Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Meant to say typo...instead of type. Sorry
I just wonder if this is a type of some kind,isolated or a standard sneaky practice?........man, what a world we live in.
its as bad as credit companies.
the one thinig that will really send you ballistic is if you have 0 shares with 0 balance..........just kidding. :)
Also..........the power of censorship is a strong power.
I have something that is bugging me about the proxy vote in that when you look at the card it does not say the number of shares you are voting.How do we know that you are voting all your shares and that the count is accurate??
That is a very interesting turn of events.What do you think it means.? and how this has come about?
Waste to energy plants will become the future. They produce limited emission, produce clean water,electricity and remove waste while making the need for land fills much smaller.
Here is a news article about how pollution electric companies may face more restriction.All of it makes what IPWG has more attractive and increases the pricing power.electricity cost are going higher.There is also the issue of carbon credits.......WTE plants will produce carbon credits that have value.
Federal court approves long-stalled nuisance lawsuit against power companies
09/21/2009
Darren Samuelsohn
E&E News
A federal appeals court ended three-and-a-half years of silence today in ruling that five of the nation's largest electric utility companies can stand trial for allegations that their greenhouse gas emissions created a public nuisance that contributed to global warming.
The 2nd U.S. Circuit Court of Appeals sided with a coalition of eight states, New York City and environmental groups in a case brought under federal common law that claimed the power companies were harming residents in multiple states.
Judges Joseph McLaughlin and Peter Hall, appointed by President George H.W. Bush and President George W. Bush, respectively, issued a 139-page opinion that essentially allows the plaintiffs to return their lawsuit against the power companies to a federal district court that had earlier dismissed the case.
Supreme Court Justice Sonia Sotomayor was the presiding 2nd Circuit judge on the case when it was argued in June 2006. But the court said in its opinion today that Sotomayor didn't participate in writing the climate opinion.
Plaintiffs had singled out the five companies and their subsidiaries for litigation in 2004 because they were the largest emitters of carbon dioxide from the power sector in the United States.
At the time of the lawsuit, the companies -- -- American Electric Power, Cinergy, Southern Co., Xcel Energy Inc., and the Tennessee Valley Authority -- produced a combined 650 million metric tons of carbon dioxide a year. That's about 25 percent of the 2.6 billion tons of CO2 created annually by the electric utility industry.
During the oral arguments, industry attorneys maintained that the plaintiffs lacked standing to even bring the case. They called for the lawsuit's dismissal on the grounds that it raised political questions better left to the other two government branches: Congress and the White House.
The power companies also insisted that federal common law had not been applied to an issue of such sweeping scale that covered all aspects of the U.S. economy. And they warned that the litigation would be a precursor to more global warming nuisance claims -- with no end in sight as plaintiffs ticked through other sources of greenhouse gas emissions.
But the 2nd Circuit rejected all lines of the industry's defense with an opinion that cites the closing lines of a 1972 Supreme Court decision that dealt with similar common law questions concerning air pollution that crossed state lines.
"It may happen that new federal laws and new federal regulations may in time pre-empt the field of federal common law of nuisance," the Supreme Court wrote in Illinois v. Milwaukee. "But until that time comes to pass, federal courts will be empowered to appraise the equities of the suits alleging creation of a public nuisance."
After the 2nd Circuit judges finished quoting the Supreme Court decision, they inserted the words "by greenhouse gases."
State officials who launched the case celebrated their win.
"This ruling restoring our legal action breathes new life into our fight against greenhouse gas polluters and changes the legal landscape to impose responsibility where it belongs," said Connecticut Attorney General Richard Blumenthal (D), who personally argued the case before the 2nd Circuit. "Our legal fight is against power companies that emit a huge share of our nation's CO2 contamination, but it will set a precedent for all who threaten our planet with such pernicious pollution. This ruling vindicates our tenacious and tireless battle on behalf of a powerful coalition of states and environmental advocates -- a battle that will now have its day in court."
New York Attorney General Andrew Cuomo (D) added, "This is a game-changing decision for New York and other states, reaffirming our right to take direct action against global warming pollution from power plants."
