Bemax Inc (PK) (BMXC) Share Price

What the hell is Form 1-z-?

This a R/S machine

True

Who cares. Flip for 50 percent gain in a couple of hours. Do it again tomorrow. This is the otc

What a scam. So the CEO has the same shares just in a different class. They didn’t retire anything. Just want to fool shareholders.

Took a starter on the dip. Good news today

You are wise, thanks for sharing.

Was checking this one out. I also checked their Website. I don't know if I could even trust this one. Their Website is too generic and they don't place faces to names of management. I even tried to search the CEO and could not necessarily locate this person. Legitimate companies have no problem placing faces with names of management. GLTA here.

Indeed. Hopefully they make some kind of marketing push

BMXC...............the forgotten ticker not overly impressive at this moment. Any thoughts?

Own KGKG. Should I buy some BMXC? Is train about to leave or take off? Do I need to buy a ticket?

Talk to me. Give some advice.

Added revenues from acquisition and now their twitter looks like they are cleaning up share structure and balance sheet. Lets go $BMXC

Acquisition is complete. This will add over a million in revenue. Big news for $BMXC

I agree

Agree! great share structure too, once investors catch on this will really take off.

This could be pretty big for Bemax. Kona had been around for a minute. They're probably doing some pretty good revenues.

$BMXC Bemax Inc. Signs Letter of Intent to Acquire Kona Gold, LLC

https://www.newsfilecorp.com/release/218831

Dallas, Georgia--(Newsfile Corp. - August 6, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce the signing of a Letter of Intent to acquire Kona Gold, LLC from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic acquisition is set to expand Bemax's portfolio, aligning with their mission to diversify and strengthen their market presence in the CPG industry.

The acquisition of Kona Gold, LLC marks a significant milestone for Bemax, Inc. and is part of its broader strategy to enhance its product offerings and market footprint. Bemax aims to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation, while optimizing the acquired company's supply chain, enhancing product development, and expanding market reach.

"We are excited about the opportunity to bring Kona Gold into the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition is a testament to our ongoing efforts to diversify and strengthen our CPG offerings. Kona Gold's strong brand recognition and innovative products align perfectly with our strategic vision for growth."

The acquisition is subject to customary closing conditions and regulatory approvals. Bemax anticipates completing the transaction in the coming months, with integration efforts commencing immediately thereafter. This acquisition is expected to contribute positively to Bemax's revenue and market position, further enhancing shareholder value.

$BMXC Bemax Inc. Signs LOI to Acquire Kona Gold, LLC from $KGKG
Strategic Acquisition to Strengthen Bemax's Consumer Packaged Goods Portfolio and Drive Market Growth

📰Full Article: tinyurl.com/24bfd259
#Investing #Trading #DayTrading #OTCStocks #PennyStocks #StockMarkeBemax

https://x.com/Bemax_Inc/status/1820800867978653994?s=19

Kroger is one of the biggest. I wonder what kind of revenue that brings the company?

$BMXC Bemax Receives Kroger’s Invitation to Attend Supplier’s Diversity for Suppliers.

https://www.otcmarkets.com/stock/BMXC/news/Bemax-Receives-Krogers-Invitation-to-Attend-Suppliers-Diversity-for-Suppliers?id=446361

DALLAS, GA/ July 10, 2024/Bemax Inc. (OTCPK: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce Krogers invitation to attend the Supplier diversity program for vendors aimed at providing diverse-owned businesses with access to capital they need to secure corporate contracts.

Bemax will participate in Krogers diversity program for vendors on July 22, 2024. The program will provide Bemax the opportunity to connect with American businesses with the capital and technical know-how to help build inclusive, resilient communities of opportunity. This program will further provide ath unique opportunity to expand the Bemax distribution network.

This initiative, which has brought JPMorgan Chase to partner with LISC, will further provide Bemax with increased exposure to capital and community networking among American businesses, especially potential major grocery store buyers of our private label brands, says Taiwo Aimasiko, CEO, Bemax Inc. We continue to work to expand our distribution network, increase sales, and establish long relationships that present potential, beneficial partnerships.

Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.

$BMXC Bemax Inc. Announces Removal of "Shell Risk" Designation by OTC Markets.

https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-Removal-of-Shell-Risk-Designation-by-OTC-Markets?id=446234

Dallas, Georgia July 9, 2024 Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce that the "Shell Risk'' flag from the company's landing page on the OTC Markets Group Inc. ("OTC Markets'') has been removed.

As required by OTC Markets, we filed a supplemental filing on July 5, 2024, stating we were no longer a Shell Risk Company following the posting of our fiscal year financial results for the year ended May 31, 2024, with revenue of over 600% year over year.

