Blue Sphere Corp (BLSP)

[pba1969]

Another fresh, new low! Beautiful! and that was accomplished without me buying, heck there must be another ME out there, same Midas touch.

On another topic. A while back I mentioned the co. should have a buy-back program.... well. it does, to my surprise. It passed it a few years ago and authorized the company to buy back upwards of 500K of stock, to date none was done.

It seems like this company is content in letting the pps drift into a black hole, this is very dis concerning especially when we all know that, in the not too distant future, they have to issue more shares.

They have some cash at hand, if they wanted to stabilize the pps or God forbid move it up, all they have to do is to take a fraction of that money, say 100k, and start putting some buying pressure on the stock. They can slowly buy more than 50K shares during a time spam, this company hasn't traded 50K share total in probably 2-3 months.

I know what the argument against what I outlined is, they need money for operation, to expand, blah blah. IF they were able to prop the PPS, all would benefit, us, them, the co. because when the additional shares come, wouldn't they want a better price?

Sorry for my ranting but this is getting ridiculous. Basically down to 1 penny, post split!

Happy T'Day!