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looks like someone got frustrated and just sold a sizeable portion of their holdings.... hopefully they don't regret it.
This is just a side-note for my hopes in what this week brings.... but another 3M shares shorted Friday in the 5.5M shares traded.... that decline at end of day had something to do with MM's ...food for thought...
They would wait until 3:59 to sell so that the stock closed down for the day even though only buys had gone through the entire day up to that point... by doing so it creates a less positive feel for investors and hopefully sparks some selling so the fools can cover.... don't get me wrong.. this could also be an individual seller hoping to do the same thing and buy more on the cheap... but at this point its foolish to realize that nobody is selling...
To answer your question from a more interesting angle spencer.... why would someone sell 1M shares at .0016 and .0015 when 4.5M shares were bought at the ask and it was up to .002?? Why not just put in a limit to sell at .002 and wait for it to get filled for a 33% higher return???
Riddle me that....
That trade at the end of the day is a joke... mm's are ridiculous!!!
in fairness to the company... I don't think it is just several hudred thousand in expenses from the time they acquired the funds this year to now... I'm sure they had many past due expenses... don't forget in the last year they have
1. gone to Italy (not sure how many times before they closed the agreement)
2. I'm sure they went to Poland several times to view the property they are eventually going to build on.
3. Audit/Accounting expenses
4. Office Secretary
5. Office/Rent expenses
6. Attorney/Legal expenses (DTC / SEC etc.)
7. Valuation expense
8. Shareholder meeting
9. JB deserves some form of salary
So as you can see in the corporate world a few hundred thousand can be spent quickly....
Beachman... with all due respect... considering management has a number of shares that it would also be in their best interest to make sure they have sufficient funds to travel to Poland and oversee the project, I can't imagine they would be that stupid to wrecklessly spend 5M Euros... but maybe with PT you never know??...
you obviously haven't been around here long or looking very hard... Feb 25th PR
For starters... there is direct mention to David Ames and IFI SRL (lending company) in prior PR's.... if this whole thing was BS don't you think that both of these individuals/companies would make it public that they have never had any relationship or business dealing with IPWG... there is obviously something more than just imaginary PR's...
now do your own DD
For someone who hasn't made a post on this board up until yesterday you have a lot to say... do your own DD.
Well said. thank you.
Don't you think that company management would love to see this trading in the .05 range right now... they would stand to make much more $$ than you or I... however, if they have not yet received the 5M Euros as of this exact moment then the construction company is unlikely to have recieved their first traunch... so there really is not much to report on as far as construction and pictures... this is a startup company that has the potential to make lots of $$ for many people... it won't unfold overnight, or in a week, month... it has taken years and my belief is that we are finally on the cusp.
Oh I'm not defensive at all... I'm not crying ad nauseum like you are ... if you were an intelligent investor and thought that there was nothing to invest in then you would sell right?? its as simple as that... the fact that your still here and invested means that you have faith in the business.
The only money the lending company needs to be worried about being handled correctly is the money that IPWG will not even be involved with - and thats the money thats going directly to the construction company... I honestly don't care what IPWG does with the 5M euros b/c that is not what the basis of my investment is... the only thing you got right in your comment was "ball's" - I got them and you obviously don't... if your so concerned then sell..
It just gets annoying when the boo birds don't even know what they are criticizing.
Vicstock... to the point of your "lie detector test" - 2.5M shares were just purchased in the last 20 mins at the ask... could this be a sign of good things to come?? I know its only about $5K but still stronger than what we've seen in recent weeks...
You guys continue to sound like fools.... The Italian financing company is NOT leaving 375M Euros with IPWG... whatever it costs to build the WTE facility is going directly to Volga International (construction company)... the absolute only thing going to IPWG is the 5M Euros.... The financing company will then hold a lien on the WTE plant as collateral until the loan is repaid.... why don't any of you get your facts strait instead of harping on the idea that you can't believe someone would give IPWG 375M euros blah blah blah.... you sound foolish!!
How would you address the company continuing to say that the funds will be received imminently? If they knew these payments had no chance of ever occuring then why would they continue to talk about them like business is progressing? Also, everyone keeps talking about why would a funding company lend them money blah, blah, blah.... the funding company has a lien on the WTE plant until the loan is repaid - why does nobody seem to realize that?? The only money going to IPWG is the 5M Euros.
