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.
But, it doesn't sound like there will be a lot of liquidity events prior to next year.
Mentioned several properties that they don't really want to bring to market now.
Said they don't want to drag this out but at the same time, they are going to optimize their IRR.
They are IRR driven.
No change has been made to the valuation of the Company's investment in 701 Times Square.
How does this affect any shares the new guys might sell within 3 years ?
I know Lyle is locked up but the new guys aren't. If they sell some shares, would those new shares also get whatever distribution from the note ? How does this work ?
It wont matter if the new guys don't sell any but you have to think they might before the note is monetized.
It seems obvious they have a death spiral financing so that no matter how low the share price goes,they still get to convert shares at a massive discount.
That said, other than recent 8ks, I have not read ANY of BLUUs SEC filings.
All I need to know is Sitra. His name means pump & dump.
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.