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GET RICH WITH BLUU!! If you own a millions shares of BLUU you could become rich.
Just ask the transfer agent to break the million shares into 1,000 share certificates then sell the certificates on yahoo as Penny Stock Scam memoribilia
What is a scamsitra? First used on the BLUU message board to discribe a toxic lending Ponzi Scheme. The scamsitra is run up by scammy stock promoter that has swindled money from investors his entire life. In the scamsitra toxic lending is paid off by even more toxic lending until the whole Ponzi scheme scamsitra implodes on its self
StockDungU
Its 1,267,200,000 feet to reach the moon so if you lined up BLUU individual 1 share stock certificates that are outstanding you could reach it.
Scott Sitra is JAWS of DEATH Spiral Financing.....
Nitwit. Have you see this address of J&J Consultants in NTEK sec filings https://www.google.com/#q=gordon+r+jones+1393+N.+Bennett+Circle%2C+Farmington%2C+Utah+84025
Also search Gordon L. Jones while you are at it.
Do any of the Mods work for Sitra?
Scott Sitra will make a million millionaires!!
Have the Feds moved in yet?
rope-a-dope Recent Trades - Last 10 of 51
Time ET Ex Price Change Volume
15:58:50 Q 0.0002 0.0001 91,100
15:54:57 Q 0.0002 0.0001 999,999
14:26:19 Q 0.00009 -0.00001 7,800,000
14:25:49 Q 0.0002 0.0001 365,162
14:25:44 Q 0.0001 22,389,273
14:25:37 Q 0.0001 9,990,000
14:25:32 Q 0.00015 0.00005 10,000
14:15:07 Q 0.00009 -0.00001 5,200,000
14:14:36 Q 0.0001 18,754,345
14:14:26 Q 0.0001 7,500,200
11/02/15 - 1,305,358,703 OS Scott Sitra is JAWS of DEATH spiral financing......
Skull and Cross Bones from OTCMARKETS for this kind....
What bank in their right mind would ever lend money to Sitra/BLUU?
================================
David Earnest Just a question. How is Blue Water going to afford to build a restaurant per year, or any more restaurants period if they can't even afford to keep their 10-Q up-to-date for the stock. Or is that just part of Blue Water's plan to be demoted from the OTCBB/OTCQB to the OTC Pink, then go to the Grey market and trading halts all together, like I have seen before. Just wondering. If you would rather me ask questions like this to Investor Relations please let me know.
October 26 at 7:38am
Blue Water Global Group
Blue Water Global Group Mr. Earnest, the Message From President issued on Wednesday last week explains your question and future financing in more detail. Blue Water is working on obtaining local bank financing to complete the restaurant and will raise equity capital through BWBG to start on the Aruba restaurant.
The cost of maintaining BLUU’s OTCBB listing is quite high – about $35,000 per quarter – as a result of the specialized derivative accounting associated with the convertible debt, also described in last week’s Message From President. The only way for BLUU to be demoted to the Grey Market or get halted all together as you suggest would require a regulatory action by the SEC for stock fraud for misleading press releases, false claims in regulatory filings, etc. There is nothing of that sort associated with BLUU so the OTC Pink Sheets is the lowest tier it will ever trade on. Have a nice week. /BLUU
How many of the Billion plus shares outstanding do you own?
JAWS could always try this type of garbage but toxic lenders would never lend his companies money again
https://finance.yahoo.com/news/healthy-tasty-brands-corporation-announces-135600196.html
MIAMI, October 30, 2015 /PRNewswire/ --
Healthy & Tasty Brands Corporation (the "Company") (GRLT) today announced that its CEO, Henry L. Klein, filed an action in the United States District Court for the Southern District of Florida in his fiduciary capacity for the protection of the common stock shareholders, seeking a declaratory judgment by that federal court to the effect that all convertible instruments which have been the source of common stock dilution are void and unenforceable.
In the lawsuit, Mr. Klein described the instruments, both convertible shares and convertible debentures as "...death spiral convertibles", because holders of these toxic instruments profit when the market price is manipulated to remain low, allowing conversion to be prohibitively-high number of shares, severely diluting the value of the common shares of the company..."
Mr. Klein quoted compelling language by Fordham University Professor of Finance John D. Finnerty and the United States Supreme Court regarding his duty to bring the action for the protection of the common stock shareholders and expose manipulative short-selling. Since becoming CEO, Mr. Klein quietly undertook an investigation into the fiscal condition of the Company and determined that the Company needed to be completely purged of the toxic instruments so that it could grow and flourish in the culinary marketplace and in the investment world.
