3Power Energy Group Inc (PSPW)

[Ticalc2007]

So, the value applied to the closing of the Seawind acquisition was $2.4 million, and they get 40 million shares? So that means that these terms were established, valuing PSPW at its 52 week low?

That is, $2.4 million / 40 million = $0.06 PPS. Almost makes one wonder if the steady decline in price was orchestrated in some way to increase the value Seawind would get out of this merger. That $2.4 million in value applied to the acquisition is already worth $78,800,000 to the Seawind Group!