Alexander Fraser Purdon, a major owner of Brownie's Marine Group, Inc, recently acquired 7,608,322 shares of the company. The buys took place at $0.00 per share, on dates ranging from January 31 to May 31, 2015. Purdon now owns 19,426,862 shares of the company. Purdon operates out of Gainesville, FL. Some additional info was provided as follows:
Since March 8, 2012, the Issuer has agreed to pay the Reporting Person's bonus compensation in restricted shares of common stock, in lieu of cash. The number of shares paid is based on the weighted average sale price per share reported on the OTC Markets during the month the bonus was earned.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever Brownie's Marine Group, Inc makes a similar move, sign up!
Other recent filings from the company include the following: