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We filled in one gap on the 60 minute chart............now if we can fill it below .057. It will be a very good day and the last chance for cheap shares, IMO.
Brez, can you log on to equity??..............I can't.
Brez:................you see. I don't even know if they are real trades where anything is covered??.They could just be movements between accounts held by one firm back and forth, to fool the accounting,IMO. I don't think there are that many shares available for them to actually buy.
I don't really know how big a the problem is for them unless the certs are called in.This type of behavior may work for them for a while since it is creative electronic accounting but if the numbers don't add up in a paper cert situation, these "T" trade games may not work then.
All stuff this stuff is conjecture beyond my knowledge that we will just have to wait and see, but there sure is a lot of circumstantial funny business going on that is not common. No need for us to worry over it dude........... With financing it will all work out the way we hopped a long time ago and if there is some blood letting, the more the better.......:)
URST
URANIUM STAR CP
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 11.09.2009 (7) days ago, when the stock price was 0.5500. Since then URST has fallen -9.09% .
BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.4500 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.
We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Data provided by: End of Day Data
BUY
CONFIRMED
0.5000
+0.0500 +11.11%
Candlestick Analysis
Today’s Candlestick Patterns:
White Candlestick
Candlestick Pattern
Today a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.
Investor you are right, the company is not selling shares and it is reckless to project such information. I talked to a broker and he told be that "T" trades are just Market makers balancing their books among themselves and can have any price they want put on the trade.
IMO, it is being done to balance the large rumored short position in IPWG. I think that large naked short position has created a problem for somebody....................hence the new "T" trade phenomenon and the "chill' was created to help themselves get out of this mess.
The last thing "they" want is for the shares to be called in and re-issued under a new name.The second to the last thing that is wanted is "Financing" ($$$$$)This kind of thing hardly ever happens to them. IPWG was not supposed to live!
IMO again..............I think somebody is.............shall we say......"exposed to high risk"...........:)
dan888:.........investor told you the most likely course of events if all goes well.Of what use would a PR be now????..........It would serve no purpose and is not required, only material events required and needed by all right now.Fluff not needed.
The only PR that will change everything for certain is the money PR, anything else is just more torture/pain and speculation. Only one PR is needed and matters............the money PR.Then it is all a new world with diamonds in the sky.......IMO.
off topic........yeah grew up there but left after college in 1980.Way to crowded for me now. If I ever return it would probably be around Mendocino up North. can't stomach Southern Kalifornia any more.I miss all the old orange groves and grape vinyards.all exchanged for suburbs, not the same.
Also, Its probably against the law to let seniors surf there now.............I think if we loose our dentures in the surf by accident, it may pollute the water or something like that so we are banned.That is the rumor I hear.............:)
MediaG3, Inc. Announces the Launch of Imperial Wireless(TM) IW4G Mobile Broadband Internet Service to Las Vegas, Nevada
* Press Release
* Source: MediaG3, Inc.
* On 10:11 am EST, Thursday November 12, 2009
*
Companies:
o Mediag3, Inc.
SANTA CLARA, CA--(Marketwire - 11/12/09) - MediaG3, Inc. (Pinksheets:MDGC - News), is pleased to report the progress on the Company's developing WIMAX service roll-out strategy in the United States.
MediaG3 announces that the Company's expansion plan is advancing according to expectations in Las Vegas, Nevada. Recently, the Company announced a successful service launch in Portland, Keizer and Salem, Oregon, and following the initial successful launch in Boise, Idaho. This is part of the Company's 19 state market roll out of WIMAX services.
The addressable market, demographics, and Company estimated revenue metrics for broadband internet services in the Las Vegas metro markets include the following:
1) Estimated Las Vegas metro market shows a potential subscriber base of 558,383.
2) Percentage of households using broadband and wireless services at 74%.
3) Available broadband and wireless subscriber base is 413,203 households.
4) With very conservative estimated market share to be captured by MediaG3 being 5%.
5) Estimating subscribers' revenues of over $1,033,000/year initially.
"As part of our roll-out, we are now proud to launch IW4G WIMAX services to Las Vegas residents, businesses, students and mobile professionals the super fast mobile Internet experience they're used to having at home or the office, anywhere around town or on the go," said Val Westergard, Chairman, MediaG3, Inc. "We're pleased to provide this community a valuable new category of Internet service designed to make people's lives more enjoyable and more productive, wherever they happen to be in our coverage area."
"Our WIMAX roll out strategy and plan is working very well and we have very high expectations that subscriber demand will be exceptional for our 4G services in Las Vegas much like the other markets we have reported," added Joseph L. Anzalone, MediaG3, Inc. President & COO. Mr. Anzalone added: "As we reported previously, we are moving forward aggressively in the delivery of 4G WIMAX services in markets and communities poised for strong broadband internet growth. The Las Vegas market is representative of growth markets we will be focusing our attention to serve. As you look at MediaG3's portfolio of product and services, we believe our timing is excellent to build our presence and market share throughout the United States."
MediaG3's Imperial Wireless IW4G... a New Generation of WIMAX
The 4G customer experience is similar to that provided by Wi-Fi, but without the short range limitations of a traditional Internet hot spot. The companies are all using a wireless 4G technology that differs from Wi-Fi called WiMAX, which provides service areas measured in miles, not feet. Further, IW4G gives you average mobile download speeds of 3 to 6 mbps with bursts over 10 mbps.*
As the Internet integrates deeper into daily life, the opportunities to stay connected and be productive are enhanced by IW4G in numerous ways:
�
-- A busy parent who wants full Internet connectivity for kids studying
or playing games in the back of the family minivan;
-- A college student or retiree looking for one affordable Internet
service provider to meet their needs at home, on campus and on-the-go;
-- A mobile professional who is unsatisfied with the speeds and
limitations of 3G modem cards or the need to seek out Wi-Fi hotspots;
-- A commuter interested in working or accessing entertainment sites like
Hulu or Pandora on the way home.
For these and many other customers, IW4G's simple and innovative pricing provides ultimate flexibility. IW4G's mobile and residential plans can be purchased by the day or by the month, and with several no service contract options available. Home Internet service plans start at $25 per month, while mobile Internet plans start at $35 per month, or customers can purchase a convenient day pass for $10. Additional savings are available for customers by purchasing a combination of services that could include home-and-mobile or mobile-and-mobile Internet plans starting at $50 for both, or by signing up for a two-year service agreement. The dual-mode 4G/3G plan is available for just $70 per month with a two-year service agreement. Customers can find full details about pricing options, business plans and purchase the service online at www.iw4g.com, or by visiting other authorized Imperial Wireless dealers.
Simply Plug-In and Go
IW4G offers several simple choices for broadband connectivity.
�
-- IW4G USB Modem and IW4G+ Mobile: Mobile users simply plug-in IW4G's
compact, mobile WiMAX-enabled USB modem into their laptop to get online.
The USB modem, from Motorola, is available for only $49.99 for a limited
time or leased for just $4.99 per month. Customers can purchase the modem
from a store or online. Customers who travel across the U.S. may purchase
the CleIW4G+ mobile USB, a dual-mode (4G/3G) modem from IW4G. The dual-mode
capabilities give the truly mobile user access to nationwide 3G network
service whenever the IW4G service is not available. The IW4G+ mobile USB is
available to lease for only $5.99 per month.
