. That cause another round of last minute financing. We're nearly through it now, asset/liability ratio has climbed from 1.5/1 to 3.5/1, Berge secured a $175K LOC with Columbia and is in final stages of further non-toxic financing.

One great thing resulting from the Ultra accounts receivable snafu: Sterling the now-parent of Ultra, along with Kay, Jared and soon Zales has Faccia a Faccia in it's radar.

[lakers17]

Private placements. And Berge "supposedly" has all these connections and is head of the Armenian jeweler thing. You mean none of his wealthy friends shares his vision? LOL