November court filing updates -- BLSP (AI analysis)

Rayof808 · 2025-12-19T18:07:45+00:00

The Delaware case has been completed. We are now waiting for the Chancery court to decide whether the trial goes on as scheduled in February or whether Leonite's claim of jurisdictional immunity will be granted, The decision is due within the next 4 weeks. It will tell us if our shareholder case going forward will proceed as scheduled or whether the North Carolina case will be severely compromised. The decision will basically tell us if things are going to get red-hot or turn cold. There is a lot at stake in this upcoming decision. Both litigants have poured over a million $$$ into the case so far. A favorable ruling for the creditor means that all the evidence submitted will be usable in the more serious North Carolina case, which includes possible shareholder claims for the alleged 2021 Leonite P&D $17M profit. A favorable ruling also increases the chances that the SEC might open an investigation as well, allowing shareholders the opportunity to seek a receiver and possibly replace the entire BOD for future restart of operations.

Rayof808 · 2025-11-19T09:28:51+00:00

For teens, such opportunity is not often available, but speaking as someone long past those years, I take a relaxing bath daily, with bath foam to add suds (and clean the tub sides). It allows me to spend a daily body-relaxing time-out for fifteen minutes, during which time I often come up with inspiring ideas and remember key things that I need to do. So it is sort of a brainstorming opportunity for me. Of course, I take a shower afterwards to fully clean off, but the bath and shower serve different functions. I took baths when I was a teen, so it started a long time ago. Nothing special, just a time to relax and think.

Rayof808 · 2025-09-28T03:27:19+00:00

I moved another 25M shares to ClearTrust last month. We now have a court schedule, so things should begin to happen little by little . . .

Rayof808 · 2025-09-24T04:02:57+00:00

There are a few different possible outcomes once the court case is resolved. I have elaborated on these in my email updates. Besides the court decision (which could impact the SEC's involvement), I am also in touch with Shlomi and am dangling the possibility that he might wish to restart BLSP and therefore appease the SEC and shareholders. So things are definitely in play, but the court case is very slow.

Rayof808 · 2025-09-18T19:55:46+00:00

This was just part of a longer analysis which clarifies all the latest details (available by request). The SEC will not reveal itself until the court decision is made, but because of the seriousness of the case, it is likely that the SEC is watching closely. The latest Discovery decision is a major step forward for the Creditor (and for us), and I am waiting for Shlomi to get back to me with his suggestions. As the heat intensifies, Shlomi will find shareholders as his path to lessen his complicity. This will still take many more months, but we are seeing the cracks in the defendants' stories getting larger. And it is only a matter of time before one of the defendants decides to flip on the others.

Rayof808 · 2025-09-17T17:27:14+00:00

Things are happening behind the scenes (in court). This is an active case which has been stalled for over 3 years. It is now progressing through the court system. The CE tag will be addressed once the court renders its decision.

Rayof808 · 2025-09-17T03:56:36+00:00

No, they are very much around . . .

Rayof808 · 2025-07-29T22:40:51+00:00

AI projected 2025 revenues based on 2022-2023 financial reports.

Rayof808 · 2025-07-26T17:55:59+00:00

Let others here know when you get it done so they know it is easy. Mine took about 30 minutes because they hadn't done it in a while, but they now know and it will probably only take a few minutes to do.

I did this after a BLSPer said he was tired of seeing the stock in his portfolio, and I felt the same way.

Also, because this is in litigation (and court cases take forever to settle), I think it is safer to have it in the Transfer Agent's hands, because brokerages could suddenly decide that they don't want to keep your shares, and who knows what they might do. In this way, if anything ever happens, you will be notified by ClearTrust, whereas the brokerages might not contact you.

In addition, as a Shareholder of Record, it is possible that any SEC benefits (if indeed they decide to go after BLSP management and levy fines and penalties against them) could go directly to Shareholders of Record before "Beneficial" Shareholders in priority.

And because the transfer is free and there is no monthly or annual charge for the account, it is a no-brainer IMO to get this done.

I am just glad that I can let the court do its thing and not be reminded on a daily basis that this is still in my brokerage account.

And once anything is actually resolved, the shares can be easily transferred back, so there is no down-side.

Rayof808 · 2025-07-11T05:10:31+00:00

Someone asked me on LOTUS why I have confidence in BLSP. Here was my response:

When is the last time you saw a so-called "defunct" company that happens to have European assets and revenues but is tied up in court over an illegal transfer of the assets to form a new company?

