Bemax Inc (BMXC)

[Gman2488]

There's about 293,000,000 shares that were given out for the converted loans starting around Jan. 11 it has been disputed that because of the OBV this theory is not happening. I've gone over this many times of how the market cap was heavily inflated because of the initial dilution. Sure the loans are paid/converted and everything is looking on the up and up. But all those shares are most likely being dumped into the market. It's fine and it's healthy for the company it just lowers the price. Some get scared and those not buy more. It's on the qb now so other institutions can get in. It's all perfect timing for the price to be walked down and the bigger players eat it up. Soon those shares will be flipped back to the market and everything will reset itself. The news will drop and the price will soar. Remember the company started with a measly $4000 which was equated to the initial 200 million shares the CEO held. Do you see where this screws with the market cap? $4000 and $300k or so in funding basically no revs until recently and market cap at one point was around 393,00,000 and brought back to the $12-15 million area and then back to about $5-7 million where quite honestly it deserves to be. This affects the charting I don't care what anyone says. Starting next week that market cap will rise again with more volume and higher pps healthy the way it should be. From that point on we will have a better understanding of the charts and the direction of the company.