You know what... maybe I am looking through rose colored glass, but when you invest in a Pink these are the types of things that happen... why are any of you surprised?? Go put your money in a mutual fund that will grow 6% annually over 30 years and stop complaining...
Amen to that!!
The purpose of the $5M is to support operations until the plant is up and running... once the plant is running IPWG can self-source itself through the positive cash flow the WTE plant will provide... management has many many shares and will benefit much more from the plant being constructed and in operation... doesn't make sense that they will be running off with $5M like some seem to think.
He sounds like Gapper on Equity Groups... I think the main point is that once the $$ is received (regardless of what management does with its $5M)... that would also mean that Volga International has received their traunch to commence construction - this is what we're investing in folks!! Not how the $5M is spent but the inherent value that will be realized through the construction of the WTE facility...
definitely some nice buying pressure coming in...
more news out!!
the only thing that doesn't make sense is if they are truly concerned with lining their pockets then they should have released news sooner that $$ was in the bank if that was the case... the pps will increase substantially from where we are right now once that news is made public...
Etna... I don't think the italians need to put anything in place to protect their money other than the lien they will have on the plant until the loan is repaid... the 5M Euros is the only thing going to IPWG... the remainder goes directly to the construction company (Volga International)... so from a risk standpoint there's really not much to lose.
If there is a premium on today's price... then yes I would.
PR also states - "We remain anxious to move forward with this project in Koryciska, Poland, the first of several worldwide WTE facilities planned by IPWG."
You should have waited another 15 mins before posting cash...
Some may disagree... but I must say I am honestly content for now with this release.... there is much more transparency in this PR than anything we've heard in the last 3 months... also, the PR states that "We have received confirmation from the investment group providing the credit facility that the delayed EURO5,000,000 is in transit to us from overseas and we expect to announce that we have in fact received the funds very shortly." ... this puts a specific timeline on when $$ should be received and announced... I honestly don't think we'll be waiting another 3 months for a PR (my guess within a week at most)... if we don't get a PR soon then there may be reason for concern IMO...
Out of curiosity... from today what do you think the timing of this letter will be? and when do you think we'll get updates on Poland?
My personal opinion is that the best way management can avoid anything hostile from all its shareholders at this point is to become transparent asap.... I think the biggest frustration is that the funding agreement was signed the end of February and it is now the end of July (nearly 150 days) and we have heard no updates regarding $$ or anything for that matter in quite some time.... yes it may very well be on its way and in the bank very soon but investors value the management of what they invest in by the return of their personal investment.... and while many people are now in the green only because of purchasing a significant amount in the 000's there is still quite a bit of frustration due to the lack of updates provided... get the pps moving with some news and I believe everyone will take a step back...
I say none... replace the entire house
WOW!!! where did all these posters come from??? Suddenly we have a number of guys who have never wrote on this board that seem to think they know so much about the company???
This is your first ever post on this board and it has absolutely no substance to it.
Shocking.... another 100 share trade at the bid... these guys are ridiculous.
For starters.... yesterday 2 Million of the 2.2 Million shares traded were shorted.... MM's just keep playing games.... if serious news were to come out I don't think they would know what to do...
regardless of news... IPWG continues to be resilient... we'll see... hoping for news soon to relieve some stress
I'm also an IPWG person who is sitting well in the green and was smart enough to more than double up when it was in the .000's and am now up nearly 100% ... mind your biz and do your homework before you criticize others investing strategy.
And Ames has only got involved with IPWG since it started coming up... he had nothing to do with their fall.
Maybe we'll get our fireworks next week??
Holding Tight!
That would be incredible for the pps.... saw this as well and just bought in for 20k shares yesterday ... could definitely see this going up to $1.50 immediately upon announcing that news and rise as high as $2-3 shortly thereafter.
My assumption... Dean left just enough room in the O/S shares for this exact reason... just before he signs all the deals and is certain that everything is going to get done he let all his "close friends" in on the info and diluted everything up to 1.5B knowing it would push down the pps and everyone can get those last shares for extra cheap... with this done the PPS will now rocket once news is released as no more shares can get diluted and everyone that wanted in got it at the lowest point ... all IMO