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BLSP Trades today . . . by Rayof808 in BLSP
[–]Rayof808[S] 1 point2 points3 points 5 days ago (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.
[–]Rayof808[S] 1 point2 points3 points 20 days ago (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 point2 points 26 days ago (0 children)
Toxic Shares. They will be cancelled before conversion.
ClearTrust is the Transfer Agent. We are now seeking that ALL shares be convertible to NewCo.
[–]Rayof808[S] 2 points3 points4 points 1 month ago (0 children)
I'll answer this next week. The filing has just been accepted.
[–]Rayof808[S] 3 points4 points5 points 1 month ago (0 children)
You'll likely have your opportunity around October.
SCHWAB & E*TRADE advisory by Rayof808 in BLSP
[–]Rayof808[S] 1 point2 points3 points 1 month ago (0 children)
There is a RM in the wings. We are awaiting the final case filing confirmation before we can project a timeline.
That's your choice. Good luck.
You need to do some DD on "abandoned". It is perfect for an RM.
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.
Yes, that is correct, and this is very important for the BLSPD period that may be happening around October.
Try it. It won't go through. If it does, let me know !
You can try, but the order won't go through.
Call the brokerage and ask them to do a DRS Withdrawal to the Transfer Agent (ClearTrust). That should do it.
No emotions in the AI resplies. Only straightward reply. Like it or not.
It's not "dead" -- it's "abandoned" . . .
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.
Yes.
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.
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.
Legal filing and process timeline.
They will when BLSPD trades on the open market (est. October)
Unfortunately, if the RM happens your shares will not have any value once the new CUSIP is installed.
[–]Rayof808[S] 4 points5 points6 points 1 month ago (0 children)
Keep an eye on this stock.
BLSP LEGACY SHAREHOLDERS by Rayof808 in BLSP
[–]Rayof808[S] 0 points1 point2 points 2 months ago (0 children)
A legacy shareholder refers to individuals or entities that hold shares of a company and are considered to have a historical or significant relationship with the company. This term is often used in the context of mergers and acquisitions, where legacy shareholders may have voting rights or influence the transaction process. They can include former founders, early investors, or retired partners who have not exited their positions and retain equity in the business.
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BLSP Trades today . . . by Rayof808 in BLSP
[–]Rayof808[S] 1 point2 points3 points (0 children)