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In 2015 when they first launched the ecommerce site the had a projection of $5.5m and then nothing really came from it because they had no sales. I don't see it being unrealistic to reach $4m in sales
Amazon deal most likely will be sales from there ecommerce site as a third party dealer on Amazon.com through the FBA memebership for small businesses that will basically have bemax send all there products after sales directly from the manufacturing plant to the Amazon distribution center where they will handle all the shipping and packaging tobthe purchaser. All purchases will be through Amazon.com no doubt for a swift process with a trusted company.
North American diaper company has a 12 day lead time
Except for where they state that all orders are paid in full before the po is filled
FOREEEEEEEEEEEEEEE!
HEADS UP!!!!
I received the link but I wasn't sure if it was intended for me or gman24. What's the chances?!
Thanks for the info however I believe you were trying to send it to the other human? lol at first I thought I was being trolled by another member! Unreal to gman screen names just chilling on the board
Yes. I definitely agree with you. I just didn't know if you or anyone an any thoughts as to if there was a reason for it? It could just be nothing at all,but just a thought. They have ties to Amazon. Amazon headquarters is in Washington state as well. They also have ties to Canada. Particularly British Columbia which happens to be close by in regards to the USA vs. Canada. Just a thought that's all. As recently pointed out they are a follower of not too many companies or anyone in fact on twitter. There is a large pulp factory manufacturer donate located in British Columbia who could have ties to adebayo Lapido or adewale jonathon. I know I could be reaching but just trying to put out ideas
Does anyone have any insight into why bmxc's CPA is located in Spokane Washington? I mean there may be nothing at all. I just thought if I was to have my company based out of Georgia I might have my cpa somewhat close? Is it a case of just picking the cpa or is there another element to it? Any thoughts?
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Like babe Ruth digging in at the plate!
Around 1:30 we will begin to push towards .034+ and it will be slow and steady. Prob a pullback to the opening and then up a few ticks for vlose
She may have written the wrong thing m, yes. I wouldn't put it past her. She is a CEO of a company out her home. She's not Steve jobs running a trillion dollar company with staff who wrote up all the filings. So yea I expect mistakes. Do I want them no but they'll be there. Here is the structure from the most recent 10-Q
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.
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)
There are 451,640,836 shares o/s after conversion. 200,000,000 were already held by the CEO and 58,750,000 werefrom 2014 from a public offering he's on the right track but using false numbers to drive his agenda
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Looks like a low volume day today between 4-6m unless something picks up this should hover around the same all day till eod and should be close to the days high so far
Those numbers are incorrect you have the right idea but when you mess with the numbers to sound better it is not right. There are 184,748,966 shares converted at around .0017 on average. Also you can't take the last ten days and just put in whatever days suit you. You would need to use the correct days which would be about a month in advance from where you placed it. So there's:
CEO shares 50,000,000 @.0001 (not going anywhere)
Loan interest 404,000 @ .013 & .024
Loan converted 184,748,966 @avg. of .0017
Adebayo Lapido 7,500,000 @ .0001
Public offering 58,750,000 @.05
Retired shares 150,000,000 @ .0001 to 50,000,000 @ .01
If you are going to give info don't screw with the numbers. Give the appropriate ones or at least be close
Lol. Good luck today. Hopefully it stays strong
I think there are still people in the market of shorting this due to the 184,748,966 shares that were converted. Those shares are the only thing that is holding this stock back. Do I think it is wise. No. Having said that if the companies holding the converted shares are the group shorting they seem to be making a profit on both sides of the trade.
Oh nice! What time in the afternoon is it there now?could you forward us the days high and low so far for bmxc so I know when to buy or sell when the market opens here in a little bit. Thanks
I like those numbers. 1.618 the golden ratio ahhhhh beautiful
If the volume starts off heavy (about avg. about 2m per every 10 minutes) for the first 20-30 minutes expect the price to drop .06-.08 sense on sell off and then there will be a slow and steady rise back to about .034/5
If the volume is slower say after the first hour it's sitting at 1-2milluon we will be in the clear and headed towards .04 on onward
Bmxc will need to be ready for serious business! On April 4,2017 bemax will begin selling through Amazon.com. Their ecommerce site has been developed to prove easy to navigate and use. The Amazon.com deal is not a manufacturing of private label brand such as the past element brand or any manufacturing in general. It will be to sell their own (bmxc) mothers choice or mothers hug branded private label diaper and baby wipes through the ecommerce site they have developed in conjunction with the Amazon ecommerce affiliated program. Here are some links that you can search through to get an understanding of how it will work.
"Company will list two private label brands on e-commerce site this spring"
http://www.nonwovens-industry.com/issues/2017...ia-amazon/
https://www.amazon.com/gp/seller-account/mm-s...=200257920
https://services.amazon.com/services/ref=amb_...eIdent=wba
Ruff rufff ruff. Here shom here boy!!!
