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Re: StockdungU post# 5455

Wednesday, 07/29/2015 3:44:50 PM

Wednesday, July 29, 2015 3:44:50 PM

Post# of 14108
there were two filings yesterday, did you see the other?

"On January 27, 2015 (“Closing Date”), Blue Water completed the sale of a Convertible Promissory Note (“JSJ Note”) in the principal amount $100,000 to JSJ Investments, Inc. (“JSJ”). The JSJ Note has an Original Issue Discount (“OID”) of $5,000 and bears interest at a rate of 12%.

On July 27, 2015, Blue Water repaid the JSJ Note in full, including the principal balance, OID and accrued interest. In accordance with this payment, the JSJ Note was cancelled and returned to Blue Water. Blue Water has no further obligation to JSJ relating to the JSJ Note.

No shares of Blue Water’s common stock were issued to JSJ."

how in the world was BLUU able to pony up $100k+ cash for those shares?

test

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