-- Residential data & voice services: For residential service, IW4G
offers customers a wireless high-speed modem, about the size of a small
book. Customers simply plug the modem into a power outlet anywhere in their
home or office and connect the modem to their PC or wireless router. This
enables consumers and businesses to install high-speed Internet service
without the need to schedule an appointment, drill holes in their walls, or
otherwise disrupt their day. The IW4G Modem, a residential modem from
Motorola, can be purchased for $69.99 for a limited time or leased for just
$4.99 monthly. Residential customers can also add in-home voice service
with purchase of the IW4G Voice Adapter for $15, and receive unlimited
local and long distance service for just $25 per month.
-- IW4G Spot: With the IW4G Spot, any existing, off-the-shelf Wi-Fi
device (compatible with 802.11b/g) can connect to IW4G's mobile WiMAX
network. The IW4GSpot creates a personal Wi-Fi hotspot that travels with
consumers anywhere they happen to be within IW4G's mobile WiMAX service
area. This $139.99 device is a portable, battery-powered router that
seamlessly connects up to eight standard Wi-Fi-enabled devices (computers,
mobile phones, portable gaming, consoles, cameras, etc.) to the Internet
via a IW4G USB modem to access IW4G's mobile WiMAX network. The IW4G Spot
is compatible with both the IW4G and IW4GG+ mobile USB dual-mode service
options.
-- Intel Embedded WiMAX Laptops: Numerous IW4G-compatible embedded WiMAX
laptops based on Intel� Centrino� 2 processor technology are now
available directly from their manufacturers and through other channels.
From Dell, these include the Studio 17, Studio XPS 16, Latitude E4300,
Latitude E6400, Latitude E6400 ATG, Latitude E6500, Precision M2400,
Precision M4400 and Vostro 1220. From Fujitsu, this includes the LifeBook
P8020. WiMAX-ready laptops from Lenovo include the ThinkPad line: SL500,
X200, X200s, X200 Tablet, X301, T400, T500, W500, W700. From Samsung, this
includes the X460 notebook as well as the NC10, the first WiMAX-enabled
netbook based on the Intel� Atom(TM) processor, available in the U.S.
-- Samsung Mondi: The Samsung Mondi is a mobile, WiMAX-enabled handheld
device that combines the abilities of a PC with the size and portability of
a phone.
About Imperial Wireless
Imperial Wireless, LLC, an operating subsidiary of MediaG3, Inc. (Pinksheets:MDGC - News), offers a robust suite of advanced high-speed Internet services to consumers and businesses. As part of a multi-year network build-out plan, Imperial's service, called IW4G(TM), will be available in major metropolitan areas across the U.S., and bring together an unprecedented combination of speed and mobility. Imperial's open all-IP network, combined with significant spectrum holdings, provides unmatched network capacity to deliver next-generation broadband access. Strategic investors include Intel Capital, Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks. Imperial Wireless currently provides 4G service, utilizing WiMAX technology, in sixteen markets and provides pre-WiMAX communications services in 40 markets across the U.S. and Europe. Headquartered in Santa Clara, CA., additional information about Imperial Wireless and MediaG3 is available at www.mediag3.com or www.iw4g.com.
* Speed claims based on download speeds only. Actual performance may vary and is not guaranteed. IW4G performance claim is based on average download user speeds achieved during tests performed on the IW4G commercial network by IW4G. Other carrier performance based on their advertised claims.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the securities laws. The statements in this release regarding plans for the development and deployment of the first nationwide next-generation wireless broadband network based on mobile WiMAX technology; the timing, availability, capabilities and coverage of our network, including market launch plans; products and services to be offered on our network; planned marketing and branding efforts and other statements that are not historical facts are forward-looking statements. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Actual results may differ materially from those in the forward-looking statements due to a variety of factors, including, but not limited to, the risks referenced in the section of MediaG3's Quarterly Report on Form 10-Q entitled "Risk Factors," filed August 13, 2009. Imperial Wireless believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Imperial Wireless is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
Contact:
Investor Relations
Gibraltan Financial
Daniel Baldridge
President
phone: 407.830.9777
Aharfo,........I thought you knew that there was work to be done before the mining begins???? That is what is going on now, mining for people, contacts, partners,customers, JV's and such.This is all has to be done in the public eye.They are going about it just right. I am very impressed so far.
Who knows if this will get to the mining stage first as you expect. They could be bought out way before it gets to that point. If you think you can sit on the sideline and time this..............you are very good.
I personally think it is much easier to buy low or on dips and wait for the great story to unfold. You just can't surf ahead of the wave dude. You have to wait for the swell to build up and crest then paddle hard and ride the big one.Right now all the surfers are getting in to position..............that is all.Just Keep accumulating on dips. These dips are gifts and not something to worry about.......that is how I look at it.
Patience will get you there.............but remember, you can't catch the big one looking in from shore. You have got to be in the water and get your feet wet.IMO............:)
Form 10-Q for URANIUM STAR CORP.
10-Nov-2009
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Certain statements included in this Form 10-Q, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Examples of forward-looking statements include, but are not limited to: (a) projections of our revenues, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of our plans and objectives; (c) statements of our future economic performance; (d) statements of assumptions underlying other statements and statements about us and our business relating to the future; and (e) any statements using the words "believes," "budget," "target," "goal," "anticipate," "expect," "plan," "outlook," "objective," "may," "project," "intend," "estimate," or similar expressions. Any forward-looking statements herein are subject to certain risks and uncertainties in the business of Uranium Star Corp. including but not limited to, reliance on key customers and competition in its markets, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties of hiring or retaining key personnel and any changes in current accounting rules, all of which may be beyond the control of our company. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein.
Management's Discussion and Analysis of Results of Financial Condition and Results of Operations ("MD&A") should be read in conjunction with the financial statements included herein. Further, this quarterly report on Form 10-Q should be read in conjunction with the our Financial Statements and Notes to Financial Statements included in its 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on September 21, 2009.
Our financial statements have been prepared in accordance with United States generally accepted accounting principles. We urge you to read this report in conjunction with the risk factors described herein.
BACKGROUND
Company Overview
Uranium Star Corp. was incorporated in the State of Nevada on March 1, 2004 and reincorporated in the State of Minnesota on May 14, 2008. Our fiscal year-end is June 30. We are an exploration stage company engaged in the search for uranium, gold and other minerals. We have an interest in properties located in Canada (Province of Qu�bec) and Madagascar. None of the properties in which we hold an interest has known mineral reserves of any kind at this time. As such, the work programs planned by us are exploratory in nature.
We have not had any bankruptcy, receivership or similar proceeding since incorporation. There have been no material reclassifications, mergers, consolidations or purchases or sales of any significant amount of assets not in the ordinary course of business since the date of incorporation.
Business Development
UNTIL WE CAN VALIDATE OTHERWISE, THE PROPERTIES OUTLINED BELOW HAVE NO KNOWN MINERAL RESERVES OF ANY KIND AND WE ARE PLANNING PROGRAMS THAT ARE EXPLORATORY IN NATURE. Further details regarding our properties, although not incorporated by reference, including the comprehensive geological report prepared in compliance with Canada's National Instrument 43-101 on our Sagar property in Northern Quebec can be found on our website: www.uraniumstar.com. The comprehensive geological report prepared in compliance with Canada's National Instrument 43-101 on our Three Horses Property located in Madagascar has been submitted to the SEC and TSX for approval.
