At the price of .0035, BWMG appears to be a steal. Here's why:
Based on an O/S of 70,364,157(as of 3/17/15) and a 2014 year's earnings(profit) of $94369, we have a profit of .0013411 per share. Attach a reasonable PE of 25 to that and we have a share price of .0335274. Factor in the fact that if it weren't for re-location issues in the 4th Quarter of 2014, the revenues profit would have been more. Then factor in that the value of convertible debt was reduced from $526,910 at the end of 2013 to $376,645 at the end of 2014 and we have reason to believe progress is being made on that front. With re-location complete and further marketing of products, there's reason to believe revenue and profit will improve in 2015. In conclusion I think it's safe to say that BWMG may be sitting at a true value of .0335, minimum, at this time. When you factor in potential growth, we could be easily looking at .05 to .06 as the year progresses. News, additional contracts, higher than expected revenues, etc., could result in even higher pps. This is my opinion. Please analyze 10k and come up with you own conclusion.
