... it's a big blue watery road ...
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And when you say “they dump” - how do you imagine “they” will do it? Do you envision Marc just submitting the 900M of authorized shares to the ask one day? This would require them seeking out an accredited investor per the SEC definition who would then have to purchase unregistered securities from them and hold them for at least 6 months before those shares can even become freely tradable per Rule 144.
So please educate me on how they plan to use the R/S for “pure finance money”?
I guess we’ll just have to wait and see… but doing an R/S to dilute does not make sense for a company with no outstanding debt and still 900,000,000 shares available under the authorized limit.
Xylan, I will make sure to respond to this message one more time when they are trading on NASDAQ later this year ;) Good luck.
Please read the filing! It is all coming together now! Everything happening over the past several months now makes sense!
The way I read this filing is “If we met all other requirements and the only thing left to go to NASDAQ or NYSE is $4 per share, we will allow ourselves to split from here on to get there”.
Guess what other requirements there are for NYSE/NASDAQ? Look up corporate governance requirement for NASDAQ, for instance, and then correlate these with the new independent director hires within the past few months! DO YOUR OWN DD! There is a serious up-listing coming if you put all this publicly available information together - new strategic hires, new website, and now a preliminary R/S authorization that specifically states that they want to go to NASDAQ or NYSE!
***They have no reason to split to dilute - there are still 900,000,000 shares available within their authorized limit and they have no outstanding debt.***
New website is out.
http://www.brazil-minerals.com/
Powder keg here - just waiting for the right news release to set it off…
BMIX
11/08/21 - BMIX added a new board member, Cassi Olson, who is experienced in international contracts and venture negotiations per DD previously published on this board.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166667489
12/8/21 - BMIX added and independent director, Stephen R. Petersen, with 40 years of experience in in the capital markets and investment management. Mr. Petersen previously served as Senior Vice President, Investments at Fidelity Investments for approximately 32 years.
12/29/21 - BMIX appointed Jason Baybutt as a Chief Financial Officer, Principal Accounting Officer, and Treasurer of the Company. Evidently, Mr. Baybutt also has connection to HyperCharge Networks as per DD recently posted on BMIX StockTwits board.
https://stocktwits.com/symbol/BMIX
One has to be naïve to NOT see what is happening here. The company is obviously forming a body of officers and building up its board in anticipation of some major corporate developments. Get your shares now, folks. These moves cannot possibly be random or incidental.
A third company officer added within the span 2 months… there is clearly something going on. Excited to find out what it is!
BMIX
Happy New Year! Go BMIX in 2022!
New website coming soon per today's Tweet.
We are working hard at it and expect the new website for Brazil Minerals (OTCQB: BMIX) to be launched soon. $BMIX #lithium #iron
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) December 21, 2021
Brazil Minerals’ iron sub welcomed a strong result in that a dry magnetic iron ore processing route devised at SGS-Geosol, a premier independent lab, was able to concentrate its ore to 64.4% grade. This is important since 64.4% iron is “premium” product.
Brazil Minerals’ iron sub welcomed a strong result in that a dry magnetic iron ore processing route devised at SGS-Geosol, a premier independent lab, was able to concentrate its ore to 64.4% grade. This is important since 64.4% iron is “premium” product. $BMIX #lithium #iron
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) December 16, 2021
Brazil Minerals’ iron sub welcomed a strong result in that a dry magnetic iron ore processing route devised at SGS-Geosol, a premier independent lab, was able to concentrate its ore to 64.4% grade. This is important since 64.4% iron is “premium” product.
Brazil Minerals’ iron sub welcomed a strong result in that a dry magnetic iron ore processing route devised at SGS-Geosol, a premier independent lab, was able to concentrate its ore to 64.4% grade. This is important since 64.4% iron is “premium” product. $BMIX #lithium #iron
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) December 16, 2021
Plenty of zero-revenue companies trade at billion dollar valuations based on potential alone - look up Sigma LIthium…
BMIX
If you wait until the revenues are actually announced, you will most definitely miss the boat. I wouldn’t try to time something with 5-10x potential to the day, if you think that 2022 or even 2023 is when they become profitable, now is the time to get the shares, potentially getting a 15-20% discount from today’s price is not worth missing a likely 100-200% one-day jump on revenue news.
