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Could be because that's not IPWG, I don't think. Correct me if I am wrong, but that isn't this International Power Group.
Or maybe people are off for the Christmas holiday?
I know a lot of companies I personally deal with in my business who are closed this week. Or maybe they are just sick of you calling?
lol Either way, Cash, give it a rest already. Everyone has gotten your point on it all LONG ago. Right now, it's just jibber jabber and dumb pictures from you. IMO
From everything I have read there is nothing illegal about a wrap-around agreement at all. The thing that was done wrong was those companies sold the stock recieved in the wrap around agreements too soon.
Now it was said that sometimes issuer's are found negligable in these type cases and if these were to be found it would be said and they would also be listed as defendants. They never have been though. They aren't listed as defendants anywhere. The SEC has never halted them so why is the DTC? That's the key question .
E*Trade finally replied to my numerous requests n asking more question about why the DTC has suspended IPWG in spite of the fact that IPWG isn't a defendant nor has the SEC halted them from trading with this same ole same ole reason:
Sent: 12/21/2009 04:37 PM
Subject: Trading & Investing
Topic: Trade Settlement
Account: XXXX-xxxx
Reference Number: xxxxx
Message:
Dear xxxxxxx,
Thank you for your message regarding the suspension of settlement services for International Power Group, Ltd. (IPWG) by the Depository Trust Company also called the DTC. All open orders for this security have been cancelled and further trades on this security has been suspended indefinitely.
You will receive an account alert detailing this suspension as well as the SEC statement. The shares will remain in the account where they were held as of the suspension. Shareholders will be contacted with details if more information becomes available. Please see the following URL regarding the SEC and the reason for this suspension.
http://www.sec.gov/litigation/complaints/2009/comp21224.pdf
Save a tree and get secure, 24/7 access to your monthly statements and other E*TRADE documents with FREE Electronic Documents.Sign up now
For future inquiries you can visit the Online Service Center, it is the fast & easy way to get answers to all your questions. You can also reach E*TRADE by phone at one of the phone numbers located at etrade.com/contact us. As always, your business is most appreciated.
Sincerely,
Cory McKissick
M-F 9:30a-6:00p EST
1-800-ETRADE-1 (1-800-387-2331)
Elite Financial Services Representative
E*TRADE Securities, LLC
exactly ;)
when you click to see the balance sheet it definitely says sept 30,2009
regardless, I am sending my reply to them every day asking:
"This doesn't make sense. According to that SEC lawsuit, IPWG is not listed as a defendant. The SEC has no trading restriction listed for IPWG at all so why would the DTC stop clearing it? There are other brokerages currently trading it and this lawsuit was from September so why was it trading with E*Trade up until now?"
is this right? It shows updates through Sept 2009, was that supossed to be 2008? Anyone?
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ipwg#getFilings
I asked E*Trade to get the answers for me. They still haven't replied.
I hope that was a joke, boy! haha
You don't want me AND Callie after you I don't think!
Kidding aside, it appears that they have updated their filings through sept 30,2009.
I still find it hard to believe they would be bothering with all this if things weren't a go.
In the Sept 2009, you can see the expense for IPWG Sweden and for the patents as assets.
Merry Christmas and good luck to all!
FYI, my correspondence so far with E*Trade
I asked E*Trade this:
I got a message saying my stock in IPWG is suspended, expect for custody services. What are custody services? And why am I unable to trade this stock when the SEC tells me there is no suspension on it?
Etrade responded with this:
Dear Lxxxxxx,
Thank you for your message regarding the IPWG in your brokerage account XXXX-xxxx. This restriction applies to the following securities:
CXAC Cross Atlantic Commodities, Inc.
EESO Enzyme Environmental Solutions, Inc
IPWG International Power Group, Ltd.
RVGD Revenge Designs, Inc.
Trading has been suspended for these securities as the result of a lawsuit filed by the Securities and Exchange Commission ("SEC") alleging, among other things, that these companies may have violated certain federal laws and regulations. Those holding the above mentioned securities will NOT be able to take delivery of these positions or trade the securities online or through Customer Service.
If you would like to view the SEC complaint please refer them to the link below:
http://www.sec.gov/litigation/complaints/2009/comp21224.pdf
As always, your business is most appreciated.
