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  4. Bemax Inc. (BMXCD) Message Board

You're going to have to bear with me on this....I'

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Post# of 2199
(Total Views: 241)
Posted On: 03/07/2017 8:29:37 PM
Posted By: Gman2488
Re: Steven1973 #1030
You're going to have to bear with me on this....I've been going over and over this for the last few weeks. Of course to get the market cap you just multiply the o/s by the share price but with bmxc as I've previously stated not all the shares that have been given out whether from converted loans or for providing a service have been flipped back to the market leaving that question really up in the air. As of close today the cap is $7,933,153.99. I believe the cap is inflated, because of the past forward split of shares 50-1 (the 50,000,000 the CEO is currently holding) and then the 184,748,966 shares converted plus the 404,000 shares converted plus the 7,500,000 shares given for consulatation plus the 42,500 for legal fees. There is not a really good way to figure out which if any of those shares have been flipped back into the market at current share prices. So although there is no toxic debt and blah blah blah all those shares are technically still diluting the fuck out of the price and market cap. For instance the CEO before retire her shares held 200,000,000 shares which would be a little less than half of the market cap. She got those shares from starting the company with $4,000. Thank god she retired the 150,000,000! Then there were 184,748,966 shares converted at like .0017 or something ridiculous like that. So before the CEO retired shares and when the converted shares were given they totaled 384,748,966 somewhere around 85% of the market cap. Then factor in the 7,500,000 shares given at .0001. That's a whopping $319,750ish for a total of 392,248,966 or 86% of the market cap. Are you trying to tell me that the other 58,945,370 at the time equaled the remaining 7,600,000. This market cap is so fucked. Until someone can figure out who holds what shares and if the diluted shares have been flipped back into the current market prices. I believe the market cap to be at least half of whatever it is. Something like that


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