I understand the CEO stated that the purchase orde
Post# of 2198
(Total Views: 653)
Posted On: 02/13/2017 2:51:09 PM
I understand the CEO stated that the purchase order of $1.1mm would eliminate the need for further financing but she also had this quote as well regarding the direction of the company:
"We are pleased to have all notes converted including the outstanding principal and interest," said Bemax's CEO, TaiwoAimasiko. "This will strengthened our balance sheet, enables the company to seek viable financing to invest in inventory expansion, marketing infrastructure and sales growth as we continue our expansion campaign in 2017.
And that was from January 10th on January 11th the had this:
As of January 11, 2017, there are 500,000,000 shares authorized. 451,640,836 have been issued and are outstanding and 43,646,325 have been reserved for a new loan that is currently being negotiated. Available shares for future issue totals 4,712,839.
Although it has been mentioned that a $2.1mm financing offer had been denied, the latest offering of $0.05 per share at 43,646,325 is just over $2.1mm which would really make sense to me. Especially if they are looking to expand into retail stores. Stuff like target, Walmart, even something like babies r us. They will need substantial inventory to allow them to enter this type of retail space. Never mind the already entrance into Amazon. If that was to take off sure revenues would be massive but they would definitely need further financing to bring the amount of product they need to the table.
I just feel like the retail investor is not necessarily the shareholder that is first in line when she talks about shareholder value. Of course to some degree we are but like I previously mentioned in a past post between the convertible debt turned to shares and the CEO's shares equal approximately 242,248,966 out of the 301,640,836 o/s leaving 59,391,870 to retail market and if the financing of the 43,646,325 goes through it would leave
15,745,545 of common share to retail before any of the previously stated have been flipped. Judging by the way the share volume is being monitored over the past few days it looks like longs are starting to feel comfortable with their share total and are holding at the time the volume is low and nobody can get into the stock as quickly as they would like without paying a premium.
So although they look to be wanting to finance further it may dilute the share value but overall I do not see this harming the company having already paid off the previous convertibles
"We are pleased to have all notes converted including the outstanding principal and interest," said Bemax's CEO, TaiwoAimasiko. "This will strengthened our balance sheet, enables the company to seek viable financing to invest in inventory expansion, marketing infrastructure and sales growth as we continue our expansion campaign in 2017.
And that was from January 10th on January 11th the had this:
As of January 11, 2017, there are 500,000,000 shares authorized. 451,640,836 have been issued and are outstanding and 43,646,325 have been reserved for a new loan that is currently being negotiated. Available shares for future issue totals 4,712,839.
Although it has been mentioned that a $2.1mm financing offer had been denied, the latest offering of $0.05 per share at 43,646,325 is just over $2.1mm which would really make sense to me. Especially if they are looking to expand into retail stores. Stuff like target, Walmart, even something like babies r us. They will need substantial inventory to allow them to enter this type of retail space. Never mind the already entrance into Amazon. If that was to take off sure revenues would be massive but they would definitely need further financing to bring the amount of product they need to the table.
I just feel like the retail investor is not necessarily the shareholder that is first in line when she talks about shareholder value. Of course to some degree we are but like I previously mentioned in a past post between the convertible debt turned to shares and the CEO's shares equal approximately 242,248,966 out of the 301,640,836 o/s leaving 59,391,870 to retail market and if the financing of the 43,646,325 goes through it would leave
15,745,545 of common share to retail before any of the previously stated have been flipped. Judging by the way the share volume is being monitored over the past few days it looks like longs are starting to feel comfortable with their share total and are holding at the time the volume is low and nobody can get into the stock as quickly as they would like without paying a premium.
So although they look to be wanting to finance further it may dilute the share value but overall I do not see this harming the company having already paid off the previous convertibles
(0)
(0)Bemax Inc. (BMXCD) Stock Research Links
Scroll down for more posts ▼