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I'm out! The shysters have won. The truth does not matter.
GLTA.
No one has made anything until they have sold. So since you are claiming people have made money, enlighten us by telling us when they sold.
Your willful ignorance in claiming Duke is a partner is appalling. They are only a partner insofar as they will buy the power the plant produces.
Of which, the plant is currently producing NO power.
If you want to know who owns the majority of the Charlotte facility, look towards New York...
Duke is NOT the 75% partner ... that you would say that indicates you have NO CLUE what is going on.
LOL so after reading the latest quarterly report, what in it justifies the latest run?
Hello DrugDoctor,
A few questions about the Charlotte facility that you are asking people to repost:
1) Did you know that it is currently shut down?
2) Did you know that the reason it is currently shut down is that Bluesphere installed equipment that did not work?
3) Did you know that Bluesphere's ownership of the Charlotte facility has dropped to 25%, likely because of #2?
4) If and when the Charlotte facility comes back on-line, how much do you expect the facility, at 25% ownership, to reduce the monthly loss BLSP is incurring?
Haha ... read the latest quarterly report, then ask yourself if there is a legitimate reason for this latest move.
If you can find one, we'd love to hear it.
LOL ... sell the only thing they have that is generating any significant revenue. That's a good plan for staying afloat.
The mind boggles.
They HAD $2.4M back in June. If you look at their latest quartely report and project from there, it is likely they are running out of cash later this year.
Not true - they have not been quiet. They released their quarterly report, where they said:
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of June 30, 2018, the Company had approximately $2,444,000 in cash and cash equivalents, approximately $17,775,000 in negative working capital, a stockholders’ deficit of approximately $8,206,000 and an accumulated deficit of approximately $58,360,000. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
"Therefore, we are still seeking to raise additional funds for future operations and possible project investment, and any meaningful equity or convertible debt financing will likely result in significant dilution to our existing stockholders. There is no assurance that additional funds will be available on terms acceptable to us, or at all."
(emphasis mine)
Wait, so you're saying you ARE trying to pump'n'dump?
Since Bluesphere said in the latest quarterly report that they are likely to go under, and even if they are able to secure financing it will result in "significant shareholder dilution", I wouldn't recommend anyone hold this stock in any form ever.
LOL it must be opposites day. When shorts cover it creates buying pressure and drives the price HIGHER.
Today is massive volume with the price going significantly LOWER. Sounds like lots of people are trying to get out, while the getting out is good...
I'm here. Just figuratively munching on popcorn and watching the movie. :D
Flim & flam.. Share price down 28% so far today.
I'm guessing the Dumpers (it's not really accurate to call them Pump'n'Dumpers anymore, since they aren't very good at Pumping - maybe they skipped the chapter on Pumping and went straight to the chapter on Slapping) are having trouble moving the share price due to the guidance Bluesphere provided in their latest quarterly report:
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of June 30, 2018, the Company had approximately $2,444,000 in cash and cash equivalents, approximately $17,775,000 in negative working capital, a stockholders’ deficit of approximately $8,206,000 and an accumulated deficit of approximately $58,360,000. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
"Therefore, we are still seeking to raise additional funds for future operations and possible project investment, and any meaningful equity or convertible debt financing will likely result in significant dilution to our existing stockholders. There is no assurance that additional funds will be available on terms acceptable to us, or at all."
So an 8% drop is "holding up very well"? If you say so!
But seriously, please drive the share price higher. If you get it above $0.17, I pledge to send you a bottle of wine. Specifically, a bottle of Two Buck Chuck.
You might think I am being cheap, but let's look at the facts: it will be a bottle of wine that is worth more than the entirety of Bluesphere Corporation.
Thanks for the compliment. I'm actually rooting for these guys; if they can push the price to $0.165 I can get out without a loss.
Price is already heading down though. So far they are all dump and no pump.
From BLSP's latest quarterly report (emphasis mine):
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of June 30, 2018, the Company had approximately $2,444,000 in cash and cash equivalents, approximately $17,775,000 in negative working capital, a stockholders’ deficit of approximately $8,206,000 and an accumulated deficit of approximately $58,360,000. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
"Therefore, we are still seeking to raise additional funds for future operations and possible project investment, and any meaningful equity or convertible debt financing will likely result in significant dilution to our existing stockholders. There is no assurance that additional funds will be available on terms acceptable to us, or at all."
But I'm sure BLSP is due for a Double Candle Reversing Upside-Down Trampoline Flip Bounce Snapback to eleventy-twelve cents per share.
There is no news driving the price, but take a look at this board. Yesterday morning the pump'n'dumpers moved in, and good luck to 'em. Because of them I might be able to exit BLSP gracefully, before Bluesphere goes under for good.
Yep, raised over $110,000,000 in financing. You know, those financers are going to want their money back at some point, with interest...
I've been to the Charlotte facility BTW. (Bluesphere is now only a minority owner of it.) The facility is shut down this summer because they are ripping out all the equipment Bluesphere put in and installing a new system. The problem was apparently that Bluesphere installed a system based on their plants in Italy, but it didn't work well here.
They expect to be back up and running this fall.
That deficit was generated almost entirely by taking on debt and selling shares. Since they have almost $18,000,000 in negative working capital, the shares are worthless if they go under. And if they do manage to take on more debt and survive another year, the shares aren't going to be worth much more.
I hope I'm wrong, of course. But there are no rainbows and unicorns here, despite the pumping.
And $58,000,000 of accumulated deficit. And looking to take on more debt to stay afloat. Yikes.
Yes, as per the quarterly report, all numbers are in the thousands. Thus, they have almost $18m in negative working capital. Yikes.
Why is it due for a bounce? From the quarterly report:
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of June 30, 2018, the Company had approximately $2,444 in cash and cash equivalents, approximately $17,775 in negative working capital, a stockholders’ deficit of approximately $8,206 and an accumulated deficit of approximately $58,360. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
"Therefore, we are still seeking to raise additional funds for future operations and possible project investment, and any meaningful equity or convertible debt financing will likely result in significant dilution to our existing stockholders. There is no assurance that additional funds will be available on terms acceptable to us, or at all."