Replies to post #32153 on Bemax Inc (BMXC)

[Addiecaps]

Every company is required to list all risk factors on their financial filings so that potential investors will know what the risks are of investing in the company. It doesn't mean they will ever happen or that they are more likely to happen now than in the past.

[I-Glow]

What you missed once again - is that the CEO used more toxic debt to repay old toxic debt.

The CEO obtained $384,000 in toxic debt - and repaid a $46,000 convertible note - where BMXC received $40,000 and had to repay the $46,000 plus interest at 150%.

This was a very poor decision on the part of the CEO - I guess it tricked a few noobie investors - but using new toxic debt to repay old toxic debt is a very poor management decision.

IG