AMOGEAR & LEASE DETAILS "What is your opinion o
Post# of 487
Posted On: 06/19/2015 10:25:42 AM
AMOGEAR & LEASE DETAILS
"What is your opinion of the write up about BLUU's former stock promoters Andrew J. Affa, Michael A. Affa, Mitchell H. Brown, Christopher R. Putnam, and Christopher G. Nix, and do you have any details you could share about the Blue Water Bar's lease?"
1) I do not know who those people are. Never heard of them. The only promoters we have hired are Craig Fischer and TDM Financial.
There are no promoters on the payroll right now.
2) Maybe these people simply watched for news and then sent out their e-mails when we put out a PR? Again, I do not know those folks and would not know how to get in touch with them even if I wanted to speak to them.
3) There was never convertible debt that converted and was dumped. The majority of the Mermaid shares that were derived from a conversion were returned and cancelled.
We fully disclose those we hire. It is in the OTC Markets quarterly affidavit I have to sign. Failure to disclose something of that nature in an affidavit would be a criminal offense and I would go to jail. I've never been in jail, but I hear it's not really a fun place.
Everything relating to PR/IR is a matter of public record and attested to on otcmarkets.com.
As for the lease - It’s a 20-year ground lease. The first year is rent free. Starting year two it is a low base rent that increases each year thereafter with incentive increases for Indigo Bay (ie. a rent increase when the water taxi dock is completed, etc.). Even at year 20 it is below market for beachfront lot. It is a very beneficial lease for Blue Water and gives us a prime location for below market rates. Indigo Bay does not want the specific terms made public because it could put them at a serious disadvantage to fully capitalize on future sales and/or leases should everyone reference Blue Water’s deal when negotiating new deals in the future. Blue Water benefited because it was an early bird with a long-term vision.
Hope that helps address attempts to misinform,
Scott
"What is your opinion of the write up about BLUU's former stock promoters Andrew J. Affa, Michael A. Affa, Mitchell H. Brown, Christopher R. Putnam, and Christopher G. Nix, and do you have any details you could share about the Blue Water Bar's lease?"
1) I do not know who those people are. Never heard of them. The only promoters we have hired are Craig Fischer and TDM Financial.
There are no promoters on the payroll right now.
2) Maybe these people simply watched for news and then sent out their e-mails when we put out a PR? Again, I do not know those folks and would not know how to get in touch with them even if I wanted to speak to them.
3) There was never convertible debt that converted and was dumped. The majority of the Mermaid shares that were derived from a conversion were returned and cancelled.
We fully disclose those we hire. It is in the OTC Markets quarterly affidavit I have to sign. Failure to disclose something of that nature in an affidavit would be a criminal offense and I would go to jail. I've never been in jail, but I hear it's not really a fun place.
Everything relating to PR/IR is a matter of public record and attested to on otcmarkets.com.
As for the lease - It’s a 20-year ground lease. The first year is rent free. Starting year two it is a low base rent that increases each year thereafter with incentive increases for Indigo Bay (ie. a rent increase when the water taxi dock is completed, etc.). Even at year 20 it is below market for beachfront lot. It is a very beneficial lease for Blue Water and gives us a prime location for below market rates. Indigo Bay does not want the specific terms made public because it could put them at a serious disadvantage to fully capitalize on future sales and/or leases should everyone reference Blue Water’s deal when negotiating new deals in the future. Blue Water benefited because it was an early bird with a long-term vision.
Hope that helps address attempts to misinform,
Scott
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