Blue Sphere Corp (BLSP)

[Tomix]

yinon is start selling

(see my past message about yinon portfolio)

I already announced two months ago the planned sale of the BLSP
share from the portfolio at the end of August, and now I will begin to implement it in practice.

I've already said everything about the stock, the bad investment, and the unmanageable (to say the least) management of the company, so there's no need to repeat it again. However, for those who ask themselves where the company is going, it is on the face of it that activities that can generate profits are maturing (by the way, most of the net profit in the last quarter was apparently from the revaluation of the assets and not from actual revenues and profits . On the other hand, the company's cash burning rate is higher than its cash flow, so it will have to continue to raise money mainly by issuing additional share capital (because raising debt is relatively limited). If it continues to issue shares at the market price (and options at a rate of 1: 1 with the shares and exercise price close to current, as it usually does), then I will not be surprised if in a year from now we will see a number of shares more than double the current number. I wish I were wrong and the share will fly up for the few investors who hold and believe in it, but unfortunately I find it difficult to see this happen in the foreseeable future.