Business Warrior Corporation (CE) (BZWR) News

I vote boB4ZuWall as the niRcest guy on ihub.

I agree its all meaningless, doesnt tell you anything, unless the volume was significant which it has not been.
Lets see what the 10-Qs say and go from there.
I'll take managements word lately and look for the filings in the next week or so.

Ha Ha Thanks. But watch out for relevancy. You probably should work the letters BZWR into your post or it may not fit the Board Rules. I know I am waiting for their next report on how they managed to pry more money out of investors to fuel their expenses for whatever new licensing revenues they may have managed to grow.

I vote Bob4all as the nicest guy on Ihub.

10,000 BZWR shares used to be relevant. Now they are not. Thanks for taking the time to respond. Without you, this board would barely exist. I especially enjoy how you put up tweets and other news so quickly!

Why pursue this?

It is irrelevant. Really nonsense.

Why would anyone care.

Should be more concerned about whether they will file thier financials next week as they said that is what they are pushing for.

Enough on why a small trade was done- who cares, i know i don't.

No answer from me. Your guesses are better than mine. Why an MM would need to move $10 worth of any company's stock is still a mystery to me. But maybe, what used to be worth $500 is now worth $10 and somebody wants to close it. As you said-- a tax loss.

Why? How would i know?

There are a few reasons that come to mind ( there are probaly more):

1) Maybe there was a MM short 10k shares and wanted to close it.

2) Maybe a MM was correcting an error from previous trading.

3) Maybe a MM wanted to build an inventory and 10k was only available from another MM who wanted to get rid of their position, so when BZWR again is allowed to trade publicly the the buying MM will have shares to sell.

4) Since people can sell on the expert market probaly MM's were buying shares all along and was able to buy the 10k shares from another MM, for the reason in #3.

5) Guess it is possible, maybe an investotor did sell so to pick up a tax loss, and that's all the MM would take or that's what the seller had left after selling shares before the expert market.

I'm sure you have an answer to this already, it's you MO.

True. But why would MM's make just a $10 trade? What for?

Did they just want to change the last reported trade to $0.001? If so, why do that?

When you see a trade that small at that price, 99.9% of the time it was between MM's and not a retail trade.

Especially in the Expert market.

Some "expert" or "institution" (or Canadian) traded $10 worth of BZWR today so far. Is it just to put BZWR on a ticker somewhere? Why have a trade that small?

yeah I would wait it out till we are properly trading again, they say mid May I suppose its possible, I believe we'll get there.

Probaly more likely was in response to a post from someone on BZWR'S CEO Rhett's X account the day before.:


From BZWR Rhetts X account post from someone on 4/30/2024:

martin aka UM
@mindwhat
·
Apr 30
"HA. Still no filing. BZWR will in the Expert MKT for a very long time.

Need the 1st QTR, then the 2nd qtr. Which will take at least 2 months from today, then the 3d qtr. ending May which will take at least 3-4 months from today.

Obviously shareholders aren't a concern."

interesting he posted that after your last post
I think he reads this board....

Hi Rhett.
Hope you don't sell out to that weird company. Just keep plugging away and
then merge with a Fortune 500 company in a few years.
Thanks,
Hoosier.

As a follow up. I know because i put in a sale order with Schwab 2 weeks ago by phone. They said i could put in a limit price, a gtc , or market order (which i never ever will do).

They did put it in with a limit price day order as an all or none at my request.

My thinking was to pick up a realzed loss since 2 weeks ago i fiqured it would be in the Expert market for quite a while, and i may buy back when and if BZWR is tradable again.

Since BZWR indicated they may flle the 1st and 2nd qtrs by mid may , i do not plan to put in another sale order.

Schwab will not let you put in a buy on BZWR, only a closing sale.

Reading a little more about the Expert Market, U. S. retail investors cannot participate. It is only open to qualifying sophisticated expert investors and institutions. Which of these would be interested in BZWR? About none, I think. So that means a hidden bid/ask existing there at .001/.002, which are the recent activity, is a bogus spread. Market maker can just insert any numbers they want. Demand is killed.

I thought I might average down with a $1,000 purchase via Schwab over the phone, but their rep said that they can't place a buy on the Expert Market. Has anyone tried to buy BZWR since put in the Expert Market?

