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Question on the share structure, I posted this a while back (Also I know the 150m shares were retired it's not factored in I don't feel like changing the numbers but has no relevance to the end result just subtract from the o/s and a/s) There seems to be 195,370 shares not allocated in the outstanding and I was wondering if anyone has info on where they may be issued to? Items in bold are from the most recent 10-q filed on. I asked the TA about this but I did not get a response. Anybody have an opinion?
200,000,000 (CEO)
58,750,000 (2014 offering)
42,500 (legal services)
7,500,000 (adebayo Lapido)
404,000 (converted loan interest shares)
184,748,966 (converted 6 loans shares)
451,445,466 (total)
451,640,836 (shares outstanding)
195,370?? (Difference)
Does anyone know where the remaining 195,370 issued shares were issued?
BEMAX INC.
Notes to the Financial Statements
November 30, 2016
(Unaudited)
5. STOCKHOLDER'S EQUITY
Between October 14 and 24, 2014, the Company authorized and issued 58,750,000 shares of common stock at $0.05 per share to various investors for net proceeds to the Company of $58,750
On June 5, 2015, the Company decided to increase the authorized amount of common shares that can be issued from 70,000,000 to 500,000,000 with the same par value of $0.0001 per share. The Company also declared a Fifty (50) to One (1) forward stock split effective immediately.
During fiscal year 2016, the Company issued 42,500 Common Shares at $0.0001 par value to an attorney for legal services rendered.
At November 30, 2016, there are 500,000,000 shares of common stock at a par value of $0.0001 per share authorized and 259,196,500 issued and outstanding.
The 50-1 stock split has been shown retroactively.
404,000 shares were not reported in this section but is equaled to:
7. CONVERTIBLE LOANS
On November 1, 2016, Crown Bridge Partners, LLC. converted $4,004 of the principal loan into 154,000 shares of common stock at $0.026 per share. The balance of the loan at November 30, 2016 is $25,996.
On November 22, 2016, Auctus Fund, LLC. converted $3,265.50 of the accrued unpaid interest into 250,000 shares of common stock at $0.01305 per share. The balance of the loan at November 30, 2016 is $77,750 and accrued interest is $77.34.
As of November 30, 2016, the outstanding balance of Convertible Loans is $295,746.
And then here you have the remaining shares issued to adebayo Lapido and the rest of the shares converted.
9. SUBSEQUENT EVENTS
The Company has evaluated all events and transactions that occurred after November 30, 2016 up through the date these financial statements were available for issuance. It has been determined that the following events are material:
On December 5, 2016, the Company entered into an initial one year consulting agreement with Adebayo Ladipo. He has been compensated by receiving 7,500,000 shares of common stock at a par value of $0.0001 per share. At no time is he considered an employee of the Company. He is an Independent Contractor and able to pursue other interests.
As of January 11, 2017, the six loans outstanding including accrued interest, have all been converted to common shares. There are currently no loans outstanding. The total number of shares issued regarding these conversions totals 184,748,966.
As of January 11, 2017, there are 500,000,000 shares authorized. 451,640,836 have been issued and are outstanding and 43,646,325 have been reserved for a new loan that is currently being negotiated. Available shares for future issue totals 4,712,839.
She probably couldn't afford 500k shares never mind 5 million! She got her original 200,000,000 for a measly $4k. 75% of investors here prob have more invested than her! I understand how shit works and I'm not worried but She needs to do something for the shareholders! Having said that she already stated she is not into trying to inflate the share price with news and that the company will grow on its own. That is a fairly strong statement on her behalf and I respect that
Extend sales to other online platforms
Shipment to customers starts this week
DALLAS, Ga., April 12, 2017 (GLOBE NEWSWIRE) -- Bemax Inc. (OTCQB:BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce that in addition to online sales through Amazon, it has begun sales of its private label disposable diaper on its website, www.bemaxinc.com/webstore.
Bemax will extend sales of its private label to other online selling platforms, including Shopify and Amazon UK, to support and extend online sales to other markets outside the U.S. Bemax will continue to source for viable financing to fund inventory, distribution, and marketing as we extend our online sales and manufacturing network to provide opportunities for competitive pricing to our customers.
