One more thing...I never said this stock is a scam. I actually believe that it is not a scam but the players are shady, that is, the government officials who are buying in at the moment. But I guess the more the merrier.
The commitment is 2.5 million dollars. That is the good part. The additional 2.5 million, we will find out later will be purchased at the same price, maybe when the stock is up in a year or two. Then they will do a cash out. Buy the stock at the low price and sell into the market immediately as long as the proper paperwork is handled prior to the cash out.
This is a good thing I guess. 2.5 million is a good start for funding such an operation. I know we have had funding in the recent past and I for one stuck up for the company during or rather after that round of funding occurred. The fact is, an exploration company needs money to survive since we do not produce anything. I am trusting in the CEO in that he plays his hand in favor of the shareholders This is a risk. Talk is cheap. A little ink and a few pieces of paper is all he needs to scam everyone. But I do not think that will happen, at least I am hoping. I promise to buy 1000000 shares once I am confident again in the performance of the industry group as a whole and then this ticker.
I had a couple million and sold very nicely on the last rally. I will hold 100k shares until I am more certain.
I did also buy at the close and sell at the open, along with the insiders who needed to raise cash over the past few months. I quit doing that recently. I am hoping the intense down trend chart pattern we are locked in will come to an end soon.
Just my thoughts. 2.5 million is a good sign. I am in another ticker that just got 50 million in funding. So 2.5 is nice but if the outsiders really believed in BMIX then they would be throwing money at its.
Just keeping it real.
Peace
