Replies to post #12618 on Blue Water Global Group Inc fka BLUU

[Captain OnThe Bridge]

First of all, the fact that this convertible note exists puts more risk on table now, it is always something with Myro.. (adaptation of the spelling)

I think the big question is: when did Blank Mountain try to contact the transfer agent (to convert) because if it was after Nov. 16th 2020, Black Mountain is SOL. The one thing I learned from a different recent Corporate bankruptcy case is dismissal of debt happens on day that you file. Which means if this Black Mountain Equity, Inc puts out some BS claim on Jan, 26th 2021 and wants to convert to shares because all of the sudden the stock worth more, from retail investors, they get squat if filling a claim after the official Bankruptcy filing date which was back in mid-November 2020 when the stock was worth .0001..

Furthermore, if all BLUU owes is $40,000 then Black Mountain would be issued that equivalent in shares of todays share price which would be closer to 5.5 million shares not 170 million. IMO

Lastly, this is not a deal breaker by far for me, because this stock could still run up to a Dollar or 2 well before this hearing date in March and there is not a Damn thing Black mountain can do about but wait for there court date, which by that time they could be paid off with only 40,000 shares or 100,000 shares or whatever..
I think this Black mountain firm is desperate and grasping at straws.. minimal legs to stand on, possible even a frivolous claim altogether.. Black Mountain may crash and burn and get nothing, which is how most bankruptcy cases work for creditors..
I’m holding on because its just too juicy of a payout get out now…

Anyone feel free to give their 2 cents on the legal bankruptcy side of this situation.