Blue Water Announces Delisting, Litigation and Cessation of Operations
November 18, 2015
https://beta.finance.yahoo.com/news/blue-wate...00151.html
ST. MAARTEN, DUTCH WEST INDIES / ACCESSWIRE / November 18, 2015 / Blue Water Global Group, Inc. (OTC Pink Sheets: BLUU) announces that as anticipated in its October 21, 2015 Message From President Blue Water's common stock has been delisted from the OTC Bulletin Board. Shares of Blue Water's common stock resumed trading on the OTC Pink Sheets under the same ticker symbol (BLUU).
Over the past several months Blue Water has been involved in discussions with its convertible debt holders to restructure its outstanding convertible debt and allow for the company to raise new capital to continue ongoing operations. These talks have proven to be in vain and yesterday Blue Water's resident agent was served with a lawsuit filed in Texas by one of its convertible debt holders, JSJ Investments, Inc. Blue Water does not have the resources to retain legal counsel to fight this litigation.
As a result of the foregoing and Blue Water's continued inability to attract new capital, Blue Water has been forced to cease all operations, including construction of its restaurant and investor/social media relations support. Blue Water's management will continue its best efforts to try and resolve this debt crisis sufficiently in order to raise enough new capital to resume operations and satisfy all outstanding accounts payable obligations. No assurances or guarantees can be offered that these continued efforts will prove successful or that Blue Water will ever resume ongoing operations.
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Blue Water Global Group, Inc. ("Blue Water"
assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to Blue Water's filings with the Securities and Exchange Commission, including "Risk Factors" in its Annual Report filed on Form 10-K.
SOURCE: Blue Water Global Group
November 18, 2015
https://beta.finance.yahoo.com/news/blue-wate...00151.html
ST. MAARTEN, DUTCH WEST INDIES / ACCESSWIRE / November 18, 2015 / Blue Water Global Group, Inc. (OTC Pink Sheets: BLUU) announces that as anticipated in its October 21, 2015 Message From President Blue Water's common stock has been delisted from the OTC Bulletin Board. Shares of Blue Water's common stock resumed trading on the OTC Pink Sheets under the same ticker symbol (BLUU).
Over the past several months Blue Water has been involved in discussions with its convertible debt holders to restructure its outstanding convertible debt and allow for the company to raise new capital to continue ongoing operations. These talks have proven to be in vain and yesterday Blue Water's resident agent was served with a lawsuit filed in Texas by one of its convertible debt holders, JSJ Investments, Inc. Blue Water does not have the resources to retain legal counsel to fight this litigation.
As a result of the foregoing and Blue Water's continued inability to attract new capital, Blue Water has been forced to cease all operations, including construction of its restaurant and investor/social media relations support. Blue Water's management will continue its best efforts to try and resolve this debt crisis sufficiently in order to raise enough new capital to resume operations and satisfy all outstanding accounts payable obligations. No assurances or guarantees can be offered that these continued efforts will prove successful or that Blue Water will ever resume ongoing operations.
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Blue Water Global Group, Inc. ("Blue Water"
assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to Blue Water's filings with the Securities and Exchange Commission, including "Risk Factors" in its Annual Report filed on Form 10-K. SOURCE: Blue Water Global Group
