Blue Sphere Corp. (BLSP)

[Hystart]

1gumbi, a developer came in and convinced a bunch of "new" investors to plow several more million into the site that failed once already. THe developer was paid for services and the place is just beginning to make gas and electricity. I predict a 2nd failure. Nothing changed from the first time around except the debt service is now lower? In terms of "cheaper" way to dispose of organics? NOT the case. It failed the first time around because the "Tip Fees" were to low! Average cost to take stuff there is way up compared to chapter one. The problem with this one which we told them before they broke ground is that the place was in the middle of NO WHERE and there just was no feed stock. You cannot move these types of assets, other than the gensets, so chapter 2 is still stuck in the middle of NO WHERE? Nothing changed other than the cost of debt service. Technology is still the same, ops are still the same?

No fuel no TIp fees, NO FUEL no electricity. Those are the 2 revenue streams. Do not believe that the "digestate" has any value as fertilizer. It has NONE. It is actually a cost to dispose of. Typically 3-5 cents per gallon. It all has to be hauled away from this site. 20,000 gallon per day.

So, new investors who bought in at pennies on the dollar but are still stuck with the same reasons it failed the first time???

It sure looks good on a Power Point presentation, but crummy on a speadsheet. It may bounce along the bottom for a number of years paying the debt service, but as an investment?/????