[Edward]

You learn more from a former empolyee than from the company. See below a recent review on Glassdoor .

Based on this i would make a guess why the financials are taking so long, they probaly do not pay on a timely basis only when they have cash to do so.Also would guess that is why the former Audtors ended their relationship with BZWR as a clent.

REVIEW FROM GLASSDOOR:

Aug 19, 2024
Shortest Stint Ever
Vice president marketing
Former employee, less than 1 year
Phoenix, AZ
Recommend
CEO approval
Business outlook

Pros

Maybe there's some. I'm not aware of them.

Cons

Make sure they actually have money in the bank before they hire you. I was told they had a new wave of funding and assumed it was in the bank. Nope, it didn't come through. I was hired and then laid off 3 weeks later.

[Edward]

Hard to believe the 2nd qtr 2/29/2024 has still yet to be filed.

Qtr 1 for 11/30/2023 was filed 8/30/2024 with the new audiotors, so the auditors should be familiar with operations.

On 10/2/2024 Rhett stated:

.
Rhett Doolittle
@RhettDoo
We have reached a settlement at @BizWarriorLIFE
in two lawsuits that were ongoing the past several months. Settling lawsuits are always bitter sweet but happy to eliminate the distraction & stop the attorney bills. More importantly, this one improves our Balance Sheet immediately. There are still some procedural tasks to be completed before they’re 100% done. Once complete, we will share the details. $BZWR
6:20 PM · Oct 2, 2024

Today is 11/18/2024 they haven't completed the procedural tasks yet. Of course they didn't say what they were as usual.

SMH!!

[bob4uall]

Funny thing.

IPSI has all that debt you mentioned and their shares are worth about $0.10 each.

Meanwhile, BZWR had liabilities totaling "only" about $9 million, yet their shares are in the tank at $0.0003.

Perhaps their managers are cleverer than our managers.

[Hoosier]

geez...$61 million in debt?
wth? how is that even possible.
im curious what the (IPSI) administration has paid themselves
as they sank further into debt.

[bob4uall]

BZWR merger news.from the IPSI 10-Q dated 11/12/2024

Read it as reported on TradingView here.

Some portions regarding the merger:

Merger Agreement with Business Warrior: On July 28, 2024, IPSI entered into a merger agreement with Business Warrior, which will result in Business Warrior becoming a wholly-owned subsidiary of IPSI. The merger is expected to close within seven to nine months, subject to regulatory and shareholder approvals.

Future Outlook: Looking ahead, the company plans to continue its strategic focus on developing its IPSIPay Express joint venture and completing the merger with Business Warrior. The company aims to enhance its digital payment solutions and expand its market presence in the fintech sector. The company also intends to manage its capital efficiently by raising additional funds through equity sales and borrowing, while reducing its debt burden. The successful execution of these strategic initiatives and capital management activities is expected to position the company for sustainable growth and improved financial stability.

Merger Agreement with Business Warrior: The merger is subject to significant risks and uncertainties, including the need for shareholder approvals and the exchange of convertible promissory notes for preferred stock. The terms of this exchange and the preferred stock remain subject to negotiation and approval, posing a risk to the consummation of the merger.

Liquidity and Capital Resources: The company has an accumulated deficit of $61.5 million and incurred negative cash flow from operations of $0.5 million for the nine months ended September 30, 2024. The primary focus is on the IPSIPay Express joint venture, which has not yet generated revenue. The company also expects to generate revenue from Business Warrior’s product offerings following the merger, if consummated. At September 30, 2024, the company had cash of $1,033 and a working capital deficit of $10.3 million, including a derivative liability of $1.6 million. The company will need to raise significant additional funds to progress its business and complete the merger, which may result in significant dilution to stockholders.

[Edward]

If you need the most powerful lending platform on the planet.

What??

If a company needs a lending platform they certainly wouldn't buy BZWR's.

Just look at their sales and losses and insolvent Balance Sheet. Not to mention the delinquencies with the filings.

Hey, they may not be in existence in a year or two.

Merger may not happen.

[bob4uall]

"If you need the most powerful lending platform on the planet..." you could check out BZWR's new home page. businesswarrior.com

[Edward]

Still waiting for the 2nd QTR. ending 2/28/2024.

The first QTR. was filed almost 2 months ago with the new auditors.

Should not take that long for the 2nd QTR. since the new auditors are now familiar with BZWR operations. Since they completed the 1st QTR.and filed almost 2 months ago, the 2nd should be quicker. They also need the 3rd. QTR and the year end 8/31/2024. Before they are filed, the 1st QTR. ending 11/30/2024 will be due.

Appears they will be in the expert market for quite a while, and maybe the proposed merger may be in jeopardy.

There is IMO no acceptable excuse if Rhett is serious about being fully complient.


Even with the new auditors still takes a long time. BZWR isn't exactually a conglomerate.

[bob4uall]

Good news for plaintiffs! I think I would settle quickly, too, while there was still something left on the balance sheet.

But maybe this helps to clear the way for the merger and/or survival so the thus combined executives can continue to be worthy of their salaries.

[Edward]

F/Y/I

Rhett Doolittle
@RhettDoo
We have reached a settlement at @BizWarriorLIFE
in two lawsuits that were ongoing the past several months. Settling lawsuits are always bitter sweet but happy to eliminate the distraction & stop the attorney bills. More importantly, this one improves our Balance Sheet immediately. There are still some procedural tasks to be completed before they’re 100% done. Once complete, we will share the details. $BZWR
6:20 PM · Oct 2, 2024
·
115
Views

[bob4uall]

Wow! The chart on this page shows BZWR going from $0.000001 to $0.000400 yesterday. That's a rise of 400x. $1,000 would become $400,000. Too bad the Experts didn't let me buy any. It's a shame they allowed a trade of $0.000001 or $0.000102 to transact the other day. It is like stealing money from someone, although I admit the dollar amount was very small.

[bob4uall]

Ok. I used the iHub quote on this board. They show 5 zeros after the decimal point 0.000001 as the close here on your board. Your 0.000102 is a hundred times better. I will assume iHub got it wrong.

[Edward]

correction market cap is


506,961,773* .000102 = $51,719.

[Edward]

The seller got $1.02 less commision =0.

10,000* .000102 = $1.02

Market cap is $51,612

506,961,773 *.000102 =51,612

[bob4uall]

That makes the market cap around $500. Price was down 99.83% today, is the percentage I saw, too.

Too bad for that seller of 10,000 shares when no buyers are allowed. I would have paid him at least 10 cents for his 10,000 shares, but he only got 1 cent. I might have even paid a whole dollar. In fact, if an "expert" wants to contact me, the offer still stands.

[Edward]

Ripley's believe it or not.

Todays trade of 10k shares were traded at 0.0000 (actually 000102).

$0.0000-$0.0006(-99.83%)



Previous close
$0.0006
Today's open
$0.0000
Today's volume
10K

Today's range
$0.0000-$0.0000

52-week range
$0.0000$0.0075

[PennyStockTrader2]

yes I was referring to IPSI shareholders but it could go both ways. Whether this ever happens or not I dont know yet.

[Edward]

I have doubts the merger will ever take place, there is aLways an out.


"The BW Merger Agreement may be terminated at any time prior to the Effective Time by either the Company or Business Warrior if the BW Merger and related transactions are not consummated on or before the seven-month anniversary of the date of the Merger Agreement (the “Termination Date”), provided that the Termination Date shall be automatically extended to the nine-month anniversary of the BW Merger Agreement if the conditions to closing, other than receipt of the Company Stockholder Approval and Business Warrior Stockholder Approval, effectiveness of the Registration Statement and that the Company Exchange Agreements and Business Warrior Exchange Agreements are in full force and effect, have been satisfied.



The BW Merger Agreement may also be terminated under certain other customary and limited circumstances at any time prior the Closing, including, among other reasons (i) by mutual written consent of the Company and Business Warrior, (ii) by written notice by either the Company or Business Warrior if a governmental authority of competent jurisdiction shall have issued an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the BW Merger, and such order or other action has become final and non-appealable, (iii) by written notice by Business Warrior of the Company’s or Merger Sub’s uncured breach of a representation, warranty, or covenant contained in the BW Merger Agreement that would cause the related condition to closing to not be satisfied, (iv) by written notice by the Company of Business Warrior’s uncured breach of a representation, warranty, or covenant contained in the BW Merger Agreement that would cause the related Closing condition to not be satisfied or a material breach of a Business Warrior Voting and Support Agreement (as defined below), (v) by either the Company or Business Warrior if Business Warrior holds its stockholder meeting to approve the BW Merger Agreement and the BW Merger, and Business Warrior Stockholder Approval is not obtained, (vi) by the Company if Business Warrior’s board of directors has failed to recommend or shall have withdrawn, amended or modified in any respect materially adverse to the Company its recommendation of the BW Merger Agreement or shall have recommended another proposal for an Alternative Transaction or accepted a Superior Proposal (as defined in the BW Merger Agreement) and (vii) by Business Warrior if, prior to receipt of Business Warrior Stockholder Approval, Business Warrior accepts a Superior Proposal, subject to the terms and conditions of the BW Merger Agreement."

