Ah, I remember having that some optimism as you do. I've been an investor of BMIX for about 6 years now. I can tell you, this has all been said before. I can't tell you how many times I've seen some new folks show up and say....the past is the past but the future is looking promising. Heck, I've even defended this company from others saying the very same thing.
I've reached the point where I've heard it all before too many times. Paydirt is just a couple of quarters away...then when the quarter comes, it's....well, I didn't expect much that quarter but next quarter will be different. No more for me. Marc the A-hole, does not know how to run the company. We are his investors. I, at one time owned more than 1% of the stock. I've since been diluted to under .5%. The investors deserve to know what is really going on and not what the pipe dream is. He stated that BMIX would be cash flow positive by 2nd Qtr 2017. Well, here we are. That PR you all look forward to? It is just going to be more promises about what the future holds. I would like to know how we were supposed to be cash flow positive by 2nd qtr. Were we pulling gold out of the ground and it would be 2nd qtr before we sold it for revenue? Nothing. Not a GD thing. This guy puts out a PR if his fart smells like it may produce a buck or 2. They haven't unearthed anything. Why can't the CEO simply state how many grams of gold they have pulled out of the ground in the last 6 months? I'll tell you why...because the answer is they haven't gotten any. So, you enjoy your PR about the promising quarters that lie ahead, but I can tell you this.....you will be saying exactly what I'm saying after hearing the same song and dance for 6 years. I am done with BMIX. I have no trust in Marc's ability to run the company. All he can do is generate debt and dilute his investors without giving them any updates on what is going on.
Marc, how about simply answering these easy questions that any CEO should be able to answer for his investors:
1. How many GRUs are currently running?
2. How many grams of gold/diamonds are they pulling per week?
3. How much money are you getting from royalties from Jupiter?
4. and finally....why did you say we would be cash flow positive when you had no information or facts to even suggest that we might be?
Telling your investors what to expect should be due to facts, not just hoping things will get better. You don't tell your investors you will be cash flow positive when there is no more evidence that you can pull gold out of the ground than there was 2 years earlier.
Sorry if I sound angry, but I am. This guy has lied to me for over half a decade with my money on the line.
