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I spent my load yesterday.
Perfect close though.
I agree 10% below the hod is a good close.
Every time it hits on or above a penny they knock it back down.
This is why I think she took on more dept in the 10-Q
Please refer to page 17.
"Sales
The Company had $24,960 in sales for the three months ended February 28, 2017 compared to $246,119 for period ended February 29, 2016. This reduction is due to inability to secure viable and less dilutive financing to effectively finance purchase orders."
Like I said before a "Purchase Order" is just that a contact between Buyer and Seller.
She now has the funding to fulfill the purchase order with Bethel.
Before she ships she will be paid by Bethel.
We will know for sure in a month or so.
As always this is just my opinion.
This what I posted yesterday and why I think she took On the dept.
"A purchase order is a contract between the buyer and seller.
Not a check.
Bethel hasn't paid for the diapers yet. They will just before shipment by Bemax.
"This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax".
This is why she is taking on dept.
Once she gets paid. The loans will be paid.
Just my opinion"
I've never been a mod. Only an investor. Got in in early December.
Been following everyday since.
Got another 40k at ask.
Out of powder.
GO $BMXC
Well said.
Congratulations on your baby.
If it filled it would have created a gap. And probably ruined the chart
I had to think about it for a minute.
Yes iglow you are correct. Those are the terms for the US shipments.
Bethel is in Africa and she will use the Chinese manufacturing to fill the order.
I cannot say whether or not the terms of the contract are the same for both manufacturers.
Hope you have a great night.
Ok thanks for the clarification iglow
She needs an office for the negotiations with Walmart,CVS, Target, Walgreens, etc...
Just my opinion
Exactly
Let me spell it out once more.
She received a PO from Bethel for $1.1 mil.
They will pay her the $1.1 mil before
She ships the order.
"This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax"
A purchase order is a contract not a check.
This way she is protected in case they don't pay her.
She can take Legal action by talking to a professional called a lawyer.
A lawyer knows the law and gets paid lots of money.
I'm sure you're familiar with lawyers.
The $384k is to finance the purchase of the diapers for the Bethal order. The $710k is the profit after she gets paid. 710k+384k=1094k round up to 1.1mil
It's not on the financials because she hasn't gotten paid yet.
A purchase order is a contract between the buyer and seller.
Not a check.
Bethel hasn't paid for the diapers yet. They will just before shipment by Bemax.
"This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax".
This is why she is taking on dept.
Once she gets paid. The loans will be paid.
Just my opinion
Ok so it's obvious I need to learn how to read a damn financial.
Please don't take my advise, but we should be loading at these prices
Bottom line no dept and they doubled their inventory
Same here.
Ready for blastoff
$BMXC
Agreed
Thanks Iglow
Ok thanks for the clarication
Last Friday was a holiday so the financials needed to be submitted on Monday.
Monday she submitted the NT 10Q notification. Five days from Monday I would suspect the financials will be issued this Friday or next Monday. JMO
$BMXC
People will panic, freak out, scream scam.
Then they will catch their breath and calm down.
She will issue the financials, because she has been true to her word. And then they will wish they never sold.
If they didn't count any inventory as an asset, then it makes a big difference in the final numbers.
To all
In amazon. With the description of the "Mothers Touch Diapers" there are 2 or 3 pictures of the product.
One picture shows the back of the packaging. Under the barcode it is plainly displayed "Made for Bemax Inc USA"
Site looks awesome
Added
Give it up dude
Just got in
Looking forward to some news
I totally agree. I have seen this so many times before with other stocks.
Pretty crappy tactic.
I have been charting the lows of each day since Feb 1st. There have been 2 previous times that the low of the day was lower than the previous day. Today was the 3rd time this month.
After each dip we have had gains for the next 2 sessions.
Disclaimer: I am a beginner at this. This is just my observation.
BMXC Long
Nice!
Thank you!
Perfect, so true.
Thank you for posting that.
Me too
We know what we have.
Thank you for the info.
I understand that organic diapers are not a new idea.
It's the market. By 2022 it's projected the diaper market will be 64 billion.
If she captures a small percent of that market. It's a ton of revenue.
I told my daughter about bmxc diapers. Her response was "Moms will buy organic, its better for the baby".
Enough said.
I was going to sell some shares to get my initial investment back and then thought. WHY????
Holding Long and Strong
I haven't been able to take my eyes off of it. Amazing
WOW
Even though I have been trading on and off for a few years. I still
consider myself as a beginner. After watching, listening, reading, I realized I was doing it all wrong.
This is by far the best board I've been involved with.
Thank you so much to the Dr., Cheds, Maz, Ngng, and whale and others I may not know. Your knowledge is the best on iHub.