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Thanks for this. I found the podcast episode very insightful, especially since that was recorded a month or so before the Cycle merger. Mike's taken awhile to get to this place, and its all coming together. Another interesting thing is that Steve (the podcast guy) is "helping Mike with a project," in which funding is given for shares near the market rate. You saw CDEL cross out at .01 earlier today? In my opinion, this is why we're hovering here because the funder probably isn't making any/much money lower than .01 or has some sort of restrictions. So other than the annoying awareness promoters selling their couple of free shares (I told Mike I didn't agree with the idea, but whatever), there's no retail selling down here.
Indeed, bounce is coming. Symbol change will bring a few day traders when it shows up on FINRA's daily list, but the audited fins showing Cycle revs will take us up. I bet revs show $1.5-$2m for the quarter.
I'm shopping today too
Yep. Last Thurs I posted his response here and then was "teed up" to share on Twitter haha. Also, Alan said fins will be audited when they file to get current.
Well. Accumulation by slappage.
You buy the restated AR yet for Grew Energy? There’s still some docs not uploaded, but here’s what a 357 notice means: http://www.irishstatutebook.ie/eli/1963/act/33/section/357/enacted/en/html
Not sure if it has anything to do with Shala or not, but I’m sure you could compare the original Grew AR and the restated and see.
Its your perogative to have the assessment you have. Check your math though - a 221 mil OS at .10 is $22 mil market cap which is below book value based on what we know so far with £23 mil shareholder equity ($30 mil) from 2018. The debt is investor bonds, the first of which matures Nov this year. I asked him about the bonds, and of course he couldn't say anything yet. But all signs and the DD point to much more in the works than just their betting algorithm.
I can corroborate this. He responded to me this morn.
https://i.ibb.co/JCcgsSb/924-F1582-1-CE1-43-E7-ADD7-C0240-E910233.jpg
Most institutional or accredited investors aren't going to put in a $500k bid on a thinly traded penny stock, for example. Try buying 50,000,000 shares at .01 here and see what you get. With a 300,000,000 float, this thing would hit .03 in minutes. Or see how long it takes you to put in one hundred .01 bids at 500k one at a time after each fill - would be weeks if not months and the price would surely rise just the same.
An offering like this basically allows legit whales to load with size without hassle. You might pay a bit of premium to the CURRENT market, but its way more efficient when you're not someone who sits around trading all day every day. Plus if you buy over 9.9% of the OS from market, you have to register with SEC and there's certain rules, etc. Reg A on the other hand is an exemption from securities registration. And I've seen Reg A's that double or triple the current OS, but this one only adds 22% max if they sell the whole offering.
Glad to hear your biz is doing so well, you deserve it. You've made your bet here, that's for sure. I got too close for my own good.
You really think Falaknaz is in a position to take the risk? Maybe in '22 or '23. Properties is the wildcard, no idea how they're doing. But SIGN & DEAL events were pushed then postponed til '21 so can't be good for IEC. I would imagine most of their retail holdings aren't on fire either. And Expo 2020 now Oct '21, so any economic benefit wont be for another year. I bet General Enterprises / The Warehouse has been the bright spot in their portfolio with building materials and outdoor furnishings. The "shopping sprees" are done, can't pull another Aardvark into Menasat instant destruction of value, now can we?
But hey, what do I know about the thriving Falaknaz empire.
Nope, not mine. Impressed you have so much confidence still. I’ll stay nearby, in case. I know too much.
I hope you are right. Not a risk I was willing to take anymore. It took me months to unwind without taking a loss or screwing any of y'all. I can always buy back at a premium on the way up if it ever comes through. I'd be ok with paying more if it helps any of y'all profit for sticking out the years.
Are we saying roughly the same thing but with different conclusions?
I’ve always assumed they were hiding private transactions until the time was right and then PSPW could file fins, but I don’t think they have any incentive to file anymore. Notice they didn’t even bother with the annual report NT that was due July 1st.
Well, pick your poison then. PSPW controls 60% of 3Power Shala Sh.p.k. via 80% by Shala Plc, which in turn is 75% owned by Falak. If you assume 3Power Shala’s books are correct, then the money only adds up to $1.38 mil from Falak rather than $12-$15 mil invested to secure the project. Either the government waived millions in fees, the project hasn’t actually been consummated yet like we assumed, or the value is max 1/10th of the €110 mil that was stated.
Or the scenario I think you’re suggesting, which is that these fins are missing big money attributed to Holding/Properties over the years. If that’s the case, how can Falak (or any of his extended family) ever use the PSPW vehicle for ANYTHING without a willingness to re-state financials or come clean about where money has been? That would be fraud. So PSPW would be essentially worthless in that scenario because it’s clear they’re not going to give up the shell game with the money. Even if Heinl has made it legal somehow according to Irish law, they’d have to give up their secrets. Might as well sell their majority ownership in PSPW to someone unrelated who could actually use it, at that point.
https://i.ibb.co/PmqTSsN/0-CC7-EAA6-FC9-C-45-ED-BFEB-7-FB481-D5739-D.jpg
Well it's pretty clear from two years of Shala fins. There's no way they actually committed $12-$15 mil to secure the project. Its not hiding in assets, liabilities, expenses, cash used in investing activities, or paid in capital. The lines from Shala to Holding, Properties, and Ireland are (essentially) dry.
Its direct links to the PDFs to download since that's all the qkr.gov.al search system provides. You can search for them manually if you want.
