Boreal Water Collect (OTCMKTS:BRWC) Enters Triple Zero Land

Boreal Water Collect (OTCMKTS:BRWC) was dragged kicking and screaming all the way down to $0.0009 during yesterday’s session, in yet another horrifying display of what looks like a bad fit of share dumping.

Yesterday’s drop, as well as that which happened on May 15 and May 19 should not really come as much of a surprise to anyone that has done any due diligence on BRWC.

A glance at the company’s financials reveals the following unimpressive figures:

Cash – $125 thousand
Total current assets – $542 thousand
Total current liabilities – $2.3 million
Sales – $531 million
Net loss – $301 thousand

Perceptive report readers would have noticed that most of the $2.3 million listed under “Current Liabilities” are in the form of debt with conversion provisions that are, by all accounts, quite toxic.

A perfect example that shows just how toxic said debt is, is the announcement that in the first quarter of 2015 alone unrelated parties have acquired over 133 million shares at $0.0006 a piece as a result of conversions. As the charts indicate, at the time of the conversions, BRWC‘s prices per share were closer to $0.002 than to what said unnamed parties actually paid for said shares.

Another 320 million shares were issued to more unknown parties at $0.0003 per share in the span of the last two months or so.

In conclusion – there is a lot of toxic dilution going on in BRWC, and one look at the charts makes it clear why “unrelated parties” may want to dump their dirt-cheap shares on the market, before the ticker stumbles low enough to make said dump unprofitable. The end result is that BRWC stock has been diluted 488% in the last six months alone.

Investors who value their money should definitely take such details into account.