Environmental groups welcomed the decision. "No amount of stalling or obstructionism from opponents of federal action will keep emitters from being held accountable," said David Hawkins, director of the National Resources Defense Council's climate programs.
Hawkins added, "The import of this ruling is that failure of Congress or EPA to act on GHG will not immunize emitters from legal action to compel reductions in emissions."
Industry officials at Southern Co. and AEP declined comment on the merits of the ruling.
"It's a lengthy opinion, and we're currently reviewing it," said Valerie Hendrickson, a Southern Co. spokeswoman.
"As we've said since the suit was filed in 2004, litigation isn't the best approach to address climate issues," said AEP spokesman Pat Hemlepp. "It's a public policy issue, not a legal issue, and Congress is already working on a legislation to address climate concerns. We support the legislative approach."
The power companies will have the option of appealing the verdict to the Supreme Court. The states and environmentalists will push ahead for a trial in federal district court, though the timing on that remains uncertain.
"It's not going to be overnight," Hawkins said. "Things involving lawyers never are."
Yeah.....Vuduu.......I still have hope for myself also. At least I got part of it right.Sorry mrinthknow, I gets confused every once in while.
Ggogg:........there is a long history in IPWG which you may not be aware off.This move has been talked about for a long time and had to wait for the right time.The right time is NOW, because of the pending financing and having the company become viable with the potential for income. Now they no longer have to depend of private placements of loans from officers to keep the doors open.We can all see what a can of worms that was.
Part of that business plan as is spoken about in the proxy prospectus is to change the name and place of incorporation. The reason for that is to get the parasites of IPWG's back.The offices are not moving, they are still near the money sources, and a phone by the way....:)
You seem to miss the obvious that the money source is giving IPWG $375,000,000 "if" IPWG does their part in the deal.Their part is to have this vote. The people willing to finance this need certain things and so does IPWG.All this is part of the reorganization plan.
It says in the proxy that this is for maximum benefit for all.They have signed their name to it and have a lot of time and personal money invested in this, along with us shareholders. We are all in the same boat.
If people don't make the effort to vote for all the items then there really will be NO IPWG, share holders then will not survive.IMO............This is important.We can debate and pontificate all we want, but there is really only one course of action......that is it friends.
Do not confuse the forest from the trees. It takes all the individual trees to make a forest. Meaning all these separate items will make the company successful. If you want IPWG to make it..........YOU vote (for)
This has been worked on a long time.This has been a very long hard road.We are at the cusp of a new company.These steps are required and are for the greater good of all.
Now MR Ggogg, if you think you know better and can do better go start your own company or send them your resume and see if you can get a job with your ideas. But don't forget to apply at Walmar.......just in case things don't work out.
PS, don't forget to buy some shares.........soon.
I am not an expert on what happens to naked shares............IMO, at some point the market maker that lent out more shares than he has, has to balance the books. Changing the name require old shares to be exchanged for new ones, this forces then to balance the books.
The way I understand it is, if they don't have enough shares they have to go to the open market to buy the shares, that is what causes the price to go up. As the price goes up...........people will eventually be willing to sell.
I don't know if this sort of thing can break the bank........:)
I don't know. Interesting thought.......Either way, the stock will go up. I guess the company could settle with the guilty party..I don't know.sounds like way fun.
Plus........I don't think the packets come direct from Scottrade. I think a company has been hired to do this mailing and record keeping of the votes.so I don't thin there is a big conspiracy in that area...IMO.
Lotterystk: ........I have a margin account with Scottrade and the IPWG shares where there, I got my packet on Friday.I don't think they can do that not send you a proxy......sounds like miss information to me.
You are first in line with YOUR shares, if they don't have them or lent them out.Its their tough beans.......hence the short squeeze and the big chill. You can't buy more on the open through Scottarde because they are part of the chill game,IMO.
Here is the PR that came out on Friday by IPWG. It tells you what to do if you did not get your proxy yet.You still have time and it takes only a few minutes to vote on the internet.Plus you can listen to the meeting by phone and then vote.
