Blue Sphere Corp (BLSP)

[Kikken]

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."