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No problem. I feel like you need to keep a level head with stocks like this. You can go back and forth over certain things that are posted but when you get stuck on the same thing for so long you miss the big picture. I feel a lot of people believe that it's just mm's who are holding the stock down. It may be the reason but if you look at the actual shares and where they're allocated at this time over the last few months you can see what is going on with the price. When the price was at 52week highs it wasn't being traded and it was being held by on 37 shareholders. Once the shares that were all converted are flipped back into the market or a large portion of them is when the stock price will begin to climb higher
Also what was the $507,000 of deferred rev from and what are the 195,370 shares of common that are not allocated for?
I believe it to be somewhat unreasonable This stock gets to a buck soon. anything is possible it would be awesome but going over the past filings and the stock share structure and market cap those share prices seem to be over inflated and that combined with the toxic debt issued in the past is what caused the price to drop way down to not where it belonged but where it was heading. When the company started it started with the CEO a lawyer incorporating and going through the process of becoming a publicly traded company and essentially putting up $4000 for 4million shares of bmxc. Going through the stages of setting up the company moving forward they had an offering of up to 1.5 million shares in 2014 in which she was to sell to friends family and investors alike. They sold 1,175,000 shares for a value of $58,750. The company now totaled 5,175,000 until a forward split of 50-1 was filed. The. CEO now was holding 200,000,000 shares she purchased for $4000 and the new investors 58,750,000 shares purchased for $58,750. Within the next 5-10 days shares are shown trading at all time highs in the company $1.52 and the company had a market cap of $393,000,000 or so. Remember at this point the company as done no business yet. And once new investors were trading it was very hard to get in and out of the stock. Essentially within a month the stock was back to $0.045. The new market cap is $11,643,750 at this price. Still at that market cap it is way over inflated because only 58,750,000 or less shares are being traded. The 200,000,000 shares the CEO has have never been traded. So the real market cap at those numbers is roughly around $2,643,750. It still that is being nice. Basically it's just numbers at this point in the companies cycle. Now. Once the ecommerce site was built and they showed some revenue the price did increase but keep in mind the ceo's 200,000,000 shares are keeping the market cap at such a high number. Now they then issued 42,500 for legal stuff no big deal, but then 7,500,000 to a guy and then another 404,000 shares to aucus and crown bridge for the interest on the notes given and then another 184,748,966 for the remaining 6 loans outstanding. If you add up the numbers of shares outstanding there's actually 195,370 unaccounted for. Well at least that I could not locate. The real market cap should be somewhere under $2,295,000 but is over $11m. The CEO retiring the 150m shares was the best thing she could have done besides pay off that debt. But I don't think this stock price can get to where it needs to be while those shares held by adebayo Lapido and most of the 185,000,000 shares are flipped back to the market. Once that happens. With all the great news that's out and the Amazon in April 4 dropping the stock can get back to climbing higher. But prob top out under $.70 for the high. I'm hoping for .10-.15 in the near futyre
Yea. I believe it to be somewhat unreasonable as well obviously anything is possible it it would be awesome but going over the past filings and the stock share structure and market cap those share prices seem to be over inflated and that combined with the toxic debt issued in the past is what caused the price to drop way down to not where it belonged but where it was heading. When the company started it started with the CEO a lawyer incorporating and going through the process of becoming a publicly traded company and essentially putting up $4000 for 4million shares of bmxc. Going through the stages of setting up the company moving forward they had an offering of up to 1.5 million shares in 2014 in which she was to sell to friends family and investors alike. They sold 1,175,000 shares for a value of $58,750. The company now totaled 5,175,000 until a forward split of 50-1 was filed. The. CEO now was holding 200,000,000 shares she purchased for $4000 and the new investors 58,750,000 shares purchased for $58,750. Within the next 5-10 days shares are shown trading at all time highs in the company $1.52 and the company had a market cap of $393,000,000 or so. Remember at this point the company as done no business yet. And once new investors were trading it was very hard to get in and out of the stock. Essentially within a month the stock was back to $0.045. The new market cap is $11,643,750 at this price. Still at that market cap it is way over inflated because only 58,750,000 or less shares are being traded. The 200,000,000 shares the CEO has have never been traded. So the real market cap at those numbers is roughly around $2,643,750. It still that is being nice. Basically it's just numbers at this point in the companies cycle. Now. Once the ecommerce site was built and they showed some revenue the price did increase but keep in mind the ceo's 200,000,000 shares are keeping the market cap at such a high number. Now they then issued 42,500 for legal stuff no big deal, but then another 404,000 shares to aucus and crown bridge for the interest on the notes given and then another 184,748,966 for the remaining 6 loans outstanding. If you add up the numbers of shares outstanding there's actually 195,370 unaccounted for. Well at least that I could not locate. The real market cap should be somewhere under $2,295,000 but is over $11m The best thing the CEO did was retire those shares after that debt was paid. But until the 7,500,000 shares and the 185,000,000 shares are flipped back to the market this price is going to be held down.
