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In this for the long run. Should see Multi Cents and a uplist to Nasdaq/NYSE.. Company is already Audited so they they just need to do a S1 Offering to uplist, but I think they have to wait 1 year by rule. Way cheaper option then the IPO route. Saved the company millions!
Sure seems like Kool AId has a direct line to FINRA.. hmmmm
NO ONE CARES.. The PLPL/BYOPLANET deal will close any day, minute or second. The thing is Spilled Milk, even if gone sour can be Cleaned Up.. ;) Have a nice day! I know I will.
So 99.9% Negative. Thanks for playing! No one cares about Patel. He couldn't close the deal and Byoplanet will IMO.
Dated 2018.. Not even remotely relevant.
Even Kool AId is going to smack the ASK after reading that! Well written!
Personally I do not care about the PPS here. I am only concerned with the offering price. I am actually going to buy more once the Form 10 drops..
It is honestly going to take 3 to 6 months from now for an exchange uplisting. So like August/Nov. Once the Form 10 is submitted there is a SEC review period which takes like 30 days or what not. Then the Offering is like 3 to 6 months afterwards. You guys can look all this stuff up. .
We can now put all the nonsense we have discussed to rest since management will be meeting w the Auditor to formalize everything. I did find todays tweet hilarious though. They made is sound like BAD NEWS.. This is the biggest thing to ever happen to BMXI and CEO NIls. This is his baby and he is one step closer to becoming a NYSE/NASDAQ CEO..
Last I checked, delaying a Conference Call to close out and finalize a 3 year Audit was great thing!!
GO BMXI.
It is quite evident that poster will be forced to take night classes soon since your continuing education has them at a loss of words. Only so far a B.S. degree (Non Science) can tale you! Thanks for you amazing posts. You certainly know your stuff. Keep on keeping it REAL... Will look forward to the Rocket in the Silo which is PLPL;)
Audit is done, and Nils traveling to India to meet the auditor and sign off on it. Thank god! We should see a FORM 10 before the new Conference Call date..
I am a Fighter Pilot for the Air Force and I have been conducting altitude research studies on electrostatic sprayers. So far the H2 Sprayer is the only device which has had positive results. In fact the wrap around effect at Mach Speeds has proven to contradict Newton's Laws of Motion.
Funny how the daily blasting ramped up when pharmaceutical company Merck was shown demonstrating Byoplanet's H2. The things groups and entities will do in order to shake the tree to garner sellers. The Soulless people were dealing with will spin truth into 1000 narratives to get what they want.
Just look at the FILINGS published by the company. Not sure we are talking about FEEDS being sent to Yahoo or OTCM.
Your scenario is very flawed because the Merging Company is SEC Filing and Solvent. They will not need to dilute the share structure to raise money. Any sort of reverse split would be for uplisting purposes, but you already know this
In fact you just wrote 3 entire paragraphs talking about a SHELL. You gave ZERO VALUE to what BYOPLANET would offer.
Yes same sort of stuff. Remember when there is lots of money to be made your going to see a lot of greed and ugly show up. Essentially Billions of dollars has been flushed out of the OTC markets and we sit at multi year bottom levels. Who is buying up the inventory? BROKE RETAIL? haha Well probably not since 95% plus of them have been flushed out over the past 24 months.. It is just math. Not like PLPL has some death spiral Convertibles where the Lender will force some RS.. That is what will usually happen at the end of the Pump Cycle btw.
There is no short position here. The only reason we got bashing is cause the prick Axe MM has a habit of sending its Goons out to collect cheap shares from weak hands. Shorting would essentially be suicide cause Byoplanet is Solvent and has no need to take on Toxic debt now or in the future.
Now with that said it is disgusting that some market making entity is willing to employ people to discourage buying through use of out right lies, slander, defamation and libel.
Try using Netscape or AOL for your stocks analysis.. IMO.. Then report back to the group!
You should see the DM's I get on here and twitter.. They act Bullish then mix in a twist of doubt. Anyone w size is making 6 to 7 digits here. Leave me alone and let me make my money.. Jeez..
BMXI has positive Revenues and Net Income. I would strongly advise you to refer to official filings via the OTC Market disclosure portal. Your Citing Yahoo Finance which I have not seen someone reference in a decade.
Everyone you mentioned has a Negative Net Income. So not fair comparisons, because BMXI has positive net income, However it shows you that even those Big Board gold miners which bleed RED have large Market caps 10x to 30x higher!! We be in great share here!
The Offering is just a math problem. Focus on the Market Cap and Share Structure. Sprinkle in some realistic comparisons which are already listed and you can construct an offering price. They are not going to base an Offering on PINK SHEETS, or OTCQB tickers! Like selling a house, you got to base it on the neighborhood. Now keep in mind the lowest MC ticker at Profit on the NYSE/NASDAQ which mines gold has a160M MC or what not. BMXI has a 7 Million Market Cap. Go look it up on FINVIZ.COM..
