Bemax Inc (BMXC)

[I-Glow]

Remember the Bemax press release about the $1.1 million contract from Bethel.

Bemax Inc. Receives New Purchase Order for $1.1million Deliveries Starting in February 2017 to Be Completed in May 2017

January 31, 2017) - Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today that it has received an $1.1milion purchase order for the supply of its private-label Disposable Baby Diaper from an existing client...

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 size of this purchase order clearly reaffirms the quality of our private-labels and eliminate the need for financing."

So much for eliminating the need for financing - more BS from the CEO.

Q4 2016 ended on May 31, 2017.

The BMXC CEO provided no explanation as to why the Bethel contract wasn't started/completed.

IG