Well, 3Power Shala lost more money again this year, ~$240k. But at least they filed with the Albanian government. Today, in fact.
3Power Shala’s 2019 fins:
http://www.qkb.gov.al/umbraco/Surface/SearchSurface/DownloadDocument?documentCode=15BC2FEC-943F-44B7-A001-C4E9B9389944
Annual meeting notes (nothing’s changed except year and amounts):
http://www.qkb.gov.al/umbraco/Surface/SearchSurface/DownloadDocument?documentCode=E08EB170-B31C-4C7F-A254-5A7A38D75E8F
Indeed, well said.
I just looked it up. The attorney who had filed the original Reg A passed away in April or May, I guess he was sick for awhile.
https://www.einnews.com/pr_news/516183580/mina-mar-group-condolences-john-e-lux-corporate-counsel
Nice! Makes sense they would file the amended Reg A so SEC can qualify before the next fins in Aug.
Yes, about to get exciting here. Wish I could of grabbed more .011s & .0115s the other day
Yep, you can see the actual fins as of Aug '18 if you look hard enough. I sent Alan a note today asking if they will be filing audited fins since it would be good to see the £27mm value they place on the IP/algorithm is fairly valued according to GAAP. I also asked about the £4.8mm in bonds. We'll see if he gets back to me, I'm not expecting he can say much yet.
As long as they keep their Nevada registration active, I think this is safe from being suspended by the SEC for delinquency. If you look at recent suspensions, a few are from voluntary filers (333), but they all had delinquent, dissolved, or revoked state registrations. The SEC is cracking down.
No. AbdulRahman is 75, Sharif is 70, and Heinl is 76. Their time is done. And since Albania is a crap hole of corruption and failed progress, the tenuous Mohammed says he never really wanted hydrodams anyway and goes back to his first love: sports. He buys a club, puts it into PSPW where he's already Chairman, then rings into finra for a symbol change: RUGB
My point: I can be the bad guy here if needed because unless I'm missing something, I got the closest to them, so its only natural that if a break down was to occur, it would somehow be through me.
Thank you. There's no getting around that the Dubai boys have treated PSPW as a private company. If they didn't want shareholders inquiring about their public investment, they could have taken Shala completely out of PSPW - but they havent.
You can blame me, I don't mind. Could I have done some things differently? Sure. But my conscience is clear. How much useful info did others that called the Shala office receive or share here? I WAS the public face of communication, and the private interface with major parties from the past. And my communication with Heinl started before my call with Shala and also continued on after, although like I said, he became less transparent. Who else actually had text conversations with him?
I called her later and we spoke and I apologized for catching her off guard and for the trouble I caused her. I also apologized to Sharif and I know he got it because it showed "delivered" to his phone. I stand by my honest communication, I know at least two others from this board that called and didn't tell her the whole truth. Everyone knows my intentions were the honest pursuit of information as an active shareholder, and I never lied to or badgered anyone.
But not even the whole "call" thing prompted an acknowledgement from Sharif or Falak that we as shareholders mattered to them at all. Only Heinl has ever responded to me, which I am grateful for, of course. He provided a sliver of hope in Shala & Albania when we needed it most. But his responses became less and less transparent over the 9 months we conversed. I looked at all my correspondence to Sharif and/or the Falaknaz', and out of 67 polite & respectful inquiries and messages over 7 years that were successfully delivered, I have received absolutely 0 responses. Not even one that said "thanks for checking, but we can't say anything."
My point is that regardless of whether my call to 3Power Shala had any consequences on the project or not, Falak/Sharif/Heinl have clearly had no intentions of making something out of PSPW the last 5-6 years they've had 75-90% control of the shares. Which meant two possible overlapping conclusions to me: either they're rather incompetent business people (as the crap show of Menasat further proved), or they don't have the drive, determination, & power to want to make something of it at this point in their lives. And neither is for me anymore.
Haha yeah. I did what I did to help everyone. Was doing so since 2012. Remember when I hosted a Skype conf call that year with Toby & folks from this board as things got effed up and Falak was coming in? I really thought I could change something, and that was back when I didn't even know what I was doing! But hey, 7, 8 years of BS from Falak, a few from Heinl - it just wasn't worth it anymore for me. Not saying the risk/reward isn't good for someone else, but clearly Falak has no drive to make it happen right now. And I didn't have any more time to waste on a company that hasn't respected me or any market shareholders in the last decade.
Was looking for your email from the other board long ago but can't find it. pm me, if you can?
From what I know, Carey's a good guy. The current environment may have shifted things, but I believe we've got a winner coming. Debt free and clean ss.
Hey bro, how goes it? It has been awhile. Glad you're here, got some big things coming it looks like.
LOL some of us have taken 300% profit or more. Why should I sell rest of my freebies now at 003 support? I can wait, patience pays.
You're correct, I just confirmed with Mike: @CycleIndustries is the company one. I misspoke earlier on the other one (@CycleEnergyOTC) which must be run by a shareholder. My bad.
Spoke with Mike yesterday, we could only talk about public things, of course. Cycle Energy Industries acquisition complete now that XFLS is current. They will become SEC reporting again, look for fimings soon and then an uplist. New twitter for other updates is @CycleEnergyOTC. With the recent heavy equipment additions to increase capacity, it means they can do about 3-4 wells a day at $18-20k per in abandonment revs (in a "normal" non-covid environment). Plus revs from the two other verticals.
Big things coming here soon!
That's what I keep telling myself haha
you folks ever noticed that
people sit here day after day and complain?