BEMAX INC. (OTCMKTS:BMXC) Files An 8-K Other EventsItem 8.01 Other Events.
On May 30, 2018, Bemax Inc.(“the Company”) received a notice of default from JSJ Investments, Inc (“JSJ” and the “Default Notice”), which alleged the occurrence of an event of default under the terms that certain Convertible Promissory Notes (the “Notes”) sold by the Company to JSJ on March 27, 2017 and August 3, 2017 respectively, and demand all principal and accrued interest outstanding under the Convertible Notes to be immediately due and payable.
The Company vehemently disagreed with JSJ’s claims and allegations and refused to comply with JSJ’s demands stated on the Default Notice. On May 21, 2018 to the amendment section on the Notes, the Company seeks to restructure the Notes which JSJ refused to accept with primary intention to continue to dump the shares of Company in to the market.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Document Description
4.1 Default Notice (Notice of Default Under Certain Convertible Promissory Notes Held by JSJ Investment, Inc)
Bemax, Inc. Exhibit…To view the full exhibit click
About BEMAX INC. (OTCMKTS:BMXC)
Bemax Inc. is a development-stage company. The Company is focused on exporting and distribution of disposable baby diapers. It exports disposable baby diapers from the United States and Canada, and distributes them in London, and South Africa. The Company also exports from manufacturers from Asia and distributes to other parts of Africa. The Company offers disposable diapers range in size from Newborn to Size six, which accommodates an over 35 pounds (lbs) child. The normal size weight ranges are approximately 10 pounds: newborn; 8 to 15 pounds: Size 1-2; 16 to 28 pounds: Size 3; 22 to 37 pounds: Size 4; 27 plus pounds: Size 5, and over 35 pounds: Size 6.