3Power Energy Group Inc (PSPW)

[davied25]

Since Seawind is classified in the "small" company category, here's a description from the Companies House website that lists the requirements. However, without seeing the financials for 2010 (that is, after 3/31/10) there is no way to know if they are still in that category...

"To be a small company, at least two of the following conditions must be met:

* annual turnover must be £5.6 million or less;
* the balance sheet total must be £2.8 million or less;
* the average number of employees must be 50 or fewer."

link: http://www.companieshouse.gov.uk/about/gbhtml/gp2.shtml#ch6

Also, "small group" companies are listed on the same page under #4 and #5. I think this is where they are at because of Seawind Energy (which 3Pow will acquire first), Seawind Marine, and (head group?) Seawind International. Any thoughts?