Bemax Inc (BMXC)

[SAMadMoney]

Jiminey,

the A/S is the Authorized Shares currently available. Which is 500,000,000 shares. That means the company could release 198,359,164 in to the market without notice. This is an unlikely scenario since the CEO is trying to maintain .01 bid price to be eligible for uplisting to OTCQB.

A low Authorized Share structure is always better than billions.

A/S = 500,000,000
O/S = 301,640,836
Float = 251,640,836 (shares not held by insiders/employees)
CEO holds 50mil so O/S - 50mil = Float


The reason for the drop from the higher amounts i would assume was from the convertible notes. Those have all been converted.


I just did this pretty quickly so if anything is wrong/off feel free to correct.