Big bucks no whammies!

And with it BIG revenues.

Saw that after I posted the request. TY MUCH!

Wheeeeeeee! Let the fun begin!

Not communicating and choosing an easier SEC reporting tier are 2 different things.

The company has not said that they will not be submitting PRs etc, they said that they will not supply the SEC with all the expensive forms and non-published materials that the SEC requires of that Tier.

I feel like I was given an opportunity to buy more shares at a price lower than my current average, which I did gladly.

That was a public commentary on your need to shove your opinion onto others.

If you do not like the stock, then sell and move on. Its that easy. This is not emotion, its purely logic. When you choose the emotional path, your trading suffers.

Straight up, the clinical is still in RECRUITING status. All the form 15 means is that the company does not need to report everything to the SEC. Big deal.

Poor advice. One could have bought .40 and sold .50 now for a 25% gainer. $1.00+ is next.

Excellent question. Here's what I do in the very order, as I investigate a company.

1. OTCMarkets.com and look at company info to see what the SS is, see if website is listed and current. In this case the SS is super low, and the website is current.

2. OTCMarkets Financials page. Look at current Q for the following:

a. Revenue. In this case BMRA shows $1.7 million Gross sales, with a cost of just over 960k, for a gross profit of $700k. Bottom line profit of roughly $260k. That shows its a productive, working business.

b. Assets. This can be tricky. In some cases the company can show "mystery" assets, such as name recognition. In the case of BMRA we have slightly less than $5 million in assets including cash on hand of $1.3 million and inventories of $1.8 million. TWO VERY NICE NUMBERS.

c. Share Structure Changes. This is THE most important part of reading financials to me. It indicates what the Outstanding share count was at the date of the financials and what it was the quarter before. In this case we have the exact same share structure 6,952,339 on both 8/31 and 5/31. ZERO additional shares produced. You can go back quarter by quarter to see what dilution has occurred, with BMRA there has been virtually none.

d. Toxic Financing. This is number 2 to me in importance. If you dig thru the financials you'll see Convertible Debentures or other forms of toxic financing in some companies. BMRA has none.

3. 8k filings if the company is SEC fully reporting, Press Releases if not. Has the company followed through with promises that they've made? Or does the company rely on notifying shareholders of what they've DONE not what they INTEND to do. In this case, the company does not make promises and "we're gonna's."


So in a nutshell we have a company that has gross sales of $1.7m for the last quarter, with $260k net profit. Over $5 million in assets, including over $1m in both cash and inventory. Zero toxic funding and no Share Structure changes.

In my very humble opinion you're correct not to trust ANYONE in penny stocks. It's much safer that way. Trust the numbers and your instinct. If it smells funny, you're probably going to get burned.

*HIGH FIVES DBOB*

Wonder if the guy actually completes ANYTHING.

Its not news you want here, its FOLLOW THROUGH. To date W2 has done NOTHING.

I still want to buy one of the HOME garbage to energy devices that they PR'd that they had complete and ready for market 2 or 3 years ago.

More dilution and another Reverse Split is my guess. Based on past performance that is.

Gonna buy me some good BBQ once this thing strikes oil!

Haha Hiya Roger, good to see you.

A Pig with a mustache is still a Pig. WTWO will be a dilution machine no matter how fancy they try to make it here.

Sigh... same ol' same ol' I see.

Name change was done 2 days BEFORE you posted this. You ok?

Hey TTT. Never really left, took a break from the Hub is all.

I wish ALL of my penny plays had income like this one!

Wait.. let me get this straight... the company just reported $1.6 MILLION in revenue in the last quarter and it's a scam?

How on earth do you get that? If there was no income, fine. But seriously?

Smells to me that someone has not collected enough cheap shares, as placing that big an Ask is not a good way to sell.

Doing fantastic! When we get LGBS back up where it belongs (A penny would be about right) things will be EVEN BETTER!!!

Hey Bigz Good to see you again! How's things in your hood?

Bidding for another 500,000 @ .0015. Hope someone is stupid enough to sell!

Hiya Doog.

