Replies to post #32938 on Bemax Inc (BMXC)

[I-Glow]

All of the toxic lenders she is using are ruthless.

I am very familiar with Crown and JSJ.

Using toxic debt to repay other convertible notes is horrible business practice.

And the BMXC CEO has negotiated some of the most draconian terms on a convertible note that I have seen - a 43% discount is as bad as it gets.

What is especially bad is that the CEO promised in January that with the $1.1 million contract from Bethel there wouldn't be a need for more financing.

IG