$BMXC,,, HUGE SURGE COMING NOW!
I'm done looking. I believe this will dip Tuesday & I will buy more!
BMXC wakes up! I think is about to explode! This is not a long term hold! It is a swing trade at best but a really sweet one.
BMXC has fallen from a dollar a share since September. It left a gap @ .40 mid October & another gap @ .20 4 or 5 days later. There's also a gap left @ .025 a couple of weeks ago.
BMXC was @ .07 Then the S1 that was filed in November for the registration of 25M shares for the funding from Kodiak Capital tanked the stock further. Management wrote the SEC about a week ago & suspended the S1 & the stock began a rebound. Excellent post by Speakeasy gives some good insight,,, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127271145
It's been said a perfect storm is brewing. That doesn't appear to be an understatement
A week ago it climbed back to a penny on heavy volume then gave it all back over the next 5 days.
Yesterday, Dec 24th, we bounced 60% & the RSI is still sitting at 15.03 WAY OVERSOLD! http://oracledispatch.com/2016/12/17/intriguing-case-bemax-inc-otcmktsbmxc/
I love this line from the last paragraph,,, "If there is so much as a breath of good news, the stock will be in orbit, even though it’s not easy to see what that might be at this point."
The company has informed investors that an update is coming after dilution is done & dilution is almost complete (over 70% complete). Company says when dilution is complete there will be 420m shares OS. The Director owns 182 million shares which are locked down! That leaves us with a very manageable 238m shares OS.
Toth writes the company & here's the following exchanges,,, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127395449
Maybe that's why GLED has been buying a lot of $BMXC shares
All day Friday Glendale Securities made no secrete of ongoing accumulation. If they sold any it was not even a fraction of what they bought. Someone is going through GLED to buy all the shares they can get & they don't seem to be fazed by the processing fees.
GLED Commission fees... $25 minimum or 4.5% of principal
Glendale Securities. usually only processes orders on stocks over .01 as stated on their website. I'm almost positive that's where this is headed. Multiple pennies! https://glendalesecurities.com/commission-schedule/
I've been reading the BMXC Board for days & instead of adding my input I decided to shut up & observe. There's some pretty seasoned traders writing what may appear to be hype but in fact has been very acute diagnosis as to what's going on. I'm in & it's not too late. Anything under a cent is a good entry.
Like I said this is very good for a swing trade at the very least. It's set up to explode!