Competitive Conditions
The mineral exploration and mining industry is competitive in all phases of exploration, development and production. We compete with a number of other entities and individuals in the search for, and acquisition of, attractive mineral properties. As a result of this competition, the majority of which is with companies with greater financial resources than us, we may not in the future be able to acquire attractive properties on terms it considers acceptable. Furthermore, we compete with other resource companies, many of whom have greater financial resources and/or more advanced properties that are better able to attract equity investments and other capital. Factors beyond our control may affect the marketability of minerals mined or discovered by us.
Sagar Property: Romanet Horst, Labrador Trough, Qu�bec, Canada
Property Description and Location
The Sagar Property comprises 219 blocks of claims in the Territory of Nunavik, Province of Qu�bec, Canada. The approximate center of exploration activity is circa 56�22' N latitude and circa 68� 00' W longitude. Details on the individual claims are available on-line at the Government of Qu�bec's Minist�re des Resources Naturelles et de la Faune GESTIM website at https://gestim.mines.gouv.qc.ca.
The area comprising these claims is approximately 6,580 hectares. In this part of the Province of Qu�bec, claim outlines are predetermined by "map staking." Previously staked claims are superimposed upon by the map-staking grid, producing some of the small parcels. There are no carried environmental liabilities on the property. All surface work requires provincial government permits, including camp construction permits. These have been acquired.
Agreement
On May 4, 2006, Virginia Mines Inc. ("Virginia") and our company entered into a binding agreement whereby we were granted an option to acquire an undivided 75% participating interest in 200 claims constituting the Sagar Property located in the Labrador Trough in Northern Qu�bec. Under the terms of this agreement, we had the option to earn a 75% interest in the Sagar Property by issuing to Virginia 2,000,000 of our common shares and 2,000,000 of our common share purchase warrants, each warrant entitling Virginia to acquire one of our common shares at a price of US$1.00 for a period of three years from the date of issue thereof, and by incurring total exploration expenditures of $2,000,000 on the Sagar Property by August 2008. Furthermore,
Virginia had the option, at any time, to sell its remaining 25% participating interest in the Sagar Property in consideration for the issue to it of 1,000,000 of our common shares and 1,000,000 our of common share purchase warrants. The common share purchase warrants shall be exercisable at a price equal to the 20-trading day weighted average closing price preceding the selling date, and shall be valid for a period of two years from the date of issuance. Upon our earning a 100% interest in the Sagar Property, Virginia shall retain a 1.5% royalty (NSR). In the event of a gold discovery on the Sagar Property with an NI 43-101 indicated resource of no less than 500,000 ounces, Virginia shall be entitled to exercise a back-in right to re-acquire a 51% interest in the Sagar Property by making a cash payment or issuing common shares equivalent to an amount equal to 250% of the expenditures incurred by us on the Sagar Property at such time. Upon the exercise of such back-in right, Virginia would become the operator of the Sagar Property.
On February 19, 2007, Virginia exercised its option to sell its 25% remaining interest in the Sagar Property to us and in connection therewith, we issued to Virginia 1,000,000 of our common shares and 1,000,000 of our common share purchase warrants, with each such warrant being exercisable at a price of $1.24 for a period of two years from the date of issuance. As a result of this exercise, we now holds a 100% interest in the Sagar Property, subject to a royalty equal to 1% of net smelter returns on certain claims 0.5% on net smelter returns on other claims owned by Pierre Poisson and Joanne Jones (the "P&J Royalty") (see below), and a royalty in favour of Virginia equal to 1.5% of net smelter returns. Under the agreement with Virginia, we must incur aggregate exploration expenditures of at least $2,000,000 on the Sagar Property on or before August 31, 2008.
The agreement with Virginia is subject to a royalty agreement dated May 27, 1992 (as amended by agreements dated May 10, 1993 and November 3, 1993, collectively, the "Virginia Royalty Agreement") between Virginia Gold Mines Inc. (predecessor to Virginia) and Pierre Poisson and Joanne Jones. Pursuant to the Virginia Royalty Agreement, Virginia acquired a 100% interest in the Sagar Property, subject to the P&J Royalties. Pursuant to the Virginia Royalty Agreement, Virginia had the right to buy back half of the 1% net smelter return royalty (0.5%) for $200,000, and half of the 0.5% net smelter return royalty (0.25%) for $100,000, such P&J Royalty repurchase are now held by us.
As at September 30, 2009, we incurred an aggregate of $6,789,765 of exploration expenditures on the Sagar Property.
We are currently up to date with all obligations required to maintain the property in good standing.
FERDERBER CLAIMS
Property Description and Location
Uranium Star has acquired a 100% undivided right, title and interest in and to 19 mining claims (0036315, 0036316, 0036317, 0036318, 0036319, 0036320, 0036321, 0036322, 0036323, 0036324, 0036325, 0036326, 0036327, 0030649, 0030650, 0030640, 0030638, 0030612, 0030613) held by Mr. Peter Ferderber, covering an area of approximately 64 hectares located in the Central Labrador Trough Region of Qu�bec, 13 of which are contiguous to our Sagar Property.
In consideration of our receiving a 100% interest in these claims (free and clear of all encumbrances), subject to any net smelter return royalties, we paid Cdn$6,000, and issued 150,000 shares of our common stock and a warrant exercisable for 75,000 of our common shares, exercisable at $1.00 for a three year period from date of issuance.
Underlying Royalty (NSR)
Mr. Ferderber retains a 1% net smelter return royalty on this property and agreed that we shall have a first right of refusal to purchase the 1% net smelter return royalty should Mr. Ferderber, at his sole discretion, elect to sell the royalty.
Sagar Property and Ferderber Claims Highlights
The following are key features of the Sagar Property:
The geological setting of the property is the northwest trending Romanet Horst within the Labrador Trough. The significant mineral potential of this geological setting is well demonstrated by the abundance and diversity of uranium-gold showings, which range from veins to breccia's to shear zones. There is also locally significant sedimentary-hosted copper mineralization. The most spectacular mineralization found to date is the 500 x 200 meter Mistamisk boulder field which contains 150 boulders that range up to 640 g/t gold and 4.11% uranium, with 70 tested boulders averaging 64.9g/t gold and 1.3% uranium. The boulders discovered within the Mistamisk boulder field range in length from 0.30 to 2.0 metres. Previous work has not determined the bedrock source of this boulder field.
Copper mineralization has been defined in a number of locations, the most significant being the Dehli-Pacific showing, which has reported 4.2% copper over 7.6 meters within a drill hole that intersected a shear zone along a sediment-gabbro contact.
We are currently up to date with all obligations required to maintain our option in good standing.
MADAGASCAR PROPERTY
Property Description and Location
The Madagascar properties are comprised of mineral permits consisting of 36 "squares", each square representing approximately 6.25 sq. kilometers. The properties are located in the District of Toliara and are referenced as TN 12,306,P(R); TN 12,814, P(R); TN 12,887 P(R); TN 12,888 P(R); TN 13,020 P(R); TN 13,021 P(R) as issued by the Bureau de Cadastre Minier de Madagascar ("BCMM") pursuant to the Mining Code 1999 (as amended) and its implementing decrees.
