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Interesting article
Remember they have ambitious business initiatives. HeHe
Falak Holding has been instrumental in infusing new business synergies in the entire Middle East region, particularly Dubai. Through its multi-million dollar projects and ambitious business initiatives,
The latest description of Falak Holding from International Expo website
FALAK HOLDING
https://iecdubai.com/
A market innovator since its inception well over 35 years ago, Falak Holding has been instrumental in infusing new business synergies in the entire Middle East region, particularly Dubai. Through its multi-million dollar projects and ambitious business initiatives, Falak Holding has raised Dubai's profile as the most vibrant and happening city in the world- destination of high fashion, entertainment, leisure and high end lifestyle.
Falak Holding is a leading Middle East corporate group with international aspirations. Falak Holding is a major stakeholder and investor in the Sports City the most ambitious sports project till date in the entire world.
Propelled by its corporate mission of ‘Excellence in Endeavour’, Falak Holding has entered into strategic tie-ups with the best names in industries as diverse as sports retailing, furniture, real estate development, medical diagnostics to name few. Falak Holding has been largely responsible for the introduction of various high end international brands in the Middle East.
2023 wrapping up
Activities planned by the Government of Albanian in the energy sector along 2023
a. Implementation of the Project “Karavasta PV Power Plant 140 MW” (Construction Phase).
b. Implementation of the Project of Spitalla PV power Plant of 100 MW (Construction Phase).
c. Wind Auction Offshore (The selection phase will be during 2023)
d. Monitoring the implementation of new wind and solar energy projects that are equipped with the final approval to build new electricity generation capacities; (MIE/AKBN).
e. Feasibility study for installing Charging Towers for electric cars in the Republic of Albania.
f. Implementation project audit and implementation of energy efficiency measures in some public schools in Bulqiza.
g. The preparation of a feasibility study of the Skavica Hydropower Project.
h. Implementation of the project Elbasan (Albania) - Bitola (RNM) 400 kV interconnection line: Lot 1 & Lot 2.
i. The feasibility study of 400 kV interconnection line Albania (Fieri) – Greece (Arachtos)
j. Investment in a distribution grid (smart grid) to further reduce distribution losses and to meet technical conditions for consumers to choose their supplier freely.
Source
From LinkedIn
Loren Gordani
Hard to believe there’s 2 people with that same name, not like a Smith or Jones
Thanks future but you have the wrong uma
I follow him and have chatted about the Ernie Ellis golf course at sports city this profile is in India
I agree they may not have to say who
But they will have to disclose where and how much
Deloitte would never sign off.
I don’t mean to sound down about this stock.
But I have learned in critical thinking you must have a good understanding of both sides of the equation.
I want it to go but also feel the shareholders have a legitimate complaint here.
Maybe 60 minutes or 20/20
Lol
Oh so there voluntary filers. But if your moving shares around beforehand sorry you still have to DISCLOSE. And you need to DISCLOSE before a Reverse merger can happen.
What concerns me is Falak the big business man walk’s into a country with a 3 billion dollar package and gets involved with a person with Denomic values and a corrupt country going to fleece his money and. Well I’ll stop there.
Very depressing.
These guys deal with top shelf companies why hire Wolfgang never figured this out obviously not to make a big energy company. Maybe to just make it all go away. He seems to have a lot of involvement with failing companies.
So after dissolving things from the past this is what’s left below. They will need Disclosure, if they decide to move forward sometimes I think the government just issued this as a cover up from the former corruption. They know they were involved in a failure of fiduciary responsibility
But I hope this moves forward.
On August 31, 2017, the Albanian Ministry of Energy granted Shala Energy Plc the concession for a new 83.45MW hydro power plant on the Shala River. In connection with the concession, as required by Albanian law, Shala Energy Plc is organizing a new subsidiary, 3Power Shala Sh.p.k., an Albanian special purpose company to design, finance, build and operate the power stations. At the same time, Shala Energy Sh.p.k will be dissolved the all assets and liabilities transferred to 3Power Shala Sh.p.k.
Current Focus
During the current fiscal year, Shala has continued to develop hydro power and solar plant concessions in the Republic of Albania.
In February 2017 the Albanian Government passed a further law enhancing the national consumption of renewable energy by 8% to 38% of nationally consumed electricity. Albania’s rivers are a national natural resource which potentially can provide a capacity of 4,000 MW of which currently only approximately 600 MW are being utilised.
Albania’s Mediterranean climate also provides the perfect environment for Solar PV produced energy.
Shala, through its operating office in Tirana, Albania, has developed concession opportunities of approximately 300 MW hydroelectric and 50 MW of Solar PV plants. Of these concessions approximately 100 MW are construction (shovel) ready but no construction has yet commenced. We estimate but cannot guarantee that construction will commence by late 2017. A further 100 MW are awaiting final construction permits and the remaining capacity is currently in the planning and permission application phase.
