New BZWR pages in their website:
A Google search finds two new pages in BZWR's website as of early April. First, there is a page on Automated Lending Platforms. Second, TrustAlchemy.com no longer exists and instead, this page replaces it. That seems very long overdue to me.

Some activity is better than nothing at all.

What do you think about revenues? Does IPSI have products/services ready for immediate release?

IPSI filed its Annual Report on March 29. It is available here.

IPSI does not yet have significant revenues, which stood at just $410 for the entire year.

As of the report date, the merger with BZWR is still under consideration.

Reasons why someone would buy:
1. The merger with IPSI might succeed and the IPSI stock receivable in exchange for BZWR stock may rise in price.
2. The drastic price reduction lately was caused by BZWR only being traded on the Expert Market, where many potential buyers can't see the bid/ask or place electronic orders. Few buyers, price falls. It was not caused by failure of the company or new bad news. The 4th quarter highlights were announced months ago even though the Report was filed very late. In other words, the price is super low and could be at a bottom.
3. BZWR may file their first quarter report, become compliant again and rejoin the Pink Sheets. If so, buying would become unrestricted and the share price could jump more than slightly back to earlier levels.

That's a few reasons how BZWR's share price could recover. But will they? I have many doubts that they will pull this off. Nobody knows if a combined IPSI/BZWR can succeed. Even if they do get together, I question how much IPSI shares that BZWR holders would get in exchange would be worth. All agreeing creditors plus the shareholders are to be capped at 40% of IPSI's outstanding shares, and that's few dollars spread among a huge number of shares. And, that's if the deal even closes, which is no sure thing.

At this point, we are just along for the ride. Selling on the Expert Market now is ludicrous, in my opinion.

Who is qualified to buy if retail traders may close (sell) only?

Under $20 dollar volume today so far. Just seeing liquidating sellers I guess. If some buyer does come in, I bet we find out there was a huge spread. Does anyone see a bid/ask? It's supposed to be unavailable to the general public, but some people have access.

I am considering making a buy over the phone if $0.001 can really happen. $1,000 for a million shares.

Is the Annual Report due soon?

The IPSI deal price of $0.0036 may still be realistic. BZWR now trades in a restricted market where selling is easy but buying takes extra steps that some may not be willing to bother with. I believe that the collapsed $0.001 price is caused in part by regulations that try to protect uninformed buyers from scams. Not a level playing field. The holders are pretty much stuck with waiting it out. Many times it has already become hopeless, anyway.

The fact that this uneven market shows $0.001 is not proof that $0.0036 is not doable in the merger deal. The news of the merger is at least hopeful that the companies can continue to operate, and normally that would send the share price up a little. We saw maybe some of that with price around $0.005 before the expert market took over.

What should the share price be? Well, book value is so highly negative in both IPSI and BZWR that whatever the price is today (if the market were unrestricted) is just a function of buyers betting that the companys' growth plans will succeed. Without that hope, the stocks should be $0.000001. And now we see what happens when buyers are cut off.

BZWR's highest priority seems to be to convert its debt into shares of something that would be acceptable to their lenders. So, they found IPSI, and IPSI has a business plan that is supposedly ripe to start producing major revenue. I have no idea if any revenue is coming, but they have products that are supposed to do that.

If the BZWR lenders agree, it looks like the debt would be converted into BZWR common stock. All of that new stock and all existing stock owned by us small investors would then be traded in for 40% of the total float (I guess) of IPSI shares. I am not very hopeful that the value of IPSI stock that we receive would start out anywhere near the value of BZWR stock before they fell into the Expert Market. If the value is too low, I don't see how the BZWR lenders would bother to agree to the plan. But, they might, because the alternative may be to have no further chance to collect on the debt.

Meanwhile, as of the end of September, IPSI's 3rd quarter, IPSI had $410 year-to-date revenue. They had $19,395 in cash. They had $5,052,344 current debt in the form of accounts and notes payable. Total Assets were $795,708. That is composed of $7,643,215 in liabilities and negative equity of $6,847,507.

I don't know how their share price can be around $0.20. It likely depends on the successful launch of their new products.

