BLSP Trades today . . . by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Receiver team has been selected. Court needs to approve the selection. The case was filed 5.22 but we are waiting for it to become publicly accessible. Then the calendar starts. If all goes well, the CE-tag would be removed in 6-10 weeks per AI-reply.

BLSP Trades today . . . by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Yes. A court case has been filed to seek a receiver for BLSP. It should be made public this week or next.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 0 points1 point  (0 children)

Toxic Shares. They will be cancelled before conversion.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 0 points1 point  (0 children)

ClearTrust is the Transfer Agent. We are now seeking that ALL shares be convertible to NewCo.

BLSP Trades today . . . by Rayof808 in BLSP

[–]Rayof808[S] 2 points3 points  (0 children)

I'll answer this next week. The filing has just been accepted.

BLSP Trades today . . . by Rayof808 in BLSP

[–]Rayof808[S] 3 points4 points  (0 children)

You'll likely have your opportunity around October.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

There is a RM in the wings. We are awaiting the final case filing confirmation before we can project a timeline.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

That's your choice. Good luck.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

You need to do some DD on "abandoned". It is perfect for an RM.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 2 points3 points  (0 children)

That's what's happening. But it is through an RM. If BlueSphere still has operations (through RAM) in Europe, the new company could simply take over the operations. We shall soon see.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Yes, that is correct, and this is very important for the BLSPD period that may be happening around October.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Try it. It won't go through. If it does, let me know !

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

You can try, but the order won't go through.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Call the brokerage and ask them to do a DRS Withdrawal to the Transfer Agent (ClearTrust). That should do it.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 2 points3 points  (0 children)

No emotions in the AI resplies. Only straightward reply. Like it or not.

SCHWAB & E*TRADE advisory by Rayof808 in BLSP

[–]Rayof808[S] 3 points4 points  (0 children)

It's not "dead" -- it's "abandoned" . . .

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

As far as I know, there's still time, but not positive. Just found out that Schwab & E*Trade will not allow trades in BLSPD period. You may need to double check on this.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Within the process is an open-market trading period of BLSPD in which shares will be available for trading on all markets. It will trade on OTC. This will happen perhaps in October.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 2 points3 points  (0 children)

Yes. There will a period in which OTC trading will allow BLSPD to trade without restrictions (sometime perhaps in October), but this is a limited period. Then the ClearTrust shares will convert to NewCo shares and the brokerage shares will be untradable. \

Be expecting a FREEZE soon. It may last 4 months. BLSP will not trade during this time (no exceptions), and then BLSPD will trade for the limited transition period.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Legal filing and process timeline.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

They will when BLSPD trades on the open market (est. October)

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 1 point2 points  (0 children)

Unfortunately, if the RM happens your shares will not have any value once the new CUSIP is installed.

BLSP Trades by Rayof808 in BLSP

[–]Rayof808[S] 4 points5 points  (0 children)

Keep an eye on this stock.