Solalgo Investment offer to raise $1.8m re Projects 2024:
Up to 33% equity in project co @ 3rd party value (Buy Back @ Mkt Rate in 3 yr)
+ 3 yr vested SLGO @ Mkt Rate (up to 25% of Invest Value)
+ Up to 5% equity in Cubex at total fixed value (Buy Back @ Mkt Rate in 36mts)
Board of Cubex passed the funding from reserves for marketing & support of SLGO Q1/Q2 2024 + Vesting restrictions on all coin placement Q1/2 2024:
Mkt Q1/Q 2: $60k
A/F Q1/Q2: $20k
Restriction Q1/2: 18/36 months
* subject to change based on further external investment.
Draft end of year returns for Cubex completed.
Account expenditure analysis for BudzCorp completed - $556k
Account expenditure analysis for Vetqura completed - $88k
ModusPay analysis will be completed next week.
Sent 2 of the 28 new projects reviewed to be assessed by ALGOS101:
1. Multi media marketing tool with extensive qualified lists
2. Recycling plant for used tires
Will post results after consultant reports.
Managed to contract the COVID - spent the day eating paracetamol and reviewing project applications - restricted against physical “interaction” till the weekend so lots of zooms and paperwork methinks.
Big prep week: the end of year accounts are significant for our funding n 2024 - all targets met but we want them exceeded & allow bigger investment to accelerate the income producing projects - conglomerate accounts / budget distribution really matters.
All hands on deck here at Solalgo - 4 developing projects & 2 projects in development with 4 more in planning. The team is a touch stretched while we await the arrival of Martin & Bridgette. It would be fair to say we probably need a couple more on board TBH.
Solalgo have taken a 3 month partnership purchase option for IPR & commercial roll-out of tech relating to EV charging efficiency developed by a Scandinavian university & held by educational trust administered by the unicameral. Conditions are attached to the option.
Global solar energy audited returns 2022: US$ 90.4 billion
Projected return by 2030: US$ 215.9 billion
CAGR 11.5%: 2023 to 2030
Green Exchange (Solalgo) – Projected:
5 acres of panels by 2030
121.4k kilowatt hours per 6h day
W/P 2023: $3.3 per kilowatt hour
At AMA tonight we will be talking about current project status - restructuring of project finance - capital & crypto markets - timelines for income generation - new projects - new team members - tune in and ask us anything.
Just met a Uni R&D group developing a series of tech for EV charging kits – lots of acronyms, (CCS, NACS etc) & reams of cost analysis / logistics for a product that eventually could have serious legs. Algo & Team will look further into it this week.
Working on Vetqura C/A, distribution & impact strategies:
US Gov analytics report on market size & capital growth forecast is encouraging.
Global market for Pet Accessories audited:
US$32.7 Billion year end 2022
Projected:
US$55.4 Billion year end 2030
CAGR to 2030 = 6.7%
Pretty mundane day - lots of paperwork (hate Excel even if it is a great tool). Lots of new project enquires to plough through & a minefield of legal & accounting stuff to test my will to live.
“Bureaucracy is a giant mechanism operated by Pygmies” -(No offense to Pygmies mind)
We had a long meeting with a potential CEO for ModusPay. She’s English - worked in S Africa as Associate Partner in a Top 5 accountant firm - 22 years Chartered - logistics & transactions expertise - we made an offer - she’ll get back to us next week
Admin and accounts this morning - afternoon & evening top heavy with meetings - 2 legal (Budz & Modus) 2/3pm- CEO interview for Modus (more later) 4pm- Bank distressed asset disposal 6.30pm - US investor 8.30pm. - no rest for the wicked!