Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Heck, I'm surprised they aren't uplisting.
I don't think we're going to get an OTC Current stock like this with a crazy low share structure and assets + revenues to back it up for awhile. It's a diamond in the rough. Name me on OTC that's current that looks like this or better. :p
You couldn't find a better diamond in the rough right now like this one. Again, I'm open to people challenging me on this one because I'd like to see the other rough diamonds too :p
I'm just waiting for the day to come where this hits 0.40+ and people start asking "how?!?." .... like unreal... it's IN THE FILINGS..... LOOK AT THE FINANCIALS!!! SHEEEEEESSHHHHHH
It's just freaking unreal that it's at this current price level.... like wtf... There's just not enough eyes on this one.
I couldn't agree more.... I can't stress this enough that this stock is stupid undervalued. If they've lied on their financials (which I doubt BUT they are unaudited), that's an easy report to the SEC to shut this down. However, if we look at the previous filings with the SEC, that's definitely not the case. Sheesh... I still can't believe they had to go "best effort" at such a low PPS. We need to see more umph from the CEO to communicate to investors so this PPS actually matches their financials (which right now is around 0.70 for PPS). I've never been so grossed out by such an undervalue.
Oh snap digity.... Now we're talking! Probably explains that recent push for dilution too, even at these low levels that doesn't represent what the company is ACTUALLY worth.
I challenge anyone in here to find a better Current reporting OTC that hasn't gagged their TA than BMXI right now... Because I'm having a hard time doing so....
No dilution yesterday it looks like. Very nice. Obviously they still have 10 mil shares left to burn, but I'm sure they'll save that to get more bang for their buck later on. Time will tell
Just needs a little more exposure is all. Dilution isn't really all the reason why the PPS is where it's at. There haven't been much demand for this stock.
BMXI Currently trading around .03 and is actually worth .70+ right now based on financials.... 12mil float and OS is at 32mil. This is literally a no-brainer stock.... $26mil in assets, $11mil NET tangible assets, $1.9mil NET qtrly revenue. Current market cap is at $1mil.... If there's one stock you need to take a look at... it's this one. This is ridiculous.
BMXI Currently trading around .03 and is actually worth .70+ right now based on financials.... 12mil float and OS is at 32mil. This is literally a no-brainer stock.... $26mil in assets, $11mil NET tangible assets, $1.9mil NET qtrly revenue. Current market cap is at $1mil.... If there's one stock you need to take a look at... it's this one. This is ridiculous.
BMXI Currently trading around .03 and is actually worth .70+ right now based on financials.... 12mil float and OS is at 32mil. This is literally a no-brainer stock.... $26mil in assets, $11mil NET tangible assets, $1.9mil NET qtrly revenue. Current market cap is at $1mil.... If there's one stock you need to take a look at... it's this one. This is ridiculous.
Literally cannot find another OTC that's current, has 1.9 mil in NET Revenue and 24 mil in NET assets that is this stupidly undervalued... like wtf
I think dilution, if any, was minimal today. They already know they can't get bang for their buck at the current PPS. They've gotta pay 643k this year for one of the land assets which is probably why we've seen a recent ramp up in selling shares within their 25mil offering:
4. Capital and Leasing Commitments
There was no capital or leasing expenditure at November 30, 2021 except for the below:
The company will make the following payments at the following times to Gennex with respect to the purchase of the Assets as describe in Note 6:
- $50,000.00 USD to Hartley payable on March 15, 2022
- $93,000.00 USD to Hartley payable on March 31, 2022
- 250,000.00 USD to Hartley payable on June 15, 2022.
- $250,000.00 USD to Hartley payable on December 15, 2022.
- $250,000.00 USD to Hartley payable on June 15, 2023.
- $750,000.00 USD to Hartley payable on December 15, 2023.
- Or as otherwise agreed to in writing by separate amendment between the Parties.
5. Contingencies
From time to time, the Company is involved in routine litigation that arises in the ordinary course of business. There are no pending significant legal proceedings to which the Company is a party for which management believes the ultimate outcome would have a material adverse effect on the Company’s financial position.
6. Events After the Reporting Period
There has not arisen in the interval between the end of the financial period and the date of these financial statements any other item, transaction or event of a material and unusual nature likely, in the opinion of the Directors of the Company, to affect significantly the operation of the company, the results of those operations, or the state of affairs of the company, in future financial years except for:
(1) In January 2022, the Company received consent from the US Securities & Exchange Commission to raise up to $3 million through the issue of up to 25 million shares to be issued pursuant to exemption from registration under Regulation A of the SEC Exchange Act. To date, the Company has raised $90,000 pursuant to this registration.
