Replies to post #11156 on Bergio International Inc (BRGO)

[stemcell]

If you read the 10Q, you would know that the numbers are audited.

well the auditor only does the annual 10-K, unless I missed something. The auditor is in Michigan, Bergio is in New Jersey. After reading the auditor's statement below, you tell me if you think they could have opossibly went into berge's warehouse and checked to see exactly what is in that inventory. Saying it might be all junk costume jewelry was a stretch I'll admit, I was trying to make a point to all the posters who claim that it's all gold and diamonds. In any stock whether it's pennyland or not it's dangerous to assume. By Berge's own admission in every 10-Q and 10-K their accounting methods are not up to par as all accounting functions are performed by Berge, which includes the valuation of his inventory. He did what....$1.6 milly in sales last year? I know guys with dinky landscasping businesses who have a CPA, the fact that berge is solely in charge of the books is a red flag for me considering the monies that flow in and out.

So, unless you want to question the auditor as well (then you can do that for every company in the world), then your point about his hard assets potentially being junk is completely false.

yeah well like i said before you read that auditor's statement below and then tell me again how there's no way it could all be junk....even berge himself makes no claims as to what he has in inventory he just puts a number on it. I tell you one thing - if he had $1.5 milly in gold and diamonds he would get much better financing terms.....GLTA here but don't expect me to stop asking the hard questions - they are the only ones that count. Guy burns through cash like charlie sheen in vegas and there's no explanation for it in the filings.




To the Board of Directors of

Bergio International, Inc.

Fairfield, New Jersey




We have audited the accompanying balance sheets of Bergio International, Inc. (the “Company”) as of December 31, 2011 and 2010, and the related statements of operations, stockholders’ equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Bergio International, Inc. as of December 31, 2011 and 2010, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Silberstein Ungar, PLLC




Bingham Farms, Michigan

March 26, 2012



Read more: http://www.faqs.org/sec-filings/120403/Alba-Mineral-Exploration_10-K/#ixzz235XNDQww