Wednesday, May 17, 2017 8:56:52 PM
BMXC was fulfilling and shipping the orders from Amazon - the Amazon shipping fees were meaningless and a very poor excuse as to why she stopped selling on Amazon.
Do you really want to get into the financials?
Gross Profit for the Quarter was only $4,893 - so just from operation BMXC had a Loss of $74,665 - keep in mind the revenue was only $24,960 for the quarter.
Losing money from operations is equally as bad as the COGS being greater than revenue.
Then you want to go into the inventory:
So what if they purchased more diapers than they could sale - diapers aren't fruit or beverages - there isn't a expiration date on them. Your inventory explanation doesn't fly with logic - seems it was created as you went along.
You omitted the following from the financials:
NET LOSS = $1,033,557 (not for the year but for the quarter)
Non-Operating Income (loss) Change in FV = ($715,318) Without any explanation in the Notes.
All but one of the Toxic Notes have been converted - there is one Note from December 28, 2016 (Crown Bridge Partners) that will mature on December 28, 2017 but since BMXC is a SEC filer under Rule 144 Crown can convert the note after 180 days.
Then you have 3 additional Notes at $384,000 that can also be converted after 180 days.
You are trying to put lipstick on a pig - but BMXC is still a pig.
IG
"The Hour Between Dog and Wolf"
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM