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REAL WORLD.
BZWR management is saving themselves if they want the deal.They have no other choice.
BZWR is headed for CH.11 and the are desperate. Clearly the CEO is totally incompetent.
Rhett has been saying and promoting how great their products are for years, including his original product which he doesn't mention anymore, and has shown nothing but mismanagement.
Almost always penny stock investors never sell or ever give up on a stock, even when the signs are clear.
Last sale of BZWR was .001 say's it all what the investment community thinks about BZWR..
BZWR's highest priority seems to be to convert its debt into shares of something that would be acceptable to their lenders. So, they found IPSI, and IPSI has a business plan that is supposedly ripe to start producing major revenue. I have no idea if any revenue is coming, but they have products that are supposed to do that.
If the BZWR lenders agree, it looks like the debt would be converted into BZWR common stock. All of that new stock and all existing stock owned by us small investors would then be traded in for 40% of the total float (I guess) of IPSI shares. I am not very hopeful that the value of IPSI stock that we receive would start out anywhere near the value of BZWR stock before they fell into the Expert Market. If the value is too low, I don't see how the BZWR lenders would bother to agree to the plan. But, they might, because the alternative may be to have no further chance to collect on the debt.
Meanwhile, as of the end of September, IPSI's 3rd quarter, IPSI had $410 year-to-date revenue. They had $19,395 in cash. They had $5,052,344 current debt in the form of accounts and notes payable. Total Assets were $795,708. That is composed of $7,643,215 in liabilities and negative equity of $6,847,507.
I don't know how their share price can be around $0.20. It likely depends on the successful launch of their new products.
Yes, your pretty much right on target.
I still dont get the utility in this merger for BZWR. IMO they (bzwr, rhett, jonathon, etc....) are giving up and
looking for a "scapegoat" for the continued collapse of their business venture.
IPSI not a forward move...its not even a lateral move...its a backwards move.
These press releases are so annoying because they use big words to excite...and confuse...us like "leveraging"
"operational scalability", etc.. sounds important. zzzzz....
and finally... "delivering unparalleled value to our customers and stakeholders worldwide" ...ehhh
seems a bit much wouldnt cha say? Have you seen your filings (liabilities) and current share price?
Good news that merger is coming, BUT here's a trader that can't buy:
Merger LOI just announced by BZWR 5:15pm yesterday.
Twitter.com
BZWR acknowledges IPSI Letter of Intent
Not surprised that the price sunk. Inconvenient to buy, but easy to sell, could wreck the price for awhile. Some say that they can't buy at all. If they think they can't, I guess they won't try. Plus, falling off Pink is bad news. I guess if you bought at $0.004 and sell at $0.002, it might be worth it to take the 50% loss. But, if you have been in longer, this is an awful time to sell in this market tilted against sellers where buyers aren't easily entering.
However, the IPSI deal is structured to exchange shares at a value of $0.0036 per share, if not modified and if the parties agree. So, I see the price returning if the merger succeeds, and probably going higher if the financial outlook thereby improves.
I think there will be red tape to get back into normal trading. Somehow, BZWR has been able to keep auditors and their SEC lawyer, so maybe required reports will be filed. I agree with those here that say a return may take months. I don't think it would be years in this case. Failed financing and bankruptcy would end it sooner, would be my guess.
IPSI might not be the only option. Maybe there is another interested party. That could explain BZWR's silence if they are not ready to announce how wonderful and desirable that merger would be.
The big downside, to me, is that BZWR needs to raise capital through investment and debt. On the debt side, I think the cost to borrow has been exceedingly high.
0.002 close is just the beginning…lol.
I will buy this soon at 0.001!
You can be here for the next 2 years Princess Diana.
It always starts with hope and delusion then you realize it doesn’t happen quickly.
if there was any silver lining that i saw from the filing was that at least they worked to get their overhead down.
as ive said before...im not in business so what do i know....but arent there other revenue streams they can find (other than payplan)...
I mean I think Rhett could start a YouTube channel or podcast. Everyone else has. I would subscibe. especially if
they started posting about taylor swift and travis kelce. could always learn more about their love.
More shares traded on the expert market today.
As of now.
BZWR $0.002 -0.002 11:35:55 AM 57,767 shares.
Yes.
I agree with you.
Unfortunately it is so late, the 2nd quarter is also due mid April 2024, which in all likelihood will be extended.
right I saw you or someone posted that, BUT, my Q is were they already working on it simultaneously with the 10-K "issues" or did they just basically start it, I hate to say I lean towards the latter meaning it will take longer, but they should have been working on it all along since it was already very late itself.
