"I know that I know nothing","The only thing I know, is that I know nothing"
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Good point. That was my wishful thinking.
That is also my biggest frustration. I do not know either. The process for all this isn't quick. Lot of paperwork and back and forth. With that said, I do feel like things are moving slower than they really should. A toxicity study isn't revolutionary. It's one of the things that has to be completed before trials. So, why is it taking this long to have an agreement in place and lock it down? This is where we need someone from the company to write a PR explaining the timeline, the lending and why it was required, and that it will end. Farley, Wisnecki, Penderghast. Anyone would be nice to get that sort of update.
One size does not fit all, but it would be nice to get an update explaining everything and the restraints.
Ultimately, we have to wait here and find out. Not much more to say than that. And everything is SEC filed. So, it's a material event that this is happening. Just have to wait for the next piece.
Not sure how much this will help, but Jim needs to PR the shareholders letting them know what has happened and why he has done what he has done and that it will toxic lending will stop. And carry that through action. No one has faith in the company right now. That is clear.
If, they can't raise $50-80k to get the toxicity study done and Phase 1 at least completed, yes, we are completely effed. Because we have already seen Jim take money from plenty of people to get that done. There is zero reason not to get these done, period. Unless, they it was a con for 3.5 years or so. And frankly, I do not even remotely think that is a possibility. Everyone is going to rightfully feel what they feel. But I continue to feel optimistic in this hitting each milestone. With each milestone, the pps will take care of itself. That is all we can do. The second Jim stops getting toxic lending and gets financing with some sort of restriction on it, we will be in better place.
Regardless, I am here to see this through. Been in this way too long to hop off.
I do 100% agree. He is the specialist in minerals and geology. And knows the North American side better.
Contact Erin Kimball. I definitely do not disagree with your statements. But I would look into these people and find their contact information, and talk directly to them!
Regardless of the sentiment, and we know Jim is pretty crazy and has made some poor decisions, I do not think anyone needs to freak out. When this dumpster fire waterfall of Power Up shares finishes, we will be sitting on a 900,000,000 float. Still a great float for a biotech. We have seen other runners with extremely fat floats.
To be clear, Jim may have to sell more before this gets past toxicity study and we are in the round for financing to take care of clinical trials. At this point, we should be in another league as trials will be happening, we will be in clinicaltrials.gov and word will start to spread. Also, heavy dilution will be hopefully restricted pending on terms. Lot of news to come out. The progression of this company to get this drug to trials is honestly the importance here otherwise we would be in a pickle.
LinkedIn. But he won't respond to me.
I do not mean to be rude but this is getting off topic. I will have to remove if anyone continues to talk about this.
Not me. Not right now.
This will get a new company and probably will become a major runner as things continually heat up. Glad to see some life.
Who knows about it? You could have the best product in the world, without accurate marketing and advertising, no one will know.
Additionally, this is an OTC based company with a therapy using 3 FDA approved drugs with known positive results in how it mediates and interacts with the nervous system. There is data showing the potential these drugs individually have on neurological conditions, specifically to parkinsons and MS, and Rheumatoid arthritis. Eyeballs aren't exactly looking or aware of this. So, I do not believe your argument is sound. No one really believe in BMIX, now ATLX, until they moved to NQ. Now its going to be a conglomerate in the lithium industry.... marketing..
So, it really doesn't surprise me no one knows about this nor wants to take a chance here. The Italian data isn't exactly readily available for public eyes. The patent, publications, and some data has been provided, but not marketed or highly spoken about other than us crazies playing the OTC world. So, once this hits Clinicaltrials.gov, I would expect a paradigm shift into viewership. Lot of scientists and researchers are looking and will market for us.
They started selling a while ago
That is a head scratcher.
Unless what people here are saying, Jim is stiffing all of them on like $150k over 3 years
Have to see. But a lot of eyes will be on it at that point. Honestly, if it goes the distance, the float or OS wont matter. We all will make tons of money in due time.
Dude has been making it seem like he has some debt on the shell that is making it hard for him to sell. If all he needs to do is get this current, not sure who would not want to take this shell?
Wonder when that happened. In terms of him buying it off Newbauer. I agree, not sure why he hasnt brought it current. Unless, he wants someone else to do that.
I do not think that low because they plan to make a profit. But it definitely will go low.
I have reached out, but from what I heard or thought, he doesn't have the money to bring this back. So, not entirely sure how he bought it off Newbauer? But I could have something wrong. This should have been trading a while ago
Dang. You are correct. Dude. My ability to do arithmetic has plummeted. Yeah. We should see it anytime.
