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Gotta start by getting that bid support up. I can add a few tomorrow. Not many, but I'll buy at the ask! $PSPW
$PSPW. Cool, so my original estimate of 20 mil float doesnt seem out of wack. We all own 55% of that at MINIMUM.
$PSPW. We are glad to have you here! So your shares are currently unrestricted? Are they in a tradeable account or did I read that you are in process of converting them from certificates? Would love to know what your total holdings are to keep an accurate count of the float. I won't ask you to share on here if you don't want, but feel free to email me at 3powershareholders@gmail.com.
$PSPW. If the float is still that low, there would only be around 2-3 million shares max not held by longs on the board - at least based on the 11 million aggregate share count I received from shareholders that responded to me in Dec 2017.
$PSPW. Still in the top couple on the BOB.
Did you get my name on the PSP* board since its on the breakout boards right now? Not sure how you would have gotten it otherwise. Thanks for the PM either way, though - I already played COHO on the first run from .0005 to .0014. Obviously sold early and never posted about it because it was such a small position. I followed Patrick and others here made a little coin in the process on the first run. I hope everyone here makes a load of dough when this runs again!
$PSPW. I was hasty in my response to you. What I actually asked was if there was anywhere online I could see the updated concession agreement and was told no, its a private document since theyre still working on permits. She said the process they are working through is on the Ministry of Energy & Infrastructure's website and can be viewed by anyone. Thinking about it, I could have asked more specifically about how or when I could see it, etc.
My original post about my conversation is below, post #81268.
"I spoke with the Tirana office this morning, probably Ms. Sokoli although she would not provide her name (I don't think the assistant Ms. Hysenllari can answer questions). Nothing new really, but I'm glad I verified a few things first hand:
-Construction has not started yet as certain construction permissions with certain government authorities are still being worked out according to the updated concession agreement. I asked if I could view the entire updated concession online and she said no it was a private document (only the originals from 2009 & 2012 are on the web, that I can find at least).
-She did say the various permissions and the process they are working through are listed on the Ministry of Energy/Infrastructure website, and should be available in English. My personal experience with the site is that it's "clunky" and not always available in English (at least here in the US), which also makes accurately translating the technical language of construction permissions quite challenging. Can anyone make sense of where to find the construction permit process at www.infrastruktura.gov.al?
-I did ask about whether there was a problem with the grid connection or transmission lines in the area of the project and she said that it would be the governments responsibility if there was one, not Shala's. When I pressed her, she said the Ministry wouldn't have granted a concession for something that couldn't be connected to the grid. Doesn't mean it's a cake walk though, as nothing in Albania has proven to be. Listening to her reply, I got the sense that transmission/grid issues are not a major concern. Take it as you will, though. She's been at the annual Shala meetings recording the notes as secretary, so that's about as "first hand" as I can find - unless Sharif, Mohammed, or AbdulRahman ever decide to communicate."
I was there in Jan '11 but creepin' y'all for a month til Feb since I was new to iHub. Basically left my shares to die in '13-'15ish then started accumulating again in '17. $PSPW
I asked for the updated concession on my call to 3Power Shala's Albanian office last week (coincidently it was a day before the 8k). I was told no I can't see it as its a private document. Figures of course, until all is set. $PSPW
Wow that is a great accum/dist line. I love some locked float! Speaking of which, anyone have DD to substantiate a different float number than the original (max) 20 mil? Can't remember who, but someone posted a pretty convincing chart of the restricted insider holdings. $PSPW
Technically its $17 mil estimated revenue for this specific 83 MW project. Many of us have made assumptions that the other "shovel ready" project would produce similar revs because of the similar size, but output may vary. $PSPW.
Good to see you kfa! You're not jumpin back in? ;) There will need to be extreme patience exercised here. But we are heading toward the clear. $PSPW.
$PSPW. 100 mil Euro investment value on this project alone should mean $0.35-.40 base for the share price NOW. Seems reasonable for the market to digest immediate term. We've thrown these numbers around plenty of times before, but with things official via 8k, I personally think it's still a very conservative expectation for the next week or two. IMO.
$PSPW. As of last week, they were still in the construction permit process. That was a verbal confirmation from the official secretary of the 3Power Shala meetings. Doesnt mean they dont have certain things nailed down already, it just means there were/are still some permit things to get squared away. Couldnt be too much yet otherwise I dont know why they would have released the 8k.
$PSPW. I think you're looking for a way to reconcile recent developments (8k confirming the Shala project) with the "silence" of the last 4-5 years? The answer is to look at the political environment of Albania, and to assimilate the narrative of the company's actions & strategic adjustments using the deep DD of the longs on this board. Yes, the Falak family et al are very private and have chosen to communicate differently than the "typical American businessman" might. And there are many unknowns & uncontrollables on the part of Albanian geopolitical landscape.
But by putting together the pieces (and there are a lot of them) with a keen eye, I for one can see the Dubai Boys view renewable energy projects as part of their long term portfolio of success. They've proven to have the vision, the money, the connections, and the wherewithal to find a way and move forward. There's plenty of DD here to confirm that, if you take the time. Big things are coming, however it will take some patience. All of this is my opinion, of course.
