Replies to post #18333 on Brownie's Marine Group Inc (BWMG)

[dickmilde]

I continue to see some things that are positive

Yes, it was a down quarter compared to last year but if you look at the details it was down primarily due to the Nomad recall. Adding that amount back in would give you a flat Q as far as sales go. I can make a case that the balance of the business is doing as good as could be expected given the overall economy.
Two other positive numbers I see is the 21.7% reduction in SG&A expenses and the 93.7 % reduction in stock based compensation. That's a good indication that management understands that keeping expenses under control is very important. To get these numbers down during the same time that sales are soft is a commendable accomplishment. Many businesses have a hard time reducing expenses when sales are soft.

My overall opinion is that management is doing a respectable job of running the business. I have said many times in the past that they need to find a way to increase sales. Right now the Fed is determined to continue the fight against inflation and the result will probably be a slower economy so it won't be easy.

[Ecomike]

Time to trade this stock at a dime folks.

$BWMG lets rock and roll fishies, time to whale on the ask.

The float could be bought at today's price for under $800K
which is just 10% of annual revenue, which is growing fast on a year to year basis.

Bottom is solid and has been for years now at this level.

Last 2021 rally high was 900% higher and all it took was me finding a handful retail folks to buy shares

Insiders are not selling, and holding for Nasdaq, because they have no exit on OTC, while they grow the company the right way.

$BWMG has not toxic debt, never has.

It is time, IMO to catch up with 5 months market bounce on OTC stocks..