Bemax Inc (BMXC)

[I-Glow]

Did you read the definition of a development stage company that you posted?

"A development stage company is characterized by its focus on early-stage business activities, such as research and development, market research or construction of manufacturing facilities"

BMXC has been in business since 2012 - they are selling diapers - BMXC isn't involved in R&D - they purchase and resale the diapers.

You posted: "Ameritrade summarized Bemax as a development stage company..a development stage company is defined as DEFINITION of 'Development Stage' A company that is in a preliminary or early state of its corporate life. A development stage company is characterized by its focus on early-stage business activities, such as research and development, market research or construction of manufacturing facilities.”

BMXC would fit the definition of a Stage 3 company - "your business should now be generating a consistent source of income and regularly taking on new customers. Cash flow should start to improve as recurring revenues help to cover ongoing expenses, and you should be looking forward to seeing your profits improve slowly and steadily."

You might as well say that BMXC is a Blank Check company.

IG