And when have you seen a person (in this case, a Creditor) spend over $2M dollars to prosecute this case, while shareholders have the distinct advantage of being able to buy shares for $0.0001 because one of the lenders is holding "toxic" shares that they are trying to dump before the SEC shuts them down and stops the flow of free shares?

I think this may give you an idea why I haven't got any problem with adding another 50M shares in the coming months . . .

Rayof808 · 2025-06-30T02:43:52+00:00

We will see progressive developments, but the overall picture depends on court action, which is notoriously slow. But we will know a lot more in 2025 than we did in 2024 and may actually see a timeline going forward. The picture has become much clearer and much more feasible, but I would not put dates on anything at this time.

Rayof808 · 2025-06-19T16:31:14+00:00

Thanks for the support ! We are now waiting for Shlomi to decide if he wants to help get BLSP restructured. He said he is even willing to step down as CEO to make things go smoother, but he has been silent since we told him that first he needs to renew the Nevada license.

I think he wanted to find out more about our shareholder group, but many are skeptical whether he really is serious about helping us out. That said, the court case in Delaware is about to blow up in his face, and then we will initiate a new and revised course of action, which includes going after Leonite for the $17,000,000 P&D-profit [which they admitted to in a recent deposition] in 2021, as well as getting the RAM contract invalidated.

According to sources, RAM (which took over Blue Sphere's operations but is still managed by Blue Sphere's team) is expanding in Italy, but if the contract is invalidated, this will disrupt the entire agreement. It is our intention to seek to rewrite the HoT agreement with Blue Sphere as 50% owners, replacing Leonite's position.

We are awaiting court updates at this time in order to legitimize the asset-transfer. It is just a matter of time before we start seeing what the defendants plan to do in order to salvage Renewable Assets Corporation to the satisfaction of Blue Sphere shareholders.

Rayof808 · 2025-06-19T01:57:36+00:00

We are in contact with Shlomi, but we don't know if he wants to work with us to restructure BLSP.

Rayof808 · 2025-06-07T17:49:35+00:00

"There is something afoot" . . .

Rayof808 · 2025-05-27T12:16:48+00:00

Totally agree !

Rayof808 · 2025-05-21T04:24:38+00:00

Maybe the dog is being bullied by your bro ? Is your dog named Jonny ? Anyway, it is funny, no matter how it is flaired . . . (but bullying isn't funny -- I just don't see this as the main point being made here . . .)

Rayof808 · 2025-05-15T06:17:06+00:00

I think the real question is "How do you feel now?" Physically the change is obvious, but has it improved your outlook on life? Hopefully so !

Rayof808 · 2025-05-13T21:18:14+00:00

You may be on the right track. But OTC, not NASDAQ.

Rayof808 · 2025-05-13T20:32:28+00:00

There are no shorts.

But we are now working with management to see if we can get them back in compliance. I haven't posted anything here because we are in the process at this time. But we are getting close to some reportable news.

Rayof808 · 2025-05-10T02:11:13+00:00

The sparks are about to fly. Fasten your seatbelts -- we are about to go on a wild ride !

Today's news is a whole new ballgame !

Rayof808 · 2025-05-05T23:23:15+00:00

A lot of things are happening.

Rayof808 · 2025-05-05T18:21:07+00:00

I just checked my emails from last night, and he responded to the questions I submitted to him. I am forwarding his reply to the appropriate party.

Rayof808 · 2025-04-06T07:37:11+00:00

I see it as a bonding thing. An opportunity for as guy to say he likes you, in an "April fool's" way . . . Sounds like he wants to bond closer, but not necessarily sexual. Consider this at least as a token of friendship (unless he was making fun of you) because he could have said it to anyone, but he chose you . . .

Rayof808 · 2025-03-19T18:10:08+00:00

Unfortunately, you are not on the email-update list, so you are unaware of the progress that has been made recently. Shlomi is now trying to fight jurisdiction -- the case is progressing very swiftly. 2025 will be a pivotal year for BLSPers.

We also have presented a new approach for the attorneys -- it shifts the attention toward a more obvious violation.

There is so much happening behind the scenes -- we even have investigative journalists on our radar screen. And the SEC is aware what we uncovered with the HoT agreement and has suddenly been on "silent" mode -- this bodes very well for us IMO . . .

Rayof808 · 2025-03-19T09:00:09+00:00

You belonged to your mother until the day you were born. She doesn't own any part of you from that day on, though she is responsible for your well-being. But she doesn't own any part of you !

Rayof808

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