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Agreed. I have been averaging down. Should do ok once this all gets cleared up.
8-K Rhode Island connected!!
Not smart people at all.
Todays closing price is the like .02 prior to the close. This is ridiculous. Any of the company's individual assets are worth more than the total market cap.
All of the people selling are going to kill the up listing. You can see that the deals have been filed. Why sell now at this price. At this point why not wait and see if the up listing happens. If they keep selling, it will never happen.
Now the clock starts over again. After today, at best, the deal will be mid next week. And that is only if it gets back above three tomorrow.
Good news is that with all of this pressure, I have now averaged down my position dramatically.
What are you talking about?
8K is Out
This is positive. Looks like the up-listing is going to actually happen! The way I read this 8K an investor is also buying out the current debenture holders in conjunction with the NASDAQ offering. I am hoping that this gets done soon so we can start hearing news again. This is pretty positive non the less. If someone is willing to buy out debenture holders and are making it a part of the NASDAQ deal, I think this says a lot. You would need to be pretty confident of the company outlook to do this.
Has anyone called the company lately?
So sad.
This really sucks. Waiting for NASDAQ approval is my guess on the delay.
They need a $5,000,000 positive shareholders equity + $15,000,000 value of the float. +. A $3.00 price. If the do the $15,000,000 raise as described they will meet the listing.
I am sure there is other stuff, but i think yhat is the basic stuff.
For sure. I hope i get a letter too.
I hope I am not jinxing us all, but it has been a week since the reverse and the stock has held and even moved up a little. I think this is good for their listing efforts to NASDAQ and their capital raise. My guess is that it will pull back once they announce a price for their money raise. With these small companies there is a pretty good chance that it will be at a discount. But I think if they come out with news and updates it should come back.
Keeping fingers crossed. I am betting that the news starts up again after all of this is done.
Hi PBA.
Sorry to have made you rant!
I hear you. I guess my point is that when they did the other reverse, there was not much here other than a maybe on all front. What I see here is that they have completed projects, have a big pipeline and with proper financing they at least have a shot. THese guys have never been funded. I am hoping that this capital raise will go well and they will get to the NASDAQ. I have my fingers crossed that they will be able to make better decisions then. You know, I guess I agree with you that I would rather have more shares that could go up. But in the end the company need to exist. By the way, I think the 60 reverse was when the stock was higher. I made a post yesterday about a talk I had with a friend. He was saying the bigger reverse is because they have to build in some cushion to meet the NASDAQ. In case this stock goes lower from here before they get listed. I have to think this is all going to happen soon. Why do one without the other? ANyway. I am just hoping that this is what this guys need to make a go of it. I really like this space and I like what this company is truying to do. Good luck to all of us.
S-1 is the clue.
I agree with you. Good post. not sure about your share math.
But I agree with the rest. I think this is good stuff going on!!
"dont have reves to keep price up"?
Right now the market cap is about 13 mill. Do you think the company will be worth less than that in a week? Hell, it is worth more than that right now if they did nothing else. Just in penny stock hell. Only thing that will drive this down more is people selling.
Nothing has changed with this company in a bad way. Financials are better. New projects. New financing coming. Up-listing coming. Do you really think they are reversing this just because they feel like it? No way. Hell management hardly has any stock. THey are hurt by any reverse.
Just read the s-1. This is happening now. Once their financing is done and the up-list is done, I bet we will start to hear from the company again. ANd based on some of the stuff in the s-1, I think we will be hearing a lot.
Man, I think this is very good sign. Get these guys some dough and lets see what happens.
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.
For what it is worth. I read the article and the way I read it, it says nothing new that has not already been released to the public. The projects are in the corporate presentation and they are also mentioned i the S-1 filing. The article is not giving any more information than is in those two. I see also, someone mentioned that they are in talks in Canada. Well, I think that is all it said. They are in talks. That is nice and all, but it really is not ground breaking news.
I am following the filings. This is the best news. I am hoping that these guys pull off the reverse and get to NASDAQ. TO me this is the most important thing. I think the only way this company can really work out for all of us, is if they are properly financed. THis is what is going to make the big change. Not weather they are talking to someone in Canada or England or Holland.
From what I can see. That deal over in Holland is the best thing going for the company. I hope they focus more on stuff like that or do more acquisitions. I like the acquisitions a lot. I hope they have a nice pipeline of them lined up for after the up listing.
I hope so! Would like to get this over with and move forward!
VOLUME
See all of that buying today. Looks like a big push for the reverse and up-list!
Looks like their plan is getting real!
PAIN.
It is so painful watching the faint of heart kill this stock! This is classic. People are so terrified that there is no magical news for a while and are dumping at every dip. Then it takes on a life of its own.
This is a suckers play. The people buying up these shares are so happy. Just look at the patterns. All of the Bids are really low. These guys know that there are panicked people out there there that will sell. They are picking up shares cheap!
Even thought we are not seeing any press releases, there is still news. They have been filing S-1 and amended S-1 statements.
