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Re: gnolfinvestor post# 1139

Saturday, 09/26/2009 8:15:43 PM

Saturday, September 26, 2009 8:15:43 PM

Post# of 19695
It was the company, not one of its officers. The company used a wrap around agreement to pay off an unpaid dept, loan, or salary of one of its officers. Page 10, para 42 sums it up pretty well...

http://assets.bizjournals.com/cms_media/southflorida/pdf/K&L%20complaint.pdf

Although it still does not mean IPWG did anything illegal, it was the company acting...not a lone, off the reservation officer.

I bought more on Friday too...but I see more and more possible bad outcomes for this now after Friday's news.

Paragraph 44 is a real kicker...