Saturday, May 05, 2018 7:33:24 PM
"the Convertible Notes amount of $302,750 due between October 19, 2016 and December 9 2016, had converted principal and interest due under the Notes to 423,754,790 shares of Common Stock"
Why do you think that the CEO increased the A/S from 500 million to 1.8 Billion in less than a year - it is to accommodate the convertible notes.
If the CEO was repaying the notes early there wouldn't be a need to increase the A/S.
From the 10-Q:
Principal Balance 2/28/2018 of Convertible Notes: Total = $982,525.
Bemax has more toxic debt than ever.
On 1/8/2018 the CEO increased the A/S from 1 Billion to 1.8 Billion shares.
Sorry, the CEO isn't repaying the convertible notes before the 180 days.
IG
"Are you gonna pull those pistols or whistle Dixie?"
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