gunballs....i have been buying shares down here, but not nearly enough to account for the larger volumes we have seen of late. please check my last 3 or 4 most recent posts to get a sense of where, imo, the company stands these days.
the biggest problem -- and selling -- appears to stem from 2 outstanding convertible loans the company took on last year. i have been told by the company that the holders of those loans have been selling down to try to get the lowest possible conversion price. have also been told that the company has the option to retire those loans in mid-july, something they intend to do.
in the meantime, last week's pr announcing possible buyback of up to $500,000 in shares (or up to 20M shares @ a price of .025) will hopefully provide some kind of price floor to fight further pps erosion. that's a lot of buying power in micro-cap land. guess we'll soon see how this all plays out...
additionally, with the engagement of NYC-based Maxim Group to provide strategic guidance and other services, the implication is that Bluesphere's current pps is not an accurate reflection of the company's current value or future prospects. if you look up maxim, i think you'll reach a similar conclusion that they would not bother taking on a tiny company like bluesphere if they didn't see the company's value or potential...but that's just my take....
bluesphere has an interesting business plan in a high-growth arena and management that appears to be both dedicated AND adequately incentivized to make the company a success. with ownership in 2 US waste-to-energy facilities, assured payment from the portion of those 2 plants the company has sold, plans for more US plants, a proposal to take over 7 italian w-to-e plants, etc, etc...the company would seem to be a compelling proposition worth at least further investigation from an investment point of view....
all imho and fwiw....!
