Brookmount Exploration Inc (BMXI)

[twiztedtriple6]

I was reading through the REG A filed in March 2022 that Nils referred to during the previous conference call and came across this:

“ The company will make the following payments at the following times to Gennex with respect to the purchase of the Assets as describe in Note 6:

- $50,000.00 USD to Hartley payable on March 15, 2022
- $93,000.00 USD to Hartley payable on March 31, 2022
- 250,000.00 USD to Hartley payable on June 15, 2022.
- $250,000.00 USD to Hartley payable on December 15, 2022.
- $250,000.00 USD to Hartley payable on June 15, 2023.
- $750,000.00 USD to Hartley payable on December 15, 2023.
- Or as otherwise agreed to in writing by separate amendment between the Parties.”

No wonder the company has been diluting so hard lately. At the time of that filling BMXI had roughly 17 million shares outstanding. They currently have a little over 61 million. The company paid an analyst to write up a research report and a 6 dollar price target to drum up retail interest and sold over 40 million shares off of the back of it point blank period.