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IGA
That makes no senses AT ALL. Remember, the management of this company are small shareholders.
Second of all, this is a company that needs money and they are not going to be able to raise cash if the price is this low.
The company has ZERO benefit in the low stock price.
This is crazy!!
Such nonsense.
And waiting for what to happen. Like I said the other day, the last three press releasees had Charlotte going online, they got a $160,000,000 grant in Holland and they just got new terms on their debt in Italy. These are great things happening with this company.
The only thing I can think of is that people know that they are planning a financing and are looking o keep the price down. But my guess is that by keeping the price down, it will only hurt the ability to get the financing.
Lots of selling pressure today.
The last three or so press Releases from blue sphere. 1) Charlotte connected to the grid. 2) Got a $160,000,000 grant in Holland. and 3) Refinanced loan terms in Italy making those projects better.
The result, people selling. Man, that is harsh. Good for some I guess. Can pick up more cheaply.
Yes, unfortunately I agree with you.
Great post. I agree with you! This company needs to be valued at least five years out. Each deal they do at this point is heavy with debt. The bigger deals also take time to build and ramp up. As the debt load comes down, these facilities are cash machines and they have very long term agreements to provide stable cash flow. If you are looking to value this company today you are missing the opportunity. I am buying as much as I can at this point. I hope their move to nasdaq is a success and they are able to raise a ton of cash. It will allow them to put more equity in each deal. I thought the Italy PR the other day was great! Looks like they were able to loosen up their loan agreements. That should help allow cash to flow up to the company even faster. I am not saying that these guys are perfect by any stretch and sure they have made plenty of mistakes, but I think they are on to something and it would appear that they are committed to seeing it through. Every time I see some Jerk hid the bid with one share or four shares I only laugh. It allows me to pick up a few more at that cheaper price.
Nice news for the start of the year!
https://finance.yahoo.com/news/blue-sphere-completes-debt-restructuring-195900499.html
Last to trades were for 2 shares. LOL!
Wonder who the genius is? Cost more to execute the trade than what you gain by selling.
Gindin. This is amazing news!! Not just good news.
It says lots about the company. It says that they are for real. People don't just had out $160,000,000 grants!
I think these guys are going really surprise s all!
Buy Some Shares! Maybe Lazarus is the only buyer, but what is this saying? They know something!
Yes I know some of us have been in this stock for a long time and are frustrated, but look what has happened in the last two years. This little tiny company has bought four power plants, built two large power plants (yes, I know they are no fully complete) and today they announced that they won a $161,000,000 Grant! I think that Lazarus knows that these guys are doing something right. It may have taken a while and they may have made some mistakes, but they are now strongly moving forward. Think about it, not just anybody is awarded a grant of that size. I think that this is a real telling sign of what these guys are up to.
Well said!! Well said!!
Nothing different today from last week.
These guys are going to surprise us all!
Where did you get that they only paid 2.9mill for the 4 plants in Italy? They paid a lot more than that!
i do agree that it would be nice to see some new action in Italy, since the deals over there are acquisitions.
Sorry to but in. Here is my take.
1) Projects get delayed. It happens. But now it is connected.
2) It think citoyen is spot on. This is a long term play. These assets have very long term agreements. You really have to look out a lot longer than one year to see the value here. Let's say that it takes three years or even five years to get real value out of the assets. Well, then you have a twelve or ten year run from there on with great returns coming to the company.
Sure they have made some mistakes over the years. But the bottom line is that these guys are scrappers. They have taken their lumps. I mean, just look at the filings. These guys are not getting rich off of what they get paid. And management hardly owns any equity. They got diluted out with the bad financings they did. But they keep at it. I give them credit for this. I have talked to the CEO at a conference before and I find him to maybe be a little overly optimistic, but totally committed to getting things done.
Yep I would like to see more news, but on the other hand, I don't want to be fed crap. Maybe these guys can do a conference call? Would be nice to hear from the horses mouth, what there thoughts are. Not just a report on when this is going to happen and when that is going to happen. But a real discussion on the direction and vision of the company. What are these guys trying to build?
I think these guys just need to get these projects up and going. Get bumped up to an exchange and bring in some real money. This way they are not taking all of this crap micro-cap financings that only help the guys putting up the money.
