International Power Group Ltd (IPWG)

[Bane]

There is not a GLOBAL FREEZE...

The DTC has suspended all services for IPWG.

http://www.dtcc.com/downloads/legal/imp_notices/2009/dtc/ope/5704-09.pdf

As a result of an SEC Litigation Release, DTC has suspended all services, except Custody Services, for the below referenced issues. The suspension is effective September 30, 2009.

CUSIP SECURITY NAME
22743P100 Cross Atlantic Commodities, Inc.
294113105 Enzyme Environmental Solutions, Inc.
46018A100 International Power Group, Ltd.
761379106 Revenge Designs, In

Additional DD...

The South Florida Journal News Release

http://southflorida.bizjournals.com/southflorida/stories/2009/09/21/daily69.html#

Besides Weston-based Cross Atlantic, the issuer companies named in the suit are:

International Power Group, a Delaware corporation located in Celebration which purports to operate a “waste to energy” business.

The SEC Complaint

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

Page 10 shows where the company made a Wrap Around Deal with Signature Leisure and IPWG had issued them 162M shares for $126,000. However, Signature Leisure had only sold about half of these shares as of August 17, 2009. With the remaining debt of $80,000 IPWG was to issue another 100M shares under the second agreement.

So lets just say IPWG and Signature deal will be dropped from the complaint...and allowed to continue with this Wrap Around Deal...Simple math shows...

First deal 162M issued for $126,000
Signature stands to make $970,000 from the first deal calculated as such 162,000,000 x .006 (just a pps average)=$970,000
The pps could be higher for I am sure that run we had they bled them in FAST and Furious.


Second Deal 100M shares for $80,000.
Signature stands to make $600,000
calculations are the same with an average pps of .006.

So all in all IPWG Company Officers have or will issue 260M shares to Signature Leisure for a total of $206,000. Standing to make a MINIMUM $1,570,000 all at the expense of the loyal IPWG shareholder by flooding the market with 260M shares.


Now with this recent PR.

http://www.streetinsider.com/Press+Releases/International+Power+Group,+Ltd.+Announces+the+Retirement+of+Peter+N.+Toscano+From+Its+Board+of+Directors+and+Executive+Team/4982294.html

Mr. Toscano continued, "I am excited about the future of IPWG, a company I worked to develop over the last several years, but I would now like to focus my attention on certain legacy issues that have caused harm to IPWG and its shareholders and IPWG's ability to succeed in the past. I will now be focusing my efforts on pursuing those individuals and institutions that have caused harm to IPWG and its share value. By working with IPWG and its counsel I intend to use my historical knowledge of IPWG to recover lost value for IPWG and its shareholders."

How can someone say that when they knowingly are issuing 262M shares that will flood the market and cause repercussion for the shareholders?

I feel Mr. Toscano's retirement is very coincidental with the SEC Complaint filing dated Sept, 24, 2009 and a PR is released Sept 30, 2009 mentioning same.


I hope all this clears up and we head back to the $10 range in a year or so!

GL2US!