We shall start shipment of our private label disposable diaper to customers this week.
"We have received encouraging orders from customers; we expect strong online customer demand to continue in the coming months as we continue to exceed our estimates at launch. We expect to meet our projected sales targets as we continue to implement our strategic plans to enhance shareholders' value and confidence," said Taiwo Aimasiko, CEO of Bemax Inc.
About Bemax Inc.
Bemax Inc. exports and distributes Disposable Baby Diapers from the U.S. to emerging markets in Africa and Europe. We also export our private label brands from manufacturers in Asia and distribute to other growing markets. Bemax focuses on an extensive and far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as entry into the ecommerce arena to reach households directly through subscription orders. We focus on supplying our clients with Disposable Baby Diapers from manufacturers in North America where quality is superior. Please visit the company website at www.bemaxinc.com.
Read more: http://www.nasdaq.com/press-release/bemax-inc-extend-online-sales-20170412-00580#ixzz4e2wPe8F4
http://www.wcvb.com/article/doctors-amazed-hopeful-with-new-implantable-opioid-treatment/9242347
Just my opinion but like I said last time the implant was on the news in Boston there was a big push for it. This time the doctors have been trained and are able to do the procedure. Also president trump has selected the governor of Boston Charlie baker to head up a bill or plan on opioid addiction hopefully with the news of the implant helping not only with the addiction but with dr visits resulting in higher insurance costs this will become a top priority in his bill/plan
Not sure if anyone is from the Boston area on here, tonight on channel 5 news Boston at 11pm there is a piece on the implant and the doctors that trained for it. FYI last time there was a push on the news in Boston prior to the news being reported on the implant itself working after about a week or so of on going coverage the price popped to around a high of $8.74 I believe it was around April or May of last year. Hopefully we get the same push. Depending on the piece I may be adding again tomorrow. If you're not in the area and want to check it out they may have it available on the channel 5 Boston website. If so I will post the link later tonight or first thing in the am
Everyone knew about the errors on the previous filings. Going all the way back to her original filing for the company she got the letter from the sec asking for her to basically change 60% of her statements because they did not sit well with the sec. next there was a $507k or something in revenue that was reported as deferred revenue and then after like two years it was written in the 10-q as an error and adjusted. I've asked many of this mysterious $507k but nobody could answer me. I believe that once all the filings are sorted out a new 10-q will be reported with the new auditor lady Jill. I think the other dude George who was supposedly retiring screwed up and actually stepped aside. The CEO def screwed up as well and she needs to hire an accountant and someone to take care of the marketing regardless of her history in business. It's plain to see her English is not up to par for writing to the public. Having said all that the new 10-q is going to be good they will be including all of the diaper orders that ARE PAID IN FULL and they will be included as assets which will make this quarterly much much better. This will be the news that we have been waiting for. This will drive the share price higher. We got the deals we got the Amazon the scared have left and they will return and buy in bulks as the price sky rockets. Do believe me just watch!
Saw that! Big news for us. I knew it was a only a matter of time. More news to come!
Ps charge your phone...lol
Artex is correct. One of 30 products for sale in baby diapers.
I can not speak specifically for the nadc but I know first hand that when companies first start out they sometimes put together a website to gather some information of the company. The make the website with good intentions on having a working website that users can interact with. Over time it can become a oversight for some. The business may be doing well enough that they are not that interested in expanding or looking for work per say, other than what they have already taken on. It is a privately owned company that only needs to satisfy itself. Not shareholders. It would be nice to see updates on the web site but again I would only like to see the update because I'm interested in someone else's company. That does not always fit the primary companies needs. This no updates.
On a side note Dwight Gregory is the owner of nadc he has a twin brother that is a retired veteran and currently a New York legislator who was recently running for congress. It makes me feel somewhat comfortable to think that someone like that would not let a family member tarnish their reputation.
North American diaper company has a lead time of 12 days for manufacturing. Diaper manufacturing for bmxc should start according to the CEO on march 22 which is two days from now. Once commenced I believe we here about it. We also here about pre orders starting once the manufacturing gets underway. This train is starting to punch tickets and is about to leave the station for good!