I don't know about you guys, but I am not waiting for some silver bullet new report so I can dump the shares. I mean, if you look at the trading patters that we currently have, we could kill the stock. Too thinly traded. Even if I had a lot of shares, it is still not going to make me a huge sum. If I had a million shares. (And I don't) and the stocked doubled form here, i would have a hard time justifying a sale at this point. I mean, that would only give the company something like a $40mill valuation. I am thinking that this can be a much larger deal. Maybe I am the one being optimistic? We need to get theses guys some new buyers and the only real way I see that happening is if they get to an exchange. I the mean time I am a buyer.
Here is what I see.
Long term, stable assets.
Really dedicated management that has been thought the ringer.
Right space at the right time.
Not a pump and dump
Needs to get a nice pool of capital.
Hi! How do you know this date?
New news out!
Charlotte has "COD". This is great!! Not only connected by now approved by Duke. I guess Charlotte is further along that I thought.
I agree. However, you said "done" by the end of the year. I am not sure that even the Charlotte plant is "done". Based on what I have read, it would seem possible that Rhode Island can connect this year. May not be "done", but that would be a huge milestone if they make it by then. Remember what it said in the last PR. If they connect they can get rid of the shareholder deficits. This is really important if they actually want to list on a big exchange. Come out clean next year without a negative equity.
Guys. We need to read the documents and view all of the activities from a little higher level before getting too excited.
1) The Company has not has not yet disclosed its plans for an offering or a reverse split.
2) This was mentioned in an article in the Charlotte Business paper and, by the reporters own statement, it has not been confirmed by the company.
3) I the 8K that was filed for that small financing that they did, if you look close enough, the terms are basically a loan that gets repaid on either the sooner of a stock offering or in April 2017. So in other words they borrowed some short term cash and they have until April to pay it back unless there is a stock offering sooner.
4) In the default provisions there are filings that need to be made by certain dates as part of the deal. This is to protect the lender and most likely was an inducement as well. They have to make the filings for an offering so that come April, they are not starting at square one if indeed they need to raise money to pay off the loans. It also states that in the filings a Reverse Split would need to be APPROVED. By the way, this is all it says. APPROVED. Nothing says they have to do it.
5) The date of December is only a mandate of the lender.
Now, I am most certain that this company is going to do an uplisting and it will need to reverse split to meet the requirements. I am also certain that they will do this at the same time as a capital raise. Personally, I hope that they do. This company is so underfunded, its crazy. If they get funded properly, they can stop doing all of these crap financings.
Remember, to do the uplisitng, they will need a banker. The bankers have clients and they cant sell them complete garbage. They also have to meet certain requirement to get on the exchange. All of these taken together spells good news to me. IT is not like they are doing a reverse and then that is it. I am guessing it will happen next year. Get these Charlotte and Rhode Island up and going and then do a financing for they future growth. Hey, it can only help our wish for a smaller reverse. Get they project up, they stock should react a little bit to the positive and then make changes.
If you look at the other 8K. The one about the legal issue. Do a little homework on this guy. Looks like an ambulance chaser! I would not get too worked up about this.
Oh and by the way, as all of this is happening and we are all complaining, Lazarus haas bought another few hundred thousand shares. Do you really think these guys are clueless to what is gong on with the company? I don't. My guess is that they know exactly what is going on.
My last thought. Based on what I read on Twitter the other day, i would say that those were pretty solid hints as to the timing of Charlotte going online. My guess is that it is imminent.
So that is my rant for the day. Keeping my fingers crossed and still thinking this is going to be a pretty good deal.
What are the three new plants in Italy?
Really good!
I called a friend of mine who knows this space very well. I asked him who Stern Brothers was and if it was a good idea if Blue Sphere hired them. I had never heard the name. He told me that it was pretty much the other way around. It is more like Stern Brother chose Blue Sphere. He said that they are really picky and don't just take on any client. Said they are top firm for project financing and have been around for a really long time.
It sounded really encouraging to me. Fingers crossed.
