Monday, September 26, 2016 1:44:25 PM
...not to worry you but i think some kind of a reverse is part of the overall corporate plan. i know reverses are often a bad sign, but not in all cases...and that is the situation here, i believe and is actually a big positive. we need to get onto a larger exchange to have the "weight" to attract larger institutional investors....and to become the company management is envisioning. the company has announced their intentions in at least one PR....and i believe they are serious...and justified.
given the company's need for capital for growth and real projects -- and the current tightness of co. finances -- i would be far more worried if they announced a stock buyback at this point. Co. doesn't need and cannot afford "financial engineering"...they need to focus on getting existing projects "on line" and generating income and identifying new projects/avenues for growth. i think management is well aware of and agrees with this. they are building what they hope will be a large company step by logical step...and that is a good thing imho....part of why i invested. this is more "utility" than a go-go hi-tech situation that can appreciate 100x over the shorter term. totally possible, though in 5-7 years...
i think you are fooling yourself if you expect $4 with close to 300M shares out. that kind of market cap -- 1.2B $ is simply not justified at this point...nor will it be for a while...at least 3-5 years....imho. that said....our current mkt cap is about 20M $...and i think we could get to 80-100M cap relatively soon after a reverse and assuming the kind of positive forward motion the company has been showing. if we see that within the next year, i would be VERY pleased...
i believe/hope we'll see a price bump when NC and RI go on line -- and both are very close. Don't know how much....hopefully to .15-.25 area. I think anything above .20 -- just my guess -- will trigger forward progress on reverse and exchange upgrade. once that occurs....maybe some pps zigzag for a while, but then steady upward movement (as long as entire mkt doesn't crash)....
i think there are likely a number of larger investors waiting for blsp to get onto a real exchange before their buy in.... fwiw and imho...
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