Brownie's Marine Group Inc (BWMG)

[dickmilde]

“there has been no dilution here...”
From the recent 8k dated 11-20-2018:
https://www.sec.gov/Archives/edgar/data/1166708/000149315218016564/form8-k.htm

On November 15, 2018 Brownie’s Marine Group, Inc. entered into a Note Conversion Agreement with Joe Perez (the “ Noteholder ”) pursuant to which the Noteholder converted $526,000 of principal and accrued interest due him by us under the terms of a 10% unsecured convertible debenture dated May 3, 2011 (the “ Note ”) into 50,000,000 shares of our common stock (the “ Conversion Shares ”) in full satisfaction of such obligation. The Conversion Shares represent approximately 32% of our outstanding shares of common stock, giving effect to such issuance