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Time for tough decisions.
Support level at 0.6 , below and we may visit 0.4
Change the Closing Date to July 31
entered into an Amendment Agreement to the SPA (the “Amendment”) whereby Blue Sphere assigned all of its rights, titles or interests arising out of the SPA to Bluesphere Italy S.r.l.
The parties also agreed to change the Closing Date to July 31, 2017. In light of the postponed Closing, the Amendment also provides for certain amendments and clarifications to related provisions, exhibits and annexes to the SPA including, but not limited to, modifying the date of the SPV’s interim financial statements to be used in the purchase price Closing adjustment from April 20, 2017 to June 30, 2017.
It was very late...I am not sure...
Reporting Persons are filing this Amendment No. 11
to report a decrease in the percentage of common stock owned by the Reporting Persons resulting from an increase in the aggregate number of shares of the Issuer’s common stock outstanding based on information contained in the Issuer’s S-1/A filed with the Securities
and Exchange Commission on July 24, 2017 .
Ha.they just report a decrease in
The percentage of common stock because an increase in blsp common stock
Lazarus Raised from the dead...
Hallelujah...I am a believer...
I agree with your assessment.
Actually, I am planning to buy more BLSP soon.
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I don't know of any Israeli based forum in English,
But give me couple of days , I will do some research.
Will also look for some interesting stocks for you.
One interesting stock is PLX-Protalix ,
(You will notice that they don't like me in the PLX forum....)
The stock has tumbled hard from its high , and may continue bleeding..who knows....but I think better days a head....around 2018-2019.
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I am not holding PLX , I am waiting for a better price
No..you are overseas..:)
I am from Israel.
He didn't change his mind , going to sell
He doesn't believe that the company's management works for the benefit of the shareholders
Sent email to shlomi
I just sent the article to shlomi , asking his response
(I would send it to Matthew if I knew google translate is that good..)
He didn't refer to any specific issue.
His answer was very brief.
I didnot ask anything else(I know he can't and won't answer).
Also I forgot to mention Yinon post this on 20/06
before the recent acquisition as far as I remeber.
I will talk to Yinon tommorrow , lets see what he think about recent acquisitions
Some selling is expected in the coming 1-2 months
There is an israeli site managed by Dr. Yinon Arieli,
Who display his portfolio so other can track it (he mainly focus on spin-off stocks)
His english site is https://longrunplan.com/author/yinon/page/9/
(it is a different portfolio)
Any way , in the hebrew version he notify all subscribers that he is going to sell BLSP . I translated the hebrew article using google translate.
I also asked CO about what Yinon wrote ,
and the answer was that he is WRONG
I think he have around 200 subscribes , I guess the total BLSP stock are around
500-2000...but it is just an eductaed guess
Any way this it the article:
I decided to sell all the holdings in the BLUESPHERE (not much left of it unfortunately ...). Because the stock is a low-negotiable one and I do not want the group's sales pressure to affect the share, I will actually carry out the sale in only two months (during the last week of August). This will be the case for anyone of you who wants to sell the position a time to close it gradually, without pressure. In two months, when the stock is actually sold, I will update the site (until then it will appear in the "strong" rating).
Why sell now?
In fact, it may be a bad timing - the company is raising money for a Nasdaq rally, and the major projects in the US are already going to start generating cash. The share is also at a low. On the other hand, the numbers in the company's reports simply do not reflect an improvement in activity. Where are the profits from facilities in Italy? Why are there so many delays in connecting the US facilities to electricity? If the situation improves, why does the company continue to issue shares on a quarterly basis and dilute investors at prices below market prices? continue?…
Moreover, even in the current financing round, which was supposed to be $ 15 million, the company is going to raise only $ 4.5 million (according to the published prospectus) at a share price of $ 3. In addition, the investors will receive an option with an exercise price of $ 3.30, exercisable over the next five years, a real gift. These are not recruitment terms that a company with growth potential issues. This indicates that there was no real demand for the company's shares (and the signing of the offering is a recognized underwriter).
True, such a move takes time, but in view of the continued decline in the share price, it is already close to not meeting the floor price that allows trading on the main stock exchange. Capital consolidation can always be done to raise the price artificially, but it will not increase the company's market value, which will remain below the lower limit, and then it will fail in this criterion. In short, if the share does not rise significantly in the foreseeable future, it will not be able to hold on to Nasdaq for a long time.
Is there an upside in pricing?