According to Rhett, they are working on it:
Rhett Doolittle 10:40 AM · Mar 19, 2024
@RhettDoo
We filed our 10K yesterday which can be found at the link below. We were working with the information that this would bring us current with the SEC and OTC. We are working on our Q now. Unfortunately, we were moved to Expert Markets this morning. Once our Q is filed we will be moved back to Pink Current. $BZWR
right no surprises I didnt think there would be, the only thing left is the last quarter being worked on, I dont have any reason to believe its much different, but more importantly if IPSI is involved I believe they will help bring in the capital needed to fuel growth in the lending business. We just need to wait now while due diligence is done which would also require the next 10-Q, I wonder how long that will take, assuming they were already working on it and that they didnt "forget" sorry for my sarcasm.
BZWR just traded @ .004 for 53800 shares @2:53:55.
So it is holding up well in the expert market.
BZWR $0.004 +0.0004 02:53:55 PM 53,800
As of 02:56:09 PM ET, 03/20/2024
SCHWAB will do it-- by phone.
I put in an order with SCHWAB yesterday where i a have my account..
You have to do by phone. I called and the trading dept put it with the regular commission.
You are talking to someone who doesn’t know what they are doing.
I am waiting for the magical response.
There are 2 brokers that might let you in the U.S but this Princess Diana has no clue so I am waiting for his response
what brokerage allows any purchases (not sells) of any expert market stock. Certainly not fidelity or schwab, manually or otherwise.
You can buy and sell Expert stocks in the US also.
To put an order in you have to call the broker to enter the order for you. I've done it and they will waive the add'l fee for an assisted trade since they won't let you do it online..
F/Y/I
Rhett Doolittle 10:40 AM · Mar 19, 2024
@RhettDoo
We filed our 10K yesterday which can be found at the link below. We were working with the information that this would bring us current with the SEC and OTC. We are working on our Q now. Unfortunately, we were moved to Expert Markets this morning. Once our Q is filed we will be moved back to Pink Current. $BZWR
Hahahaha…you cracked me up man!
I think I am holding a possible retirement expert market play…hoping it prints by June latest then I am done!
yeah then dont play it, you're cheating people like me that deserve to be able to pick up shares just as much as anyone else.
No different than what Trump did taking advantage of the system to get better insurance rates. Not direct fraud but played the system thats what you are doing, leave it alone, let the "experts" do the trading, youre not an expert.
Interesting analysis here. I fully expect them to move to Pink Limited very quickly, but the company acknowledging that the 10-Q being late also causes them to remain in Expert market beyond the 10-K. I warned the company of the risks, even not knowing the rules completely b/c OTC Markets is in the business of bending and adapting the rules without telling the public, they're so full of crap their eyes are brown. Heres is what their quote eligibility chart says for Pink Limited tier:
I agree. Not a level playing field. But i don’t make the rules
Its basically not fair that you as a Canadian citizen get to buy US stocks on the OTC from Canada while me, as an American, am not allowed. As if you have some level of knowledge that you are an expert and that I am not an expert. I call that bullshit on you, and an absolute travesty of justice. It's not fair to me if I see an incredible opportunity and cant take it and you get to have it
How is that fair, its an American company and I am an American and you are not. Bullshit.
LMAO:
He plays Expert Market yeah right- too funny:
Kjv
Member Level
Tuesday, March 12, 2024 8:23:21 AM
Post# of 7652
Nope. I am not. This isn’t on my watchlist anymore.
I only came to post the dilution because it’s 72 hours delayed and I have premium so people can see what he is doing.
"I don’t waste my time on junk."
That's where almost all of the junk stocks eventually end up so he can play them . LOL.
I agree that 1st Q was intended. Eighteen days (Feb. 29 to Mar. 18) to file 2nd Q is impossibly short.
I think they meant 1st QTR. 11/30/2023. The 2nd Qtr ending 2/29/2024 isn't due until mid April 2024.
Do you agree?
I sent a follow up email to IR what i stated above. So awaiting an answer for that.
Good news that BZWR can return to Pink quickly. They act like it will be simple: "Once the Q is done and registered then OTC will move us back to Pink Current."
Maybe somehow BZWR can do a short reapplication process or get their SEC attorney to find some kind of exception since there was a misunderstanding, they say.
You do great work, by the way.
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.
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