Gman2488 Tuesday, 02/21/17 06:51:14 AM
Re: ddawgpound post# 18294
Post # of 24181
Here is a link to the paulding county tax office where you can see for yourself the home is really there
http://qpublic7.qpublic.net/ga_alsearch.php
http://qpublic3.qpublic.net/ga_login.php?subscribe=1
This belief that the google search for a home shows an empty lot has been reputed over the last month or so. It was a topic of conversation for quite some time. There is definitely a house so not to worry of that. Is it a basement, garage, maybe even a bedroom or living room business as of now. Unfortunately yes, however as I understand it this company is a distributor of the private brand diaper and wipe "mothers touch". The company has been moving in the right direction over the past few years. They had to leap a few hurdles that caused some toxic financial decisions but undoubtedly reversed course and cleared though decisions with continuing doing business the right way, making new connections, keeping shareholders and future investors up to date on all topics of conversation. If you have further questions regarding bmxc I suggest contacting the CEO directly through the website or admin@bemaxinc.com they have a pretty good system for getting back to people. It maybea little longer now that over the past few weeks the company has been moved further into the spotlight and they have been bombarded with questions from every angle. I believe most of the questions about defaming the CEO's character and for that the answers have started to come back basic and short to a few investors. If you have genuine questions on the company I'm sure they will be answered. If not the company will speak for itself in the coming months. Going back to the CEO irking out of her home. It does not concern me as for her business being for lack of better term "a middle man". As long as she is making the right connections and she has the ability to access a phone line, email, and the Internet is readily accessible she has just about all the tools she needs to get the ball rolling. She has North American diaper company who is about to ramp up production on a past order and has agreed into collaboration with further products. Also at least two more production facilities that will be added to the mix shortly. They have an ecommerce site and will be launching on Amazon in a few weeks. All of which has been obtained while officing from home. With the right connections in business the great Michael Jordan recently said "the ceiling is the roof" lol. She has already been included in nonwovens magazine, by pricie hanna; a leader in the nonwovens industry for marketing and informational purposes. In this article the are paired in with large players such as huggies, Luvs, and pampers. International companies such as ontex from Belgium and mabesa from Mexico. They were even compared to the recent startup of private label brand diapers The Honest Co. Although this company got founded by a celebrity who had possibly but not entirely better connections than the CEO of bmxc you can see the power of these connections by looking into their financials. The honest company in just a short period of time grew to a $2b+ company. Is the same in the works for bemax inc? It's not impossible but I believe even a fraction of being a $2b+ company would mean she was running a successful business. The diaper industry is huge $60b+ per year. If you could develope a good connection to the market and you could get your hands on the smallest little piece of the market, say half of one percent. It is worth over $300m. That would make this company 75x larger than what it is today. I don't think it sounds too far fetched to grab a portion of the market of that size but if you do try a smaller piece how about one hundredth of the industry $60m+ or one thousandth of the industry $6m+ it does not seem as far fetched now and with pulling in $6m it already puts them past the valuation they have for just this year alone. The more they sell the broader range they will have the more people will hear if "mothers touch" and before you know it it could become a household name. Personally I would look past the fact of a CEO working out of her garage to start a company. As I've said before she is very transparent with her statements and in her filings it states that once proper financing has been established she would no longer need to work out of her home. And with that I hope it takes a little sourness out of your mouth. Good luck
Whether or not bethel imports marketing ltd. is legit is up to what you want to believe at this point. For me audited financials throughout the course of business operations suggest it indeed exists as the money is accounted for. Also In Nairobi there happens to be lots of businesses named bethel this or bethel that here are a few....
Bethel networking
Bethel consult
Bethel business center
Bethel pet veterinarian
Bethel worshipping center
(many churches named bethel)
Bethel academy pri sch school
(many schools named bethel)
Hotel bethel xperience
Bethel motors east Africa Ltd
Bethel children's center
Bethel sewing center
Bethel cosmetics
Bethel coach tours
Bethel security company
Bethel medical clinic
Makes it seem not so far fetched when you look at it that way.
