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We don't make any money "from" or "for" our shareholders? If they don't make any money from their shareholders, meaning no $$$ to line their own pockets, why is that a bad thing? They obtain money/financing due to their being a public company (why any company wants to be public), and thus be able to grow the company. When/if they succeed, the shareholders benefit. Unless it's a scam, then they just get money for themselves.
No guess. They said the price was at a premium of over 6X what the present price is, meaning it can't be .0004, but must rather be .004. No guesswork.
Got it at the last second!
Come to papa!
Should close at or above .058 today.
Don't overlook the fact that this 10K is dated December 31. It's reflective of where the company was at December 31, not where it's at today. A lot has happened since December 31 which is not reflected in the 10K.
Hva betyr "nosfelle?"
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"I have seen the Amazon pump used many times with OTCM companies and it never generates any revenue - most of the time it is shareholders who do the buying."
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Well that's a broad statement with no proof! You just making this up? Please name which companies sold on Amazon yet generated no revenue. Please tell us how a company can "never generate any revenue" on Amazon, yet "most of the time it is shareholders who do the buying." If the shareholders do the buying, isn't that revenue?
So besides the glaring contradictions in your statements, please tell us how you came to know that there were no revenues with these companies who "pump Amazon" and/or that it was only the investors buying?
So your DD on BMAX is news re: another Company?
Okay, found it.
I didn't know the uplisting was approved! (and I own a lot of BMXC, so I'm following news closely). I can't find any PR or filing to that effect. Where and how did you find this out?
A young company is never profitable....until it becomes profitable!
When you want to build a legitimately profitable public company with a desirable product, you try and make all your mistakes in smaller markets. Then, when you're in the groove and got the kinks worked out, you bring it home to the US of A. And BOOM! Now you're rockin'!
Why the A/S stays the same even though the O/S count was cut by a third:
The 150M shares were retired (back to the treasury and restricted; ie: cannot be sold or released or exchanged for at least a whole year), not eliminated. Their ownership was exchanged for 50M shares of Series B preferred shares (a new class of company stock) at a 3 for 1 ratio, where each preferred share can be exchanged back to common shares at a 1 for 3 ratio anytime AFTER ONE YEAR. So, in effect, those 150M shares of common stock which were retired are spoken for, but can't be reclaimed for at least an entire year. Until then, the A/S structure has to stay the same but the O/S count is cut by 1/3 (150M shares).
Re: the .0017 share price the toxic lender got for shares (not .0007 as you claim), that's the ONLY reason we were able to buy BMXC shares so cheap. These are absolutely the best plays in the penny market, when and where the toxic shares drastically lower the share price and at the time of full and complete conversion, material events occur and drive the SP up like crazy. (EWL* was another good case in point).
BMXC is different in that 1) there's a single person driving the company who doesn't take a salary from this company, so all $$$ toxicly borrowed was used to market the company's products (successfully as it turns out) and not pay exhorbitant salaries to several officers-in-name-only; and 2) no more toxic debt.
So the very facts you use to attack BMXC are the ones which are allowing its SP to continue to climb and climb and climb, and to make me and a lot of other people a lot of money.
BIG difference between saying you're going to apply for an uplist, and actually putting the $$$ down and applying for an uplist. BIG DIFFERENCE!
I cannot believe I just read your post! I literally just finished calling the chevy dealership to say it was a go on the new Silverado! And all because of BMXC!
About to go ballistic.
About to go ballistic.
What doesn't look good? I've got my office in my home and I've made lots of $$$$ from it (and saved lots from having ZERO OVERHEAD). This lady is SMART! She's got a manufacturer who dropships to her distributors/customers (no need for $$$ for a factory (workers, mortgage, taxes, utilities)), she does all the paperwork herself (for now) for how much $$$? (oh yeah, ZERO)... marketing, administration, sales, etc. all done for free...for now, until the business grows a bit. SMART LADY! And not overly greedy. Honest, intelligent, hard working, what's not to like?
That means a gross profit of $660,000 on that $1.1M sale! One sale!
Today was not a bearish engulfing pattern. Yesterday's candle body wasn't small enough, and the wicks were too long. Also, the candle body today did not entirely engulf yesterday's candle and wicks.
Having a margin account means the brokerage (Ameritrade) is willing to front you $$$. When it comes to clearing a penny trade (after you've sold), having a margin account means, technically, that Ameritrade will front you the funds from the trade even before they've cleared (which takes 3 days), so you'll have the $$$ available immediately to trade again. Just apply for a margin account.
One more thing. When you deposit funds into your margin account, that $$ is available immediately to trade most securities, but not pennies. It takes 5 days for the deposited funds to clear before you can trade pennies.
One more thing: If your account is an IRA, it can't be a margin account.
Or maybe pending deal with big box retailer!
One of the CEO's promises was to wait until all dilutive shares were sold before publishing news, so that only retail shareholders benefitted. She's good on that promise so far, so we can expect news on a regular basis now.
This news is big on so many levels. CEO has 1) restricted the ability to convert to common shares for a whole year; 2) tied her success to all the other stockholders' success; 3) virtually guaranteed no dilution.
This thing is just begging to pop!
But the issuing of those extra 600M shares will most probably not be carried out, because they would dilute the controlling interest of Meyers and Traina, which (at 300M and restricted) is not much over 50%.
300,000,000 shares of common restricted = 59.36% of all common stock. This means 1) total issued and outstanding share count is 505,390,830, 2) No more shares to be issued, as they would dilute those 300M restricted common and cause those 2 shareholders to no longer hold a majority; and 3) no more than 205,390,830 are free trading (less any other restricted common). Looks like the 505M+ share count will remain until whatever is to happen happens. imo
Sorry, just read the 8k from 2 days ago. Actual total (vote) count is 505,429,557. 1M are Preferred (which represent 110M voting power), 300M just issued that represent controlling interest, leaving only 95,429,557 as free trading.
Letter of credit/purchase order from purchaser easily provides for line of credit at bank.
That is a $$ 90 MILLION contract!
Then again, when the price appreciates like this, I've seen companies call off a reverse merger.
From filing Dec 28 .... The reverse split will become effective on or about January 20, 2017. The par value of our common stock will remain $0.001 per share and the number of shares of common stock authorized to be issued will remain at 250,000,000. The reverse split and the amendment to our Certificate of Incorporation are more fully described in the Information Statement accompanying this Notice.
Niiice!
One reason (at least) why this is skyrocketing up is that the party (ies) who bought tons at .009/.01 is holding everything they bought, not selling at all. They know something .... and it has nothing to do with past financials, but rather with the coming to fruition of a genius game plan to transform physical therapy, not only in this world, but everywhere. It is just beginning to be implemented, and the line of those wanting in is long and getting longer. What now begins as 1, then 2, will soon be hundreds per month. This company, in my opinion, will within the year be trading on the NASDAQ. And that's why this thing could easily hit $.50 soon, if not more.
I just learned the hard way ..... by paying off my new Subaru! lol!
Looks like all retail now. Dilution over. Debt-free company, business model just starting to take off. Low OS (under 100M). TV shows, live events .... and it's just getting started! IMHO
Looks like dilution is past. Razor thin here!
No debt! A company just beginning to turn profit, and no competition! No debt!
No one has even seen this yet! Gonna climb quick!
Loaded up!