Bemax Inc (BMXC)

[Corndog2hot]

Questions with more questions for answers....

Can you explain why the CEO then proceeded to obtain another $384,000 in toxic debt?

I can, but I bet you won't like the answer.

Accordingly, our ability to pursue our plan of operations is contingent on our being able to obtain funding for the development, marketing and commercialization of our products and services. Bemax Inc 10Q

You think the obtaining of the notes is a bad thing for the company. Let's be real here, I'm here because I think I can have potential gains from this company. I still can't figure out why you are here... So, at first glance I thought obtaining more notes was going to be bad for me and for the shareholders. But than she emailed me stating this.

From the company's perspective strategic partners are creditors that are positioned, ready and willing to provide ongoing funding to the meet the company mid to long term marketing and expansion objectives. The overall goal of a strategic partner is to work with the company through continuous funding, with ultimate beneficiaries being the investor, the company, as well as the shareholders.

Than she tweeted this.

The benefits for the company and shareholders over the mid-long term significantly outweigh the cost of the notes.Bemax inc twitter

Funds from convertible debt are being used to implement the company's business plans. Bemax Inc twitter

Oh but there's the ole dilution, I think I'll worry about that more down the road.

Yes she had a net Loss for the quarter of $1,033,557. But she brought it down in cash flows from operating to ($256,132). You forget to mention that.

I agree with you she should've put in a note stating the ($715,000) just so you're not lost...