Business Warrior Corp (BZWR)

[Kjv]

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.

[bob4uall]

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.

[Kjv]

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

[Edward]

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.

[Kjv]

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.

[Kjv]

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.

[Edward]

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.

[bob4uall]

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."

[Kjv]

Reread my post.

[bob4uall]

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?

[Edward]

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.

[Kjv]

“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

[Edward]

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.

[Kjv]

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

[bob4uall]

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.

[Edward]

That's what i thought.

That is why i said give it a day or two.

That was my point.

[Kjv]

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

[Edward]

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.

[Kjv]

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

[Kjv]

I think you would have gotten a pink limited with 10K being accepted if they had filed a NT-10Q

[Edward]

Didn’t want to argue with him or her. I am in Canada and have played loads of EM plays.

Changed your tune. Before you stated "Interesting. Good to know."

How can you have EM plays when an opening position cannot be done.

Surly you can't short it.

By the way "bob4uall"why didn't reply to me, since i was that brought up the evidence issue.

Classic bob4uall

[Kjv]

You can always sell on EM…always test with buy orders

[bob4uall]

We will see if it resolves quickly. Meanwhile, the first quarter report being overdue doesn't help.

[Edward]

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..

[Kjv]

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

[bob4uall]

Buy order not accepted at Schwab.

It came back with, "Your order cannot be accepted. This security BZWR is accepting closing transactions only. (DO911)"

[Kjv]

Interesting. Good to know.

[Edward]

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

[Kjv]

Well. I have been playing EM stock for a while now, when it says EM…it’s EM.

[Edward]

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.

[Kjv]

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

[Edward]

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.

[Edward]

Yes it is odd that Rhett never mentioned IPSI LOI.

[bob4uall]

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.

[Edward]

Gee, Rhett never mentioned this as far as i know.

May be somewhere, but i never saw it. Was it?

Adam Spencer, ELEV8 Advisors Group LLC, EVRGRN Industries LLC v Business Warrior Corporation, Case No. CV2024-001136, Superior Court of Arizona, Maricopa County, Arizona



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.

[Edward]

Ripley's believe it or not:

They filed.

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

[Edward]

Actually the have until 10:00pm to file: or is it 5:30pm might be ??? see belows paragraph.

The hours in which the SEC accepts filings in NEW YORK
6 AM- 10 PM

https://www.newsfilecorp.com/filing/edgar/hours_deadlines.php

"The acceptance date is not the same as the official filing date. If a filing is submitted after 5:30 PM or 10:00 PM EST, for non ownership reports and ownership reports respectively, it will not be deemed filed with the SEC until the following business day (except for the "T+3" filings, made pursuant to Rule 462(b), which will receive the date of the actual filing). If you have any questions about your filing's acceptance date, consult the electronic acceptance" message which we forward to you after submitting your filing; these messages state the official filing date.

[Edward]

BZWR has until Mon. the 18th 5:00pm to file.

As of now, it appears they won't.

Just have to wait and see, they may or may not.

[Edward]

Funny, shareholders are not alone being in the dark as to the financial situation of the company.

Looked at the review from an employee of BZWR.

He/she is also in the dark of the financial situation. From Glassdoor website

5.0
Jan 4, 2024
Amazing team with outstanding management
Marketing Coordinator
Current Employee, more than 1 year
Phoenix, AZ
Recommend
CEO Approval
Business Outlook

Pros

Transparency, good team, fantastic work culture

Cons

Work life balance, unknown financial situation

Probably have to open an account to see the reviews-- link below.

https://www.glassdoor.com/Reviews/Business-Warrior-Reviews-E6748776.htm

[bob4uall]

Maybe the share price is rather steady due to the 2/26/24 8-K setting a share price for purposes of conversion: "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."

If this merger with IPSI succeeds, there seems to me to be little reason to continue reporting BZWR financials publicly. The Investor Relations department may still be pushing their usual cut-and-paste response on transparency and timeliness of reports, but they may not have the memo yet that the company is about to be swallowed up by IPSI.

There is disagreement on this Board about when the grace period will run out. If the formula is 180 days plus 15 days grace, the 180 days after 8/31/23 ran out on 2/27/24. Fifteen days after that is today. So, if there is no extra grace time or rule adjustment of some kind, we may not see BZWR stock quotes tomorrow.

[Edward]

They have until :

Grace Period Grace Period
Yes, Last Day of Grace Period: 03/18/2024

https://www.otcmarkets.com/stock/BZWR/quote

Posted previously:see Post # 5,208

[PennyStockTrader2]

Well I'm continuing to add at these levels.

They should meet the deadline to file the 10-K. Per my calcs, we have till today but OTC Markets seems a bit finicky and may give more grace if working with the company behind the scenes.

