Why the A/S stays the same even though the O/S count was cut by a third:
The 150M shares were retired (back to the treasury and restricted; ie: cannot be sold or released or exchanged for at least a whole year), not eliminated. Their ownership was exchanged for 50M shares of Series B preferred shares (a new class of company stock) at a 3 for 1 ratio, where each preferred share can be exchanged back to common shares at a 1 for 3 ratio anytime AFTER ONE YEAR. So, in effect, those 150M shares of common stock which were retired are spoken for, but can't be reclaimed for at least an entire year. Until then, the A/S structure has to stay the same but the O/S count is cut by 1/3 (150M shares).
Re: the .0017 share price the toxic lender got for shares (not .0007 as you claim), that's the ONLY reason we were able to buy BMXC shares so cheap. These are absolutely the best plays in the penny market, when and where the toxic shares drastically lower the share price and at the time of full and complete conversion, material events occur and drive the SP up like crazy. (EWL* was another good case in point).
BMXC is different in that 1) there's a single person driving the company who doesn't take a salary from this company, so all $$$ toxicly borrowed was used to market the company's products (successfully as it turns out) and not pay exhorbitant salaries to several officers-in-name-only; and 2) no more toxic debt.
So the very facts you use to attack BMXC are the ones which are allowing its SP to continue to climb and climb and climb, and to make me and a lot of other people a lot of money.
