he's referring to the RS rinse and repeat that BRGO CEO always resorts to, NO matter what he might tell investors....he at some point (a year or so ago) told investor in an interview that he had NO plans to RS, then not long after he projected over $20 million in revenue and then the fins came out and he missed that mark by MILLIONS, he announce a RS!!!
Berge Abajian, CEO, stated, "We have announced a 500:1 reverse split on Friday, October 28, 2022. This corporate decision was instrumental for BRGO to move forward. The market cap does not reflect the real value of the company compared to its 2021 revenues of $10,997,988 and stockholder equity of $3,740,303 for 2021 and $4,917,043 as of the 3rd quarter of this year."
Authorized Shares
15,000,000,000
01/10/2023
Outstanding Shares
6,158,480,262
01/10/2023
IMO, once the RS takes place to the OS, he will then start the dilution of the remaining 8+ BILLION shares in the AS.
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