Contrary to the negative bashers the news from Puerto Rico is excellent. We are working with PREPA and their lawyers everyday. There was no significance to July 27. July 27 was a date that PREPA said it would contact the PREB with a Luma update. I published on a previous post the exact wording from the July 4 letter, that PREPA sent to PREB on the public file. The statement in the letter ended with:
In San Juan, Puerto Rico, this 4th day of July 2022" Obviously PREPA is late making a filing. They do not care about Stockhouse.
We are working everyday on the feasibility update.
Please note the previously completed 9 month Montalva feasibility study cleared and approved Montalva for 80MW in 2020. This will simply be updated. Expansion to 150MW happens after the 80MW.
Regarding the post on the 100MW Convergent project.
None of those projects are final until Luma does a 9 month feasibility study. So the information by LetsMakeNoMoney is not correct.
Regarding the market price, A very close friend bid 200,000 shares yesterday at US $1.08 on the OTC.
Screen shots all day yesterday prove this.
It showed on the TSXV as a bid at CAD $1.38
He got filled 63,100 shares at US $1.08 average. (as high as US $1.10)
He cancelled his US $1.08 bid for the balance of his 136,900 shares and increased his bid for the balance of 136,900 raised to US $1.09. that showed up on the OTC market depth, but not the TSXV.
I have screen shots where the remaining bid of 136,900 shares at US $1.09 sat unfilled for the next 3 hours yesterday.
I show him the Stockhouse posts of last night and he sees you weasel bashers and correctly pulls his bid. He is enjoying a round of golf at Pelican Hill today, near my house, having fun golfing and watching Stockhouse lower the price 15 cents. Now you know Stockhouse bashers like Shneps and his buddies screw the little guy and help the rich guys. Anything he does is now cheaper because you bashers made it cheaper for him. He is smart, you are silly and like inflicting pain on yourself.
PREPA will file their letter to PREB on their own terms. Not on Stockhouse terms.
Please read my previous post where I published the entire letter verbatim. Here it is again:
MOTION TO INFORM PROGRESS OF THE FEASIBILITY STUDY
COMES NOW, the Puerto Rico Electric Power Authority (PREPA) and PBJL Energy Corporation (“PBJL”)1 through the undersigned counsels and respectfully submits and requests as follows:
1. On June 7, 2022, the Parties filed an Informative Motion and Request for Extension of Time to Inform Progress of the Feasibility Study (the “Request for Extension”) before this Honorable Puerto Rico Energy Bureau of the Public Service Regulatory Board (the “Energy Bureau”) requesting an extension of time to inform the progress of the preliminary agreement between the Parties.
2. As explained in the Request for Extension, the Parties have reached a preliminary agreement which consists of LUMA Energy LLC (“LUMA”) performing a feasibility study to determine whether the Montalva project can be safely and reliably integrated into the T&D System, considering operational and capacity constraints, among other technical criteria (the “Feasibility Study”). The Energy Bureau has yet to enter a ruling regarding the Request for Extension.
3. During the past 20 days, LUMA requested information to commence the evaluation of the Montalva project for the Feasability Study. The Parties have been in communication and PREPA issued a request for information to PBJL about technical aspects of the project for interconnection. On June 22, 2022, PBJL provided responses to the request for information (“PBJL’s Responses”). PBJL’s Responses have been delivered to LUMA. Currently, the Parties await further instructions and a kick-off meeting with LUMA’s officials.
4. Consequently, the Parties hereby request that the Energy Bureau grant until July 27, 2022, to inform the Energy Bureau of any progress regarding the Feasibility Study.
5. It is further stated that the length of the requested period will not affect the proceedings in this case since the Parties are in consensus and this request for extension is made in good faith to reach an agreement and hopefully dismiss the case of caption.
6. All efforts and proceedings related to the Settlement Proposal are made under Puerto Rico Rule of Evidence no. 408.
WHEREFORE, the Parties respectfully request the Honorable Energy Bureau to grant until July 27, 2022, to inform the Energy Bureau of any progress regarding the Feasibility Study.
In San Juan, Puerto Rico, this 4th day of July 2022.
s/ Joannely Marrero Cruz
Joannely Marrero Cruz
jmarrero@diazvaz.law
TSPR No. 20,014
Katiuska Bolaos-Lugo
kbolanos@diazvaz.law
TSPR No. 18,888