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The treck north starts today !!!!! Just my uneducated, biased guess. But a good feeling here nonetheless.
Good points crusader. Just look at what happened in August of 2008 ($4/share) when Rudana took control with the vision of future projects (granted on low volume). Now with everything coming to light, the road north is not far off.
Bring it! Sounds like a plan. Good luck my friend!
I know the feeling. I feel like I keep getting punched in the face every morning and keep coming back for more, daily. My head can only take so much of this. If this was any other POS penny (and I've been in many) I would be worried, but not here. May look like a fool or genius in 6 months.
I am also quite impressed with your investigative work. You always seem to connect the dots rather well. Keep up the good work so I can continue to be lazy :) Sill holding 100K+ shares here, long and strong!!!
Come on .80 EOW close !!
Germany 3Power up 14%. No holiday there! Looking forward to a big (4 day) week here.
http://www.wallstreet-online.de/aktien/11107343/kurse
Yahoo always seems to do this a few days after a company releases a 10-k or q. Just another format of what was released in the 10-q.
Yipee!! Green x2 days running. Boring as it may be, it's something.
Green Energy Shorting Article:
NEW YORK (Dow Jones)--Jim Chanos of Kynikos Associates (that's Greek for "cynic"), famed for shorting Enron, took to the stage at the Ira Sohn Conference Wednesday in New York to talk about why he's short green energy. Chanos, in a presentation called "Alternative Energy: Does Solar + Wind = Hot Air?" joked he would "upset the greenies," by arguing that while there's a lot of enthusiasm about green energy, the companies in the sector today don't yet solve those problems. At the Sohn conference, noted money managers discuss their favorite investments in 15-minute presentations. Past presentations have sometimes made waves; three years ago, David Einhorn of Greenlight Capital sharply criticized Lehman Brothers Holdings Inc. (LEHMQ) at the conference, a few months before the company filed for bankruptcy and sharply worsened the financial crisis. Chanos said wind and solar are "not capable" of real cost-effective ways of meeting energy demands. "Wind and solar are not efficient." As for job growth, Chanos said the boom of green jobs could be overblown, as most of the jobs generated are not in technology, but in construction. "Put your hand on your wallet," he said, as many of the green jobs are merely putting people back to work who were employed in housing. Chanos said he's short Vestas Wind Systems A/S (VWDRY,VWS.KO), which trades in Denmark. "It's been a darling until recently," he said. The stock has been going down "and we think it has a lot further to go." Vestas has changed its accounting and auditors, Chanos said, which is why he originally got interested in it. It has "arguably questionable accounting." A spokesman for Vestas declined to comment on any short positions in the company. He said Vestas changed its accounting policies last year on a recommendation from its auditor, but said it hadn't changed its auditor. American depositary shares of Vestas were up 1% at $9.69 in recent trading. Chanos also said solar technology is "questionable." He said he's shorting First Solar Inc. (FSLR), citing a deterioration in quality control and operational problems, including balance-sheet deterioration and negative cash flows. A spokesman at First Solar had no immediate comment. Shares of First Solar were down 2.6% at $120.70 in recent trading. Chanos said the solar industry is facing headwinds, as Spain and Italy, major solar energy consumers, are facing financial issues that throw into doubt their governments' commitment to promoting renewable energy through subsidies. -By Mary Pilon and Amy Or, The Wall Street Journal and Dow Jones Newswires, mary.pilon@wsj.com, amy.or@dowjones.com --Corrie Driebusch contributed to this article. (END) Dow Jones NewswiresMay 25, 2011 15:41 ET (19:41 GMT)
Bring on PSPW to change the mind of this guy !!!
And with a new round of investors who bought $1.50+, I don't see the dropoff we had at $2.40. News clearly is the driving force here, and I suspect we will be back to the $2+ range by mid-June.
Sadly though, without any buying pressure it won't matter. We need consistant 1M+ share trading days to get and keep this over $1.
Yeah, sells @ the ask :) I for one, am bored with this activity of late. I can't imagine many more trading days like the past week.
