Replies to post #32569 on Bemax Inc (BMXC)

[ToddM]

Very much appreciated you fielding answers to the exact same questions which have already been answered..Bemax is in its infancy and the future looks amazing..! Im very lucky to have bought it at this very low price and look forward to great things in the future.

[I-Glow]

The convertible notes harm shareholders - yet you are defending the CEO. There were hundreds of posts bragging about the company not having any debt.

You are just parroting the company line - that isn't real DD - posting something from Twitter to prove anything is a waste of time. The CEO stated the $1.1 million contract was such that there wasn't a need for additional financing.

You also forgot to mention that the CEO increased the A/S by 70%. Where was the outrage about the lack of transparency.

You wrote: "Yes she had a net Loss for the quarter of $1,033,557. But she brought it down in cash flows from operating to ($256,132). You forget to mention that."

First, this certainly isn't GAAP compliant - as the operations are accounted for in Statement of Operations.

I always look at profit or loss from operations first - revenue - COGS - SGA = profit or loss from operations.

Then I look at net income or net profit which is the amount of revenue that minus the total costs of producing those revenues. The formula equals total revenues minus total expenses.

We will see another amended filing - remember this is the same CEO who claimed to be a accountant but failed to enter inventory as a asset for 2 years.

IG