Replies to post #192470 on Dewmar International BMC Inc (DEWM)

[Det_Robert_Thorne]

That would depend on the holders

Do you think if the pps was higher he would have had to negotiate a higher buyback price from the entities you mentioned or a lower price?

Maybe, but I guess it would depend on the holders of the stock.

The thing about the "buyback" is, that while the 2Q/17 filing shows an approximately 372M reduction in the OS, to 2.44B shares (which really isn't that different from the 2.43B shares reported in earlier reports,) the cash flow sheet (page 9) shows no cash flow paid out for the repurchase and retirement.

Perhaps this will show up in the 3Q/17 filing, or maybe the repurchase and retirement was simply a restructuring of the deals that paid out the restricted shares.

http://www.otcmarkets.com/financialReportViewer?symbol=DEWM&id=177824

If DEWM was filing proper 10-Qs and 10-Ks, this would have to be explained in greater detail, and if Moran is serious about making DEWM a fully-reporting company again, then the terms should eventually be disclosed.