... it's a big blue watery road ...
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Almost back to the initial post split price. I believe we will be back at 5c later next week. Following that, what we will have left will be a tight share structure, solid price per share that may actually attract larger investors, and of course the actual production that, according to the last PR, is now ongoing. I believe R/S will have turned out to had been a blessing for BMIX in the long run.
BMIX
What I find interesting is that the previous pre-14c issued several months ago showed all classes of shares outstanding -- including Series B Stock, which was a huge issue at the time as this series B stock was scheduled to convert into commons on Dec. 31st, thus resulting in huge OS.
Page 6:
http://ih.advfn.com/p.php?pid=nmona&article=72659892
Today's form shows that there are no longer any preferred B shares outstanding -- only the common shares (all executives had their shares split just like us) and the one A share for Marc to always remain in control.
Page 5:
http://ih.advfn.com/p.php?pid=nmona&article=73772841
Somewhere along the way, all convertible preferred shares have been retired -- since the OS is only 26,130,923 right now, they have not been converted into commons. Hmmm. Whatever happened to them, this is a large chunk of debt off of the company's balance sheet.
Also, there are not any toxic lenders currently dumping -- I am trying to get some shares in mid 1's and there is hardly anyone selling. I have to constantly increase the bid.
These are all good signs.
I know many of you guys have sold out after the R/S, but I am hanging on to see how this plays out.
Cheers!
Brazil Minerals plans to up-list and/or possibly dual list with another jurisdiction, and for any of these a lower share count and higher share price are needed...
BMIX
It appears that the actual processing of the material will begin in a week.
BMIX
We'll see. I sense something is brewing behind this silence.
BMIX
It appears that the R/S has been postponed. I would not be surprised if it doesn't happen after all as the company finds a way to fix the share structure without it.
BMIX
I don't believe this will be the case.
BMIX
There isn't much sense in posting any good news prior to R/S - current anxiety and uncertainty will destroy any positive effect. I am happy the company is holding out until after the R/S that is due in 7 days.
BMIX
PLEASE REFRAIN FROM PERSONAL ATTACKS - TIRED OF DELETING POSTS! BMIX IS THE TOPIC OF THIS BOARD, NOT ANY PARTICULAR POSTERS.
Appears to be 1:500
I suppose FINRA cleared it but did move the date forward. January 20th it is.
BMIX
The R/S has been filed and while the approval is pending not yet announced, this is correct. The timing has nothing to do with Christmas, but rather the preferred shares that have to be dealt with before Dec. 31st.
As to the article, I have seen this website before - a total joke. You understand that nobody will be maintaining a website and spending time coming up with creative titles for their hit pieces without an ulterior motive of their own?
Their mission statement literally goes "enlighten the public to penny stock schemes which are designed to hurt the innocent, especially seniors and students..." Haha. That's some white knight bullshit if I ever heard one. Not only that, but the statement ends with "To those who write to us and tell us we "saved" them, You're Welcome!"
Thanks, I think I'll manage :)
BMIX
If the company does not get FINRA clearance, yes. But BMIX has always been very clean with SEC and FINRA, so I can't imagine why this could be the case. The date is also not set in stone despite the application, it will be all up to FINRA in the end.
Fair enough. Thanks for the offer, but I will be adding more the day before the R/S, will try to slap 2's before the close so we all start off at 10c per share.
Best of luck!
Please read below. Someone has gotten their folks wrong.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127412071
So Fogassa own one share of Series A Stock and this was the red flag pointing towards R/S??? This makes no sense. This share is to merely maintain control of the company at all times and prevent hostile take over, it does not even have monetary value.
His salary has been paid in COMMON shares of which he currently owns 1,414,109,863 as per filing below:
http://ih.advfn.com/p.php?pid=nmona&article=71774769
These shares will be affected just like everyone else's during the R/S.
So will be affected the 1,101,818,182 of the COMMON shares held by Peter Goldy as well:
http://ih.advfn.com/p.php?pid=nmona&article=72931541
Let's not even mention the 573,554,198 common shares of BMIX director Paul Durand and 573,547,573 of director Roger Noriega, as exhibited below:
http://ih.advfn.com/p.php?pid=nmona&article=72735024
BMIX
I appreciate your reasonable and calm criticism. We, indeed, just have to wait and see how this plays out. Should massive dilution resume after the R/S followed by continued drop in PPS, as you predict, I will be the first one to admit that I had placed too much faith in Fogassa. But at this point, there are indications that things may turn out quite alright for all the current holders.
BMIX
Unfortunately, what almost always happens with a RS is that current shareholders lose most of their investment very quickly.
I disagree, gitreal. Especially should BMIX close at 2 the day before the R/S, after the R/S we will not even dip down to what used to be $0.0001 level. But the stock will finally be trading again, be fluid, and be in the price range that some larger investors may actually take a look at. $0.0001 is a joke and contributes greatly to lack of attention towards the stock.
And there is no reason to buy into Jupiter, all of us own 60% of it already ;)
The fact that it was filed does not automatically mean it will be allowed to happen by FINRA. It is my understanding that since so many penny stocks are in bed with toxic lenders nowadays, and doing the good ol' "rinse and repeat" share selling schemes involving R/S, there is now a stringent review in place before R/S is allowed to go through.
