Saturday, June 05, 2021 9:13:04 PM
1.Bauman family funds the operating expense of BONZ to maintain its pink status without diluting shares, unlike many other OTC companies which fund operation by convertible debts resulting in significant dilution.
Since they took over BONZ management in 2017, they used their own money of $10k yearly to maintain the pink status without diluting shares, so far the total operating expense of $432k was paid by Bauman family (Riverbrook Industries Corp) as a loan. If BONZ fails, all of their time and money go down the drain.
2. Bauman family holds most of preferred shares
BONZ management wants BONZ to be successful much more than us investors since they hold most of the preferred shares and have not sold a single share even in recent highs at .035.
3. BONZ management waits for favorable gold price to move forward, they keep silence for good reasons.
BONZ management “has worked hard over the past several years to maintain and grow its properties so that it will be in a position to move forward in an environment of favorable gold prices”.
Gold price is important factor for them to consider when to move forward to form joint partnership. As gold price keeps going up, time is close.
see Page 9 & F-1 in latest quarterly report.
https://backend.otcmarkets.com/otcapi/company/financial-report/282693/content
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