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Here is the answer i received.
The problem is with the 1st quarter, so now we know the real answer. Always go to the source.:
Investor Relations
1:50?PM (4 minutes ago)
to me
"Thank you for the message. Yes, we filed the 10K yesterday, which was within the time frame we were given. Unfortunately, it seems that OTC's understanding of the guidelines is that we needed to file our Q (Period ending 2/29/24) by 3/18/24 as well. That was not the information we were given by our SEC attorney, so we are dealing with it now. We can't say whether that is the SEC rule in fact yet or not, but we are working to get an accurate answer. In the meantime, we are working to get our Q done ASAP. Once the Q is done and registered then OTC will move us back to Pink Current.
Unless OTC Markets decides, "Oh! We made a Mistake!", it looks like BZWR is in for an application process that will take who knows how long:
According to Hamilton & Associates Law Group, P.A.: "Companies moved to the Expert Market from another OTC Markets tier can apply to relist on the OTC Pink or other OTC Markets tier by becoming an SEC reporting company, submitting a new Form 211, and meeting OTC Markets requirements for the particular tier."
At this point, getting IPSI shares in exchange for BZWR shares might be the better outcome. But maybe not by much.
You will learn. This is your first EM play obviously.
You can be here for 1yr
You keep coming back though…lol.
LMAO
Another ridiculous answer and evasive.
Goodby.
DEFINITELY WILL NOT RESPOND TO YOU AGAIN.
Obvious what your about.
Bid is at 0.0005…that’s how it’s played. Told you.
0005 10000 X .004 50000
Well. EM plays aren’t for trading. It’s for those that are patient
So makes no sense wasting money to open an account solely to check quotes that won’t help me much
LMAO
You play EM stocks but depend on a friend for quotes.
Can't get funnier than that.
I usually ask a friend who has IBKR acct …I don’t.
EM quotes are typically delayed though and very terribly manipulated.
MMs enjoy commissions in EM so they sell like 100-500 shares paint down
Let me ask you, what is the current bid and asked. You can give in $Canadian dollars or US $.
In the US it shows .003-.005 which was from yesterday after close, however that in all likelihood the current bid and asked.
We can buy them in the US but we have to call the broker, just can't do it online.
Again, naive move. They know nothing cos they are at the mercy of OTCM.
I always see this your move on every board until 1 day turns to 1 year….
Lol
See yah
I sent an EMAIL to BZWR IR asking them why they were moved to the Exeprt Market even though the filed on the due date.
Hopefully they will answer, they always answered me in the past.
I will post the answer if i get one.
I meant DLTI…sorry.
Did I not tell you from the get go I play EM stocks cos I can buy them?
Or you didn’t read my posts?
Will be waiting in the trips if it gets there…
No, they didn't file it with the SEC.
SINCE they filed with the OTC, they need an attorney's letter with the OTC to be in compliance. also the disclosure may not have all the info needed. STOCKS HELD ARE NOT HELD IN THE EXPERT MARKET FOR NO REASON.
They are not fully compliant.
Secondly, just curious why are you posting here, never have in the past.
Why would you even care.
Well, at least we have the biggest font on the 3-Hour Ticker Bizz Cloud here on iHub.
They hold up if no one wants to sell to exit…ruthlessness happens around December for tax harvesting…
FCRB SBNY all the good NASDAQ BK plays that go delisted touched 0.0001 before rebound.
SBNYL dropped to 0.0001 before heading back to $5.
So this is likely going to touch trips the longer it stays in EM.
How they could expose themselves to such damage for being one day late is a great shame. I have seen grey/expert market share prices hold up, but I agree that there is a great risk for collapse when demoted.
Lots of them. It depends if your filing was accepted or not: DPUI is a good example too.
Back in November and the filings had issues and still in EM…in fact they submitted more in Feb and still in EM
Oh please with this nonsense. Your response says 2 things may or may not. Really say's nothing. Talks out of 2 sides of the mouth.
