Bemax Inc (BMXC)

[maz1978]

Can you explain this to me for bmxc? Their buyer doesnt seem to exist and theres no filing for the restricted shares? Bethel Imports Margeting(the buyer) only seems to exist in their PRs?

Got this email earlier...thought it was worth reposting considering I am sure many others are also seeing it this morning.

Bemax Inc. Retires 150 Million Common Shares of Company Stock, Reduces Issued and Outstanding Shares

DALLAS, GA -- (Marketwired) -- 01/25/17 -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today its CEO, Taiwo Aimasiko, has voluntarily retired 150,000,000 Common Shares of the Company's Stock for 50,000,000 Series "B" preferred shares effectively reducing the total issued and outstanding common shares by 33.21%.


First here is the form 4, the 8k, and even the PR on it

https://www.otcmarkets.com/stock/BMXC/news
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11819587
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11808665
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11796770
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11794725

As far as the buyer not existing....that one is just classic. We have been doing business now with them for several years and they continue to buy larger amounts each order...this last one being for 1.1 million dollars.

DALLAS, GA -- (Marketwired) -- 01/31/17 -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today that it has received an $1.1milion purchase order for the supply of its private-label Disposable Baby Diaper from an existing client, a major distributor of the Disposable Diaper in the emerging South and East African markets.

https://www.otcmarkets.com/stock/BMXC/news

ONLY WAY SOMEONE COULD NOT FIND THIS INFO IS IF THEY JUST CHOSE NOT TO LOOK

The email ended with them claiming they would be selling their shares...Thank God!!!