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this is semantics. of course the company issued the stock. an officer cannot issue stock. but the stock was issued to pay off a loan the officer made to ipwg. since the officer has not been named, i don't want to make any assumptions which officer it is.
but what has the company done wrong? they owed this officer money. they issued stock to repay this loan. and the stock wound up at signature leisure, who sold it --- thus completing the wraparound.
there may be some reporting issues (although it is a pink sheet stock - and reporting is lax, to say the least with pink sheet stocks). maybe the officer gave away too many shares for the debt he was owed. but i don't see anything wrong with what the company did - and they are not named as a defendant. neither is the officer.
this is actually pretty funny. WHY WOULD PEOPLE BE YELLING THAT IPWG WILL HAVE TRADE SUSPENDED? WHAT IS THEIR AGENDA?
it is quite obvious that the company is DEFINITELY not under investigation. worst case scenario, the officer of ipwg involved with the alleged debt, issueing shares, and wraparound deal could get a slap on the wrist. BUT WHERE DOES IT SAY THE COMPANY DID ANYTHING WRONG? only reason ipwg is involved, is because of the actions of one officer. and this officer was NOT named as a defendant - and they listed what he did with exact amounts.
so let's stop with the bs about suspending trade.
NOW THE GOOD NEWS IS, IF RUMORS ARE ACCURATE, THE FINANCING DEAL WAS SIGNED FRIDAY. imo, we should know by the latest, end of next week, if this is true. BUT THERE IS NO DOUBT IN MY MIND. THAT IS WHY I WAS BUYING ALL THE SHARES I COULD AFFORD ON FRIDAY, WHILE PANIC WAS SETTING IN OVER THE SEC COMPLAINT. i'm sure many sold, without thinking, without reading, without understanding what actually was happening. probably be the last time i'll ever get a chance to buy shares @ .0020.
I BOUGHT! good idea gappa! company is not involved. at the very worst, one officer (the one who loaned the co. money and was involved in the wrap-a-round) may be investigated/involved. imo, gets a slap on the wrist. if it were worse, would have been named as a defendant.
imo, the rumor that the financing deal is signed, is true. why would the stock hold up today if it weren't? i bet there was a lot of panic selling when the sec complaint came out.
it won't be too long until we find out if the deal was signed or not. imo, we should hear next week, if the rumor that it was signed today is true.THIS WOULD ALSO HELP EXPLAIN WHERE THE RECENT SELLING WAS COMING FROM.
if you add this to the other past crytpic messages from messenger, and how accurate they were, imo, this is a lot more than just a stretch. but, imo, by monday, if messenger's message is what i believe it to be, it will be confirmed.
remember you have to add this to the rumors that peter and john are in europe, rumored to be signing the financial deal. and since banks and financial institutes are closed on weekends, deal would have to be signed by today. europe is 5-6-7 hours ahead of eastern s.t. the rumors say they are supposed to be back in fla. by monday.
so if a financing deal is to be signed, it would have happened by now.
so you read what you want into messenger's message, i'll read into it what i want. and we'll see on monday who's the better reader.
not sure if any of you read the other message boards for ipwg, but a cryptic post on e.g. from messenger seems to be indicating that they may have successfully received their financing deal.
ipwginvestor, i don't think nomoneyleft was the originator. he was posting this from another mb.
nomoneyleft, what mb did you find this on???
ebbtide, you have to take a step back. you may think you're the defender of ipwg, but don't lose touch with reality over it.
like i said, if you are so chummy with peter, why don't you call him, and check on the status of the egyptian project.
there are actually people who know a lot more than you know, about what's going on behind the scene. AND YES, IMO, IT IS EXTREMELY POSITIVE. but you really have to stop with these blanket statements of optimism - it makes you look foolish. if you read the egyptian pr, you'll see they were supposed to have had the environmental study completed 12-16 weeks later (that would have been in 2007-8). never was completed. and therefore, the egyptian deal is dead. but as i've said, it certainly can be reawakened as soon as they have adequate finances.
will this new financing deal with a major european financial institution give them adequate finances? imo, absolutely yes. but let's not get ahead of ourselves. first, let's see if they close the financing deal.
http://www.equitygroups.com/otcbb/ipwg/messages/150843.html
http://www.equitygroups.com/otcbb/ipwg/messages/148078.html
here's 2 cryptic messages about ipwg's near future from "messenger", who imo, knows as much as anyone. magnum = magnum partners = british deal with addpower is not dead. arabia = saudi deal, imo, it's not dead either. and now italy = possibly where financing is coming from.
