Platinum Update:

BWMG up 25%

So far this Platinum Member Alert on BWMG has been going very well.

 

After sending the alert to all of you, just last night, we saw a 66.66% move very early on in the day. By the close the stock was up 25% due to a last minute trade to push the price down. We still believe that there is a great deal of strength left in this stock for this week.

 

In our announcement last night, we made it clear that while BWMG has stayed on top of public releases of financial filings and quarterly reports, they had only released 2 real press releases since July 23rd. We also informed you that because of the company continuing to have a strong following during its time of silence, we expected a strong push when news finally did break. After saying that just last night, the company released a strong press release this morning, announcing increased revenue and gross profit margins:

 

“Third Quarter 2012 compared to Third Quarter 2011

Revenue increased 50.2% to $990,388 in 2012 compared to $659,261 in 2011.

The gross profit margin increased to 39.3% in 2012 compared to 25.6% in 2011

Total operating expenses increased from $361,341 in 2011 to $483,735 in 2012.

The loss from operations was 94,915 in 2012 compared to a loss of $192,331 in 2011."

 

"Nine months YTD 2012 compared to Nine Months YTD 2011

Revenue increased 45.1% to $2,349,004 in 2012 compared to $1,619,355 in 2011.

The gross profit margin increased to 33.4% in 2012 compared to 24.2% in 2011

Total operating expenses increased from $999,260 in 2011 to $1,419,074 in 2012.

The loss from operations was $633,481 in 2012 compared to a loss of $607,765 in 2011.”

 

To see the full report, click here: http://finance.yahoo.com/news/brownies-marine-group-reports-third-132438994.html

 

Needless to say, there is a great deal of real progress coming to BWMG. As of yesterday the average daily volume for this company was only 8,800,000 million shares. Today, after our alert 44,631,968 shares traded in this company. We expect more to come from them from here on this week. We suggest that you keep a close eye on this one.

 

Good Luck out there Platinum Dreamers!

~Penny Stock Dream

 

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