International Power Group Ltd (IPWG)

[gappa2]

Here is a thought:


I think I've nailed it. The guy we were instructed to call at the DTC(Mr. Ames) is out of his office until Mon. Friday is the end of the three day period the DTC has been given to respond to IPWG's request to remove the wrongful chill. IMO, the chill will be lifted Monday when Mr. Ames returns, followed by financing a few days later.

Since the chill, Signature Leisure has had the opportunity to buy the shares(that they released on the market too early) back and has done so. They'll recieve a slap on the hand, and then release them back onto the market legally or hold them for awhile.

To me it looks like Signature was on their last leg just like IPWG was when this wrap around was initiated. Their market cap is lower than IPWG's http://www.google.com/finance?q=Signature+Leisure+Inc.

So, here's the whole plan as I see it with the wrap-around promissory note between the two parties. Signature was so confident about IPWG that they were willing to risk a large portion of their remaing wealth into the company http://www.reuters.com/article/pressRelease/idUS212201+09-Feb-2009+BW20090209 . This was done right after they(SL) turned Pink. They had to release half of the shares early to stay afloat. In my opinion they sat on the remaining 80 mill. shares until recently, then sold during the spike, just before the chill at .015 and bought back all 160 mill shares during the chill at an average of .007. Chill gets lifted, Signature shows proof of shares, IPWG gets financing and uses part of it(about a 3/4 million)to buy back the shares at around .04 or Signature signs a new agreement with IPWG to become a long term partner.

So, it's kinda like, you scratch my back and I'll scratch yours. Everybody's happy. It's a brilliant idea and at the time I believe it was one of the only options to keep this incredible company alive. Go IPWG!!!