and of course, we know they have a polish wte deal.
so let's not get dogmatic. let's not lose focus. FIRST, WE NEED THE FINANCING DEAL TO CLOSE. THEN WE CAN PONDER WHAT OTHER DEALS ARE NEXT. but for now, the egyptian deal is dead.
ebbtide, you're being an idiot about the egyptian project. asking someone to prove something that couldn't possibly be proven - even if it were true - is ridiculous. why don't you show me one thing that says the egyptian project is still alive.
the appropriate permits for the egyptian project has long expired, and/or were never given to ipwg by the egyptian govt. it does not mean that they can't renew the application, assuming they have the financial support to follow thru this time.
you're so chummy with peter, why don't you ask him if the egyptian project is alive at this time. then apologize for the outburst.
BUT AS I STATED, IT IS A MOOT POINT. IF THEY GET THE FINANCING, HOPEFULLY THEY WILL BE ABLE TO FOLLOW THRU ON MULTIPLE PROJECTS. but even if they only follow thru on one for now, that would cause the pps to skyrocket. imo, if and when the financing package is signed, they will follow thru on more than one project - maybe as many as four.
all this is moot. there is one thing, and only one thing that will make a difference between bankruptcy and huge success ===> FINANCING !!!
according to the polish wte pr, they have financing arranged, and it is a matter if they can follow thru, and get the money. since they say they expect to complete the financing within 4 weeks (prior to the meeting), imo, the deal is done, the terms are agreed upon, all that remains is the closing.
according to rumors, there may be more than one wte plant involved. maybe new pr's will reveal how many???
the daily manipulations by the mm will be meaningless if they get the financing. today's pps will be a small fraction of the pps if financing is attained.
so we wait - at least it's only 27 days left until the meeting - and less to find out if the financing was signed.
some people just don't read, or ignore what anyone besides themselves say. it was explained just before your posts what a t trade is. and then you go and post those exact t trades. DO YOU SEE THE SMALL t IN FRONT OF THE TRADE? THAT'S WHY WE KNOW IT'S A t TRADE.
but instead, you accuse the company of selling stock, with absolutely no evidence whatsoever. I THINK WE ALL KNOW WHAT RAYMAN'S AGENDA IS !!!! especially when we have evidence exactly the opposite to your false allegations.
according to pr:
1) will announce financing within 4 weeks (which would be before meeting)
2) revenue from plant= $29,250 daily (for reg waste) + $100,000 daily (for med. waste) = $129,250 daily = around $47,000,000 annually (based on 365 days) or around $33,000,000 annually (based on 260 days). this does not include revenue from electricity (and remember, with addpower you generate 30% more electricity).
imo, this is not all they have to announce. would not need a meeting for one proposed wte plant. and i also think they would have financing all but locked up (unlike the past). i can't see them showing up at meeting, and telling us they don't have financing.
according to rumors, expect to see other prs, and financing locked up well before oct 14th.
itsallinthemix, i just started posting here a week ago - because i didn't even know this place existed. maybe people here, don't know equitygroups exist either. btw, i use a different id on eg.
i don't think ebbtide is far from the truth. i have spoken with peter and john. i don't think they would give up many specifics, but if you just listen, sometimes they give you something interesting. my favorite is the fact they are currently working for free. and they'll tell you, why would they work for free, unless they think they can turn this thing around - and turn it around big time.
then there are the others - like brad and messenger (from eg), that seem to get more of the specifics??? and if you talk to brad, and just listen, you learn a lot more.
bottomline, imo, ebbtide is not far from the truth. this is either an extremely elaborate scam, or we're going to make a ton of money. the scam possibility can't be ignored, based on past history, but imo, the likelihood this is a scam is extremely low - less than 10%. i would say it was less than 1%, except for the company's history.
and the best news for us newbies, is we didn't have to pay 1.90, and we don't have to wait much longer - 29 days until the meeting - i'll be there.
to avoid too much technicality, addpower is basically a machine added to the steam turbines of a power plant. it turns water that was steam, but is under 100* temperature, back to steam, instead of having to heat the water from room temperature. it increases electric output by around 30%, and therefore, decreases fossil fuel usage, and emission, by 30% too.
if memory serves me correctly, the indiana project only required around $20 million. i don't know what the cost would be for other projects (wasn't invested in the stock prior to last year). but i believe egypt might not require that much cash either. i thought they already had the landfill site, etc.