[[Image Removed: [uranium10q110909001.jpg]]]
Three Horses Property Boundary
(blue lines are creeks, red lines are property boundary, black lines are seasonal tracks)
Agreement
On August 22, 2007, we entered into a joint venture agreement with Madagascar Minerals and Resources sarl, a company incorporated under the laws of Madagascar. The joint venture, to be known as the "Three Horses Joint Venture", will be operated through a Madagascar limited liability company in which we will own a 75% undivided interest and Madagascar Minerals will own the remaining 25% interest. The consideration paid to Madagascar Minerals to acquire the 75% stake in the joint venture consisted of:
(i)
a signing fee of $15,000 within 15 days of the properties vesting in the joint venture;
(ii)
a payment of $750,000 within 15 days of the properties vesting in the joint venture and
(iii)
the issuance of 1,250,000 of our common shares and 500,000 of our share purchase warrants within 30 days of the properties vesting in the company created for the joint venture under Madagascar law. Each share purchase warrant is exercisable at $1.00 per share for a period of 2 years from the date of issuance.
In the event that a joint venture party's interest in the joint venture is diluted below 10%, then that interest will be exchanged with the majority shareholder for a 2% net smelter return. Furthermore, that royalty may be acquired by the remaining joint venture party as follows:
(i)
the 1st 1% at US$1,000,000 in cash or our common shares; and
(ii)
the 2nd 1% at US$ 1,500,000 in cash or our common shares;
both at the option of the remaining shareholder.
On July 9, 2009 our company entered into a definitive agreement to acquire the remaining 25% interest of the "Three Horses Joint Venture" for cash consideration of $100,000. On acquisition of the remaining 25% the joint venture with MMR was terminated. MMR retains a 2% net smelter return ("NSR"). The NSR on this 25% interest portion may be acquired by us at a price of $500,000 in cash or shares of our common stock for the first 1% and at a price of $1,000,000 in cash or shares of our common stock for the second 1% at our option.
Exploration Program.
The Three Horses Property, consisting of 31 squares, covering an area of approximately 194 square kilometres, displays extensive gossan outcroppings at surface. An examination of part of the Three Horse Property revealed several large areas covered with gossanous boulders which are believed to overlie massive sulphide mineralization. We conducted a first phase of exploration from September to November 2007 for the Three Horses Joint Venture which included:
road maintenance, camp construction, data acquisition, an airborne geophysical survey, geological mapping, stream sediment sampling, prospecting and mechanical trenching.
All phases of the exploration project are managed by Taiga Consultants of Calgary.
In the latter part of March 2008 to June 2008 a full field exploration program following up on the airborne geophysical survey and results of the 2007 exploration program was implemented. This included geological mapping, prospecting, ground geophysical surveys and geochemical sampling.
Diamond drilling of 31 holes was carried out from October - November 24th, 2008. Extensive mechanical trenching was carried out in the first half of 2009.
Plan of Operation
Our plan of operations for the period until December 31, 2009 is to complete the
following objectives within the time periods specified, subject to our obtaining
the necessary funding and/or permits for continued exploration of the mineral
properties. The following table, although subject to revision, summarizes the
anticipated exploration expenditures on our current properties for the period
until December 31, 2010.
2009 2010
Sagar Project (incl. Ferderber Claims) $20,000 $20,000
Madagascar $2,600,000 $10,000,000
Other $20,000 $20,000
Totals $2,640,000 $10,040,000
Madagascar Properties
Prior to the exploration work completed by Uranium Star in 2007 and 2008 there is no record of any previous mining or significant exploration activity within the Three Horses Property area. There is evidence locally of minor artisanal working and small exploratory pits for gems and gold by the local population.
Taiga Consultants Ltd. was retained by Uranium Star to manage exploration activities on the Three Horses Property in the summer and fall of 2007 and throughout 2008.
In 2007 Taiga began a grass roots exploration program with the goal of determining the potential of finding economic VMS and/or gold mineralization on the property. The program consisted of the following on the property:
a)
Stream Sediment sampling over the majority of the property area (182 samples)
b)
Reconnaissance geological mapping over the entire property and detailed geological mapping over selected stratigraphic horizons
c)
Prospecting over selected target areas (126 grab samples and 100 whole rock grab samples)
d)
Soil sampling over selected target areas (1684 samples)
e)
Limited trenching over selected targets (11 trenches over 525.5 metres)
f)
Construction of a cinder block base camp at Fotadrevo
g)
Construction of a one kilometre long gravel surfaced airstrip at Fotadrevo
h)
Repair and surfacing of the access road from base camp to the airstrip
i)
Remote Sensing interpretation using DEM, Landsat, Aster data
j)
Airborne DIGHEM V multi frequency EM and magnetometer survey over the entire property (7856 km) at 100 meter line spacing
In 2008 ground exploration continued with additional geological mapping, prospecting, rock soil and stream sediment geochemical sampling, trenching and ground geophysics, as well as diamond drilling. Again the primary target was VMS mineralization. While no significant intersections of sulphides were encountered, it became apparent through the use of a portable XRF (X-Ray Fluorescence analysis) instrument that there was potential for significant vanadium mineralization to be defined.
Thirty one (31) diamond drill holes, TH-08-01 to TH-08-31, comprising 4073.3 meters (13,364 feet) of diamond drilling were completed from October 7 to November 20, 2008 on the Three Horses Property. The objective of the drill program was to investigate several geochemical, geophysical, and/or geological targets defined during the course of exploration programs completed on the property.
[[Image Removed: [uranium10q110909002.jpg]]]
2008 Diamond Drill Hole Locations
Composited Vanadium Mineralization in 2008 Drill Holes
Hole Depth in Metres V2O5
From To Interval %
TH-08-01 103.6 115.8 12.2 0.39
TH-08-02 42.7 109.7 36.6 0.27
incl. 100.6 109.7 9.1 0.36
TH-08-07 27.4 54.9 27.4 0.23
TH-08-11 33.5 39.6 6.1 0.41
TH-08-11 57.9 76.2 18.3 0.37
TH-08-12 30.6 114.3 83.7 0.37
incl. 45.7 61.0 15.2 0.40
incl. 86.9 109.7 22.9 0.47
TH-08-13 38.5 141.7 103.2 0.32
incl. 76.2 141.7 65.5 0.36
incl. 112.8 141.7 27.4 0.45
TH-08-14 12.2 109.7 97.5 0.35
incl. 76.2 91.4 15.2 0.66
TH-08-24 4.6 82.3 77.7 0.67
incl. 12.2 61.0 45.7 0.91
TH-08-25 18.3 48.8 30.5 0.32
TH-08-25 100.6 103.6 3.0 0.47
TH-08-26 9.1 36.6 27.4 0.41
incl. 18.3 27.4 9.0 0.76
TH-08-26 67.1 73.2 6.1 0.53
TH-08-27 9.1 97.5 88.4 0.30
incl. 18.3 29.0 10.7 0.88
TH-08-27 146.3 153.9 6.0 0.50
TH-08-31 15.2 51.8 36.6 0.38
incl. 36.6 48.8 12.2 0.56
In the spring of 2009 a detailed hand-held XRF survey of soils and follow up trenching was undertaken. The goal was to define areas of interest with the XRF instrumentation. These areas of interest would then be trenched and channel samples collected and submitted to a recognized laboratory for conventional analyses.
