Bemax Inc (BMXC)

[Killinit272]

Great news out today. We are seeing some progress here for sure. $BMXC

[Killinit272]

$BMXC News Out

Bemax Inc. Announces Pre-Orders on Walmart for the Newly Designed Private Label Brand

Dallas, Georgia--(Newsfile Corp. - June 18, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce that it will commence accepting pre-orders for the new improved quality of the Mother's Touch® brand of disposable diapers starting this August on www.walmart.com. This initiative marks a significant step in Bemax's commitment to delivering products that exceed consumer expectations.

The pre-orders will also be available at www.bemaxinc.com/webstore. The new improved quality brand of Mother's Touch® meticulously crafted with a focus on superior quality, comes with a pearl pattern spunbond, a non-woven top sheet, a 3 liners wetness indicator, and a 3D leak quard, among other friendly features. This new brand of Mother's Touch® will be available through Bemax's expansive distribution network, ensuring widespread availability and accessibility.

"We are aware our customers love the current brand of Mother's Touch®, but we also know the world is changing and mothers are craving more meaningful and positive experiences that get them more bonded to their babies," says Taiwo Aimasiko, CEO, Bemax Inc. "We are thrilled to offer our existing and new customers an improved quality brand of Mother's Touch®, bring more value to shareholders, and continue to grow our revenue."

[Killinit272]

Me too.

[trader_ron]

just getting started here, watching for more news to come.

[Killinit272]

News on the 7th looked good. Revenuesbup 70% year over year.

You got my attention.

[trader_ron]

Yup, this will move higher

[Cameo Brien]

Overdue

[I-Glow]

And you believe the pumping press release?

This is still the Nigerian Diaper scam - this has always been a scam.

Then they reverse split the retail shareholders.
06/04/2021 Reverse 1:7000

03/13/2023 Reverse 1:400

Does anyone have any stock left?

I wouldn't be too excited about the press release.

Plus, the OTCM has them listed as a Shell Risk.

Read the financials - they aren't very impressive.

The Bemax S-1 was deemed effective on 2014-10-08.

But oddly in 2018 they filed a Form 15 and deregistered their stock and no longer report to the SEC.

IG

[splintered sunlight]

Excellent!!!

I sold a piece of my position - if it sells off hard, maybe I'll buy it back.

Plus ASCM showed up - I hate them!!!!!!!

[ANTI-BAGHOLDER]

Big offering in place, so a quick trade for me

[splintered sunlight]

Wow - good luck - so far so good.

[ANTI-BAGHOLDER]

Nice news. In for a trade

https://www.otcmarkets.com/stock/BMXC/news?id=426375

[splintered sunlight]

And yet it's down another 50% today...

[splintered sunlight]

One of the worst stocks I've ever owned....

[splintered sunlight]

Once a POS always a POS.

[splintered sunlight]

The SEC gets around to 1 or 2 every now and then.

The chances of them finding this one is nil IMHO.

But you are correct.

[PAM2017]

Why aren't these people In jail. Wasn't there a slew of people who filed complaints with the SEC about them outright lying/misleading investors?

[splintered sunlight]

Just bought at a dollar but some for reason the prints are not on the tape.

This truly is a POS!!!

They just printed it.....

[Renee]

BMXC one for 400 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Gman2488]

Taiwo’s “son” as a baby is on the diaper packaging from years ago

[I-Glow]

They haven't arrested the CEO because she doesn't exist.

Plus, Bemax was too small of a pump and dump to get the attention of the SEC.

IG

[PENNY DIPZ]

SHELL STATUS REMOVED!!!!!! COME ON EVERYONE LETS SLAP THAT ASK TOGETHER!!!!! WEEEEEEEEE!!!!!!! $$$$$$$$$$$BMXC$$$$$$$$

[Bananaman73]

Why the spread between bud and ask this morning? ???????

[I-Glow]

I posted early on that Taiwo Aimasiko does not exist as the CEO of Bemax.

From April 2018:

What is the Real Identity of Taiwo Aimasiko the CEO of BMXC?

Is the CEO Male or Female - did Taiwo Aimasiko graduate with a degree in accounting? If so how could she make a high school accounting mistake by missing inventory as a asset for over two years.

Let's start digging in the BMXC CEO's background and see what we can find.