Also, go to the link provided in the PR and look at the letter Mr Benvengo is talking about also.
Here is the whole PR.
globenewswire
International Power Group, Ltd. CEO Announces Letter to Shareholders and Proxy Vote Information
* Press Release
* Source: International Power Group, Ltd.
* On Friday October 2, 2009, 4:17 pm EDT
CELEBRATION, Fla., Oct. 2, 2009 (GLOBE NEWSWIRE) -- International Power Group, Ltd. (Pink Sheets:IPWG - News), a provider of waste to energy solutions, including waste to energy development and waste to energy technologies, announced today that its CEO has posted a letter regarding the upcoming shareholders meeting and the proxy statements that have been mailed to all shareholders. CEO, John Benvengo, stated, "We ask that all shareholders visit our website (www.i-pwg.com) and click on link 'letter to our shareholders' to review the letter I have posted on our website for important information regarding the Shareholder Proxies and the upcoming shareholders meeting.
Related Quotes
Symbol Price Change
IPWG.PK 0.01 +0.00
Further, Mr. Benvengo stated, "The Proxy and Shareholder Meeting packages have been mailed. To the extent you do not received your package, we ask that you contact Issuer Direct at (919) 481-4000 between the hours of 7 am and 11 pm ET Monday through Friday to place your proxy vote. Simply use option 2 and then option 3 and listen to the telephone prompts during the call to place your vote. If you have any questions or problems regarding this process, IPWG asks that you contact the company directly."
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.
Ebbtide..........kind of funny you mentioned Nevada. There was talk a few years ago about Nevada. right outside of Bouder Dam (Hoover Dam) there is now a large solar energy company right outside of boulder City collecting the sun and selling the energy to the grid.
They chose that area because of the sun and all the power transmitting lines going to LA from the Dam.Nevada has a lot of transmission lines and need for cheap energy becaue of the Casinos.
Question? what do all the casinos need? and what do they produce? They need energy,lots of it and water, they also produce lots of waste ..........Bingo!!
The WTE plants fit the bill perfectly for LV and Reno.Right now in Las Vegas they have to truck their garbage out of the valley 75 miles away at extreme cost.
Disposing of waste by making a hole in the ground is no longer viable with the new tech of the WTE plants.this is needed everywhere. This nit picking the details of the proxy is missing the big picture. the picture is IPWG needs to start one plant..........after that they flood gates of projects will open and flood us.
At some point the 10 billion will not matter beans.......we may be talking about forward splits of two to one or more.It could all happen.
The green trend is here and will not go away, just because there are to many people producing a lot of trash............and they will produce trash every day of their lives. It does not stop, there is no recession in the trash world. It just keeps on ticking and getting bigger.
The potential here is huge!!!..........with financing, the share structure and the price of the shares will take care of themselves. We as investors will make lots of money,IMO.
First, they don't got the $ 375 million until you vote for it, so please do. No vote, no company.This the last chance.The people coming in need to have a stake in the company since they are putting up the money,hence some of the share increase.
The second topic of Nevada corp..........is to prevent the crooks who have naked shorted from winning. I will post two reply's on the topic from the Equity group message board on these topics.
also, an abstentions counts as a no vote.So if you don't do anything, it could hurt.That is why there is such an effort.
Message #13850
From: kl11777
Date: October 3, 2009 05:40:19 PM
on the 10 billion share issue
Spread it:DiggBlinkListFurl buttondel.icio.usOne Click to 200+ Social Bookmarking Sites
NOBODY SAYS THEY ARE GOING TO ISSUE OR USE ALL 10 BILLION SHARES !!!! it just gives them the option down the road. gives them wiggle room, for future deals. you don't want to have a meeting everytime they try to make a deal for another wte plant.
from the rumors i have heard, they aren't using very many shares for now at all. not anywhere close to even one third of those 10 billion, according to the rumors i've heard.
but imo, any future use of these shares, means another wte plant somewhere else. there are trade offs in life. before they had one billion shares, and no wte plants. wouldn't it be great to have more than one wte plant in the future. how about 3? 5 sounds like such a nice number? and you're not going to get these projects financed and underway without incentives. at least in this early phase of the wte era. down the road, profits from one can lead to building another. ESPECIALLY IF THEY ARE THE MOST EFFICIENT, LEAST ENERGY CONSUMING PLANTS AROUND. wonder if they'll eventually tie in forever green's technology too?