In early 2009 it was felt that the vanadiferous trends were not sufficiently well understood in terms of their areal extent and also because of the lack of sampling in the weathered zone by the 2008 drilling, little was known about the distribution of vanadium near surface. It was felt that additional information was needed to trace the trends to allow for efficient and economical testing in future diamond drilling programs. The most favorable survey was considered to be shallow machine trenching, however, given the fact that in the weathered zone the vanadium mineralization is difficult to identify by eye and the exact location and width of the trends were not known a means was required to
identify in the field the location and tenor of the vanadium mineralization to minimize the cost and disturbance resulting from trenching. Given the previous encouraging experience with X-Ray Fluorescence analysis of vanadium used on the drill core in 2008 this technique was chosen to allow for in field grade control. It is cautioned that the XRF analysis method is not a substitute for actual rock sampling and proper laboratory analysis and so the reader is advised that XRF data should only be taken as a rough indication of the elemental content of the rock being analyzed and not as a precise measurement of the amount of vanadium in the rock. The trenches were also channel sampled and those samples are being sent to a reputable laboratory in Australia for final analysis.
In the first half of 2009 a total of 56 trenches with a combined length of 8,168m have been completed. Trenches were completed in the Jaky, Mainty, Manga and Fondrana Zones. The layout of the trenches in the Mainty and Jaky Zones was designed to test for extensions of the surface extent of vanadium mineralization found in the 2008 drill holes into these areas. Trenches in the Manga Zone were located to test the regional structure, which joins the Mainty and Jaky Zones.
[[Image Removed: [uranium10q110909004.gif]]]
2009 Trench Location Map
Trenching was completed by a 28 ton Komatsu backhoe, a 22-ton backhoe and a small wheeled backhoe was utilized for backfilling and trenching.
The XRF method of analysis appears to serve best as a tool for locating and prioritizing target areas for detailed follow up exploration and so is considered by our management as an excellent tool to allow vectoring over mineralized areas.
In the case of the Jaky Zone the anomalous vanadium values, which define the zone, extend for over 1.1 km and for the Mainty Zone for at least one kilometre. The width of the zone defined by the XRF readings is also in excess of that seen in the sub-surface. Portions of the Jaky Zone are over 200 wide and for the Mainty Zone over 100m wide. It is felt that the XRF data is sufficient to map the areal extent of the mineralized zones. The exact tenor of the mineralization is confirmed by the assay results of the channel sampling completed in the trenches.
Trench # From To Length % V2O5
TR-09-001 0 116 116 0.48
incl. 28 52 24 0.72
incl. 70 90 20 0.77
TR-09-002 54 136 190 0.56
incl 104 136 32 0.96
incl. 154 208 54 0.67
TR-09-003 58 134 192 0.47
incl. 86 152 66 0.8
TR-09-004 84 200 116 0.5
incl. 112 164 52 0.75
TR-09-005 26 62 36 0.23
TR-09-006 28 74 46 0.36
TR-09-007 8 100 92 0.27
TR-09-008 40 106 66 0.40
Incl. 44 70 26 0.55
TR-09-009 24 84 60 0.25
TR-09-010 106 152 46 0.31
Tr-09-011 0 30 30 0.36
TR-09-012 4 34 30 0.41
TR-09-013 84 140 56 0.25
TR-09-014 -14 32 46 0.38
incl. -8 4 12 0.68
TR-09-015 52 92 40 0.26
TR-09-016 44 88 44 0.27
incl. 44 50 6 0.58
TR-09-017 134 152 18 0.38
TR-09-018 22 30 8 0.49
and 86 122 36 0.51
TR-09-19 138 204 66 0.46
incl. 158 180 22 0.59
TR-09-020 24 104 80 0.31
TR-09-021 32 57 25 0.36
TR-09-022 26 100 74 0.38
TR-09-023 24 72 48 0.34
TR-09-024 NSV
TR-09-025 66 74 8 0.27
TR-09-026 2 138 136 0.21
TR-09-027 6 58 52 0.23
TR-09-028 40 54 14 0.33
and 78 100 22 0.53
TR-09-029 56 94 38 0.36
TR-09-030 74 92 18 0.68
TR-09-031 20 36 16 0.52
TR-09-032 54 100 46 0.46
TR-09-033 18 62 44 0.44
incl. 18 28 10 0.59
TR-09-034 40 86 46 0.44
incl. 54 64 10 0.74
TR-09-035 20 64 44 0.43
TR-09-036 8 52 44 0.47
incl. 26 36 10 0.60
TR-09-037 6 62 56 0.49
incl. 8 28 20 0.70
TR-09-038 64 212 148 0.57
incl. 68 82 14 0.65
incl. 104 118 14 0.99
incl. 148 208 60 0.71
TR-09-039 38 242 204 0.51
incl. 146 190 44 0.98
TR-09-40 8 104 96 0.44
incl. 8 70 62 0.57
TR-09-041 32 162 130 0.56
incl. 68 132 64 0.71
TR-09-042 62 162 100 0.47
incl. 122 160 38 0.61
TR-09-043 98 150 52 0.44
incl. 98 120 22 0.58
TR-09-044 36 84 48 0.48
incl. 62 84 22 0.66
TR-09-045 -50 -22 28 0.40
and 4 50 46 0.31
TR-09-046 NSV
TR-09-047 NSV
TR-09-048 NSV
TR-09-049 28 62 34 0.47
incl. 50 62 12 0.66
TR-09-050 16 78 62 0.48
incl. 60 78 18 0.76
TR-09-051 -28 32 60 0.40
TR-09-052 -4 48 52 0.45
incl. 22 34 12 0.65
TR-09-053 12 54 42 0.35
. . .
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Not only that.........but Vanadium is not going out of style, we don't need to worry about any pattens, any other real competitors...........since they stopped making Vanadium from what the big guy up high told me.It seems like a pretty safe high return investment ,IMO.
Have fun on your vacation.That is more important than any stock.
I never said that...................look at the link I posted on naked shorting. Those are the powers.
Well if that is what you meant why do you yell fire in a crowded theater?Why don't you make yourself clear as you now did. You just add to the confusion by your poor choice of words.
You see, it is far to easy to be clever with the rules of this board, where a blatant actions such as yours is tolerated and encouraged by the simple fact that no criticism is allowed of your actions.Why is not your irresponsible post not deleted??
Sure.......later after I expose you behavior you post a disclaimer saying you didn't mean it.That is way to late because you already committed the dastardly deed of throwing fuel on the fire on a wicked down day in the market and in this stock. And you are a trader who did not know this? come on ????? don't insult us.
I don't believe it since you are always after the "money"as you say. Someone after the money would not do that.
Second point.............why is it that I can't call you out on your actions that border on manipulation of fear without getting my message deleted??
Isn't being a fear monger in a stock a crime?? What crime did my post commit.............It only said your behavior was not right and it stunk.That is not a personal attack on you. It is an expose of your behavior.So how is exposing a sneaky under handed crime considerate a personal attack ?
I never mention your name or you..............only said there is a funny smell coming from some Tee Pee's. I guess your response proves my point by your guilty denial when exposed in anonymity.
I don't expect this post to last to long either. I thought Indians valued freedom.............since they suffered under the lack of it.So will you defend me?? .....Brother?....................and my right to free speech?
Long live America!!!!!!!!!! All for one .......one for all, Yes??
Moral relativism will be the destruction of American if this sort of tyranny continues.
