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.
Because he doesn't care how much money shareholders lose. They are just there to get money from.
Any financing is more than he deserves because his business plan is not viable. He has no experience and no capital.
It was obvious how this would turn out.
They are PAID TOUTS and they don't even try to hide it.
Here is my wager. a year from now. BLGO will be down at LEAST 50% from the current 39 cents.
In 5 years, down at LEAST 80%.
Remember, I don't make anything either way. Paid touts always get paid to tout. With cash or free shares.
On August 6, 2015, Blue Water Global Group, Inc. (“Blue Water”) amended its Articles of Incorporation to increase its authorized capital. This was required to remain in compliance with certain debt covenants relating to some of Blue Water’s outstanding convertible promissory notes.
Blue Water now has authorized capital stock of 2,500,000,000 shares comprised of 2,495,000,000 in common stock, $0.001 par value, and 5,000,000 in preferred stock, $0.001 par value.
Keep your eye on the big picture.
Those with Calvert for the last 13 years have lost 99% of their investment.
The recent move is just another pump & dump. There have been dozens over the years. The long term trend is intact. They have always lost money and they always will.
Remember when Odor Be Gone was going to take the world by storm ? Except it didn't.
And PRLS ?
They have been issuing shares like they grow on trees for 13 years. I doubt its going to stop now.
They have to fund HUGE LOSSES every quarter.
There will never be any material revenues in my opinion, I think its all a huge pipedream.
It seems to me we ought to be trading at or above book value.
I question if they even own the restaurant. Or if they do, how they can even afford insurance.
Their advisory directors or any insiders have ever bought shares in the open market.
I would bet 90% of my net worth that BLGO will be worth at LEAST 70% less within 5 years. If not more.
Shorting is not practical.
MARK ROY ANDERSON
Register Number: 96106-012
Located at: Taft CI
Release Date: 02/03/2021
13 years ago he was pumping the #$%$ out of all kinds of other things with potential huge returns and every single thing he has tried, over 13 has flopped to the tune of something like $60-70 million burned. The paid touts will jump in and say it wasn't all cash, well so what if its only $10-15 million ? The bottom line is his past promises have turned out to be worthless every single time.
Look back to 2003 and his worthless PRLS.
(The company used to be called Nuway Medical)
NuWay Medical, Inc. recently began to offer medical and health related technology products and services with an initial focus on the health and information software technology needs of the sports industry. NuWay's primary product is its Player Record Library System (PRLS).
All PRLS did is lose money. AOS will too.
We are trading at a 3.74% discount to the most conservative figure.
Plus, I think we get another 10-15% annualized as the liquidate.
So its not a homerun but it seems to be a safe bet with a better than utility return over however long it takes.
There just doesn't seem to be a big distribution this year. Although we will get something.
Member since: Aug 6, 2015
Look at Calverts track record of 99%+ value destruction over the last 13 years.
Walter L. Schindler is meaningless. He wont even join the real board because they cant afford directors liability insurance.
I heard someone took a leak on the wet concrete.
This is exactly 100% what I said it was from when I found out about it. A pump & dump.
Down 85-90% in short order.
And the paid touts are mostly gone.