Message #13874
From: LK
Date: October 4, 2009 12:51:59 PM
Re: IPWG Proxy
2.-- Is the name change directly related to working over the short sellers and pulling all IPWG, INC shares? Or is the name change proposed because the company wants to incorporate in Nevada and a re organization is a better fit for them in Nevada?
I would think both.
There are definitely benefits of incorporating in Nevada. A simple google search will show you why.
And a name change with a new cusip number would work against the shorts.
Very well said..............plus I don't think people realize the cost of things.I remember the last time they had a proxy vote and meeting they where saying it cost $350,000, but we had good sandwiches to eat then. It sounded high to me and I never followed up on that to check it out, yet I don't know all that went into it.They probably have to pony up at least $50,000 I would think?...........out of their own pockets, or board members,IMO.
Mr Babba. I don't think he is a Moron.......I think these two "good old boys" need to talk to each other.None of them are morons............they are just human beings.None of then are perfect,as we are not perfect............Alleybaba should know that??
The term shareholder of record is simple. It means if you want to vote your IPWG shares, you had to buy them before Sept.18.
There had to be a cut off date for voting, that was it. It is done in all proxi votes for book keeping reasons.......that is all.
Don't panic.......KL posted this on equity groups, plus you can sign up to hear it over the phone if you can't be there.
John Benvengo, CEO or the secretary can be reach at the IPWG office.
(407) 566-0318
THIS ONLY WORKS IF YOU VOTE IN FAVOR OF ALL THE PROPOSALS AND OFFICERS.
it is very very important if you owned shares prior to sept 18th, and haven't received your packet yet, to contact john or vonia or better yet - if you plan to vote online, contact
BRIAN BALBIRNIE 1 919 481 4000 (EXT 123)
he can give your your codes in an email, and then it just takes a couple of minutes to vote online
There is a number in your proxy packet. It is on that color page with the picture of the meeting place....... along with a shareholders card to get in the door. The meeting is only for shareholders of record.
I posted this message earlier on Equity groups and I am reposing it here because this is a serious battle going on for IPWG.It is make or break time.All should vote (for)Here is what I said there.
Message #13823
From: gapper2
Date: October 2, 2009 10:24:37 PM
Re: JUST IN CASE YOU HAVEN'T READ IT ----
Brad I am going to re-post this part of the letter you posted which came from Mr Benvengo,CEO.today.
I am with Scottrade also and got My package . I am voting all my shares (over 11 million) in favor or (for) the company. I am doing so because I have been here since the beginning and feel this will benefit ALL shareholders. With out this favorable vote I feel IPWG will not make it, and we will loose it all.
There are NO other alternatives folks.This is it. We have the financing everyone has been working for all these years.We are on the verge of a great things here.There is no reason for any negative behavior or feelings now.
I am very dissapointed that this letter even had to be put out there and that this kind of thing would be going on. I came with someone else to this dance, I came with trust, I gave my trust and money. I expect that trust to be recipricated and not betrayed. It is the right thing to do.
Now is the time for the bickering to end. I am reposting the most important part of the letter so all realise the risk we are facing to our investment.That kind of risk and actions are not justifiable in any way,IMO
Second, it has come to the attention of IPWG’s management that certain shareholders and former employees have set out to somehow block IPWG’s effort to secure the necessary votes for all the items on the Shareholder Proxy you have received in advance of the shareholders meeting. This notion leaves shareholders with little option because these former employees or shareholders have not put forth any competing proposal or Proxy. Further, these former employees and shareholders have not put forth any basis for denial of these Proxy issues and moreover have failed to offer any competing Proxy. Last, to the extent these Proxy matters are voted down it will cause detrimental harm to IPWG and its shareholders. In that regard, we would like to request that you withhold your votes with regard to the Proxy until you have heard all the information to be delivered at the Shareholders Meeting. If you have already placed your vote, please be aware that you have the option to change your vote as noted on page 4 of the Proxy instructions.