We had a strong fiscal year compared to the year prior, and I am pleased that we have now been able to start proving our business model and experiencing growth in our revenue. Our distribution networks are expanding, and our sales are growing, said Taiwo Aimasiko, CEO of Bemax. This is part of our continuing effort to strengthen our balance sheet and demonstrate our commitment to our customers, distributors, and shareholders.

$BMXC Bemax, Inc. Announces Outstanding Financial Results for Fiscal Year 2024


https://www.newsfilecorp.com/release/215698

Dallas, Georgia--(Newsfile Corp. - July 8, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce its financial results for the fiscal year 2024, showcasing a remarkable increase in revenue and a substantial reduction in operational expenses.

Bemax achieved a revenue of $117,405, a staggering increase of over 600% compared to $8,100 in the prior year. This exponential growth was driven by an expanded sales network and direct shipments from the factory to customers, significantly reducing shipment costs. The company reported total operating expenses of $141,919, a dramatic decrease of over 70% from $434,320 in the previous year, primarily due to decreased warehousing and overall operating costs.

Consequently, Bemax's total net loss decreased by over 200%, from $301,153 to $90,637, attributed to increased revenue and effective management of expenses. Additionally, in the fiscal year 2024, Bemax entered into discussions with two OEM manufacturers. Once finalized, these partnerships are expected to further reduce production costs, enhance product quality, and drive higher revenue in the current fiscal year.

Taiwo Aimasiko, CEO of Bemax Inc. stated, "We are thrilled with our financial performance this year. The significant revenue growth and substantial reduction in expenses demonstrate our commitment to expanding our market presence while managing costs efficiently. Our ongoing discussions with OEM manufacturers highlight our strategic approach to improving product quality and profitability. We are optimistic about the continued growth potential as we advance our initiatives."

Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.

BMXC .0069 - more good news today fwiw, going to UK
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-UK-Distribution-Hub-for-Reduced-Lead-Time-on-Orders?id=445052

Great news out today. We are seeing some progress here for sure. $BMXC

$BMXC News Out

Bemax Inc. Announces Pre-Orders on Walmart for the Newly Designed Private Label Brand

Dallas, Georgia--(Newsfile Corp. - June 18, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce that it will commence accepting pre-orders for the new improved quality of the Mother's Touch® brand of disposable diapers starting this August on www.walmart.com. This initiative marks a significant step in Bemax's commitment to delivering products that exceed consumer expectations.

The pre-orders will also be available at www.bemaxinc.com/webstore. The new improved quality brand of Mother's Touch® meticulously crafted with a focus on superior quality, comes with a pearl pattern spunbond, a non-woven top sheet, a 3 liners wetness indicator, and a 3D leak quard, among other friendly features. This new brand of Mother's Touch® will be available through Bemax's expansive distribution network, ensuring widespread availability and accessibility.

"We are aware our customers love the current brand of Mother's Touch®, but we also know the world is changing and mothers are craving more meaningful and positive experiences that get them more bonded to their babies," says Taiwo Aimasiko, CEO, Bemax Inc. "We are thrilled to offer our existing and new customers an improved quality brand of Mother's Touch®, bring more value to shareholders, and continue to grow our revenue."

Me too.

just getting started here, watching for more news to come.

News on the 7th looked good. Revenuesbup 70% year over year.

You got my attention.

Yup, this will move higher

Overdue

And you believe the pumping press release?

This is still the Nigerian Diaper scam - this has always been a scam.

Then they reverse split the retail shareholders.
06/04/2021 Reverse 1:7000

03/13/2023 Reverse 1:400

Does anyone have any stock left?

I wouldn't be too excited about the press release.

Plus, the OTCM has them listed as a Shell Risk.

Read the financials - they aren't very impressive.

The Bemax S-1 was deemed effective on 2014-10-08.

But oddly in 2018 they filed a Form 15 and deregistered their stock and no longer report to the SEC.

IG

Excellent!!!

I sold a piece of my position - if it sells off hard, maybe I'll buy it back.

Plus ASCM showed up - I hate them!!!!!!!

Big offering in place, so a quick trade for me

Wow - good luck - so far so good.

Nice news. In for a trade

https://www.otcmarkets.com/stock/BMXC/news?id=426375

And yet it's down another 50% today...

One of the worst stocks I've ever owned....

Once a POS always a POS.

The SEC gets around to 1 or 2 every now and then.

The chances of them finding this one is nil IMHO.

But you are correct.

Why aren't these people In jail. Wasn't there a slew of people who filed complaints with the SEC about them outright lying/misleading investors?

Just bought at a dollar but some for reason the prints are not on the tape.

This truly is a POS!!!

They just printed it.....

BMXC one for 400 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Taiwo’s “son” as a baby is on the diaper packaging from years ago

They haven't arrested the CEO because she doesn't exist.

