Technipower Systems, Inc.(fka TECZ)

[kittystwigster]

The paragraph below taken from the 8k appears to indicate that the Debentures have been redeemed, and no more are outstanding as of today.

If accurate, the PIPEs have taken shares in exchange for the debt we have with them, and there will be no more Warrants or traunches for past fundings. The question remains whether future PIPE deals will be undertaken for our funding needs; I doubt that they will. If I'm right, the ramifications are all good. I'll have to review the previous filings for confirmation of my thinking, but as it stands now, it appears all the insiders and the PIPES received shares or Options for Services Rendered or their loans at around the same .007 price. That's a good thing fellow Shareholders, because that is where retail could have bought today too. Not saying we won't go lower, but at least we'll be cutting into their costs if we do drop lower; so if we do drop, I believe it will be "temporary".

"On January 29, February 3, 5, 9, and 10, 2009, the Company issued 49,188,315 shares of Common Stock to four holders of its Variable Rate Self-Liquidating Senior Secured Convertible Debentures due September 1, 2009 (the “Debentures”). These shares of Common Stock were issued both pursuant to the pre-redemption provisions of the Debentures and pursuant to separate redemption agreements."

Kitty