Taiwo drops some twitter action right now this puppy explodes
Not sure if any one has posted this on here yet but on the shom website there is a link that you can sign up or login now
Twitter?
Lol....are we still talking about this? It's been like two months!!
Thanks for all the replies. I'm glad I can help here maintain some of the confidence in bmxc. Sure the price is falling over 40% in the last weeks but remember we were up over 260% at the start of the down swing. Sure maybe my DD takes it to the next level. Sure some may think it's creepy. Everything I learn is made public it's just the amount of time and effort you want to spend on it. Some do some don't. I don't mind sharing my findings. I also do not disclose findings that are not pertinent to the company to defame or embarrass people. I understand everyone has an agenda and at the end of the day I have one to. Make money. I do not use my DD to influence others to buy or sell one way or another. It's there for the taking to help those who need it. Everyone sees things differently and I use this board to gain knowledge or points of views where available. I don't tend to invest a lot into penny stocks as they can be very volatile but now and then when I come across one that fits the bill I do my DD to the T. When I'm happy with my findings I invest. I know the risks as do most of you and the money I invest I make peace with and say my prayers lol. I find it best to do the DD do not buy the hype but buy the company that you believe in. Watch the day to day action very carefully and even without charting you can gain an advantage as to what is going on. Follow the company and read over the filings. Not just skip through them. You'll feel better with your company nvrstment when others come around and try to tell you otherwise. You'll know what you hold and you will be able to sleep better at night.
This one article maybe you've read it maybe you haven't is from an editor of nonwovens industry. It's posted on the Pricie Hanna consultants page. Price Hanna is developing the next generation of expertise-based global consulting services for the nonwovens and hygiene industries. David Price and Pricie Hanna have successfully assisted clients in every region of the world and at every level in the nonwovens and hygiene industries in consulting engagements using extensive market and technology data bases.
This article is from January of 2016 and it links Bemax Inc in with pampers, luvs, huggies, Kimberley-Clark, onex(Belgium), mabesa(Mexico), and drylock. These are big, some huge players in the nonwovens/baby diaper industry. Thedo not need to risk their reputation by linking Bemax Inc in with these companies. The go on to compare Bemax with the honest company and the struggles they will need to overcome to get further in the game. I found this article to be very informative when I started my DD and since have been following the company.
http://pricehanna.com/the-best-for-baby/
Do your DD know what you own and when others get scared and start to lose their shit
STAY STRONG STAY LONG KEEP YOUR DIAPERS ON
LOL
I feel as low a lot of the converted shares being held are being used to walk down the price and I think it's being used as a tactic almost to hedge there earnings. It's possible the bigger institutions are shorting free they already got the converted shares so cheap. They're making money up and back down. At the same time I believe the day trading has kind of slowed up. Sure there's some but nothing like a few weeks ago. Having said that the long shareholders are accumulated as are bigger firms and it's locking up the float big time. Once the news of presales drops and if numbers are included followed by the Amazon and ecommerce site platforms start up everyone on the watch will start buying. At that point the longs will have the float licked down and it's gonna shoot back up. Prob high .04's and it's gonna start a buying frenzy. Nobody on the watch wants to get in now for fear of what some are spreading. I've read through every filing and gone over every number. I've gone deep in my DD. I can tell you everything about the CEO, her family, who's she's friends with, where she's from, where she lives, where she used to live, people in her inner circle, her husband, her kids, what they like to wear, what they watch on YouTube, how old and there birthdays, there dating likes and dislikes, schools they attend, where they work, where they used to work, where they go to church, the pastor, and on and on and on. I am very confident in my DD and I am long and I am strong!! Lol
There's about 293,000,000 shares that were given out for the converted loans starting around Jan. 11 it has been disputed that because of the OBV this theory is not happening. I've gone over this many times of how the market cap was heavily inflated because of the initial dilution. Sure the loans are paid/converted and everything is looking on the up and up. But all those shares are most likely being dumped into the market. It's fine and it's healthy for the company it just lowers the price. Some get scared and those not buy more. It's on the qb now so other institutions can get in. It's all perfect timing for the price to be walked down and the bigger players eat it up. Soon those shares will be flipped back to the market and everything will reset itself. The news will drop and the price will soar. Remember the company started with a measly $4000 which was equated to the initial 200 million shares the CEO held. Do you see where this screws with the market cap? $4000 and $300k or so in funding basically no revs until recently and market cap at one point was around 393,00,000 and brought back to the $12-15 million area and then back to about $5-7 million where quite honestly it deserves to be. This affects the charting I don't care what anyone says. Starting next week that market cap will rise again with more volume and higher pps healthy the way it should be. From that point on we will have a better understanding of the charts and the direction of the company.
