Replies to post #32307 on 3Power Energy Group Inc (PSPW)

[Lafite1983]

hmmm..makes sense..

[Schekin]

It has to do with a specific % of the company which equated to that many shares.
On that January day when deal was made the price was what it was. Thus the value was what it was. Not a factor of concern here.

Why is PSPW valuing its own stock at 6 cents per share?

answer: They're not!


Viewpoint is obviously involved with the company somehow. Not sure who it is and most likely we will never know.

For that matter, why is there a $1 million fee on a $2.4 million transaction. That's a 40% fee. ouch.

answer: Your assumption is based on limited information. What was structured as a fee may have been more. You don't know how the #'s were determined. Or what the fee is for! If you read through all the DD on this board you'll find a more thorough answer. It's not a big deal at this point. No ouch here. GL

[nodummy]

Why is PSPW putting a value on its own stock of only 5.1 cents?

Which is referring to the 19,607,843 shares given to Viewpoint Investment Corp for $1,000,000 worth of services related to helping put together the Seawind / PSPW merger.

Here is that section from the Super 8K:

The Company has arranged with Viewpoint Investments Corp. (“Viewpoint”) to pay a $1,000,000 fee, to be paid in Company Common Stock, payable upon the closing of the acquisition of the Seawind Companies (the “Facilitation Agreement”) which occurred on May 13, 2011. Pursuant to the Facilitation Agreement, the Company has issued 19,607,843 restricted shares of the Company’s common stock to Viewpoint in consideration for services rendered to the Company. Viewpoint assisted and advised the Company with respect to identifying, negotiating and closing the transaction with the Seawind Group of Companies. The consideration paid to Viewpoint by the Company was deemed to be fair and reasonable by our Board of Directors with respect to the creation and enhancement of share value for all shareholders responsive to the acquisition of Seawind Energy and Seawind Services due to the efforts of Viewpoint. The number of shares issued to Viewpoint was calculated by reference to 85% of the publicly quoted closing price of the Company’s Common Stock on January 25, 2011. The transaction described above was made in reliance upon the exemption from Securities Act registration provided by Section 4(2) of the U.S. Securities Act, and the rules and regulations promulgated thereunder, including Rule 903 of Regulation S. Falak Investments AG is not a U.S. person (as such term is defined in Rule 902(k) of Regulation S) and this transaction was entered into outside of the United States.



So they took the closing price of the stock on January 25, 2011 which was .065/share.

85% of $.065 is $.055/share.

Hmmm that math doesn't quite work. If you divide $1,000,000 by 19,607,843 then they got their shares for $.051/share not $.055. Big difference. A difference of over 1.4 million shares.

$.051 is 85% of $.06

PSPW NEVER closed at $.06/share EVER.

In fact the lowest that PSPW ever closed was the $.065/share price that it closed on January 25, 2011 which makes you wonder if that is the reason why they chose the date of January 25, 2011 to determine the value of those shares.

PSWP stock did hit its all-time low of $.059/share on January 25, 2011 during the day. It just wasn't the closing price.

These details make this whole transaction very very fishy.

They lied about using the closing price from January 25, 2011.

They actually used the lowest trading price of the stock ever which occurred during the day (not the close).

And they obviously chose the worse trading day of the stock to determine the value of the shares they gave to Viewpoint Investments Corp.


----------------------------------------------------------------------------------------------------------------------------------------


So who is Viewpoint Investment Corp besides a company that does not show up in any searches not directly connected to PSPW that is located in Panama (a country infamous for shady business entities involved in illegal activities).

Viewpoint Investment Corp was incorporated on October 14, 2008 in Panama.

http://ohuiginn.net/panama/company/id/637353

Directors:

JOSE E. SILVA
DIANETH M. DE OSPINO
MARTA DE SAAVEDRA

Subscribers:

JOSE EUGENIO SILVA
DIANETH ISABEL MATOS DE OSPINO

Agent:

MORGAN Y MORGAN

https://www.registro-publico.gob.pa/scripts/nwwisapi.dll/conweb/MESAMENU?TODO=SHOW&ID=637353





Jose E. Silva is the front man for about 1000 Panamanian business entities:

http://ohuiginn.net/panama/person/JOSE%20E.%20SILVA

http://ohuiginn.net/panama/person/JOSE%20EUGENIO%20SILVA

Together with his partners:

http://ohuiginn.net/panama/person/DIANETH%20M.%20DE%20OSPINO

http://ohuiginn.net/panama/person/MARTA%20DE%20SAAVEDRA

http://ohuiginn.net/panama/person/MORGAN%20Y%20MORGAN



So what is Viewpoint Investment Corp a front for? Who really gained control of those 19,607,843 super super discounted shares intentionally valued based off of the company's absolute lowest trading price ever?



I don't think you are the only one that should be asking questions especially with the stock price taking a beating since the high of $2.48/share the morning after the merger closed.