Reports are out now that BEMG has retained the services of Jonathan Leinwand, Esquire to prepare Form S-1 Registration Statement to be filed with the SEC. This is to become a fully reporting SEC Company subject to the filing requirements of Section 15(D) of the Securities Exchange Act of 1934. Speaking with the company, they had this to say,
The Company hopes to file Form S-1 during the 1st quarter of 2019.
In addition the the OTCQB uplisting from the S-1, the company is planning after the clearance of Securities and Exchange Commission (“SEC”) form S-1 to officially change the name of the company to MBO Holdings Inc.
Elizabeth Karwowski, CEO of BEMG stated,
“We’re very excited about the progress we made this year to significantly reduce the outstanding shares of common stock, add new clients, increase revenues for 4 consecutive years and now the preparation of Form S-1. This upcoming name change to MBO Holdings Inc. and corresponding ticker symbol change will more appropriately reflect our strategic growth initiative as an industry leader in the FINTECH space.”
Taken together, we believe that BEMG with its new market cap from the dramatic reduction in common shares is significantly undervalued, and should be trading between $0.20 and $0.56 when the above S-1 takes effect.