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I’m repeating what the CEO said…word for word…but he seems to talk out of both sides of his mouth…lol…so maybe he’s the one that needs a lesson in truth…he’s very questionable right now IMO…
But hey…I’m long and staying the course…not selling…it’s just that my expectations went down considerably…right now it’s just another stinky pinky.
Can't file Registration until completed audit, yes, of course, However, split hairs, make excuses as Nils does, can prepare the Registration with placeholders and get it as prepared as possible for completion and filing once after the Audit has been completed. That's the Nils double speak that occurred on his disheveled ill prepared conference call.
"You are telling the truth... as you see it". So, it isn't really the truth. It's just what you think is the truth.
Sorry, this statement was just funny to read.
I’m not telling a story dude…I’m telling the truth as I see it…it is what it is.
I had same/similar aghast response. You're CEO and you don't know very well "the data" and fundamentals of your own efin' major deal? The deal that you now say is a "maybe."?
Amazing, right? How's they get the Brazil measured/inferred so incorrectly? He lied the first time. Lying to shareholders again, Nilsy boy?
"I winced hard when Nils corrected the press release, where we went from 250k inferred and 100k measured at Brazil, to just 100k inferred at Brazil."
On the call, Nils seemed to conveyed Brazil acquisition "may" occur. So much for a Brookmount definitive agreement to acquire it. He said all company effort and focus is/was on the Auditing process, so Brazil on back burner. Well then why and how so during the middle of the Audit process did you Nilsy boy arrange and PR the Brazil definitive (oops, changed to 'maybe') acquisition?
Your the only one telling a story. I have Financial Statements, Research Data and Conference Calls with BMXI. The PPS is meaningless in a Bear Market, and do you want to talk about talk about dilution? Cause I would love to exposé how AFFILIATES WORK..
I don’t have to be involved in an audit before to comprehend what has been said…plain and simple…and he never said it was done and they’re reviewing it…sorry.
The audit is done, they are reviewing it. Obviously you have never been involved in an audit before.
'This CEO is losing his credibility'... Can't lose something he never had!
True…we all know what’s up…the audit is not done and the registration filing is not done…plain and simple…the PPS also tells the story…there is zero confidence in this right now, and they diluting the shite out of this. Sketchy? You’re damn right.
Maybe YOU should give it a rest.
Why on earth would a company work on a Registration Statement if it must include a Completed Audit? ROFL. Sounds sketch to me.. You can't have it both ways man!!
Common sense applies to BMXI.. Company not spending hundreds of thousands of dollars on Double Talk or Semantic. So give it a rest. Anyone who listened to the conference call knows what is up!
I just listened to the conference call…twice. No reading needing, correct.
The audit is not done, as they are still reviewing the 21-22 numbers…the registration statement is still being prepared by the lawyers…so it is NOT done.
All the rest is double talk.
No READING needed. Just listen to the Conference Call. I never said the registration statement was FILED. You would see a Form 10 listed on Edgar if it was. How ever that does not mean they are not working with the SEC to get it filed! They have a POINT OF CONTACT at the SEC.. ;)
If he said they were WORKING on the registration filing…to me that says it has not been filed as yet…don’t know how you can read that any other way.
He said “our lawyers are PREPARING a Registration Statement”…
I have mentioned this before. A company "CANT" file Registration Form 10 with the SEC unless the Audit is complete. The Audit must be included in the Form 10 filing. During the Conference Call CEO Nils mentioned they were working on the Registration filing. They are also working with the Nasdaq.
Audit is not done. This CEO is losing his credibility and that's not good in OTC stock.
I don’t recall that at all…saying the “audit is done”
“The auditor is reviewing financial statements for ‘21/‘22 to go to internal review committee..they should be internally approved in the next few weeks”
Nervous Nellies got their panties all knotted up (and don't assume anything). Just sit on your hands and wait patiently.
$BMXI
Long and Strong! I am still here. We got what we wanted. Like Nils said "The Audit is Done". Do we need to plays the sound clip from the last Conference Call? AHAH.. Honestly I am just waiting around until they make things "official". And the official Route BMXI is taking is filing a Registration statement with the SEC (FORM 10).
The Form 10 will Include the COMPLETED AUDIT. which we all know is done.
YES I AM STILL HERE and LONG..
Here is how we see things for bmxi, the treasury is selling a massive amount of bonds, if they have a tough time selling them, the interest rates on them will soar, the fed must pause to enhance buying of the bonds, gold and silver will rise and so will bmxi as valuations of the company increases in value.
Missing recently your presence here as so far always convincing bullish poster with readiness to discuss, explain and defend this investment and its way to become a NASDAQ-stock etc.
Even if you had changed your opinion completely (what I unfortunately have to assume) - wouldn´t it be fair to vindicate/explain such a step? Especially as a rare important, serious and convincing defender of Nils` (meanwhile somewhat suspect looking) behavior.
Expecting a honest answer. TIA and GLTU.
excellent quuestion
Just wanted to add that those payments were associated with the purchase of the moosehorn, Canada property. A purchase that was finalized and PR’d way back in October 2021. Does anyone have any clue about the production status of that property? I saw someone ask about their tweet anticipating it being in full production by middle of 2023 and it’s now the middle of 2023 and I have no clue about it’s status.
Now with that being said I still don’t know how the future of BMXI will play out. Could they still uplist to nasdaq? Well I certainly hope so because it’s been a long, frustrating ride so far.
But I think it’s important to dispel the narrative that they are only diluting so “leOnITe tHe LeNDeR cAN GeT CHeaP SHarEs”
No, the profits from Indonesia are locked in country and the have been making property purchases over the years that require payments over time. Those financial obligations are being met by diluting current shareholders.
For the sake of all of us I really hope the uplisting timelines Nils spoke about last CC come to fruition because if not that would require another 7.5 million shares of dilution at current prices
I was reading through the REG A filed in March 2022 that Nils referred to during the previous conference call and came across this:
“ The company will make the following payments at the following times to Gennex with respect to the purchase of the Assets as describe in Note 6:
- $50,000.00 USD to Hartley payable on March 15, 2022
- $93,000.00 USD to Hartley payable on March 31, 2022
- 250,000.00 USD to Hartley payable on June 15, 2022.
- $250,000.00 USD to Hartley payable on December 15, 2022.
- $250,000.00 USD to Hartley payable on June 15, 2023.
- $750,000.00 USD to Hartley payable on December 15, 2023.
- Or as otherwise agreed to in writing by separate amendment between the Parties.”
No wonder the company has been diluting so hard lately. At the time of that filling BMXI had roughly 17 million shares outstanding. They currently have a little over 61 million. The company paid an analyst to write up a research report and a 6 dollar price target to drum up retail interest and sold over 40 million shares off of the back of it point blank period.
Before, I had enthusiasm. But now have skepticism. I thought BMXI was a winner Stock. Right now I wonder about where it's going.
LC
BMXI
Thanks for all you do here.
Yeah and then when he said he didn't want to say more because he didn't have the the data in front of him I cringed super hard. You are literally the CEO. How do you not know those numbers like the back of your hand.
That merger/acquisition is costing 5 million USD and 49% of your freaking company and you don't have the figures burned into your brain!!!
Last days were very disappointing for me re. this investment. Instead of becoming more confident and encouraged (e. g. because Nils this time really delivered) he created only more uncertainty and doubts.
Currently I still try hard believing the way DDV described several times to get via the offering a much higher pps level to fulfill the re. NASDAQ requirement (an e. g . number of $1.00 would suddenly mean a 10-bagger of our share value). May be really possible and happening, but today I have to say I I'll believe it not before really occurring. A week ago my skepticism-degree was way lower. Ignoring this blessing and great solution to help enriching us - if so, I promise to shut up definitely, LOL - I secretly tend to call the CEO a con-man, in the face of his up to now "honesty/dishonesty" -balance.
Bottom line: We have to wait and see and accept finally how it will work out. I only know, that my patience isn't endlessly stretchable.
