3Power Energy Group Inc (PSPW)

[davied25]

Well, pick your poison then. PSPW controls 60% of 3Power Shala Sh.p.k. via 80% by Shala Plc, which in turn is 75% owned by Falak. If you assume 3Power Shala’s books are correct, then the money only adds up to $1.38 mil from Falak rather than $12-$15 mil invested to secure the project. Either the government waived millions in fees, the project hasn’t actually been consummated yet like we assumed, or the value is max 1/10th of the €110 mil that was stated.

Or the scenario I think you’re suggesting, which is that these fins are missing big money attributed to Holding/Properties over the years. If that’s the case, how can Falak (or any of his extended family) ever use the PSPW vehicle for ANYTHING without a willingness to re-state financials or come clean about where money has been? That would be fraud. So PSPW would be essentially worthless in that scenario because it’s clear they’re not going to give up the shell game with the money. Even if Heinl has made it legal somehow according to Irish law, they’d have to give up their secrets. Might as well sell their majority ownership in PSPW to someone unrelated who could actually use it, at that point.


https://i.ibb.co/PmqTSsN/0-CC7-EAA6-FC9-C-45-ED-BFEB-7-FB481-D5739-D.jpg