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I too would like to know why switching to trading on OTC is considered a bad thing to some of the contributors of this board. Has anyone found out any real news that puts this stock in jeopardy? Overall the information at the beinging ofthe story is very positive.
Might want to hold on to that opinion of oil/fuel/gas prices. With the massive shake up in Saudi Arabia, annalists are predicting rising fuel price very soon. And it might stick for a while.
I am happy to say that it seems that someone actually listens to the voice messages on their phone. The other day I left a message that despite their "quiet period" they could still at least up date their website. The site was still showing SC and RI as plants being build. Not only do they now show "producing electricity" but the new plant in Italy is now listed with it saying that it was acquired in September 2017.
I would like to know why they can't at least up date their website. When you go to Projects, it still shows both Charlotte and RI as: Current Status - under construction. Come on. It does not take but a few key strokes to fix a page on a website. Information like this affects how people see the company and future investors. Yesterday, I called their number listed under Investor Relations - 704-909-2806. Left a message about the same question above. Yep, haven't heard back.
I have been an investor in stocks for decades. I have become wealthy because of it. This is not to say that I have haven't owned and lost big on some of those stocks. Can anyone say Willimas Communications? Anyway I can not understand why anyone that owns BLSp stock is selling! Currently (at the time of this writing) the stock is trading at $2.06 with a market cap of $7.6 million. Good God, the value of the Italian plants alone are worth more than that. What are these sellers thinking? Sure we can take solace that shares can be purchased at even lower prices now. But it could also be said - wait, there are more idiots out there that will keep selling. At this rate just wait some more because we are heading to penny stock territory.
OK, so we are apparently still in a quite period? Does this also mean they cant update their website? It is pretty outdated. Their site shows only 4 Italian plants and RI is supposed to go on line the 4th quarter of 2016! Jesus, I have a website for my own business and it only takes a few key strokes to keep it current.
I have been in the stock market for a long time and I have never seen anything like this. A company who's capitalization is way below its assets. A company that is generating decent cash. Supposedly there are other projects in the pipeline - so there is a plan for growth. And yet the stock price continues to go down. This is truly crazy.
Please explain your post.
Do they need to be listed on NASDAQ before they can make the offering?
Well here we are now going into May next week. Nothing on the offering, nothing on up-listing to NASDAQ - hell nothing about the Rhode Island plant, which should have been operational by now! So how about this great transparency of our company? Oh wait, maybe we will just call it a 'quite period'.
Did I miss something? When did the RI plant get connected?
Well if I understand the rules, to be listed on NASDAQ http://venturelawcorp.com/listing-requirements-nasdaq/ BLSP does not come close to being eligible for listing. Can anyone put a positive spin on the situation?
pba1969, thank you for the good laugh!
I am sure many of you were shocked to see a trade value of $8.50 today. I was. So I called my agent at Ameritrade to explain why the amount was not reflecting in my balance. He said it was an early trade that did not get accounted correctly and was now just showing up. Funny, my account at Fidelity showed the same trade value. Anyway I asked to confirm that BLSPD was being traded on NASDQ. He said it was not. Does anyone out there have anymore info as to were we are on getting listed on NASDQ?
I don't get it. I have to read about the company of which I own shares, in a trade magazine! Wasn't the company supposed to keep share holders up to date with a newsletter? What 'two new digester facilities under development in NC' is the article talking about? I knew they were in the process of taking on the manure problem but this story leads us to believe they are already further ahead - maybe into design. RI connected this month? Well this month is basically over. And what involvement do we have in the UK? Netherlands I knew about. But it is no done deal either. What disappoints me the most is that all of this time this year we have been told that the company can not release any information due to the - quiet period! Well the article is dated March - April. So I guess we aren't so quiet after all. What a bunch of MANURE!
TMATT - well said. I am one of those current share holders that purchased more shares last week. I originally got in when the price was $.03 and there was only the two US plants that were being built - and way behind schedule. Now BLSP owns 100% of four plants in Italy and 25% of the NC plant which are making money. The RI plant will be on line eventually giving us another pipeline of income.