BMIX
I've been following this stock long enough to know that this is a powder keg and all it needs to explode is ONE big piece of news. Hopefully, soon...
BMIX
I doubt it since the company now has zero debt and does not need to issue shares to satisfy such debt.
Maybe finally waking up?
JUPGF
Folks need to be educated on 10b5-1 Sales Plans, apparently…
BMIX
Lithium play, near-term revenue and NO DEBT - I challenge anyone to show me another penny stock like it ;)
BMIX
This is an immensely important development for a penny stock, and, in fact, very rare in the penny world.
BMIX
8-K FILING: BMIX NOW HAS ZERO DEBT
Item 1.01. Entry into a Material Definitive Agreement.
On November 15, 2021, the Company entered into an agreement (the “Agreement”) with GW Holdings Group LLC (“GW”) which extinguished the promissory note dated June 18, 2021 (the “Note”) in the original principal amount of $129,000 issued by the Company to GW. As of November 15, 2021 there was an aggregate of $133,241.10 of principal and accrued interest outstanding under the Note. In consideration for the satisfaction and cancellation of the Note the Company issued to GW 19,034,442 restricted common shares of the Company and a warrant to acquire up to 5,000,000 shares of the Company for $0.01 per share until June 15, 2022.
With the consummation of the above transaction, the Company now has zero U.S. debt of any type on its books.
https://www.otcmarkets.com/filing/html?id=15363174&guid=Nb3wk6RJAZVQh3h
Hopefully this will continue. We need news.
I agree. Everything is certainly lining up for a nice run upwards from there.
BMIX
Can you copy and paste the part you are referring to?
Steady as she goes… this reminds me of January when this sort of action was going on for a couple of days until, suddenly, 1.2 BILLION daily volume multiplied the price as much as 7x within a single trading session.
BMIX
$BMIX is gapping up pre-market… $0.014 bid already
$BMIX is gapping up pre-market… $0.014 bid already
NEW BMIX BOARD MEMBER
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-qb-BMIX/stock-news/86480962/current-report-filing-8-k
... "Cassi is an expert at bringing offshore companies into US capital markets and is skilled at preparing international contracts and venture negotiations." ...
https://www.kaplowitzfirm.com/team/cassi-olson/
So... an expert in, essentially, up-listing, international deals and partnerships suddenly joins the BoD... Hmmm....
BMIX, JUPGF
Volume before price… This is going higher…
The price is $0.012 as of today ;)
BMIX
NEW BMIX BOARD MEMBER
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-qb-BMIX/stock-news/86480962/current-report-filing-8-k
... "Cassi is an expert at bringing offshore companies into US capital markets and is skilled at preparing international contracts and venture negotiations." ...
https://www.kaplowitzfirm.com/team/cassi-olson/
So... an expert in, essentially, up-listing, international deals and partnerships suddenly joins the BoD... Hmmm....
BMIX, JUPGF
NEW BMIX BOARD MEMBER
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-qb-BMIX/stock-news/86480962/current-report-filing-8-k
... "Cassi is an expert at bringing offshore companies into US capital markets and is skilled at preparing international contracts and venture negotiations." ...
https://www.kaplowitzfirm.com/team/cassi-olson/
So... an expert in, essentially, up-listing, international deals and partnerships suddenly joins the BoD... Hmmm....
BMIX, JUPGF
Great day for BMIX - volume picking up again. Lithium is the world’s hottest commodity right now and this is trading at a mere $30M market cap….
BMIX
Just waiting for news...
The company's assets are world class - success is just the matter of time here. Gotta be patient.
BMIX
Nice rebound just now.
BMIX
This is incorrect - insiders are still heavily invested here.
BMIX
…Additionally, Brazil Minerals' Jupiter Gold subsidiary has concluded the required geological and environmental studies and is expecting the last needed permit to begin operations of its first quartzite mine. It has already obtained the initial commercial licensing from the mining department…