from the last 8k - "an applicable conversion rate of $0.000495 a share"
per the 8-27-15 8k - "At any time after 180 days after the date the JDF Note is issued, the JDF Note is convertible into Blue Water’s common stock, at JDF’s option, at the lesser of (a) 50% of the lowest trade occurring during the twenty-five (25) consecutive trading day immediately preceding the applicable conversion date or (b) 50% of the lowest trade occurring during the twenty-five (25) consecutive trading days immediately preceding the Original Issue Date of August 19, 2015."
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