Rhett finally posted something:

Rhett Doolittle
@RhettDoo
In order to get back in compliance ASAP at @BizWarriorLIFE
we are completing our Q1 & Q2 financials simultaneously. We are pushing to get them done by mid May. $BZWR
10:35 AM · May 1, 2024
·
18
Views

Yes.

Also all they say QTR. 1 and qtr 2 ASAP., which is cloudy. Apparently the 2nd QTR. preparation hasn't started yet.

Problem is they take so long preparing and filing statements, the 3rd QTR. due in July will probably be delinquent also.

So BZWR may be in the Expert market for quite a while.

Just my opinion.

They used the past tense. I hope that is not a lie.

Admittedly, resolving our existing promissory notes and securing new investment took longer than anticipated.

That says the job of "resolving our existing promissory notes and securing new investment" is finished. I think it is more likely that "resolving our existing promissory notes and securing new investment will take longer than anticipated".

A confirmation press release that their mission is accomplished would be very helpful.

So, as usual it is unknown if the 1st QTR. is close or not.

Typical general info from BZWR.

Problem is why updates (they could say something on their account, it is free), and they still have to do the 2nd QTR. which is also delinquent. That may take another 1 1/2 months. In another month the 3rd QTR ends.

So i see at least 2 more months in the expert market.

An answer from BZWR IR from an investor from an investor platform.



I received an answer from BZWR.I asked is there an anticipated date when the QTR. will be filed--Apparently the holdup was or is "resolving our existing promissory notes and securing new investment took longer than anticipated. "


Investor Relations
From:investors@businesswarrior.com
To
Fri, Apr 26 at 3:13 PM
Thank you for reaching out. We're always happy to touch base with our shareholders and will share as much public information as possible. We are pushing to get the Q1 done ASAP and it's in process. As soon as that's submitted, we will be working on getting Q2 done ASAP.

With regards to the timing of our filings and the performance of the company, our focus has remained steadfast on the core of our business and on securing additional capital to support our operations and fuel our growth. Admittedly, resolving our existing promissory notes and securing new investment took longer than anticipated.

Not only is BZWR still working on the first QTR. 11/30/23 financials, they still have to file the 2nd QTR. 2/29/24 financials which are also delinquent. The 3rd QTR. ends 5/31/2024.

They didn't bother filing an NT late filing notice form for the 2nd QTR.

To put it mildly BZWR will be delinquent for a while.

New BZWR pages in their website:
A Google search finds two new pages in BZWR's website as of early April. First, there is a page on Automated Lending Platforms. Second, TrustAlchemy.com no longer exists and instead, this page replaces it. That seems very long overdue to me.

Some activity is better than nothing at all.

disappointed

IPSI filed its Annual Report on March 29. It is available here.

IPSI does not yet have significant revenues, which stood at just $410 for the entire year.

As of the report date, the merger with BZWR is still under consideration.

looks familiar

https://www.facebook.com/UPABusinessWarrior

Reasons why someone would buy:
1. The merger with IPSI might succeed and the IPSI stock receivable in exchange for BZWR stock may rise in price.
2. The drastic price reduction lately was caused by BZWR only being traded on the Expert Market, where many potential buyers can't see the bid/ask or place electronic orders. Few buyers, price falls. It was not caused by failure of the company or new bad news. The 4th quarter highlights were announced months ago even though the Report was filed very late. In other words, the price is super low and could be at a bottom.
3. BZWR may file their first quarter report, become compliant again and rejoin the Pink Sheets. If so, buying would become unrestricted and the share price could jump more than slightly back to earlier levels.

That's a few reasons how BZWR's share price could recover. But will they? I have many doubts that they will pull this off. Nobody knows if a combined IPSI/BZWR can succeed. Even if they do get together, I question how much IPSI shares that BZWR holders would get in exchange would be worth. All agreeing creditors plus the shareholders are to be capped at 40% of IPSI's outstanding shares, and that's few dollars spread among a huge number of shares. And, that's if the deal even closes, which is no sure thing.

At this point, we are just along for the ride. Selling on the Expert Market now is ludicrous, in my opinion.

who the heck bought? i'm confused why someone would buy? what am I missing? assuming it will jump slightly if/when gets back on the pinks? shave a bit off the top then?

some canadian brokerages allow purchases, as hard as that is to believe. How they allow that is beyond me. Also market makers. So what you have is unlimited sellers and limited buyers hence why the price comes down, but I expect a filing any day to bring us back into compliance.

