Bemax Inc (BMXC)

[I-Glow]

You missed the point - the CEO repaid the December 2016 toxic convertible - from more toxic debt she promised investors she didn't need anymore toxic funding on January 31, 2017 but I'm March 2017 she started with the toxic debt once again.

Due to Rule 144 - all of the toxic notes are due in 180 days.

The new notes are due in the middle of September.

But like the $46,000 toxic note from December 2016 - the CEO received $40,000 so there was a $6,000 fee for the loan.

The CEO had to repay $46,000 plus interest at 150%

So for borrowing $40,000 (actual funds) - the lenders received $73,000 plus $6,000 = $79,000.

That is is 97% gain on investment and a 418% annualized ROI.

And don't forget this was repaid with additional toxic funding.

Real companies don't use toxic financing.

IG