Business Warrior Corporation (CE) (BZWR) Quote

ok they filed a quarter, they have to file everything before any potential of moving forward on the proposed acquisition. I see the revenues are in line with what they have been doing. Nothing impressive yet but money problems

However, they have a long way to go.

They still have to file the 2nd Qtr.,the3rd Qtr., and now the upcoming Year end 8/31/2024 with the attorneys letter.

A miracle!!!

Rhett Doolittle
@RhettDoo
We posted our Q1 financials at $BZWR today. On our path to getting back into full compliance & complete this merger with $IPSI.
2:38 PM · Aug 30, 2024
·


A couple of new lawsuits Though:( the 1st one may have been
known before, not sure)

On January 26, 2024, Business Warrior Corporation was named in a lawsuit filed by Adam Spencer, ELEV8 Advisors Group LLC, EVRGRN Industries LLC, and derivatively on behalf of Business Warrior, alleging various causes of action related to the Company’s prior disclosed agreements with EVRGRN and ELEV8. The resolution of this dispute may influence the contingent liability recorded with EVRGRN. The Company believes that the lawsuit is without merit and is vigorously defending it. The Company is also contemplating filing a counterclaim in this matter.



American Express Travel Relates Services Company, Inc. vs. Business Warrior Corporation, Index No: 651767/2024, Supreme Cour of the State of New York.



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 $72,186.52 plus legal fees. Business Warrior Corporation is working to settle this case.

Couldn't agree with this more that someone posted on BZWR's and Rhett's (CEO) X (TWITTER) ACCOUNT:

"Well we know now this was all BS now that the anticipated aquistion with IPSI has been announed. These financials will never be filed and BZWR knew ths all along.

Now the SH are forced to accept ISPI shares since they cannot sell their positions in the expert market."

Selling has brought BZWR's merger partner IPSI down to about 52-week-low levels this week. How low will it go?

Experts are moving BZWR up a little. Maybe they will soon start guessing how many IPSI shares BZWR will convert to.

LOL What a joke of a stock and well your response as well.

I do not lose money ever.
Tell you you’re a liar without being actually saying your lying!!! 🤣

All IMO of Course.

You realize that since you can’t even do proper DD… you posting you “sold” is not fact… it’s simply you tossing false information to play your narrative.

Post a screen shot and maybe we’ll believe you but with your history… probably not going to happen.

Its okay, No one believes you ever!!!

All IMO of Course.

Well take the time. You will find it. it was posted a long time ago.

Really do not care wheter you believe it or not. No skin off my back.

I do not lose money ever.

I dont think anyone on this earth or universe would take the time to lookup if you sold a stock or not… as your answers can never be considered truth 🤣

Facts are simple here… this is on the Expert market and they have as much credibility as any of your posts.

Enjoy bag holding as that’s all that happening here, just read the filings, its a true joke.

All IMO of Course,

LMAO.

Guess you haven't read this.

But i sure you did!


I SOLD BZWR @.35 years ago.

As usual this company is full of lies and just taking your money.

Do some real DD and find out for yourself.
Hope you didn’t loose to much here but from the looks of it… LOL!

Maybe you should average down?

All IMO of Course.

Have a feeling the merger won't happen untill next year. if it does at all, and BZWR will remain in the expert market ubtill then. BZWR has no intention to file financials unless the merger falls through.

Bu then again, if the merger doesn't happen, i see CH11.

A $3.32 trade took BZWR down 14% to $0.0006. Maybe the Experts protect new investors from hurting themselves, but they sure do a job on existing shareholders. They can have no benefit coming from good news or announcements, and just have to wait it out. They can sell, but the price will be low because most are ineligible to buy. I would buy a million shares for $600 in the present scenario, but can't.

The 8-k indicates that the merger is on track and did not fail between March and the present time. The BZWR and/or IPSI creditors have had time to blow this up if it was in their best interests, but of course they still could. What is the delay, then? The auditors' dumping of BZWR must be part of it, I would guess. I hope BZWR gets the notices out to shareholders soon and completes the transaction.

8-K filed today on the merger:

https://www.otcmarkets.com/filing/html?id=17725086&guid=9VO-kpJukIACJth

No idea about pushing the price (maybe when the actual closing of the merger takes place)

Right, BZWR will probably not get out of Expert Market before the merger closes.

IPSI might convert notes and exercise warrants prior to the merger closing, ya. (at 0.345$ for the vast majority of these convertibles securities)

Ya, for sure the ratio won't be 1:1

Will the Experts push the share price up to around the March $0.004 you are talking about?

I could see it be the average trading price in the 20-30 days preceding the moment BZWR went to the Expert Market

Time will tell.

I think the audit is what will be relied upon for the deal to go through. I see no need to worry about qualifying BZWR shares to trade again. They would be converted to IPSI.

