$BRGO DD - Updated November 16,

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Nov 16, 2020 at 5:38 PM 345

$BRGO DD - Updated November 16, 2020.

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 28: "Correction tweet we’re not filing for a reverse split we just filled for reducing the authorize."

https://twitter.com/BergioJewelry/status/1321496266073931778

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 buyout $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

Updates x 3 - November 8:

"Just heard back from RB Capital attorney the settlement agreement is being reviewed by RB before send it to BRGO for review $BRGO"

https://twitter.com/BergioJewelry/status/1325559603455811584

"With all that we settled we have Improved our BS (Balance Sheet - clarified in later Tweet) and stopped the dilution $BRGO working on more"

https://twitter.com/BergioJewelry/status/1325558777547026434

"Waiting on the settlement hopefully tomorrow great deal for BRGO more to come $BRGO"

https://twitter.com/BergioJewelry/status/1325558234963390469

Update - November 9: "Just heard back from RB Capital they’re reviewing the documents also reaching out to our last note holder for a possible settlement waiting for a call back $BRGO"

https://twitter.com/BergioJewelry/status/1325881933335830529

Update - November 16: "Another payment made to Illiad this morning, one more payment left on Fidelis great future $BRGO"

https://twitter.com/BergioJewelry/status/1328340897931595777

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 - 3 made already.

- Illiad convertible debt being paid off.

- RB Capital convertible debt buyout agreement finalized - waiting for closing document - stopped the dilution - saved $BRGO $50K in liabilities.

2020 Q3 - Key Points:

Share Structure:

Authorized Shares: 1,000,000,000 [90% reduction]

Outstanding Shares: 83,255,342 as at November 16, 2020

Note 1. It is only the Unrestricted Outstanding Shares count that is relevant to current trading. At less than 84M (total for Restricted & Unrestricted) , this is extremely low for a stock in the .0070 > .1 price range.

Note 2. The latest increase in Outstanding Shares is insignificant - only 5,357,355 - already traded 238M shares in the 11 trading days during the period.

Net Income:

Net Income - 3 months ended September 30, 2020: $388,846 profit

compared to same period 2019: loss of $52,335

Net Income - 9 months ended September 30, 2020: $173,360 loss

reduced from $254,548 loss for same period in 2019.

Business Model:

"It is our intention to establish Bergio as a holding company for the purpose of establishing retails stores worldwide."

"Our branded product lines are products and/or collections designed by our designer and CEO Berge Abajian and will be the centerpiece of our retail stores."

"We also intend to complement our own quality-designed jewelry with other products and our own specially-designed handbags."

"This is in line with our strategy and belief that a brand name can create an
association with innovation, design and quality which helps add value to the individual products as well as facilitate the introduction of new products."

"It is our intention to open elegant stores in “high-end” areas and provide excellent service in our stores which will be staffed with knowledgeable professionals."

"The Company has also increased its online presence to minimize the impact of having to close its retail stores as well as directing efforts towards its wholesale operations."

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%

.0067 (previous close) > .0098 on November 16 - 46%

+ of course multiple dip / surge trading opportunities throughout each day.

$BRGO Website: https://bergio.com

Bergio International, Inc. (BRGO) Stock Research Links

BRGO Board Company Profile Buy Rating Time & Sales News Filings Financials

"Per Ardua Ad Astra" - "Through Adversity To The Stars"

A very apposite motto for those who trade successfully in the OTC market..

All posts are my opinion - trade at your own risk.

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