Bemax Inc (BMXC)

[Cheds]

$BMXC UPDATE 3/13/17

Beautiful trading today, and really showed a lot of strength. The chart has stabilized and we are putting in higher lows again. It seems to me a whole new group of traders jumped back in on this dip, and we have about 30-50% of the original traders still here with us.

Now you can see the momo for Amazon building up and the drumbeat over the next few weeks should push this to .07-.10 range


UPDATED DATABASE OF DEBUNKED CLAIMS

Here are some of the false claims and attacks against the clean legitimate and safe company $BMXC


I recommend everyone do strong DD here, study the filings and come to your own conclusion.

CLIFF NOTES DD-
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129156914

Remember, this company is fully reporting, has no convertible toxic debt and and the TA is ungagged and has confirmed share structure.

What should give you great confidence in this play is that every potential red flag that has been floated has been debunked and shown to be false. What a great play!!!



Quote:


The share structure isn't accurate and now I know the CEO isn't honest or truthful - but I will provide a accurate O/S to those that will verify it

There is a huge problem with the accounting for the share structure.



STATUS = DEBUNKED AND PROVEN FALSE

From the company's PR

As at January 10, 2017, there were 451,640,836 shares
of Common Stock issued and outstanding following the above noted conversion of the convertible Notes, all as described above.

Then we have the REDUCTION in shares
that the CEO VOLUNTARILY restricted for 1 year

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%.


Now after some simple math lets see if the transfer agency confirms these figures



See where it says "verified by transfer agency" apparently the CEO was telling the truth after all

Quote:

There is no shorting

STST

STATUS = DEBUNKED AND PROVEN FALSE

Proof - Two words, interactive brokers



Quote:


There might not be any toxic debt at this time - but BMXC doesn't have many options
but toxic funding.

One look at the BMXC financials will cause any serious investors to run not walk away



STATUS = DEBUNKED AND PROVEN FALSE


Revenue for the six months ended November 30, 2016 totaled $115,153 compared to $65,219 for same period ended November 30, 2015.

"We delivered another quarter of revenue with distribution network showing sequential growth in line with expectations," stated Taiwo Aimasiko, President and Chief Executive Officer. She added, "We expect to see continued growth in sales as we start to benefit from new sales channels, as well as new distribution arrangements with strong distribution network."

Whats important with the revenues causing any serious investor not to "run away" is the basis of growth that this company is showing. Any serious investor understands a company that has only been in business for several years will deal with growing pains. What we have here however is a company that doubled its revs from the prior year...and then we have this:

Business Outlook - Third Quarter and Full Year 2016

For full year 2016, Bemax Inc. is increasing its outlook for revenue to a range of $3.5 million to $4.5 million, up from a range of $2.73 million to $3.3 million.

Thats a substantial increase from what was reported to what was filed but it then brings us to this:

Bemax Inc. Receives New Purchase Order for $1.1million Deliveries Starting in February 2017 to Be Completed in May 2017

This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax. Bemax expects to complete shipment of this order in Q4 2016, which set the company on track to meet its projected revenue for the current fiscal year.

Keep in mind the fiscal year 2016 for BXMC is from may 2016 to may 2017.

Bemax Inc. Receives New Purchase Order for $1.1million Deliveries Starting in February 2017 to Be Completed in May 2017

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. "This demonstrates commitment to our strategic plan to enhance and sustain shareholders' value and confidence in 2017 and beyond. The size of this purchase order clearly reaffirms the quality of our private-labels and eliminate the need for financing."





Quote:


all serious investors are fooled by the OTCQB designation



STATUS = DEBUNKED AND PROVEN FALSE


Well actually there are very good reasons on why investors will only invest in otcqb or higher and not touch the pink sheets.



Minimum bid price
test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
Quote:

The CEO claims to be a accountant - but in reading the financials it doesn't look like a accountant has been involved.


LUCKY FOR US ALL FINANCIALS ARE REVIEWED AND AUDITED BY THIS COMPANY...YES ALL FINANCIALS ARE AUDITED FINS!! So any qualifications the CEO has from her accounting days are extra but otherwise not needed[/color]

Service Providers
Accounting/Auditing Firm
FRUCI & ASSOCIATES, P.S.
218 N Bernard
Spokane, WA, 99201
United States




Quote:


I suspect the novelty of Alibaba's Chinese diapers will wear off soon



STATUS = DEBUNKED AND PROVEN FALSE

Some are claiming the diapers are from china...lets see what the CEO's response is to that however:

"Our private label are manufactured in China to our African markets- This is for obvious logistical reasons, and to reduce overhead costs and the Company to remain competitive especially at this early stage. Our private label brands for distribution in the U.S are being produce in the U.S where quality is superior."



Quote:


Here is a letter from the SEC concerning the last 10-K filed. It is obvious that the SEC is very suspicious of the activities of BMXC.
https://www.sec.gov/Archives/edgar/data/1613895/000000000016074177/filename1.pdf



STATUS = DEBUNKED AND PROVEN FALSE



This was scary until one looks closer...wait...its just a comment letter??? Whats that you ask...good question, heres your answer from wiki leaks

The letter will typically be informal in nature, and is done as a courtesy, saving both the company and the SEC time and frustration down the road, and protecting investors from any misleading or inaccurate information.

Letter Of Comment http://www.investopedia.com/terms/l/letterofcomment.asp#ixzz4ZnkFAAT0

Then ofcourse lets not forget the other scary letter circulating...here it is here



WAIT WHATS THAT DATE??? AUG 2014??? SO THE FACT THAT THE COMPANY HAS NEVER HEARD ANOTHER THING IN 3 YEARS FROM IT...SHOULD HELP ANYONE DECIDED THE IMPORTANCE OF IT LOL

FOR FURTHER EXTENSIVE DD PLEASE SEE THIS POST:
investorshub.advfn.com/boards/read_msg.aspx?message_id=128895556


Quote:


The CEO selling the shell to a real company - she has been exposed as a fraud.

Every serious investor understands that the OTCQB isn't uplisting but a pumping trick - not many are falling for it any longer.




STATUS = DEBUNKED AND PROVEN FALSE

I will remind everyone there is no evidence of this and if anything the more we uncover the more we learn how honest and stand-up this CEO is, building a company for the future.

The uplist/tier thing is gas lighting. Obviously it's GOOD to list better. Companies obviously work very hard to maintain their tier privileges on OTC.


Quote:


And many have tried to use the Amazon pump - it worked in 2014 - in 2017 not so much.



STATUS = DEBUNKED AND PROVEN FALSE

I will remind everyone that with a simple google search you can debunk this one.

Quote:


The $1.1 million contract has been exposed as fake - the CEO lifted the contract from another company - one of the first clues was the email address: [e-mail] bounced back - then I checked and the domain viscus.com was for sale.

Then I found the contract the BMXC CEO had used for the fake contract.



STATUS = DEBUNKED AND PROVEN FALSE

This particular claim seems to be made up out of whole cloth, with no evidence to support it.






My advice to all, do not trust anyone other than yourself. Do your own strong and thorough DD:

I will remind you
-Financials are audited
-Share structure verified by transfer agent
-Zero toxic debt
-Zero insider selling, zero preferred shares
selling
-Just uplisted to OTCQB
-Amazon launch just one month away

Currently the chart is extremely bullish folks and we just stabilized after a massive short attack last week and impressively are holding almost all gains. I think this is a sure bet for 10 cents by April 4th.


IMHO

Cheds