From Linkedin: Taiwo Aimasiko - Kemira Chemicals University of Phoenix
Dallas, Georgia

Education
- University of Phoenix
Degree Name Bachelors of Science - Accounting Field Of Study Accounting and Business/Management
- Dates attended or expected graduation 2004 – 2009

The following was posted as verification the CEO has a Degree in Accounting:
Quote:
Individual: TAIWO A AIMASIKO
Date of Birth: 11/07/1974
Organization: UNIVERSITY OF PHOENIX
Degree: BACHELORS OF SCIENCE
Year: 2004
Information verified:

Degree: BSB/ACC
Awarded: 05/31/2009

Full-time 08/29/2006 - 09/26/2006 Certified on 09/19/2006
Full-time 10/24/2002 - 03/03/2003 Certified on 02/08/2003
Full-time 09/12/2002 - 01/23/2003 Certified on 01/11/2003
Full-time 09/12/2002 - 12/31/2002 Certified on 12/14/2002
Full-time 07/11/2002 - 11/21/2002 Certified on 11/09/2002
Full-time 05/30/2002 - 10/10/2002 Certified on 10/12/2002
Full-time 05/30/2002 - 10/01/2002 Certified on 09/11/2002
Full-time 05/30/2002 - 08/08/2002 Certified on 08/15/2002
Full-time 05/30/2002 - 07/31/2002 Certified on 07/13/2002
Full-time 05/30/2002 - 06/27/2002 Certified on 06/08/2002

Taiwo Aimasiko states on Linkedin she attended University of Phoenix from 2004 through 2009.

But in verification it states that TAIWO A AIMASIKO attended the University of Phoenix from 2002 through 2009.

Has the CEO ever used TAIWO A AIMASIKO in any of the filings.

Then we have the following:

Taiwo Anike Aimasiko
Case: 11-42758-pwb
CH: 7
Filed: August 16, 2011
Discharged: December 09, 2011
Address: 26 Wellsley Ln Dallas, GA 30132
URL: http://www.bankruptreport.com/ga/dallas/aimasiko-taiwo-anike
Bankruptcy: Filed

Someone thought they had pulled a gotcha on me and posted:

Taiwo Anike Aimasiko is a MALE! Our CEO is a WOMAN!
https://www.intelius.com/people/Taiwo-Aimasiko/Dallas-GA/06WNP6MAMRG

From Intelius:

Taiwo Anike Aimasiko
Gender: Male
Professional Status: Accountant at Solomon Edward Group LLC
Taiwo Anike Aimasiko Has Worked at 1 Place
Company: Solomon Edward Group LLC
Title: Accountant

Now this is very odd - Taiwo Aimasiko doesn't have Solomon Edward Group listed as a place of employment on Linkedin.

From the S-1 filed - we find: "While Ms. Aimasiko does
not have certified training in financial or accounting matters"

Now that is very odd for a accountant.

But later in the S-1 we find: "Ms. Aimasiko has acted as our sole Officer and Director since our incorporation on November 28, 2012. She graduated with a Bachelor of Accounting from University of Phoenix. After graduation until present time, Ms. Aimasiko has been working at Kemira Chemicals"

From http://www.spokeo.com/Taiwo-Aimasiko we find:

Taiwo A. Aimasiko Male, Age 49

Taiwo Aimasiko Male, Age 44

From your verified data: Date of Birth: 11/07/1974 which would be 42.

So what kind of identity fraud is going on.

Let's see:

AIMASIKO TAIWO
Phone [phone]
26 WELLSLEY LN - DALLAS

ANIKE AIMASIKO
Phone [phone]
26 WELLSLEY LN - DALLAS

I posted more about the identity of the CEO - but this has been the Nigerian Diaper Scam.

IG

[splintered sunlight]

I hear you - outrageous

[PAM2017]

They have claimed those same revenue projections for the past 3 years now, which is why it's laughable because we haven't seen one dime of it on a balance sheet yet, but I'm really surprised the SEC didn't indict them for misleading and outright lying to investors after that reverse split snafu.

[splintered sunlight]

No idea.

They claim they are making a profit.

[PAM2017]

Why haven't they delisted this company and arrest the "CEO" yet. This stuff is not even laughable anymore.

[splintered sunlight]

https://www.marketscreener.com/quote/stock/BEMAX-INC-120795593/news/Bemax-Revenue-Estimate-and-Business-Outlook-for-full-Year-2022-40918600/

Bemax : Revenue Estimate and Business Outlook for full Year 2022
07/07/2022 | 07:34am EDT
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Bemax - Revenue Estimate and Business Outlook for full Year 2022Press Release | 07/07/2022

Bemax Inc. Revenue Estimates and Business Outlook for full year 2022.

Bemax Inc. (OTC PINK: BMXC), a growing global distributor of household products, is pleased to provide business operations update, and revenue estimates for full year 2022.

