Bemax Inc (BMXC)

[splintered sunlight]

News out today.....


https://ih.advfn.com/stock-market/USOTC/bemax-pk-BMXC/stock-news/85968617/notice-of-qualification-regulation-a-qualif

Looks like they are selling additional shares - but I am not sure.

[boston127]

This company is full of crap.

Nothing here, except some crap from Africa. Who needs that?

[HelloKitty8]

Yeah, sadly. GLTA =)

[splintered sunlight]

Crazy

[Djdjdjdj]

Wasn’t the OS 200,000 right after the split? I would say big time dilution and shorting already well underway

[HelloKitty8]

That RS took away retail’s shares. They already increased AS and OS as well. Waiting for the real dilution to begin so liquidity comes back. They can’t resist so it is just a waiting game. JMO =)

[I-Glow]

The most recent malfeasance from the BMXC insiders was the soul crushing 1:7000 reverse split.

That wiped out shareholders that believed the hype.

IG

[HelloKitty8]

Last time I checked this is exactly one of the things the SEC interested about. Protecting the public is one of their main priority (on paper). Unless there is a sinister motive behind one’s postings… Glow, please keep in mind,
I appreciate your posts but unless you have new discoveries I’ve seen them all throughout the years. =)

[I-Glow]

The financials are unaudited a company can file years of financials in a single day as they aren't better by anyone.

Although it does look like the Attorney Opinion letter is due for the Annual Report.

IG

[I-Glow]

No need the Nigerian Diaper Scam has been so incompetent that only novice OTC investors were duped into believing it was a real company - the SEC wouldn't waste their time on such a poorly operated share selling scheme.

But the insiders really put it to shareholders this time as they wiped them out.

IG

[splintered sunlight]

How in the world is this Pink Current?

[HelloKitty8]

Great! I’m happy for you! You can submit your findings to the following website. =)
https://www.sec.gov/oiea/Complaint.html

[I-Glow]

I figured out the Nigerian Diaper Scam years ago.

IG

[HelloKitty8]

Ok Glow, figure it out. =)

[I-Glow]

What does this even mean - "0.38/7000 = 0.000054285714286"

You are taking the post split price and dividing it by the reverse split number which is meaningless.

When investing one must know the numbers.

IG

[Djdjdjdj]

Has anyone written to Walmart.com about these people?

[HelloKitty8]

When dreams of “ Yep, same here ! They can cancel and this will bounce to .004” fade an honorable silence should follow… JMO
0.38/7000 = 0.000054285714286! I’ll wait… =)

[I-Glow]

If you owned 5 million shares pre-split the dollar value was $3500 - and how post split value is $271!

Shareholders have taken a beating.

IG

[NewTrader2017]

When dreams of becoming an investigator fades, people try luck to find scams in otc stinky pinkie games. and they find out successfully.

Kudos!

[HelloKitty8]

I cashed out way before, in the 00 area (pre split). I had zero shares during the split. How did it turn out for you? =)

[splintered sunlight]

Only in BMXC since 5/24/21 but apparently you are correct.

First purchase at 0.0008 - looking forward to buying more at that level again.

[I-Glow]

How did you like the reverse split?

IG

[I-Glow]

I started exposing this Nigerian scam years ago. I started posting in February 2017.

Bemax was created as a share selling scheme. The massive reverse split shows the insiders don't care about investors.

IG

[I-Glow]

Didn't you know that Taiwo Aimasiko doesn't exist. I proved that years ago.

IG

[I-Glow]

You won't be able to find an attorney or Law Firm to represent shareholders because there isn't any assets to be attached - class action lawsuits are filed in Federal Court and the Judge has to Certify the lawsuit and that isn't likely.

There were hundreds of red flags and some investors ignored the Nigerian Diaper Scam.

IG

[Djdjdjdj]

Looking forward to hearing from Tiawo how the r/s was beneficial to shareholders

[splintered sunlight]

LOL

That post was from 4 and a half years ago.

[Nebuchadnezzar]

eye eye captain

[splintered sunlight]

Doesn't matter - it's still a POS.

[Nebuchadnezzar]

BMXC YTD volume 10,711,908,964
or BMXCD

not sure if the volume has adjusted for the split

[PAM2017]

Oh... ok. Did you have anything else to contribute?

