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Are you paying interest in the note? What is the trigger for conversion? What is the expected or intended exit for investors?","author_name":"Mary S","votes":3,"created_at":"2021-02-19T08:47:37Z","canonical_url":"https://wefunder.com/bluegoldworks#question-131408","answers":[{"id":131637,"entity_id":"wefunder:comment:131637","answer":"Hi Mary, thanks for asking about our note. Note is mature in 60 months, 2025, and we are offering up to USD1 million in Convertible Notes paying 6% interest. Conversion trigger is when we raise another USD 2 million. Note holders have the option to be paid back in full plus accumulated interest or convert to shares. Conversion discount for this 1 million dollar raise is 20%. We are offering an additional 10% Early Bird Discount for the first 200K raised. What does your investor exit look like? We hope that shares of BGW will be attractive to our family offices and family trusts to hold on to. Our current thinking is that BGW would offer a 10% yearly dividend on the value of your investment. BGW has strong revenue streams from organic Moringa oil and honey that we count on to help expand our Safe Water Enterprise for a long time to come. Happy to jump on a call with you at your convenience if you have other questions. I\"ll talk to my friends at Wefunder to highlight BGW's terms a bit better for our investors. Thank you for your interest. Mahalo, Lynn","author_name":"Lynn Langford","votes":1,"created_at":"2021-02-19T23:48:56Z"}]},{"id":163211,"entity_id":"wefunder:comment:163211","question":"Hi. I would like some answers to these questions. 1. The number of lives you have uplifted/impacted. 2. The number of jobs you have created. 3. The amount of CO2 emission avoided, if any.","author_name":"Muhammed Hassan","votes":2,"created_at":"2021-08-12T17:51:23Z","canonical_url":"https://wefunder.com/bluegoldworks#question-163211","answers":[{"id":165534,"entity_id":"wefunder:comment:165534","answer":"Hi Muhammed. Thanks for asking! As a Blue Gold Works Inc. Wefunder investor, you know we are 48 hours away from being able to put your good investment in us to work. For the last 4 years we have self funded our triple bottom line Safe Water Enterprise in Africa. Until we raise enough money to start scaling and expanding our impact we are investing our time in impact measurement tools. Our BGW Impact app, under development, will help us move from surveys and spreadsheets to client entered and maintained impact performance data. For example, we know our farmers will plant 137,000 Moringa trees each sequestering O.35 metric tonnes of CO2/year in the next 18 months. Unfortunately, we will not have access to the technology to report that until 9-12 months later. Wish we could demonstrate faster impact, but as you know, real impact takes time. Thank you again for your encouragement and support. Kind regards, Lynn","author_name":"Lynn Langford","votes":0,"created_at":"2021-08-24T21:24:40Z"}]}],"faq":[{"question":"I don’t see any return or term of investment specified anyplace, only that it is a convertible note, I don’t see how much you are trying to raise either. Are you paying interest in the note? What is the trigger for conversion? What is the expected or intended exit for investors?","answer":"Hi Mary, thanks for asking about our note. Note is mature in 60 months, 2025, and we are offering up to USD1 million in Convertible Notes paying 6% interest. Conversion trigger is when we raise another USD 2 million. Note holders have the option to be paid back in full plus accumulated interest or convert to shares. Conversion discount for this 1 million dollar raise is 20%. We are offering an additional 10% Early Bird Discount for the first 200K raised. What does your investor exit look like..."},{"question":"Hi. I would like some answers to these questions. 1. The number of lives you have uplifted/impacted. 2. The number of jobs you have created. 3. The amount of CO2 emission avoided, if any.","answer":"Hi Muhammed. Thanks for asking! As a Blue Gold Works Inc. Wefunder investor, you know we are 48 hours away from being able to put your good investment in us to work. For the last 4 years we have self funded our triple bottom line Safe Water Enterprise in Africa. Until we raise enough money to start scaling and expanding our impact we are investing our time in impact measurement tools. Our BGW Impact app, under development, will help us move from surveys and spreadsheets to client entered and ..."}]}}}