(Total Views: 164)
Posted On: 05/31/2022 12:40:52 AM
Post# of 13840
Someone never heard of Alienergy before today. Now they know all about Alienergy. lol
Reminds me when nobody knew what a PV inverter was before the company became a wholesaler overnight. Now they're the experts. lol
The same ones never heard of Foxess. Now they're the experts. lol
The same ones never heard of IDN/IST. Now they're the experts. lol
As far as first shipments, Maybe take a look at the first (only) shipment of of another snpw subsidiary's bus shelters back in 2019.
https://www.importgenius.com/importers/street...tdoor-corp
Ask yourself where those 20 units are today. Maybe you don't have to ask around because you're the expert.
HINT: Page F-13: https://sec.report/Document/0001493152-22-010104/
Project Financing Obligation
In June 2018, the Company received proceeds of $260,000 pursuant to a partnership agreement and related partnership contribution agreements with third party investors, pursuant which investors have agreed to provide financing for no less than (10) ten new bus shelters being installed annually. Each investment in the partnership grants the investor the right to preferential distributions of profits related to the Company’s contract with Rhode Island. The investors receive 100% of the profits from the Rhode Island contract to install 20 bus shelters until 100% of the initial investments are returned. Thereafter, the investors receive 20% of the remaining profits from Rhode Island contract. As of December 31, 2021 and 2020, no profits have been earned on the Rhode Island contract, no repayments have occurred, and the total amount of investments received totaling $260,00 is reflected on the accompanying consolidated balance sheet as a Project Financing Obligation.
Do your own due diligence. It's healthy for investors.
imho
cheers
Reminds me when nobody knew what a PV inverter was before the company became a wholesaler overnight. Now they're the experts. lol
The same ones never heard of Foxess. Now they're the experts. lol
The same ones never heard of IDN/IST. Now they're the experts. lol
As far as first shipments, Maybe take a look at the first (only) shipment of of another snpw subsidiary's bus shelters back in 2019.
https://www.importgenius.com/importers/street...tdoor-corp
Ask yourself where those 20 units are today. Maybe you don't have to ask around because you're the expert.
HINT: Page F-13: https://sec.report/Document/0001493152-22-010104/
Project Financing Obligation
In June 2018, the Company received proceeds of $260,000 pursuant to a partnership agreement and related partnership contribution agreements with third party investors, pursuant which investors have agreed to provide financing for no less than (10) ten new bus shelters being installed annually. Each investment in the partnership grants the investor the right to preferential distributions of profits related to the Company’s contract with Rhode Island. The investors receive 100% of the profits from the Rhode Island contract to install 20 bus shelters until 100% of the initial investments are returned. Thereafter, the investors receive 20% of the remaining profits from Rhode Island contract. As of December 31, 2021 and 2020, no profits have been earned on the Rhode Island contract, no repayments have occurred, and the total amount of investments received totaling $260,00 is reflected on the accompanying consolidated balance sheet as a Project Financing Obligation.
Do your own due diligence. It's healthy for investors.
imho
cheers
(0)
(0)