(2) During 2021, the Company acquired 100% of a 6000HA property in the Tintina gold belt situated in the Yukon region of Canada. The property, which is situated approximately 20km north of the Trans Alaska Highway, encompasses infrastructure including fuel depot, mining camp, heavy excavation and transportation equipment and airstrip. The acquisition was made for consideration comprising 4.5 million of the Company’s shares and approximately $1.8 million cash payable in instalments. The final closing occurred in December 2021.
LMAO... it's crazy isn't it?!?! like this is ridiculous that it's at its current PPS.
Yea and then I won't be invested in them anymore... lol. I don't hang around because I believe in a company long term... I just swing trade.
I'm starting to think you don't read filings..... here:
from the 253G-1
We are offering up to 25,000,000 shares of our common stock on a best efforts basis for $0.12 per share, for a total of up to $3,000,000 in gross offering proceeds, assuming all securities are sold. The Selling Security Holder is offering a maximum of 400,000 shares of common stock on a best efforts basis at a price of $0.12 per share. There is no minimum aggregate offering amount or provision to escrow or return investor funds if any minimum number of shares is not sold, and we may sell significantly fewer shares of common stock than those offered hereby.
It's on a best effort basis meaning it can be higher or lower than .12
It's not endless dilution... at least not right now. You've read the 253G-1, right? It's a 25 mil share offering... that not endless dilution.
It's a mining company... these companies typically dilute to raise capital for ongoing operations (exploration). In their 253G-1, they break it down on how they're going to use the proceeds of the 25mil share offering.
2 million more shares added yesterday to the float on $BMXI
Unrestricted shares now at 12,753,464 as of 08/01/2022
They have 10,261,205 shares left to burn out of their 25,000,000 offering
EVEN if these 10mil shares are burned up... the PPS should still be at 0.34 ......
Because their 253G-1 stated how many outstanding shares they had and if you look at the current outstanding shares in otcmarkets you can easily do the math... lol
Again, we're not playing that misinformation game here. We can articulate everything in their filings just fine. That email they sent back speaks other words. Best to you.
No, reporting the fact that the company said it was because of shorting that increased their outstanding share structure. See my previous posts.
It's cool that you're defending this in some sort or way, but the last 253G-1 told us they were offering 25mil shares to raise capital. We're on watch to see what the next steps are and ready to report to the SEC for criminal activities. Best to you.
Also, shorting does not increase the outstanding shares that's reported on OTCmarkets. Not sure why you're defending that stance.
Obviously we would love this stock to sky rocket, but at the same time we will be doing due diligence and updating this forum for future investors. I don't like seeing people taken advantage of. I'm also going to get other forums involved on this one to watch for criminal activity. Best to you.
The company responded with and I paraphrase "shorts are the reason why everyone is seeing the OS increase." That won't be tolerated in this forum. We'll make sure everyone is informed.
Just waiting on the dilution data to come in so we can update the ibox with a huge warning or not on this company so other investors can make a sound decision.. their 25 million offering is about burned up. If they go any deeper past that and don't report it, I'll report this to the SEC myself.
That's not true. Where are you getting that data from? I can see the diluter market makers on the L2 and the dilution from the previous days.
No but we got an email response from asking about the dilution.
Thank you for your enquiry. We are always delighted engaging with our valuable community.
We have analysed the trading pattern of the past week or so using forensic analytics set up by our IR/PR partners and it appears that there has been significant shorting activity which would account for what appears to be dilution from additional share issuances.
We appreciate your continued support. Please let me know if you require anything further.
Shorting doesn't add to the outstanding shares... That was a BS answer. Gonna go ahead and slap a buyer beware on this one now.
No idea... notified the SEC of this fraud. Just waiting on the suspension of trading.
WARNING: DO NOT INVEST IN THIS COMPANY. They're a culprit of reverse split, dilution, rinse and repeat. All within such a short amount of time. (all this in my opinion but just look at the chart and the following:)
Capital Change=shs decreased by 1 for 12 split Pay date=07/25/2006.
Capital Change=shs decreased by 1 for 5 split Pay date=06/17/2011.
Capital Change=shs decreased by 1 for 10 split Ex-date=11/03/2015.
Capital Change=shs decreased by 1 for 30 split Ex-date=02/23/2017.
