3Power Energy Group Inc (PSPW)

[enthalpy]

its up to 91% Falak Properties and this estimate may be off by a few percentage points which makes no difference as PSPW is still considered a wholly owned Falak Properties subsidiary. Falak Properties did secure the 3 billion in 2012 for PSPW because they had majority control in PSPW back then and since 2012 they have only significantly increased their ownership by an additional 173 million shares.

Falak Properties bought majority of the shares off market in 2012-2014 after the Seawind merger which is why Randy Pierra from structured financial stated in that email that the financing was for companies in 2012 which Falak Properties had POTENTIALLY significant ownership positions in which included PSPW and GREW. Also the float in 2012 was only 13.9 million shares and if Falak had bought the majority of the shares around then the float is close to 13.9 million to maybe 20 million but could be as high as 29 million. Since 2012 Falak has they issued an additional 150 million shares to themselves. In 2012 the original issue count was 113 million. So if you assume Falak bought 85% of the shares off market of the 99 million shares of which Julius Bank owned the majority (ex Hani Salem) and filed bankruptcy their chunk most likely was bought by Falaknaz in 2012. If you account for the last 8 years of them issuing themselves an additional 173 million that gives us roughly 173 million plus 84 million 257 million owned by Falak and insiders. So the float could be as high as 29 million or as low as 13.9 million. The one guy concluded that the longs held roughly 10 to 15 million shares. The float is real tight.

The way this trades with a 100% to 300% spread between bid and ask the float numbers are more than likely on the lower end of the estimated range between 13.9 and 20 million.