Replies to post #16 on Bemax Inc (BMXC)

[Cavs2015]

I didn't see any toxic financing. I assume they increased the Outstanding Shares to be able to issue shares to raise cash but I haven't seen any filings to state that hey have done so. They did have $500K in deferred revenue that was supposed to be collected in the 4th quarter so that should satisfy much, if not all, of their short term cash needs. The owner could be issued more shares for his services or for additional capital he may put it in, however, doesn't seem like he is selling any shares. He owns 78% of the shares at this point