Thursday, March 25, 2021 12:40:18 PM
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
Get ready scammers. Hell is coming to breakfast.
Recent BMXC News
- Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • InvestorsHub NewsWire • 08/07/2024 02:00:00 PM
- Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • InvestorsHub NewsWire • 06/24/2024 12:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM