bob4uall
2 months ago
BZWR activity in SLDX is now visible in the SLDX first quarter report, through March 31.
The SLDX First Quarter Report includes a Statement of Operations that shows License agreement revenue for the first time. Here are the first few lines:
STELLA DIAGNOSTICS, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2025 AND 2024
For The Three Months Ended
...............................................................March 31,.........................March 31,
..................................................................2025.....................................2024
License agreement revenue ...............$ 201,262..............................$....... -
Cost of services .....................................(326,450).................................... -
Gross Loss............................................. (125,188).................................... -
Operating expenses:
General and administrative .....................491,074..............................218,097
Total operating expenses......................$ 491,074 .........................$ 218,097
I presume the portion down to "Gross Loss" is the BZWR activity only since there are no previous year values. I also presume that since revenue started sometime after January 1, this is not a whole quarter of BZWR activity.
Edward
2 months ago
Wonder if Acell is still their auditor's.
Reason for Prohibited Service Provider
Accell Audit & Compliance, P.A
3001 North Rocky Point Drive East
Suite 200
Tampa, FL 33607
FROM:
Public Company Accounting Oversight Board (PCAOB)
The document outlines disciplinary actions taken by the Public Company Accounting Oversight Board (PCAOB) against Accell Audit & Compliance, P.A., a public accounting firm based in Tampa, Florida. ? Here's a simplified summary:
Action Taken: The PCAOB permanently revoked Accell Audit & Compliance, P.A.' ?s registration due to violations of PCAOB Rule 5000, which requires compliance with Board orders. ?
Background:
In September 2024, the PCAOB issued an order against Accell for failing to communicate required information to audit committees of two clients. ? The firm was censured, fined $40,000, and required to implement remedial actions and certify compliance within 120 days. ?
Accell failed to pay the fine and did not certify completion of the required remedial measures, violating the September 2024 order. ?
Sanctions:
The PCAOB determined that Accell's actions involved intentional or repeated negligent conduct, justifying permanent revocation of its registration.
Conclusion: [b]The PCAOB issued the order on March 11, 2025, permanently revoking Accell's ability to practice public accounting under its jurisdiction.
This action was taken to protect investors and ensure the integrity of audit reports. ?
.
Respondent
1.
Accell Audit & Compliance, P.A. is a corporation headquartered in Tampa,
Florida. At all relevant times, Accell was registered with the Board pursuant to Section 102 of
the Act and PCAOB rules. At all relevant times, Accell was licensed to practice public accounting
by the Florida Board of Accountancy (license number AD66617).
B.
Accell Failed to Comply with a Board Order in Violation of PCAOB
Rule 5000
2.
PCAOB Rule 5000, General, requires that a registered public accounting firm
comply with all Board orders to which the firm is subject.
3.
On September 24, 2024, the Board issued an Order Instituting Disciplinary
Proceedings, Making Findings, and Imposing Sanctions against the Firm, In the Matter of Accell
Audit and Compliance, P.A., PCAOB Release No. 105-2024-037 (“September Order”), for Accell’s
failure to make certain required communications to the audit committees of two issuer clients.
Pursuant to the September Order, the Board censured the Firm, ordered the Firm to pay a civil
money penalty of $40,000 within ten days of entry of the September Order, and ordered the
Firm to undertake certain remedial actions regarding Firm policies and procedures and to
provide a certification that the Firm has done so within 120 days of entry of the September
Order.
4.
Accell has failed to pay the civil money penalty imposed upon it and has failed to
provide a certification that it has completed the required remedial measures. Accell therefore
failed to comply with the Board’s September Order in violation of PCAOB Rule 5000
Edward
2 months ago
Depressing thought.
The 3rd QTR, ended 5/31/2024 took a little over 4 months to file from the prev. filing for 2/29/2024.
The 3rd QTR. was unaudited which is standard for a Quarterly and still took a little over 4 months to file, The Year End 8/31/2024 will be an Audited statement which will take longer, so i would expect it in about 5 months. By that time, they will be delinquent for the 1st qtr 11/30/2024,2nd QTR. 2/28/2025, 3rd QTR. 5/31/2025 with the year end 8/31/2025 almost due and probaly will end up delinquent. On current schedule that would take another 17 months. Then they will be delinquent for another 3 or 4 statements.
BZWR has found a home in the Expert market for a very very long time.
Geez Rhett doesn't even announce that a statement was filed, no narrative, no nothing not even a statement for many months, and doesn't post on X (twitter) for many months. Does't show that Rhett has any concern for shareholders or being compliant.
