Now that you've read Shazbat's post may as well continue reading the rest,,,
Right now there's about 300 million OS after the CEO took 150 million of her own shares & converted them to 50 million preferred & locked them up for a year! She also owns another 50 million common shares. We're pretty sure the float is around 250 million & there's a lot of savvy investors that are playing this long.
One of the things that drew a handful of risk takers in the first place was because she backed out of a deal with Kodiac on or around December 7th, that would have given her $2.5 million. But she realized they would have diluted her into the ground. At that point she still had dilution going on. However true to her word she told us when the last of the notes were converted & DID NOT TAKE ON ANY MORE TOXIC DEBT! She notified us via an 8K.
StockWhale has done some excellent detective work! Read his following information,,, .................................................................
"Alright so it seems the CEO's husband works for Hygiene Products Company in Qatar that manufactures you guessed it diapers and sanitary products. Here's an investment company on Qatar that has a large investment in them description of the company:
The Company is a manufacturer of globally patented, specially designed adult diapers, sanitary napkins and baby diapers for the best fit & comfort, offering freedom of movement with high quality absorbent capacity.
I used the FB of the CEO and the Instagram of the company to find the link between the CEO's company and the company the husband works for that is a huge manufacturer of these speciality diapers.
It seems plausible she might have struck a deal with the company through her husband in order to actually manufacture her own diapers.
At first I thought it was a reseller website, selling products from other websites, but now I think we have something much much bigger than any of us suspected!
More DD to come."
Company website: www.hpf-qatar.com ...............................................................
Accumulation/Consolidation continues prior to next move UP!
Sometimes when things are so obvious, it's because they're exactly what they appear to be!
The CEO communicates her agenda with shareholders then updates with 8Ks to confirm she has followed through.
Some examples,,, She converts 150 million of her own shares to 50 million preferred & locks them up for a minimum of one year. Then she drops an 8K! Then another 8K Thursday to confirm the Final paperwork is in for the reduction of the O/S by the CEO!
All toxic notes have been converted & no more toxic debt is taken on. Then she drops another 8K! This appears to confirm what she told us & is all part of the plans to Up List.
No doubt we will get an 8K when she follows up on the Up Listing.
Not that we'll need it but you can bet we'll get another 8K on or around April 4th when the company begins selling on Amazon.
Now consider the implications of her last PR,,, ...................................................................
Tuesday, January 31 2017 10:00 AM, EST Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today that it has received an $1.1 milion purchase order from an existing client, a major distributor of the Disposable Diaper in the emerging South and East African markets.
Taiwo Aimasiko, CEO of Bemax Inc. "The size of this purchase order clearly reaffirms the quality of our private-labels and "eliminate the need for financing." ...................................................................
Those excerpts are all I needed to read.
Think about that, "eliminate the need for financing!"
Okay, maybe she's just talking about this one deal,,, But if she doesn't need financing she must be pretty damn close to CASH FLOW POSITIVE!
That implies to me that she's not real far off from reporting EARNINGS. Not revenues,,, earnings, as in actual profits!
investingnotgambling Thursday, 02/02/17 08:15:03 PM Re: lipster post# 11601 Post # of 12034
"I said it before and I'll say it again...yes, and they already have! The $1.1 million purchase order is going to ensure no financing is needed. How huge is that?
Also, she stated, "This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax." First tranche...meaning more expected.
The revenues and positive cash flow are just beginning folks. If you're waiting for this to be uplisted or for product to be on Amazon, you're going to look back and think "why didn't I buy some shares back in January?" I'm glad I'm in big-time on this one. I along with many others here will not be the one's looking back saying "what if..." ..................................................................
OTC stocks in the penny neighborhood don't generate profits. If they did they wouldn't be trading in the pennies anymore.
I have a feeling this stock, BMXC, will not be trading down here at less than 20 cents a couple months from now,,, not long before our CEO reports the first profits.
Keep in mind that the stock has a 52 week high of a little over a dollar. At that time the stock had just a little less outstanding shares but no where near as good fundamentals that we enjoy now! Investors here agree we will not be shocked if it climbs right back to those levels.
So if you read this today, spread the word. You don't have to waste time hoping this stock goes UP! That's a foregone conclusion!
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