No 8k means nothing material was demonstrated. Its just more of the same ole BS that they have been shoveling for 13+ years.
The stock was 88 cents and I was wanting to pretend short 100k shares.
I predicted the stock would go to 10 cents or less.
We are only at .34 so its held up a lot better than I expected. Down only 61% or so.
But, If my pretend short was real, I sure as heck wouldn't cover. I submit the real value of this company is less than zero.
Because they have a negative net worth with no reasonable chance of future profits forever into the future.
You ought to love todays $392.
Its going to have to go lower to tempt me back in for more.
I sold most in the tender and before.
My biglari discount must be larger than yours.
Low was $4.86 so it would have filled.
Will be very interesting to see if Becker Drapkin steps in and buys. If they do I suspect the stock will rebound before we can buy at their prices.
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.