Maybe they are waiting until it is approved for announcement, or maybe they are saving all of the positive news for after, which would explain recent episodes of prolonged silence.
BMIX
It's a good idea, but all of us have be on it to make this happen. I don't know how many 1's there will be to grind through on the 28th before some slaps at 2 can be done before the close. But looking at L2 today, I don't anticipate this to be much.
Some $10 ask paint can close us at 2 on the 28th, it's that easy. Getting from 5c to 10c after R/S to give the same result, would be much much harder.
BMIX
Fogassa's ultimate goal for BMIX has always been Nasdaq or other respectable market. They are on the brink of becoming cashflow positive early next year, have long enough operating history, good book value, so if one looks ahead price per share would be one of the few remaining issues. If we start at $0.05 after R/S - I suppose he expects having no difficulty taking it over $1 eventually for uplisting. If the R/S was smaller though, it could have been more difficult to cross the $1 mark.
BMIX
It appears that R/S is scheduled for the 29th from Nevada SOS website. I will also be adding more shares. We need to be buying all the $0.0001 on the 28th and make sure we close BMIX at $0.0002 with a slap or two before close. This way we will start trading at 10c per share and a market cap twice as large.
Farewell.
Someone just posted the link to Nevada SOS. See there.
I think R/S will be for 1:500 if 15B is to become 30M? So $0.05 will the be the new $0.0001.
I will be depositing some funds to my account to try to smack the ask at 2 during the close before the day of the R/S so we start off at $0.0002 baseline - that way even a 50% drop would still only leave us at $0.0001 ;) I encourage everyone to try to do the same. This can help us start things anew with a stronger market cap.
BMIX
I think the inevitability of this was apparent for some time now.
In all honesty, at this point, I would rather see reverse split happen. BMIX is fading away from everyone's radar. It has been stuck in that toxic 1-2 channel for far too long. Even the strongest PRs are fizzling out because psychologically it is very difficult for investors to pay 100% premium to the current bid, thus nobody is smacking the ask at 2 even with great news we had in the past. No ask smacking = no activity = no momentum build up = no investor interest. That 1-2 spread is horrible for any stock -- flipper paradise and nothing else.
The company anticipates being profitable as early as first months of 2017, VNDM is off of L2 entirely and VFIN has been sitting at 2.00 for over a month now - there is no current dilution, this is evident to anyone watching L2. There are still notes outstanding, but none are currently converting. Perhaps this is the time to make the R/S happen and start anew - profitable company with once again a tight share structure, no current dilution, and trading at $1.5M market cap (even less than that after the usual post R/S panic drop). This describes something that bigger investors may actually be interested in, unlike a $0.0001, fifteen billion shares, no-volume penny stock.
There will be an initial panic drop, for sure. I don't anticipate more than 20-30% before it recovers. Just the pain long-term investors will have to go through. I will certainly feel the pain myself with 350M shares, but that drop will be the lesser of two evils - the current stagnation is much worse. The stock can start moving forward after the initial panic subsides.
BMIX
There hasn't been one diluting MM on the ask for over a month. No current dilution. What you are seeing on L2 is the result of the lack of frequent updates, flippers getting out, some long term holders getting tired of waiting, etc. The usual triple zero penny stock routine. Watching L2 on the day-today basis is meaningless here, that's what I learned in past 1.5 years. BMIX is not your quick gain in-and-out penny.
If one thinks Fogassa can pull this off and make his dream of BMIX eventually trading on Nasdaq come true, then buy in and expect a magnificent return 1-2 years from now. If ohe hopes to flip for a tick or two, might as well get out now while there is still a bid - the volume stagnation is likely to continue for at least several more months based on previous updates.
BMIX
The GRUs that will be paid for by Jupiter and placed in BMIX property will have their yields split 50/50 between two companies, but then since BMIX owns 60% of Jupiter, it is my understanding that they will also get 60% of the other 50.
That would be nice should BMIX require a higher book value in the future, for say uplisting to a better market.
Yes, Jupiter and BMIX are intimately interconnected. The GRUs that Jupiter will be buying and installing on BMIX properties, for instance, will not only yield 50% to BMIX, but BMIX also claims 60% of the other half that belongs to Jupiter.
So the more money Jupiter will make, the more money comes into BMIX's own coffers as well.
Everyone should read the prospectus carefully.
BMIX
Welcome, feel free to apply as a mod for this new board if you wish.
Sure thing.
Same to you, bud.
I agree. Jupiter will be BMIX's best asset going forward - publicly traded company with no debt and respectable market cap. Majority ownership belongs to BMIX.
I would think day to weeks tops.
Thanks, doug. But I do hope that BMIX as a company grows beyond iHub scale eventually ;) Fogassa has very ambitious goals in mind.
Read DD below to catch up:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125755230
According to the F-1 form, Jupiter Gold is on target for listing with 5M shares at $1 each. This would provide the company with $5M market cap. From the filing it looks like Jupiter Gold will have zero debt. BMIX owns 60% of Jupiter Gold, so they will own 60% of the publicly traded company valued at $5M, which will add $3M of assets to BMIX balance sheet, and thus $3M to its valuation. Right now, BMIX is trading at $1.5M market cap. This means that following the finalization of Jupiter's listing, BMIX valuation will essentially be upside down. I anticipate this to correct.
BMIX