[bob4uall]

On second thought, you may have been referring to IPSI shareholders, while I was focusing on BZWR shareholders. I don't know what IPSI shareholders may think about the merger, but they may indeed want the latest audited BZWR figures to make a decision. Perhaps, with the new auditors, BZWR can get the year closed by around Thanksgiving. You had a good point that I didn't see at first.

[bob4uall]

Shareholder approval? I'm a shareholder and I would approve without seeing more figures. I suspect Rhett and his friends would approve without more audited results. This is because IPSI is probably the only lifeline that they have.

Maybe BZWR must get current on filings for some reason, but I doubt it is for shareholder approval. The shareholders aren't mutual funds or institutions.

You propose a timeline that will never end. By the time BZWR reports, another quarter will have ended and then the cycle repeats.

All BZWR needs is votes, and they can have mine.

[PennyStockTrader2]

yes they cant do any merger without shareholder approval, and for shareholders to approve we need filings, so expect them

[bob4uall]

Another annual audit? August 31 was.BZWR's year-end. Do you think IPSI will insist that BZWR will go through three more quarterly filings including an audit of fiscal '24? Many mergers go faster than this.

I don't see the point of BZWR continuing to file unless the merger fails and BZWR can continue to operate.

You say they have to file, but why? Does IPSI require it?

[PennyStockTrader2]

ok they filed a quarter, they have to file everything before any potential of moving forward on the proposed acquisition. I see the revenues are in line with what they have been doing. Nothing impressive yet but money problems

[Edward]

However, they have a long way to go.

They still have to file the 2nd Qtr.,the3rd Qtr., and now the upcoming Year end 8/31/2024 with the attorneys letter.

[Edward]

A miracle!!!

Rhett Doolittle
@RhettDoo
We posted our Q1 financials at $BZWR today. On our path to getting back into full compliance & complete this merger with $IPSI.
2:38 PM · Aug 30, 2024
·


A couple of new lawsuits Though:( the 1st one may have been
known before, not sure)

On January 26, 2024, Business Warrior Corporation was named in a lawsuit filed by Adam Spencer, ELEV8 Advisors Group LLC, EVRGRN Industries LLC, and derivatively on behalf of Business Warrior, alleging various causes of action related to the Company’s prior disclosed agreements with EVRGRN and ELEV8. The resolution of this dispute may influence the contingent liability recorded with EVRGRN. The Company believes that the lawsuit is without merit and is vigorously defending it. The Company is also contemplating filing a counterclaim in this matter.



American Express Travel Relates Services Company, Inc. vs. Business Warrior Corporation, Index No: 651767/2024, Supreme Cour of the State of New York.



On April 5, 2024, American Express Travel Related Services Company, Inc. filed a lawsuit against Business Warrior Corporation for breach of a commercial credit agreement seeking judgment for the sum of $72,186.52 plus legal fees. Business Warrior Corporation is working to settle this case.

[Edward]

Couldn't agree with this more that someone posted on BZWR's and Rhett's (CEO) X (TWITTER) ACCOUNT:

"Well we know now this was all BS now that the anticipated aquistion with IPSI has been announed. These financials will never be filed and BZWR knew ths all along.

Now the SH are forced to accept ISPI shares since they cannot sell their positions in the expert market."

[bob4uall]

Selling has brought BZWR's merger partner IPSI down to about 52-week-low levels this week. How low will it go?

[bob4uall]

Experts are moving BZWR up a little. Maybe they will soon start guessing how many IPSI shares BZWR will convert to.

[FatCatFenix]

LOL What a joke of a stock and well your response as well.

I do not lose money ever.

Tell you you’re a liar without being actually saying your lying!!! 🤣

All IMO of Course.

[FatCatFenix]

You realize that since you can’t even do proper DD… you posting you “sold” is not fact… it’s simply you tossing false information to play your narrative.

Post a screen shot and maybe we’ll believe you but with your history… probably not going to happen.

Its okay, No one believes you ever!!!

All IMO of Course.

[Edward]

Well take the time. You will find it. it was posted a long time ago.

Really do not care wheter you believe it or not. No skin off my back.

