Replies to post #28372 on Bemax Inc (BMXC)

[I-Glow]

Convertible death spiral financing - the death of all OTCM companies.

IG

[KeepItRealistic]

384k to be precise.

Page 15 of 10q

None of which are due until the standard 6 month restriction.

And there is always the option to pay them off within a certain time.

So panic selling on that is a tad premature.


"SUBSEQUENT EVENTS

The Company has evaluated all events and transactions that occurred after February 28, 2017 up through the date these financial statements were available for issuance. It has been determined that the following events need to be reported.

On March 20, 2017, the Company authorized and issued a Convertible Promissory Note in favor of Crown Bridge Partners for $114,000

On March 27, 2017, the Company authorized and issued a Convertible Promissory Note in favor of JSJ Investments, Inc. for $125,000.

On April 4, 2017, the Company authorized and issued a Convertible Promissory Note in favor of Auctus Fund, LLC for $145,000."