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Re: MikeyInTheD post# 10577

Tuesday, 08/25/2020 7:48:53 AM

Tuesday, August 25, 2020 7:48:53 AM

Post# of 14108
The talk about BLUU for the past 2 years was due to William Alessi opening a court case to take over the shell. He was juggling multiple tickers at that time and dropped the ball on this one.

This current company doing the takeover prides themselves with their reputation and how they can help reorganize businesses. They have been in business since 2006. They have experience with re-organizing companies via bankruptcy.

For me, the danger is what could happen after the current company sells the shell to the future state company. The future state company would have the power to do what they wish with no regards to the shareholders.

The company taking over this shell now has other shells for sale with share structures much higher than BLUU. So, I see no danger of even a reverse split with this takeover company.

Until someone can prove me wrong, I feel we are in good hands with the current takeover company that is reorganizing via bankruptcy.

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