Bemax Inc (BMXC)

[wiredawg]

That 33% reduction was not really a share reduction. What she really did was pay herself $1.5Mil at the cost of the common shareholder and printed a press release as if she was improving the stature of the company.

BMXC has deficit of over $400k and loans will be due this month and the coming months...

Even if this $1.1 MIl order is legit, what's the actual profit compared to the cost. So unless she actually take the $1.5Mil she paid herself and reinvestment the total amount in this non-profitable business it will continue to be a money pit...and that's the best scenario.

I'm guessing she will have to increase A/S this year for additional convertible notes...as she pretty tapped that piggy bank. In order to fill the next order if there is one...

So if you were lucky enough to ride this from sub-penny levels to full copper levels consider your profits.

Not bashing...just food for thought for those thinking "to-da-moon"...from .02 levels...something really big will have to happen an actual buyout, which is probably improbable since there really isn't a brick and mortar business. Just some out-sourcing and using "labels" (natural, bio, earth friendly)...