Why shouldn he? As long as he gets paid he is happy since there are just enough funds from revenues for him and Brooks.
bob4uall
2 months ago
So, Business Warrior's (BZWR) Licensee is Stella Diagnostics (SLDX). (A repeat, I know, but stating this as a headline is good for search engines.)
Looks like Stella has had some significant deals in its history. Here is the lead from an article dated 2021:
Stella Diagnostics and Mayo Clinic Enter Into Collaborative Research Agreement
February 17, 2021 | 4 min read
Stella Diagnostics, Inc. announced that they have entered into a Collaborative Research Agreement with the Mayo Clinic to assess the predictability and clinical utility of the Company’s STLA101 panel in patients diagnosed with Barrett’s esophagus...
bob4uall
2 months ago
I should have assumed that SLDX is financially challenged. No Plaid there. Congratulations to Edward for discovering the connection.
As was already posted, the latest Annual Report is here. The Accumulated deficit of $(230,050,919) and Total Stockholders’ Deficit $(18,768,648) catch your eye pretty quickly on about the 16th page of the document.
Edward
2 months ago
Absolutely amazing:
Apparently SLDX is the company: Below is what was in SLDX'S filing on 3/26/2024 see pg 17 #12 subsequent events. The exact same terms that BZWR stated in their 3/10/2025 filing and they didn't name the company either:
SLDX Annual filing:
https://www.otcmarkets.com/stock/SLDX/disclosure
"On February 14, 2025, the Company entered into a license and royalty agreement. Under this agreement, the Company was granted an exclusive license to market, sell, and distribute licensed products. The agreement has an initial term of one year and will automatically renew for an additional two-year term unless either party provides written notice of cancellation. Upon execution of the agreement,the Company paid an initial fee of $200,000 and agreed to pay royalties equal to 30% of the net margin derived from the licensed products. Additionally, the Company assumed responsibility for employee-related expenses and technology costs associated with the license."
BZWR 8K FILING:
https://www.otcmarkets.com/filing/html?id=18269138&guid=zlV-kpTaeC6wQth
"Under the terms of the Agreement, the Licensee will assume Business Warrior’s current customers and pay Business Warrior a license fee equal to Business Warriors employee and technology costs plus 30% of the Licensee’s Net Margin derived from the Licensed Products each month. Business Warrior also received an initial fee of $200,000."
bob4uall
3 months ago
It sure is interesting, but I can't find its meaning.
"SLDX" appears only once in the document, right where you found it in Item 4 of Exhibit A:
b. Scope of License – The Licensee (SLDX) only receives the right to use, market, and generate revenue from the software...
The grammar seems to indicate that "SLDX" is the Licensee. But, searching around the Internet, I don't see anything that makes sense. SLDX could refer to the actual Licensee, or it could just be something in the boilerplate agreement that someone forgot to delete.
There is no doubt that the parties intended to conceal the Licensee's identity. But it is interesting if someone has dropped a clue, and something referred to as "SLDX" is the actual Licensee.
Edward
3 months ago
Good question. Why they didn't state the company, or did they in this fililing.
They state in the 8k filing filed 0n 3/10/2025:
Scope of License – The Licensee (SLDX) only receives the right to use, market, and generate revenue from the software within the licensed term and territory but does not receive any ownership rights
Doesn't make sense since the company profile of "Stella Diagnostics (SLDX), Inc., a research diagnostics company, engages in developing molecular diagnostics tools and new drug targets for esophageal diseases.
I am not sure that the SLDX referred to by BZWR means that company is the licensee since SLDX has nothing to do with that type of business, or SLDX stand for someelse. Does it?
see item#4:
https://www.otcmarkets.com/filing/html?id=18269138&guid=HXV-ketBNH2jdth#bzwr_ex991_htm
Am I looking at this wrong?
Edward
3 months ago
BZWR finally filed their 5/31/2024 financials. Actually not that bad.It could have been worse. Just a note, this is as of 5/31/2024, so current financials may be better.
Stockholders deficit increased 1,6 million now( $11.2) million vs ($9.6) miliion from 2/29/2024 QTR TO QTR..
Loss fron operations were better. Losses were less by $34 thousand from 2.29/2024 QTR TO QTR.
Sales were down appox. $100 thousand from 2/29/2024. QTR TO QTR. Not too bad.
Another lawsuit, small but settled--BZWR has to pay $72,186 plus legal fees
"On April 5, 2024, American Express Travel Related Services Company, Inc. filed a lawsuit against Business Warrior Corporation for breach of a commercial credit agreement seeking judgment for the sum of $72,186 plus legal fees. Business Warrior Corporation is working to settle this case and expect to pay the full amount extended over multiple years to minimize the monthly cash flow required"
"the Company had two customers representing 37% and one customer representing 14% of total revenue for the period"
So they had 3 customers representing 51% of the revenues.