Obviously you would not be on this board if you were not an investor in this company. We invested our hard earned money in it because we believe in the unique process of taking waste and turning it into energy. If you did your due diligence before buying shares of BLSP you also saw that the promises management has made through the course of time have been mostly met.
Investing in penny stocks like BLSP is not for the faint of heart or wallet. So for those of you that are still worried about loosing your money - get out now. However, I will be one of those 'Believers In BLSP' that will be buying your shares.
Stay positive and patient.
This is just unbelievable! We are at the same PPS that we were a year ago! This is after officially announcing that BLSP owns four plants in Italy (making money)and is now connected to the grid with our North Carolina plant (making money). At this rate, once we announce more good news like connecting to the grid with our Road Island plant (and making money) we should be at around $.01 per share. If I didn't own so many shares of this company I would start shorting it.
I am tired of hearing that the company is in a quiet period. That does not mean they can't continue to extol the virtues of owning a piece of it with news that is already known.
I am happy to say that Lazarus called me back today. I promised to not mention any specifics of our conversation. However, I am able to say that just like all of us who own shares of BLSP, that is all they are as well - not insiders, just investors. They know what we know and that is all. They realize that companies of this size take time to show their worth to the bigger world of investors. The conversation was very positive.
pba1969, thank you for this information. I just strengthens what I said in the first place. Lazarus is a MAJOR stock holder in BLSP. If I was the person in charge of that account I would either be panicking at the continual drop in share price and would be on the phone with BLSP management every hour - or perhaps I would know something that puts me a ease to not worry. But I am not their account rep and only rep what I own. And what I am seeing does not make any sense at all.
Again I would suggest that everyone call Lazarus and get their take of the situation. It is doubtful that you will get past the general mail box. But I bet someone will be getting the messages. Their number I found on the internet is 303 500-8821.
pba1969 can you send us your source where you get a total of 66 millions shares that Lazarus owns. Thank you.
To all on this board. Here is a link that summarizes how many shares that Lazarus Management Company Llc owns https://www.thecerbatgem.com/2016/12/27/blue-sphere-corp-blsp-major-shareholder-acquires-12250-00-in-stock.html
The total is 2,016,900 shares. I have called them and have left a message in their general mail box. May I suggest that you each call Lazarus and let them know your concern. Their number is 303 500-8821. As I have mentioned earlier, either they too are concerned with the way the PPS is going or (IMO) perhaps they know something we don't. Either way, if they hear from enough of us there is bound to be some kind of reaction. Sure they own a lot of shares. But accumulatively, I am sure we together own more than they do.
Has anyone called Lazarus? As we all know they are in heavy with BLSP. I would think that they are also concerned with the PPS - unless they know something we don't that keeps them from worrying.
I have to admit, I too am shocked that the PPS is dropping. Either there are those that just want to get out because they are tired of waiting on something to happen or there might be some insiders (in collusion) that are forcibly selling small amounts to keep the PPS lower - and lower. But to who's gain? The only people that can benefit here is those that are buying up more shares to add to their coffer. Does anyone else see it different?
If you have not seen the recent year over year financial report here it is: http://finance.yahoo.com/quote/xsnx/financials?ltr=1
It looks VERY hopeful! If the trend continues as it is, 2017 should show the company with a year end profit - assuming that sales continue to grow.
IGA got me to thinking and since I do not know the answer and can not find it on line I ask this to anyone that can give the answer:
When BLSP went public I understand that 1,750,000,000 shares were issued to represent the value of the company. This information is listed on this board page, just above the boards conversations. Of those shares 261,776,522 shares are held by the public and insiders. So if a stock does a reverse split then I am assuming that ALL shares (including 1,488,223,478 not available to the public and are part of the total value of the company) are affected - not just those that are currently being traded? Am I assuming wrong?
iga, it does not make any sense for the company to want or keep the pps down. EVERYONE will be affected by the reverse split. Explain your spin on the subject please. If I am missing something here then I would like to know what it is. Thank you.
It is pretty evident that most of us on this board see the great potential for this very young company; emphasis on YOUNG. We see ourselves making a wonderful profit; most sooner than later. Remember, this company is still learning to walk. As I like you wait, I take solace in the fact that I own a part of a company that is also making a difference in how we and future generations exist. They take stuff that we create as waist and make it into energy. That is pretty damn cool! It is a very good analogy of the circle of life. So during these times when our little company is just walking (and having falls from time to time),just remember it is at the beginning of it's circle of life. Some day this company WILL start running.
