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What?!
Sorry, what do you mean?
I was referring to Companies Act 2006.
Yes, i understand that.
I'm just not following the hype.
You better do your DD. Seawind is a small company under British Law.
I am not. But there are definetely people out there who do.
They put all their money in, you know. Just because some people promised dollarland soon / after merger. And when they realize that this is not going to happen for some time and get faced with dilution this will collapse like a house of cards.
A lot more? You surely mean more plans?
They have nothing but plans.
But tbh I don't know what this has to do with my concern about dilution and (missing) fundamentals.
So you guys still think this is a "big merger"?
Even though you were able to look at the latest annual reports of Seawind which have clearly shown that Seawind is a small company under British Law with revenues less than 6,5 Mil. GBP a year?
I seriously wonder where you get your optimism from.
What about the incoming dilution due to the merger?
No worries?
There might be a rude awakening for you.
No. This financial report includes Seawind subsidiaries Seawind Marine Ltd. and Seawind Marine Services Ltd..
There is allways a reason to lie.
I think the financials are good besides the net loss.
PPS could strongly increase mid- and long-term and that is why I will put some money into this stock.
The next quarterly results will be meaningful. Then we'll see.
No, you don't read it right. It was a net loss.
Come on guys, just look at the balance sheet and calculate.
No, you're definetly wrong because the declaration of net profit on page 22 in the annual report is wrong.
They had a net loss of 1.524.788 USD in 2010. (page 19 and 27, Revenue par.)
That's a net loss of 0,0167 USD per share. (page 19)
Unfortunately i can't pm you but you are right about my concerns.
It is mainly Seawind that concerns me and PSPW's PR which says that Seawind estimated revenues over the last three years are about 50 Mio. USD.
That doesn't match with financials and the abbreviated annual report which states that Seawind is a small company under British Law.
You may be right Rookie, and of course, i hope you are.
But right now it seems that PSPW is much overvalued due to its equity, (changing) share structure and debts.
After all, Dollarland is possible with this stock in a few years when everything is going to happen as planned.
PSPW hasn't delivered the shares yet.
It's not the MMs!
Don't you wonder about that rapidly PPS decrease after we got the new financials from Seawind?
Maybe the people started to realize that Seawind is a small company with allmost no equity (which could compensate the new issuance of shares).
Or do you guys really still think that the sticked financials are in thousands of GBP?
Let me get this straight. I am not a basher.
I'm still sitting on thousands of shares which I can not trade because the company did not issue (enough) shares to the German clearing corporation. Besides that, trading in Germany is still halted.
You use US date notation.
I use common European date notation (also used in UK).
So when i wrote 05/04/2011 i meant 5 April 2011.
Yes. About 1,6 Mio. USD, depending on which rate of exchange you use.
Sorry, i don't get you.
Are you referring to the date notation in UK?
I have to revise my opinion on the (sticky) Financials posted by EasyRider.
They are not in thousands.
Revenues for period ending 31/03/2009 were 956.169 GBP (not 956.169.000 GBP)
I am sure we can clear it up!
Omg. Dude, read that article. Prime Sun Power Inc. was/is an American Incorporation and the numbers are definetely in USD.
lol, maybe they mixed up "cumulative revenues" with "retained profit"
retained profit in 2009 was 35.580.000 GBP, almost 60 MIO USD-
that could match.
besides that, the numbers on the financials are definetely listed in thousands. or do you really think they had 2 GBP audit fees? :D
there we go!
Is it possible now to trade these new shares on all US brokers?
The article u've mentioned shows that they withdrawed the proceedings.
Proceedings were initiated at 01/04/2011, then they raised an objection and it was finally withdrawed at 03/09/2011.
I keep spreadin the word bout PSPW :)
Rudana's insolvency proceedings were cancelled.
Why do you think so?
In Germany both shares, old and and new ones, are not able to trade.
Only dumb and unexperienced people might sell because it won't show anything related to the merger.
But even though, I don't think there will be any significant selling because the PPS is driven by the merger.
Nope. 15 calendar days.
This document was released on Deutsche Börse's (and Frankfurt stock exchange) website.
www.boerse-frankfurt.de/DE/index.aspx?pageID=114 => März 2011 => 31.03.2011 => Prime Sun Power Inc.
That's definetely wrong. Trading on Nasdaq would even be one more argument for trading on further stock exchanges.
Because it's combined with a capital increase.
Yea. Maybe we get new 3Power shares. :)
Something is happening:
Suspension of trading on all German stock exchanges due to Corporate Action.
Just look at the latest 10-Q. PSPW had no significant revenues, lots of liabilities and only 250 $ Cash.
At this point of view the actual PPS is much too high.
What drives this PPS so high is the upcoming merger with Seawind which brings lots of assets and revenues to 3Power.
Considering the merger the actual PPS is much too low.
Some people may get weak hands if PSPW releases its 10-K because it won't show the new assets and upcoming revenues.
Imho the 10-K should be immediately followed by an 8-K which concretes merger date.
JMO
It's never too late to get into this stock.
Holy sh**. Solar stocks +13,3 % and +16,6 % aftermarket!
Go PSPW!