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IC will not buy the remaining 66% preferred shares. The acquiring company buys it
FOUND IT.....very impressive how quickly you guys worked to get the DD
Cannot find any formal ties between Saveene/Zecevics to Kovac. Please show proof of prior association
Your DD is incredible Brattle, you are the Deepthroat of our time....
Show docs linking Philip / Phillip Kovac to anything? Give me an inch of his identity and I'll show you a mile
Brattle was 100% correct about Miro having a strong circle of Canadian/Icelandic business connections. Let's see what these men can pull off with either litigating the toxic financier or pressuring them into a settlement. Opening up a credit line of $60k each for BLUU *AND* TGRR tells me that this isn't a Mickey Mouse show. Everyone remains committed about seeing this transaction to the end.
Buy in before I NDA
To M M G:
Here is a reminder of what you communicated to me when I expressed interest in buying out your 66% stake of BLUU's preferred shares. You stated:
* Intersection Capital still retains 33% of the remaining stake
* They have merger candidates lined up, with existing revenues of $15-30M annually which similar level assets
* They will be able to assume the toxic overhang in the event that the toxic debt cannot be settled/negated through litigation
I have distributed this information to the common shareholders and it is our expectation that the upcoming 8-K report will match these statements made.
I look forward to tomorrow's report and am hoping that your offer of $150,000 for BLUU's 66% preferred shares still stands based on the material facts you've given to me.
The TGRR Twitter account is 100% real
Nothing. He is busy right now handling the huge blunder this morning surrounding SPQS
No one is going to buy BLUU's 66% stake for $150k with a negatively written 8K. This one is in our favor
Note....if I ever go "radio silent" on all platforms, it means I have signed an NDA with C.O.B. For now everything is just speculation until the 8K states that I/C will still facilitate a merger with interested parties. If this is written, we are good to go
I've requested specific verbiage on the 8K....will give more direction on what can happen next if the 8K is written with a positive spin & causes a run up.
Super 8K will cause a big run if there's a written commitment to the merger
Who is the toxic financier in question? I can't imagine going into a legal war and eating $$$$$ in attorney fees. Better to just settle / concede. Hoping for the quick resolution instead of having to wage war
I think people are underestimating / not considering the pressure that a class action lawsuit will put on the toxic financier. In their best interest to settle ASAP and get this moving.
Source? Evidence? Link?
Thoughts on TA being in cahoots with toxic financiers? Brattle?
Personal thought - all the Super 8K has to state that Intersection Capital is still 100% committed towards the finalization of the R/M, and that the company has an annual revenue of $15-30M. Once that is in writing, it will be very easy to sway new investors on BLUU and have this run.
My direct correspondence with M confirms that I/C is committed, but once it's on the actual 8K, public confidence will make this EXPLODE! Stay tuned...
Depends on the news. But from what I've already uncovered from talking to M directly, things will remain in stasis. Need IC to pull the trigger and merge the new company in spite of toxic debt.
Tonight's exchange with M
2 apprehensions before signing NDA and showing funds:
1) Why sell your stake in BLUU when you can sell it to Intersection and see the conclusion of the merger candidate taking over?
2) If shell is purchased, will I be given a contracted assurance that Intersection will buy my 66% stake and finish the reverse merger process?
Answer:
q1 ts called life and q2 you don't want intersection to buy your 66% you want the merger co to buy it
I would never sign an NDA. :) It would somehow gag me from posting at all about BLUU
The million dollar question, IMO - why doesn't MMG & IC proceed with merging the new company, and concede having the company absorb the toxic debt? It's been stated that this can be done. If MMG wants out of the transaction, why not just sell the remaining 66% block to IC at a discount and call it a day?
The only question remaining (that I'm too shy to ask MMG) is why he wants to sell out now versus seeing through the remainder of the merger process? Seems that he may have bit more than he could chew with expenses and needs cash to replenish his liquidity.
"I will arrange for proof of funds shortly.
Before signing NDA, 1 more question - was Intersection supposed to buy the remaining 66% stake from you upon completion of reorganization? If toxic debt cannot be settled, can the merging company agree to absorb/write off the debt?"
"Yes and yes"
Message from M:
Yes they do. 33%
I gave you the price of the 66% control block
Once you are in control you can do whatever you want. The trustee did not act in the company nor the shareholders best interest. He was basically on order-taker and the toxic financiers had their way with him. He refused to attend court motions and to defend the company position threatening to quit.
We should have used a more pro Active shareholder Advocate type trustee however in hindsight we thought that this firm would have done the job a lot better than they did.!!
If you do want to purchase the company we can recommend you to a proactive shareholder Advocate type barrister who can deal with the chapter 11 reorganization on the much better way.
The company has a very good positive and massive following. We financed the entire chapter 11 ourselves without issuance of any shares whatsoever. At this point we are just looking to get our money back and move on to other projects.
Interstate is very cooperative and they have a sizable mergers lined up with revenues in the 15 to 30 million dollar range and assets of similar.
The potential is huge here for the right individual. We will need a proof of funds and ndaa signed for any further information which you may need.
Regards
$BLUU "Has several mergers still lined up with revenues of $15-30 million".....we're still on boys
......I just wish I could have invested in 66% of the control block instead of 50M common shares :(
I/C still owns 33% of the control block. Please see my posts on ST for huge DD
$BLUU IF ANYONE HAS AN S CORP THAT COULD CONSIDER BUYING THE SHELL, please send me a PM and I'd like to negotiate with you
M wants $150k for BLUU
Need to know price
Am aware of RETC. Wouldn't touch that POS with a ten foot pole. Uncle M is the master of wide swings on stock prices.. this is all in intentional. Will wait for the home run then cash out & leave his twisted casino.
All it takes is 1 stupid tweet to take this to .005
Very nice!! Holding 50M in BLUU. Hope you make a million dollars man
Calling Jack never works. If you want to find personal cells, search on LinkedIn...
Both TGRR and BLUU will climb out. M is not a dumb guy. Deceptive, but not dumb
Neither are responding to my texts any longer. May have worn out my welcome, for now. Will wait for more developments.
Klaff/Berger are the managing directors of Intersection Capital. What pertains to a law firm?