Bemax Inc (BMXC)

[neverselling]

Justification? Well, here's what I see here. I was here 4 years ago and got stuck, just like some of you are stuck now. I was glad to have sold in this recent run up, but I am still keeping my eye on this anyway, mainly because I was in it for 4 years holding the bags.

The reverse split is not so that the stock price will run. It's so that in another 2 or 3 or 4 years she can promote it again and sell tons of shares into it again. I'd be willing to be there will be silence for a long time here. A couple years down the road you'll see the share price rising slowly, then all of a sudden one day there'll be millions of shares traded in one day. That's when the CEO will be selling shares back into the market. She'll do this a few times, then do another reverse split.

I am no expert, I just got burned and hopefully learned my lesson. Some of you are in the same spot I was in 4 years ago. I'd suggest using it as a learning experience and hope to not fall for similar tricks on other tickers.