Shala is in on-going negotiations with international EPC and O&M providers on the basis of a “design, finance, build and operate” model.
Shala continues to be financially supported by its shareholders, but infrastructure and construction development phase will require substantial additional equity and senior debt. There is no assurance that such financing will be available and if it is not, that would have an adverse effect on the Company’s ability to move into the construction phase.
In October 2017, we acquired 75% of Shala Energy Plc, a Republic of Ireland corporation. Shala Energy Plc was formed to assist with financing opportunities.
In October 2017, Shala Energy Plc formed a 80% owned subsidiary, 3Power Shala ShpK, as an Albanian Special Purpose Vehicle (“SPV”) as required by Albanian law, to bid and to successfully acquire an 83.5MW Shala River Concession.
I have had firms directly correspond to me that they could not put a group of investors on retainer because of Falak already being a client. And another not wanting to challenge the government of Albania from the corruption.
Probably would be the death of their law firm.
Good points, David has mentioned the best fact recently. DISCLOSE INFORMATION. Due to extra research that I did thanks to future’s digging, I got pretty depressed about the whole situation 6 months ago, I didn’t realize how messed up this Ticker was and it took 13 years to find out what happened.
I had talked with Albanian law firms and Wuersch & Gering causing this .
The good point is that in 2017 the attempt to restore this with a new concession was made.
I know, I know, the audits may be done and they moved the share’s to Ltd’s
To hide and protect ownership and they can do this under pinky status. But not according to the SEC They have to Disclose
“Under the federal securities laws, every offer and sale of securities, even if to just one person, must be either registered with the SEC or conducted under an exemption from registration. This is true for companies of all sizes, private and public alike, and includes sales made to anyone, including friends, family, angel investors, and venture capital funds. “
THEY MUST PROVIDE DISCLOSURE
So come September if shareholders start dumping their stock since the security laws allow it to be written off. They will possibly be open for lawsuits on failure of fiduciary responsibility from a civil aspect.
Failure to Disclose information of share transactions that happened in the past that even I found myself.
They will have to clear things up in a big filing here IMO
Do what’s best for you. I wish you the best the history of this company speaks for itself.
The truth will set you free. I wish you the best
Crooks
Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation
https://hindenburgresearch.com/
Spin it how you want cfo dumped 350 thousand just the other day
Sorry your screwed
CFO sold shares. it’s posted in filings not a good sign
Summary of events
Company settled lawsuit paying out millions to investors for sec rulings they lost
Then they do a big share selling on market diluting stock
Now there doing a reverse split the other way.
Obviously pissed they had to payout
It’s their leadership failure stealing more shareholders money but I’m sure they would say it’s just business
Rev split 1 for 5 or 1 for 20. Bunch of crooks
Over the past weekend #electricity producers on #power exchanges across #Europe were offering to pay up to EUR 500 per MWh to whoever would take their electricity. According to experts who spoke for Balkan Green Energy News, this is a sign we need #flexibility markets or flexible #consumption models and energy #storage capacities.
Dejan Stojcevski Miha Pregl Interenergo Group KOER | Prva hrvatska virtualna elektrana
https://balkangreenenergynews.com/negative-power-prices-reveal-market-is-still-unprepared-to-tap-on-full-renewables-potential/
Jessica Morgan
Jul 4, 2023
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has launched a Dh4 billion ($1.09 billion) renewable energy plant in Dubai.
Sheikh Hamdan on Tuesday said the project would be the world's largest and most efficient waste-to-energy centre in the world.
The plant in Warsan is capable of generating 220 megawatt hours of renewable energy which could power 135,000 homes.
It can also process 2 million tonnes of waste a year without harming the environment.
"We congratulate the exceptional teams involved in this unique project," Sheikh Hamdan wrote on Twitter.
https://www.thenationalnews.com/uae/2023/07/04/sheikh-hamdan-launches-dh4-billion-renewable-energy-plant-in-dubai/
Hey we used to have a website with different kind of sausages promoted remember that one lol and links to porn sites also
Every time I translated with google I got a different saying
What does consectetuer adipiscing elit mean in Latin?
English Translation
Copy
hydrogen storage research
Is this a message translation says
I am very sorry for the pain, but it is always a consequence of the adipiscing process
Thanks future
Anniversary day
May 16, 2011 2.4800 2.4800
Great to see the older shareholders still holding.
Just be Thankful you didn’t lose all your money at that point. Most groups would have scrapped it.
Well looking back at those years there were demonic powers in play
Falaknaz a religious man found himself a part of some satanic hindering which effected shareholders from Germany, Argentina, USA and other parts of the world.
We know who brought this on, Let’s see if they get it straight and move forward. I say 2018 was the new starting point.
Referring to the last post and what Falk tried to do early on in his business venture He was clearly leading this way of thinking using stock and funding.
But then the bad seed Haney Salem. And things are still being uncovered on what happened from that 10 years before.