"The filing of this action is the beginning of the rebirth of the Company and a harbinger of restaurant-openings soon to take place in the various states from Florida to Colorado. The days of market manipulation are over and the loyal initial owners of the Company will begin to see a bright horizon," Mr. Klein emphasized.
Closed at 0.000090 SCOTT SITRA IS JAWS OF DEATH spiral financing..
selld stop soon
As soon as the OS reaches five billion shares.
JAWS Sitra can wall paper the restaurant bathrooms with worthless BLUU shares.
No Reverse split. BAD ACTORS involved.......
Sitra's billion share baby. Why is JAWS of DEATH Sitra not in JAIL?
LG Capital Funding, LLC (December 22, 2014 Back End Note)
On October 21, 2015 Blue Water received a Notice of Conversion in the amount of $1,840 and issued 33,967,818 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.000055 a share pursuant to the LG Capital Funding, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $89,910.
As of October 23, 2015, Blue Water had 753,450,479 shares of its common stock issued and outstanding.
at an applicable conversion rate of $0.000055
How does one sleep at night trying to serve up this turd to others?
Will go down as one of the Greatest Penny Stock CONS of all time.
You may quote me on this
StockDungU
OS will go to FIVE BILLION. Sitra letting DEATH SPIRAL out of control because he can not revere split the stock because of toxic financing on the books and a Bad Actor or two.
Why invest in bwbg? They should just give their money to Sitra. That was they do not have to pay a commision for a 100% losss
Looks like Curt Kramer and Seth Kramer involvement is preventing the BLUU stock fraud from reverse spliting. Stock has gone from 16 cents to .0002 in a very short time with much more stock to be converted.
Sitra would reverse split the stock but he cant get an approval. Read the fairy tale press release today.
Finra would not alow a reverse split because of the abusive toxic financing and also the involvement of Curt Kramer and Seth Kramer.
====================================================
FINRA Blacklists Curt Kramer, Mazuma and Asher Enterprises
Posted on September 24, 2014 by Brenda Hamilton, Securities and Going Public Lawyer
ECOS attached FINRA’s letter to Michael Siegel, president and chief executive officer of Ecolocap, as Exhibit 99.1 to the filing. The letter informed Siegel of its decision. FINRA acted pursuant to the provisions of Rule 6490, which allows it to refuse to process corporate action requests in some circumstances.
In this matter, the regulator determined that Ecolocap’s request was deficient and its denial was necessary for the protection of investors, the public interest, and to maintain fair and orderly markets.
In the letter, FINRA cited specific factors that led to its determination. Those factors had entirely to do with the company’s reliance on toxic funder, Curt Kramer, for financing.
Kramer is well-known in the penny stock marketplace as a toxic dilution funder. In November 2013, the Securities and Exchange Commission (“SEC”) charged Kramer and his Mazuma companies with violating federal securities laws; Kramer settled the charges for $1.4 million.
Consistent with the SEC’s recent action against Kramer, FINRA did not hesitate to identify Kramer as a bad actor, which disqualifies him from some types of market participation.
By virtue of FINRA Rule 6490(d)(3)(3), if the regulator has “actual knowledge that … promoters or other persons connected to the issuer … are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations,” it can reject corporate action requests.
In this case, FINRA specifically stated that it:
“has actual knowledge of a November 25, 2013 Securities and Exchange Commission (“SEC”) Cease-and-Desist Order (Administrative Proceeding File No. 3-15621) (“SEC Order”) involving Curt Kramer (“Kramer”), President of Asher Enterprises, a convertible note holder of ECOS. The SEC’s investigation found that Kramer and his firms Mazuma Corporation, Mazuma Funding Corporation, and Mazuma Holding Corporation (“his Mazuma firms”), obtained unregistered shares in penny stock issuers Laidlaw Energy Group (“Laidlaw”) and Bederra Corporation (“Bederra”). According to the SEC Order Kramer and his Mazuma firms purchased two billion Laidlaw shares, which amounted to 80% of Laidlaw’s outstanding shares at the time. They purchased these shares at a significant discount from prevailing market prices. Kramer and his Mazuma firms purchased the shares in 35 tranches with no six-month gaps, thus quantifying the transactions as a single integrated offering through which Laidlaw exceeded the $1 million limit under Rule 504 by raising a total of $1,259,550. No registration statement was filed for any shares that Laidlaw offered and sold to Kramer and his Mazuma firms, nor was any registration statement filed for any shares that Kramer and his Mazuma firms subsequently re-sold into the public market. Despite exceeding the $1 million limit, Kramer and his Mazuma firms continued to acquire and sell additional Laidlaw shares and profited by $126,963 from these transactions.
