{"id":6084,"date":"2015-06-26T14:16:02","date_gmt":"2015-06-26T14:16:02","guid":{"rendered":"\/?p=6084"},"modified":"2015-06-26T14:39:33","modified_gmt":"2015-06-26T14:39:33","slug":"boreal-water-collect-otcmktsbrwc-back-in-triple-zeroes","status":"publish","type":"post","link":"\/articles\/boreal-water-collect-otcmktsbrwc-back-in-triple-zeroes\/","title":{"rendered":"BOREAL WATER COLLECT (OTCMKTS:BRWC) Back in Triple Zeroes"},"content":{"rendered":"\n

After a curious afternoon bout that sent Boreal Water Collection, Inc. (OTCMKTS:BRWC<\/a>) up 50% on Tuesday, another volatile session sent the ticker back in triple zero territory. Yesterday BRWC<\/a> slipped 25%, very nearly wiping its Tuesday move in full. The price stopped at $0.0009 per share after 215 million shares changed hands.<\/p>\n

Heavy selling pressed BRWC<\/a> under its previous close almost immediately after the opening bell. People were cheering at the company eliminating convertible debt just a day ago but some may have taken the time to read the BRWC<\/a>‘s latest filing in full.<\/p>\n

The company put up an 8-K on June 23. This revealed that a total of 2.14 billion new shares saw the light of day between November 2014 and June 19, 2015. A significant portion of those was known and embedded in the company’s previous filing – its quarterly for the three months ended March. In the 10-Q BRWC<\/a> reported having 2.02 billion common shares outstanding on May 6, 2015.<\/p>\n

The catch is, the new 8-K reveals another 1.15 billion new shares saw the light of day between May 6 and June 19, 2015. This practically means BRWC<\/a> diluted its already bloated OS by another 50+% within the space of a month.<\/p>\n

Back in March 2015 the company only had 913 million shares, making the three-month dilution percentage about 200%.<\/p>\n

Of course, clearing convertible debt is a good thing but when the shares issued to do it are priced between $0.0002 and $0.0004, and there is over a billion of them, things are not so exciting anymore.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a curious afternoon bout that sent Boreal Water Collection, Inc. (OTCMKTS:BRWC) up 50% on Tuesday, another volatile session sent the ticker back in triple zero territory. Yesterday BRWC slipped 25%, very nearly wiping...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1617],"class_list":["post-6084","post","type-post","status-publish","format-standard","hentry","category-news","tag-brwc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6084"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6084\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}