Typical, you never answered my question:
What company in the expert market that met the filing requirements on the final day or soon after remain in the Expert Market for years.
Name the company.
Not going to response anymore with you since you are no committal on anything, nor do i believe anything you say.
It won’t be. I can buy but no way I am paying 36 for an EM play with 10Q over due.
I will buy around 0.0001-0.0005 soon.
You didn’t know but don’t want to to learn and act like you know.
I don’t need to call to buy EM and you can see the bid and ask through some brokers for instance: IBKR will show both in EM.
That 0.0036 you are seeing will change soon when someone decides to liquidate. You will see 0.0001 here if this stays in EM for another few weeks.
Yes. Being in the Expert market is a problem. Actually the bid and asked shown isn't the actual going market bid and asked. So if you want buy the stock you have to call the broker to find the going offer. The same if you want sell, you still have to call the broker to find the going bid rate.
I mentioned before the LOI looked a fishy to me.
The company that made the LOI is not in a good financial position.and neither is BZWR so combined they would be a bigger company in bad financial position. BZWR has large notes to pay. Also why would a company want a company with a lawsuit pending and without future guidance and the CEO not even acknowledging that he received a LOI even though the bidding company made it public.
Just my opinion.
The $0.0036 coincidence.
BZWR's share price may be stuck at $0.0036 for awhile if there is no action in the expert market. Somehow, that is equal to IPSI's announced "The principal and accrued interest under BZWR Note is convertible into common stock of BZWR at a price equal to $0.0036 per share, subject to certain adjustments and potential resets."
So now, how can BZWR want to announce a "deal" if their stock price has little chance of rising in the expert market because of a reduced number of potential buyers? What happens to share price if selling is allowed but buying is difficult? If somehow BZWR could have filed even last Thursday or Friday, they may have avoided this mess. How did the auditors not do what it took to help keep their client BZWR out of this trap? They couldn't have been unaware of this deadline, could they?
Why?
Have you seen any company that meet the deadline stay in the expert market.
I Asked that before.
By the way my hopes are not up or down, really do care that that much, since it was selling @.003 anyway and no way i can lose any money on my remaining position since i sold a lot of shares @.35.My cost on the remaining lot is about .01.
In BZWR'S case, i believe it will be short. And you know what, i will be right.
Don't need a response, nor a lecture. Really do not deal in penny stocks which is appox. 1% of my stock holdings. Only have 3 which i buy with dividends only from my core investments.
All is speculation.
And yes, any company that does not meet their requirements in years are SCAM companies!
Enough time has been spent on this.
“Stocks that stay in EM are scam companies “ actually not true.
Don’t get your hopes wrong..you can be lucky and be out tomorrow but you can be here for 2 years.
I have been on both sides of the spectrum. Both are genuine possibilities.
Trust me
I appreciate that.
I still believe because everything is automated, when the date in the system states 3/18/2024 as the deadline for the expert market and the company satisfies it on 3/18/2024 the stock is automatically sent to the expert market. The OTC needs a day or two to see if the content of the10k satisfies the requirement
Stocks that stay in the expert market i would assume is because they have still not filed and are rally SCAM companies. NOT THE CASE WITH BZWR. That's why i believe BZWR will be in the Expert Market for a very short time---at least i hope so.
Of course this my opinion.
Otherwise if they stay in the Expert Market after they met the requirements , then why file.
Check out FORZ that might help you.
But it went to EM and the filing changed it back to Pink next day but went back to EM again after a few days
Check the CEO’s X page and the filings dates( he is a serial liar though and a diluter) but you can compare with yours here
Sorry Diana15, the Board doesn't let me reply to two at once. I didn't mean to not give you credit for your input. Sometimes, when only two of us are active on this Board, I feel like I reply to you or follow you too often.
