BLSP will have to do something positive for the PPS to go back up. Many have been saying that it is as low as it will go and that it is about to take off. Unfortunately these folks have not be very steeped in facts and the PPS has continued to set new 52 week lows, pretty much every week?
The 3 Q will be out soon and it will tell the story. Based on what I have seen it appears that the company continues to flood the market with millions of new shares.
I have said for a fairly long time that BLSP's Bplan is not sustainable. I think we are seeing that the company is falling apart. Two CFOs in 6 months, the CEO loaning money to the company, no new news other than a fairly lame Power Point presentation and news about a new engine repair that was probably in the works a year ago.
Lots of blustering about the company taking off, but no real facts that support all the buzz.
So lets wait for the 3Q. If you are feeling lucky bet the farm it will be a good one. If you are a conservative believer in solid Bplans, good leadership, and execution then you might want to sell now.
Since we have no real facts to go on today, the 3Q will tell the Tale!
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