Replies to post #35828 on Bemax Inc (BMXC)

[I-Glow]

Although the convertible notes are floorless they have to stay below 4.99% of the O/S so they don't have to file with the SEC.

So the toxic lenders don't convert the entire note at one time.

But the CEO has the responsibility to try and create volume by pumping so the toxic lenders can dump their shares - the toxic lenders provide help with wash trades to create fake runs.

IG