Replies to post #34532 on 3Power Energy Group Inc (PSPW)

[Crusader]

sctts: Here is what we know:

"RUDANA" (the entity that had the Albanian contracts) was finally liquidated last month in a Swiss Brankruptcy Court (I have seen the final court order). So it owns nothing now;

PSPW has issued press releases and filed with the SEC (after Rudana's bankruptcy filing) that they have a business plan to acquire, develop and operate various power projects around the world, including in Albania.

Here is what we do not know:

If the Rudana shares of PSPW were assigned to anyone other than most likely the private Swiss Bank that is listed as owner of millions of shares of PSPW as cited in the PSPW Super 8-K. We do not know if that Swiss Bank holds the PSPW shares for itself as compensation for money owed to it by Rudana or it the Swiss Bank holds the PSPW shares "in trust" for some other entity;

If the Albania power contract was assignable under its express terms;

If PSPW was assigned the Albania contract rights owned by Rudana before bankruptcy or by the Swiss Bank after bankruptcy.

So it is conjecture at this point to assume the Albanian power project plans announced by PSPW are the same projects tha Rudana had signed with Albania. The odds are that these are the same projects, because Rudana owned PSPW shares years before the Albania agreement was signed. The bank that now "owns" the Rudana shares likely would have used leverage to have the Albanian contract rights assigned (if possible) to PSPW to insure the value of the PSPW shares it obtained for itself or some other entity in trust. But this is pure speculation.

PSPW needs to clear up these issues, not me.