Replies to post #28814 on Bemax Inc (BMXC)

[I-Glow]

Nonsense! Read the financials on Revenue recognition. SMH!!!

6. REVENUE RECOGNITION

The Company’s revenue recognition policy is on a sales-basis method. The Company recognizes and records revenue once payment has been received and disposable baby diapers are delivered to the buyer.

Pre-payment Policy: All sales to our customers will be solely on a pre-payment basis. Once the order is completed and payment is received, we will place an order with the North American supplier of disposable baby diapers and arrange shipping directly to our customers. The process is expected to take three weeks to complete. The pre-payment will be recorded as deferred revenue until the delivery is executed.

In the last 10-Q there wasn't any Deferred Revenue - so there hasn't been any pre-payment...

And the CEO clearly states: "All sales to our customers will be solely on a pre-payment basis."

All should be able to see that. She has been true to everything she says. It takes money to grow the business and she borrowed it until she gets the 1.1M and pays it off with a hefty bankroll left to prevent further debt just as the pr said .

Shareholders are just creating a storyline that doesn't fit the facts.

IG