So what do we have here? Nothing has changed to the negative. Nothing at all. The 10-K showed big time improved numbers, the S-1 showed that there are a number of projects that they are working on beyond "Rhode Island", which everyone seems so worried about. They are raising fresh capital so they can do these deals. They are going to be on NASDAQ. This is all good stuff and what is going on? Selling. Best I can tell is that people are so afraid of the reverse split. Personally I am not, which is why I load up on the cheap share prior to a reverse! Best way to take the bite out of the reverse is to have a better price. Only way to do that is to buy some shares.
Look at today's trend. Buyers coming in on the bid at higher numbers and price. If there were not so many "bid hitters" we would be moving up faster.
Since there is no information to the contrary. I still fell that this company is going to surprise us all.
Yep. That is what it says anyway.
They have filed an S-1 registration statement to do a public offering and become listed on the NASDAQ. When you make these kind of filings, there is a period where groups like the SEC, NASDAQ and I am sure others will ask questions about what you filed. The amendments are the company answering those questions. So this is the 2nd amendment to the S-1. In my experience, this means they are getting pretty close to finishing.
2nd amendment to S-1 is out. Looking forward t this move to NASDAQ being over.
Guys.
This is a negative momentum dip. Really. Think about it. Nothing has changed with the company. Still have the same assets. Still have the same pipeline of new projects. Current problem (there are plenty of other problems), is that certain investors are getting a little scared. Think about it. since the price has been dropping. Each day there are larger numbers on the bid. At lower prices! What is this telling you. The people bidding know that there are people that will panic and they are there to buy up our shares cheap. The key here is that SOMEONE IS BUYING THE SHARES. Do we really fee that this company, even if it only has its current projects are worth less than the current market cap?
with all that being said, I sure hope things turn around soon!
Sage. I keep seeing your posts about the number of shareholders and your thoughts that the company is driving the price down to get more shareholders. 1) This is crazy. Nobody in their right mind would drive the price down when they are trying to do a financing. 2) Have you called the company and asked? I did. They have WAY more than 178 shareholders. Remember, when you read the number in the filings it is only the number that have certificates. What about all of the other shareholders that have bought through brokerage accounts?
Form 4
I just today noticed the Form 4 that was filed on the 15th. Board member buying stock. This is good! Just what we like to see, insider buying!
I think it is great that they are starting this kind of reach out. Says to me that they are still there and working. Stuff in the K I had pointed out already. Still think it is great stuff. For what it is worth, I still say these guys surprise us all!
Exactly!
Good post Tomix.
You know, I really not to worried about when that plant has COD. Bottom line is that I don't think that the financing partner is going to let this slip. Remember, just like in Charlotte, there were penalties if they did not turn on buy a certain day. They made it happen. And in the grand scheme of things I don't think that an asset that BLSP owns less than 25% is all that important. If they owned more of it, I would be more concerned. I think it is great for the long term. But for the short term, i want to see them fill up their pipeline.
The $160,000,000 grant in Holland is HUGE news that nobody is talking about. How about the 10K? I mean, they losses are so much better than they last year. This is good stuff for such an early stage company. Yeah Yeah, i know, they have been around for a while now. But really, they are just now getting some traction. so from my view this is more like a development stage deal.
I want to hear about more acquisitions! New financings! Construction start dates! Things like this.
Have not dug in fully yet. But the Loses for the year were only -1,801,000 vs -7,462,000 from a year ago.
Also the Shareholders equity increased by +1,262,000. Still showing negative but it is an improvement, so that is good. Love that the loses have been reduced by so much!!
Quite & S-1
There are multiple S-1's. The one in September was a re-sale S-1 for people that had bought in a private placement.
What they are doing now is a new S-1 for the listing to an exchange. I was told that there will be multiple changes to this S-1 as they get closer to the listing. That is why you will see S-1a for instance. The S-1a are amended versions.
Also, I was told that because they are in registration, they are in a quite period. They said they will only be able to discuss any material things that happen or anything that is not a forward statement.
That is what I got out of the call.
Never stops amazing me. Why would you spend $8 to by one $.05 share? Even if you were trying to keep the stock down for some criminal reason, it wont help. Really makes me mad.
Where did you read this?
In my opinion I would find it very hard the believe that there are not enough shareholders to do the up-listing. This analysis is being made by more than just the company's management team. Do you really think that their Investment Ban would sped a second of time on this is there were zero chance of doing a deal because of lack of shareholders? Also, their lawyers and accountants would be very involved in all of the filings and tests to meet requirements. I would have to assume that someone might have said, "hey, you don't have enough shareholders to do this deal". Don't think that people would do all of this work and make these filings if it were not possible at all.
I will give the company a call on Monday and ask about this.
Totally Agree!
FYI. S-1 came out in December. What was filed yesterday was an amendment. You can count on more amendments to come. We have know about the reverse since December. Not that it really matters. Necessary evil at this point.
All of you that think this stock is going to $1.00 or more with the current number of shares out there, without the company raising more money, need to think again. The only money you can raise at these prices, is money that you would rather not take.