It is really hard to sleep with all the excitement, but I think I can get back to my old carefree ways soon.
I really feel this time management is doing the right things.This financing will totally change this company. I expect big things to happen.The days of the pennies will be gone soon and all this distraction.We will look back at these prices and laugh at our fears and curse ourselves for not loading up more.
I think IPWG is going to be a good deal ant any price down at these levels. A penny, half a penny a nickle ..........it will not matter.We will end up in the dollars.
When I first bought this four years ago my first purchases where at .03 cents. It ran up too almost 2 dollars on hope. Now we are very close to getting $375 million. that is enough money to parley quite a few WTE plants,IMO.
This company will we be all around............... the world one day and make billions. This is like being re-born.' I see the light!!!!...........
TAKE OFF THE CHILL........TAKE OFF THE CHILL............TAKE OF THE CHILL.........!!!!!
Its time we organized here and go march somewhere..............I want too buy more freaking shares...........darn it!
Exactly right!
put that chief on ignore......you come out better
Mr Higgins:.......correctamento on your analysis that this is big news. I this huge news with a little reading behind the scenes.Ms Harrs did not take this to make resume look bad. She looked at all the info and decided to come on board because of the simple fact that URST has the goods and this will be another big feather in her bonnet.
That is why Maserati's prediction for new found millionaires is right on and may in fact be conservative again.......:)
Hard to believe anyone who drive a V12 is that conservative.....IMO.
One of the tricks of shorters/manipulators/market makers/dtcc clearing houses is to load a message board with non-sense.They like to take over with many posts and the pretense of a few people posting back and forth to each other to create fear and chaos and work on your emotions.When you get emotional you do irrational things like sell your stock.That is the ultimate goal.Watch how the story will change and how that will end up being their final destination..............their advice to you.Look for it........it will show up.When you see it, you will understand what is going on with all the activity.
They also will go after board leaders and outspoken posters others respect.They will pick a fight with these people in order to weaken the resolve of the other investors.Their purpose is to create doubt.First they start by getting your confidence with positive talk.......in no time they spread their disruption to a whole board.
Today was a full head on attack by powers that be that are really treated by this latest news of financing.These powers have been trying to destroy IPWG for years. who knows how many shares they are naked short.
Best thing to do is to put the whole new tribe of renegades on "ignore"..............They travel in a wolf pack and disguise themselves as sheep so as to sneak up on you who are un-aware. Don't be fooled or weak.This is a very real battle, a real financial War.There is a lot of money at stake here.
IMO,Their actions validate the quality of the latest news. They are not your friends and are here to screw you. hang on to your shares.They will fill the gap on the daily chart and load up from the weak hands...................then up it goes.
Looks to me like these injuns are working for Night and Scottrade. I am moving my account out of Scottrad.They have done this to another stock I own,ASFX.After high volume the next day they stopped it with a similar lame excuse.
IMO........IPWG and night have a long history..........they know it is coming down and they are scooping up cheap shares from the scared. Read yesterday PR on Toscano.............don't you think it is funny. "legacy issue?"
Children don't be fooled.
mean to say....."is now a long term investor by default"
I got a reply from scottrade.........they don't know when the DTCC will lift the halt. It could be today...tomorrow??..........they don't know.I guess everyone is not a long term investor by default. Hey.....it may work out for the best, the good point is that, you can't mess it up.
Chasing Pink is not all bad. Be calm and buy more when it dips to fill the gappa...........get it Gap..pa?
I have a second account with Ameritrade.....I should see if they are trading it.I guess it is good to have two accounts. i am starting to get a little annoyed with Scottrade..........after this thought.IMO.
