Atlas Lithium Corp (ATLX)

[ImOnABoat]

I've been away for a couple of days, but it seems like recently the conversation has shifted towards the image of Marc sitting behind his desk and enthusiastically clicking the "sell" button on all of these shares we see on L2, with the proceeds being somehow deposited directly into his checking account. Come on guys, let's keep it real! I hate the current PPS as much as the next guy. With 100+ million shares to my name, I have more reasons to grumble than many on this board. But the reality is such that the notes converting now were issued many months back, and the proceeds from such notes did not go into Marc's pocket either -- they went to pay the company's bills, as detailed in the filings. In fact, one of the major expenses that has to be paid is being a public company to begin with! It is publicly available information that the company pays something to the tune of $20,000 per year for the independent accountant and another $40,000 for independent auditor, etc etc. These bills had to be paid somehow while the company was building the foundation that would allow it to become cashflow positive. This goal is as close as ever, in my honest opinion.

This is a company that is transitioning out of the developmental and into the profit-generating stage. It was risky to buy before, and it is still risky to buy right now, but the reward, should BMIX succeed, is proportional. There is no scam here -- the company is fully-reporting and has been very transparent with their numbers. There is no conspiracy here -- anyone who thinks that the numbers do not add up should just contact the company and ask them why. I did. And it turns out that, for instance, the number of debt-to-equity conversions quoted for the third quarter is so high because it also includes some debt converted off of the books and into the hands of LONG-TERM investors who have expressed their committment to hold such shares long-term. Anyone who is serious about BMIX, and considers this stock their long-term investment rather than a quick flip, should contact the company and ask them the questions they feel need to be clarified. Many posters on this board have taken advantage of this opportunity, including me.

BMIX is as real of a company as it gets. But, of course, it is a high risk / high reward investment. Folks should consider whether such set-up is for them before buying in. DD below is real, and the long-term potential is real. Despite how gloomy things may look on L2 these days, I will continue adding shares at this laughable valuation, especially now that the CEO has reassured us against the R/S.

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