Further, according to the SEC Order, Kramer and Mazuma Holdings Corporation acquired more than one billion shares of Bederra in 2009 and 2010 through 21 separate transactions from the principal of Bederra’s transfer agent, who had misappropriated the Bederra share certificates. Again they purchased the shares at a significant discount from prevailing market prices and re-sold the misappropriated Bederra shares to the public without any registration statement for profit of $934,404.
In the settlement, Kramer and his Mazuma firms agreed to pay disgorgement totaling $1,061,367 plus prejudgment interest of $128,611 and penalties totaling $273,000. Without admitting or denying the SEC’s findings, Kramer and his Mazuma firms consented to the entry of an order finding that they violated Sections 5(a) and 5(c) of the Securities Act of 1933. The order required them to cease and desist from committing violations of Sections 5(a) and 5(c) and not participate in any Rule 504 offerings. Entry of the order also constituted a disqualifying event for Kramer and his Mazuma firms under the recently enacted bad actor disqualification provisions of Rule 506.
In SEC Press Release 2013-249 “Penny Stock Financier Agrees to Pay $1.4 Million to Settle SEC Charges,” dated November 25, 2013, the co-chair of the SEC Enforcement Division’s Microcap Fraud Task Force stated that “illions of shares were not vetted through the registration process yet became publicly traded as a result of the violations by Kramer and his Mazuma firms, and the SEC will continue to punish non-compliance with the registration provisions of the securities laws to ensure the investing public is protected in these types of transactions.”
FINRA pointed out that while Asher does not appear on the current ECOS shareholder list, other documents the issuer provide reflect Asher has transferred 640,474,489 shares into Cede & Co., the Depository Trust & Clearing Corporation’s (DTCC) nominee name. Further, on October 21, 2013, Asher was issued an 8% Convertible Promissory Note in exchange for a $32,500 loan with a conversion date of January 2015. Once converted, Asher has the potential to become a beneficial shareholder of the company holding approximately 10% of ECOS’ outstanding shares which Asher has the option to convert in its entirety, as stipulated in the July 14, 2014 Amendment to Convertible Promissory Note.
FINRA noted the above activity raised concerns for the protection of investors and the transparency to the marketplace as it relates to the proposed corporate action request. As such, the Department has deemed ECOS’s corporate action submission to be deficient under FINRA Rule 6490(d)(3)(3).
FINRA notified ECOS of its right to appeal and of the required fee of $4,000.00 made payable to FINRA. Payment must be submitted in the following manner within seven (7) calendar days of its notice.
Failure by ECOS to file a written request for an appeal within seven (7) calendar days after service of FINRA’s notice, along with the required fee, will cause FINRA’s determination to become final.
FINRA’s action in the Ecolocap case could have far-reaching effects. The kind of toxic financing offered by Asher is extremely dilutive. Typically, the funder gives his client companies cash in exchange for convertible notes. The relative financing agreements provide for conversion of the notes into common stock at discounts of as much as 50 percent to market price. As the funder converts and sells time after time, stock price is driven down, and so more and more shares must be issued to meet the terms of the agreement. That is why these arrangements are called “death spiral funding.”
As dilution takes the shares outstanding to dizzying heights, many of Asher’s clients find it convenient to effect large reverse splits so they can “start over.” As of April 13, 2014, ECOS had 6.9 billion shares outstanding; the number is likely higher now. A 1:2,000 reverse split would have brought that under control, but it would also have destroyed the investments of current holders of common stock.
Thanks to FINRA, that split is no longer an option. That’s bad news for the company, but perhaps worse news for Asher Enterprises and Curt Kramer. It will be interesting to watch the next moves in this chess game and whether FINRA will blackball other bad apples in the future.
For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton Florida, (561) 416-8956, by email at info@securitieslawyer101.com or visit www.securitieslawyer101.com. This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.
Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855
www.SecuritiesLawyer101.com
Scott Sitra discribes Gregory Galanis the CEO of StreamFlow.
Saturday, 06/20/15 12:11:39 PM
velcro1dog
Re: None
Post # of 5360
BLUU questions answered!!!
What are your thoughts about the smallcapbreakaway.com SCAM ?
