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Thanks for the advice but I have all the shares I want, all purchased at .0001 Therefore I have virtually very little to lose and a whole hell of a lot to gain!!! As for now I will wait to see what the next couple of quarterly reports bring forward.
Good post, I agree.
There is no debate, everything has been put to rest!
I see no proof of a scam, certainly not your posts!
Trip 1 right around the corner!! Love that PURA dividend!!!!
I wouldn't pay a penny for it.
Ditto
Absolutely correct, this will soon be at .0001
Don't waste your time!
Well said and right on target, and anyone paying attention to the PR history here should know that!!!
I think this stock could be a big winner and that is why I am holding.
On 6/3/13 the share price was .59 and a million shares plus traded. Granted the share structure was quite different than it is now. However, one can dream - LOL
The quarterly report should be issued in seven days. That is the way it worked the last time it was submitted late.
I didn't think it was a joke.
That PURA dividend isn't it great!!!
The easy way to answer that question is to go back over all the PRs and see how many of them were true.
Exactly right!!!
The ASK is at 14 millions shares right now. Where is your order??
"review the facts"
You post these as facts, where is the documented proof????
I can find no proof whatsoever that this is a scam!!!!
Both volume and price picking up!!!!!!!! To me that is a clear signal that this baby is about to erupt upward!!
The Mother Load $$$$$$$$$$$$$$$
Short squeeze - it is to laugh!!!!!!!
I would counter with this:
PASADENA, CA -- August 23, 2016 -- InvestorsHub NewsWire -- Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it had further improved its capital structure with the elimination of a large amount of convertible debt and preferred stock from its balance sheet.
Four holders of convertible notes payable by BMIX, with a total face value of $200,000 in principal, converted all such notes and their accrued interest into an aggregate of 80 million BMIX common shares (at a conversion rate of $0.0025 per share) as well as common shares and options of Jupiter Gold Corporation ("Jupiter Gold"), BMIX's gold-focused subsidiary. These notes would have matured on January 1, 2018. This debt was BMIX's single largest cash liability, as the notes had an optional, but not mandatory, conversion right to equity. The Company's financial statements for the third quarter of 2016, expected for release in November 2016, will account for the extinguishment of these notes and their accrued interest on its balance sheet. BMIX considers the removal of this large liability to be a significant positive for its current shareholders.
Separately, twelve holders of BMIX's Series B Preferred Stock ("Preferred B") entered into materially similar transactions with the Company (together, the "Conversions"). In the Conversions, these holders exchanged a significant portion of their Preferred B holdings for securities of Jupiter Gold. The Conversions improved BMIX's balance sheet as they eliminated a large amount of Preferred B, which, if converted into BMIX's common stock, would have diluted current shareholders. Giving effect to the Conversions and similar other transactions since late July 2016, a total of 456.30 outstanding shares of Preferred B (out of 1,047 such shares) as well as the entirety of the 200,000 outstanding shares of the BMIX's Series C Preferred Stock ("Preferred C"), have been extinguished. The Company's financial statements for the third quarter of 2016, expected for release in November 2016, will account for the elimination of such Preferred B and Preferred C on its balance sheet. BMIX considers the removal of these preferred shares to be a significant positive for its current shareholders.
In other news, BMIX concluded its initial test of alluvial material for processing in gold retrieval units. Based on the positive results obtained and the type of gold present in its areas, the Company had a mechanical sieving system designed by its mining engineer and other consultants to support operational-scale processing of material. A third-party metalworking facility is now building a first unit for use in BMIX's areas.
I would counter with this:
PASADENA, CA -- August 23, 2016 -- InvestorsHub NewsWire -- Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it had further improved its capital structure with the elimination of a large amount of convertible debt and preferred stock from its balance sheet.
Four holders of convertible notes payable by BMIX, with a total face value of $200,000 in principal, converted all such notes and their accrued interest into an aggregate of 80 million BMIX common shares (at a conversion rate of $0.0025 per share) as well as common shares and options of Jupiter Gold Corporation ("Jupiter Gold"), BMIX's gold-focused subsidiary. These notes would have matured on January 1, 2018. This debt was BMIX's single largest cash liability, as the notes had an optional, but not mandatory, conversion right to equity. The Company's financial statements for the third quarter of 2016, expected for release in November 2016, will account for the extinguishment of these notes and their accrued interest on its balance sheet. BMIX considers the removal of this large liability to be a significant positive for its current shareholders.
Separately, twelve holders of BMIX's Series B Preferred Stock ("Preferred B") entered into materially similar transactions with the Company (together, the "Conversions"). In the Conversions, these holders exchanged a significant portion of their Preferred B holdings for securities of Jupiter Gold. The Conversions improved BMIX's balance sheet as they eliminated a large amount of Preferred B, which, if converted into BMIX's common stock, would have diluted current shareholders. Giving effect to the Conversions and similar other transactions since late July 2016, a total of 456.30 outstanding shares of Preferred B (out of 1,047 such shares) as well as the entirety of the 200,000 outstanding shares of the BMIX's Series C Preferred Stock ("Preferred C"), have been extinguished. The Company's financial statements for the third quarter of 2016, expected for release in November 2016, will account for the elimination of such Preferred B and Preferred C on its balance sheet. BMIX considers the removal of these preferred shares to be a significant positive for its current shareholders.
In other news, BMIX concluded its initial test of alluvial material for processing in gold retrieval units. Based on the positive results obtained and the type of gold present in its areas, the Company had a mechanical sieving system designed by its mining engineer and other consultants to support operational-scale processing of material. A third-party metalworking facility is now building a first unit for use in BMIX's areas.
Well said and right on target!!!
That pretty much says it all!! I am long and staying that way, and I expect to make a lot of money on this one.
Check the historical price and volume movement. It is consistently back and forth between .0001 and .0002. The stock is being flipped back and forth by traders. There is NO dilution here!!
Ah but don't you love that wonderful PURA dividend!!!!
I am invested in this company and holding. I am curious, why do you say this is a winner?
For every seller there is a buyer, somebody is right and somebody is wrong.
Time will deliver the answer.
Thanks for the warning, but I've got thick skin and I have done my DD.
Been investing in the market for over 45 years now!! I've made some money, lost some money and life still goes on LOL
Like I said - almost all the notes have been converted, therefore there should be little dilution going forward. What part of this don't you understand?
Most of the note holders have already converted and the company is in or close to production now in their various mining operations. There will be very little dilution from this point on in my opinion. This is definitely one of the more stable and honest sub pennies in sub penny land!!!
PURA financials in case anyone is interested:
http://www.otcmarkets.com/stock/PURA/financials#
Yeah but don't you love those dividends!! LMAO
No, if they continue to make these kinds of deals, then the stock price will most certainly go up!!
Not bad for Gelmon who has only been on board for 2 months!!!
http://www.marketwired.com/press-release/axxess-pharma-inc-signs-distribution-agreement-with-globally-recognized-corex-fitness-otc-pink-axxe-2170240.htm
This stock could easily reach 10 to 20 cents by mid next year!
Sometimes a new CEO can make all the difference. Time will tell, and hell how much can a person lose anyway, a little bit of chump change!!!
Ah, I good thought out post on this board. There are few and far between.