Sincerely,
Brandon Reimann
Sun.Mon.Thu.Fri. 5am-4pm MST
1-800-ETRADE-1 (1-800-387-2331)
Financial Service Representative
My reply:
This doesn't make sense. According to that SEC lawsuit, IPWG is not listed as a defendant. The SEC has no trading restriction listed for IPWG at all so why would the DTC stop clearing it? There are other brokerages currently trading it and this lawsuit was from September so why was it trading with E*Trade up until now? Something is not right here!
(waiting for response now)
lol
Ya gotta laugh.. it's the only thing left to do.
I am still waiting for my reply from E*Trade. theusually take about 20 minutes to reply but for some odd reason, it's been about an hour so far for them to reply to this.
Hmmmmm....
I emailed and asked knight(NITE) about it too, just for kicks.. lol
“The most common way people give up their power is by thinking they don't have any”.
I just emailed E*Trade and will let show you the reply once I get one...
Custody services - the safe-keeping and processing of the world's securities trades and servicing the associated portfolios
Doesn't that mean trading?
What does it mean when it says "except custody services"?
Callie, why can't the SEC request that the DTCC reinstate IPWG?
The DTCC took it upon themselves to suspend trading on it based on the litigation that the SEC filed against other parties where IPWG is not listed as defendent but was a issuer of stock . The SEC site nowhere ever has IPWG as a suspended stock and never told the DTCC to suspend IPWG.
At this point it appears whatever the PR would be is meaningless. There is nowhere to buy/sell the shares. E*Trade joining the "chill" hurts. I, personally, am not about to sign up with another brokerage to buy more until they *chill* it, are you?
We seem to be running out of brokerages trading it at this point anyway. We need a much bigger lifeboat! I M O !
This thing is becoming more and more like the BTIC fiasco regarding the DTCC every day. UGH, I could just cry :(
I'm calling E*Trade tomorrow to see what's up from their perspective..
I have the message on my E*Trade account too. Is there a chance this is happening because of the name change and getting the actual shares out there in control? Or am I reaching at straws here? I don't know what to think anymore :(
Well perhaps a signed contract with an initial release of funds done , in the bank, and set for the Poland project?
I'd say a signed contract stipulating time releases (term sheet) *is* as good as money in the bank. Money would never be in one lump sum that I have ever seen. I'd PR a signed contract immediately, if it were me.
Back in the country from where? He was already back from Poland I thought?
Oh there was a guy I knew on SIRI boards that used to post under a similar vuudoo name. Thought you might be him. I used to be in that one a while back. Just wondered if you were him. I posted under a different name on that aol board.
hahahaha mine too, vuuduu! hey you look famaliar .. you in SIRI board at one time on AOL?
Wishing everyone a healthy, family filled Christmas or Hannakuh and a happy new year!
The best is yet to come.. ?
LOL Gappa!
..that's all just L O L
I'm with ya on all that Lotterystock.
good luck to all..
Well, now you aren't making sense... again.
Keep up the good work, Cash.
Have a wonderful day.
No,it couldn't. It really couldn't.
Feel free to try though :)
So wouldn't that be the same as "IMO"?
You know *that* much, huh?
I'm impressed.
I believe you are right, buddy.
Hopefully Carp does the right thing and removes him as an assistant.
You take turns bashing the stock and pumping it, Hash. How are you now an assistant moderator?
You say you never put IMO as if you are in the know. So what exactly do you know?
..spare me the "I know" bullshit. it's so laughable how so many are "in the know" on this board. Or who pretend to be.
I, personally, am not in the know. I pay attention to the press releases for the most part.
I think you are wrong in saying the SEC doesn't follow cases and
companies involved.
I do believe it would be blatant to give misleading PR's in the face of the SEC litigation.
I, personally, would point it out to the SEC if that proved to be so. I think other's would as well.
I'm simply discussing the stock and the company. I'm not looking to you or anyone else on this message board for 100% surety in their replies.
That hasn't answered anything in regard to what I posted. How or why would they chance false info while this SEC litigation with Sig Leisure is currently playing out. That just doesn't make sense at all. Whether things panned out in the past or not is meaningless to these current events, especially while they are in the eyes of the SEC.. IMO
lol
Yeah that would be a start. ;)
..the thing is, it is hard for me to fathom that the company would blatantly mislead us with these latest PR's because of the SEC litigation going on surrounding the wrap-around with signature leisure. Wouldnt that be awfully ballsy to have false or misleading PR's in the face of all that investigation?
I'd be on board for that for sure..