Good advice!
What makes you think that they do not have 300? I am pretty sure that they do. I think someone asked that once before.
First of all, even if that were the case, why drive the price down? All you need is holders that have at least 100 or 1000 shares. Cant remember which. So to your logic, even if it is 1000 shares, all someone has do do is spend $50. Are you suggesting that someone will only do this if it cost $25?
No, I don't think the current pressure has anything to do with getting new shareholders. BEst way to do that is for the price to go up!
I think that some of the company's developments have taken longer than they thought and there are some shareholders that have grown tired of waiting. There could also be holders that got free shares for services or when they originally did the reverse merger. THey could be selling.
I also, thing that they person who kept putting a million shares "at the ask", scared some people away and that is why it has been extra slow. Not the only reason of course. Look at today, that seller was gone and there was a buyer with some decent size on the bid. The only problem was that they were bidding low. The silver lining about that is that it flushes out the people who just want out.
I remain convinced that these guys have put together some very good projects. THey just need to get better capitalized to get through these long processes and have some more money to do more deals.
This may not be a raging trading machine, but I think there is going to be a company here. JMO
By THEY do you mean the COMPANY?
Hello Gents. I just talked to Matt at Blue Sphere. I had called to ask about the big seller that had been on the ask for the last few days. He said that he did not know who it was, but that they should contact the company. I asked him about RI and he said that the company is now in a quiet period because of the registration for up-listing. He said that they are only able to comment on what is already in the public domaine. He said that on the company presentation on the web-site it states Q1 for RI and that at this time he cannot be more specific. They are able to release information that is for the normal business announcements. He said to take a look at the web site. He said that he had been getting calls from people that don't have twitter and wanted to know what was being put out on twitter. So there now is a page in the Newsroom section called blue sphere twitter. This way, anybody can see what is being put out on twitter. He also said that after 15 or 20 seconds when you are on the website, a pop-up will appear for a newsletter communication. He said that if everyone signs up for this, they play on putting out regular updates. He said that they will be simple updates, not necessarily what you would see in a press release. I asked what he meant by this. He said for instance, if some new equipment was delivered to a site, they would update us through the newsletter or if there was new stuff on the web-site, it would be a way to alert people to take a look. HE said that e hopes all of the shareholders will sign-up. By the way, he said that someone named Chris form this message board made the request to put the twitter feed on the web-site. I forget the last name he said. Good Job to Chris!!!
No chance at all.
Why would they sell at these prices? No enough to gain. They would also have to file their sales. Not exactly a good move for a company wanting to list on NASDAQ.
Also, since they filed an s1, I am pretty sure that they are restricted. I would have to check on that, but I am pretty sure.
Joel,
I totally agree. I talked to the company and they gave me the same impression. I did not know the details but, I was reading between the lines. Very exciting! My opinion is that there is someone out there with some stock that needs to raise some cash. There is no reason for the current downward pressure. I can't wait to hear about the new deals! I hear that they are in some meetings this months as well. Maybe there will be some insights from these meetings.
Citoyen So, I took you advice and called Blue Sphere. I asked about Austep and he laughed. Said that there is zero truth to that rumor. You know, for a company with so much pressure on the stock, he sure did seem very calm. I asked him if the company could buy back some stock. I could feel his eyes roll after I asked this question. He said that the company is not in any position to buy back shares. I asked him, what did he mean by this. He said, that Blue Sphere is still at the beginning of its growth and the capital that it raises needs to go towards building long term assets. I said that there seems to be a lot of overhead. He said that the company only has 12 people building multi million dollar power plants around the world. He said that they are running very thin to build a company that we be around for a very long time. He said in his view it is all about the long term value of the assets. I asked what he means. He said, take a simplistic approach. You buy or build a plant that you can basically fully leverage. You have a super high rated purchaser of what you are selling and they give you a very long term commitment to buy at a fixed price. You pay down your debt and then you still have a very long time, like ten years of csh flow without the debt burden. After that you can get another agreement or sell the asset. He said that one of the most important things is for the company to complete the listing. I asked how will this happen when the stock is so low. He asked me, do you think it will stay this low? He said, think about it, read the last three press releases, that can give you some clues as to what is happening with the company. He also said, don't forget, there are things that have not been announced yet. I tried to press him on what these things are and of course he said that he is not in a position to say. So pushed a little harder and all he said was. Italy and United States! I said, do you mean that there will be closings soon in those areas. He then thanked me for calling and said he needed to be on another call. But if I ever had any questions to feel free and call. I have to say that even thought this guy really did not tell me any great details, I did come away from the call thinking that there is much more going on than we know. Oh, I almost forgot, he also said that since they are in registration, they are a little limited to what they are able to say and when. He also said that they are traveling around this month speaking with investors and are planning to do a conference call. He also told me that they are working on the website to update some functions like having a twitter feed on the website so people that don’t have twitter can see. He also said that they are putting together a tool where we can give our email address to the company are we will get a newsletter type of release. Sorry for the not writing all of this in order guys. Just trying to relay it all to you.