Thursday, February 29, 2024 11:26:18 AM
Check the companies they are doing business with?? PR's mean nothing, only results matter.
The acquiring company had gross sales of $282 for the 9 months ended 9/2023.
Obviously they aren't doing much business and neither is BZWR.
As a matter of fact BZWR is doing much more business than the acquirer.
The acquiring company also had a 10.2 million( loss) in 2022--- negative stockholders equity of(6.8 million) with limited cash. Not a good Balance Sheet. Neither does BZWR have a good Balance Sheet and is losing money.
This proposed merger helps IPSI much more than BZWR.
So why would BZWR ( a bad company) go to be part of another bad company?
There has not been any favorable reaction to the proposal with either company-- none. The investment community is NOT impressed!
I would like to see BZWR straighten out the company on its own. They have to get operating expenses under control, obviously increase sales, reduce debt, and turn a profit.
By the way, I do not believe Rhett will accept the offer nor will the stockholders of BZWR.
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