Who is qualified to buy if retail traders may close (sell) only?

you will not be able to call in an order, none of the brokerages will take it. You will see no bid/ask as well.

Under $20 dollar volume today so far. Just seeing liquidating sellers I guess. If some buyer does come in, I bet we find out there was a huge spread. Does anyone see a bid/ask? It's supposed to be unavailable to the general public, but some people have access.

I am considering making a buy over the phone if $0.001 can really happen. $1,000 for a million shares.

The IPSI deal price of $0.0036 may still be realistic. BZWR now trades in a restricted market where selling is easy but buying takes extra steps that some may not be willing to bother with. I believe that the collapsed $0.001 price is caused in part by regulations that try to protect uninformed buyers from scams. Not a level playing field. The holders are pretty much stuck with waiting it out. Many times it has already become hopeless, anyway.

The fact that this uneven market shows $0.001 is not proof that $0.0036 is not doable in the merger deal. The news of the merger is at least hopeful that the companies can continue to operate, and normally that would send the share price up a little. We saw maybe some of that with price around $0.005 before the expert market took over.

What should the share price be? Well, book value is so highly negative in both IPSI and BZWR that whatever the price is today (if the market were unrestricted) is just a function of buyers betting that the companys' growth plans will succeed. Without that hope, the stocks should be $0.000001. And now we see what happens when buyers are cut off.

So annoying the company is failing.
I don't understand or accept failure.
If I had a bunch of investors (and employees) counting on me
I would be on the phone 24/7 dredging up new business.
Like that guy from the movie Happyness (will smith played) whose
finger was bent from all the phone calls he had made.
arghhhh.....
I guess now I see why CEOs of successful companies make so much $$.
Investors happy/profitable = millions in compensation.
Oh well. I'll just go outside and watch the eclipse.

I don't know how their share price can be around $0.20.

The reason IPSI is selling for appox. .20 is because the have 13 million shares outstanding and a float of 11 million.

If they had BZWR's O/S which is 406 million the price would be .006

13m/406/m =.032 * .20= .006.

Also i agree about the financial position of IPSI see my post #5189 on 2/29/2024 where i stated:

As a matter of fact BZWR is doing much more business than the acquirer.

The acquiring company also had a 10.2 million( loss) in 2022--- negative stockholders equity of(6.8 million) with limited cash.

REAL WORLD.

BZWR management is saving themselves if they want the deal.They have no other choice.

BZWR is headed for CH.11 and the are desperate. Clearly the CEO is totally incompetent.

Rhett has been saying and promoting how great their products are for years, including his original product which he doesn't mention anymore, and has shown nothing but mismanagement.

Almost always penny stock investors never sell or ever give up on a stock, even when the signs are clear.

Last sale of BZWR was .001 say's it all what the investment community thinks about BZWR..

BZWR's highest priority seems to be to convert its debt into shares of something that would be acceptable to their lenders. So, they found IPSI, and IPSI has a business plan that is supposedly ripe to start producing major revenue. I have no idea if any revenue is coming, but they have products that are supposed to do that.

If the BZWR lenders agree, it looks like the debt would be converted into BZWR common stock. All of that new stock and all existing stock owned by us small investors would then be traded in for 40% of the total float (I guess) of IPSI shares. I am not very hopeful that the value of IPSI stock that we receive would start out anywhere near the value of BZWR stock before they fell into the Expert Market. If the value is too low, I don't see how the BZWR lenders would bother to agree to the plan. But, they might, because the alternative may be to have no further chance to collect on the debt.

Meanwhile, as of the end of September, IPSI's 3rd quarter, IPSI had $410 year-to-date revenue. They had $19,395 in cash. They had $5,052,344 current debt in the form of accounts and notes payable. Total Assets were $795,708. That is composed of $7,643,215 in liabilities and negative equity of $6,847,507.

I don't know how their share price can be around $0.20. It likely depends on the successful launch of their new products.

Yes, your pretty much right on target.

I still dont get the utility in this merger for BZWR. IMO they (bzwr, rhett, jonathon, etc....) are giving up and
looking for a "scapegoat" for the continued collapse of their business venture.

IPSI not a forward move...its not even a lateral move...its a backwards move.

