Replies to post #37430 on Bemax Inc (BMXC)

[I-Glow]

I can't help it if you don't understand OTCM scams and how they operate.

Either way Bemax is finished - but the JSJ lawsuit has to be dealt with - it appears from the 8-K that Bemax is setting up for a reverse split so that they can repay JSJ.

We know that Bemax included a non-dilutive clause in the 25 million Series A Preferred Shares - and they convert to 150 million common shares.

If Bemax does a 1:100 reverse split that would make the post split price (theoretical) 0.06 - which would almost immediately settle at 0.03.

When JSJ starts dumping the price will continue to drop - JSJ will dump at a average of 0.005.

That would be close to $800k.

For shareholders that hold 1 million shares which is worth $600 today.

Post split they would own 10,000 shares.

If they sold at 0.015 - that would be $150. Which is a 75% haircut.

IG