Absolutely amazing greed and manipulation,corruption. And unknowingly I was buying the stock. Lol.
Falak had to feel terribly embarrassed and pissed off.
Can they, will they recover? Is this just about a small hydro project?
As the small pieces fall into place. I could understand walking away from it all, but he didn’t. Albania leaders knew what happened and this was part of the 2018 restructuring on the projects along with the Park controversy. A convenient way to wash away the corruption under the table after Berisha was ousted.
Berisha former Prime Minister was banned entry to USA from his corruptions of all kind, And still is as of today.
Haney Salem had to be concerned for his life messing with people like Ekrem Lluka and other’s involved in this. Remember Falak set in play funding for 3 or 5 billion dollars for projects and JP Morgan and Citi don’t do this for free.
So what’s next? Do the seeds that we planted begin to flourish or wither away? Or have they been transplanted to good soil.
UAE holding company going public it’s
Interesting looking at what they diversified into. Some similarities. Follow the leader as the saying goes.
Abu Dhabi Royal-Led Firm Ethmar to
Ethmar International Holding, which is led by a son of the United Arab Emirates’s ruler, is set to go public in Abu Dhabi after it raises as much as 700 million dirhams ($191 million).
EIH, an investment vehicle with dozens of subsidiaries, plans to offer investors a 13% to 15% stake through a capital raise of 600 million dirhams to 700 million dirhams, according to an investor presentation seen by Bloomberg News. It will then list on the Abu Dhabi stock exchange on May 1.
The firm, which holds more than 25 subsidiaries spanning real estate, energy, technology, health care, sports and investments, is chaired by Sheikh Hamdan bin Mohammed bin Zayed Al Nahyan, whose father is Sheikh Mohammed bin Zayed, known as MBZ.
The company, which would be valued at more than 4 billion dirhams, is planning a range of acquisitions, according to the presentation. These include one of the top three financial services companies in the UAE, one of the largest tourism firms in Abu Dhabi, an engineering and construction company and one of the largest pharmacy chains in the capital.
https://ethmarholdings.com
https://www.bloomberg.com/news/articles/2023-04-25/abu-dhabi-royal-led-firm-ethmar-to-list-after-capital-raise?utm_medium=email&utm_source=newsletter&utm_term=230425&utm_campaign=author_21124512
Maybe maybe not concessions have clause’s for start up delays
With Covid and earthquakes they have been through a lot.
They paint them anyway they want them.
Like my buddy says you can paint it anyway you want doesn’t mean your right or wrong. Okay I’m back to my Microsoft paint now.
I like Yuri Kim’s articles she knows about PSPW but can’t say anything, she knows about all our investments in the company and what it has went through.
I have sent her information and usually see press release’s that answers questions about the country and issues I read her articles closely
They get payed on clicks like these other bizarre social media pages.
Written by Alice lol Taylor
Words to key on from article
“which are not subject to concession,”
This was posted on concord alliance page 9 months ago. Don’t know if it was posted here
Today, we mourn the loss of Ahmed Mohammad Falaknaz, father of our chairman Abdulrahman Falaknaz. We extend out heartful condolences to the entire family.
I would buy them if I could of
I had a account once where fees were due on the account and they just sold off some of my shares of another stock because I didn’t fund it in time. Who knows glad he got them our we could go to a dead status with no trading
Joe I understand your frustration. I have really had my eyes opened in the last week. After 10 plus years lips are getting loose when the right questions were asked to the right people. Thanking Future
It’s depressing getting the truth of what happened with these projects. If we would of only knew, we would not have touched this with a 10 foot pole as the saying goes.
We can only hope that the new 2018 concessions for the 3 projects cleared this corruption. How much investment and other projects?
I do believe the project moves forward and don’t see how anything could be announced without filings current since we hold 75 percent of Shala energy plc or
It may be perceived as a conn by the market and laughed when The analyst look at it. And financing may depend on it.
As a Plan B if it all goes kaput a Hail Mary but you know how these go.
The Albanian government is paying for other cancellations thru arbitration how about us, we were bringing 4 billion dollars to the table for projects across the country and were tied to this.
I have been seeking for international legal representation against parties involved and the government of Albania for corruption and also Fiduciary responsibility that were not meet for pspw shareholders. I have been denied by one firm due to conflict of clients if that tells you anything.
If this project gets put on ice with no development and continued silence. Let it be noted that the corruption won.
I’m trying to be optimistic about the division of the country for energy purposes and environmental concern’s also believing it’s a go for Shala in northern part of the country.
Similarly related I posted a article below of former PM Berisha fyi he is banned from USA entry for corruption if you didn’t know. Our embassy is constantly holding him accountable.
Just my thoughts
https://albaniandailynews.com/news/people-designated-by-us-cannot-fight-corruption-us-ambassador
https://albaniandailynews.com/news/berisha-replies-to-ambassador-kim