Amazing to me that this traded over $20 not long ago.
I was very fortunate to have sold at the prices I did. And I see no need to buy back at $7-8 either.
Its down 90% in short order but you seem to think they are winning.
I cant short it or Id wager a good chunk of my net worth doing it.
If you want to bet on a proven pump & dumper, GO FOR IT.
I cant & wont stop you.
This was after the 11 cent dividend announcement....RCKY has declared a quarterly dividend of $0.11 per share of outstanding common stock, which will be paid on September 10, 2015 to all shareholders of record as of the close of business on August 31, 2015.
The Company also announced today that its board of directors has approved, and deemed to be in the best interests of the Company’s shareholders, an amendment to the Company’s shareholder rights agreement (the “Rights Plan”) to accelerate the expiration date to August 19, 2015, effectively terminating the Rights Plan as of that date. The Rights Plan had originally been scheduled to expire on June 7, 2017.
They just don't care how cheap they sell shares. Buyers get a guaranteed 8% and stock discounted at 45%.
Retail patsies couldn't be any more stupid if they tried.
On August 11, 2015, Blue Water Global Group, Inc. (“Blue Water”) issued a Replacement Convertible Promissory Note to Union Capital, an accredited investor, replacing an outstanding Convertible Promissory Note to Blue Citi (“Replacement Note”). The rights and privileges afforded through the Blue Citi Note were transferred and hypothecated to Union Capital. The Replacement Note accrues at the rate of 8% per annum and matures on August 11, 2017.
Union Capital may convert the outstanding principal on the Replacement Note into shares of our common stock at the conversion price per share equal to 55% of the lowest daily trading price to Blue Waters common stock as reported by the OTC Bulletin Board with a 20 day look back immediately preceding and including the date of conversion. There is no minimum conversion price.
Lastly, we report within our Credit and Other Investments segment, gains associated with investments previously made in consumer finance technology platforms. These include investments in companies engaged in mobile technologies, marketplace peer lending and other financial technologies. These investments are carried at a lower of cost or market valuation, and the remaining associated book value as of June 30, 2015 is negligible given variations in the ascribed values since acquisition. Some of these platforms have raised, and continue to seek, capital at valuations substantially in excess of our associated book value. However, none of these companies are publicly-traded, there is no foreseeable liquidity event, and ascribing value to these investments at this time would be speculative. Based on the performance and/or marketability of these investments in future periods, we could have material gains for our remaining ownership in these or other investment assets.
death spiral convertable. its design is to lower the price.
On August 12, 2015 Blue Water Global Group, Inc. (“Blue Water”) received a Notice of Conversion in the amount of $14,000 and issued 2,548,045 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.005775 a share pursuant to the LG Capital Funding, LLC convertible
I see no reason why it wont continue.
This is simply the pump phase of the pump and dump. In my opinion.
Long term shareholders over Calverts tenure have HUGE losses.
Just because a stock is pumped doesn't mean its not a pump & dump.
Meanwhile the same pumpers pump MHCC and its lost over 90% of its value in a month or two.
BLUU is also down 90% or so.
I maintain everything I ever said about BLGO.
It aint about revenue or profits. Its about a cushy living with no work for its officers.
Then why are they suing me ?
Ive posted NOTHING but the truth. 13 straight years of massive losses, changing business models and 99% destruction of shareholder value.
Browning has NOTHING. No chance whatsoever at winning a suit. He is just wasting shareholder money.
Seems like a routine filing. Hasn't sold any or anything. Not sure why the stock is down. Other than typical small cap illiquidity.
1 post | Last Activity: 52 minutes ago
Member since: Aug 10, 2015
2015 Unit Offering
On January 15, 2015, we commenced a private securities offering of “units”, each Unit consisting of a convertible promissory note and Series A stock purchase warrant. The price and availability of the Units are set forth in a “Pricing Supplement” issued from time-to-time, and priced up to a 30% discount to the market price of the Company’s common stock. The Offering is subject to an over-allotment of 20%, or an additional $1,000,000 in Units, for an aggregate total of $6,000,000, and shall be known as the Company’s “2015 Unit Offering.” The Company has the right to register the common shares underlying the notes and warrants (“Shares”) with the Securities and Exchange Commission, and the obligation to register the Shares in the event we are successful in raising $3,000,000 of gross proceeds. (See Note 5.)
Purchasers of the Units will receive an unsecured convertible promissory note bearing interest at the rate of 12% per annum on the amount invested. Any interest due will be paid quarterly in arrears in cash or shares of common stock. If paid by the issuance of common stock, interest is paid at a conversion price equal to the average closing price of the Company’s common stock over the 20 trading days prior to the interest payment due date. The principal amount of the note may be paid by the issuance of shares of common stock, or cash, upon maturity at the Company’s election. When paid in shares, the number of shares to be issued shall be calculated by dividing the principal amount invested by the Unit price, as it is established at the time of the original investment by the applicable Pricing Supplement. Notes may be converted at any time by the investor, at maturity by the Company, or by the Company prior to maturity, so long as all of the following conditions are met: (i) the Shares issued as payment are registered with the SEC, (ii) the Company’s common stock closes for ten consecutive trading days at or above three times the Unit pri
And most of it is NOT spent on research. Bloated SG&A.
Calvert has a million dollar lifestyle to maintain. So what that BLGO has never turned a profit in 13 years and his shareholders are down 99%. He lives like a king.
So did Mark Roy Anderson before prison.
These clowns don't even try to hide their activities. Catching them is going to be childs play.
But, all their money goes up their nose anyway so they figure prison is their retirement plan.