I do not lose money ever.

[FatCatFenix]

I dont think anyone on this earth or universe would take the time to lookup if you sold a stock or not… as your answers can never be considered truth 🤣

Facts are simple here… this is on the Expert market and they have as much credibility as any of your posts.

Enjoy bag holding as that’s all that happening here, just read the filings, its a true joke.

All IMO of Course,

[Edward]

LMAO.

Guess you haven't read this.

But i sure you did!


I SOLD BZWR @.35 years ago.

[FatCatFenix]

As usual this company is full of lies and just taking your money.

Do some real DD and find out for yourself.
Hope you didn’t loose to much here but from the looks of it… LOL!

Maybe you should average down?

All IMO of Course.

[Edward]

Have a feeling the merger won't happen untill next year. if it does at all, and BZWR will remain in the expert market ubtill then. BZWR has no intention to file financials unless the merger falls through.

Bu then again, if the merger doesn't happen, i see CH11.

[bob4uall]

A $3.32 trade took BZWR down 14% to $0.0006. Maybe the Experts protect new investors from hurting themselves, but they sure do a job on existing shareholders. They can have no benefit coming from good news or announcements, and just have to wait it out. They can sell, but the price will be low because most are ineligible to buy. I would buy a million shares for $600 in the present scenario, but can't.

[bob4uall]

The 8-k indicates that the merger is on track and did not fail between March and the present time. The BZWR and/or IPSI creditors have had time to blow this up if it was in their best interests, but of course they still could. What is the delay, then? The auditors' dumping of BZWR must be part of it, I would guess. I hope BZWR gets the notices out to shareholders soon and completes the transaction.

[Edward]

8-K filed today on the merger:

https://www.otcmarkets.com/filing/html?id=17725086&guid=9VO-kpJukIACJth

[Maxinvestor89]

No idea about pushing the price (maybe when the actual closing of the merger takes place)

Right, BZWR will probably not get out of Expert Market before the merger closes.

IPSI might convert notes and exercise warrants prior to the merger closing, ya. (at 0.345$ for the vast majority of these convertibles securities)

Ya, for sure the ratio won't be 1:1

[bob4uall]

Will the Experts push the share price up to around the March $0.004 you are talking about?

I could see it be the average trading price in the 20-30 days preceding the moment BZWR went to the Expert Market

Time will tell.

I think the audit is what will be relied upon for the deal to go through. I see no need to worry about qualifying BZWR shares to trade again. They would be converted to IPSI.

But IPSI may dilute quite a lot to handle having 45% of the shares outstanding going to BZWR holders.

I have no idea how close $0.004 is to reality, but if IPSI is 25 cents/ share, 1,000 BZWR would convert to 16 IPSI shares.

[Maxinvestor89]

Unfortunately, the IPSI Definitive Agreement doesn't mention the requirement to fill anything beyond what has already been filled by BZWR in 2022-2023

It doesn't mention the need for BZWR to become Pink Current or even Pink Limited.

I highly doubt the price while in EM will be used for establishing the merger consideration

I could see it be the average trading price in the 20-30 days preceding the moment BZWR went to the Expert Market

The Preferred A converts into 15.50% of BZWR Total shares outstanding

The Preferred B, it gets much more complicated to determine, but... It's supposed to be 80% of avg 20 days prior to conversion (but usually, price while in EM, can't be used for something like that)

Personally, I used 0.0035$ x 0.80 = 0.0028$

Screw that... As of December 31 2023, there is no Preferred B outstanding according to BZWR 10-K (IPSI 8-k confused me, because they used the capitalization of BZWR, prior to 2023...)

Preferred C:

50K outstanding

VERY WEIRD conversion term...

"The original issuance price divided by the average closing price of a share of Common Stock on the principal exchange or market on which such shares are then trading for the 20 trading days immediately preceding the date upon which the Notice of Conversion is delivered to the Company. However, in no case shall the Series C Conversion price multiplied by the total number of shares of common stock issued and outstanding be less than $30,000,000; nor shall the Series C Conversion Price multiplied by the total number of shares of common stock issued and outstanding be more than Fifty Million Dollars ($50,000,000). In such case, the Series C Conversion Price shall be adjusted so that the Series C Preferred Conversion Price per share multiplied by the number of shares of common stock then issued and outstanding shall be $50,000,000."

minimum 30m$/Shares outstanding prior to conversion

https://www.otcmarkets.com/filing/html?id=17376571&guid