This email was posted in September 2015 back in the day on the PSPW board and here is the screen shot from 2014. I think there was something there based on the email but its apparently dead now. And it was all based on this client Falak Properties screen shot based on Structured Financial website before they took it down. Greenworld is probably out but there was a seperate $500 million already built up in addition from their sister corporation which links the Saudi Arabia $100 million deal and GREW possibly to PSPW. I am surprised this never gets discussed or GREW can trade without any filings because its out there in the open.
XXXXXXXXX:
It has come to my attention that your recent inquiries related to the Falak Credit Facility are part of a larger dialogue on the internet in which the fortunes of both 3 Power and GreenWorld Development are being speculated upon.
Although until this time we have declined comment based on confidentiality obligations, upon consulting with our counsel, it is our view that the activities of our firm related to Falak Properties should not become part of that speculation as we do not wish to influence motives of shareholders to buy, sell or hold securities in any firm, at any time.
Accordingly and with prior notice given to Falak representatives related to the content of this message, we wish to state the following:
Our firm was retained by Falak Properties in 2012 to arrange a Credit Facility to be used to fund activities of firms in which Falak held significant ownership positions, potentially including GreenWorld Development and 3 Power. Our engagement agreement for this assignment was executed at that time and periodically renewed through 2013 under agreements executed alternately by Sharif Rahman and Hani Salem, on behalf of Falak Properties. It is important to note that at no time did our firm have any business relationship directly with either GreenWorld Development or 3 Power.
On April 2nd, 2013 we issued a final commitment letter to Falak for the Credit Facility, in an amount of $3 Billion.
However; there has subsequently been no borrowing activity by Falak on the Credit Facility commitment, and that commitment has now expired, without a renewal.
I hope this information clears up any speculation related to our company’s relationship to Falak Properties, the Credit Facility and its use potentially affecting either GreenWorld Development or 3 Power. We feel that this message should address any questions that investors may have and do not feel it necessary or appropriate to offer expanded comments, beyond the content of this message.
Regards,
Randy Pereira
President, Structured Financial
Phone: (480) 305-2032
Mobile: (602) 317-2250
Email: Randy.Pereira@StructuredFinancial.com
Website: www.StructuredFinancial.com
Address: 17470 N. Pacesetter Way Scottsdale, AZ 85255
XXXXXXXXX:
It has come to my attention that your recent inquiries related to the Falak Credit Facility are part of a larger dialogue on the internet in which the fortunes of both 3 Power and GreenWorld Development are being speculated upon.
Although until this time we have declined comment based on confidentiality obligations, upon consulting with our counsel, it is our view that the activities of our firm related to Falak Properties should not become part of that speculation as we do not wish to influence motives of shareholders to buy, sell or hold securities in any firm, at any time.
Accordingly and with prior notice given to Falak representatives related to the content of this message, we wish to state the following:
Our firm was retained by Falak Properties in 2012 to arrange a Credit Facility to be used to fund activities of firms in which Falak held significant ownership positions, potentially including GreenWorld Development and 3 Power. Our engagement agreement for this assignment was executed at that time and periodically renewed through 2013 under agreements executed alternately by Sharif Rahman and Hani Salem, on behalf of Falak Properties. It is important to note that at no time did our firm have any business relationship directly with either GreenWorld Development or 3 Power.
On April 2nd, 2013 we issued a final commitment letter to Falak for the Credit Facility, in an amount of $3 Billion.
However; there has subsequently been no borrowing activity by Falak on the Credit Facility commitment, and that commitment has now expired, without a renewal.
I hope this information clears up any speculation related to our company’s relationship to Falak Properties, the Credit Facility and its use potentially affecting either GreenWorld Development or 3 Power. We feel that this message should address any questions that investors may have and do not feel it necessary or appropriate to offer expanded comments, beyond the content of this message.
Regards,
Randy Pereira
President, Structured Financial
Phone: (480) 305-2032
Mobile: (602) 317-2250
Email: Randy.Pereira@StructuredFinancial.com
Website: www.StructuredFinancial.com
Address: 17470 N. Pacesetter Way Scottsdale, AZ 85255
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