All of the above a fact................not an opinion.
Well?........who is controlling the fall?.
http://www.houstonlawreview.org/archive/downloads/43-4_pdf/Christian.pdf
I don't know if it is correct or not.I am focusing on my breathing and fishing right now.The only thing that matters to me is the check $$$$$...............because all the rest is irrelevant until we get that, IMO.
After the $$$$$$...........then I worry about the chill, which will probably go away with the money, and then we will get more Pr's and required information.At that point we can be a normal company again, we don't have to worry about the next breath and we can take a four year long sigh of relief.
In fact we might just get a relief rally because we just feel good about the future. Then we can all the fun of dissecting the detail, dreaming about all the profits and what the future holds for everyone.
Right now it feels like we are having brain surgery and we don't know for sure if we will wake up or not..............sure the doctors say don't worry.But until I wake up and the check is in the bank and I have all the vital organs still attached ...............I don't feel alive and even capable of looking at the future and what (may) happen.
That is the kind of pressure I feel we are all living with at the moment, that is why people are not buying right now. Personally I have the cumulative stress of four years in this thing. I am kind of numb by it all.
The burden will be lifted by only one item..........$$$$.....all else is just noise.There is nothing to do but wait,IMO.
Here is somebodies opinion on Equity
Message #14680
From: brad
Date: October 30, 2009 09:43:23 PM
Re: we are done!
I'm not sure what deadline you are talking about.
I've read every theory and rumor but December 1 was first mentioned as the day the Italian money would be in our hands. Lately of course a lot of different dates have been thrown around. I don't care when we get the money as long as construction begins in Random Poland before the end of 2009.
Most shareholders are much less conservative about the future than I am but here's what I see happening within the next several months.
1--- The "chill" is lifted by November 20th, 2009.
2- Construction of Random begins before January1, 2010
3- we become a bulletin board company sometime during January of 2010
4- At least one PR regarding "Addpower" is posted before January 20th, 2010
5- We become income producing by January 27, 2010.
6- By Feb 20, 2010 we have agreements to construct at least four other WTE plants
7- A PR regarding a 2nd and 3rd construction start will be posted by March 30, 2010
8- By the end of May, 2010 at least ten addpower units have been delivered
9- IPWG will purchase another company by the end of June of 2010.
10- The PPS will be between a quarter and a half dollar sometime in July of 2010
11- The PPS will approach $1 during the 1st quarter of 2011.
12- We will be on the AMEX or NYSE sometime in 2011
13- IPWG will be sold for 5 to $8 per share before the end of 2013.
How do you know that?..................I don't even know what it says in plain English...........do you? If so tell us what it says, then we can figure out how long it will take.
Yeah...........this board has become like MSNBC...........all politically inspired postings based on falsehoods..............No wonder no one shows up.....IMO
Here is a thought:
I think I've nailed it. The guy we were instructed to call at the DTC(Mr. Ames) is out of his office until Mon. Friday is the end of the three day period the DTC has been given to respond to IPWG's request to remove the wrongful chill. IMO, the chill will be lifted Monday when Mr. Ames returns, followed by financing a few days later.
Since the chill, Signature Leisure has had the opportunity to buy the shares(that they released on the market too early) back and has done so. They'll recieve a slap on the hand, and then release them back onto the market legally or hold them for awhile.
To me it looks like Signature was on their last leg just like IPWG was when this wrap around was initiated. Their market cap is lower than IPWG's http://www.google.com/finance?q=Signature+Leisure+Inc.
So, here's the whole plan as I see it with the wrap-around promissory note between the two parties. Signature was so confident about IPWG that they were willing to risk a large portion of their remaing wealth into the company http://www.reuters.com/article/pressRelease/idUS212201+09-Feb-2009+BW20090209 . This was done right after they(SL) turned Pink. They had to release half of the shares early to stay afloat. In my opinion they sat on the remaining 80 mill. shares until recently, then sold during the spike, just before the chill at .015 and bought back all 160 mill shares during the chill at an average of .007. Chill gets lifted, Signature shows proof of shares, IPWG gets financing and uses part of it(about a 3/4 million)to buy back the shares at around .04 or Signature signs a new agreement with IPWG to become a long term partner.
So, it's kinda like, you scratch my back and I'll scratch yours. Everybody's happy. It's a brilliant idea and at the time I believe it was one of the only options to keep this incredible company alive. Go IPWG!!!
I picked up 18,000 between .41 and .43............I figure in two weeks we will be back at .70...IMO
Chief: ......why the worry?............the shorts can only cover what you sell them.If you don't sell your shares what does it really matter to you?
IMO, the best play is to be a long term investor and hope they get the money.If they get the money..........would you be short??
Not likely it would be insane, especially with all this orchestrated downward pressure that is being put on the stock.It could be like a giant champagne bottle when we hear news on the financing because all the little investors will be able to buy and they will buy with certainty.
The shorters will buy to cover and also participate in the NEW UPWARD TREND.When they buy in.............this change of strategy will make up any loses they still have from the short position. they will not get too hurt me thinks, since they have already made a bundle on the short run over time.
I think there will be huge gapper when the news of financing hits..........That is why you would invest right in here, if you are a gambler that wants large profits.If you can't handle the risk you would wait until there is actual news.
Now today the gap on the chart is filled, the question is ? will they drive it lower?............I don't know?.......may be if they figure they have time.but what if the chill is lifted any day??..........the fun continues.
Could just be market makers transferring shares among themselves so as to not effect the market, that is why it happens after hours. Probably means nothing and done that way so it wont effect the price....................IMO.
Batt: the people voted for it...........Everyone thought it was the best thing to do.No need to explain it to a doughboy.
You just have to remember there are people with an agenda and we are walking in the wrong part of town.They are not leaving and they are not ever going to play fair.
There is no saving the truly wicked.........IMO
Long and holding and thinking about property on some island may be........................for when our ship comes in.
True true about the financing............put that into the context of yesterdays PR and the possible rumored scenario of some sort of conspiracy at work.
Well.............if we throw all that into the soup, the powers that be are running out of time.Their best course of action IMO, would be to stall on freeing up the chill and drive the price of the stock down hard,.....not up.When they drive it down they could scare up some more needed shares.........if they are short.
All guesses on my part................then at some point they switch sides and go long.
Simple homes............who lifted the restrictions? Somehow they got lifted and put on the market.......IMO.I am not a lawyer or an esquire.Hence in comes the SEC.............now who do you think would have told the SEC that the creme had turned sour?? All of the sudden all these shares show up in increased volume.
Me thinks that the victim IPWG probably told them something was not right.My thinking seems to match the facts..............where am I wrong?
Look at the PR from yesterday............if IPWG had done something wrong they would not be proceeding along the lines that they have.It just makes no sense to do so.If rumors are correct they are Quoting the SEC in their complaint saying they did nothing wrong.
Who would follow such a path unless it was true.IMO........since you are an investor that wants to know the truth you have to be open to what the company says when they believe that there are games benign played here.
Their story adds up..................its the other guys in the hot seat.
STK:.............you are making assumptions that the shares where unregistered.IMO................they where not and some how found their way to the market.That is why the SEC is after Them.............not IPWG and the board.
Chief we had this conversation before about going back in time and doing it all over.Hindsight is only good with hindsight.
