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Vic, I like your positive attitude!!
Itsallinthemix says: Patience is a vertue!!!
Good post George!!
oracle what signs would that be? that its O-VA??????
its imminent
ADDPOWER
It has come to my attention some posters expressed some concern regarding Add-power...Here are the FACTS!!!
Add-power which is under Addpower UK. is WELL AND ALIVE!!!!!
Add-power is in a Joint venture between Narec (a British government funded entity) and IPWG ...Ipwg owns 80% and Narec along with Lennart Strand the remaining 20% (Lennart Strand is on the Board of Directors of Add-power UK.)...In addition Narec will compensate Lennart $962,000 for Addpower.
http://newsletters.narec.co.uk/newsletters/view.aspx?nl=13&it=60
Chief Engineer Michael Maguire will be the head of commercializing Add-power. And Michael Maguire is the president of Add-power Nevada.
Once IPWG receives the 5million euros from the Italian finance group, it will be in a better position to bring add-power to commercialization with Narec.
Egypt, Saudi Arabia, and Mexico are ALL ALIVE and WELL!!!
Ipwg always had the opportunities, the connections and everything else...the one thing that it was missing was the FUNDING, which was the most difficult part to obtain!!! Now that the funding is here...ALL the doors will start to open!!! When IPWG started it was ahead of its time in the green sector. The Green Sector was not yet completely embraced...now we are in the midst of Green, where everyone is talking about it and everyone is moving towards becoming green. The green sector is HOT now...and IPWG is in perfect position to take advantage of it ALL....from Mexico, Saudi Arabia, Egypt and Poland...once people see the money and birth of one WTE in Poland, everything else will start to fall in place and all the side money will want to jump in and invest with IPWG.
Thank you Baller1
So now we know who was right ALL along and who was NOT!!! I believe and apology to Peter, John and the Board of directors is warranted!!!
International Power Group Issues Shareholder Update
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Press Release Source: International Power Group, Ltd. On Monday July 26, 2010, 8:00 am
CELEBRATION, Fla., July 26, 2010 (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, reported today that it expects to announce shortly the receipt of the initial traunch of funds from the investment group that has provided the credit facility to IPWG for its construction of its Koryciska, Poland WTE facility.
John Benvengo, IPWG's President and Chief Executive Officer stated, "We have received confirmation from the investment group providing the credit facility that the delayed EURO5,000,000 is in transit to us from overseas and we expect to announce that we have in fact received the funds very shortly. We remain anxious to move forward with this project in Koryciska, Poland, the first of several worldwide WTE facilities planned by IPWG."
Mr. Benvengo continued, "The Board of Directors continues to believe it is a uniquely inopportune time to consider a sale of the Company to any individual and/or group, especially in a 'going private' type transaction which would cash out the shareholders now at today's depressed values, when the Company, we believe, is on the cusp of greatness. For this reason, as well as others, the Board has rejected the recent overtures by an investor group led by John Gildea and Paul Sweeney to take control of the Company to effect a going private transaction which in our opinion completely fails to provide fair value to our shareholders. For that reason, in recent days there has been a flurry of wildly misleading and libelous e-mails regarding the Company, its Board and outside advisors, none of which have any merit whatsoever. We will not be distracted by this misinformation campaign, but rather intend to continue to focus on meeting our goals and objectives to the shareholders.
"We also have been threatened, including personally, by Messrs. Gildea and Sweeney, but rest assured we will not be cowered in our defense of the interests of our shareholders. It is our plan, as announced previously, to have Houlihan Smith complete their fairness review of the Company and then use their extensive contacts to generate interest in a range of strategic transactions that would best suit the interests of our shareholders, as opposed to a shot-gun wedding with Gildea, et al. on the very eve of our funding."
The Company also announced the departure of Alessio Rovitti from his position with the funding group prior to his acceptance of a position on the Company's Board of Directors. The funding group is entitled to appoint a replacement for Mr. Rovitti, however, the group's representative has advised us that: (1) they will not be making that appointment currently; (2) that they have "full confidence in IPWG"; and (3) referred to Peter Toscano and John Benvengo as "the pillars of IPWG" . To that end, Mr. Toscano has taken Mr. Rovitti's seat on the Board of Directors, as well as been appointed COO of the Company to oversee day-to -day operations and work closely with the funding group and the Polish government to assist in the completion of the Koryciska, Poland project.
In addition, the Company announced that it was hopeful that a negotiated settlement could be achieved with the DTC that will address how to rectify the unregistered non-exempt shares that were distributed.
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 and include statements regarding receiving the EURO5,000,000, completing the Koryciska, Poland WTE facility and resolving outstanding issues with the DTC. 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. 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, including the risks that the receipt of the funding will be further delayed, that the project (and others) will be timely completed and that the DTC chill can be lifted. These statements relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact:
International Power Group, Ltd.
John Benvengo, CEO/President
407-566-0318
www.i-pwg.com
THE TRUTH IS FINALLY OUT!!!!
My last post for today....Vuduu...the reason why IPWG declined to show the books to the Irish group was for ONE reason and ONE reason only...THEY WERE HOSTILE!!! So since IPWG is facing a threat...they have to take action!!! An open letter to shareholders will soon be available...don't let Steve control you all.
kALEB...AGAIN ASSUMPTIONS AND SPECULATION!!! NO FACTS!!! NOTHING TO SUPPORT YOUR THEORY!!! AND THOSE DOCUMENTS THAT ARE CIRCLING AROUND ABOUT THE 5BILLION VOTING RIGHTS THAT PETER GOT...YOU DO NOT HAVE ALL THE INFORMATION ABOUT IT...YOU DONT KNOW HOW, WHAT, WHY IT WAS DONE....BUT THE IRISH GROUP WANTS YOU TO BELIEVE IT WAS DONE BECAUSE PETER IS A THIEVE AND A LIAR AND CANNOT BE TRUSTED...BUT THE IRISH GROUP WHICH NO ONE KNOWS ANYTHING ABOUT CAN BE TRUSTED!!! RIGHT??? GIVE ME A BREAK!!!!
