LMAO! I hope this is a joke - you do understand that in January 2017 the CEO said the $1.1 million Bethel purchase order was such that the company would no longer need financing - that didn't last 2 months be Bemax engaged in more toxic financing.
"the Convertible Notes amount of $302,750 due between October 19, 2016 and December 9 2016, had converted principal and interest due under the Notes to 423,754,790 shares of Common Stock"
Why do you think that the CEO increased the A/S from 500 million to 1.8 Billion in less than a year - it is to accommodate the convertible notes.
If the CEO was repaying the notes early there wouldn't be a need to increase the A/S.
From the 10-Q:
Principal Balance 2/28/2018 of Convertible Notes: Total = $982,525.
Bemax has more toxic debt than ever.
On 1/8/2018 the CEO increased the A/S from 1 Billion to 1.8 Billion shares.
Sorry, the CEO isn't repaying the convertible notes before the 180 days.
IG
News 
Market Data 
Discover 
AI
