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.
-$8mm VIP (confirmed)
-$5mm film festival (confirmed)
-hemp/CBD real estate in Central America (unspecified value)
-potential TV content deal in Cali (unspecified value)
So either the hemp deal is going to be huge, or there are more deals that haven't officially closed by March 31st but can be included in the year-end if they had the signed agreements like they referenced on Twitter. I cant imagine they'll have the $100mm assets for year-end March 31st, but $40-50mm is more likely IMO.
What Exxe adds in value is what I'm most excited to see. Its likely they make acquisitions at very undervalued prices - just look at the $8mm in assets acquired in the VIP deal vs. the expected annual revenue from that deal (only 1.6-2x sales, by my calculation).
I say this with all respect, but what do your feelings have to do with the success of this company? I know having patience can be tough, but if you look at the fundamentals and see what I see, there's no need to worry about the daily ups or downs - especially on such miniscule volume. And I'm red right now (although barely), so its not like I'm still up 3-4x like some others here. Just give it time :)
Might take $20-$25 mil in annual income for $2+ price on fundamentals alone. Could be awhile, but def could happen. $1.3 mil net income last Q alone...who knows what the next few Qs will look like with revs coming in from completed deals.
399 mil shares into $20 mil earnings is .05 EPS times a 35-40 multiplier for real estate sector would be around $2 PPS.
They have been filing the 8ks a couple months behind the events, so it may be a hot minute yet til we know if the transaction hasn't closed yet.
So here we are - first anniversary of the signing of the concession contract. How is everyone? LOL
Received an email back from the company. It seems they are pushing the subsidiaries (read: closed deals in addition to current subs) to have the accounting finished asap and provide the financials to Exxe.
It seems the company is quite eager to move ahead and release numbers just as we are eager to see them. Also, the website updates will have info on the deals, as many of us have been asking for (to provide more legitimacy, no doubt). $AXXA
Technically the "annual report" is due within 90 days of year-end. With the aquisitions & deals they closed between Dec and March 31st, I would expect it to take more than 2-4 weeks to internally audit and assimilate the numbers. I hope they have it finished here in April, but I think it would be wise to set expectations for June.
Lol I was watching for a bit and saw it 121 x 123 and new it was my chance!
So...thanks for selling me 275k @ 123 then, I guess?
Twas me! Thanks for the .0123s!
Float is likely still 227 mil. Those 10 mil added to the OS over the past month are likely restricted in relation to one or multiple deals they just closed.
He got out long ago
Not necessarily just Albanian Shala project funding. "Shala Energy PLC was formed to assist with financing opportunities." Pretty clear that money is going to run through that PLC somehow or another.
From the 3/6/18 10q:
“Acquisition of Shala Energy Plc
In October 2017, the Company acquired 45% of Shala Energy Plc, a Republic of Ireland corporation. Effective October 20, 2017, ownership was increased to 75% by acquiring an additional 30% from Falak Enterprises, a related party. Shala Energy Plc was formed to assist with financing opportunities. Purchase price of the 45% and additional 30% has yet to be determined and no consideration has been transferred. Shala Energy Plc is a recently formed entity with no significant assets or liabilities.
On October 20, 2017 Shala Energy Plc formed a 80% owned subsidiary, 3Power Shala Sh.Pk, as an Albanian Special Purpose Vehicle (“SPV”) as required by Albanian law, to bid and to successfully acquire an 83.5MW Shala River Concession.”
8k from 11/6/18, as well as previous 10q’s that mentioned Shala Energy PLC as the funding vehicle:
“On 15th September 2018, Shala Energy Plc, a company majority owned by 3Power Energy Group Inc, received a Finance Bank Capacity Letter on behalf of its group company, 3Power Shala Sh.p.k., confirming €253 million available debt and equity finance/investment, subject to satisfactory financial and technical due diligence confirmation and thereafter subject to agreeable debt and equity terms. The available finance and finance investment is dedicated firstly to the development and construction on the Shala River of Lekaj and Breg Lumi Hydropower Cascades and for the Vajisht Hydropower Dam, and secondly for further development and/or acquisition of Albanian hydropower facilities, totalling approx. 200 MW. The Shala River Power Plants are designed to provide 83.450 MW to generate 321,465,617 KW/h of exportable electricity. There is, however, no assurance that the debt and equity financing will close and be funded.”
