And the stock continues to tank.
1.75 cents from .13 cents not long ago= 86.5% loss.
Now you know what a pump & dump looked like.
Unregistered Sales of Equity Securi
LG Capital Funding, LLC (Note 2)
On August 3, 2015 Blue Water Global Group, Inc. (“Blue Water”) received a Notice of Conversion in the amount of $12,000 and issued 1,525,957 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00825 a share pursuant to the LG Capital Funding, LLC convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“SEC”) on December 23, 2014.
The remaining principal balance on this note is $38,000.
As of August 4, 2015, Blue Water had 130,060,346 shares of its common stock issued and outstanding.
don't think its going to bring all that much anytime soon.
I look for it to take 30-36 months to sell at a fair price. Even then it will be discounted.
private placement event is ahead.
I hope those whales have the sense to study the last 13 years before handing over their money.
And they continue to break the law.
Sounds like a broom closet with an answering service. lol
Mark Roy Anderson got disbarred and imprisoned. Hopefully the same is ahead for Browning, Calvert and Little Joey.
Into a separate trading symbol ?
That would allow the market to value the parts separate. But it probably would take away the tax advantage so that wont work.
I haven't done a thing since my last sales at $22.49 on 3/10 and $20.00 on 2/18.
I had some sales in 2013 at $19.40, $18.52 and $17.49.
And Ive collected dividends along the way.
Im still holding the majority of my position.
My last buy was 12/23/11 at $8.91. (After having a number of sales at $14.99 prior in 2011)
When I saw it in the $16+ range it tempted me But, I don't think Ive EVER paid more than $10.06 for RCKY in over 20 years.
I have watched these guys for 13 years.
The ONLY sure thing is they will continue to burn money and the stock price will continue lower.
Another reverse split will eventually be in the cards.
No serious investor owns these shares. All it takes is a warm body IQ to see whats going on here.
Because IF the news was really material, an 8k would be required.
So the current news is the same old same old. Lose huge amounts every quarter and get by from selling discounted shares to suckers. (who hope to be able to dump them before the prices falls too much)
How DARE you bring up their balance sheet.
You mean the little GOING CONCERN CLAUSE bothers you ?
The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of our business. As reflected in the accompanying financial statements, we had a net loss of $786,188 for the three-month period ended March 31, 2015, and at March 31, 2015, we had negative working capital of $529,152, current assets of $300,387, and an accumulated stockholders’ deficit of $79,794,105. The foregoing factors raise substantial doubt about our ability to continue as a going concern. Ultimately, our ability to continue as a going concern is dependent upon our ability to attract significant new sources of capital, attain a reasonable threshold of operating efficiencies and achieve profitable operations by licensing or otherwise commercializing products incorporating our technology. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.