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Thursday, February 29, 2024 11:26:18 AM
Do your research, look thru the PRs and check the companies they are doing business with.
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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