Bemax continue to expand on its core business objective through market penetration, product development and innovation, market diversification and extensive global marketing. The company is positioned to project revenue increase of over 50% for current fiscal year compared to same period of last year.

Financial Outlook

Full Year 2022 -Bemax Inc. revenue outlook is projected to a range of $1.6million to $2.5 million with estimated net profit margin in the range of $480,000 to $1million.

Fiscal Year Ending May 31, 2023

Total estimated revenue for fiscal year ending May 31, 2023, is projected to be in the range of $2.1million to $3.5million. This would be a projected growth rate of over 50% compared to year ended May 31, 2022.

Business Outlook

The following statements are based on Bemax's fiscal year ended May 31, 2022, and full fiscal year ending May 31, 2023. These statements are forward-looking and actual results may differ materially.

The global baby diapers market size valued at $52.6 billion in 2019, and is projected to reach $68.3 billion by 2027, registering a CAGR of 5.0% from 2021 to 2027.

Product innovation and launch. Development of two new women disposable hygienic products is nearing completion. Launch of these new private label products is set for current fiscal year in furtherance of meeting projected revenue.
Market Diversification. The company will expand distribution network in 2022 to enhance market diversification, increase market share and expand product development.
Market Penetration through innovative marketing. Considering this, Bemax will strategize on promoting its private label products and services on social media platforms. The company will expand its social media marketing as one of the major strategies on imparting awareness about the companys various private label product offerings among target customers on social media channels.
Extensive global marketing - the company will gain traction and increase its customer reach among its target segments.
The company will continue to negotiate new competitive pricing with existing Bemax private label manufacturers
We are pleased with the new interest weve seen this past year and new opportunities for the company that would allow for continuous revenue expansion, stated Taiwo Aimasiko, CEO of Bemax Inc.

About Bemax Inc.

Bemax Inc. exports and distribute private label household products to the global emerging markets.www.bemaxinc.com.

Safe Harbor Statement

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

CONTACT INFORMATION

Bemax Inc.
Atlanta, GA
USA
Tel: [phone]

[SONARSTOCKZ]

$BMXC Entered bottom channel. 1st sign of breakout attempt. Moving average collaboration. Looking for volume spike on green candle for confirmation in coming days

[I-Glow]

Bemax is in the share selling business - the revenue in the last Q was ZERO.

The insiders decimated shareholders with a 1:7000 reverse split and the price has been in a death spiral since then.

A report on the diaper industry doesn't have anything to do with Bemax.

IG

[Djdjdjdj]

Market Cap $10,311,714

[Djdjdjdj]

OMG 12 million market cap....for what???

[Djdjdjdj]

Barf

[splintered sunlight]

THANKS - is it a 50 cents yet?

[trader_ron]

$BMXC – Share Structure

Authorized Shares

1,800,000,000

Shares Outstanding

Common - 428,689,775
Preferred(Series B) - 50,000,000
Preferred(Series C) - 40,000,000

[trader_ron]

$BMXC - Our Mission

We are fully committed toward the marketing, distribution and delivery of high quality disposable baby diapers, and wipes to the respective target markets. Internally we intend to create and nurture a healthy, productive, satisfying and enjoyable environment, in which our employees are fairly compensated and encouraged to respect the customers' requests and the quality of the products we supply. We seek fair and responsible profit, enough to keep the company financially healthy for the short and long term.

The company focuses on business development, mentoring and synergizes these models into the household products industry.


https://www.bemaxinc.com/

[trader_ron]

$BMXC News- Bemax Release Diaper Industry Report – 2022 #Stocks #NYSE #NASDAQ #OTC #OTCMARKETS #OTCQB

https://www.otcmarkets.com/stock/BMXC/news/Bemax-Release-Diaper-Industry-Report---2022?id=338433

[Djdjdjdj]

Volume of 2 is what I would expect here

[splintered sunlight]

Stopped watching.

Let me know when it hits 50 cents please.

Thanks

[Djdjdjdj]

Had a little volume today

[Djdjdjdj]

11 million market cap for what?

[Djdjdjdj]

Surprised it has volume

[splintered sunlight]

Huge volume today.

[Djdjdjdj]

Lots of dumping

[splintered sunlight]

Colossal amount of money

[Djdjdjdj]

Exactly

[I-Glow]

Investors have already lost enough money on this scam - who cares what Bemax posts on Twitter.

IG

[splintered sunlight]

I looked at the link.

What am I missing?

[btm]

BMXC https://www.otcmarkets.com/stock/BMXC/disclosure