Yea same. There's a hapazardness to it all, which lets hope, is part of the greater leonite situation context where it seems like playing things close to the vest is the strategy until "boom time?" And then Nils wows us with: New Website, Great Presentation, Marketing, Numbers Upfront, Path To Production, Youtube Interviews with dozens of mining channels, etc.. We should expect that of him, frankly Until then I just go by the fundamentals. Which reminds me, I winced hard when Nils corrected the press release, where we went from 250k inferred and 100k measured at Brazil, to just 100k inferred at Brazil. I had to adjust things alot, and figured out the new multiple to reach the average valuation in this category is 3-4x from here, all things remaining equal, 30-36 cents a share. But hey, I'll take a 3x in this dogsh*t market any day.
*Thats without the uplisting, I'll try to compare the big board names specifically and recalculate it. I'm sure its a higher multiple to reach average.
My sorrow: with the pretty nebulous result of the x-times promised but de facto again delayed AF-release Nils won more time to stretch and delay the point of its announcement, what however for us shareholders always was meant and hoped as start point for a new pps-development upwards.
Now it looks we'll have again a very uncertain future, it theoretically could last until year's end or later until any change to better times for shareholders could take place.
I'm of that exact opinion myself. Which is why the red flag list actually does matter a lot. Maybe not in the context of this leonite business being a major catapult, (I do hope its true), I can tell you no one is interested in us to get beyond this $6m MC, and to $20m floor where we at least belong, imho. Too many sh*tburger miners out there Nils needs to rise above. But I dunno, I see him on that trajectory.
Maybe less Virtuoso than proclaimed and more Due is to do.
This is correct, but there are retail investors in $BMXI who are waiting for institutional investors to come in at some point. These investors will drive the pps. However, there are also retail investors who have no patience to wait and will get out which will drive the pps down temporarily.
But DDV says such people aren't going to drive price now or in the future.
Agreed. The pps is below .10 because of MM illusions. If this continues for any length of time without an audit, people without access to DDV's DD will begin to lose faith and sell which will drive the pps even lower. Those with access to it are still holding (for now, but they may not hold indefinitely).
$BMXI
Instead of a glorious weekend after releasing the long expected AFs Nils let us left in the dark about what their factual state is, when they will be out and also about many other obscurities and ambiguities. We have IMO to reckon with other delays, excuses, lies and indefinite time frames.
And we here should stop believing this company being that serious, credible and promising. The desastrous pps-development is speaking volumes. Only can hope it's part of a subtle game. If so, ok., but still disgusting and annoying. If DDV wasn't here explaining this curious stuff we never would have learnt the combined Leonite & Brookmount game. The AFs holding back, if ready or not, and once more refusing to call an exact date of delivering is another smart method unaware shareholders prompting to sell. A dirty game, actually.
Big red candle on light volume giving the illusion that people are selling when they really aren't. Just another MM game.
$BMXI
That might be DD Virtuoso
Did I read on this board that someone had a telephone conversation with Nils? I'm considering trying to contact him
CEO has to cultivate his re. reputation, LOL ... sad and disappointing.
Contemplating that there are other opps where you know which side one's bread is buttered on ... (just found this phrase in my dict. - you surely know what I mean).
Thought at the latest end of May was kinda turning point here. Instead of that looks we can be glad holding the penny. Even if it is (allegedly!) "part of a certain game", it´s annoying and by no means encouraging - at least with this lack of re. info.
Insane…terrible job of managing a company…all talk and no support…kick that can down the road and shit on the shareholders.
Nevertheless I’m staying the course.
Not adding though.
I can see I’m not alone in that mindset.
Nils says two underwriters should be secured for BMXI in the next 30 days. By the end of the third quarter the registration and filing of the audit should be done and BMXI should be well on it's way to a Nasdaq listing.
The date of the next conference call should be given in the next seven to ten days according to the call. Looking forward to more positive news as the registration and audit process comes to a conclusion with approval from the SEC.
imho
By end of 2023 3rd quarter, but no commitment, just a target. Nils says things, though.
I don't believe Nils set a time frame for when he intends to uplist. If there is one, I must have missed it, but I'm pretty sure it's not tomorrow.
$BMXI
not sure how Nils can get this onto the Nasdaq with out great earnings and large trading vol.
There are 4 set of creteria and a company needs to meet one of those sets.Share price must be $2-$4 depending upon which set they qualify for. Number of shareholders varies depending on which set. They may need 450 to 550 excluding officers
OTC is an exclusive type club they have high standards.
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