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What the hell is Form 1-z-?
Who cares. Flip for 50 percent gain in a couple of hours. Do it again tomorrow. This is the otc
What a scam. So the CEO has the same shares just in a different class. They didn’t retire anything. Just want to fool shareholders.
Took a starter on the dip. Good news today
You are wise, thanks for sharing.
Was checking this one out. I also checked their Website. I don't know if I could even trust this one. Their Website is too generic and they don't place faces to names of management. I even tried to search the CEO and could not necessarily locate this person. Legitimate companies have no problem placing faces with names of management. GLTA here.
Indeed. Hopefully they make some kind of marketing push
BMXC...............the forgotten ticker not overly impressive at this moment. Any thoughts?
Own KGKG. Should I buy some BMXC? Is train about to leave or take off? Do I need to buy a ticket?
Talk to me. Give some advice.
Added revenues from acquisition and now their twitter looks like they are cleaning up share structure and balance sheet. Lets go $BMXC
Acquisition is complete. This will add over a million in revenue. Big news for $BMXC
Agree! great share structure too, once investors catch on this will really take off.
This could be pretty big for Bemax. Kona had been around for a minute. They're probably doing some pretty good revenues.
$BMXC Bemax Inc. Signs Letter of Intent to Acquire Kona Gold, LLC
https://www.newsfilecorp.com/release/218831
Dallas, Georgia--(Newsfile Corp. - August 6, 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 the signing of a Letter of Intent to acquire Kona Gold, LLC from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic acquisition is set to expand Bemax's portfolio, aligning with their mission to diversify and strengthen their market presence in the CPG industry.
The acquisition of Kona Gold, LLC marks a significant milestone for Bemax, Inc. and is part of its broader strategy to enhance its product offerings and market footprint. Bemax aims to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation, while optimizing the acquired company's supply chain, enhancing product development, and expanding market reach.
"We are excited about the opportunity to bring Kona Gold into the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition is a testament to our ongoing efforts to diversify and strengthen our CPG offerings. Kona Gold's strong brand recognition and innovative products align perfectly with our strategic vision for growth."
The acquisition is subject to customary closing conditions and regulatory approvals. Bemax anticipates completing the transaction in the coming months, with integration efforts commencing immediately thereafter. This acquisition is expected to contribute positively to Bemax's revenue and market position, further enhancing shareholder value.
$BMXC Bemax Inc. Signs LOI to Acquire Kona Gold, LLC from $KGKG
Strategic Acquisition to Strengthen Bemax's Consumer Packaged Goods Portfolio and Drive Market Growth
📰Full Article: tinyurl.com/24bfd259
#Investing #Trading #DayTrading #OTCStocks #PennyStocks #StockMarkeBemax
https://x.com/Bemax_Inc/status/1820800867978653994?s=19
Kroger is one of the biggest. I wonder what kind of revenue that brings the company?
$BMXC Bemax Receives Kroger’s Invitation to Attend Supplier’s Diversity for Suppliers.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Receives-Krogers-Invitation-to-Attend-Suppliers-Diversity-for-Suppliers?id=446361
DALLAS, GA/ July 10, 2024/Bemax Inc. (OTCPK: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce Krogers invitation to attend the Supplier diversity program for vendors aimed at providing diverse-owned businesses with access to capital they need to secure corporate contracts.
Bemax will participate in Krogers diversity program for vendors on July 22, 2024. The program will provide Bemax the opportunity to connect with American businesses with the capital and technical know-how to help build inclusive, resilient communities of opportunity. This program will further provide ath unique opportunity to expand the Bemax distribution network.
This initiative, which has brought JPMorgan Chase to partner with LISC, will further provide Bemax with increased exposure to capital and community networking among American businesses, especially potential major grocery store buyers of our private label brands, says Taiwo Aimasiko, CEO, Bemax Inc. We continue to work to expand our distribution network, increase sales, and establish long relationships that present potential, beneficial partnerships.
Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.
$BMXC Bemax Inc. Announces Removal of "Shell Risk" Designation by OTC Markets.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-Removal-of-Shell-Risk-Designation-by-OTC-Markets?id=446234
Dallas, Georgia July 9, 2024 Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce that the "Shell Risk'' flag from the company's landing page on the OTC Markets Group Inc. ("OTC Markets'') has been removed.
As required by OTC Markets, we filed a supplemental filing on July 5, 2024, stating we were no longer a Shell Risk Company following the posting of our fiscal year financial results for the year ended May 31, 2024, with revenue of over 600% year over year.
We had a strong fiscal year compared to the year prior, and I am pleased that we have now been able to start proving our business model and experiencing growth in our revenue. Our distribution networks are expanding, and our sales are growing, said Taiwo Aimasiko, CEO of Bemax. This is part of our continuing effort to strengthen our balance sheet and demonstrate our commitment to our customers, distributors, and shareholders.
$BMXC Bemax, Inc. Announces Outstanding Financial Results for Fiscal Year 2024
https://www.newsfilecorp.com/release/215698
Dallas, Georgia--(Newsfile Corp. - July 8, 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 its financial results for the fiscal year 2024, showcasing a remarkable increase in revenue and a substantial reduction in operational expenses.
Bemax achieved a revenue of $117,405, a staggering increase of over 600% compared to $8,100 in the prior year. This exponential growth was driven by an expanded sales network and direct shipments from the factory to customers, significantly reducing shipment costs. The company reported total operating expenses of $141,919, a dramatic decrease of over 70% from $434,320 in the previous year, primarily due to decreased warehousing and overall operating costs.
Consequently, Bemax's total net loss decreased by over 200%, from $301,153 to $90,637, attributed to increased revenue and effective management of expenses. Additionally, in the fiscal year 2024, Bemax entered into discussions with two OEM manufacturers. Once finalized, these partnerships are expected to further reduce production costs, enhance product quality, and drive higher revenue in the current fiscal year.
Taiwo Aimasiko, CEO of Bemax Inc. stated, "We are thrilled with our financial performance this year. The significant revenue growth and substantial reduction in expenses demonstrate our commitment to expanding our market presence while managing costs efficiently. Our ongoing discussions with OEM manufacturers highlight our strategic approach to improving product quality and profitability. We are optimistic about the continued growth potential as we advance our initiatives."
Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.
BMXC .0069 - more good news today fwiw, going to UK
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-UK-Distribution-Hub-for-Reduced-Lead-Time-on-Orders?id=445052
Great news out today. We are seeing some progress here for sure. $BMXC
$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."
just getting started here, watching for more news to come.
News on the 7th looked good. Revenuesbup 70% year over year.
You got my attention.
Yup, this will move higher
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
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!!!!!!!
Big offering in place, so a quick trade for me
Wow - good luck - so far so good.
And yet it's down another 50% today...
One of the worst stocks I've ever owned....
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.
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?
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.....
BMXC one for 400 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Taiwo’s “son” as a baby is on the diaper packaging from years ago
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