Where did the 300m+ shares go to. Did they now give them to George Chang? If so he got screwed huh? Only 300m not 805m damn. And for 15x the price. Lol
How does the OBV look?
I'm trying to put this out for people to read and give me a valid response but people over look this as if I'm making it up ??
Please don't take this the wrong way. I'm invested in this company. I like the filings. I like the CEO. But this is my main problem...
If you look closely at the company profile on the otcmarkets.com site you will see that the transfer agent has only verified the outstanding shares authorized shares and the float. It is marked with a blue shield symbolizing what it is verified.
Going back a few years at the time there were 4,000,000 shares held by the CEO at $4,000
And then a public offering at .05 of 1,175,000 for $58,750 there was then a forward split of 50-1 and the shares were 200,000,000 for the CEO and 58,750,000 to the public. The share price climbed to $1.52 at hits all time high giving a market cap of $393,000,000 the company had not even began functioning yet. the market cap should have been somewhere around $65,000.
She couldn't sell her shares because it was a non sense market cap.
I know it may sound stupid but until all or at least all the shares being held on the float have been flipped back to the market prices from their diluted levels the price will remain low on very low volume.
I believe once the Amazon pre sales and the actual Amazon platform start up followed by the 10-q the price should rise and a lot of the shares that are here will be flipped back for a profit and it will start to form new levels.
I understand what people following the charts see but it is being blurred by the diluted shares. All it takes is someone holding 7,500,000 shares at .0001 to sell at .017 or something tomorrow and it changes everything.
The transfer agent is verifying the shares but as it seems on the otcmarket site not all the share structure is being verified. They verify the o/s a/s and float which hasn't updated in three weeks.
Also:
500,000,000 (shares authorized)
301,640,836 (shares outstanding)
200,000,000 (CEO originally held common)
-150,000,000 (retired shares)
50,000,000 (CEO held common)
58,750,000 (2014 offering)
42,500 (legal services)
7,500,000 (adebayo Lapido)
404,000 (converted loan interest shares)
184,748,966 (converted 6 loans shares)
301,445,466 (total)
301,640,837 (shares outstanding)
301,445,466 (shares held according to 10-Q)
195,370 (Difference)
Do you or can anyone find where the remaining 195,370 issued shares were issued? It's not that big of a deal but I believe it should be located somewhere in the filings whether it be for legal documents or consultation etc.
I've contacted the transfer agency many times with no response
With over 19k page reads yesterday. I haven't checked today. Nobody wants to buy this stock right now with the manipulation/short covering that is taking place. Having said that you better believe the first whiff of news coming out is gonna make this pop. Everyone watching is gonna buy bc they know the catalysts and the toxic free books. They are maximizing their profits right now waiting but at the same time they are playing a close game of price spike chicken.
22,250 so far today. You think people aren't gearing up to pounce on this baby?
Unfortunately a lot of times with companies like this they are not worried about the stock price because they know the next step and what is in the works first hand. For us shareholders especially those of us checking constantly to see updates and following the share price like hawks. It is disappointing to know they might be sitting on news that will drive the price up or down. They just sometimes don't care. They don't worry too much about it bc they don't have that much to lose and they don't want to be hindered by constantly having to make sure everyone's happy. I wish they would though lol
I thought at the time .041 a few weeks ago was a decent entry point for new comers who just were catching on and trying to get in. Unfortunately word spreads and this is what happens in the penny game. Constant manipulation until the news is too strong to manipulate and it spikes. And then the calm and manipulation will begin again and so on and so on. I bought again at .025 last week and I missed the dip this morning that I was waiting for. Oh well without news I'm sure it will be back and I will be loading!