I would be very interested in a web or phone conference.
There is no way RI plant will be done by the end of the year. Lets remember that we are in the throws of winter in the north. There is going to inevitable delays due to this fact.
It might be helpful if all of us on this board had his email address. After all, he is in charge of disbursing information - correct. Could you please share Matthew's address? Thank you.
Could you please attach the tweet? Thank you.
Who is Matthew Henninger? He is not listed as part of the team on the Bluesphere website.
To all of you on this board. Thank you for your input.
As much as the news coming out about BLSP (a $15 million stock offer and reverse split in December)would seem bad on first glance, I have to ask, are we seeing this situation clearly? Here is a company that announced two events that is obviously panicking current investors. It does perplex me that they would announce this BEFORE the stock had a chance to go up with the news of Charlotte connecting to the grid and with the RI plant to follow.
There has to be something else to all of this. After all why would Lazuras buy so many shares of this company? I can't help but think that they have a bit more intel than the average investor has.
Yes this company has done reverse splits before. What makes this time different is that in the past this company had nothing going for it except promises - which now have been fulfilled for the most part. A reverse split now would obviously allow the company to be listed with (lets just say) NASDAQ giving the stock more exposure. I would rather own fewer shares with the stock regularly traded in more hands than to own what I have knowing that we would be trading amongst ourselves or with a few news investors coming on board. Unless we get on a major exchange we will never be picked up by institutional players.
As per the $15 Million stock offer, I can only imagine that this is to raise money for possible future projects such as the additional (swine waste to energy) plant in NC and or the possible plant in the Netherlands. If I were them I would like to put forth more ownership into each future project. The only way to do this is to raise money through another stock offer or to get a loan. Yes this will dilute the PPS but remember - the decisions that company management is making affects EVERYONE - company owners and investors.
Yes it is difficult to stay positive when we are still waiting for news that the company is officially making money with the NC and RI plants. BLSP has come through with their promises so far. Yes it has taken longer than expected to get these plants up and running - but if any of you have ever done any major construction on your home you know it takes way more time and money than was first anticipated.
I for one believe that these decisions being made will have the same affect for its future growth just as past decisions have gotten this company where it is now.
For those of us that don't TWEET, what are some of the comments?
Are you saying that these are three additional plants to the four already owned in Italy? Where did you get this information?
One of the issues that has been talked about is a possible reverse split - which makes perfect sense if the ultimate goal of BLSP is to get more exposure to more investors by getting listed on one of the major exchanges. I know a reverse split will affect the total number of outstanding shares. However, there is 1,750,000,000 authorized shares. Does anyone know, does the total number of authorized shares go through the same reverse split? I can only imagine they do. The only thing I can find online talks about the outstanding shares.
Sage, thank you for checking in on our investment. May we be ELETRIFIED by a huge surge in share price soon!
All I can think of as to why the share price just dropped 69% is someone dumped a lot of shares at a very low price just to get out. I can't imagine that this is a long term situation.
I must be naive in asking this but why would the CEO of Treaty Energy hold on to 145,547,742 shares of a company that is supposedly uterly worthless in the minds of so many on this board? If I understand this correctly that is more than 10% of the outstanding shares of this company. That is huge! He has as much to lose as anyone else that owns shares in this company. With this in mind why would contractors and other parties agree to trade their services for shares (which so many have done) with this supposedly utterly worthless company. They too would have a lot to lose - right? I would think that people in the industry (that knew that this was a supposedly worthless company) would want cash. That is unless they all belive in one thing - this company is worth the risk.
SmackDown, I have a curious question. What if (and yes it is a big if) TECO struck oil (real oil) in Belize? The stock would obviously start climbing. Then talk of fraud would be moot. The compnay came through with what they are supposed to do - discover, drill, pump and sell oil. It seems to me that that is part of the game (so to speak) of investing. Fraud can really only apply if a company goes belly up. So to those investors that bought high and sold low - well - that was their decision.