Someone has created a story line that is 90% lies and distortion from 10% fact.
This is how I met Greg Galanis: He came to us looking for a job, we had no jobs available. He came back to me a week or two later and suggested he could help Blue Water get some investor awareness. (Since the stock hardly traded at all back then). I said, "Okay, what do you suggest?" He said he would write a series of articles to bring attention to the company and I would need to pay him $1,000 for each article written. I agreed, but wanted him to do the first one for free to see if it really worked. He did it - and nothing happened - so he was never paid. Hence his one and only story at “Smallcapbreakaway”.
The facts about it are:
• It was not an e-mail blast service, it was simply putting the article out there via a press release service (ie. exactly what TDM Financial did for us)
• I was not involved in writing the article, Mr. Galanis wrote it himself.
• I was not involved in him putting a price target on the stock, Mr. Galanis did that on his own.
• This was pre-split; Blue Water’s stock was trading around $0.25/share then. After this article was published, Blue Water underwent a 10-for-1 forward stock split which dropped the share price to around $0.025/share.
The reality is stock promotion is something that I am not very good at or care to get involved with. However, I do know how to develop a business. With Blue Water I have created a line of award winning rums (100% unique with the formula owned solely by Blue Water and no one else) and building a restaurant concept that the island of St. Maarten (and others in the cruise ship industry) is very eager to see open.
Scott
BLUU is a OUTLANDISH stock fraud pure and simple. The OS headed toward 5 billion shares.
Sitra the CEO stock promoter has a World Wide Headquarters of his 100% owned Taurus Financial Partners is building with a Tauru photoshopped sign on the side of a building. A fake phoney and fraud.
JAWS is dirty and I've got soap.
Anyone who believed his fairy tale press release needs to have their head examined and should seek help.
You all are screwed. JAWS letting the death spiral continue. The outstanding shares will reach 5 billion faster than MacDonalds sells hamburgers.
Shame on the SEC for letting this fraud continue.
Scot Sitra is JAWS of DEATH spiral financing
They are building a special ring of fire in Hades for this kind
Waitimng for JAWS judgement day
StockdungU
As of October 20, 2015, Blue Water had 686,253,297 shares of its common stock issued and outstanding.
BTW, I copied and pasted the filing. Its not fake and the typo's are Sitra's handywork
Here is the link to the actual filing which I had posted
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10961359
Maybe JAWS was half in the bag from drinking all of that blue water rum when he did the filing........
Told ya so applicable conversion rate of $0.0001
======================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): October 19, 2015
Blue Water Global Group, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction
of incorporation)
333-174557
(Commission
File Number)
45-0611648
(I.R.S. Employer
Identification Number)
Wellsburg Street #7, Cole Bay, St. Maarten, Dutch West Indies
(Address of principal executive offices and zip code)
Tel: (949) 264-1475, Fax: (949) 607-4052
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule I4a-12 under the Exchange Act (17CFR240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
Forward Looking Statements
This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, “ Filings ”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions identify forward looking statements as they relate to our business or our management. Such statements reflect management’s current view of our business with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled “Risk Factors”) relating to our industry, operations and results of operations, and other relevant aspects of our business. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although we believe the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.
Item 3.02
Unregistered Sales of Equity Securities
JDF Capital, Inc. (February 20, 2015 Note)
On October 19, 2015 Blue Water Global Group, Inc. (“ Blue Water ”) received a Notice of Conversion in the amount of $2,500.00 and issued 25,000,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0001 a share pursuant to the JDF Capital convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“ SEC ”) on February 23, 2015.
The remaining principal balance on this note is $52,420.00.
Union Capital, LLC (Blue Citi Replacement Note)
On October 19, 2015 Blue Water received a Notice of Conversion in the amount of $3,100 and issued 28,601,818 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00011 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
On October 20, 2015 Blue Water received a Notice of Conversion in the amount of $,100 and issued 28,608,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00011 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
The remaining principal balance on this note is $53,282.00.
Adar Bays, LLC (December 22, 2014 Note)
On October 19, 2015 Blue Water received a Notice of Conversion in the amount of $3,000 and issued 27,272,727 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00022 a share pursuant to the Adar Bays, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $11,515.00.
As of October 20, 2015, Blue Water had 686,253,297 shares of its common stock issued and outstanding.
2
--------------------------------------------------------------------------------
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BLUE WATER GLOBAL GROUP, INC.