They could raise the Bid to $1.00 and I am still not selling jack! The market cap would be a measly 60 million at that point. Don't get me wrong a 60 dollar MC is quite impressive but in relative terms it is not even 1/2 as large as it's worst comparisons I have researched on the Nasdaq/NYSE.. I think the worst profitable one I saw had a MC of 150M..
The Promo seems suspect. I am sure management will issue a Press Release and respond. Same thing happened to Full Alliance Group (FAGI). It got a Promo and Management knew nothing about it. They had to pay a lawyer to write a letter and Promo Badge was removed by the OTC.
I am only comparing BMXI to company's listed on the big boards. I am interested in their Market Caps and if they have Positive Net Income.. So PE greater then Zero.. FINVIZ.COM is a great site to use!
Infesting posts here but, No one does TOXIC LOANS to clean shells. It is the opposite actually hedge funds will buy the debt for cheap and use awareness campaigns later on. Death Spiral will likely never happen on PLPL/BYOPLANET.. The merging company is quite solvent and has no need to issue toxic debt. Perhaps they will do an S1 offering when they uplist to Nasdaq in the future.
Thanks for posting the insiders. Not shocked that I have received countless DM on this site and others trying to shake me out over the last 6 months or so. I own as many shares as some of these directors.. Shady business.
Nobody cares if you think I care that you care that nobody cares!! Now lets go BMXI..
Wait Longer or Sell. NO ONE CARES!!
3 to 6 Month is my best guess based on how long Form 10's and offerings take. However it should transition to a higher PPS levels post Audit/Form 10.. Probably .20 to .50 range IMO... Then will go ape shit and leg up again when the offering drops.. The offering will be way higher then the current PPS at said time..
PCAOB Audit is done by a 3rd Party, but I am sure they are in contact with BMXI throughout the process. Keep an eye out for a Form 10 which would be uploaded by BMXI. That is a registration of securities w the SEC and means the audit is finished. Once at that point were probably 3 to 6 months out from uplisting to the Big Boards.
I believe the date was changed cause Nils was traveling and meeting management in Indonesia. Even though I have said I believed the Audit was done, we need to concede to the fact it being conducted by a 3rd Party. Out of our control.
Patience is virtue!
Great Comparisons for BMXI. This gives us a more Global Macro view since several of the company's do not trade on the Nasdaq or NYSE. Only 40 of the 73 listed are even profitable. Off them only 4 of them are trading under $1.dollars and check out their market caps. 100M MC, 150M MC 2.7B MC and 5.9B MC.
BMXI is in a great place!
https://companiesmarketcap.com/gold-mining/most-profitable-gold-mining-companies/
The CEO is Patsy and not really in charge. They are intentionally being vague cause they wanted to flush out those Unrestricted Shares cheap. No mistake someone is buying them up. Perhaps by IKUO KONNO who is really running the company, in fact he owns the majority of the common... BTW CEO PAUL OWNS ZERO SHARES. #NOTINCHARGE
So this Gold Royalty Corp has a 338M Market Cap, and had a net loss of Negative $12 Million. Float 3x larger then BMXI, Sales are Smaller then BMXI.. The Group appreciates you contribution even though u wanted to stir the pot. I love to dissect and compare company's. BMXI smokes that company.
https://finviz.com/quote.ashx?t=GROY&ty=c&ta=1&p=d
BTW that company's MC is 50 times larger then BMXI. All things equal that puts BMXI at $7.00 bucks.
Yes I agree and your right, 1.5M shares would be to small of a float. I was merely playing with the numbers.
A Reverse Split would almost ensure a monster run. Keep in mind they just gave all the insiders "Common Shares" They won't reverse split it now anyways.. Additionally the Reverse Split would be used to MATCH the OFFERING PRICE.. Let say they do a RS at.50 cents to match a $10 dollar offering.. It would be a 20 for 1 RS... Then the SS would Shrink by 20 times. The New Float would be 1.5M shares...
These institutions which bought the offering at $10 would need to sell its shares to investors. So you would expect to see a massive Awareness Campaign.. Probably would easily see $60 to $100 bucks short term.. A few months. That analyst target would effectively be $120 bucks... So probably would essentially be a 5x/10x run from where the RS/Offering is at.. So in this case it would be like the stock ran to $2.50 to $5.00 bucks.
The guy's brother is the Duke of Wellington!! That is some awesome stuff. Was also pressed out when they added those new directors. If BMXI goes to $10 or $20 bucks we should all pitch in and have Nils knighted by the Duke!
Not much convertible debt if anything. Only 2,2 Million Convertible debt is stated in the Financials and the company press released over $2Million in debt was canceled.
Fun Facts!!
Don't worry they will be doing a 20 Million to 30 Million dollar offering to get all locations up and running. Basically the whole point of doing the offering. Perhaps the can price them out like US Gold Mining Corporation did a couple weeks back at $10 per share! Cheers!
Both companies are Mining, but yes probably not the best comparison. It makes BMXI look weaker cause Lithium trades lower per ounce then gold.