Blue Sphere Corp. (OTC:BLSP) Gets an Upper Class Promotion
02 Dec 2010

Blue Sphere Corp. (OTC:BLSP) has not issued any news lately, but its share price shot up this Monday. There are no promotional disclosures either, yet the trading pattern reminds much about the promotions from March this year.

It looks like some sort of a secret promotion for BLSP could be running this week. The stock was mentioned in a trading alert, where the sender claims that some promotions are ongoing, though not like the ones made over newsletters, but more of a “high scale” and an “upper class”. Further, the alert advises traders to put the stock on the promotion watch, as it is just starting its promo rise.

Blue Sphere published its latest press release more than two weeks ago, but the idea that there are now “upper class” promotions was news good enough to make the share price keep its upper trading range. Yesterday, BLSP closed at $0.615 without a change from the previous close and traded over 311,000 shares.

The idea of new promotions sounds realistic though. BLSP price and volume bursts in the beginning of the week resemble those from the end of March, when three different promoters received $300,000 for advertising the shares. And it is not that Blue Sphere and its still missing business are not an attractive speculation target.

BLSP latest 10-Q shows minor assets, mostly in cash, no revenues since inception over three years ago and a not exactly clear management vision of the company’s future operations or sources of funds. The plan is to “generate revenue through sales of carbon credits, energy generation, project development and sale of byproducts”.

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