Right, and there's an equity component to the Shala funding and Shala Energy PLC is the sub solely used for funding activities.
That was during the timeframe when 40+ million shares were bought off market...
Anybody buy the filing to see if you can spot what they changed?
Well Sunday IS the end of the fiscal year...
Dude. If you're making an argument that the deal from a previous PR didn't happen, look around - that's the majority of the OTC! Its not unique to BLSP, and using it to say Shlmoi lied is a stretch. Deals fall through all the time. Now, I'm not defending his character as I've only spoken to him once and I don't know him personally. I'm just pointing out that your argument on the PR issue doesn't hold any water to attack his character.
The timing is the key. There's urgency for Shala, obviously bc of the concession clock, but is there a time strategy for the potential Falak RM? What I mean is this - they've only had 75-91% share majority since 2016 (according to DD from first hand accounts) when they finished buying back millions of shares off-market. Shala was originally put in motion back in 2012, and we know all the various things that have happened since then. So would they be willing to put their family's businesses & legacy into PSPW while there still exists so much risk for Shala and the Albanian government factors they can't control? Based on what we know about the Falak family, my personal guess is no - once they've built Shala and most of the risk is mitigated, THEN they'll consider an RM with their other entities. Of course I hope I'm wrong and they RM everything with a Super 8k before the next annual report is due.
2.7 mil, nice stash! I'm not quite there yet...
Please share when you find/recieve it, thanks
Need to see that dilution is over first, or when it will be over. Give it time.
I don't care if you calculate on a fully diluted 8 bil OS, with projected revenue & EBITDA over the life of the project, that's still equates to at least $.01!
That's my thought. Might as well throw a few dollars at the 1s, totally worth it down here for the lotto play.
LOL Monty Python throwback!
Is my L2 messed up or is it just that thin?
I want the €1.27 billion to be in play still obviously, but when I asked Wolfgang about it, he kept referring only to the Shala project that we know, as if there wasn't anything else. So I personally think the rest of it may have fallen through, especially since it was Feb '17 which was before they reworked the Shala concession in July/Aug of that year. But he could have just been hush and played it off, who knows.
The 75% of Shala we've know (and you just posted the filing it was from) but I guess you're right on knowing the specific entities now that represent Falak Properties.
Shala Energy PLC finally filed their AR & account docs a day before having to pay a late penalty, but they had signed them mid Feb. They stretch things out as far as they can go. Nothing new in them as they only go through April & Nov last year. Keep your eyes peeled for a change in the "credit status" of the company which may represent financing, although I would imagine they'll announce it before we see it in the PLC.
Additionally, Wolfgang seems to have blocked me as his texts won't go through anymore haha.
Private placement
Some of those sells are buys, obviously. I "topped off" with a small buy on the ask and it showed up as a sell at 5 digits
Haha that’s funny!
Wait for me! No powder cleared yet...
Nope. We're watching as the company completes a number of deals by the end of the month that will be reflected in asset and revenue growth in their annual report. Patience makes money here $AXXA
Mad. I mean this with all respect - perhaps additional trading education would ensure your comments are not dismissed by others on the board.
I stand corrected: MMs shorting
The bigger blocks have been ETRF and CDEL (I screenshot L2s sometimes right before close, and just checked them). But those two MMs are often retail, so I do wonder if its really been a large flipper or two holding it down. Someone slap 37-40k at 181 and I bet ETRF puts up 500k again.
That's desperate, man. "Someone said something about shell risk last week so lets call it a pump." Really?
Just facts here. The company has previously tweeted and confirmed via email that they have complied with what OTC has asked and shell risk will be removed after their year-end filing. The year ends 31st of this month, and the filing to come afterward. $AXXA