From fake diamonds getting hammered to real ones on rocket fuel, two of the top penny stocks today are heading in opposite directions: CTDT and BRGO. Bergio International, Inc. (BRGO) landed their first “real deal” today partnering with a large U.S. retail chain that has over 140 stores nationwide. The penny stock is experiencing its highest volume trading session ever with shares pushing closer to reaching that 0.01 mark they had four months ago.
On the other hand, Centaurus Diamond Technologies, Inc. (CTDT) has forced at least one investor we know of to call it quits until September the PPS gets slashed in half today.
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BRGO Stock Chart
According to Berge Abajian, CEO of Bergio, this partnership, which we have no idea who it is with, will be launching the Bergio Brand in over 30 stores across the U.S. with the initial confirmed order valued at approximately $600,000. This is huge considering that for the three months ended March 31, 2012, the Company reported sales of $329,947, roughly $50,000 better than the same period the year before; $270,551.
But wait, it gets better!
According to the SEC filed 10-Q for the period ended March 31, 2012, as of May 11, 2012, there were 67,185,224 shares outstanding of the registrant’s common stock. That’s the bright side of the statement. The dark side is that During the three months ended March 31, 2012, the following note payable conversions were recorded:
• Asher Enterprises, Inc.: $65,000 of principal was converted into 9,461,567 shares (0.00687 per share)
• Panache Capital, LLC: $41,589 of principal was converted into 5,475,000 shares (0.0076 per share)
• Genesis Capital Management, LLC: $28,643 of principal was converted into 4,262,641 (0.0067 per share)
That’s 19.20 million shares that are, or were, able to be dumped on the market without being registered.
About BRGO Stock
Bergio International, Inc., a leading jeweler creating a diversified jewelry designer and manufacturer through acquisitions and consolidation in the estimated $160 billion a year highly fragmented independently-owned jewelry industry, Bergio currently sells its jewelry to approximately 50 jewelry retailers across the U.S. Bergio has manufacturing control over its line through its manufacturing facility in New Jersey, as well as subcontracts with facilities in the United States and Italy.
Click here to review the most recent 10-Q filed by BRGO.
Bottom Line: The news is surely boosting the penny stock today and attracting more potential traders to BRGO stock with the high trading activity. Is $600K big news, not really considering the accounts for roughly 4.5 months of the current average. Should BRGO be onthe list of penny stocks to watch? Heck yeah. They were well over a dime last year September.
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