These press releases are so annoying because they use big words to excite...and confuse...us like "leveraging"
"operational scalability", etc.. sounds important. zzzzz....

and finally... "delivering unparalleled value to our customers and stakeholders worldwide" ...ehhh
seems a bit much wouldnt cha say? Have you seen your filings (liabilities) and current share price?

Good news that merger is coming, BUT here's a trader that can't buy:

If things are going so well, why can't I trade the stock on Ameritrade today?

URL is twitter.com/Strauss11Harry/status/1771159630095245739

So, the expert market is keeping this buyer out, evidently. Yes, he may be able to buy by phone call or by US Mail or some other way, but he hasn't found it. Bad for the share price!

Merger LOI just announced by BZWR 5:15pm yesterday.
Twitter.com

Business Warrior
@BizWarriorLIFE
$BZWR Annual Financial Highlights are in!

We talk about:
📈 Revenue Growth
⬇️ Operating Expenses
🚀 Innovative Product Launch
💲 PayPlan Revenue Increase
⛽️ Financing and Fueling Growth

Read more 👉 https://hubs.li/Q02qlk7c0
5:15 PM · Mar 21, 2024

BZWR acknowledges IPSI Letter of Intent

Merger and Global Expansion Plans

On February 12, 2024, Business Warrior signed an amended and restated non-binding letter of intent with Innovative Payment Solutions, Inc. (OTCQB: IPSI), with the aim of merging to create a global fintech powerhouse. This strategic move is set to leverage Business Warrior’s extensive technology and payments expertise alongside IPSI’s investment banking and global reach to achieve international expansion, operational scalability, and maintain profitability as a priority. This pivotal step in our strategic growth plan signifies our commitment to leading the fintech industry and delivering unparalleled value to our customers and stakeholders worldwide. Stakeholders are cautioned that the merger is subject to definitive agreements, shareholder approval, and other conditions, with no guarantees of completion.

Article at businesswarrior.com.

Looks like IPSI is the only player now.

Not surprised that the price sunk. Inconvenient to buy, but easy to sell, could wreck the price for awhile. Some say that they can't buy at all. If they think they can't, I guess they won't try. Plus, falling off Pink is bad news. I guess if you bought at $0.004 and sell at $0.002, it might be worth it to take the 50% loss. But, if you have been in longer, this is an awful time to sell in this market tilted against sellers where buyers aren't easily entering.

However, the IPSI deal is structured to exchange shares at a value of $0.0036 per share, if not modified and if the parties agree. So, I see the price returning if the merger succeeds, and probably going higher if the financial outlook thereby improves.

I think there will be red tape to get back into normal trading. Somehow, BZWR has been able to keep auditors and their SEC lawyer, so maybe required reports will be filed. I agree with those here that say a return may take months. I don't think it would be years in this case. Failed financing and bankruptcy would end it sooner, would be my guess.

IPSI might not be the only option. Maybe there is another interested party. That could explain BZWR's silence if they are not ready to announce how wonderful and desirable that merger would be.

The big downside, to me, is that BZWR needs to raise capital through investment and debt. On the debt side, I think the cost to borrow has been exceedingly high.

0.002 close is just the beginning…lol.

I will buy this soon at 0.001!

You can be here for the next 2 years Princess Diana.

It always starts with hope and delusion then you realize it doesn’t happen quickly.

I mean I think Rhett could start a YouTube channel or podcast. Everyone else has. I would subscibe. especially if
they started posting about taylor swift and travis kelce. could always learn more about their love.

That is funny!



Since Rhett made this statement on 1/26/2024--- He has been less transparent and consistent with the shareholders.

Rhett Doolittle 9:41 AM · Jan 26, 2024

@RhettDoo
We ramping things up and getting ready to post our fiscal year end financials. Lots of company updates coming soon and developing more content to be more transparent & consistent with our shareholders about everything going on at the company. $BZWR

if there was any silver lining that i saw from the filing was that at least they worked to get their overhead down.
as ive said before...im not in business so what do i know....but arent there other revenue streams they can find (other than payplan)...
I mean I think Rhett could start a YouTube channel or podcast. Everyone else has. I would subscibe. especially if
they started posting about taylor swift and travis kelce. could always learn more about their love.

More shares traded on the expert market today.

As of now.

BZWR $0.002 -0.002 11:35:55 AM 57,767 shares.

Yes.

I agree with you.

Unfortunately it is so late, the 2nd quarter is also due mid April 2024, which in all likelihood will be extended.