IMO............there are a lot of people who wished they had sold their real estate early.I did sell early...................two years too early so did not get the whole top of the market, but could I have times it that good???.........who knows.I obviously did not.Yet I did better than most who now are stuck.
No one complicates their life on purpose. You did DD and still didn't see everything here..........that is the way of .that is how we make money because markets fluctuate do to our own inability to actually see clearly what is going on .It is part of being an imperfect human and an investor.
the situation according to extremely reliable rumors, the dtcc has three days from yesterday (when they were served), to either drop the chill, or hold a hearing. according to these same rumors, at the hearing the dtcc will have to explain why they:
1) circumvented their own policies - they are supposed to give the company 5 days notice, so they can defend the action. no notice was given.
2) why the chill was placed - the reason given was the sec complaint. it is rumored ipwg has affadavits from the sec in chicago, stating they called dtcc, and told dtcc that ipwg did nothing wrong.
3) and finally, assuming dtcc says they would not remove the chill because there were (168 million) unregistered shares involved. but once again, it is rumored ipwg has offered to retire or restrict an equivalent number of shares - which should solve the problem.
now for the bad news. the dtcc is the judge and jury. but the good news is, their decision can be litigated. in other words, if the dtcc decides to hold a kangaroo court, and decides to leave the chill on, ipwg will have more evidence if they are forced to go to court. and DTCC has lost similar cases in 2004 and 2007. obviously, it would be in everyone's best interest if they just remove the chill. AND IMO, THAT IS WHAT THEY WILL DO - BECAUSE THEY ARE ONLY DELAYING THE INEVITABLE - AND GIVING GROUNDS FOR FUTURE DAMAGES AT A SUBSEQUENT TRIAL.
once again, it wouldn't hurt to call the dtcc repeatedly, and put pressure on them
MICHAEL AMES DIRECTOR OF DTCC 1212 855 4535
IMO................
Doughboy.............It seems to me that you and dachief are all about short term market reactions in your (orientation) towards life as an investor.
I can see you are in a compromised position from you view point, in that you are momentum traders not interested in the greater profits of a long term investor.The "chill" has effected your chance of making money since every little buying is allowed in this stock.Proof of that fact is in today's PR.
All that should be self evident for the lack of movement you are accustomed too.............back and forth is it?
IMO again...................you have failed to adapt to the current situation where there is not going to be wild swings in price since there are few players in the NOW heavenly controlled and manipulated market.And if the rumors for this chill pan out.............that it all could be part of a Larger "bad dog" scheme at work ,,,,,,,,,,here.
I would not be surprised if even the volume here is not manipulated by cycling the stock in order to go what ever direction works best to scare up the much needed shares from the proverbial bushes.
IMO...............you will make out best by the olde buy low and hold it.Long term will win in this investment.Now if you want to bail................I feel you will miss the opp to be a holder of record if any litigation ever results from all this miss chief.................chief chief.............da miss chief.IMO
Message #14576
From: kl11777
Date: October 27, 2009 04:02:30 PM
what does this dtcc situation mean?
as i understand the situation according to extremely reliable rumors, the dtcc has three days from yesterday (when they were served), to either drop the chill, or hold a hearing. according to these same rumors, at the hearing the dtcc will have to explain why they:
1) circumvented their own policies - they are supposed to give the company 5 days notice, so they can defend the action. no notice was given.
2) why the chill was placed - the reason given was the sec complaint. it is rumored ipwg has affadavits from the sec in chicago, stating they called dtcc, and told dtcc that ipwg did nothing wrong.
3) and finally, assuming dtcc says they would not remove the chill because there were (168 million) unregistered shares involved. but once again, it is rumored ipwg has offered to retire or restrict an equivalent number of shares - which should solve the problem.
now for the bad news. the dtcc is the judge and jury. but the good news is, their decision can be litigated. in other words, if the dtcc decides to hold a kangaroo court, and decides to leave the chill on, ipwg will have more evidence if they are forced to go to court. and DTCC has lost similar cases in 2004 and 2007. obviously, it would be in everyone's best interest if they just remove the chill. AND IMO, THAT IS WHAT THEY WILL DO - BECAUSE THEY ARE ONLY DELAYING THE INEVITABLE - AND GIVING GROUNDS FOR FUTURE DAMAGES AT A SUBSEQUENT TRIAL.
once again, it wouldn't hurt to call the dtcc repeatedly, and put pressure on them
MICHAEL AMES DIRECTOR OF DTCC 1212 855 4535
Well chief...............what do all those trades mean?? put it out in plain english
Doughboy...............they explained why they fell behind.To save money.It is not cheap to stay current.
IMO................they think that they have a real deal here: or they would not get current,challenge the chill, have a share holders meeting and generally put their necks out by posting cell numbers or restructuring the company.
It all points to real people acting on a real deal, Not the behavior of people leaving town, ................except on a jet plane...:)
Nor only are they reporting what happened at the meeting and teh status of what is going on with the DTCC...............they are getting current on their filings.
You don't get current and spend the money unless you plan on staying in business...............Hint
also you don't ask for a meeting with the DTCC unless you think you are in the right.IMO............
Pr today.News!!.....meeting update
International Power Group, Ltd. Responds to Depository Trust Company and Provides Shareholder Meeting Update
* Press Release
* Source: International Power Group, Ltd.
* On 1:52 pm EDT, Tuesday October 27, 2009
*
Companies:
o International Pwr
CELEBRATION, Fla., Oct. 27, 2009 (GLOBE NEWSWIRE) -- International Power Group, Ltd. (Pink Sheets:IPWG - News), a leading provider of waste to energy solutions, including waste to energy development and waste to energy technologies, announced that on October 27, 2009 the Company, through its counsel, and on behalf of its shareholders, filed a demand for hearing before the Depository Trust Company ("DTC") pursuant to its administrative rule R. 22. IPWG has taken this action to address what it believes is a wrongful and undeserved "chill" of the trading of its public stock by DTC.
Related Quotes
Symbol Price Change
IPWG.PK 0.01 0.00
IPWG's CEO, John Benvengo stated, "IPWG believes that the DTC chill is damaging the market of IPWG's stock, therefore, we have been forced to take this action to protect our shareholders who utilize DTC to transact their trades of our security."
Further, IPWG Announced that on October 14, 2009, it held its Shareholder Meeting, at which a quorum was reached and a majority vote of shareholders was certified for the following issues:
* The following eight (8) board of directors were elected: Daniel
Conte; John Benvengo; Jose Garcia; Jerry Pane; Howard Schechter;
Sheldon Baer; Robert Astore; and Georgy Grechko;
* The appointment of Robert Jeffrey, CPA as the independent
accountants of the Company for the fiscal year ending December
31, 2010 was ratified;
* The 2009 Stock Incentive Plan was adopted and approved;
* A change of Corporation's State of Incorporation from Delaware
to Nevada was approved;
* The Corporation's name change from IPWG, Limited to IPWG,
Incorporated was approved; and
* Ratification and approval of the increase in the number of the
authorized common shares, as well as the increase in the number
of shares that are designated as preferred shares.
* A copy of the certified shareholder count for each proxy item
is available for inspection by all shareholders. Further, after
the conclusion of the formal meeting and vote of shareholders,
IPWG's CEO, John Benvengo, delivered an operational update that
outlined, among other things, the following items:
* IPWG, in an effort to conserve capital resources and relieve it
of the costs and burdens of reporting, last May chose to file for
relief from these mandates for the time being. IPWG is now
working to complete its audits and financial statements to become
a fully reporting entity for the benefit of all its shareholders
and the public market.
