Bemax Inc (BMXC)

[Luckybstrd]

Hi Iglow,
Thanks for the response
Lets take a look.
The purchase order press release dated January 31, 2017

http://www.marketwired.com/press-release/bemax-inc-receives-new-purchase-order-11million-deliveries-starting-february-2017-be-otcbb-bmxc-2192295.htm

"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. "

The 10Q filed April 21, 2017 page 17.

“The Company had $24,960 in sales for the three months ended February 28, 2017 compared to $246,119 for period ended February 29, 2016. This reduction is due to inability to secure viable and less dilutive financing to effectively finance purchase orders.”

A purchase order is NOT a check. It is an agreement to purchase goods, between buyer and seller.