Anyway, I appreciate your experience and sharing of opinions and information. You were more accurate on your assessment of the 180 day rule than I was, when you came up with March 18. Apparently, OTC doesn't really mean 180 days. They mean 6 months. The two are slightly different.
That's what i thought.
That is why i said give it a day or two.
That was my point.
Based on the ones I have seen…being a SEC filer too.
You are very likely to get pink the next day but being due on your 10Q probably complicated it for you
Well let me ask you.
Have you ever seen kept in the expert market when they met the deadline for the 10k filing.
They had until 3/18/2024 and filed on 3/18/2024.
You can buy EM stocks in Canada.
I am restraining myself from buying more as it ties your money down if company isn’t forthcoming as planned.
I have played some successful ones though so won’t complain.
I have held some for over 8months and they have been stuck for over 2 years with promise to file…lol.
So you guys might be lucky but this might be on for another 2 years…based on my experience
I think you would have gotten a pink limited with 10K being accepted if they had filed a NT-10Q
You can always sell on EM…always test with buy orders
We will see if it resolves quickly. Meanwhile, the first quarter report being overdue doesn't help.
Well that confirms it.
Makes sense. i tested it with a sale order.
But still to take a day or two .
Everything is automated with computers. The date was 3/18/2024.
So possibly the OTC will change it sometime this week after they determine it meets the requirements filing date..
Didn’t want to argue with him or her. I am in Canada and have played loads of EM plays.
Happy to learn if I am wrong but when it changes to EM on OTCM…it’s usually so.
I can’t see level 2 on iHub on it either so it’s pretty clear.
I do agree with the assertion that they might look at filings today and then switch back to pink overnight
Buy order not accepted at Schwab.
It came back with, "Your order cannot be accepted. This security BZWR is accepting closing transactions only. (DO911)"
Interesting. Good to know.
Doesn't appear to be.
As i said SCHWAB accepted the order online which cannot be done if the stock is in the expert market, you have to call to put an order in.
Secondly, willing to bet the OTC updates BZWR to OTC other-- give it a day or two.
Because they filed yesterday doesn't mean the OTC looked at it.
The OTC will look at it today and someone has to approve it.
Because the system it had a date of 3/18/2024 it automatically shows the expert market.
I never assume anything unless it is verified.
Since SCHWAB accepted the order online, and has not indicated That BZWR is in the Expert Market , i wouldn't guarantee it..
To be certain i would have to call SCHWAB to confirm either way.
This what it says on SCHWAB:
BUSINESS WARRIOR COR BZWR: OTC Markets
Well. I have been playing EM stock for a while now, when it says EM…it’s EM.
Well that is probably linked to the OTC website, so it just reads what it says.
I put an order in Schwab online to test it. It accepted the order, so i will wait to see when the actual market opens.test
It was just a test so i deleted for now.
Today when the market opens we will know definitely.
It is bro:
🚨 $BZWR
💰0.0036
Expert Market, AS: 850M, OS: 506M, US: 222M
Tier Updated:
🔴 Pink Limited Information
🟢 Expert Market
Chart, OTC Profile, Twitter, @otcupdates
According to the OTC website, BZWR is now in the Expert Market.
Whether it is or not not i am not sure at this point.
https://www.otcmarkets.com/stock/BZWR/quote
It is possible the OTC website has not been updated to include the filing yesterday ( even though it shows it was filed) and will be revised soon to show compliance or there is another problem.
We will find out when the Market opens today.
Yes it is odd that Rhett never mentioned IPSI LOI.
The 3rd quarter report only said..this about Elev8:
"As of August 31, 2022, the Company entered into a note payable due to Elev8 Advisors for $75,000. This note bears interest of 17.97% and matures in
February 2024. The Company made payments of $43,059 to bring the note payable balance to $31,941 as of May 31, 2023."
I never saw anything about a dispute.
It looks like the 4th quarter is silent about IPSI, unless I missed it. Evidently, whatever has happened is not reportable as a subsequent event.
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