Bemax Inc (BMXC)

[I-Glow]

Anyone for $39 per month can setup a storefront on Amazon and the same nonsense for Walmart.com.

I heard the same BS during the first pump.

Bemax isn't a real company.

Bemax isn't registered as a business entity with the Georgia SOS. Which means they are operating illegally.

The Bemax diapers are doing very poorly on Amazon:

Mother's Touch Disposable Diaper Economy Pack Plus- Size 3 (Medium) : 6 Bag/Pack (240 Count), (12-24LBS)

#271,085 in Baby (See Top 100 in Baby)
#26,282 in Baby Diapering Products

Those numbers are pathetic.

Also from Amazon we find:

"Detailed Seller Information

Business Name:Taiwo Anike Aimasiko

Business Address: 625 Silver Oak Drive Dallas, Georgia 30132

Absolutely nothing about Bemax.

And the Bemax products don't have 34,000 reviews - that is absolutely not true.

Post your DD to prove that Bemax has 34,000 reviews or ratings on Amazon.

It is complete BS that Bemax is doing a stock repurchase or buyback.

For a buyback to be legal, a company doesn't have to show profitability (but it certainly helps). What they need to have is net assets after accounting for the Company's liabilities and any amounts due to preferred shareholders. The reason is that a stock buyback is considered to be a distribution to common shareholders, and by law, they are only allowed to distribute assets to common shareholders that are actually owned by common shareholders. And common shareholders only own the assets that are left after all debtors and creditors are paid in full and the preferred shareholders are satisfied to all amounts due to them (in many cases, that would not only be unpaid dividends, but also any liquidation preferences, which can often be very large - up to multiple dollars per share). 

And, by law, the Company is required to prove they satisfy the legal requirements by publishing current financial statements that are prepared under US GAAP (for US companies). For many of the non-SEC registrants that pay OTCMarkets to publish their non-compliant financial statements, that is significant issue. 

IG