Jewelry Company Bergio International, Inc. (OTC:BRGO) Shines Again

There’s plenty of space at the bottom, said physicist Richard Feynman. And even when a penny stock falls to double-zero bottom, there is still enough space for dramatic advances and retreats. This is what Bergio International, Inc. (OTC:BRGO) is doing, acting both as an old and respectable jewelry store- and a glittering risky bet ticker. BRGO0419.png

On Thursday, BRGO added more than 21% to $0.0029. In the last few days, the company has attracted attention with its positive end-of-year results, and is setting buying and selling records day in, day out. Here is what the latest filings reveal about this experienced jewelry company:

  • $52,703 cash
  • $2.9 million current assets
  • $1.3 million current liabilities
  • $2 million annual sales
  • $388,344 net annual loss

Although the company’s cash on hand is decreasing, BRGO seems under no pressure, with ample positive working capital due to a business model with unparallelled liquidity. BRGO hopes to expand its jewelry sales, by participating in a high-end television promotion with the NBC. The day of the press release, April 15th, coincides with more active buying.

The last recorded promotion for BRGO was in September 2011, by Bull In Advantage, taking up the ticker for free and amplifying its upward trend. This pumper has mostly been inactive since March 2012. But it is not too late for another promoter to take up this company, a real jewel among penny stocks.

BRGO has named its future strategy- to increase its portfolio by acquiring already famous jewelry lines, and giving them greater exposure. We are yet to see how this will affect the company, which until 2009 had not moved to ready jewelry, but to precious metal exploration under the name Alba Mineral Exploration, Inc.

The jewelry company suggested of further developments and sources of revenue, so we have to wait and see how BRGO will keep up its good run of the past week. But keep in mind that a double-zero stock is unpredictable in its own right, and don’t invest unless you can afford to lose your sum, as the company has shown sharp corrections following periods of active trading.

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