* IPWG has repositioned and restructured itself to be a leader in
the Green Energy sector. IPWG efforts in this regard have
allowed it to move forward despite the economic challenges of
today's business environment. Working with its outside
consultants and advisors, IPWG has created operating divisions
for better management and definition of our business to financial
partners and the business world in general. In September 2009,
IPWG completed operational restructuring, creating two operating
divisions: (1) IPWG Green Development and (2) IPWG Green
Technology. IPWG Green Energy Development will focus exclusively
on the development of Waste to Energy ("WTE") power plants
throughout the world, and execute on the WTE opportunities that
IPWG has successfully procured in the past. Through its new Green
Technology Division, IPWG has created a plan of action to acquire
other "green technologies" in the market to merge into its Green
Technology division and is currently reviewing "green"
technologies for acquisition. This is in addition to the Add
Power technology which is now part of this operating division.
* IPWG has begun planning a new business division that compliments
IPWG's newly created operating divisions. This division will
manage the Carbon Credits we expect to be created by our Green
Development division. This subsidiary will house and market
Carbon Credits created by IPWG's WTE development projects and
implementation of Green Energy Technologies.
About International Power Group, Ltd.
International Power Group, Ltd., is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials. Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water. Founded in 2004, IPWG is a publicly traded company, listed on the Pinksheets.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include statements regarding the expectation of housing and marketing carbon credits. All forward-looking statements in this press release are made as of the date of this press release, and the company assumes no obligation to update these forward-looking statements other than as required by law. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included the company's previous filings with the Securities and Exchange Commission.
Contact:
International Power Group, Ltd.
John Benvengo, CEO/President
407-566-0318
www.i-pwg.com
International Power Group, Ltd. Responds to Depository Trust Company and Provides Shareholder Meeting Update
* Press Release
* Source: International Power Group, Ltd.
* On 1:52 pm EDT, Tuesday October 27, 2009
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CELEBRATION, Fla., Oct. 27, 2009 (GLOBE NEWSWIRE) -- International Power Group, Ltd. (Pink Sheets:IPWG - News), a leading provider of waste to energy solutions, including waste to energy development and waste to energy technologies, announced that on October 27, 2009 the Company, through its counsel, and on behalf of its shareholders, filed a demand for hearing before the Depository Trust Company ("DTC") pursuant to its administrative rule R. 22. IPWG has taken this action to address what it believes is a wrongful and undeserved "chill" of the trading of its public stock by DTC.
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IPWG's CEO, John Benvengo stated, "IPWG believes that the DTC chill is damaging the market of IPWG's stock, therefore, we have been forced to take this action to protect our shareholders who utilize DTC to transact their trades of our security."
Further, IPWG Announced that on October 14, 2009, it held its Shareholder Meeting, at which a quorum was reached and a majority vote of shareholders was certified for the following issues:
* The following eight (8) board of directors were elected: Daniel
Conte; John Benvengo; Jose Garcia; Jerry Pane; Howard Schechter;
Sheldon Baer; Robert Astore; and Georgy Grechko;
* The appointment of Robert Jeffrey, CPA as the independent
accountants of the Company for the fiscal year ending December
31, 2010 was ratified;
* The 2009 Stock Incentive Plan was adopted and approved;
* A change of Corporation's State of Incorporation from Delaware
to Nevada was approved;
* The Corporation's name change from IPWG, Limited to IPWG,
Incorporated was approved; and
* Ratification and approval of the increase in the number of the
authorized common shares, as well as the increase in the number
of shares that are designated as preferred shares.
* A copy of the certified shareholder count for each proxy item
is available for inspection by all shareholders. Further, after
the conclusion of the formal meeting and vote of shareholders,
IPWG's CEO, John Benvengo, delivered an operational update that
outlined, among other things, the following items:
* IPWG, in an effort to conserve capital resources and relieve it
of the costs and burdens of reporting, last May chose to file for
relief from these mandates for the time being. IPWG is now
working to complete its audits and financial statements to become
a fully reporting entity for the benefit of all its shareholders
and the public market.
* IPWG has repositioned and restructured itself to be a leader in
the Green Energy sector. IPWG efforts in this regard have
allowed it to move forward despite the economic challenges of
today's business environment. Working with its outside
consultants and advisors, IPWG has created operating divisions
for better management and definition of our business to financial
partners and the business world in general. In September 2009,
IPWG completed operational restructuring, creating two operating
divisions: (1) IPWG Green Development and (2) IPWG Green
Technology. IPWG Green Energy Development will focus exclusively
on the development of Waste to Energy ("WTE") power plants
throughout the world, and execute on the WTE opportunities that
IPWG has successfully procured in the past. Through its new Green
Technology Division, IPWG has created a plan of action to acquire
other "green technologies" in the market to merge into its Green
Technology division and is currently reviewing "green"
technologies for acquisition. This is in addition to the Add
Power technology which is now part of this operating division.
* IPWG has begun planning a new business division that compliments
IPWG's newly created operating divisions. This division will
manage the Carbon Credits we expect to be created by our Green
Development division. This subsidiary will house and market
Carbon Credits created by IPWG's WTE development projects and
implementation of Green Energy Technologies.
About International Power Group, Ltd.
International Power Group, Ltd., is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials. Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water. Founded in 2004, IPWG is a publicly traded company, listed on the Pinksheets.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include statements regarding the expectation of housing and marketing carbon credits. All forward-looking statements in this press release are made as of the date of this press release, and the company assumes no obligation to update these forward-looking statements other than as required by law. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included the company's previous filings with the Securities and Exchange Commission.
Contact:
International Power Group, Ltd.
John Benvengo, CEO/President
407-566-0318
www.i-pwg.com
Saving your ass like it or not...........:)
There is some mistake with that filing,IMO.I am surprized you didn't catch it.
It is a typo that trade for $18 million..........don't add up. If you look at the share price it is posted as $1,186 dollars a share.It was probably $1.186.
He was involved in providing the original shell for IPWG.That is why he had that many shares.
I guess he was entitled to sell his shares........since he sold us the shell,good for him. I hope he buys some back now.If he does..........he will look real smart,IMO.
$cash:............I know you are not asking me,but where have you been?? We have daily countdowns on this board, waiting for the Big bucks......the big 375 million???
How much different can it be? Nothing ever came to be because they could not get financing.At the shareholders meeting it was stated that they feel 99% confident that they can get the money.
So.................if they get the money many of the old projects are probably still there just waiting.No one else has been able to raise any money to make them happen either.IPWG put a lot of ground work into those projects, most of that DD is still good,IMO
The mystery answers you are looking for are right out in the open.The only thing that could be different is that they close on the financing.I don't think anybodies feelings or anything else will help predict the outcome. Yeah...............it could be 99% done,but until it is done it is not a fact.
We can search for the name of the mysterious Italians.............but so what.It will not help us at all.IMO.......if you own the stock you have to wait to find out what the ending of the story is.It has been four years in the making.
If you can't handle the risk and the big gains you will just have to wait for the fact to occur..........sure you pay more, but the risk is less and likewise the returns.
It is just a matter of risk management.There are no magic crustal balls.