Blue Sphere Corp. (BLSP)

[Hystart]

Yes, should have said no significant new news? It does appear that funding might be in place for Holland, but BLSP spent a lot of time plowing the same ground as they have done before and spent VERY LITTLE time talking about funding and past project performance. I would have liked to see how they expect to fund operations in the short term? Cash burn rate is HUGE and I would suspect that the Holland funding prevents BLSP from dipping into the cash for on-going operations? THis is typical of these kinds of funding mechanisms. The investor wants to make sure the cash is used to complete the project and not siphoned off to support non-project SG&A.