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Krony

05/16/13 8:03 AM

#53372 RE: mug2011 #53370

The biggest thing that distinguishes BRGO from other Asher-funded companies is our ridiculously high markup. Jewelry has a several hundred percent markup, so as long as our CEO is not wasting the money he gets from Asher(and our exhaustive DD shows that he is not), then his revenue can outrun the discount.

That being said, Asher-style funding is still to be avoided where possible. We should be getting word shortly(perhaps even today) that BRGO has gotten the kind of bank financing they are working on that will make these notes a permanent thing of the past.