Good to see you rookie and I do believe that at some point we will get news.
I am trying to catch up to the big dog of shares owned similar to future. Sadly its still a compete with the Jones type of play. Sadly I thought i was good but apparently not after hearing future owns 2.3 million shares. I am closing the gap now. I tend to look it at from a how much percentage of the hydro dam do I own or of a mega hydro dam? Lets face it saying you own 0.5% or 1% of a mega hydro-dam sounds small but its not. I love the concept of riding their coat tails. I really hope September we get news its our project on that new mega hydro dam. It appears it might be 200 MWs. I remember when i bought my first 200k shares at 0.02 and felt content in September 2013 and caused the Accumulation to rise on the charts. I almost selected this company at 0.07 for a large investment but chose another and unsuccessful company for the bet and I wish I would have chosen this company in hindsight.
I still think this float is less than 20 million. Do you have any ideas as to if the original 2012/2013 figures of 13.9 million still stand or Hanni Salem dumped shares back in the day?
The people I know the handful owns many millions of shares but then I do count future as part of that group. At some point they will have to disclose that Falak Properties has controlling interest in this company which has partially been disclosed in the 10ks up until 2017. But once they passed that threshold of 51% its a game changer and this could be why they went dark. Once the world finds out that this is a Dubai Sports City or Falak Properties controlled subsidiary many institutions will want to buy it. Especially when they announce any types of financing or reverse merger placing assets into the shell.
They went dark in 2017 and its been 3 years which is the requirement when a change of control happens the company show 3 years before they can use it to up list to the NASDAQ for example. This very well could be in their game plan.
PSPW must be a Falak Holdings or Falak Properties majority held company now. Wolfgang Heinl apparently only legally represents the energy division of Shala Energy PLC and the LLCs but not PSPW. Nobody really knows what Falak Properties et al. next move will be or how they will use the shell of PSPW but its potentially something bigger than an energy company in my opinion.
I really dont care what they use it for and personally if they own a combined between 75% to 91%, then the insiders can do anything with it, even sell it off to one of their rich friends to take their friends assets public or use it for something else besides these tiny $100 million energy projects. Granted they have been working behind the scenes for 4 years now and they went more dark in the process so there is more unknown factors until its all disclosed.
I would be happy if they renew the 3 billion in financing line of credit and give it to PSPW in exchange for controlling interest of the shares. Due to the private party LLCs out of Ireland all 19 of them they are able to hold the shares at 4.99% and not report. I am questioned whether or not they already own the company or are these LLCs strictly holding the shares for a final agreement to exchange control of a public shell in exchange for other assets.
In the end we wont know until its game time. And they dream bigger than most so it wont be just a $1.00 run when you hold potentially up to 260 million shares. Every $4 is a billion in equity they gain so they have every incentive to make themselves ultra richer! After the Menasat Gulf fiasco I am sure they are looking at all options on the table in their portfolio.
GLTA longs! If there is a short position even a small one like 1 million shares it will still significantly increase the price movement on the day of the unveiling of their plans. Be patient for they are still committed after seeing them file the 2019 filings for the LLCs and expect Shala Energy PLC next.
Also the coronovirus delayed any construction projects as the borders have been closed for a while for many countries. Eventually a vaccine will come out and this delay wont impede progress if there is progress being made.
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