PSPW Audit smells fishy as published numbers do not reflect or account for accrued interest. as of April 10th 2016 - $1,986,000 in accrued DEBT is not reflected under current audit and SEC accounting division was alerted to this fact. PSPW will soon restate its audit - will not be surprised if they stop auditing books just to cover up prior deceptions.
PSPW Stock trading is nothing but paint job with 50% Mongolian P.... wide spread. Investor who got enticed into slapping the ask will loose 50% immediately in case he wants to sell. This is one way street into promoters pocket who manipulates PSPW all day long.
PSPW market capitalisation is $30M for what? Management Team delivered or created $0 Value. Assets = $0 DEBT!? Makes no sense.
PSPW appears to be nothing but a FRONT for some shady dealing and I will not be surprised if Money Laundering reasons involved here.
Falak Holding owns the exclusive salon master franchies for 5 countries. They already probably have the 50 salons operational. Not a big deal to throw 100 million here and there to these guys. If they believe in it they will bet BIG and obviously they will come thru for PSPW. They have a total of 127 MWs for Shala plus the extra 84 MWs added. Thats 200 MWs of production right there and the going market now for purchasing open concession rights are like $200k a MW. Its worth $40 million that they could sell it or develop it and seeing that they throw money into saloons like no big deal they are going to develop Shala Energy. They did get $3 billion in credit they will do it again IMO as the developer and PSPW partner thru Shala Energy shpk. I dont care what other posters say or do. Holding my shares and glad I am not SHORT on this one.
Naturals Salon plans to raise Rs 120 cr from PE Company makes foray into international market opening salons in Dubai T E Narasimhan | Chennai October 12, 2015 Last Updated at 15:28 IST
Naturals, a chain of salons, is making plans to raise around Rs 120 crore from private equity before March next year. The proposed fund raising is to support company's international expansion and launching new professional products.
The company roped in Veda, a leading investment bank providing focused advisory services to mid-market companies, as an advisor for the proposed fund raising plan.
The company has forayed into the international market with a new chain in Dubai. The brand is looking to open 100 salons in Dubai and the 5 GCC countries in the next three years. It is also at an advance stage of discussion with a master franchisee for the US and is looking to enter the American market by early next year. Entry into Singapore and United Kingdom is also on the cards.
Naturals Co-founder, C K Kumaravel, said that the master franchisee has been given to Falak Holding, a leading West Asian corporate group until 2025 in GCC countries, including UAE, Kuwait, Qatar, Bahrain and Oman.
As per the agreement in the next 12 months 50 stores will be opened and it will be increased to 100 by 2025 in these five countries. Apart from saloons, these stores will have ayurvedic massage and yoga centres.
The Dubai store was inaugurated by Indian cricketer Sachin Tendulkar along with Pakistan cricketer Wasim Akram.
Kumaravel said the brand is also eyeing US, UK and North African markets where it will have around 100 stores over the next five years. By November plans will be finalised for US market.
The leading unisex hair and beauty salon chain has 510 salons across India and has set a target of having 3000 salons by 2018. Many of Naturals' salons are run by women entrepreneurs.
Naturals is also planning to foray into professional beauty care products, which will be retailed through the salons.
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