Replies to post #87600 on 3Power Energy Group Inc (PSPW)

[enthalpy]

I think the major expenses are going to be present in the parent company or equity company not the office or developer. Either way I am fine they filed it. Still slowly making progress. Thanks for sharing.

[davied25]

Are we saying roughly the same thing but with different conclusions?

I’ve always assumed they were hiding private transactions until the time was right and then PSPW could file fins, but I don’t think they have any incentive to file anymore. Notice they didn’t even bother with the annual report NT that was due July 1st.

when you use multiple companies working together you can obey pay for the other expenses since they are related entities

Yes. And if it’s been paid by Falak entities directly, it goes back to the point above. If it’s between filing fins for the pubco that takes away their privacy, and removing the Shala project from PSPW to make it a Falak private entity (or to sell off the rights), what would Falak choose?

to bid on a contract and if you win it in the paper work you have to put 10% as penalties on the day its signed for failure to perform the contract obligations.