Tbh I have no idea about the $715,000 and neither do you or you wouldn't have asked it.
I do know why the revenue was only $24,000.
The Company had $24,960 in sales for the three months ended February 28, 2017 compared to $246,119 for period ended February 29, 2016. This reduction is due to inability to secure viable and less dilutive financing to effectively finance purchase orders.
I do not know if the financing she recently got is less dilutive. But she did get viable financing. So, I would expect to see increases in purchase orders and her able to fulfill them with ease.
You sit there and type and you're trying to convince me that this company is not growing. I invested in this company at the beginning of the year, before she even started to tweet. The numbers are slacking I agree with you on that, but the press releases and tweets are showing us something completely different.
The third quarter that you keep posting bad news about, that quarter consists of the following months December, January, and Frebruary. In those months let's see if anything big happened.
On February 28, 2017 Bemax inc entered into a Private Label Manufacturing Agreement with NADC.
On February 10, 2017, the Company filed an application with OTC Markets Group to Uplist to the OTCQB.
DALLAS, GA--(Marketwired - January 31, 2017) - Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today that it has received an $1.1milion purchase order for the supply of its private-label Disposable Baby Diaper from an existing client, a major distributor of the Disposable Diaper in the emerging South and East African markets
On January 24, 2017, the Company's Board of Directors approved the retirement of 150,000,000 common shares own by the Company's CEO, Taiwo Aimasiko, effectively reducing the Company's total common shares issued and outstanding by 33.21%.
On January 24, 2017, the Company's Board of Directors approved the retirement of 150,000,000 common shares own by the Company's CEO, Taiwo Aimasiko, effectively reducing the Company's total common shares issued and outstanding by 33.21%.
As of January 4, 2017, holders of Bemax Inc ("Company") Convertible Notes due between October 19, 2016 and December 9 2016 (the "Notes"), had converted principal and interest due under the Notes in the aggregate amount of approximately $256,200 to 145,762,920 shares of Common Stock. The Notes were originally issued by the Company between the periods of April 19, 2016 to June 9, 2016 at an aggregate original value of $302,750.
Effective December 1, 2016, the Registrant dismissed George Stewart, CPA ("George Stewart"), which did audit Registrants year-end financial statements for the year ended May 31, 2016. The change in the Registrants auditors was at the instance of George Stewart as he commence his transition to retirement and approved by the Board of Directors of the Registrant.
In those press releases nothing really interesting besides the uplisting and the $1.1 million dollar purchase order. The uplisting, I remember we had gained at least 90 to 100% on the day. Other than that nothing special. The awesome thing though, we have yet to see the big PO on paper. I have faith we see it on the 10k, that is due at the end of the month. Imagine if we gained that much from uplisting, now imagine seeing the numbers increase on the 10k, people would go bezirk because the price now is under valued.
Now look at the recent press releases after that 10q was released. They are much more juicy! I won't post them here because I think I said enough.
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