Been away from ihub for a bit, but I'm STILL HERE LONG AND STRONG! Many many many millions of shares all above the current PPS!

Let me know what I can do to help get this noticed!

Hi. Sorry for the delay, have been away on holidays. I found this through my broker, and from many conversations with the CEO I've found that is his goal as well.

But he will not be satisfied with a 2 - 3 dollar a share buyout.

That was their Press Release that stated unaudited. So if the PR says Unaudited, you can guess that the results are unaudited. Unless they're not telling the truth in the PR.

Some say AUDITED but if you read their PR's they say different.

From the last one:

IMO they will never be transparent. It would ruin the scam.


The past CEO resigns, gives back some shares he was "paid" and gets the retail business.

Watch... the current CEO will resign, give back some shares he was "paid" and get the manufacturing business.

It's really a thing of beauty. Strip a company of its assets (which were paid for by dumping stock) by returning phantom shares that were given SOLELY for this purpose.

The level of scam here is incredible. Most companies just dump shares into the market and use the money. This one actually creates businesses on the backs of shareholders, then "sells" the business to ex-management for shares that they gave themselves!

Incredible!!

That's what to expect when a company has $10,000 or more than likely less now, in their bank account, an $80,000 net loss, and over $5 MILLION in total losses.

They say they've generated $2,000,000 in revenues but yet they are broke, say in their Q that they must get LOANS to stay afloat, and are passing out shares like breath mints.

I really wonder what those shares paid to a mystery "Consultant" were.

He paid for that part with 825,000 or so COMPANY SHARES that he probably gave himself.

What a scam.

Manipulation and Insider Information seems to be the norm here.

Such a shame. Wonder if they lie about having a product too.

They gave their Retail business away to the Ex-CEO, all he did was return some shares that he gave himself.

What a scam that is....

So now you ADMIT that the company is diluting! If that $700,000 in alleged revenue was at all profitable then there would be no need to dilute.

Stock manipulation AND insider trading. Great. This POS is doomed.

ZERO volume + Restricted Shares coming off restriction = PPS declining back where it belongs... well below a penny.

And you know they will. If the company doesn't generate some serious revenues sometime soon they'll have to dilute.

Cash and cash equivalents $ 10,521

Income (Loss) before income taxes ($80,235)

Through March 31, 2012, the Company has incurred cumulative losses of $5,423,653. The Company's successful transition to attaining profitable operations is dependent upon obtaining financing adequate to fulfill its development, marketing and sales activities and achieving a level of revenues adequate to support the Company's cost structure.

Management's plan of operations anticipates that the cash requirements of the Company for the next twelve months will be met by obtaining capital through the sale of common stock, debt financings and from current operations.


Ok so according to the company they have 10000 USD cash, LOST 80,000 in the last quarter and are planning to "obtaining capital through the sale of common stock, debt financings and from current operations."

Since we know CURRENT OPERATIONS as per their last Q is Negative then business profitability is out. So that means to support the company for the next 12 months they have to

DILUTE!!!

More and more Restricted shares become Unrestricted as time goes on. It's human nature to CASH IN and start dumping them.

With a whopping 19,384 shares traded a day over the last 90 days, the lack of liquidity will be a very very bad thing for stuckholders here.

$1550 average dollar volume a DAY....

Dunno bro... I'm into the 6 digits now for shares :) Either way we ALL Make money!

Looking forward to hearing something on contracts and revenues. Getting an itch that it's sooner rather than later.

WHEEE GREAT NEWS! FDA Trial to begin! LOVING the .46's that I grabbed and all the others I'm still holding!

ZERO VOLUME again today. My guess is the reason for absolutely no interest here is that they fail to disclose the most basic information despite being SEC fully reporting tier.

If the past comes true again, we'll see an NT-10Q instead of the report as they can't seem to add their expenses up within 45 days of the end of a quarter.

Maybe someone should teach them to balance their checkbook.

It's illegal to trade on any information that is not available to the masses. There are questions on the usability of social media such as twitter and facebook. That's why OTCMarkets and Disclosure statements are so important.

We can argue this point ad nauseum, HOWEVER.. there's still a question of legality for trading.