Business Warrior Corporation (CE) (BZWR) Quote

Good news for plaintiffs! I think I would settle quickly, too, while there was still something left on the balance sheet.

But maybe this helps to clear the way for the merger and/or survival so the thus combined executives can continue to be worthy of their salaries.

F/Y/I

Rhett Doolittle
@RhettDoo
We have reached a settlement at @BizWarriorLIFE
in two lawsuits that were ongoing the past several months. Settling lawsuits are always bitter sweet but happy to eliminate the distraction & stop the attorney bills. More importantly, this one improves our Balance Sheet immediately. There are still some procedural tasks to be completed before they’re 100% done. Once complete, we will share the details. $BZWR
6:20 PM · Oct 2, 2024
·
115
Views

Wow! The chart on this page shows BZWR going from $0.000001 to $0.000400 yesterday. That's a rise of 400x. $1,000 would become $400,000. Too bad the Experts didn't let me buy any. It's a shame they allowed a trade of $0.000001 or $0.000102 to transact the other day. It is like stealing money from someone, although I admit the dollar amount was very small.

Ok. I used the iHub quote on this board. They show 5 zeros after the decimal point 0.000001 as the close here on your board. Your 0.000102 is a hundred times better. I will assume iHub got it wrong.

correction market cap is


506,961,773* .000102 = $51,719.

The seller got $1.02 less commision =0.

10,000* .000102 = $1.02

Market cap is $51,612

506,961,773 *.000102 =51,612

That makes the market cap around $500. Price was down 99.83% today, is the percentage I saw, too.

Too bad for that seller of 10,000 shares when no buyers are allowed. I would have paid him at least 10 cents for his 10,000 shares, but he only got 1 cent. I might have even paid a whole dollar. In fact, if an "expert" wants to contact me, the offer still stands.

Ripley's believe it or not.

Todays trade of 10k shares were traded at 0.0000 (actually 000102).

$0.0000-$0.0006(-99.83%)



Previous close
$0.0006
Today's open
$0.0000
Today's volume
10K

Today's range
$0.0000-$0.0000

52-week range
$0.0000$0.0075

yes I was referring to IPSI shareholders but it could go both ways. Whether this ever happens or not I dont know yet.

I have doubts the merger will ever take place, there is aLways an out.


"The BW Merger Agreement may be terminated at any time prior to the Effective Time by either the Company or Business Warrior if the BW Merger and related transactions are not consummated on or before the seven-month anniversary of the date of the Merger Agreement (the “Termination Date”), provided that the Termination Date shall be automatically extended to the nine-month anniversary of the BW Merger Agreement if the conditions to closing, other than receipt of the Company Stockholder Approval and Business Warrior Stockholder Approval, effectiveness of the Registration Statement and that the Company Exchange Agreements and Business Warrior Exchange Agreements are in full force and effect, have been satisfied.



The BW Merger Agreement may also be terminated under certain other customary and limited circumstances at any time prior the Closing, including, among other reasons (i) by mutual written consent of the Company and Business Warrior, (ii) by written notice by either the Company or Business Warrior if a governmental authority of competent jurisdiction shall have issued an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the BW Merger, and such order or other action has become final and non-appealable, (iii) by written notice by Business Warrior of the Company’s or Merger Sub’s uncured breach of a representation, warranty, or covenant contained in the BW Merger Agreement that would cause the related condition to closing to not be satisfied, (iv) by written notice by the Company of Business Warrior’s uncured breach of a representation, warranty, or covenant contained in the BW Merger Agreement that would cause the related Closing condition to not be satisfied or a material breach of a Business Warrior Voting and Support Agreement (as defined below), (v) by either the Company or Business Warrior if Business Warrior holds its stockholder meeting to approve the BW Merger Agreement and the BW Merger, and Business Warrior Stockholder Approval is not obtained, (vi) by the Company if Business Warrior’s board of directors has failed to recommend or shall have withdrawn, amended or modified in any respect materially adverse to the Company its recommendation of the BW Merger Agreement or shall have recommended another proposal for an Alternative Transaction or accepted a Superior Proposal (as defined in the BW Merger Agreement) and (vii) by Business Warrior if, prior to receipt of Business Warrior Stockholder Approval, Business Warrior accepts a Superior Proposal, subject to the terms and conditions of the BW Merger Agreement."

On second thought, you may have been referring to IPSI shareholders, while I was focusing on BZWR shareholders. I don't know what IPSI shareholders may think about the merger, but they may indeed want the latest audited BZWR figures to make a decision. Perhaps, with the new auditors, BZWR can get the year closed by around Thanksgiving. You had a good point that I didn't see at first.

Shareholder approval? I'm a shareholder and I would approve without seeing more figures. I suspect Rhett and his friends would approve without more audited results. This is because IPSI is probably the only lifeline that they have.

Maybe BZWR must get current on filings for some reason, but I doubt it is for shareholder approval. The shareholders aren't mutual funds or institutions.

You propose a timeline that will never end. By the time BZWR reports, another quarter will have ended and then the cycle repeats.

All BZWR needs is votes, and they can have mine.

yes they cant do any merger without shareholder approval, and for shareholders to approve we need filings, so expect them

Another annual audit? August 31 was.BZWR's year-end. Do you think IPSI will insist that BZWR will go through three more quarterly filings including an audit of fiscal '24? Many mergers go faster than this.

I don't see the point of BZWR continuing to file unless the merger fails and BZWR can continue to operate.

You say they have to file, but why? Does IPSI require it?

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

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