Replies to post #14703 on 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

[Shortnlongs]

Are you sure these are not existing shares issued now coming to market as debt conversion? Shares are coming from somewhere and appear to be unlimited.I find it hard to believe OTCX to target this ticker for manipulation as it trades so thin. I believe OTCX is the outlet for these debt shares. The OTC is twisted. My thoughts are that the ticker was walked up so debt could be converted and now.....This is going to walk down to wherever it ends up once shares are sold..... .001-.0001