Dated: October 20, 2015
By:
/s/ J. Scott Sitra
J. Scott Sitra
President and Chief Executive Officer
BLUU circling the drain. If converts go to .0001, $10,000 of note conversions will equal 100 million shares.
Sitra was smart and is laughing at the common shareholders. Sitra issued himself special preferred shares.
Sitra said he did this to help create shareholder value. BARFF!!
Will go down as one of the greatest penny stock cons of all time.
The rodent fornicators of Small Cap Street should be shut down by the SEC. they have been involved with many fraudulent stock promotions
You can read about Small Cap Street here https://www.google.com/search?q=%22Small+Cap+Street%22+fraud&hl=en&biw=&bih=&gbv=2&oq=%22Small+Cap+Street%22+fraud&gs_l=heirloom-serp.12...5132.6474.0.8720.2.2.0.0.0.0.297.500.2-2.2.0....0...1ac.1.34.heirloom-serp..2.0.0.P4A2WsYoIKo
Odd they would mention "better asset protection from frivolous litigation"
Wonder it the Toxic lenders, builders or someone is planning on sueing BLUU..........
"Blue Water Global Group Mr. Earnest, essentially it is a restructuring of the restaurant division, which will provide better sheltering from future taxes, better asset protection from frivolous litigation, and more financing options for growing the restaurant brand. Additional details about this restructuring along with a general update on all aspects of the business, including the Stream Flow shares, will be provided next week through a formal press release. We cannot legally say anything more with you or anyone else about this until that release has been shared with the public."
4 · Yesterday at 6:49am
https://www.facebook.com/Blue-Water-Global-Group-577630375624495/
"Additional details about this restructuring"
reverse split. Told ya so!!
-------------------------------------------------
David Earnest So basically it's just a ticker symbol change from what I am reading? The no resale for 5 years is that for Blue Water or for the individual and are we still getting our % cut of the Stream Flow Stock when it does start trading? I know this is not a stock discussion board, but I feel my questions are fair since they deal directly with the article you posted.
1 · Yesterday at 5:32am · Edited
Remove..Remove
Blue Water Global Group Mr. Earnest, essentially it is a restructuring of the restaurant division, which will provide better sheltering from future taxes, better asset protection from frivolous litigation, and more financing options for growing the restaurant brand. Additional details about this restructuring along with a general update on all aspects of the business, including the Stream Flow shares, will be provided next week through a formal press release. We cannot legally say anything more with you or anyone else about this until that release has been shared with the public.
4 · Yesterday at 6:49am
https://www.facebook.com/Blue-Water-Global-Group-577630375624495/
14,000 just on the one note. You forgot the rest. Here ya go
'REINVEST AND TELL YOUR FRIENDS"
Charles Ponzi........
----------------------------------------------------------
JDF Capital, Inc. (February 20, 2015 Note)
On October 14, 2015 Blue Water Global Group, Inc. (“ Blue Water ”) received a Notice of Conversion in the amount of $3,000.00 and issued 20,000,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00015 a share pursuant to the JDF Capital convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“ SEC ”) on February 23, 2015.
The remaining principal balance on this note is $54,920.00.
Union Capital, LLC (Blue Citi Replacement Note)
On October 14, 2015 Blue Water received a Notice of Conversion in the amount of $6,250 and issued 23,041,091 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
On October 15, 2015 Blue Water received a Notice of Conversion in the amount of $3,750 and issued 23,046,061 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
On October 16, 2015 Blue Water received a Notice of Conversion in the amount of $3,750 and issued 23,051,030 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
The remaining principal balance on this note is $59,482.00.
Adar Bays, LLC (December 22, 2014 Note)
On October 15, 2015 Blue Water received a Notice of Conversion in the amount of $4,908 and issued 22,309,091 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 a share pursuant to the Adar Bays, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $14,515.00.
2
--------------------------------------------------------------------------------
As of October 16, 2015, Blue Water had 576,770,752 shares of its common stock issued and outstanding.
conversion rate of $0.00015 a share pursuant to the JDF Capital convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“ SEC ”) on February 23, 2015.
October 16, 2015, Blue Water had 576,770,752 shares of its common stock issued and outstanding.