Excellent post. It really does make you think about all aspects of a company/merger. Those missing shares have been a concern of mine as well, along with the mysterious nature of Rudana as I wish they had more accountability in all of this. Hopefully our concerns will be addressed in a timely manner.
I agree, I think we will hear about it after the fact. Even though Seawind Int. is the largest component of the merger, I think this will happen sooner rather than later. They now have the whole 'merger experience' under their belt.
I believe the $60M revenue number included figures from Seawind International which has yet to be merged. Once that happens, then the books will reflect that $20M/year figure from 2008-10. So by deduction, the bulk of 'Seawind' business is/was from Seawind International. If we are over a $1 with these numbers, just imagine what's coming. Now add in future projects, and you see where these $5-$50 prices come from.
$1.43 - $1.80 gap fill/close from the other day would be nice. I'm with most on not predicting share prices, but our MM friends LOVE to fill gap up's, but not so much on gap down's.
Let's go volume!!!
PSPW is the REAL DEAL. Enjoy the last few weeks/months down here in the OTC. Soon the true valuation of 3Power will reflect an appropriate share price which will equal uplisting to NASDAQ. Then share price will rise and fall for appropriate reasons, not this crap. Stay long and strong peeps!!!
Not a single share sold here. Guess I look like a fool considering what transpired. Damn hindsight is always 20/20. My position is what I think most would consider substantial. I am shocked this slid from $2.40. I thought we would hit the $4 range and then back off some.
Good points. Having only been trading a few years, your analysis seems spot on. I thought we would hit the $4-5 range before backing off. Kept telling myself PSPW is different, which I still think it is. But the 'sell the news' seems to have won this round.
I'm with ya. You were the founding father here. I haven't gone anywhere, and don't plan to. PSPW can rebound as quick as it sank. Nothing has changed with the company. I do believe that some of the big holders sold their positions the past few days. Good for them I say. No reason we should stay this low. $2 (and hopefully sustained) range will not be far off.
Although not a fan of the shorting excuse, I do wonder if they brought it down the past few days to cover their shares from Friday and Monday's huge gains. That would make sense given the 3 or 5 day cover rules.
Good eye brother
It's hard not to, especially with all the activity of Friday and Monday. I just find it funny that a gap up will fill 99.5% of the time, and gap down's not so much. We'll all get a good laugh about this come NASDAQ time.
I think this .40 gap down to start the day will be filled at some point and that's where we end the day
Wish I had been wrong.
$1.80 unfortunately. But we will live to fight another day!
A $2 close after the opening gap and subsequent profit taking would be huge and solidify PSPW even further.
Remember this hit $4 in 08 when Rudana took over and the building blocks were started to get us to where we are now. And the float was exactly the same.
As a member of the 100K+ club, I can assure everyone here I am not selling a single share till somewhere north of $10.
Here we go!!!
Wonder if we see some T trades? I'm thinking some large blocks of buys may come through here in the next 20 min.
Option #4. I'm thinking AM Tuesday we hear some more, including the all important Rudana/Albania connection. Then again, PSPW does like their end of week Friday PR.
I think you're right and we hear about another 'big name' getting involved to account for the additional 16.8M. (apparently i can't add 12M + 16M, thanks).
Could the float be 29M?
here's my math:
issued: 109,722,743
restricted: 80,506,481 (adding up the totals from the 8-k)
reported float: 12,400,000
according to that math, 16,816,262 shares unaccounted for. what am i missing?
Float 16.8M ??
issued: 109,722,743
restricted: 80,506,481 (adding up the totals from the 8-k)
reported float: 12,400,000
according to that math, 16,816,262 shares unaccounted for. what am i missing?
Choi you da man. Glad to follow you over here. Keep up the stellar work.
Right? Give people what they want (8-k) and they go nuts. The only thing I found interesting is that they didn't mention Rudana and their 'contributions equal to Seawind' (i.e. Albania) to the closing. Now come the PR's......!!!!!
They moved that 20K order over to the ask. What a great sign. What's a measly 7 cents at this stage of the game.