and any european wte plant would probably receive govt subsidies. they are really big on wte in europe. and include addpower with it, you make it a 30% more efficient wte plant.
i don't know who first started the rumor of multiple prs, but i am pretty sure it was the same person who first predicted a shareholder meeting several weeks ago. AND THAT RUMOR CAME TRUE.
rumors are an interesting scenario. the old axiom - "buy the rumor, sell then news" - is a virtual constant in the stock market. happens with almost every stock.
when i start to see rumors, i try to figure out how accurate they might be. what is the likelihood they are true. many rumors are bs. but you also have to look at the source.
now i don't doubt that ebbtide has spoken with peter. it really isn't that hard to do. i personally would rather speak to john. now, i won't tell you they are divulging insider secrets to me, but let me just give you one thought. i'm not sure how many of you are aware that john and peter are working for free right now. they are not being paid - there are no funds to pay them. so why would someone work for free, unless they finally figured out how to make this company successful. if the company succeeds, and pps appreciates significantly, that's how they'll get paid off. so imo, they have a serious interest in wanting the company to succeed. never hurts to have management's interests aligned with the shareholders. they both want this to succeed.
btw, as far as the multiple prs rumor, i find that quite credible. and it won't be long until we find out how credible. common sense says it will be before oct 14th, and imo, much much sooner.
let's review what gappa stands for.
he consistently calls peter toscano a liar - his knickname for peter is pinocchio.
today, gappa called ebbtide a pumper and a liar. i haven't posted here long, but it is obvious to me that ebbtide seems to be more respected than most here. and at the least, demonstrates he is credible.
today, on equitygroups ipwg mb, he threatened to drive the pps to zero:
"We can keep re-hashing it until the stock goes to zero. You want get into it??? You got more shares than me butt head..................lets see how low we can take them????"
imo, three of the most respected posters on eq.grp. mb - brad, mac, and messenger - all accused gapper (his name there) of siding with jack wagenti, against peter toscano. rumors have, at the very least, demonized jack. some accuse him of wishing ipwg goes under.
and all gappa can come up with, was that he was joking? was he joking when he accused ebbtide of pumping and lieing? was he joking when he called kl11777 a mental case? was he joking when he threatened to take the pps down to zero? anyone else think it was funny? who's the mental case here?
that was the post he made after threatening to pull down the pps to zero. here's the quote again:
"We can keep re-hashing it until the stock goes to zero. You want get into it??? You got more shares than me butt head..................lets see how low we can take them????"
he won't deny making the post. it wasn't in good fun. read the back and forth. this is what gappa says when you fight with him. he threatens to destroy the pps, spiting himself. and then accuses kl1177 of being a mental case. doesn't sound like good fun to me. who sounds like the mental case to you?
want to see what kind of person gappa is?
this is a direct quote from his post today - message #13041 - on equitygroups ipwg mb:
"We can keep re-hashing it until the stock goes to zero. You want get into it??? You got more shares than me butt head..................lets see how low we can take them????"
now why would a long want to take the shares to zero? gappa has been accused by three different posters (mac, messenger, and brad) of taking the wrong side in the war between toscano vs. wagenti. there are rumors of wagenti wanting the stock to do poorly. gappa has called jack a friend on multiple occasions, and has been calling for toscano's resignation day in and day out. you draw your own conclusions.
gappa, it seems two people posted answers to your post on eq.grp. to sum it up, one says you're fos. the other says your friends with jack wagenti, and that it is rumored jack wants the company to do poorly, and therefore, your bashing may be as an agent of jack's. don't you love rumors.
personally, i think we should deal with two things, and two things only. first, facts, not rumnors. second, the present, not history. AND THE PRESENT FACTS REMAIN: THERE WILL BE A SHAREHOLDER MEETING ON OCT 14TH, AND THERE WILL BE PRS re: TO THE SHAREHOLDER MEETING BETWEEN NOW AND THEN.
why don't we let everyone come to their own conclusion whether the meeting and the prs will be positive or not?
here come the skeptics.