Good news that merger is coming, BUT here's a trader that can't buy:

Merger LOI just announced by BZWR 5:15pm yesterday.
Twitter.com

BZWR acknowledges IPSI Letter of Intent

Not surprised that the price sunk. Inconvenient to buy, but easy to sell, could wreck the price for awhile. Some say that they can't buy at all. If they think they can't, I guess they won't try. Plus, falling off Pink is bad news. I guess if you bought at $0.004 and sell at $0.002, it might be worth it to take the 50% loss. But, if you have been in longer, this is an awful time to sell in this market tilted against sellers where buyers aren't easily entering.

However, the IPSI deal is structured to exchange shares at a value of $0.0036 per share, if not modified and if the parties agree. So, I see the price returning if the merger succeeds, and probably going higher if the financial outlook thereby improves.

I think there will be red tape to get back into normal trading. Somehow, BZWR has been able to keep auditors and their SEC lawyer, so maybe required reports will be filed. I agree with those here that say a return may take months. I don't think it would be years in this case. Failed financing and bankruptcy would end it sooner, would be my guess.

IPSI might not be the only option. Maybe there is another interested party. That could explain BZWR's silence if they are not ready to announce how wonderful and desirable that merger would be.

The big downside, to me, is that BZWR needs to raise capital through investment and debt. On the debt side, I think the cost to borrow has been exceedingly high.

I agree that 1st Q was intended. Eighteen days (Feb. 29 to Mar. 18) to file 2nd Q is impossibly short.

Good news that BZWR can return to Pink quickly. They act like it will be simple: "Once the Q is done and registered then OTC will move us back to Pink Current."

Maybe somehow BZWR can do a short reapplication process or get their SEC attorney to find some kind of exception since there was a misunderstanding, they say.

You do great work, by the way.

Unless OTC Markets decides, "Oh! We made a Mistake!", it looks like BZWR is in for an application process that will take who knows how long:

According to Hamilton & Associates Law Group, P.A.: "Companies moved to the Expert Market from another OTC Markets tier can apply to relist on the OTC Pink or other OTC Markets tier by becoming an SEC reporting company, submitting a new Form 211, and meeting OTC Markets requirements for the particular tier."

At this point, getting IPSI shares in exchange for BZWR shares might be the better outcome. But maybe not by much.

Well, at least we have the biggest font on the 3-Hour Ticker Bizz Cloud here on iHub.

How they could expose themselves to such damage for being one day late is a great shame. I have seen grey/expert market share prices hold up, but I agree that there is a great risk for collapse when demoted.

The $0.0036 coincidence.

BZWR's share price may be stuck at $0.0036 for awhile if there is no action in the expert market. Somehow, that is equal to IPSI's announced "The principal and accrued interest under BZWR Note is convertible into common stock of BZWR at a price equal to $0.0036 per share, subject to certain adjustments and potential resets."

So now, how can BZWR want to announce a "deal" if their stock price has little chance of rising in the expert market because of a reduced number of potential buyers? What happens to share price if selling is allowed but buying is difficult? If somehow BZWR could have filed even last Thursday or Friday, they may have avoided this mess. How did the auditors not do what it took to help keep their client BZWR out of this trap? They couldn't have been unaware of this deadline, could they?

Sorry Diana15, the Board doesn't let me reply to two at once. I didn't mean to not give you credit for your input. Sometimes, when only two of us are active on this Board, I feel like I reply to you or follow you too often.

Anyway, I appreciate your experience and sharing of opinions and information. You were more accurate on your assessment of the 180 day rule than I was, when you came up with March 18. Apparently, OTC doesn't really mean 180 days. They mean 6 months. The two are slightly different.

We will see if it resolves quickly. Meanwhile, the first quarter report being overdue doesn't help.

Buy order not accepted at Schwab.

It came back with, "Your order cannot be accepted. This security BZWR is accepting closing transactions only. (DO911)"

The 3rd quarter report only said..this about Elev8:
"As of August 31, 2022, the Company entered into a note payable due to Elev8 Advisors for $75,000. This note bears interest of 17.97% and matures in
February 2024. The Company made payments of $43,059 to bring the note payable balance to $31,941 as of May 31, 2023."
I never saw anything about a dispute.