Plus, Bemax was too small of a pump and dump to get the attention of the SEC.

IG

SHELL STATUS REMOVED!!!!!! COME ON EVERYONE LETS SLAP THAT ASK TOGETHER!!!!! WEEEEEEEEE!!!!!!! $$$$$$$$$$$BMXC$$$$$$$$

Why the spread between bud and ask this morning? ???????

I posted early on that Taiwo Aimasiko does not exist as the CEO of Bemax.

From April 2018:

What is the Real Identity of Taiwo Aimasiko the CEO of BMXC?

Is the CEO Male or Female - did Taiwo Aimasiko graduate with a degree in accounting? If so how could she make a high school accounting mistake by missing inventory as a asset for over two years.

Let's start digging in the BMXC CEO's background and see what we can find.

From Linkedin: Taiwo Aimasiko - Kemira Chemicals University of Phoenix
Dallas, Georgia

Education
- University of Phoenix
Degree Name Bachelors of Science - Accounting Field Of Study Accounting and Business/Management
- Dates attended or expected graduation 2004 – 2009

The following was posted as verification the CEO has a Degree in Accounting:
Quote:
Individual: TAIWO A AIMASIKO
Date of Birth: 11/07/1974
Organization: UNIVERSITY OF PHOENIX
Degree: BACHELORS OF SCIENCE
Year: 2004
Information verified:

Degree: BSB/ACC
Awarded: 05/31/2009

Full-time 08/29/2006 - 09/26/2006 Certified on 09/19/2006
Full-time 10/24/2002 - 03/03/2003 Certified on 02/08/2003
Full-time 09/12/2002 - 01/23/2003 Certified on 01/11/2003
Full-time 09/12/2002 - 12/31/2002 Certified on 12/14/2002
Full-time 07/11/2002 - 11/21/2002 Certified on 11/09/2002
Full-time 05/30/2002 - 10/10/2002 Certified on 10/12/2002
Full-time 05/30/2002 - 10/01/2002 Certified on 09/11/2002
Full-time 05/30/2002 - 08/08/2002 Certified on 08/15/2002
Full-time 05/30/2002 - 07/31/2002 Certified on 07/13/2002
Full-time 05/30/2002 - 06/27/2002 Certified on 06/08/2002

Taiwo Aimasiko states on Linkedin she attended University of Phoenix from 2004 through 2009.

But in verification it states that TAIWO A AIMASIKO attended the University of Phoenix from 2002 through 2009.

Has the CEO ever used TAIWO A AIMASIKO in any of the filings.

Then we have the following:

Taiwo Anike Aimasiko
Case: 11-42758-pwb
CH: 7
Filed: August 16, 2011
Discharged: December 09, 2011
Address: 26 Wellsley Ln Dallas, GA 30132
URL: http://www.bankruptreport.com/ga/dallas/aimasiko-taiwo-anike
Bankruptcy: Filed

Someone thought they had pulled a gotcha on me and posted:

Taiwo Anike Aimasiko is a MALE! Our CEO is a WOMAN!
https://www.intelius.com/people/Taiwo-Aimasiko/Dallas-GA/06WNP6MAMRG

From Intelius:

Taiwo Anike Aimasiko
Gender: Male
Professional Status: Accountant at Solomon Edward Group LLC
Taiwo Anike Aimasiko Has Worked at 1 Place
Company: Solomon Edward Group LLC
Title: Accountant

Now this is very odd - Taiwo Aimasiko doesn't have Solomon Edward Group listed as a place of employment on Linkedin.

From the S-1 filed - we find: "While Ms. Aimasiko does
not have certified training in financial or accounting matters"

Now that is very odd for a accountant.

But later in the S-1 we find: "Ms. Aimasiko has acted as our sole Officer and Director since our incorporation on November 28, 2012. She graduated with a Bachelor of Accounting from University of Phoenix. After graduation until present time, Ms. Aimasiko has been working at Kemira Chemicals"

From http://www.spokeo.com/Taiwo-Aimasiko we find:

Taiwo A. Aimasiko Male, Age 49

Taiwo Aimasiko Male, Age 44

From your verified data: Date of Birth: 11/07/1974 which would be 42.

So what kind of identity fraud is going on.

Let's see:

AIMASIKO TAIWO
Phone 6787903863
26 WELLSLEY LN - DALLAS

ANIKE AIMASIKO
Phone 7704850588
26 WELLSLEY LN - DALLAS

I posted more about the identity of the CEO - but this has been the Nigerian Diaper Scam.

IG

I hear you - outrageous

They have claimed those same revenue projections for the past 3 years now, which is why it's laughable because we haven't seen one dime of it on a balance sheet yet, but I'm really surprised the SEC didn't indict them for misleading and outright lying to investors after that reverse split snafu.

No idea.

They claim they are making a profit.