THE TRUTH WILL COME OUT SOON!!!!!!!!!!!!!!!!!!!! I CANNOT WAIT!!!!!!
My last post for today on Ihub...everyone is soo smart here, amazing. NO ONE demanded to see the books before...but NOW EVERYONE wants to see the books WOW...only because the Irish "claim" something illegal MAY have happened...well boys good luck to you...the truth will be revealed soon.
vuduu no, you are missing the whole point here my friend...screaming on a msg board we want this we want that will not do you any good...and what I said about contacting John and Peter was not to demand Pr's!!! It was to get their side of the story on this whole "I want to see the books" non-sense by the Irish Group!!!
you are going with "they are hiding something" only because that's the most obvious answer and it pops up right away right...my point is just because its the "obvious" easy answer it does NOT mean that's the case...and the only reason why people are leaning towards that is also because of the past history and the lack of pr's in the last 2 month or so(HISTORY DOES NOT REPEAT ITSELF--AND NO ONE KNOWS WHAT REALLY HAPPENED IN THE PAST)....step out of the pack and take another look...they might not be perfect, but who is???(not saying they did something illegal) The point is just a year ago the company was completely DEAD...de-listed and pps down the toilet, with no explanation or pr's....but little did we know John and Peter were working on a financing deal with the Italians...they were working with the Polish government...they put in their own money to keep the doors open....so now that we are where we are with the Italians and the potential of the wte plant in Poland of course a large investor is going to come in and try to take it aka the IRISH GROUP...dont be fooled by this whole I want to see the books non-sense...they also demanded to replace the COO and get rid of like 5 board of directors and replace it with "their people" Im sure you got that email from ipwginvestor....so ask yourself is it really about the books????
Thats a good question. Unfortunately i dont know why hes not listed as one of the directors
Looks like they updated the website a little bit...shows Peter as the COO and how many shareholders along with number of unrestricted and restricted shares....looks like to me they are serious about the success of IPWG!!!
http://www.international-power.com/main.html
Let's not jump the gun here guys...innocent until proven guilty!! And so far all we have are RUMORS!!! No facts!! So sit tight and let's wait and see who's the bad guys n who are the good guys! I'm pretty sure things will come to light soon.
And for those who jumped at the opportunity to slander and accuse the company and it's management of wrong doing shame on you!!!
Everyone suddenly knows everything...becareful where you get your information...it's not a joke.
VR is MIA... by July 4th huh which is a Sunday?? Holiday weekend...I guess we have to wait til next week............yay
Yeah they do things differently over seas...it's just a waiting game.
Your guess is just as good as mine...my feeling, shortly...hopefuly with no more delays of course.
I spoke to him today.. Said they were submitting additional information to the sec....doesn't know how long it will take...everything is still on the table just waiting for the money.
mine with 17,500,000, wish it was higher though :)
John Benvengo and the good guys have my support. This is just crazy and unbelievable n sad at the same time...they need to be kicked out ASAP!!!!
shake up before good news???
Certainly looks that way...if you look at the past two days you can see the short volume is considerably lower than usual
http://regsho.finra.org/FORFshvol20100514.txt
I agree!!! Should be pretty interesting the next few weeks!!!
IMO the new board member from the Italian financing group got those extra shares. Because for the last 10 days or so we had low volume days so it did not look like they were selling...I would also assume that they are restricted even though most of the 5billion is not.
The calm before the storm???
I agree...can't wait for next week!!!
I like how you think...and I agree 100%
I strongly advice you to ignore cash orhash he's just a waste of time....he makes up stuff and spreads negative rumors and lies.
Can someone please explain how we get to keep both companies shares? If the two companies merge that would equal to one company with one stock...I'm not understanding this...
Baller I've been here for over 3 years...And I see what you are saying...even if instead of 10,000 shares we get 20,000 plus all the cash and deals...I rather them not merger...it will limit our investment greatly. Now on the other hand if we didn't have the Italians and the polish deal then this merger would be more welcomed in my house.
Baller just to make things clear from the getco I'm not supporting gapper...BUT IMO even though the merger is positive and will open the door to new possibilities....the small investor will lose more vs staying with the current situation...for example let's use investors simple math n say that we are getting 1 share for every 430 you own of ipwg...so if you own 4,300,000 million shares that will yield u 10,000 shares in the new company...so to be listed on NASDAQ min pps is 3 or 4$... Now include all the potential wte plants, earnings and etc. Bump up the price to 15$ over time...so now your investment is worth 150k...awesome. Now let's look at the other side... say we didn't merge and you kept the 4.3 million shares...with just the polish deal and addpower ... and before r/s split pps should be around .03 to .05 minimum!! Times that to ur 4.3mill n ur investment is worth about 200k!!! But of course we don't know all the details of the merger and all the numbers but I can't imagine it being much better than this....IMO
Chief lol please...don't kid yourself...YOU need all the good luck you can get!!!
I've increased my holding by about 35% and will continue to accumulate.
Just wanted to take a moment and thank John and the whole IPWG team for such a GREAT job!!!
Gapper, why don't you give it a rest already...you lost ALL your credibility...the little that you did have. Unbelievable
It's def not reliable source, I don't trust his "rumors". But what do I know? Delays might happen but because of natural way of business...time will tell. I am buying more here though...
Lottery so will I...this is either the buy of the century..which I think it is...or a flop which I strongly doubt...time will tell GLTA
Yea, call them up and place the order with a broker...they will honor the online commission.