Brownie's Marine Group Inc (BWMG)

[Trth4Sail]

This is not an easy question to answer with any real certainty, I do not believe we have NOT seen much dilution in the past 3 months personally.

Only 776,362,700 shares have been traded in the past 3 months.

Of that -
25 days closed below HOD
17 days closed at HOD
17 days closed even to open price

We also had zero volume on a few days as well as holidays in this time period

All in all last reported SS placed the OS at 377,276,252 which means our daily average for all days trading occurred (not including holidays or weekends) would be 61 days or a daily average volume of 12,727,257

This said, I don't see much room for dilution having occurred

I'd say the last reported OS and Float are still within that same range as of today!

This is my opinion based on several years of watching and playing the markets - if a company is diluting IMO we would have seen daily average volume closer to 15-20% of the OS total which would have been about 37,726,252 in volume average a day!

Keep in mind according to the last quarters numbers they showed total revenues of $990,000 and gross profit of $389,000! This has gone UP each quarter.....

Gross Profit

March 31st, 2012 $136,000
June 30th, 2012 $261,000
September 30th, 2012 $389,000

This IS NOT reflected in the current Market Cap of $301,821 IMO as total gross profit for the first three quarters is $786,000 without any multipliers!

My guess is that the fourth quarter is around $500,000 in GROSS REVENUE placing BWMG at around $1.2 MILLION in gross REVENUE for the year end!

This places the PPS at a reasonable level of .0031 WITHOUT any multipliers!

They have almost DOUBLED their GROSS revenues from these same quarters the previous year!

Go BWMG!