[bunkey]

Reputable lawyer is a oxymoron

[bunkey]

Rep

[HelloKitty8]

He will load when the time and the price is right. He's been on it for over 5 years. What do you think??? He will pound this down to nothing. =)

[HelloKitty8]

lol... 0.892/7000=0.00012743, I'll wait. =)

[Djdjdjdj]

Still waiting to learn how the r/s was beneficial for shareholders

[Djdjdjdj]

Who knows

[MasterChi]

trying to figure why $BMXC did the r/s a few weeks ago. Could it be a because of this? Possible R/M? I am speculating by the way. Bemax will expand operations with the creation of a new marketing unit focusing on distribution of telecom products through strategic distribution alliances with telecom product manufacturer and suppliers.

What I learn about otc is take small risk only what you are willing to loose. I got caught up in R/S and suspension. With R/S you loose shares but not value unless the stock drop after R/S. It trading way below post R/S. with the small os it worth a small gamble with volume could go above 6.00+ in no time. I seen it many times. I learn to move on losing stocks.

https://www.bloomberg.com/press-releases/2021-03-11/bemax-inc-releases-revenue-projections-of-2-1million-for-full-year-2021

[Homebrew]

OTC Stinky-Pinkies are "Buyer Beware". Legal action very rarely is worth the $, time & effort.
Not as if there aren't warnings about these & others.

[PAM2017]

Anybody know of a reputable lawyer who specializes in this sort of thing?

[Johnny52]

Ill pay the 400 Fee

[Johnny52]

Among other things

[Johnny52]

Yes they need to just be held accountable for their actions.
The loss of funds are the damages their actions caused us

[Karma11]

$BMXC Exactly..they literally cheated shareholders and even blocking on Twitter the people who question about Reverse Split. I and several of my friends lost their hard earned money. We got attracted with their share structure and false promises about Reverse Split. This Reverse Split is 1:7000 that shows how greedy they are. They wiped 95% of the shareholders with this heinous act. Let us all shareholders file Class Action Lawsuit.

[PAM2017]

I'm in.... Me and some other early investor's already filed complaints with the SEC a few weeks ago, and I was also following a guy on Twitter who was trying trying to start a class action lawsuit, but I haven't seen/heard of anything from him since. I'd written this investment off as a loss already. Plus whatever amount I lost on this play, I ended up making triple that in crypto, but i still held my position because I believed that there was still hope for this company if management could get it together long enough, but this r/s was just the last straw for me. I'm willing to shell out some cash just to see these people get financially ruined and hopefully go to jail! Because what they did WAS a crime. Deliberately misleading and outright lying to investors on numerous occasions on public platforms. At this point you can't call it anything but what it is.... a scheme to defraud investors. So if you're serious let's figure something out and make it happen because this is something that definitely cannot go unpunished.

[Mr-E]

These guys deserve to be sued

[NewTrader2017]

Why you started peeping here? Any reason?

[I-Glow]

No one is foolish enough to buy this junk at $1 - $0.50 - $0.25....$0.05...

"I am just saying that this is a good trade. You will see this flying with this kind of O/S locked for 30 days."

What could possibly be the reason for a reverse split? The company didn't provide a reason.

Basically Bemax wiped out current shareholders.

IG

[I-Glow]

The D is removed 20 trading days after the effective date. I don't believe etrade will execute orders until the D is removed.

If you owned 5 million shares you will now own 714 shares - I would call your broker and try and sell as quickly as possible because Bemax is a trips stock at best.

IG

[I-Glow]

Bemax has always been the Nigerian Diaper Scam - it was setup as a share selling scheme from the beginning. It certainly isn't undervalued.

"That said...are they actually undervalued now? If we're to believe (big question) their statements before about 1.5 - 2 million in revenue in 2021 (projected)...at the current share count of 232k * current share price of 1.22 for a valuation of 283k. That seems...very low?

Almost 5x to 10x low? Is this actually a good entry point for bemax?"

In the quarter ending on 02/28/2021 the reported revenue was $44,180 but the COGS was also $44,180. SMH!

Taiwo Aimasiko (who I have proven doesn't exist) and Jonathan is the person in control has issued pumping press releases for years.

From a past press release:

"Bemax Inc. Releases Revenue Projections of $2.2 Million for full year 2018."

Of course that never happened.

If anyone buys at $1.00 deserves to lose their investment.

IG