Also is there any significance of a CEO having 200,000,000 shares originally valued at a par value of .0001 but retiring them at a par value of .01?
What are the chances the 7,500,000 shares that adebayo Lapido was compensated and the 184,748,966 shares converted are still being held or have been flipped immediately? Just wondering because the float is noted as 250,498,336 but if those shares are still being held by the groups they've been assigned it really leaves an artificial float at the moment of just somewhere around 65,750,000. If you take out longs that are sincere in holding there is prob roughly around 25 million shares being traded which is causing the price to fluctuations once those last shares are locked in by longs the price will sky rocket
The key to that statement is that those are the companies rev estimates in which at the prior estimates they were already about 4-5x rev increases and now they will be 5-7x better than the year before and that will be huge
I believe that while doing DD on any penny stock in general is like doing detective work. The only difference while being a detective solving a crime you can not jump to conclusions. You need to keep an open mind and go over every detail you find without pushing one way or another. As investors such as on the bmxc DD hunt when going over "evidence" money is usually the deciding factor and depending on where you stand bear or bull you may be swung to that side. There are always red flags and there are always green flags. In bmxc case I believe the green had outweighed the red. Although my money is included in my deductions I'm trying to keep a biased objective while doing the DD and look forward to the upcoming filings and reports
Yes. Before the purchase order of the $1.1mm was issued they had the $25mm prospectus with kodiak which took the company down pretty hard. Kodiak also had the option of buying $2.5mm in common stock over the next twelve months. Until they issued the RW filing which was very beneficial to bmxc imo. But They also up until I think it was a filing on jan.10 had an agreement in the works to issue 43,000,000+ shares of the stock to another financer. Now I'm not sure if this was still included from the original kodiak deal that was cancelled or if it was something completely different but after they announced the $1.1mm purchase order it was announced that there would be no need for further fianancing. And then the retiring of the 150m shares was a very influential insight into how the CEO views her company.
Do you think any compensation was given to the adewale jonathon as an advisor and what are your thoughts on who he is regarding his position or what he does in the company. ? When you do a quick look into him you can see that even though he was just added on the company profile page as an advisor to the company it seems he's been around for much longer (I hate using these types of statistics, but seems useful this time) as the website domain names were registered to him dating back til 2014? I have not found any info or had any contact with this guy. I don't find it odd he hasn't responded but I would like a like to know a little more about if not for any reason more than because I find it fun when doing the DD to get to the bottom of every detail.
I have not been very vocal but I also have gone over everything that has happened in the recent year. I did notice that in the annual 10-Q report filed there are certain comments made showing that she in fact does know a problem exists with in the company that has not yet been addressed but once the company begins to turn a profit there will be either a secretary or publicist hired in order to maintain these things. I believe the company has incurred a loss of over $650k since 2012 which is hindering her process of hiring help as she doesn't want to add to the debt incurred but once the Amazon and us product orders are processed it will whittle down the debt very fast if it all works out and it will open up new opportunities for
This is from the most recent 10-Q. I know it pertains more to the accounting standpoint but I believe it goes a little beyond just the accounting aspects. I'm glad to see that even though it should/will be addressed it is indeed noticed.
ITEM 4. CONTROLS AND PROCEDURES
We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our sole officer, as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our sole officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2016.
