Replies to post #78878 on Dewmar International BMC Inc (DEWM)

[DallasInvest]

Yes they did file the 30th I just checked.

[Euripides90]

11/22/13 is the last filing from DEWM I can find anywhere incl. Edgar:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9631717

The 84,545,454 shares of Common Stock owned directly by Magna were acquired by Magna pursuant to the conversion of a $11,300 Convertible Promissory Note that was assigned to Magna from a third party. According to the agreement, Magna may, at any time, convert to a maximum conversion right at any one time to 9.99% of the then outstanding shares of common stock of the Company.

Mr. Sason is the Chief Executive Officer of Magna and owns all of the membership interests in Magna. Accordingly, Mr. Sason, subject to the limitations of the rights described above, has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of all securities owned directly by Magna, including, without limitation, the Common Stock. Mr. Sason does not directly own any shares of Common Stock. Under Rule 13d-3 under the Exchange Act, Mr. Sason may be deemed to beneficially own the shares of Common Stock owned directly by Magna. Magna is not a registered broker-dealer, and neither Magna nor any of its affiliates is an affiliate or an associated person of a registered broker-dealer.


Sounds like a good deal for Mr. Sason: I'd sure like to be a toxic financier too, like Ironridge etc. etc. instead of a retail investor!

If DEWM has filed updated fins on Friday we should see them Monday.

Their 10K (notification of late filing) has not been updated.


To Schweinmeister #78921:

Agree that it's DEWM/ Marco's lack of shareholder communication that spawns this kind of board "foolishness." People are desperate to believe that they'll recoup their money in spades and find reasons to justify co's delay: actually giving Marco the benefit of the doubt in general. Except of course for those who WANT the stock to tank so they can buy cheap, ur right...

then there are the Sierra's known to foment rumors to create spikes they sell into (whether they ever believe their own rumors, who knows). Few posters or 'pundits' have no ulterior motive, they want to sell high or buy low -- it's the company's JOB to put out the facts. Since Marco does put out PR's from time to time IMO he does understand that however seems to have taken criticism too personally.