Replies to post #15789 on Brownie's Marine Group Inc (BWMG)

[Gatorforlife]

buying...BWMG

[BornAgain]

I agree that could be the reason for the 8K, BTW welcome to the $BWMG board!

[dickmilde]

No... It doesn't mean they did something outstanding... It means that the company doesn't have the money to pay the salary owed and the employees were paid using stock instead.

"On April 28, 2020 Brownie’s Marine Group, Inc. awarded two of its employees an aggregate of 1,333,333 shares of its common stock as additional compensation for their services to the Company"

[ZNSTATED]

From your lips to God's ear lol

Welcome to BWMG

Z

[Ecomike]

Actuall one of the two was a director, that already owns what must be 60% of the OS shares that he paid cash for the last 2 years to fund the BLU3 NEMO diving rig developement, and the 8-K shows he is spending another $500,000 to buy more shares at2.5 times his average cost of the older shares.

That says all the market needs to know!!!!

The other is CEO incentive plan, warrants for shares he can buy at 4.5 cents, IF he reaches revenue and profit goals set for him that would already send the stock price to a $1/share