Based on the evaluation of these disclosure controls and procedures, our Chief Executive and Chief Financial Officer concluded that as of the end of the periods covered by this report, we have identified the following material weakness of our internal controls: Lack of sufficient accounting staff which results in a lack of segregation of duties necessary for a good system of internal control.
There were no changes in our internal control or in other factors during the last fiscal quarter covered by this report that have materially affected, or are likely to materially affect the Company's internal control over financial reporting.
So I guess this is what I am getting at. I can understand what you mean with regardingbthe censorship of the page and that makes perfect sense. I guess I'm just at a crossroads at which way things are going. And I guess it's safe to say everyone runs their own business differently. I would also like to see her be more productive with social media to take stance against certain accusations as well as to clear the air and even just to promote her company. She constantly refers to advertisement as being a huge key to her business strategy but other than press releases that are paid for there is not much out there. Like I said everyone does business differently I would just like to see her do it a little better not necessarily actual business which I think well it seems as though she is doing well but with the advertisement and promoting portion of her company. I am glad to have people respond back to my posts today with positive or negative feedback that is actual useful
I believe what you say is true. I just don't understand why she (the CEO Taiwo aimasiko) would not have include bemax in any of her personal social media Facebook,LinkedIn,etc.?
Nice. Everything you said it great to know thank you for your feedback. Yes, it is true everyone has there own agenda and investing should not be based on what others have to say. Like I said I am already invested in bmxc from what I did my DD on and I look forward to the news that should make its rounds with in the next few weeks that will bring back investors who were scared away by certain things. Me personally I am on a hold pattern to see what next week brings. With the uplisting news and the in and out of new investors over last week it's just a matter of time where things start to look better. I expect Monday to be up and down 5-8% either way for the most part and then heading green back to the 5's and 6's on higher volume. Once this happens and we break .065 onwards to prob about .11 .12 before a pull pack and then the April filings and new Amazon product info should pop this. No one will be able to hold it back once the news drops
Believe it or not. What I glow has written in fact is true. Whether or not information is just not attainable for these groups that's one thing but I've scoured the net looking for info as well and as much as I hate to agreee it is true. Also as you say "it is funny how she omitted working at Solomon Edward...." well not for nothing but I find it even funnier that she omits being the CEO of her own f....king company. That to me is awkard. I would think she would be proud of her accomplishment and trying to get the word out about bemax anyways possible. I've been hesitant to put more money into the company since the big spike a few weeks ago from the .02's and as much DD as I've done I've read every article every filing everything I can on social media every thing on everyone surrounded by each person associated with Taiwo. And as of late I can not invest more money until I here in march about the new purchase orders in the USA. I feel like she is doing a great job of releasing filings and statements but she is leaving the slightest doubt here and there and that is what is troubling me. I'm already invested a small amount but I'm 50/50 right now I could go either way on how that investment will turn out!
How many of the 800,500,000 shares that miguel dotres is dumping do you still believe are available for dumping next week?
The same documents are on the otcmarket webpage under their filings or by googling Ethel imports agreements
That comment of the post you have written is from the purchase agreement to bethel imports. Not necessarily for share holders. It also goes on to say not in these words but I don't feel like going back and copy and pasting ....that if the CEO. Taiwo aimasiko leaves you'll lose your investment unless someone else takes iver
How much lower than .0485 do you expect this to fall today?
Ok. Thanks for the reply
Adewale Jonathan was recently reported as an advisor to BMXC in the latest company profile update on otcmarkets.com
I was wondering if anyone could fill me in on this guy and what he is doing advisor-wise and has he recently been compensated if any for his work? I understand they gave 7,500,000 shares of the company to a man named adebayo Lapido already. I also saw he tweeted @bigcheds back on Dec. 26,2016 and as a member of this board I would like to know if you have any info pertaining to this guy? He seems to have a few aliases on twitter which he uses to tweet at pennystock investor pages and he also seems to be related to the company longer than just recently. So I was just wondering about how the company is listed as a one person company but this guy seems pretty involved behind the scenes.
https://mobile.twitter.com/ajonathan6811
https://mobile.twitter.com/AJonathan6711
http://www.invstor.com/users/Adewale-Jonathan
Not big into doing the whole domain name game but I will today:
http://domainbigdata.com/nj/eNiev6lv_Ek0v2qOuEJ2HOAwSWlLdQ1ir1dc-YQX1Y8
He seems to have been setting up the bemax webpages as far back as 2014
Please don't take this as bashing. Just want to know about this man. I'm sure plenty of you do not care but it should matter to some thanks.
