Replies to post #29970 on Bemax Inc (BMXC)

[jimbosskow]

Now this is a great post!

[Luckybstrd]

Maybe a mod could sticky this

Thank you corndog

[Corndog2hot]

Can a mod sticky this?

[I-Glow]

Do you really want me to post my research about the CEO and the Accounting degree - because it isn't evident from any of the BMXC financials. What the Hell I am going to have to post the extensive research about the identity of of Taiwo Aimasiko.

BMXC was fulfilling and shipping the orders from Amazon - the Amazon shipping fees were meaningless and a very poor excuse as to why she stopped selling on Amazon.

Why they are not on Amazon. They are currently working on lower shipping costs towards there customers. The price for Amazon shipping.
Order Type Same-Day Delivery Price
Prime customers - Eligible orders over $35* FREE
Prime customers - Orders under $35** $5.99 per order
Non-Prime customers** $8.99 per order plus $0.99 per item

Once again, BMXC was a FBA customer on Amazon - their order weren't fulfilled and shipped by Amazon - why post this as it is germane to what BMXC was doing.

Do you really want to get into the financials?

Guys what you can look for is the total current assets almost doubled the total liabilities. Also, I*Glow you where also built on this memo of COGS being higher than revenues. Revenues is higher than COGS on the current 10Q.

Did you bother to look at the Total Operating Costs = $79,558

Gross Profit for the Quarter was only $4,893 - so just from operation BMXC had a Loss of $74,665 - keep in mind the revenue was only $24,960 for the quarter.

Losing money from operations is equally as bad as the COGS being greater than revenue.

Then you want to go into the inventory:

As for bad inventory, i had to look it up. It's most likely a timing issue or they purchased more diapers than they can sell, it could be both.

Please show me a entry in the financials where they purchased any inventory.

So what if they purchased more diapers than they could sale - diapers aren't fruit or beverages - there isn't a expiration date on them. Your inventory explanation doesn't fly with logic - seems it was created as you went along.

You omitted the following from the financials:

NET LOSS = $1,033,557 (not for the year but for the quarter)

Non-Operating Income (loss) Change in FV = ($715,318) Without any explanation in the Notes.

All but one of the Toxic Notes have been converted - there is one Note from December 28, 2016 (Crown Bridge Partners) that will mature on December 28, 2017 but since BMXC is a SEC filer under Rule 144 Crown can convert the note after 180 days.

Then you have 3 additional Notes at $384,000 that can also be converted after 180 days.

You are trying to put lipstick on a pig - but BMXC is still a pig.

IG