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We need to see cash on the balance sheet, and revenues coming in. Let's see that quarterly filing already!
I feel like we will have a slow steady climb for the foreseeable future. As the company progresses with funding, signs contracts, and brings on any additional projects. This may not be a quick shot up 1000% in a day, but instead a slow climb to the dollars over the next 12-36 months as they hit key milestones. There is now a goal for the company to shoot for and for us to judge them by. It seems we will be kept up to date quite well also. Great long term play here for those who can sit on their investment for a while, which most of us have been doing anyway!
Finally something to get excited about
Remember that is in Euro's :)
2.15 Euro = $2.78
Falak Holding you think?
Rahman, the CEO of another multi-billion company certainly isn't here to waste his or out time by getting all these surveys, and financial expectations ready for the public. Certainly they have financing lined up IMO. Wouldn't have just gone through all this work.
Power etrade is either $500k or $1 million I believe for min account balance.
I use etrade. Since I'm Power etrade its $7.99
Nice to see these 11's get into stronger hands :)
I never doubted that the company was legit. You've got a CEO now who is also CEO of Falak Holding, a Multi-billion dollar company. If I had any doubt n my mind ti was just about the timing and business strategy, not doubt in their legitimacy. Those with patience will make out here I am very confident in that. There are many longs who did their DD who have been here for year like myself. Nice to see things finally coming to fruitation, Remember though things will continue to take time.
Agreed, 20M would likely be unrecoverable
I don't see how those 60m shares could just be kept by Seawind. Thats more then half the company. Something has be be worked out.
Wow, this is so incredibly thin
OUR CEO
Sharif Rahman, age 63, Chief Executive Officer, Chief Financial Officer and Director
Mr. Rahman has been a member of the Company’s Board since September 2011 and the Company’s Chief Financial Officer since October 2011. Mr. Rahman is currently the CEO of the Falak Holding Group of companies, a Dubai based group involved in several diversified business sectors including as the initiator and a major shareholder of the $3.6 Billion Dubai sport city project - the world’s largest sports themed real estate project.
A graduate major in commerce from Kerala University in India, he joined the Falaknaz Holding Group at its inception 36 years ago and has been the driving force behind the group’s projects - from the startup stage through to full operation. He remains the personal investment and business advisor to Mr. Falaknaz and family, a prominent Dubai-based high net worth entrepreneur and the founder & owner of the Falak Holding Group.
Mr. Rahman brings to the Company valuable expertise as an entrepreneur and senior executive with a history of involvement in multi-billion dollar projects. He also brings a well-established network of relationships in the affluent communities of the Arabian Gulf region and India.
In addition to his long-standing work with the Falak Holding Group, he is also the Founder and managing partner of International Expo Consults, one of the Middle East’s leading exhibition and trade show organizers established in 1994, as well as Chairman and owner of a $25 million turnover business in India which he founded 20 years ago. Mr. Rahman is also known as Shereef Mohammed Haneefa Rehuman.
The Company has determined that Mr. Rahman’s extensive business experience and his key relationships within the Middle East and India have provided him with the skills necessary to serve as an officer and director.
Solar especially will have it's time. Perhaps PSPW is starting here and will bring other non hydro related projects into their portfolio in the long run. For now though Albania it is!
Seems like most of the negativity on this stock has quickly turned positive. All a great sign :)
I have a feeling we may get even more news this week. Seems the faucet has been turned on HOT! :)
I'm looking for $2 to $3 in perhaps a year or two based on this one project naturally. If they add to it perhaps more.
Having said this I think this could easily get to $1 simply on PR/promos/any sort of pump.
Been here for 27 months. Can wait it out :)
From what I took away from emails from Hani back months ago, the US funding may not be a go.
I saw that as well :)
Net Annual Income of 18 to 21 cents per share for this project. Net present value of shares $2.03 to $2.27
According to the report.
CHAIRMAN’S MESSAGE Just released
Dear Fellow Shareholders:
We are pleased to provide an update on a number of initiatives 3Power has implemented to help the
Company streamline its operations and ensure that management meets and exceeds our objectives and
goals.
The past few months have been a busy and exciting time for everyone here at 3Power as we continue to
pursue opportunities to produce renewable generated electrical power and other alternative energies.
After examining the global energy landscape, we decided to focus our efforts on developing hydroelectric
power in Albania. With many of the existing plants aging and the demand for power rapidly growing,
we believe devoting our time and resources to increasing generation capacity in the county will not only
improve its economy, but generate value for our shareholders.
