Well it does not sound good, the et should be pretty light in the water even with the orginal spear fitted. Is there any weights left in the muzzle? If it is leaking I would get it back to your supplier while it's still under warranty.
i ask them, they said all of ET is like that,. maybe the et design for use in freedive, if use in shallow water it will not leaks, but i used it in scuba spearfishing (deep dive).
they also tell me to put sealant between muzzle and the barrel, now my et is under repairing. hope its work.
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