Next financial will be the year end 8/31/2024.
bob4uall
3 months ago
It’s really a sale of BZWR’s whole activity, the more that I think about it—but not quite
…the Licensee will assume Business Warrior’s current customers and pay Business Warrior a license fee equal to Business Warriors employee and technology costs plus 30% of the Licensee’s Net Margin…
So, the licensee is taking over the customer base and paying for the software support staff at least, and maybe even managerial salaries. “Technology costs” could be most of the rest of BZWR’s overhead. This could make BZWR basically a holding company, now owning just their subsidiary advertising company and also owning their software licensing action. I would not be surprised if they try to sell the advertising company.
So, the dream is that this may work. I would buy another million shares for $400 at $0.0004 per share, but the experts have that locked up. You know, $400 is not big money anymore.
bob4uall
3 months ago
Here’s a fact:
Under the terms of the Agreement, the Licensee will assume Business Warrior’s current customers and pay Business Warrior a license fee equal to Business Warriors employee and technology costs plus 30% of the Licensee’s Net Margin derived from the Licensed Products each month. Business Warrior also received an initial fee of $200,000.
BZWR’s marketing failed, so they now have a licensee doing it. I have wondered all along whether what was Timothy Li’s software now called PayPlan is actually genius or not. If the licensee is a successful marketer, I guess we will find out. If sales take off, stockholders in BZWR may still lose because of some future restructure or deal. But, company was still operating as 2025 began.
Edward
4 months ago
Again. LMAO.
What ever happened to this, changed your mind?
Hoosier
Thursday, June 06, 2024 10:00:51 PM
Post# of 5474
man, just nothing happening (other than the blog post..). so weird.
think they have moved on/given up?
how do we know when the company is defunct?
we are now in the dreaded "triips" correct.
in my (albeit limited) experience that is basically the death knoll.
BZWR
Hoosier
Re: None
Friday, March 29, 2024 5:53:19 PM
Post# of 5474
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?
Hoosier
Wednesday, February 28, 2024 8:47:40 PM
Post# of 5474
I'm not sure how this "merger" could be of any benefit to BZWR.
I get more of a penny junk stock vibe from IPSI
(dragging out investors with "deals" and spitting out
more shares, reverse split(s), while the exec(s) pull in a salary...but nothing business wise ever really happens) seems like a great business
model...work from home...all done from a website and post office...slap on the wrist from the SEC if caught (gotta get a real job for a year two
while the ban plays out)
IPSI from the short little dive I took into it looks like its been doing
similar type things "acquisitions" for a few years...but never getting anywhere.
Had higher hopes for BZWR than this...seemed like a real company two or so years ago when i bought in.
Hoosier
Wednesday, December 20, 2023 10:01:53 PM
Post# of 5474
I don’t understand why it’s so hard to get “financials” out on time? It’s not a big company. If the accountant sucks why not just get a new one…or pull an all nighter yourself to get them done
Virus-free.www.avast.com
Always makes me laugh when someone questions why someone is posting. Apparently, they think you have to own a stock to post. Too funny.
BTW, I sold all of my shares. do not own any now.
Edward
4 months ago
HMMM Just the facts. Maybe the reason for the long long wait for the delinquent filings:
Very possible this is the reason. No way it takes over 3 months to file a delinquent filing for this size company.
BZWR
Business Warrior Corporation
Common Stock
Expert Market
Delinquent SEC Reporting IconDelinquent SEC Reporting
Transfer Agent Verified IconTransfer Agent Verified
Prohibited Service Provider IconProhibited Service Provider
Prohibited Service Provider
The Prohibited Service Provider List includes attorneys, accountants, auditors, investor relations firms and other service providers that have been convicted of criminal activity, are subject to an SEC or Penny Stock bar, or OTC Markets Group has determined that it cannot rely on their work. Attorneys that appear on this list may not provide Attorney Letters with respect to Current Information pursuant to OTC Markets Attorney Letter Guidelines.
Link:
https://www.otcmarkets.com/stock/BZWR/overview
Edward
4 months ago
HAHA.
One of the funny statements by Brooks:
" Introducing new, results-driven features to help lenders profit more – Every feature we build is designed with one goal in mind: increasing lender profitability."
What? So why don't they use it , they haven't had a profit in years!! LOL.
I know they are not lenders, but they design something that help lenders increase profitabilty,
SOMETHING THEY CANNOT DO FOR THEIR OWN COMPANY!!
Another general statement with no details. Promoting BZWR as they always done. Still no one (other than insiders) know what their sales are,or what the Balance Sheet looks like,or if borrowing went up etc.
Doesn't do shareholders any good,since they cannot buy or sell shares in BZWR.