Replies to post #12029 on Brownie's Marine Group Inc (BWMG)

[bman]

They have already lowered to 1 billion.
From Dec. 16, 2015 8k:
Effective December 15, 2015 the Company filed an amendment to its articles of incorporation with the Florida Secretary of State decreasing its authorized common stock from five billion (5,000,000,000) shares of common stock to one billion (1,000,000,000) shares of common stock.


BWMG!!!!!

[micham2012]

I doubt that there are many "serious investors" attracted to a company with a market cap of $350,000 or so. If you invest a very modest amount, you wind up owning 5% of the Company.

The share reduction to 1 billion did not bring a stampede of investors, and I doubt that a further reduction would make much difference. Earnings of $250,000 - $500,000 in Q3, on the other hand -- now that might help push us above $.01 and perhaps even higher.