$BRGO DD - 1st Version - November 8, 2020. ------
Post# of 705
Recent Developments Attracting Interest Of Traders:
News - August 14. Bergio International Settles Convertible Debt.
https://www.otcmarkets.com/stock/BRGO/news/st...id=1671082
News - September 1. Bergio International Successfully Exhibits at Ocean Resort Casino.
https://www.otcmarkets.com/stock/BRGO/news/st...id=1682779
News - September 22. Bergio Brings Products to Mass Retail - Targets Selling 5,000 Pieces on New Approved "Fulfillment by Amazon" Account by Year End.
https://www.otcmarkets.com/stock/BRGO/news/st...id=1697380
News - October 22. Bergio International Reports Record Third Quarter 2020 Net Income.
Bergio International Reports Record Third Quarter 2020 Net Income of $388,846; Gross Profit Margin Reaches 78%.
https://www.otcmarkets.com/stock/BRGO/news/st...id=1721597
Update - October 26: "We’re cleaning the whole balance sheet it took some time but we still have some work to do, definitely on the right track."
https://twitter.com/BergioJewelry/status/1320743909673361412
Update - October 26: "More great news to come soon GO BRGO!!!!!"
https://twitter.com/BergioJewelry/status/1320734040291463170
Update - October 26: "Yes we have domiciled in WY and I just send the documents for the decrease in the authorize today."
https://twitter.com/BergioJewelry/status/1321202459654656009
Update - October 26: "Just signed the documents with the secretary of WY to drastically decrease the authorize also PR this week for corporate updates.
https://twitter.com/BergioJewelry/status/1321111458176995337
Update - October 28: "Correction tweet we’re not filing for a reverse split we just filled for reducing the authorize."
https://twitter.com/BergioJewelry/status/1321496266073931778
Update - October 28: "PR will be released next week!!!!"
https://twitter.com/BergioJewelry/status/1321533102188089344
Form 8-K filed October 26. Convertible Debt Being Settled.
"On October16, 2020, Bergio International Inc. (“Company”), came to a note settlement agreement with Fidelis Capital (“Fidelis”) to settle its outstanding convertible debt."
"Under the terms of the Agreement, the Company and Fidelis agreed to settle the balance of their note in four equal payments ending November 30, 2020."
https://www.otcmarkets.com/filing/conv_pdf?id...nZYzVZlnth
Update - October 30: "Second payment for Fidelis was paid today & Illiad payment is secured for the 15th #$BRGO"
https://twitter.com/BergioJewelry/status/1322281352352456710
News - November 5. Bergio International, Inc. Announces 90% Authorized Share Reduction.
https://www.otcmarkets.com/stock/BRGO/news/st...id=1734235
Update - November 5: "Stopped RB Capital from converting and we’re negotiating a buyou t $BRGO"
https://twitter.com/BergioJewelry/status/1324377060362563584
Update - November 5: 90% share reduction - click links for photos of signed documents:
https://twitter.com/BergioJewelry/status/1324...96/photo/1
https://twitter.com/BergioJewelry/status/1324...42/photo/1
Update - November 5: "I received several calls from Shareholders, to clarify we’re negotiating to buy back our note with RB Capital as we’ve done with Fidelis $BRGO"
https://twitter.com/BergioJewelry/status/1324424300393336838
Update - November 5: "The amendment to reduce the authorize has been filed and approved"
Click link for photo:
https://twitter.com/BergioJewelry/status/1324483558795333632
Update - November 6: "Finalized the buyout agreement with RB Capital waiting for closing document stopped the dilution and saved the company $50K in liabilities $BRGO"
https://twitter.com/BergioJewelry/status/1324799260936884224
Summary of Above:
- 2020 3Q record net income of $388,846 - gross profit margin 78%.
- Authorized Shares reduced by 90%.
- Fidelis convertible debt being paid off in 4 installments by November 30 - 2 made already.
- RB Capital convertible debt buyout agreement finalized - waiting for closing document - stopped the dilution - saved $BRGO $50K in liabilities.
Recent Trading:
2 x opposing sets of traders have got involved in $BRGO over the last few weeks.
One is willing to make hail mary buys across several asks - and sometimes repeat them in rapid succession - to get dramatic moves to the upside.
One is trying to dupe people out of the shares by a combination of walking down the ask, painting down into the bid and - after large moves to the upside - probable shorting.
For observant full-time traders with the requisite skill - who adapt their trading to observed activity - this makes for lucrative regular profits.
Runs so far on recent catalysts:
.0050 > .0120 on October 26 - 140%
.0061 > .0110 on October 27 - 80%
.0066 > .0140 on November 2 - 112%
.0093 > .0181 on November 4 - 95%
.0181 (previous close) > .0239 on November 5 - 32% [157% from .0093]
.0075 > .0110 on November 6 - 47%
+ of course multiple dip / surge trading opportunities throughout each day.
$BRGO Website: https://bergio.com
Bergio International, Inc. (BRGO) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.