Astra Energy Inc (ASRE)

[uber darthium]

I could have done without reading $1:700 in cash, they completely omitted the line for revenues, and stated asset values of African leases that haven’t even begun and technically have little if any value at all. Where is the huge construction manufacturing expenses for all the Africa projects ?

In fact, ASTRA informs us today, the leases are in default

As per the terms of the lease, the Company is delinquent in its first payment and has incurred a penalty. However, it was agreed to by both Astra Energy Inc. and The Revolutionary Government of Zanzibar that the Zanzibar land leases were not going to be paid until a Power Purchase Agreement was in place as this is a critical condition for funding the project. The company plans to fund the project for $195M and make the lease payments accordingly.

The company needs to fund a $195 million project and doesn’t even have enough cash to purchase a one way plane ticket to Africa….

The company has $1796 remaining in cash

The company apparently doesn’t have or own any of its own HES systems as none are listed as assets.

DOES ANYONE ELSE SEE A PROBLEM HERE ?

Has the UL submission papers been submitted?

When will the 3 HES systems be delivered at UL for testing ?

I am totally not impressed by the filing, just the opposite.

I am quite a bit disappointed