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We have lost REAL TIME LEVEL 2 on the OTC because of the delinquent filings.
https://www.otcmarkets.com/stock/BWMG/quote
Not true. We have a yield sign, not an EM tag.
If true it would be good for us, as it would bar Market Manipulator MM/Broker/dealer/Hedge fund criminals from manipulating the bid and ask, with legal lies, to game us, and steal from us, by naked shorting the stock.
A large auditing firm was just assassinated by the SEC Friday, for fake audits. 14 Million dollar fine, and they can never practice again.
Lucky for us Borgers was not the BWMG auditor
How many quarters r they going to be late filing?
Gotta say not feeling great about this company anymore.
It's ridiculous that they can't file on time and I felt so good about this investment especially when they started the kick starter campaign
Z
We lost real-time quotes on OTC because of the late filings, will they be restored after we get our filings back on track?
Nice, to see it up a bit today, It would be even nicer if we got a positive ER or PR from the company soon. GLTA!!!
I use to praise BWMG for filing on time. Seems that goal has gone wayside over the years and here we sit waiting for the 10k to drop even after the extension. Anything going on over there on the east coast? Remember us the investors?
Got a little nervous when I saw the drop to .005. I hope we can get something to get this back above the sub-penny level. The company has great products just needs the world to know about them. Maybe the 10K will shed some more light on the company's progress. The stock price is looking very dismal here.
GLTA!!! We need something more at this level.
I would expect it by sometime Monday. JMO
That a strong position of ownership. You know he must be a believer. Hopefully, we have some strong news on the horizon.
BWMG!!!!!!!!!
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.
That loan could be the help they need to become cash-positive, the company has great products! Obviously, the Lender who is a director and large shareholder believes in the company to lend them the money. Hopefully, they can do something positive with the cash.
On February 8, 2024, BROWNIES MARINE GROUP, INC., a Florida corporation (the “Borrower”), promises to pay to the order of Charles F. Hyatt (the “Lender”), the principal amount of TWO HUNDRED EIGHTY THOUSAND AND NO/100THS DOLLARS ($280,000.00)
Definitely not cash flow positive yet.
PAYMENT SCHEDULE
3/8/2024 $ 2,310.00
4/8/2024 $ 2,310.00
5/8/2024 $ 2,310.00
6/8/2024 $ 2,310.00
7/8/2024 $ 2,310.00
8/8/2024 $ 282,310.00
https://www.otcmarkets.com/filing/html?id=17262572&guid=8dd-keHwt05eJth
EXCELLENT VIDEO!!! A very nice product should do very well in DUBAI and other cities on the coastal waters! This could be a game-changer for this company!!! Let the marketing begin, a very nice product.
Southern Living Magazine featuring Lauderdale-By-The-Sea is on newsstands!
Here is the online link: https://www.southernliving.com/lauderdale-by-the-sea-florida-7567285
It includes a nice mention of Gold Coast Scuba and Blu3!
I agree we just need some more eyes on this and a good PR, and a few large investors involved here. GLTA!!!
A little upward movement today.
BWMG!!!!!
Happy New Year everyone!
Wow declining share price. Anyone hear anything lately besides the right to sell a scooter? Seems pretty quiet
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...
It will be interesting to see what happens this week.
Nice post.
BWMG!!!
CEO should be answering your question here, but apparently he is goofing up somewhere.
The number of boats between Covid 19 and now is around-1.5 million. But there has been lots of international growth, especially in Asia. Anyway, for a company making 2 million per q, it hardly matters if boat TAM is 10 million or 12 million. Besides, scuba activity is exploding worldwide.
US Boat Sales Set To Sink To Decade Low
https://www.zerohedge.com/markets/us-boat-sales-set-sink-decade-low
I'm sure there is a correlation and that sales for Brownie's are following a similar trend.
Thanks for the analysis!
There's a need to get BLU3 over the recall and sales momentum back in the right direction. If I do the napkin math on the 10Q, there's a 98K net loss for the quarter, had BLU3 hit the comparable run rate for the quarter there would have been a +160K net contribution which would have been a positive net income for the quarter.
I've been a shareholder for almost 6 years and have watched the company curiously, but this is the first time I see a concrete path to profitability in the financials.
Looked at 10Q. Looks like we're getting closer to profitability. Someone picked up 100k at the ask just before the bell.
BWMG!!!
I am in One stock (recently) that raised 5.6 Million dollars in an S-1 at $4/share in an uplist to Nasdaq that 3 months later is trading
at around .33/share. There are many bargains, But BWMG has more revenue, the other is part Biotech...
I own way more shares here, been accumulating BWMG since 2014
10-Q came out today folks.
The low volume, is a lack of interest in selling. Insiders, Founders, Father and son, own about 70% of the OS, all restricted shares.
Scams are going for premium in OTC right now, so liquidity is returning.
I've often told people about the great products but lackluster stock price/trading of bwmg. As an example of a company with literally nothing trading higher than us, take a look at mrdh. Nothing going on for years and still trading higher than here. Ridiculous. I am bidding here and have recently bought. Trying to bring average down can not see how we don't trade higher eventually. I wish seller would put out actual amount he is selling and what price he wants. Then we can bid from there. This dribbling of little amounts here and there doesn't give me any urgency. So I will just sit and low ball awhile.
T
Z, in regard to the 10k trade that left the bid still at 10k, it simply went to a different MM. one that might not even of had a similar bid. To keep flow from selling institutions coming to them they will often take stock that they don't have a buyer for. They may see an opportunity to off load at ask if stock trades well. They figure they can hit the actual bid if they want. But continuity of flow is big to a MM.
As to the short, I doubt anyone is stupid enough to do it down here. I don't know anything about previous CEO but if he had restricted stock he could short against the box. I get a chuckle how companies do secondarys and say the stock is locked up for X months. First off, half the investors buying it at what is normally a nicely reduced price, will either sell stock they have or short stock,thus covering with offering stock. So let that be another instance where the street always gets around the flaccid SEC rules. Rules for thee, not for me.
T
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
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