3Power Energy Group Inc (PSPW)

[Schekin]

It has to do with a specific % of the company which equated to that many shares.
On that January day when deal was made the price was what it was. Thus the value was what it was. Not a factor of concern here.

Why is PSPW valuing its own stock at 6 cents per share?

answer: They're not!


Viewpoint is obviously involved with the company somehow. Not sure who it is and most likely we will never know.

For that matter, why is there a $1 million fee on a $2.4 million transaction. That's a 40% fee. ouch.

answer: Your assumption is based on limited information. What was structured as a fee may have been more. You don't know how the #'s were determined. Or what the fee is for! If you read through all the DD on this board you'll find a more thorough answer. It's not a big deal at this point. No ouch here. GL