Following the current issue, the company will have 5.1 million shares (fully diluted). At a price of $ 3 per share, this reflects a market value of $ 15.3 million, and if we add another $ 10 million of debt, we will receive an Enterprise Value of $ 25.3 million. On paper, the company is expected to generate an EBITDA of at least $ 8 million a year in the next few years. This means EV / EBITDA multiplier of 2.5. Even if we take only the EBITDA of facilities in Italy - about $ 4.5 million a year - we get a multiple of 5.6. Cheap for a company with growth potential like that of Belseper.
But, which is the main thing, this EBITDA is probably on paper right now. The factories in Italy are already supposed to generate operating profit, but it does not appear in the reports. This is explained by Belposer's accounting method, which requires it to present profit only in the bottom line of the profit and loss statement, not in operating profit. Even if this is true (and I do not understand why it is reported in such a way), how exactly did new investors know about it? You guessed it, they do not (unless they read the board report in depth, but few do it), so it probably will not be reflected in the stock price in the foreseeable future.
Bottom line: The main problem of the blue sphere is the lack of credibility and inefficiency of management. It's not a one-time thing but an amateurish behavior over a long period of time. At the moment, at least, I do not see the company getting better and ending its erroneous practice of taking high interest rates, raising more shares at lower market prices, and diluting investors. In this case, I do not think it is logical to keep the share (of course you can think otherwise). Despite the unfortunate loss of the share, you have to know how to part.
I've already had investments that have suffered losses and probably will, but at least it's my worst investment ever. I apologize that I introduced you to society. Its field of activity is very promising, but its management simply does not work for the benefit of investors. That's why the stock has lost most of its value since it was acquired, and that is the main reason I sell (as mentioned, the actual sale will be in about two months, to allow time for a leisurely sale of any of you who wants to sell)
There are some information about the deal
To replace austep in the 8-k
Well..it was -19.0% in the morning
rumor in Israeli web site: expands The use of protalix
from twitter
Brazilian ministry of health expands The use of protalix #ELELYSO (Alfataliglicerase) in pediatric #GaucherDisease patient. "
Austep filed a petition in the bankruptcy court
See form 8-k..!!!!
The Company Terminated Plant EBITDA Agreements in Italy
FORM 8-K : July 19, 2017
FORM 8-K
I read. conclusion : plx to raise money
Soon.
Good point , I asked them long time ago
Also notice there is a problem with the % they dispaly
As far as I understand uplisting
Is still planned , nothing changed.
Nothing.I asked him to join this forum.
Matthew told me he will check
Why the offering date is not updated
He told me it should
In the past the date was updated at least 1-2 days
Before rhe estimated date...
Secondary offering should be today?!
Also first payment for one plant in Italy.
You are TOTALLY wrong NO talks about phase 3
Assuming you basing your message on the Hebrew article
Manor said: "we are discussing the next step.we probably need to repeat a broader phase 2"
The next step is how to do phase 2 again!!
The answer for how to repeat phase 2 will be at the END of this YEAR
..because he said "they need to discuss the protocol (for the broader phase 2) with FDA"
I thought you knew Hebrew...
What is the reason for repeating phase_2
In your opinion?
I think we will see 0.6 soon
Assuming no news from Brazil
It is clear to anyone who have eyes that CF was a failure now.
So you agree that phase 2 again!! thanks
It is legal to short , it is not about motivation
Is about estimation
Here is the phase 2
This is the hebrew article 3 lines before the 'CF Foundation' text
article in hebrew
say something like this (sorry for my english)
We ,probably, need to do a broader phase two
Please stop with the nonsense
Stop blame me for wrong doing
I dont need translation since I read hebrew!!!
In the hebrew version I saw phase 2.
Why do they run phase 2 again?
BTW my motives exactly as yours
And others
Please stop the nonsense
I didn't give time frame.
Summary : cf failed , brazil : maybe
He said that they are going for phase 2
Again , guess he didn't read this forum...
I also find his word about brazil a little bit strange...
So can you agree at least that cf
Was a failure? he actually said it.
You should sell before it will be too late
If no news about brazil soon , we will see 0.5.
Where is the news on Brazil?
Great news in 8-k , 2 acquisition agreements
The reason it is slow
because probably most share holders outside the USA
Uplisting is around the corner
I didn't count down for no reason
(I was wrong but it was not my fault)
Second waste-to-energy plant is producing power
Charlotte firms' second waste-to-energy plant is producing power