========================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): October 14, 2015
Blue Water Global Group, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction
of incorporation)
333-174557
(Commission
File Number)
45-0611648
(I.R.S. Employer
Identification Number)
Wellsburg Street #7, Cole Bay, St. Maarten, Dutch West Indies
(Address of principal executive offices and zip code)
Tel: (949) 264-1475, Fax: (949) 607-4052
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule I4a-12 under the Exchange Act (17CFR240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
Forward Looking Statements
This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, “ Filings ”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions identify forward looking statements as they relate to our business or our management. Such statements reflect management’s current view of our business with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled “Risk Factors”) relating to our industry, operations and results of operations, and other relevant aspects of our business. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although we believe the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.
Item 3.02
Unregistered Sales of Equity Securities
JDF Capital, Inc. (February 20, 2015 Note)
On October 14, 2015 Blue Water Global Group, Inc. (“ Blue Water ”) received a Notice of Conversion in the amount of $3,000.00 and issued 20,000,000 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00015 a share pursuant to the JDF Capital convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“ SEC ”) on February 23, 2015.
The remaining principal balance on this note is $54,920.00.
Union Capital, LLC (Blue Citi Replacement Note)
On October 14, 2015 Blue Water received a Notice of Conversion in the amount of $6,250 and issued 23,041,091 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
On October 15, 2015 Blue Water received a Notice of Conversion in the amount of $3,750 and issued 23,046,061 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
On October 16, 2015 Blue Water received a Notice of Conversion in the amount of $3,750 and issued 23,051,030 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.00033 a share pursuant to the Union Capital, LLC convertible note described in detail the Form 8-K filed with the SEC on August 17, 2015.
The remaining principal balance on this note is $59,482.00.
Adar Bays, LLC (December 22, 2014 Note)
On October 15, 2015 Blue Water received a Notice of Conversion in the amount of $4,908 and issued 22,309,091 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.0004 a share pursuant to the Adar Bays, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $14,515.00.
2
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As of October 16, 2015, Blue Water had 576,770,752 shares of its common stock issued and outstanding.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BLUE WATER GLOBAL GROUP, INC.
Dated: October 16, 2015
By:
/s/ J. Scott Sitra
J. Scott Sitra
President and Chief Executive Officer
Meanwhile on a JAWS of DEATH planet far far away...
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Blue Water's Stream Flow Media Investment Receives OTCBB Ticker Symbol
ST. MAARTEN, DUTCH WEST INDIES / ACCESSWIRE / August 3, 2015 / Blue Water Global Group, Inc. (OTCBB/OTCQB: BLUU) announces that Stream Flow Media, Inc. (OTCBB: STMF) received clearance from FINRA on July 31, 2015 for its pending Form 15c2-11 and is now listed on the OTCBB under the ticker symbol "STMF." Blue Water currently owns 20,000,000 shares of Stream Flow's common stock, or approximately 20% of Stream Flow's issued and outstanding shares.
The next step for Stream Flow to become a viable trading public company is for it to apply for DTC Eligibility. DTC Eligibility allows for electronic trading and beneficial ownership of shares of trading companies (ie. buy, sell and hold shares in a brokerage account); no trading market can develop until DTC Eligibility is achieved. All actively traded companies, including Blue Water, are DTC Eligible.Stream Flow will prepare and file an application for DTC Eligibility after it completes and files its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the period ended June 30, 2015. It is anticipated that the approval of the DTC Eligibility Application, once filed, will take about two months to complete. Blue Water will provide an additional update regarding Stream Flow's continued development after the application for DTC Eligibility has been filed later this month.
About Blue Water Global Group
Blue Water Global Group, Inc. is a diversified publicly held developer of casual dining restaurant properties and premium distilled spirits. Blue Water is currently developing a chain of casual dining restaurants in popular tourist destinations throughout the Caribbean under the Blue Water Bar & Grill(TM) brand and a line of award winning premium rums which include its Blue Water Ultra Premium Rum(TM) and aged spiced Blue Water Caribbean Gold(TM) Premium Rum. Additionally, Blue Water is engaged in making strategic equity investments in promising businesses that are in the early stages of obtaining their own listing on the OTCBB. For more information, visit www.bluewaterglobalgroup.com.
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Blue Water Global Group, Inc. ("Blue Water") assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to Blue Water's filings with the Securities and Exchange Commission, including "Risk Factors" in its Annual Report filed on Form 10-K.
Investor Relations
949.264.1475
ir@bluewaterglobalgroup.com
SOURCE: Blue Water Global Group, Inc.
Its means that BLUU also has to issue SteamFlows Gregory Galanis shares of BLUU. Its possible Galanis holds a convertible note.
Galanis is the one that made up a web site to tout BLUU.
It was a total scam.