I thought that there was a 6-month restriction. But yes. And the deal was struck July 3. So, I am expecting some fun next month. Not in a good way.
How else do you fund this? 10k shows Valerian took some shares as well for $25,000.
He doesn't. Clearly
Talking about money? Filings and PRs aren't the only thing he is paying for. Toxicity study will cost money, the extension of the patent costs a lot, cost for the lawyers, expenses for flights, stays, etc etc
Well documented, yes. Lot of salary and bonus, but that was well established. He is getting a pretty nice salary with every deal he makes.
OMG WE GOING TO $5000 PPS, WATCH OUT ABOVE!!! GO GSTC
Well, we got to .0015, which was nice. Just have to see if we carry the momentum.
So you went on that long statement all to say that you are too lazy to do the work you think should be done. Well done, hahaha.
Thanks for the breakdown chief.
Nice simple website. Love those videos. Didn't see those before.
Well, it's important to show that they have the stake in the new company, no?
Looking yummy
I have no clue. This has nothing to do with the audit, or I would expect it not to seeing this is a 2024 matter and shouldn't reflect on the audit that is currently now for 2021, 2022, 2023. I think we can look at this as a means of getting the North American property up and running quickly without in any way hurting the current company. Imagine, you have to start excavating, removing overburden, have all the equipment, pull the money layer to find out it aint shaking out as well for whatever reason. It does provide shielding from the current operating company (not saying this would be the case, I am just going over theories in my head).
The other idea is to allow the heap leeching ponds to be worked on for the next 3-4 months, getting whatever funds required to use for the north american mines. Currently, the contract that I know is only for the Talawaan project. This leaves Aleson with some other contract of what Nils has. I imagine he would be able to use these funds for North American project, whilst still moving cash from the Talawaan to the heap leeching project. So, essentially, he could just take whatever monies he has from the heap leeching and move it.
Then, just lease equipment that you can and make purchases required for the mines in North America (although he said they purchased mines already gold producing). Maybe none of these are good enough nor enough money to get the North American project ready in time for thaw. No matter which way they go about it, they will be required to raise funds for the North American project if they plan to do something this year.
In regards to offering, I have no clue. I would expect there should be no offering for BMXI until the audit is completed. Unless, there was some talk of an offering for maybe this North American project.
I do not think anyone is getting paid. It's a transfer allowing Nils to raise capital for the North American mines without diluting current shareholders in BMXI. Smart solution, plus we get some shares out of it, which in this case is like getting free cash.... just in shares.
Correct. But having a surplus in net income that is consistent, and cash that starts to become cleared for parties within Indonesian as capacity and land increase is massive. Right now, not many companies run well in this industry before crashing down, taking on too much. Whereas, this company is extremely healthy and producing consistently. They are in cash in case the site, production quality, or land suffers and they need to seek out more land. They aren't in an unhealthy situation where they have leveraged themselves too much.
One problem is being able to use the Talawaan funds outside of Indonesia where it can be used to expand. I guess that is where Nils will have to come up with some magic to continue to expand. Price of product is high, hopefully costs to obtain product continues to be low. The value of this operation by any means is highly undervalued comparatively to other operations that continue to operate at a negative regardless of size.
Looks like with those funds that cleared, that they can only use "in situ", they can use to reopen that mine. That will bring in some nice money flow as well.
Look at SDRC. That has a negative net income and somehow running at a $141,000,000. Probably will get out of that hole quickly but makes you scratch your head.
It's a good question. The thing is that this type of technology places some of the work on the patient. It's less time to the doctor, so they can work on other procedures that require in-house visits, while saving the patient time and money making a trip out to the office every time, they need to change mold. Saves on equipment and cost of consumables. Now, remember, there is a technology where the doctor still has to be present at some capacity to make sure things are done correctly and sign off.
Omolive may have more information than I do about this. I am not sure if the company itself with be the intermediary between the patient and the offices, allowing patients to phone into specialists of Aerodontis to make sure the changes and adjustments are made correctly. Or, they would have to phone in and make a reservation with their place of practice for a shortened period to make changes. Regardless, that's where dental insurance comes in. Not sure how that would honestly work. If the doctor would charge full price for their time to the insurance, or it would be a specific or specialized "procedure" so that there was only so much out of pocket someone would have to pay.
I assume here in lies the importance in selling this product to orthodontic offices. Do the doctors actually care about your smile or not, haha.
We will soon enough. I wasn't aware that "Smile Direct Club" shutdown. They were serving 2 million customers at some point.
The technology will allow them to have remote sessions with their users limiting the time people have to spend in the dental office. That's a pretty large and significant change.