"If reporting under Section 13 or 15(d), the company has filings publicly available within 180 days from applicable reporting period end" (15c2-11 Tier Chart.pdf)

08/31/2023 (last filing end period) + 180 days + 15 day grace = March 13 (today)

Worse comes to worse we go into Expert market but we can come right back out of it once compliant, its not the end of the world, BUT there could be something needed with regards to getting a market maker to be fully quoted, but the stock will be tradable with quoting with Fidelity that I am sure of. But this should be avoided at all costs and I have a feeling that OTC Markets does communicate this to the company as a heads up

Anyway I continue to feel that combining with IPSI is a good move for both companies.

[bob4uall]

Odd that almost no one wants to add or shed shares now that something big must happen soon. One or more of these events must happen:

The annual report must come out or BZWR will be demoted to the expert market.

Maybe they are even running out of time for the 1st quarter report.

The IPSI merger will be accepted or not.

Their assertion that "...we are dedicated to ensuring that our 10-K is submitted within a timetable that does not compromise our reporting status." will soon be proved to be a lie or not.

Any of these changes should affect trading, but no reaction has occurred. I am surprised that some are not getting out while they can still get $0.003.

[bob4uall]

Somewhere in their “transparency” they have deemed not to acknowledge that the LOI exists. I can see right through them…

Oh well, at least “expert” is better than “grey”, if they fail once again to meet their deadline.

[Edward]

Received an answer from Investor relations just now from my email yesterday asking if they will file to avoid the expert market. However the answer didn't say yes or no but the same general info that we knew. So, i still do not know if they will. I underlined a statement in the 4th and 5th paragraphs which does confuse me a bit because they are acting as though a LOI doesn't exist or maybe they have no interest.Can't quite tell.

.Investor Relations

10:45?AM (4 minutes ago)

to me


We want to thank you for your inquiry and for your continued communication with us. We understand the importance of transparent communication, especially concerning our financial performance and reporting timelines.

We are currently in the final stages of our annual audit, a process we approach with the utmost diligence and responsibility. Over the past few months, our team, in collaboration with our auditors, has been thoroughly reviewing all aspects of our financials. During this process, we encountered certain items requiring additional attention, particularly related to the segmented business requirements of our subsidiaries. These complexities have led to unforeseen delays in finalizing our 10-K report.

Please be assured that addressing these challenges has been our top priority. We have been working closely with our auditors on a daily basis to resolve these issues promptly and accurately. Our commitment to transparency and accuracy in our financial reporting is unwavering, and we are dedicated to ensuring that our 10-K is submitted within a timetable that does not compromise our reporting status.

We understand the importance of timely and accurate financial reporting to our investors and are fully committed to completing this process as swiftly as possible. Our goal is not only to meet the regulatory deadlines but to provide you, our valued investors, with the clarity and insight needed to assess our financial health and strategic direction confidently. Additionally, we are working on an online webpage to provide more frequent company updates as well. More information on this page will come in the near future.

Thank you for your patience and understanding during this time. We are confident that the additional efforts we are making now will strengthen our financial reporting and provide a solid foundation for our future growth. Should you have any further questions or need more detailed information, please do not hesitate to reply.

The Business Warrior Team

[PennyStockTrader2]

I guess if we go by the estimated last quarter announced in the August press release, we're looking at 1.06 mill for the quarter and 4.3 mill for the year. so there is growth. My hope is that having IPSI come in with their lending contacts, they'll be able to ramp that up significantly in a shorter period of time than what Rhett talked about as 12 - 18 months in the September conference call.

[bob4uall]

Looks like endgame for BZWR.

I’ll say it again:

I don't think it matters anymore if BZWR goes gray, or what BZWR was doing back in August or November. It may all come down to whether this merger succeeds for us to have any stock to trade.

How much IPSI will we get? We may be shocked. There are a lot of mouths to feed. I am less bullish the more I think about this. Stockholder approval is probably a given if creditors accept shares for their debt.

If IPSI is the right company, I hope there are at least ten shares of IPSI exchangeable per hundred BZWR.

[Edward]

theyve partnered with the right company Hang tight !!!!

Sounds like something the CEO of BZWR Rhett would say. Cheer-leading.

Where is there news BZWR has currently partnered with a company.

Rhett has not addressed the proposed merger with IPSI which has no sales and an insolvent Balance Sheet (right company LOL).

Id be surprised if we didnt get 10-K this week

LOL. Like that is an accomplishment. The 10-K is already over 3 months past the reporting date.

[PennyStockTrader2]

youre going to be fine theyve partnered with the right company Hang tight !!!!

Id be surprised if we didnt get 10-K this week

[Hoosier]

yeah, weird, not sure what the pathology is here? .....narcissism/ignorance/inexperience/fear?
regardless....I continue to be disappointed ...as you know...in my investment choice.
arghh...thought I was gonna look smart on this one.