Yes
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
I believe the company has accumulated a deficit of over $670k since it started in 2012
I don't think this could possibly be a pump and dump because according toinvestopedia the term pump and dump refers to an illegal action. Someone could go to jail
So who's to say that they aren't locking the float up. It's his assessment of the stock and you are also entitled to your opinion as well but you should not brush it under the rug just because you don't like it
Haha sorry again as I did not read the board today and just replied via email. Did not see the next post with the same link
My bad. Yes the first two paragraphs in my post were from this write up on the street. I was not in any way trying to take this as my own just left my opinion at the end of it. I thought i copied and pasted the link at the beginning of the post. Here is the link if you'd like to read it. And yes quotations would have sufficed.
From a technical perspective, Cara Therapeutics exploded higher on Tuesday right off some near-term support at $13.32 a share and back above its 20-day moving average of $14.38 a share with heavy upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Cara Therapeutics within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $16 to $17 a share and then above its 52-week high of $17.20 a share with high volume.
Traders should now look for long-biased trades in Cara Therapeutics as long as it's trending above its 20-day moving average of $14.38 a share or above more near-term support at $14 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.58 million shares. If that breakout takes hold soon, then this stock will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $18 to $20, or even $22 a share.
I believe the close the last two days has been above $15 and the volume at 3&2 million respectedly see you at the new52 week highssoon enough. I'm actually striving for a near term of around $21.58 and then when news of results drop if positive fingers crossed I see this jumping to at least $26 before it pulls back to anywhere between $18.50-$22
IMO of vourse
Some people are up 100% and whole their whole position
Wow!!!! Shom is climbing today!!
APPLICATION GUIDE:
http://www.otcmarkets.com/content/doc/otcqb-application-guide.pdf
STANDARDS:
https://www.otcmarkets.com/content/doc/otcqb/standards.pdf
Companies not on OTCQB must meet an initial minimum bid price test of $0.01 as of the close of business for each of the last 30 calendar days
January 24, 2017 last bid price of over .01 on bid at close
• Companies may not be subject to bankruptcy or reorganization proceedings and must have an SEC registered Transfer Agent
No Bankruptcy filings
No reorganization proceedings to my knowledge
Securities Transfer Corporation is an approved Registrar and Transfer Agent for major Stock Exchanges, including NYSE and NASDAQ. We are registered with the Securities & Exchange Commission, operating under its authority and guideline. See our Services Page for our full line of quality services we offer to our clients.
As of nov.16 there were only about 40 invested in the common stock. I'd say it's doubled if not tipped since. Imagine the spike in this stock when people actually catch wind of it
So when Amazon came out with the private label diaper service "elements" it was set up for people who wanted a cleaner healthier product but it cost more.
People were not as into it as predicted:
"I'm not switching to Amazon Elements, and here's why: I refuse to pay this much for off-brand diapers."
They didn't want to pay for a no name brand that cost more. 3-6¢ more per diaper. It's doesn't sound like much but again people were not as into it;
"Why would I pay more for Amazon, when the name brand is cheaper?"
It just wasn't the right time/business model at the time. Thus after about a month elements was scrapped and put back to the drawing board. Amazon has recently sent out surveys to see how another brand of diaper would be greeted. MamaBear brand diapers. This is also branded by Amazon and according to an article, the URL at which the survey was hosted contained the words “Amazon Elements,” suggesting the market research was being conducted for a new Amazon private label product. Some concerns fielded were:
"I don’t understand why Amazon doesn’t get behind a great natural diaper brand and market a bundle of products moms already love."
Mothers hugs diapers are a clean healthy chlorine free product. They have already been in production. They can be manufactured at a third of the cost than a big name product. Annnd..."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 to supply our clients with disposable baby diapers from manufacturers in North America where quality is superior."
