Replies to post #107801 on Bergio International Inc (BRGO)

[linkvest]

You can talk about anything you want to talk about but the fact remains that BRGO was Profitable over all.. NET NET NET... PROFITABLE over the whole last quarter.. No one cares or even talks about a certain part of an operation that is profitable or now... that would be like saying in a grocery store the cat food was profitable last quarter but the maxipads didn't turn a profit but the whole store made a MILLION DOLLARS LMAO.... Understand yet?

[linkvest]

Do you understand what they are talking about here? Operations is one sector of the business.... of course its going to be a non profit when its in line on a Profit/loss report then you add in the gross revs and other income which gives you (plus other deductions and expenses as well)that gives you as it is in BRGO case a line that show the profitability of the company.

Nobody gives a rats azz what the operation is doing LMAO unless your buying the company. The banks and lenders don't give a damn. The are looking at Rev's what a Profit and loss statement.

Hence all this BS about a unprofitable operations means squat......

[Atomic_joe]

Here's a Google on net and gross definitions.

https://www.accountingtools.com/articles/what-is-the-difference-between-gross-and-net-income.html

[Pres46]

So you are attempting to say that the sale of an asset such as a minority interest in another company is NOT part of the operations of this corporation?

Tax law would tell you differently because just as 2017 net sales will be taxed so will the disposal of an asset in the same tax year. Yes, I am aware that Bergio doesn't have taxable operational profits. Don't open that door because there is a reason Berge did this in 2017 and did not wait.

One nice thing about the IRS, they have a classification known simply as taxable income. Anyone can read an income statement at face value and not see any significance in the numbers nor the tax implications of those numbers. The income statement and balance sheet show the financial position of an entity at a fixed point in time, in this case September 30, 2017. That is all the purpose financial statements serve.

Under net operations after administrative cost the company does in fact show a loss, however, the sale of the investment is an operational decision going forward in this case and therefore in the 3rd quarter of 2017 and at year end 2017 will be considered operational profit in the form of long term capital gains and therefore income as indicated on the 3rd quarter 10Q. There are also several other corporate laws in play with this sale the least of which was the effect on shareholder equity going forward.

The sale of Fisher will have a positive effect on the financial position of Bergio as he moves forward. The change in equity brought on from the 1 time sale indicates the negative drain that this minority interest had on Bergio and on the shareholders.

Contrary to what has been claimed here over the past several years, months, weeks, days, hours and minutes this disposition of the asset WAS and WILL CONTINUE to be beneficial to the financial position of Bergio and therefore beneficial to shareholders.

Its all in the 10Q, you just have to spend a little time reading and interpreting the information that was filed.

[Pres46]

Do you consider officer salaries a operational expense?