But IPSI may dilute quite a lot to handle having 45% of the shares outstanding going to BZWR holders.

I have no idea how close $0.004 is to reality, but if IPSI is 25 cents/ share, 1,000 BZWR would convert to 16 IPSI shares.

Unfortunately, the IPSI Definitive Agreement doesn't mention the requirement to fill anything beyond what has already been filled by BZWR in 2022-2023

It doesn't mention the need for BZWR to become Pink Current or even Pink Limited.

I highly doubt the price while in EM will be used for establishing the merger consideration

I could see it be the average trading price in the 20-30 days preceding the moment BZWR went to the Expert Market

The Preferred A converts into 15.50% of BZWR Total shares outstanding

The Preferred B, it gets much more complicated to determine, but... It's supposed to be 80% of avg 20 days prior to conversion (but usually, price while in EM, can't be used for something like that)

Personally, I used 0.0035$ x 0.80 = 0.0028$

Screw that... As of December 31 2023, there is no Preferred B outstanding according to BZWR 10-K (IPSI 8-k confused me, because they used the capitalization of BZWR, prior to 2023...)

Preferred C:

50K outstanding

VERY WEIRD conversion term...

"The original issuance price divided by the average closing price of a share of Common Stock on the principal exchange or market on which such shares are then trading for the 20 trading days immediately preceding the date upon which the Notice of Conversion is delivered to the Company. However, in no case shall the Series C Conversion price multiplied by the total number of shares of common stock issued and outstanding be less than $30,000,000; nor shall the Series C Conversion Price multiplied by the total number of shares of common stock issued and outstanding be more than Fifty Million Dollars ($50,000,000). In such case, the Series C Conversion Price shall be adjusted so that the Series C Preferred Conversion Price per share multiplied by the number of shares of common stock then issued and outstanding shall be $50,000,000."

minimum 30m$/Shares outstanding prior to conversion

https://www.otcmarkets.com/filing/html?id=17376571&guid=nBO-kFOBnUo6B3h

But these Preferred C are currently being contested in court

"There are 50,000 Series C Preferred Shares authorized and 50,000 Series C Preferred Shares issued and outstanding. These shares were issued in conjunction with the FluidFi transaction and as part of the Company’s lawsuit against Timothy Li, is seeking the return of these shares. See Item 3 Legal Proceedings"

https://www.pacermonitor.com/public/case/46960456/Business_Warrior_Corporation_v_Timothy_Li_et_al

The Case had some recent Developpement, but no definitive conclusion, for any side, as of now.

84.36m warrants exercisable at ~0.0125$

3.75m Stock Option exercisable at 0.02$

Yeah, good point. It doesn't make much sense, beyond maybe making it look like it's not a bad merge to their current holders? I don't know

Yes, no more BZWR stock after closing.

The July Agreement with IPSI could say that BZWR must file, but I don’t know why it would. Since they don’t intend to trade as BZWR anymore, why take the time and expense?

Maybe BZWR will be required to be current with filings in order to merge. If so, I imagine with the news BZWR would be able to go over a penny in value. I'm not sure what the conversion rate would be in that case. Will BZWR cease all together after the stock conversion takes place? Thanks by the way for answering my questions. I've never dealt with a merger.

Your math is correct. But, remember, the Expert Market may be way low since they are only buying shares and not selling because the market is not free and open. The value on closing day could be much higher depending on many things.

Could the shares go back to pre-Expert Market ranges? Maybe hit one cent or more? Yes. But a lot depends on the load created by the preferred shares to be converted to common.

So with those figures one million shares of BZWR would be equivalent to 2000 shares of IPSI at a 2 for 1000 share conversion no? At current IPSI price that's like what $280 dollars...LOL. Or am I doing something wrong here?

Nothing to do, the shares should convert automatically in your account, in my opinion.

If the Experts have the price right .0006 in consideration of the anticipated merger, then 1,000 BZWR is now worth 60 cents. So, you might be awarded 2 or 3 IPSI shares for each 1,000 BZWR shares that you have.

Now, it is possible that these Experts have vastly underpriced these shares since realistically, there are NO BUYERS ALLOWED unless you are a big money guy who would never consider plays like this, (or a Canadian, ha ha ha).

If so, who knows, maybe you would get more than 10 shares of IPSI for each 1,000 shares of BZWR.

How will it play out? I guess we should expect a notice to the stockholders for a vote soon. Most due diligence should be done by now, between the February Letter of Intent and the July Agreement. But the audit is still due and are the creditors all lined up?

Big questions remain. Will IPSI issue new shares to cover the 45 % allowed to BZWR. If so, that should cut IPSI’s share price in half.

