Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yep been here for more than 2 years myself. Nice too see my account in the green! Considering I didn't have too much hope, I'll be holing my 6 million shares for the long haul here and see what happens!
I'm fairly confident we will be seeing funding eventually. Once that funding hits we will be off to the races as long as it doesn't destroy the share count in the process, which is unlikely.
The company has gone through way too much work to just give up. I'm looking for an end of Summer fireworks :)
Yes I believe that is correct
Glad to hear this!
Some nice buys coming in. Hopefully we get some good news soon!
A lawsuit of $350 million would be nice. Lets see what projects they bring in here. The market cap is barely $1 million right now. Been here for years with a average share price of just .0013
Wow, does time fly. It's been over 2 and a half years now since I initially found this company. Although things have not gone as planned, I am very confident I will not regret this decision.
No I agree. Hany has no say in the company. i was just replying to some messages clarifying things.
Hopefully you are right about May :)
Email. I have been communicating with Salem for over 2 years via email.
This was 10 days ago :)
I contacted Hany, but no response...
What will the Divy be? Shares of the new company? The company is private isn't it?
It's really thin on both sides. Any news could really make this pop, especially financing news.
And how do you sell these shares of KBK if it doesn't trade on the open market?
How do we trade our KBK shares though if they are private?
Looks Like the Seller may be done! :)
Good work buddy :)
No 100k sell today.
For what it's worth the 100k seller has been at it for 14 trading days. 1.4 million shares, about $35,000.
What changed in your opinion since you posted that
This shouldn't be trading below .06, and that New management will turn this around, about 4 weeks ago?
Checked all the Facebook pages. Nothing out yet anywhere. Just moving on little volume. Think about when something big happens. This could shoot to a buck within a day IMO.
The Seller isn't very smart...
I don't understand why any rational person would act this way. I assume it's only because they want to get out and don't have time to sit by watching the L2's. If they sold in lots of 25k throughout the day they would make off with a significant amount of money more.
That's what investing is all about. In the meantime this is just one project. We have no idea if they may or may not acquire already grid connected projects, or connect other projects sooner.
If you can wait it out it will certainly be worth it IMO.
Thanks. Looks like next week we will get something. I'm still eagerly awaiting cash on the balance sheet from these contracts. I will double my position which is already close to 300k shares.
It likely won't. The company is legit, they don't need to pay hundreds of thousands of dollars in order to prop up the share price with Fluff. This is a long term play. If you can't be in this for a year or two, then you likely shouldn't be here. Just my opinion of course :)
They haven't sold on the open market in the 26 months I have been here. Doubt they are starting now when the share price is near alltime lows. :)
Nothing filed yet
Lol, Put a bid it right at the open. Thats what I did this morning and got 30k shares at .036. Every morning for the last several days someone sold 100k shares at the bid.
3Power owns 75% of Shala. This means that the 30% will come partially from 3Power and partially from whoever else owns the rest of the company (Shala). And just because that remaining 30% has to come partially from 3Power, doesn't mean they will sell shares in order to fund it. Perhaps 3Power has debt based investors lined up and then will use those funds to fund the equity part of Shala. It really could go a number of ways, meaning even if there is minor dilution here, it will only be minor in my opinion. The people behind this company know what they are doing, and they certainly don't want to dilute their stake here.
Every morning 100k shares at the bid. So weird. Added 30k :)
Somethign to note. Shala will get the $60 million from Their shareholders, not necessarily the 3Power Shareholders. Go back and read the Filings with the signed contracts. This could mean several different approaches.
Interesting. IMO they most likely agreed to terms and are just making things official. Someone leaked the info who was in the know most likely. Who knows maybe I'm wrong, and it was all just a made up PR, but it doesn't seem that way. $190 million in financing for Shala would be huge considering PSPW currently has a market cap of just $4-$5 million or so.
Joe, did you speak with IR?
Yes indeed it is. The problem is we need verification that this article is legit.
lol weird
Good question, perhaps they are waiting on finalization of things.
$191 Financing Deal Reached!
Remember PSPW owns a 75% Stake in Shala Energy!
Shala Energy sh.p.k., a power generation company, announced project financing of $190.89m for the construction and development of hydro power plant on the Shala River, Albania. The financing will be provided by international financial institutions. The total installed capacity of the plant will be 127.6 MW. The total cost of the plant will be $272.7m. The investment per MW will be $2.14m.
The plant will generate 530 million Kwh of electricity per year. The plant will be funded through 70% debt and 30% equity investment. Shala entered into a concession agreement with the ministry of Albania to secure the rights for construction and operation of the hydropower plant for 35 years. The plant will be developed over a period of four years.
Wow, Looks like we got our financing, and for those worried about dilution, this will not dilute PSPW shareholders. The equity will come from the Shala Energy coffins.
Great news guys. We just got 190 million in financing!
Some decent buying here today after the quick bunch that sold at open.