Blue Sphere Corp. (BLSP)

[TMATT]

Reverse

I was talking to a friend of mine and I asked him about reverse splits. He is in investment banking. I asked him what would the reverse have to be for BLSP to get to NASDAQ. HE said that even though it might only be 60 if the price was .05. He said that it would most likely be much more than that. Maybe double or more. He said this is because they need to build in a cushion in case people who get scared start to dump and the price falls.

I asked him is there anything to be afraid of? He said sure, people dumping. I said, what should I do?
He said it is simple. WHat do you think the company is worth. If it is more than the market cap then buy when the people start to dump.

I thought about this and look at the BLSP market cap. What is so strange to me is, I find it hard to believe that people actually think this company is worth less than 12 or 14 million. I mean common. I certainly is worth more than this. With that in mind, I hope these guys do a giant reverse and scare away some people so there will be some more cheap shares.

My vent for the day.