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Tuesday, October 30, 2018 12:50:36 AM
The other is PSPW which i bought many 100k blocks mostly between the years 2013-2016 and because over time this shell was slowly taken over by a billionaire group that controls Falak Properties which owns the Dubai Sports City estimated at between $5 billion to $8 billion in assets. I have waited for them to build a hydro dam in Albania which was suppose to happen in 2012/2013 when the billionaires secured $3 billion in a credit line through Falak Properties. But Albania never constructed the electrical transmission line until June 2016. There was issues with the first hydrodam concession which was fixed in 2017 and now everyone is waiting for the construction news. Since 2012 Falak Properties and insiders has slowly accumulated the stock of PSPW. It is a conservative estimate that 75% of the shares are owned by insiders and Falak Properties but it could be as high as 91% and there is speculation that maybe TRI or Falak Properties could reverse merge into PSPW, but its hard to say as nobody knows for sure. Send me a contact and I can share some of the info that has been found throughout the years publicly. There is a time line that the hydro dams have to be constructed within 36 months of signing the concession which happened in April 2018 per their last 8k. That means this will have to be started within the next 6 months imo.
There was also a PR about Shala Energy signing a memorandum of agreement with a chinese firm to construct 1.3 billion in hydro electric projects in Albania as the Albanian Hydro Electric Project but then it went silent. I consider the billionaires will secure at some point financing to build several larger projects and thats when PSPW has a very good chance at running to multiple dollars. With a float estimated at 15 to 20 million shares its very tight. Any positive indication and PSPW will explode. My average is 0.014 to 0.025 around 0.022. Its taken way to long and they are overdue since they had to put up 12.5% of the project money to Albania on the day of signing the new hydrodam concession issued in late 2017. I dont think they will walk away after putting up that kind of money. At some point a hydro dam will be constructed and the first 83.5 MW project should push the stock to between $1-2.
Some disagree with my logic but they filed for 7 years and then have not filed. There is speculation that the audits of their private entities are taking longer than anticipated. The float is also extremely tight held by longs that have been averaging down over the last 5 years. The original float was 13.9 million in 2013. This company is a volunteer filer and has filed all of their 10ks and 10Qs until this year when they went dark. The speculation is they will be making some announcements soon because it does not add up why file an 8k only to go dark and they are rich so they could be sued for damages. They will most likely come through and we will hit pay day on this one at some point in time.
I did hit the DOLV/JBZY run last year and I almost bought the OWCP run as well but had someone come up and decided not to chase it.
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