Note = Delisted from Nasdaq on 10-25-2017
Capital Change=shs decreased by 1 for 15 split Ex-date=10/06/2017.
Capital Change=shs decreased by 1 for 500 split Ex-date=11/13/2018. Pay date=11/13/2018.
Capital Change=shs decreased by 1 for 10000 split Ex-date=08/03/2020. Pay date=08/03/2020.
Capital Change=shs decreased by 1 for 1000 split Ex-date=07/19/2021. Pay date=07/19/2021.
Capital Change=shs decreased by 1 for 10000 split. Ex-date=03/16/2022. Pay date=03/16/2022.
It's just funny seeing how close all these reverse splits are...
Capital Change=shs decreased by 1 for 12 split Pay date=07/25/2006.
Capital Change=shs decreased by 1 for 5 split Pay date=06/17/2011.
Capital Change=shs decreased by 1 for 10 split Ex-date=11/03/2015.
Capital Change=shs decreased by 1 for 30 split Ex-date=02/23/2017.
Note = Delisted from Nasdaq on 10-25-2017
Capital Change=shs decreased by 1 for 15 split Ex-date=10/06/2017.
Capital Change=shs decreased by 1 for 500 split Ex-date=11/13/2018. Pay date=11/13/2018.
Capital Change=shs decreased by 1 for 10000 split Ex-date=08/03/2020. Pay date=08/03/2020.
Capital Change=shs decreased by 1 for 1000 split Ex-date=07/19/2021. Pay date=07/19/2021.
Capital Change=shs decreased by 1 for 10000 split. Ex-date=03/16/2022. Pay date=03/16/2022.
Not trying to give you some kind of redemption on this stock or anything, but I updated the Ibox and I want to include everyone's due diligence on all aspects. Let's make this stock fair to trade on the retail side because right now, I believe this should be at .34 or higher based on their reported financials (that includes income statement, balance sheet, and cash flow). Not only that... any minimal buying/selling pressure will push this stock higher or lower quickly based on the small float and OS (unless they're diluting which they've disclosed they may do from time to time on best efforts through the company officers. I know you mentioned you didn't care about that, but it actually plays a huge part in how fast this can move upwards or downwards (momentum-wise) fwiw. I wouldn't throw your hands up on this one yet. I'll dig more into the CEO and the rest of the officers within 72 hours from now. Will update the Ibox with their factual data too.
Updated the Ibox with pretty basic stuff. I would encourage everyone to read the last Q and 256... explains everything you need to know about this company.
So this is what I like to see and explains the dilution straightforward
(3/15/22) https://ih.advfn.com/p.php?pid=nmona&article=87559046
This offering is for up to 25,000,000 common shares (“Shares”) of Brookmount Explorations, Inc. (the “Company,” “Brookmount Explorations,” “BMXI,” “we,” “us,” and “our”) for a price per share of $0.12, resulting in gross proceeds of up to $3,000,000.00, before deduction of offering expenses, assuming all shares are sold. <--- That's probably why the PPS hit .12 :p
The sale of Shares will commence once the Offering Statement to which this Offering Circular relates is qualified by the Securities Exchange Commission (“SEC”) and continue for one year thereafter or until all shares have been sold, whichever occurs first. Notwithstanding, the Company may elect to extend this offering for an additional 90 days or cancel or terminate it at any time.
Currently, they have sold 8 million out of the 25 million shares they said they were offering at any given time this year (or until March '23 provided they don't do a 90 day extension). They have laid it out point blank and honestly with the current PPS, they aren't getting bang for the buck on it (hence PAUL, more than likely their diluter on the L2). Even if they burn all 25 million shares, their PPS should still be at 0.43 fwiw. Someone feel free to chime in on the PPS valuation based on their balance sheet and overall financials.
The float at this time is still currently small.... 10mil. You don't see really any OTCs that have such a small float and OS structure. That's why I'm focused on seeing this one out to see where it goes. The 2bil AS is pretty ridiculous though.
Not sure... obviously raising capital for something. However, I'm not really concerned at this point given the extremely low OS and float. I think we may see a nice huge pop in the short future fwiw. PAUL is still on the L2 though, but still far away from the BxA spread.
Another million added to the OS today... pretty low and slow dilution over the last few days.... I see ETRF on L2 on the ASK at .26 for 360,000 shares. I wonder who that is that is showing off that amount of shares at the asking price.... hmmm....