Alpha Prospects – Report and Financial Statements for Year Ended 29 February 2024 November 5, 2024 – Posted in: Alpha Prospects Ltd – Tags: , , ,

Chairman’s Statement

I am pleased to present the financial results for Alpha Prospects Limited for the 12month period ending 29 February 2024.

The comprehensive income for the period was £1,995,707. This is a significant turnaround over the previous 12 months when a small loss of £29,726 was reported. The Company has again seen a growth in Total Assets this year from £12,908,329 to £15,741,710, an increase of 21.9%.

Alpha Prospects Ltd is an investment management company that in recent years has been supporting inventor Malcolm Bendall and his Strike Foundation in the development of the MSAART technology. This technology enables the reduction of harmful emissions while at the same time reducing energy costs. It can be considered as one of the world’s best options for the global reduction of CO2 emissions. After many years its value is finally being appreciated.

As at 29th February 2024, the Company held investments in three companies actively developing the technology and held licences for two regions or territories. Since the reporting date, two additional licences have been procured. They are for Malaysia and for India.

Shares Issued

During the period from 1st March 2023 to 29th February 2024 the Company issued:

7,751,225 Ordinary shares at 10 pence

1,331,053 Warrants exercised at a price of 5 pence

Significant Events

On 9th May 2023 the Company sold its licences for USA and Europe to Strike Energy Inc, a corporation registered in Delaware USA. The consideration for the sale was USD $15 million satisfied by the allocation of 30% of the Class A shares of that Company. Class A shares represent 50% of the capital of the Company and cannot be diluted if new investors were to join the Company. Strike Energy has subsequently obtained further licences for the technology in Mexico, Canada, Japan, South Korea and Australia.

On 3rd July 2023 it was agreed that Alpha Prospects Ltd would hold 10% interest in Strike Foundation Guarantee Limited. The Strike Foundation holds all the intellectual property for the technology and has been instrumental in applying for patents during 2024. Four patent applications are currently pending.

On 17th July 2023 Alpha Prospects gained the licence for the technology for Thailand and a month later established Plasmoid Power Co. Ltd. as a subsidiary in Thailand to market and sell the technology.

On 23rd October 2023 Strike Foundation awarded a licence for the territory of United Kingdom to Land Logical Ltd. Land Logical is a private company and ideally suited to further the technology in the United Kingdom. Alpha Prospects looks forward to supporting them in their endeavours to develop the market.

Also in October of 2023, Alpha Prospects launched a new web site that has been very well received. It provides an opportunity for interested parties to subscribe to regular updates or to communicate directly with the Company and several hundred have subsequently done so. The web site can be viewed at www.alpha-prospects.com

Clearly after several years supporting the Strike Foundation it is most gratifying to be able to benefit from the commercialisation of the technology. 

Post 29th February 2024

The momentum has continued into this calendar year and with the following events occurring:

In March the Company acquired the licence for the technology as it relates to Industrial Chimneys for India. The consideration was £5.0 million settled by the issuance of 40 million new shares at a price of 12.5 pence.

Then in July the licence for Malaysia was obtained for £500,000. This time 3,333,333 shares at 15 pence was the consideration.

The Company is in discussions with prospective partners in both locations with the express goal of establishing either a subsidiary, a joint venture or an investment opportunity to enable the value of the investment to be realised.

Plasmoid Power, the subsidiary in Thailand, has commenced trading in September and for the first time, Alpha Prospects will be able to report sales and associated revenue in next year’s financial report.

Shares

In the period 1st March 2024 to 30th September 2024 the company has issued the following:

37,649,912 Ordinary shares at 12.5 pence

200,000 Ordinary shares at 15 pence

1,784,660 Warrants at 5 pence

217,400 Warrants at 7.5 pence

The steady growth in share price is confirmation that the strategy of supporting Strike Foundation is sound.

The Board of Directors reaffirm that it is the intent of the Company to commence a dividend pay-out at the earliest opportunity.

Finally on behalf of the board I wish to thank the Company’s advisors for their support and assistance.

Dr Steven Freudmann

Chairman