You may not want the long version.Short version is That stock went from less than .10 cents to about 10 bucks. The sad part is that it was halted for almost a year.............:) Really, but it was a different issue than here. We should be OK...........IMO
the time line.............I don't know. I guess we can all skip out on Scottrade and move elsewhere????
I expect a similar run here.....a life changing run,IMO
Now, Now Vuduu..............forgive and forget.......:)
I remember years ago there was talk of doing that...........after that note from Scottrade, it trigger that memory.I does sound good though, If I have to say so myself.
So far no call back from Scottrade................I guess we have to wait for what ever to clear that up.Its OK..............not worried. I had this happen to another stock, that turned out OK.
Ebbtide:.........after reading the response you posted from Scottrade I called Scottrade and they are going to give me a response. I Will post it once I get something.
IMO..............if you where going to give a company $375 million you would want to make sure all the shares out there where legit.......especially with the manipulation talked about in the SEC complaint.
IMO, that reply by Scottrade makes sense. I assume the DTCC would want an accurate accounting of all the shares with all the volume and questions.Especially if there is some restructuring of the company like they said. That seems to make sense to me because the new people coming on board would want an accurate accounting.
They may in fact be doing something like that, say a name change which would require all the shares to be turned in..................that would get rid of any naked shorts and give a clear start for the new people putting in the money.Something like that makes sense to me.
this may be very good if there are naked shorts also................they will take it in the shorts and have to cover in the open market,IMO. Now that would be exciting.We will just have to see.
Looks like (pitbull) Toscano may be already working at his new job,IMO again.
Amen to that analysis Vick............!!
IMO......Masserati may be off by a few days and a few dollars.I think his estimate could be too conservative.I feel that the company has been understating the size of the deposit so as not to pump it on hype.
What would change this resource estimate would be better than expected assay results or really good drill results. I don't think anyone knows how big this really is...........its very exciting.
TerriF:...........I have seen that before a long time ago. I called and asked about it, back then. I was told it was being taken care of or there was some mistake. For the life of me I can't remember now, but may be that is because I didn't think it was an issue.
I don't think it is an issue now..............with $375 million I am sure they will work it out. It is time to toss the rear view mirror out.The ugly long torturous past is now gone. The potential here is hard to comprehend by some newbies I think.In the past this stock ran to almost $2 dollars on just potential of financing and all that could come from that.
I remember talk in the years past where they felt that they could get as many as 50 plants going ,or that where in their reach.I know..........it sounds insane and unbelievable today.But the world markets crashed and the money dried up.
IMO.......the first deal is the hardest, then it all starts to fall into place and grow.
They put a lot of money and time into many contacts over the years. They may all of the sudden come back to life if the funding materializes.They are all mostly still there just waiting for the funding.......IMO.
It is a new......NEW day here.....amazing. It is going to take some time to really accept this new reality.........but I will manage.....:)
Management did stick it out through a very hard and abusive time. i know.........I was part of the abuse.They deserve all the credit for persevering through these years. That speaks well for the future...............because surviving this was no easy task. a job well done. Looks like we are almost home.
Ebb:.............once you go public.It is a love hate relationship.the crowd can quickly turn and go for the throat. apology accepted.I may have been to harsh,even though I may be older, I am not always wiser.
I don't think Vania was lying about the packets.IMO....everyone should get one before the meeting........otherwise why would you have a meeting? these packets will not contain material events that should come out in a PR.They will probably explain what you will be asked to vote on.
Material events in the form of a PR could come out any time on any stock.
Yep............that is how I see it now after thinking about it and re-reading things.
Yes, the calm is very hopeful as you state. Also another point that might be considered.What if IPWG does secure the long awaited financing in the light of this SEC investigation. That would mean the the people putting up the money have looked at all of this and have concluded that there is nothing to it.
I think we can conclude that right now from the article I posted earlier in reference to IPWG. Nothing in that article mentions the officers of the company. The way it is written it looks like IPWG was the victim............IMO
This could all line up for the perfect storm so to speak if they get financing and then a good examination by the SEC finds nothing wrong.It would be the line up of the best of both worlds.......a clean bill of health and some money to boot.
Now we wait.