Bemax Inc (BMXC)

[I-Glow]

I know about that 8-K and I pointed out it was complete nonsense.

Here you go a complete breakdown.

"On January 10 , 2018, Taiwo Aimasiko, Director of the Company, offered to retire and exchanged 40,000,000 shares of Common Stock of the 50,000,000 owned by her for an aggregate 40,000,000 Series "C" Preferred Stock that would protect the voting power and ability to participate in the future of the Company, while at the same time enhance shareholders’ value."

She stated the O/S was reduced from 428 million to 388 million.

But later in the 8-K we find:

"On January 8, 2018, Bemax Inc. (the "Company") filed a Certificate of Amendment with the Nevada Secretary of State (the "Nevada SOS") whereby it amended its Articles of Incorporation by increasing the Company's authorized shares from 1,050,000,000 billion to 1,800,000,000 billion."

Why would the CEO need to increase the A/S by 800 million if she was reducing the O/S?

Then we have where the CEO has real problems:

"On January 10, 2018, the Company’s CEO, Taiwo Aimasiko, exchanged 40,000,000 of her common shares with the Company for 40,000,000 Series "C" preferred shares."

The Preferred Shares have been issued so they are included in the O/S - so the O/S would remain the same.

IG