3Power Energy Group Inc (PSPW)

[davied25]

DD of Current Events. Get up to speed.

(1. Projects. The company through its Albanian sub 3Power Shala has signed the 83.5 MW Shala river hydro power concession CONTRACT with the government of Albania on April 4th of this year (announced on June 12th via 8k). This project is expected to take 36 months to complete, will require an investment of around €110 million, and will produce an estimated €17 million in revenue annually (see 2017 Newsletter).

We are awaiting confirmation that either financing has been arranged, or that construction has commenced on the project which would also indicate financing. Also looking for potential confirmation of any other Albanian hydro or solar projects that 3Power Shala may be in the process of acquiring, or any unsolicited bids for projects that the company may be submitting now before the Albanian laws change in September outlawing unsolicited bids.

8k: https://bit.ly/2LrwFOT
Excerpt from 2017 investor Newsletter: https://imgur.com/a/RGFlPoJ
Albanian Government official record book for contracts, legislation, etc: https://bit.ly/2uUvFZl
Albanian Business Registry, search "Shala Energy" or "3Power Shala" : https://bit.ly/2JP1Uyj

(2. Majority insider shareholdings. They range from 218-259 million shares of the 286 million OS, or 75-91%, held by the Falaknaz family (Chairman), Sharif Rahman (CEO), or their related parties.

It's become quite obvious that majority control of shares is paramount to the strategic plan our "Dubai Boys" are working on. 10k annual reports from 2012 to present show OpEx loans (from themselves) and salaries both being converted to shares. The 10ks also show other large shareholders (that were not the Falaknaz family insiders) gradually disappearing over the years, and 3Powers' various Irish subsidiaries look to be holding many of those shares in under 5% blocks to avoid disclosure. At this time unfortunately, its nearly impossible to account for EVERY share sold on the market, sold back to the Falaknaz family & related parties via off-market transactions, or shareholders that had to disclose at one point, but no longer have to now that their holdings are under 5% of the current 286 million outstanding. HOWEVER, you can follow the money and with assimilation of other DD on the board here, I believe you can follow the shares through the years.

Chronological Ledger of Falaknaz & Related Parties' converted shares, 2010 to Present
https://s15.postimg.cc/g3jb3w3ej/IMG_6004.jpg

Chronological Statement of Beneficial Ownership, 2011 to 2017
https://postimg.cc/gallery/1eu2y04m0/

(3. Upcoming 10k and subsidiary holdings. We are awaiting the 10k annual report for year ending March 31st 2018. As of 7/16/18, it was "later than NT late." There may not be a "good" reason why the report is late, however, the company seems to have been auditing the subsidiaries so it may be taking longer than anticipated as they are "chock full o'shares." The Statement of Beneficial Ownership in this upcoming 10k will be of interest, and it should also show us who received the 12 million shares around May/June of this year (very likely a Falaknaz related party, and I've already included them in my share count). It is UNLIKELY to include new Shala project info since the company signed the Shala river concession contract after the period that this report covers. There should (hopefully) be new project info included in the upcoming Q2 report, due in Aug.

Enthalpy's subsidiary flowchart from 2017 (actual share amounts may need updating)
https://investorshub.advfn.com/uimage/uploads/2017/4/5/jdqjjOrganizational_Chart.png

3Power Energy Projects Plc: https://bit.ly/2NE0skH
Shala Energy Plc: https://bit.ly/2uXhrXv
Grew Energy Plc: https://bit.ly/2mBcwI3