Blue Sphere Corp (BLSP)

[Sage7243]

So...what do you think?

So, I just happened to be on Google Italy, checking out Austep because I dislike it when my investments go down instead of up. So, I noticed that Austep was known for Wastewater treatment plants.

Austep is a Private Company, and one wonders if going public wouldn't help with expansion.

Read this article which provides more insight into the transaction. The magnitude of which gets lost in the legalese of the 8K:

http://www.aziendabanca.it/legal/banca-imi-nel-primo-project-financing-con-ebitda-garantito

Did you see this line?

In the context of restructuring, Banca IMI has granted four society also financed a new revolving credit facility to dispose of tax credits generated by the project management.


In other words, Management found a magic formula to utilize the tax credits as collateral.

I cannot help but think--call me crazy--that Austep may attempt a Reverse Takeover of Blue Sphere, which is certainly an attractive bargain after it, keep it as a separate entity, and then utilize it to finance growth in the US wastewater market, which is ripe for consolidation and privatization in the Trump era.

In addition, in Hickory, NC, Blue Sphere Water Technologies already has a foothold in the wastewater equipment universe. It is a private company founded in 2011, the same year that Elroy Amitzur--a wastewater treatment specialist and investor--came on board. Coincidence? Probably, but it would be a perfect fit for Austep.

http://bluespherewatertechnology.com.htmldomain.com/
http://bluespherewatertechnology.com/wpbluesphere/cost-per-thousand-a-discussion-of-water-treatment-technology/

And, if you go to Austep's website, the company lists its USA headquarters at this very familiar address:

Austep S.p.A.
via Mecenate, 76/45
20138 Milano (MI) - Italy

Tel. [phone]

E-mail: [e-mail]
E-mail Administrative Dept.: [e-mail]


AUSTEP USA Inc.
301 McCullough Drive
Charlotte NC 28262

Ph. [phone] - [phone]



So, do I think the reverse split will take place? Absolutely, but Blue Sphere may very well become the PUBLIC subsidiary in a very large Private company. Austep, in one fell swoop, could swoop up existing shares of $BLSP. Then, if desired, Austep could allow itself to be acquired by $BLSP (a Reverse Triangular Merger), thus guaranteeing a vehicle to eventual consolidation of Italian bio-energy plants and gaining a foothold in the American capital markets.

Who knows? The OTC is all about speculation.