To help us meet our mission, we are pleased to announce Sharif Rahman, our current CFO, will also take
on the role of CEO, replacing Uma Maheshwaran Balasubramaniam. We thank Mr. Balasubramaniam for
his hard work and effort, which was crucial to helping the Company get off the ground.
We believe that the future for 3Power is bright, as we detail below. As always, we appreciate your loyalty
as a shareholder as the Company embarks on its next chapter.
Sincerely,
Mr. Mohammed Falaknaz
3Power focuses efforts on the Development of Renewable Energy Power plants and its operations
in the Balkan countries
The company will focus its activities on the development and operation of renewable energy power plants in the
Balkan markets. The company closed its subsidiary in Latin America and ceased its development operation in Italy.
SHALA Hydro Electric Power Project:
Work in Progress: Fortune and Star Co. Ltd., (“F&S”) will be the of?cial entity from the F&S Group and will lead the
consortium replacing F&S Heavy Industries-Singapore. On July 15, 2012, the F&S consortium executives and
engineering team traveled to Albania for data gathering and a site visit. Following the visit, the F&S team began an
analysis to assess the overall technical feasibility of the project and evaluate the main constraints and related risks.
In addition, F&S estimated project costs and a schedule for completion as well as environmental issues related
to the development.
As a result of the analysis, F&S decided on September 20, 2012 to engage engineering ?rms with hydropower
experience in Albania. Working with these ?rms will ensure that the Company meets all the environmental impact
studies within a reasonable time frame. On October 15, 2012, F&S engaged Stucky Ltd. (http://www.stucky.ch).
Stucky, a leading international ?rm in the ?eld of large dams, has over one hundred major realized projects in its
portfolio, with extensive experience in double-curvature arch dams and concrete gravity structures. Building on its
original success in dam design, the company has diversi?ed its activities into ?elds related to water, energy
and the environment.
continued:
http://www.3powerenergy.com/sites/default/files/news/files/3power_energy_news_130319_0.pdf
So Our New CEO is the Ex CEO of a $5 billion company
Falak Holding is a leading Middle East corporate group with international aspirations. Worth over US $5 billion, Falak Holding is a major stakeholder and investor in the gargantuan Sports City – the most ambitious sports project till date in the entire world.
Things that make you wonder :0
That's when I got in big. I bought small positions in December of '10 though. Looking for a some action like 2 years ago now. Wouldn't that be nice?
Yep, been here since December of 2010 LOL. This week would be nice, but I have patience :)
Yeah that line has me baffled as well. Perhaps they acquired something, but they didn't release an 8k about it. Having said that they are a voluntary filer so perhaps they just forgot the 8k.
Hopefully PRs which are supposedly coming will clarify.
"An Intensive PR Campaign will start soon"
I guess soon meant 7 months after all ;)
Thanks, glad to hear. Hopefully we have some cash on the balance sheet.
Largest Concentrated Solar Power Station Starts Up In Abu Dhabi
Interesting.
http://www.ubergizmo.com/2013/03/largest-concentrated-solar-power-station-starts-up-in-abu-dhabi/
Looks like the intensive PR campaign may be about to begin :)
Impossible to answer. Could we? Sure. it all depends on what news we get and what the share structure is at the time.
Yeah but you see how fast this can move? Up 100% on 215k ($10,000) in volume
I'm going to take a wild guess and say that Falaknaz and his company will become the primary investor here, and perhaps in the relieve Rahman of his temporary duties as CEO. Just a feeling, nothing more, nothing less :)
I found that very interesting as well. Perhaps more news this week :)
Note that The management of PSPW are very connection to Falaknaz and "Dubai Sports World" A bit of a sports connection there. Perhaps Falaknaz's favored marketing firm
Email from Hani Salem:
Just got the following:
Both Men, if you look them up are very capable CEO's with connections with large pocket investors. Why the move? Who knows, Perhaps Rahman's connections with Falaknaz.
At least we got something, right? :)
Very Happy to see an update. Rahman's connections should play a key role here... I hope :)
Hmm, If what you say is right, maybe I should go to the Google, IBM, and Intel forums and post the following, and then short those stocks since it would automatically make them scams lol.
Although I don't agree that this is manipulation (I feel its just longs jumping ship who are tired of waiting), your rationale that when people post those things, then the company must be a scam is just silly ;)
Email From Hany:
I basically told him that we need an update, and that longs are very frustrated.