It’s Time To Review Blue Sphere Corp. (BLSP) Again

BLSP Stock, BlueSphere, Blue Sphere Corp.With StockTips’ eCrypt Technologies, Inc. (ECRY) supposedly heading to $1 and the long awaited launch of That Marketing Solution, Inc. (TSTS) finally underway, traders looking to go long may want to check out the penny stock of Blue Sphere Corp. (BLSP). To kick off the month, the clean energy company that develops, manages and owns waste-to-energy projects, announced today that its acquired the rights for fast-charging lithium-ion batteries. Having been beaten down -47% since the start of the year, a new look at BLSP stock prior to the new year could make for a great start to next year’s capital gains tax calculations.

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BLSP Stock Quote

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Blue Sphere Corp. is in their 5th year now of trying to become a revenue generating clean energy production and waste to energy focused company. The news announced today comes a month after they signed a license agreement with Singapore based Nanyang Technological University to develop, have developed, manufacture, have manufactured, import, export, use, market, offer for sale, sell, have sold and otherwise commercialize and exploit the same or any product to be produced based on the Licensed Technology in the field of consumer electronics including without limitation, wearable electronics, mobile phones, smart devices and electric batteries, including rechargeable and non-rechargeable batteries as well as electric vehicles and to use the Licensed Technology for such purpose.

The CEO of Blue Sphere, Shlomi Palas, a very easy to get in touch with CEO, hopes that this deal will create the initial revenue stream in the technology division for the Company which would be the first ever reported should something come of this. Although the deal with Nanyang only cost $10,000 SGD to sign and another $50,000 SGD upon production of a non-laboratory scale prototype, Blue Sphere has been surviving by issuing convertible promissory notes like the most recent, an aggregate principal amount of up to $580,000, to accredited investors which is usually a reason why share prices dip over time. On the bright side, Deloitte Touche Tohmatsu is their accountant which doesn’t monkey around with too many OTC companies.

Asher Enterprises Inc. is one of the “accredited investors” which is rarely ever a sign that the share price is ever going to rise. However, usually when Asher has gotten out of all their shares, tickers have seen spikes upwards which makes BLSP worth looking into.

Blue Sphere does have a couple of projects in the works that they have been dabbling with over the past few years. The projects include two in the U.S., (Charlotte, NC Waste to Energy Anaerobic Digester 5.2 MW Plant and Johnston, RI Waste to Energy Anaerobic Digester 3.2 MW Plant) and two in Ghana (Oti Sanitary Landfill Waste to Energy 1 MW Plant and Accra Transfer Station Waste to Energy Anaerobic Digester 10MW Plant).

Although none of these projects have any projections as to when they will become revenue generating projects, Bluesphere is supposed to update the public about this new deal for a fast charge lithium Ion battery. With the the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022, according to SBI Energy,perhaps a run on the waste-to-energy and renewable energy sector could spark a rally for BLSP stock.

Before looking to go heavy into BLSP stock, take note that a year ago the Company did a 1 for 113 reverse stock split which s why the OS looks so attractive for those not too familiar with the ticker. The Company still has 1.75 billion shares authorized and with roughly $951,000 in “other accounts payable” and roughly $528,000 in “debentures, notes and loans” on the books as of June 30, 2014, a look at the 10K when it’s filed in January could shed better light on what looking long could mean.

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About BLSP Stock

Blue Sphere Corp. is a development stage company focused on becoming a project integrator in the clean energy production and waste to energy markets, currently focused on five projects for which it has signed agreements, term sheets or memoranda to own and implement such projects and which are in various stages of development.

Click here to view the SEC filings for BLSP.
Click here to view the website for Bluesphere Corporation.

Authorized: 1,750,000,000
Issued and Outstanding: 38,113,810

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
11/28/14 0.1590 0.1590 0.1500 0.1590 +0.0090 +6.00% 31,400
11/26/14 0.1500 0.1500 0.1450 0.1500 unch unch 50,300
11/25/14 0.1350 0.1600 0.1350 0.1500 +0.0150 +11.11% 35,100
11/24/14 0.1300 0.1400 0.1300 0.1350 -0.0050 -3.57% 105,000
11/21/14 0.1300 0.1400 0.1300 0.1400 +0.0080 +6.06% 38,700

 

Bottom Line:

BLSP traded as low as 0.1202 last month yet, with today’s news, could wind up being one of those breakout penny stocks worth monitoring. It’s doubtful that ECRY stock breaks it’s 5-day high since StockTips began their pump, but TSTS stock could be a Titan on the OTC. While volume has remained relatively low on BLSP over the last few months, a couple thousand shares doubling or tripling from where it is could be enough to pay the electric bill or mortgage for a month or two at best.

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