Bergio International, Inc. (PINK:BRGO) Continues Its Climb Up The Stock Chart
Bergio International, Inc (PINK:BRGO) have been on fire lately. For the last couple of trading session they have steadily built up momentum and yesterday they spiked with more than 50% to close at $0.0045. That is a 500% gain since April 11. BRGO finally left the triple zero territory and if the trend holds on they might even get further up. This sharp rise was also accompanied by a massive traded volume of more than 100 million shares.
It is always nice to see a sub-penny company doing well for itself. Bergio have been around for some time and they have made continual progress since the change of their business model back in 2009. The company used to work in the industry of mineral properties exploration but found their forte in the sale of jewelery.
For 2012 they reported the following results:
- $52 thousand cash
- $2.9 million total current assets
- $1.3 million total current liabilities
- $2 million net sales
- $300 thousand net loss
The numbers show improvement in every aspect over those from 2011. The company backed their strong financial performance with some substantial announcements. They finalized a deal that will enable their jewelry products to be featured on the ShopNBC network starting May 7 and are currently negotiating a line of credit with Columbia Bank. This possible source of finance may be crucial for the company in order to offset the accumulated deficit of $3,732,88.
Of concern for future investors may be the issuance of another 35 million shares of common stock as part of the company’s Incentive Stock Plan and the freshly started pump of their stock. They have been targeted by Strategic marketing Group, LLC through its affiliates VipStockReport, AwesomeStockPick and ExclusiveStockPick who are expecting to receive the relativeley small compensation of $2500. How will this promotion reflect on the stock cannot be ascertained as the ticker was doing pretty well for itself. A sudden drop is always a possibility as shares at this price level are notoriously volatile so weighing all the risks before investing is a necessity.