Very little is more than not doing anything,no?
A very little here, a very little there is some.
Some is more than one!
I know that. Jk
Halted?
LOL
SHOMMMMMMMM!!!!
That's true. I could not tell you who the CEO is of the companies I purchase from either. But my point is when it comes to baby stuff there is a market for these celebrities to cast there advertisement mostly to the female population that follows theses type of things. It's a whole different animal when you talk baby stuff. There's so much social media related stuff now with mommy groups and Facebook twitter instagram etc. and all the women some men too, take the advise from others on these groups. Bemax needs to get the advertising in the right spots. They need their brand name out in the public eye if they will ever expect to become a company like the honest company. There are over 3000 different types of diapers and most can name maybe 5 brands of them. If bemax diapers truly are top notch and they can design packaging to catch the eye of the customer they will be able to further the diaper into the market. There are so many companies and they might have a good product but the advertising is shit and the product just looks cheap. They need to have a good looking package to go along with the said good quality diaper
The bid looks good today! .0001watch your stop losses
There is a post on the Facebook page from February 14th poster by uptick news saying they want bemax to be on their podcast. I would love to hear what the CEO has to say on this. Really set the record straight on the haters. I hope she takes them up on the offer.
https://m.facebook.com/upticknewswire/photos/o.1749657975319398/1310087499062185/?type=3&source=48
There should be a pr pertaining to the pre sales launch date followed I would think by actual pre sales numbers and then finalized by a pr about the launch of Amazon on april 4
I can agree with that argument to a certain extent. The problem is however being a rich celebrity Jessica alba had the upper hand when it came to financing the honest company. I understand she may not have been a business woman from that same standpoint but she most likely had people surrounding her in all different areas of the business that pointed her in the right direction. I also know that although you may not have known who she was before being on this board the same can not be said for many others and by that same token until maybe around November or December of last year about 50 people even knew bemax existed. I'm not trying to discredit the CEO and in fact I believe she is doing a great job. She seems to be keeping her head down not worrying about what others are saying about her company and she is striving for the next milestone. There is no reason to say that her company could ever be like the honest company but it would have to take some serious steps and I don't really see that happening. You honestly cannot compare the two companies at this point regardless of them both starting off as a single employee based company. Pun intended.
True.
I understand where you are going with this. Unfortunately Jessica alba had a huge following as well as the forefront to bring attention to her honest company product in the likes that not just anyone can do. The advertising routes the CEO of bemax will have to take will be far greater and much more expensive to get the where the honest company is. But like I said I understand where you are coming from but on this board you will not be able to have a normal discussion using that logic. As I'm sure you are aware of. Lol
Lucky bastard
1.) @viscus.com is a real email used in a template email used in another purchase agreement between two random companies. Then bemax CEO Taiwo aimasiko uses said template and does not erase the @viscus.com email in the agreement because bethel imports does not want to be used.
2.) bethel imports does not exist and the template is used and the agreement is falsified by the bemax CEO
3.)@viscus.com is an email used by a distributor
4.)another explanation call or email the company and ask
5.) only the CEO of bemax knows the answer to this question
I definitely agree. Whether or not it is a spike up to .10 or we sit there for a bit will be determined on the news that is brought from the CEO. The company has already done almost everything it can to this point besides release new purchase order and sales revs. I believe at this point everything is in good standing with the company and it is a matter of the things the CEO will say over the next few weeks. A flurry of nice steady Positive pr releases will grab the attention of all the investors with their eyes on bmxc. There are lots and lots of people just sitting ready to pounce on the next spike. We will be back upwards around .41+ most likely eod Monday and we should have a steady increase throughout the week. If it begins to trend higher without any news I believe we will be safe from a short attack and with news we spike to .06-.07 on anticipation/hype of Amazon news. When 10-q is reported maybe second week of April should bring us closer to .10. We will make the biggest jump leading into the second quarter if there is any good news because revenue from Amazon and any new purchase orders will be reported on that next 10-q. Upwards and onwards we go!