Without going on and on, stringing it all together; imo Amazon is in favor of inking a deal with bmxc for the manufacturing of their diapers. It meets all their criteria. This could be huge for bemax!
"Amazon Elements Baby Wipes are made in Mooresville, Indiana, by the wet-wipe experts at Nice-Pak Products, Inc.—a family-owned company since their founding in 1957,"
And the elements diapers, Bloomberg Businessweek's Brad Stone reported in December that the Amazon diapers were being manufactured by a Canadian business called Irving Personal Care.
Bemax selling their actual mothers hugs diapers on Amazon just doesn't seem like it's gonna be as explosive. Sure it will generate new revenue but nothing compared to if this deal that is already in place is actually for the manufacturing of the mama bear diaper for Amazon.
And who knows mama bear may not be the final product name it still could be the mothers hugs brand, but with the recent roll out of the mama bear baby food product from Amazon it suggests otherwise. So we have two options possible decent revenue increases or instant HUGE spike in revenue if the Amazon diapers are manufactured by bemax and it catches on like it is predicted!
Sorry this is kinda all over the place. Just really busy today but wanted to get this in. It's kind of pieced together but hopefully people can follow what I'm getting at!
Believe me I've done the DD. And yes you are correct George is not his name it's chishun
So here's a little piece for those scared to invest in shom. If this was strictly a pump and dump you would have to think. After the Coca Cola east transgression this pump was done right? 300+million on volume in one day after the news broke that there was allegedly no deal in any form whatsoever! The stock TANKED big time!! Like 90% down in less than a day and a half. If it was, so be it; the ultimate pump and dump! But those pumping needed to be out on that coke pr, no doubt. But then what happens next is continued press releases after press releases after press releases. The stock isn't going down much lower than it already has imo. If anything 4-5 ticks the most. But if indeed it only is a pump or promotion. It is still in effect so how can you say those who lost money are screwed. IMO again. If this is only a pump it's only going up. Nobody is shorting,right? So what is the negative side of this stock? They aren't getting shut down. No way...... the way I see it is big things are happening with shom. I have done my DD. I have pages and pages of the positives. I've contacted memebers ive contacted subsidiaries I've gone as deep as the internet allows me to. I also have the negatives, they do not out weigh the positive or even a pump promotion scam if you will. This only goes up. But this time past the .0098 mark and if it's short term or long everyone affected by the coke or l that stuck with shom is going to make out.
FYI........
Towa corporation has a $39.78billion (JPY) Market cap. To make that easy on everyone that is converted to:
$39,780,000,000.00 JPY
$353,249,890.108914USD
Also towa corp (6315) is the main company with subsidiaries too.....
The Towa corp is a subsidiary or tb group.
For those who can not figure out how a company with a market cap of about $35mil (usd) can give out the $180mil (usd) that has been extended to shom to help build their product and business, I hope this helps......
Mvisual is also a subsidiary of the TB GROUP. MVISUAL IS WORKING WITH AJGH ON THE SKYEYE:dms product. The have recently updated their webpage and are evolving into an IoT com
Lolzzzzzz
Sorry I had George chang write that last post. He messed up the wording!
I will have him "reword" it
Nice email header!...
FYI........
Towa corporation has a $39.78billion (JPY) Market cap. To make that easy on everyone that is converted to:
$39,780,000,000.00 JPY
$353,249,890.108914USD
Also towa corp (6315) is the main company with subsidiaries too.....
The TB Group is one of the subsidiary of TOWA CORP.
For those who can not figure out how a company with a market cap of about $35mil (usd) can give out the $180mil (usd) that has been extended to shom to help build their product and business, I hope this helps......
Mvisual is also a subsidiary of the TB GROUP. MVISUAL IS WORKING WITH AJGH ON THE SKYEYE:dms product. The have recently updated their webpage and are evolving into an IoT company
So funny...if you wanted it to be simple you'd just leave it as is. If liu Zhongzheng is liew Choong chin
why not just call him by liu Zhongzheng
Sounds pretty simple to me,no?
When has it ever stopped? The train just keeps churning and churning. Choooooo choooooo