Replies to post #14373 on 3Power Energy Group Inc (PSPW)

[carnelsonG]

hope this helps....


carnelsonG
Share
Thursday, February 10, 2011 2:56:59 AM
Re: choifunds post# 3454 Post # of 14374
re Rudana

help me out of this.....



Rudana Investment Group AG in Liquidation, in Zug, CH-170.3.029.746-8, Aktiengesellschaft (SHAB Nr. 7 vom 11.01.2011, S. 22, Publ. 5980358).
Firma Neu: Rudana Investment Group AG. Der Vorsitzende der Justizkommission des Obergerichts des Kantons Zug hat mit Verfügung vom 19.01.2011 der gegen die Konkurseröffnung erhobenen Beschwerde aufschiebende Wirkung zuerkannt [gestrichen: Mit Verfügung vom 04.01.2011, 08.20 Uhr, hat der Konkursrichter über die Gesellschaft den Konkurs eröffnet;
demnach ist die Gesellschaft aufgelöst.].

insert-text-here


Rudana investment Group AG in liquidation , in course, CH 170.3.029.74 6-8, corporation (T/plate No. 7 of 11.01.2011, P. 22, publications. 5980358). Company Neu: Rudana investment Group AG. The chairman of the law commission of the upper court of the canton course awarded with order of 19.01.2011 of the complaint postponing effect raised against the adjudication [painted: With order of 04.01.2011, 08,20 o'clock, the magistrate in bankruptcy opened over the society the bankruptcy; therefore the society is dissolved

choifunds
Share
Thursday, February 10, 2011 3:07:53 AM
Re: carnelsonG post# 3601 Post # of 14374
Isn't it Fantastic!
(you need more d.d=)


More assets on it's way as it seems...


On January 27th there was a website(which hasn't been confirmed officially with Rudana yet), which mentions they are in liquidation mode. Keep in mind it came the day after of the merger announcement on the 26th...(only source below)

insert-text-here




Quote:
In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed.





http://en.wikipedia.org/wiki/ style='background-color:yellow;'>Liquidation




From the recent 8k....


Rudana Investment Group AG (“Rudana”), the majority shareholder of PSP, shall, prior to the closing of the Acquisition, contribute into the new PSP structure certain Hydro power projects described in the Term Sheet.


Rudana is not only going to contribute hydro power projects(should be the $5 billion albanian contract) but to liquidate as much assets as they possibly can with what assets they currently have imo...


Sure makes a lot of sense to me...