Bemax Inc (BMXC)

[I-Glow]

The dividend rights have absolutely nothing to do with the non-dilutive clause in the Series A Preferred Shares.

That is the key to understanding that there is going to be a settlement with JSJ - the preferred shares convert into 150 million common shares after the rule 144 - 180 days.

To make the stock valuable to JSJ - the reverse split will happen before the 180 days and the Series A shares are immune from the reverse split.

The fact you don't understand what Bemax is doing is meaningless - everything about Bemax I have called with 100% accuracy and I am right about the 8-K.

You are focusing on the dividend rights - which mean nothing since Bemax isn't going to provide a dividend.

Here you go - one more time:

"In the event the Common Stock of the Company is split (reverse basis) after the date this Certificate is filed with, and approved by, the Secretary of State of Nevada, then the voting and conversion rights of the Series A Preferred Stock shall not be adjusted to reflect such reverse stock split."

Bemax is announcing there is going to be a reverse split - choose to ignore the facts as it doesn't matter to me but your investment is going to be wiped out.

IG