And, how many common shares will BZWR have outstanding at closing? Will each BZWR preferred share get just one BZWR common share? Or will they get 10 or 100 for each share? We will see how piggy things get. Pretty soon, I suppose.

But, Rhett deserves credit for surviving and at least taking the common share holders along with him. Many times they get dumped in a restructure. And, who knows, the combined new outfit may prosper and grow. The payments software release could be the next big thing.

Do we have to do anything to get our common shares converted, or do they just automatically change to IPSI shares in the account where the BZWR shares are being held? I imagine we also won't get the exact amount of BZWR shares that we own converted to IPSI, seeing that IPSI is trading significantly higher then BZWR is. How does this usually work?

I never said BZWR is exempt from filing!!!

I said they won't file because at this point it is irrelevant.

BZWR has no choice to merge, otherwise they will have to go into CH11.

If as you state,I know next to nothing about BZWR how can you comment about BZWR

I know BZWR and the management very well, and they will merge, they have no choice.

I know next to nothing about BZWR, but have held some IPSI for a while. I wouldn't draw the conclusion that BZWR is exempt from filing the missing quarterlies. First, the 8-k for the merger hasn't been filed yet. It's quite likely, if the IPSI team is smart, that a condition requiring BZWR become current on filings is included in the agreement. This is standard for most M&A deals. Moreover, the convert holders in BZWR are likely demanding it as well. Second, BZWR management shouldn't proceed under the assumption that the deal is 100% done. Consequently, they should want to become current to restore proper trading (of course, this is the OTC). I believe a key factor motivating this deal has been the convert holders and the desire to simplify the capital structures of both companies.

The IPSI payment JV is the game changer here. It's behind schedule (to put it mildly), but that's the catalyst to get the market cap much higher. The IPSI CEO also has options that strike at $4.50/share, so he has a lot of incentive to get the stock price higher. At his age, this is his last rodeo so he needs to make this work.

It will be interesting to see if BZWR actually files like they claim and if they do

BZWR has no reason to file anymore, it is irrelevent unless for some reason the deal falls through.

They must have financials, because i find it hard to believe a company would (IPSI) would go through with a merger without knowing what BZWR's liabilities are since they will inherit those liabilites. No financials for the 1st and 2nd quarters this late, seems strange for this size company.

True IPSI needs the technology, but how were sales at BZWR going, the public does not know.

This is a review from an employee for BZWR:


Jan 4, 2024

Cons

unknown financial situation


The purchasing co.(IPSI) is a company with a horrendous Balance Sheet (see otcmarkets.com), and also BZWR, however better than IPSI.
All that is going to come out of this is a much bigger company with an horrendous Balance Sheet on a Consolidated basis.

I do not trust Rhett (CEO). Why did they hire a new CPA firm and dropped by the previous CPA firm, and indicate the financials along with the 3r QTR. be on time(a rhetorical question).

On June 24,2024 from the CEO.

"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"

I believe BZWR knew they will merge . Never did he give any indication they were interested in the deal. They mentioned the offer once quite a while ago, but in general terms.

I believe they were just stalling and stalling until they worked out the deal. Regardless whether they are in the expert market. Rhett could have given some updates (more than the cheerleading type) if he cared about shareholders. Rhett is all about himself and family . The 1A shares were for family of friends i believe he once said.

Just my opinion. when the IPSI shares are recieved (if so) sell the shares. To me both CEO's are two of a kind.

BZWR will never leave the Expert Market and trade freely again. Shareholders will simply receive IPSI shares. I hope the deal closes quickly. They should have done most of their due diligence by now since this proposal is fairly old. Maybe they are near ready to go or maybe they are pressuring their creditors into what is probably their last shot to recover on their loans.

IPSI needs an operating business ultimately to move to a higher exchange, and BZWR may be a good fit, though we have no recent filings to tell us how well they are doing thru this last year. Keep in mind theres plenty of due diligence that still would need to be done, so we're a ways away from anything happening. It will be interesting to see if BZWR actually files like they claim and if they do, what the share price will start trading at, theres no way to really know.

Any thoughts about today’s big BZWR news? We have all been fed up with all of the failures, but what do you think comes next? Has IPSI picked a good fit, or poisoned itself?

Rhett will have to tell us. I don’t think how much the common stock that preferred shares will convert to has ever been announced.

Don’t get your hopes up but at least the result won’t be zero. Just something near zero.

Someone do the calculation: 1,000 shares of BZWR common will get you how many shares of IPSI?

The Experts moved BZWR to .0006. But that may not be where the value would end up.

Realeased today.

Innovative Payment Solutions and Business Warrior Corporation Sign Definitive Merger Agreement

July 29, 2024 09:00 ET | Source: Innovative Payment Solutions, Inc.


