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That could be inventory, aka assets they can sell and make profit off of. The lender owns something like 60% of the OS, as I recall, and is thus
lending himself money.
This stock belongs over a dime.
I was wondering how long it would take folks here to find that major BWMG news:
BLU3
Brownie-s-Marine-Group-s-Subsidiary-BLU3-Becomes-Exclusive-Distributor-of-SeaNXT-Elite-Underwater-Scooter
Exclusive Distributor of SeaNXT Elite Underwater Scooter
http://www.globenewswire.com/news-release/2024/01/11/2808276/0/en/Brownie-s-Marine-Group-s-Subsidiary-BLU3-Becomes-Exclusive-Distributor-of-SeaNXT-Elite-Underwater-Scooter.html
$BWMG woke up Friday. Huge ask slap rally, and some one made sure all the BWMG shares are now on the ask at the highest price the brokers allow, as a result the shares have gone from ETB Easy to borrow, to HTB hard to borrow, and now this:
https://finance.yahoo.com/news/us-stock-short-sellers-down-223938523.html
US stock short sellers down $145 billion in 2023 - Ortex
A late-year surge in stocks is exacerbating the pain of short-sellers, who are on track for their worst collective annual loss since 2020, according to data and analytics company Ortex. Short sellers - who aim to profit by selling borrowed shares and buying them back later at a lower price - are down over $145 billion for the year, according to...
You sound like the obvious one that is short and trying to pretend there is no devil, never was a devil, and that your short position of at least 1.2 mil shares does not exist, or you would not be the only barking up the wrong tree here making so much noise? Either that or you blind in one eye and can not see out the other?
Fact: 1.2 Million shares were borrowed to hide them from the FINRA end of month short interest data collection today.
https://fintel.io/ss/us/bwmg Is the official source for the Finra data.
You can bark all you want, just helps raise the post count here and get more eyes and buyers on the stock, and raise the question of why thou art protesting so much about the truth?
So Bark all you want. You were in diapers when I was started trading stocks. Have a nice day.
Oh, and the Ex-CEO is still a director, and thus not allowed to sell with out filing a Form 4. So enough of that BS story.
Naked shorts are a well known, common problem. Theft Street pays the elected officials to hide the evidence and bodies. Don't Forget Enron, Bernie Madoff who ran Nasdaq before building his multi Billion dollar Ponzi scheme that the SEC refused to their jobs to expose them both. And the biggest scam of them all CDO's by Lehman's Brothers that printed trillions of dollars of vapor wear phantom scam packaged mortgages..
Nemo by $BWMG
Like snorkeling, but better.
$BWMG is disrupting the $25 billion per year scuba diving industry.
$BWMG owns The Nemo, the world's smallest, portable, battery operated dive system. Nemo is $BWMG's fastest growing product.
Nemo is available on Amazon ($AMZN) and has been rated 5 stars by consumers!
Watch Nemo in action!
Nemo has an aesthetically pleasing Instagram with a growing following. And they've recently joined Tik-Tok as well:
Nemo is driving serious revenue growth at $BWMG, as evidenced by their
quarterly report in November and management commentary:
They introduced a brand new product to the market and generated over $1 million in sales through Q3. How many OTC stocks can say that?!?!
Judging by reviews on Amazon, and their own commentary from Q3, sales trends are clearly going in the right direction!
As the above financial snapshot shows, $BWMG has other products too. Their "Third Lung" product contributed over $2 million in sales through Q3 2020.
That is a 24% improvement compared to the same period in 2019. $BWMG has direct exposure to the boating industry through their diving products.
The boating industry is BOOMING thanks to Covid-fueled trends! Just see headlines like these:
What's good for the boating industry is good for the recreational diving industry as well. All of this directly benefits $BWMG!
$BWMG recently uplisted to the OTCQB, showing management is serious about adding value to shareholders.
Insiders own 75% of the outstanding shares leaving only 77 million shares in the float:
Of those 77 million shares, more than 50% are owned by members of this iHub board who are committed shareholders and big believers in $BWMG!
The bottom line on $BMWG
The company has REAL sales from REAL products. That alone puts it ahead of 99.9% other OTC stocks.
We're waiting on the next sales figures (expected on March 31st, 2021) and when the rest of the OTC world wakes up and
sees the success $BWMG is having, the stock will likely trade much, much higher!
Can you imagine how many Nemo's they're going to sell as the economy opens back up and everyone hits the beach???
Forward looking events to be excited about $BMWG
1) Q4 Financials are due out by March 31, 2021. We're expecting to see more sales growth!
2) The Reopening of the economy will bring a ramp up in travel and tourism which should benefit the recreational diving industry and $BWMG!
3) Nemo's next generation product, Nomad, is slated for release this summer! Nomad can go 20-30 FT deep!
Below are links to other important info for $BWMG:
Link to otcmarkets.com profile
Link to all Press Releases
More info on Nemo
Info on the Third Lung
Info on the Sea Lion
Latest quarterly report
Summary DD post
BWMG Contact Info
Brownie's Marine Group, Inc.
3001 NW 25th Ave. Suite 1, Pompano Beach, FL 33069
Phone: 954-462-5570
Fax: 954-462-6115
