3Power Energy Group Inc (PSPW)

[sctts]

Debt Payment Shares Worth
Wersch $518,359 $50,000 2,000,000 $0.54 $1,080,000

Falak $2,074,420 4,148,840 $.50


Hellenic $700,000 $70,000 1,260,000 0.49 $617,400

So Hellenic is taking $70k, and already has their shares, today worth $617,400. Who knows if Hellenic sold off earlier, I doubt it, they wouldn’t have gotten their full debt back.
Wersch is taking 10% of their debt also in cash, and 2 million options to buy @.54
So Wersch and Hellenic accepted the Wimpy (of Popeye fame) deal (I will gladly pay you Tuesday for a hamburger today). I am sure they have gotten a better peek behind the curtain than we have prior to accepting that deal.
I am not happy (And I am sure that Wersch and Hellenic are not either ) that they missed the 2nd payment due (Dec 15th of the cash payments )
The company does need cash to pay the bills until start generating revenues, geez, ya think Falak would have left something in petty cash to pay off these debts.
Now is this the 3rd auditing firm 3Power has had? We already replaced 1 after the Italian Job !
Oh well, still waiting for the release of info that will put this over the hump, this didn’t do it.