Replies to post #28318 on Bergio International Inc (BRGO)

[holsh]

If he profited like we are thinking he did there shouldn't be anymore.

[Talonss]

Those notes are eligible for conversion in April, but not eligible to be sold into the market. JSJ is payable on or before October 5, 2013 and Auctus is payable on or before July 5, 2013. The good thing is that they're not due to hit the market for a while, but I'm not liking the steep ~60% discount (highway robbery!). The CEO can choose to pay off those notes before they hit the market (July and October). However, I don't know enough about the CEO's purse strings to gauge whether or not this is even a possibility.

On October 3, 2012, the Company issued a 10% convertible note (the “October 3 Note”) in the amount of $30,000 to JSJ Investment, Inc. (“JSJ”). The principal and accrued interest is payable on or before October 3, 2013. The October 3 Note is convertible by JSJ at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The October 3 Note is convertible into shares of the Company’s common stock at a price of 65% of the average of the three lowest days during the ten day trading period prior to the date of conversion.


On October 5, 2012, the Company issued a 8% convertible note (the “October 5 Note”) in the amount of $36,750 to Auctus Private Equity Fund, LLC (“Auctus”). The principal and accrued interest is payable on or before July 5, 2013. The October 5 Note is convertible by Auctus at any time after the six month anniversary of the issue date. The October 5 Note is convertible into shares of the Company’s common stock at a price of 62.5% of the average of the lowest two closing bid prices during the ten day trading period prior to the date of conversion.

Asher, however, do have notes eligible to be sold into the market on April 12th, May 8th and June 11 (their other notes already hit and are still trickling into the market):

Asher


On September 7, 2012, the Company issued an 8% convertible note (the “September 7 Note”) in the amount of $32,500 to Asher Enterprises, Inc. (“Asher”). The principal and accrued interest is payable on June 11, 2013 or such earlier date as defined in the agreement. The September 7 Note is convertible by Asher at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The September 7 Note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading prices of the stock during the ten day trading period ending one day prior to the date of conversion.


On August 6, 2012, the Company issued an 8% convertible note (the “August 6 Note”) in the amount of $37,500 to Asher. The principal and accrued interest is payable on May 8, 2013 or such earlier date as defined in the agreement. The August 6 Note is convertible by Asher at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The August 6 Note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading prices of the stock during the ten day trading period ending one day prior to the date of conversion.



On July 10, 2012, the Company issued an 8% convertible note (the “July 10 Note”) in the amount of $32,500 to Asher. The principal and accrued interest is payable on April 12, 2013, or such earlier date as defined in the agreement. The July 10 Note is convertible by Asher at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The July 10 Note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading prices of the stock during the ten day trading period ending one day prior to the date of conversion.


On June 7, 2012, the Company issued an 8% convertible note (the “June 7 Note”) in the amount of $37,500 to Asher. The principal and accrued interest is payable on March 11, 2013, or such earlier date as defined in the agreement. The June 7 Note is convertible by Asher at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The June 7 Note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading prices of the stock during the ten day trading period ending one day prior to the date of conversion.


On February 13, 2012, the Company issued an 8% convertible note (the “February 2012 Note”) in the amount of $32,500 to Asher. The principal and accrued interest is payable on January 12, 2013, or such earlier date as defined in the agreement. The February 2012 Note is convertible by Asher at any time after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the agreement. The February 2012 Note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading prices of the stock during the ten day trading period ending one day prior to the date of conversion. During the nine months ended September 30, 2012, the February 2012 Note and $1,300 of accrued interest were converted into 16,744,589 shares of common stock.

I expect a pop/run on BRGO before Asher sells their notes due in April, May, as they were converted when BRGO was above .001. Thus their conversion price points could not have been lower than trip 7. Asher being the greedy SOB's they're renowned for may want more bang for their buck and profit for their trip 7 shares. I would assume that their March shares have even higher price points at trip 8. I'm just speculating, but I think BRGO may be taken for a spin soon;). It's also interesting that the Mega deal reveal coincides with a note that's due and payable. Guess the CEO is hoarding "good" news to soften and given the caliber of the news, perhaps even overcome the dilutive effect of the upcoming notes. It's up to the players behind the curtain, so hopefully the CEO will drop news worthy of a run that can get BRGO at least north of .002's. How much of an ROI does Asher intend to secure is also a consideration (some of these funding guys snare 500%+ ROI on their shares...it's a lucrative business). Anyway, just some off the cuff speculation...