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Re: None

Monday, 09/26/2016 6:57:57 PM

Monday, September 26, 2016 6:57:57 PM

Post# of 18500
ZERO reason to reverse split! This company did reverse splits in the past for no other reason than to sell shares. It's how they survived to this point. It cost the early investors a lot of money. Last RS started at 0.30 and it is where it is today due to continued dilution.

That being said .... LISTEN UP BLSP. Forget the idea of uplisting and yet another reverse split! It does nothing other than costing more money to list on a "higher" exchange. FINISH A PROJECT FOR ONCE! Get a plant operational and get it producing enough revenue that it will start paying off the cost of building. Get ANOTHER project done and online. Get TWO revenue producing plants going. Prove the concept is legitimate and can produce POSITIVE CASH FLOW! The rest will take care of itself. Stock price will rise on its own. Investors will migrate to a company that can PROVE it is worth investing in. NO NEED FOR INSTITUTIONS THAT RELY ON MARKET LISTING AND SHARE PRICE. Let the share price grow based on proper cash and asset management, not kissing up to manipulating fund managers.

These guys HAD a contract with Caterpillar at one time. CATERPILLAR! Do you think CATERPILLAR would even consider a loan to a junk company? NO, they wouldn't. They obviously saw something of value and something that could have paid back the loan. BLSP just couldn't follow through, for whatever reason, and the agreement expired before it was used.

IF these current projects can legitimately produce revenue, a reverse split would be damaging rather than beneficial. Rather than reverse split, you people should hope the PPS gets so high that the need to do a FORWARD split to make it more affordable to the masses. Please stop killing CURRENT shareholders with reverse splits and make the projects do the work to make money.

WM