Business Warrior Corporation (CE) (BZWR) Share Price

What concerns me is that the Audit firm dropped BZWR.

To me IMO seems to indicate BZWR was the problem, and my guess and only a guess is either of the three reasons or all three.

1) BZWR was very slow in paying the audit company.

2) The auditors had a difficult time of getting info or and answer on a timely basis.

3) Even though BZWR stated "There were no disputes or disagreements between the Company and Accell during the time it was the Company’s independent registered public accounting firm through the date of resignation.", i doubt that.

Why would an Audit firm drop a client? An audit company would drop a client:


Constant billing complaints
Unwillingness to pay for extra services
Questionable conduct, including verbal abuse, with you or anyone else on staff
Too many emergencies because the client fails to prepare
Client’s lack of trust in your abilities or knowledge
Withholding information or telling outright lies in person and in documentation
Any behavior that puts you or the firm at risk
Failure to comply with providing information or communicating in a timely manner

Again, only my opinion,not a verifiable fact.

New audit firm identification:

Astra Audit & Advisory, LLC (formerly, Coastal Accounting & Consulting, LLC)

New name is "Astra", but their website doesn't mention it. Still says "Coastal".

Auditors are again a Florida company, a couple of thousand miles away from BZWR's "office" in either Scottsdale, AZ or Las Vegas, NV, not sure which.

Evidently, BZWR still has something to audit

Since BZWR stock can only sell and can't be bought except by qualified entities, the price may as well be zero. It is nice that Rhett even cares to update us since the common stock may not be any good to the company for a long time.

posted to day on rhett's twitter account.

Rhett Doolittle
@RhettDoo
Exciting update from @BizWarriorLIFE
! 🚀 We filed an 8K this morning announcing our switch to a new audit firm with additional resources. We’re pressing forward to complete our Q1 & Q2 filings and get back on OTC Pink. Pushing hard to file Q3 on time too! $BZWR


10:45 AM · Jun 24, 2024
·
41
Views

Wouldn't be surprised if Rhett now comes out and say's they will be filing the 1st,2nd,and 3rd quarters simultaneous.

LOL!!!

Sure, that's feasable.

Chapter 7 and goodbye is my guess. I doubt they have enough to reorganize under Chapter 11. But, you never know. Maybe the creditors will be stopped from picking it clean, but why should they be stopped?

Yep!

Their 3rd quarter is due in 1 month, no way they can have that on time either.

Not a word from the CEO about the delinquent 2 quarters or anything for that matter.

Looks as though they will be in the Expert Market for quite a while.

Still maintain IMO CH11 is not out of the question.

this is a disaster. I hope IPSI stays far away from these people.

as soon as this comes current, IF it comes current, I'll make my way out of this mess

Pushing for mid May Rhett stated.

Today is 6/08/2024 and still no filing. Doesn't appear it is a priority for BZWR.

Now the 3rd quarter is due 7/15/2024. No way that will be filed on time.

May be in the expert market for a very long time.

Chapter 11 is a quite possible.

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

BZWR has a June blog post. I guess that means that they are still functioning. It's at https://www.businesswarrior.com/blog#recent.

Added another decimal place today: .0002

Classic Rhettt.

Guess he didn't push hard enough. LOL.

Pushing means nothing.

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.