Hello citoyen. I was at a presentation about BLSP at a financial conference. I think it was a SeeThruEquity conference. It was in New York about a year or so ago. The presenter, I think it was the CEO, told the story when someone in the crowd asked about it.
ZERO reason??? You have got to be kidding.
1) Early investors were hurt. Price was at .30 for the last RS.
Well the best I can tell, that happened in in 2013 when all the company had was basically an idea. Sounds like the early investors were taking a big gamble. VERY very different story today.
2) Get a project done and producing revenue. Last I checked BLSP has 4 fully operating plants in Italy.
Don't need to raise money? How do you think these projects get paid for?
3) Caterpillar. Yes, i would agree this is a good show of faith in the management team. But if you have ever gone to a BLSP presentation at any of the financial conferences and asked the same question, you would know that they ended up not being OK with the technology. Which, by the way is why they were willing to lend the money.
This company is so crazy underfunded. From what I can see, it is pretty impressive that they have only raised something like 7 or 8 million at the corporate level during the entire time of their existence. This is less than 1.5million a year on average. Who can survive this way, doing what BLSP is doing?
Let's say you are right. Then lets pretend that the total EBITDA at the project level is actually the earnings at the corporate level. Then lets put a ridiculous multiple on this earnings. Lets say 20 times.
The market cap would be less than 250million. The price would still be below a dollar and most institutions would still not be able to buy.
Guys. The key here is liquidity. Right now, basically the only people, with a few exceptions of course (Lazarus), that can trade BLSP are the people on this board. We need institutional investors to help provide that liquidity and BLSP needs their money for growth.
We should be asking the company how they are going to raise a large pool of capital. This is what I would like to know. BLSP talks about their big list of projects. Well, they are going to need cash to build or buy those plants. Equity cash. I am not concerned with dilution if the cash is buying more assets or cash flow.
My view is this. Each plant has a long term agreement to buy the power. For the first few years, it looks like they are just servicing debt. But the purchase terms are so long that as they buy or develop more and more projects, with the proper funding of course, they company will become more and more valuable.
This is why they need more equity capital. I think if these guys manage this properly and do a reverse when the announce that they bought some new projects or announce that they completed the american projects or even started to build a new project, it could be a very good thing.
If they do the reverse and announce nothing, then it will be very bad!
Any way, just my opinion of course. I like this space a lot. Seems to me that with all of the regulations in america, this company can be in the right place at the right time. I hope so.
Hi everyone! Have you see the BLSP Twitter today? Nice!
This is just an amendment to the s-1 previously filed. Nothing new here at all. Typically after an s-1 is filed, thee is a comment period and the company has to amend the filing based on how they answered any comment that were provided by the SEC. If you look, this is the second amendment. No big deal at all.
The share are not being sold to the general market. This s-1 is not being done in conjunction with an offering. This is an S-1 that is registering shares after the fact. These are shares that have already been sold in a private placement or something restrictive. This S-1 essentially is lifting the restrictions. So yes they will add to the float, but the vast majority are the shares that one investor purchased. I am pretty sure that we currently don't have the liquidity for that investor to start selling. If they did we would be at zero. I think these investors have bought so many shares that they must be working closely with the company and are in for the long run.
As far as the warrants. These too have been accounted for in all of the other filings. And by the way they have not been exercised yet as far as I can tell. Quite frankly I wish they would.
So again. No new shares.
I see that BLSP just filed a S-1 registration statement. Looks like they are registering the shares from the different financings they have done this year. No big deal because these are not new shares and its not like the folks with these shares could actually sell them anyway.
Nothing really new here in the information except for one thing. I noticed that they gave a time frame for NC & RI completion. It said Q3 2016. I am guessing that since this is stated in an actual filing rather than a press release, we may now have the best estimate of when these projects will be done.
Sure do agree with your post. By the way, I just noticed that there is an updated Corporate Presentation on the Blue Sphere web-site. It would appear that it has not really changed, but then I looked at each page a little closer. There is a good bit more information. I think most was addressed in the CEO letter, but it was at least updated.
Buying on this dip for sure!
Why would they have to do a 1-2500 reverse if they did it now? If they did that the price would be $198.50.
Last trade at $0.0794 x 2500 = $198.50.
What am I missing?