LINK:


https://www.globenewswire.com/news-release/2024/07/29/2920307/0/en/Innovative-Payment-Solutions-and-Business-Warrior-Corporation-Sign-Definitive-Merger-Agreement.html?_hsenc=p2ANqtz-9vj0QVG2QZGiKOtY-D5QVpDWC30Y8XyJHVsrltqU_5Q52H3Erx5ejTUmTPYapEdOwKew3QIMCawE9c7mQABOTJaQRSkw&_hsmi=317740167


BW_Logo_Color_Dark-Nov-09-2020-11-32-57-39-PM

Dear Valued Investors,



Our team is thrilled to share some groundbreaking news that marks a significant milestone for Business Warrior Corporation (OTC:BZWR). We have entered into a definitive merger agreement with Innovative Payment Solutions Inc. (OTCQB:IPSI). This strategic merger is poised to drive future growth and unlock new opportunities for our company.



Key Highlights of the Merger:

Enhanced Capabilities: The merger combines the strengths of Business Warrior and IPSI, creating a dynamic entity poised to capitalize on emerging opportunities in the financial technology space. This alignment will enhance our service offerings, drive innovation, and open new market channels.

Shareholder Value: As part of the deal, BZWR will merge with and into a newly-formed, wholly-owned subsidiary of IPSI, with BZWR surviving as a wholly-owned subsidiary of IPSI and BZWR stockholders receiving 45% of the outstanding post-closing shares of IPSI common stock (OTCQB: IPSI).

Convertible Note Recapitalization: Common convertible note holders of both companies will exchange and cancel their notes for newly-issued Series A Convertible Preferred Stock of IPSI, subject to negotiation and stockholder approval.

Board of Directors: The new board will consist of five members: two appointed by IPSI, two by Business Warrior, and one independent member mutually agreed upon. This balanced representation ensures strong governance and visionary guidance.

Operational Continuity and Growth: The integration will optimize talent and networks, driving business growth. The merger aligns our scalable technologies, paving the way for increased revenue generation and profitability.






If you have questions, please contact investors@businesswarrior.com



Thank you for your continued support.



Best regards,



Rhett Doolittle

CEO, Business Warrior Corporation

Business Warrior, 455 E Pebble Rd #230912, Las Vegas, Nevada 89123-0912, United States

Unsubscribe Manage preferences

Rhett is not saying much this year. Why? Because stock price can't rise because NO ONE CAN BUY BZWR from the Experts. There is no need to talk up the shares because they are not available*. But, the new auditors came aboard on June 12 and maybe they will find that the company is solvent.

*Maybe mutual fund managers or brokers or even Canadians can purchase, but they won't

That’s because you’re left holding the bag on this one… guess you should have researched a bit more before.. tho we know research is not your forte.

BZWR is dead in the water, gone dark!

LMAO. So angry from someone who doesn't own any BZWR stock.

Too funny,

That’s because you’re left holding the bag on this one… guess you should have researched a bit more before.. tho we know research is not your forte.

BZWR is dead in the water, gone dark!

https://www.otcmarkets.com/stock/BZWR/overview

Ouch I see BZWR is on the Expert Market and is Delinquent in SEC reporting.
Statistic show that a very slim number of companies that hit the Expert Market, ever return to the OTC.

Sell while you can before this one has no more buyers… or has that already happened?

All IMO of Course,
Good Luck to ALL who have lost here.

Just a note.

IPSI thecompampany that made an offer for BZWR is up 106% in the last month, and BZWR stlii cannot produce a financial statement for 11/23. SMH.

Wonder if the offer still stands, Haven't heard anything.

Market cap is $100k at the $0.0002 level. I wouldn't be surprised if the experts don't take 90% off again like they did in May, and go to $0.00002, since no one can buy. $10k market cap seems about right. I own about a half of a percent of the company, so that's not much money anymore.

No financial data after August, 2023. I don't think even any sales volumes have been touted since their year closed then. Completely dark for almost a year, yet no news that the creditors are closing in. (At least, no filing to SEC of a significant company event has been made regarding financing.)

I am pretty sure this means nothing, this morning a bid and asked is shown on my Schwab account for the first time since they went to the expert market. They haven't filed as far as i know.

Could be just a quirk.

Shows bid .003 asked .005. Possibly, this could be what the bid and asked was the day before BZWR went to the expert market.

Remember this:

@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!"

Well Monday the 3rd Qtr. is due. So, will we see all three quarters filed by then.

History of BZWR PR's indicate no way.

Will this time be different?

Yes.

Also, i do not know how much work was done on the 2 quarters, but any reputable CPA firm taking over would have to verify the numbers again before they sign off on the statements.

That could take a while.

yeah thats a disgrace coming in that direction from the accounting firm. And they were supposedly working on this all this time, as far as I can tell the company lied to us, infuriating.

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!!!