3Power Energy Group Inc (PSPW)

[SurgeGuy2.0]

Wow, so I see from the recent 10Q, PSPW has not even bid for the project yet? I thought they already won the contract?

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.

And they are still losing money? ZERO revenue?

We had no revenues from operations for the three months ended December 31, 2017 and 2016.

And here is the worst part, get ready for a whole lot of dilution!

We will need to raise additional capital to implement our business plan and continue operations for any length of time. We are seeking alternative sources of financing, through private placement of securities and loans from our shareholders in order for us to maintain our operations. We cannot guarantee that we will be successful in raising additional cash resources for our operations