Yes. I did say that. I don't understand what you mean though sure .70 is not far off from $1 but it's also closer to .50 or .41,no? What i stated was I think that it would reach .70 on a spike basically like the high of the day and then drop back to the .5 .6 range I also do not think that this is capable of happening until after the second quarter 10-q unless something miraculous is to happen. So yea sure it's close to a dollar but it's still a ways off
Last May the company only had 1,175,000 shares outstanding not including the 4m owned by CEO. If you have time you might wanna read this. You might get a better understanding of where the shares are located and what it did to the share price. It will recover over the next few months but it will not reach those highs unless something miraculous happens
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Wishful thinking will bring it there faster
Yesterday. Did you just check your account and see your stop loss hit?
In the past between 3/31-4/19 something like that
I would expect news purchase orders
Followed by manufacturer
Followed by Amazon news
Then the10-Q
Tomorrow begins the month of march. Any day now there will be a pr regarding the purchase sales. I'm hoping for the beginning of march but we will see. If those numbers are available to the company they can see the stock is taking a hit over the past week. They will release them and we will be back to .05
That 800k is prob connected with part of the diluted shares that need to be flipped back into the market. Hopefully it was. It would be a profit for that person/group and a benefit to the rest of us
The 404,000 shares for loan interest were converted at .013 and .02?
The 7,500,000 were given at .0001
And the 184,748,966 are for 6 loans all are different but divided into the 295,376 in outstanding loans is 0.0016 we need those shares flipped into the market before we take off. That is what is holding us back. Not just the day traders and the mm's
Sorry I do not have a full memebership anymore. I hope that you see this as I do not want to include your name. Thanks
So lets just say that full year guidance does come in above $4 million. Where does that put your share price?
At the current market level on not much revenues and a lot of diluted shares we are trading at low threes high twos. After all or most of those diluted shares are flipped back to the market and given the 150n of retired shares by the CEO we will be in better shape. If all accounts hold true on the year end guidance of roughly $4m and the things the CEO has said pan out. Now be aware she has said they do not need further financing if this also holds up I would say we could potentially hit highson a great spike to .7272. Now I do not believe we will sit therefor long and the price will drop back into the .4-.55 range. Near term end of April I would not be surprised if this potentially hits in the high teens
I hate stop losses on otc as well. I sometimes think I'd rather lose the majority of my investment without having a set stop loss than to get hit with a glitch/manipulation like yesterday or whatever you wanna call it. I would be so mad if I had that .02 stop loss
Yes. Bmxc has definitely shown resiliency at every stop. Stick and move stick and move. Besides mm's and the shares that have been initially given in dilution there's not much of a short presence right now. The only real thing that will pull it any lower than the .0256 level would be a unsuspected financing offering instead of a new update on purchase orders and Amazon update or the 10-q. I do not expect it and they don't need it at this time as referred to by the CEO.
I would love to be full on bull but but I stay cautious at the time until I hear the manufacturing deal Amazon update. I will extend to my initial investment before that news drops but I believe there is still a small window to increase profit margin with the uncertainty of some investors
I would love to bash to get the price to what I want but I can't play like that. It's not in my best interest to put false info or screw with a healthy buildup
I've been looking into this for a while now as well. I noticed them on the twitter followers list as well as a couple of mommie magazine type publishers stuff like that all those things seem to fit into what the CEO has in the description of what she wants to do with the company
I bought in in the low twos. I had an opportunity to buy in in the ones but waited. I almost bought in again low fours but after looking at just the share structure and where the shares are divided up there is no question to me that says this doesn't hit around .0256 but then it will begin the bounce back on march news bringing it to prob mid sizes. Then I expect a lull in volume some selloff to fives and come April could spike to .24 range
Buying now is not a big deal at least you're in it. You are just paying a small premium. Maybe about 6500 sharedifference per $1k at thislevel
Yes. I understand that there was a correction in the last filing but the 507,000 of deferred revenue but what I'm asking is where it actually originated from? I can not seem to find it. It was on the 10-q filings going as far back as maybe the second one filed, something like that ?? I'd have to check. Buttttt that is my point if it was an error it was there for like two years until it was corrected. Sounds weird to me
Can anyone leave some information on where the $507,000 in deferred revenue was from? It seemed to me it just appeared on the balance sheet one day and I could not locate where it was from. Thanks
Thank you for your reply. I already had sent this out to let people know but it seems that they do not care to check they would much rather bicker back and forth over it than to just see the truth
Gman2488 Tuesday, 02/21/17 06:51:14 AM
Re: ddawgpound post# 18294
Post # of 20731
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
Toe mato tomato
Are you guys still talking about her home being on an empty lot? Astounding to me that that is what gets people going. It's the same thing on every board when talking about a company....." I just googled mapped the address it's just a lemonade stand!" Purchase some satellite imaging software that is currently updated or book a trip to Dallas Georgia and see the home for yourself. It is a nice home. In a nice neighborhood. There's even a pool at a general area for the neighborhood. Must be nice
Until a new filing or Amazon or product revenue is updated I believe the bottom of the market for bmxc is around .0256 anything below that is a selloff right now the market is simply balancing itself out and once it does the price will climb