this message board seems a lot more optimistic than the equitygroups mb. over there, it seems that most of the longs are in denial. there are a few who realize this time around is obviously different. THERE IS A SHAREHOLDERS' MEETING !!!!!! it is quite obvious to all but the most skeptical, that no one in their right mind would have a shareholders' meeting (under these circumstances - they don't have to have a meeting), unless it was to tell us good news. so it seems some of the more skeptical posters have decided to spew their negativism here. i wonder why??? do they want the share price to stay low??? why would any long want the share price to stay low??? the skeptics keep telling us about history. they haven't followed thru - EVER!!! anyone here unaware of that fact? i don't think so. so the real question is, will they follow thru this time? the skeptics say look at history. with that attitude, nothing would ever change. i say look at the future.
one other reason why this time around is different: LOOK AT THE VOLUME!!! the skeptics say this is negative!!! WHY ?????? if the rumors are accurate, and the sellers are the bankers who lent the company $800,000 a few years ago, then this is extraordinarily positive. because that means others have been buying over 600 million shares in the last two weeks. and the sellers may want to get out no matter what. and once the sellers run out of shares, there won't be ahything to hold the pps down. yesterday's volume may be hinting at that fact - maybe the sellers are done. so now, if good news does pop up in the next week or so - and the company promised multiple pr's prior to the meeting - maybe the pps will react as expected.
always wonder what motivates people? why are the equitygroup skeptics posting here? i guess they feel we need saving. did they ever think, WHAT IF THEY'RE WRONG??? WHAT IF THIS TIME AROUND THINGS ARE DIFFERENT??? if that is the case, then maybe they're not saving anyone --- maybe they're actually hurting some.
can insiders trade within a certain time frame vs. pr's etc.? i am fairly certain that insiders and officers are not allowed to trade shares within a certain time frame vs. pr's, shareholder meetings, etc. now, i know pink sheet stocks don't have to file as much as "normal" stocks, but i still think insiders have to follow the rules. therefore, don't expect to see much insider trading until after the shareholder meeting --- especially since multiple pr's are expected any day now (since they probably have to get this info out in a reasonable time prior to the meeting --- especially if proxy voting is involved.
my gut feeling is officers (john and peter) will be rewarded with additional shares if the upcoming news is as good as i expect it to be. frankly, as long as i'm making money, i would like to see them making money too.
Questions (seems ebbtide is most qualified to answer): 1) heard commercial unit (addpower) was four times larger than original swedish unit. Developed with partner NaREC. Any idea how many units are pre-ordered? Will this fall under an addpwer, inc. IPO? (heard they finally paid nevada for new incorporation) 2) egyptian project makes sense, since they already had liner for dumping waste. Did they get permit/approval from egyptian govt. yet? Will this just be a dump? Or WTE plant too? 3) italy - sounds interesting! WTE plant ? 4) is indiana project dead ?
a lot of misinformation on this mb. i usually post elsewhere. first off, the shelf offering ( the increase to 10 billion shares ) allows ipwg to issue shares. NO NOTICE WAS GIVEN THAT ANY SHARES WERE ISSUED (YET). btw, approx. 1 billion shares are outstanding now.
this shareholder's meeting can only be a positive. most shareholders have a very negative opinion of management (hopefully this will change). previous pr's never met with follow thru, so at the very least there is disappointment and skepticism from most shareholders.
so why would management stand in front of dozens, or even hundreds of disappointed and/or skeptical shareholders --- to get yelled at --- to get booed --- to get shouted down (like the recent health ins public hearings). OR IS IT THAT SOMETHING NEW IS HAPPENING? HAS MANAGEMENT ALREADY SECURED FINANCING TO FOLLOW THRU ON THEIR NEW PLANS? IMO, YES !!!!!!!
another interesting point --- ipwg has paid for, and recently secured a co. license for addpower, inc. (in nevada). this would be an ipo, which a co. pr discussed several months ago. COULD THIS BE PART OF THE NEW PLAN? IMO, YES !!!!!
so if management has finally secured the necessary finances to put their plans into action, AND FINALLY, WILL BE ABLE TO FOLLOW THRU, THIS COULD BE VERY EXCITING FOR LONGS. btw, imo, the shelf offering will be partially used to help secure these finances.
besides addpower ipo, maybe we'll get lucky and see a new wte plant, or two. ARE THE PLANS IN INDIANA DEAD? MAYBE SOMETHING IN EUROPE? ARE THE EGYPTIAN PLANS DEAD? WHO KNOWS, BUT TODAY'S PR SAYS THEY'LL BE ISSUEING ADDITIONAL PR'S TO LET US KNOW WHAT IS HAPPENING !!!
sorry this is so long, but as a new member, only allowed 3 a day.