Bemax Inc (BMXC)

[penny.dreamer]

You might want to reread the 8k. BMXC entered into a payment agreement for $200k and gave them 20M in restricted shares ie cannot be sold at this time.

Do the math 20M shares x current price .0024 = 48k. The lender would lose money. Try 20M shares x ".01" = $200k. BMXC said several times NO toxic notes. They are expecting the PPS to be much higher than the current price. GL

On March 1, 2021, Bemax Inc. (the “Company”) entered into a Payment and Supply Agreement (the “Agreement”) with Prince S. Odigie of Blence Esentials Inc., a U.S. Corporation (the “Supplier”). Pursuant to the Agreement, the Company will purchase its new private label brand of disposable diaper from the Supplier totaling $200,000 in a private labeled format and packaging not trademarked by the Supplier. This Agreement relate to the new private label brand of disposable diaper to be introduce by the Company in 2021. The term of the Agreement is valid till March 31, 2024 or until terminated with mutual written consent of both parties. The new private label brand will also be available on Blence Esentials website. The Company shall make payment of $200,000 to the Supplier on or before the due date of March 30, 2021 with issuance of twenty million of its restricted Series “A” Preferred Shares.