BioPower Operations Corp (BOPO)

[Laster]

Let’s review last fins. Makes me laugh.
Company has $135 cash. I typically spend that much on dinner.
At least $1 million in convertible debt.
ZERO revenues for 2023 with $50,000 for administrative costs. Ouch.
Somehow they have net loss of $150,000.
They also have $700,000 in loans.
They still owe CFO $800,000.

Company operations looks awful yet some institution will fund this new operation in South Africa for $450 million up to $2 billion dollars? It’s not like POWGEX is a well established company. It just started in January 2023.

Just look at POWGEX history page on their website. Doesn’t look impressive.
Who would invest billions into this company. Seriously!

POWGEX Energy Pty Ltd is an International Renewable Energy Project developer focused on providing services underpinned by the clear and simple principle of providing bespoke renewable energy solutions.

POWGEX Energy Pty Ltd partners with various stakeholders to develop utility scale renewable energy projects covering: Hydrogen, Solar, Wind, and a wide range of Renewable Energy Solutions.

Our power and renewables consulting team is supported by proprietary, best-in-class research spanning our solar, wind, energy storage, grid edge and power market practices.