I'm sure we'll see him soon ;). I don't mind the MH, I've made some good coin watching his post history. $PSPW
I've heard that locking a price far outside the current trading range (ie $100) is too far and MMs will still borrow against. Who knows though, MM rumors are dime a dozen. I'm locked at $7 for now and will increase as we go. $PSPW
LOL I was just thinking this. Imagine a 500k or even a 1 mil volume day....!!! Maybe we all lock shares between $5-10 and keep the float locked to the max. $PSPW
This thing is so thin and wound tight that any real buying pressure could take it to$1 real quick. I mean, theres only showing $5000 to get to $.78. Probably a few hidden shares in between. But like put in a buy for 25k shares at .50 and you might only spend $5k to clear out all the cheapies on the way up. Would definitely trip some radars haha! $PSPW
$PSPW. #6 on the break out board!
$PSPW. 12 million shares would have been around $1 million based on the share price at the time (no later than June 1st since that's the date last updated on OTC Markets). Since the 8k mentioned things were good to go April 4th (which is almost 2 months earlier than those shares were given), they could have been given as a deposit to the construction company or another involved party. Or they could have gone to Falak again to pay for his "related party loans." The annual report in a month should tell us.
Yeah the L2 looked pretty thin to a dollar. Would be awesome to get a float lock, and I bet we're not too far off from it. $PSPW
I bet the new 3powershala.com website comes online within a week or two. $PSPW
Nice to hear from you. I agree - financing should already be in place or close to it since they are getting the final construction permits and officially 8k'd the project. In my opinion, I dont think we'll get notification saying that construction has started. But let's see what shows up in the 10-k in July (after the routine delay). $PSPW
LOL. I dont have THAT much clout.
Volume before price IMO. We need to get some more interest here. Spread the word, this thing is official! PSPW
Dang should have grabbed those .088 s yesterday! PSPW
Ding ding ding!!!
Indeed. Now if we can only confirm who those 12 mil shares went to...
Totally worth the $3 in Skype credit haha
I spoke with the Tirana office this morning, probably Ms. Sokoli although she would not provide her name (I don't think the assistant Ms. Hysenllari can answer questions). Nothing new really, but I'm glad I verified a few things first hand:
-Construction has not started yet as certain construction permissions with certain government authorities are still being worked out according to the updated concession agreement. I asked if I could view the entire updated concession online and she said no it was a private document (only the originals from 2009 & 2012 are on the web, that I can find at least).
-She did say the various permissions and the process they are working through are listed on the Ministry of Energy/Infrastructure website, and should be available in English. My personal experience with the site is that it's "clunky" and not always available in English (at least here in the US), which also makes accurately translating the technical language of construction permissions quite challenging. Can anyone make sense of where to find the construction permit process at www.infrastruktura.gov.al?
-I did ask about whether there was a problem with the grid connection or transmission lines in the area of the project and she said that it would be the governments responsibility if there was one, not Shala's. When I pressed her, she said the Ministry wouldn't have granted a concession for something that couldn't be connected to the grid. Doesn't mean it's a cake walk though, as nothing in Albania has proven to be. Listening to her reply, I got the sense that transmission/grid issues are not a major concern. Take it as you will, though. She's been at the annual Shala meetings recording the notes as secretary, so that's about as "first hand" as I can find - unless Sharif, Mohammed, or AbdulRahman ever decide to communicate.
I would agree with this. The infrastructure. and transmission lines are complicated and need some work. A document that was posted a couple weeks ago (can't remember who posted) seems to confirm this. The scope does seem to have ballooned way out of control with the constant shifting political landscape and changing regulations, but I do think they'll get there.
It shows on website from a "desktop" but not when you access from a mobile device. I emailed Mark about it last eve and he said it has to do with the TA & filings. He said "Richard is getting to the bottom of it." $UITA
All the same things he told me several weeks ago, glad others can verify his consistency. Thanks for sharing. $UITA
LOL
I'm freeing up some powder. This low volume walk down is not unexpected with low floaters...an amazing gift really! I already own 1% of the float...why not make it 2-3%?
Of course. I want this thing to be successful. And I'm good at real DD.
Unsure whether he knows its on OTC Markets, but he knows about the PR that was put out because he referenced it.
Callaghan. Havent taken the time to look into Evans.
I assume that was directed at me? Yes, we had a 15 minute phone conversation.
I learned that David isnt *officially* part of Exxe yet (as of 5/18). He hasnt met with the Board or signed anything yet as they're all traveling. When he meets them, he'll look over numbers and have a chance to do his own due diligence and see if he wants to be involved. He told me he met Boris (board member) at a crypto conference in NY. The rest of our time was then spent talking about big picture "change the world" ideas, Byzantine, transparency, etc...
This conversation could be interpreted in various ways, and so I'm not going to provide my opinion on what I think it means, I'm only providing the facts of what transpired.
It was a phone call so I do not have concrete evidence to post that "proves" I spoke with him. However, you dont need to be a rocket scientist to find someone's info in case you'd like to contact him directly.