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  4. 3Power Energy Group Inc (PSPW) Message Board

On July 4, 2011, Seawind Energy and Seawind Ser

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Posted On: 11/20/2017 7:40:44 PM
Posted By: Topfuel

On July 4, 2011, Seawind Energy and Seawind Service changed their name to 3Power Energy Limited (“3Power Energy”) and 3Power Project Service Limited (“3Power Service”), respectively. [b]Both 3Power Energy and 3Power Service were been dissolved as of September 30, 2017. [/b]

I thought this was took care of 2 years ago below, Looks like the UK of the past is finally wrapped up

During the six months ended September 30, 2017, we received an approval of our strike-off application for our discontinued U.K subsidiary. As such, we recognized a gain on disposal of a subsidiary of $1,853,916

As of September 30, 2017, our total current assets were $16,899 compared to total current assets $30,230 as of March 31, 2017 and the total current liabilities were $5,895,747 as of September 30, 2017 compared to $6,927,821 as of March 31, 2017. The decrease in current liabilities was primarily due to write off of our U.K sub liabilities due to strike off of $1,584,709 , net with increases of $323,416 in related party and other debt and increase in accounts payable and accrued expenses of $229,219.


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