It looks like the 4th quarter is silent about IPSI, unless I missed it. Evidently, whatever has happened is not reportable as a subsequent event.

Up 36% on low volume today. News?

Maybe the share price is rather steady due to the 2/26/24 8-K setting a share price for purposes of conversion: "The principal and accrued interest under BZWR Note is convertible into common stock of BZWR at a price equal to $0.0036 per share, subject to certain adjustments and potential resets."

If this merger with IPSI succeeds, there seems to me to be little reason to continue reporting BZWR financials publicly. The Investor Relations department may still be pushing their usual cut-and-paste response on transparency and timeliness of reports, but they may not have the memo yet that the company is about to be swallowed up by IPSI.

There is disagreement on this Board about when the grace period will run out. If the formula is 180 days plus 15 days grace, the 180 days after 8/31/23 ran out on 2/27/24. Fifteen days after that is today. So, if there is no extra grace time or rule adjustment of some kind, we may not see BZWR stock quotes tomorrow.

Odd that almost no one wants to add or shed shares now that something big must happen soon. One or more of these events must happen:

The annual report must come out or BZWR will be demoted to the expert market.

Maybe they are even running out of time for the 1st quarter report.

The IPSI merger will be accepted or not.

Their assertion that "...we are dedicated to ensuring that our 10-K is submitted within a timetable that does not compromise our reporting status." will soon be proved to be a lie or not.

Any of these changes should affect trading, but no reaction has occurred. I am surprised that some are not getting out while they can still get $0.003.

Somewhere in their “transparency” they have deemed not to acknowledge that the LOI exists. I can see right through them…

Oh well, at least “expert” is better than “grey”, if they fail once again to meet their deadline.

Looks like endgame for BZWR.

I’ll say it again:

It comes down to how many IPSI shares will we get for each thousand BZWR shares. Today, if we get 14, we are about even. (1000x.003=$3, 14x$0.214=$3)
25 shares would put us back around $0.005. 50 shares and we would break one penny.

Would creditors or preferred shareholders stand for less than 14 IPSI shares for 1,000 BZWR shares? I guess we will find out.

I don't think it matters if BZWR goes gray, or what BZWR was doing back in August or November, at this point. It may all come down to whether this merger succeeds for us to have any stock to trade.

This deal may make creditor Keystone better off, and they appear to be on board instead of foreclosing or filing lawsuits:

Good points to make because both companies show poor results so far, but it looks to me like Rhett is all in. The note is already a done deal and also connected "with the LOI and the Proposed Transaction". I doubt that after having received the $158,333 proceeds Rhett would now want to walk out on the proposal. Perhaps that connection in some way explains why it costs $67,857 to borrow $158,333. But I don't know what was gained by that $67,857 original issue discount amount.

Some really fast and loose math:

If IPSI increases its issued stock to give BZWR shareholders 40% of the new outstanding shares total, I calculate that the dilution would make an IPSI share decline from around 22 cents to around 13 cents. If BZWR would be about 1/2 cent a share, BZWR shareholders would need one share of IPSI for every 26 shares of BZWR that they have now, to remain with about the same value of their investment.

Of course, this assumes that share prices remain about where they are now.

I have no idea what the rate will be set at, but BZWR apparently needs to convert its preferred shares and debt into common shares before this would close. I don't know at what rates the conversions would be. But BZWR share price has not moved one way or the other to anticipate this, so far.

Rhett foresees a super 2024 in a YouTube video posted at

IPSI dollar volume may finish over $10k today, but still no reaction in BZWR trading. If you want to get in before BZWR's public announcement of this deal, it looks like you still have a chance.

IPSI and BZWR have made the "1-Hour Ticker Buzz Cloud" in iHUB's "Hot" tab. For good reason! BZWR has found a way forward and IPSI can enter a new phase producing revenues.

60/40 ratio proposed:

IPSI's proposed acquisition of BZWR (IPSI's Form 8-K yesterday) has produced no trading interest as of a few minutes ago. So far this morning, IPSI is down a little with $800 in dollar volume. BZWR is down a little with $450 in dollar volume. Perhaps a press release would cause something to stir.

We..will see..how far momentum takes us tomorrow. Could be a wild day.

Was he referring to "paying the auditor"?