The English transalation:
Next Posted by: mofnc dates: Sunday, July 25.2010 12: 05:17 PM in reply to: None post # of 10384 for the investor Italian group, Thursday , 7/29, I will take the appropriate legal action with the competent authorities. I have a plethera of information that, very probably adversely effect the outcome of this success companys future. I fell I do not have other remedies that protect the little that remains of my investment.
The above is the Italian to English translation of mofnc's message. However, I would like somebody to answer what I think are legitimate questions as follows:
1. There is no dispute or question that the Irish invested their money in IPWG. Does anyone diagree with that? That having been said, why shouldn't the Irish have a right to examine the books and records in order to see if their money went where it was supposed to go?In fact, as shareholder's shouldn't we be allowed to view the books and records as well?
2. Fact--the transfer agent said there was never any shareholder meeting on May 7th the date JB signed the resolution authorizing the 5,000,000 shares of preferred stock. Delaware law required a shareholder meeting in order to do this. IPWG through JB files a 242 form stating shareholder meeting was held? The shareholders vote in September for the 10 billion and the preferred stock. How can the preferred be considered valid when the May shareholder's meeting never took place?
3. Fact---the transfer agent tells shareholders that he has never seen the amount of dilution day after day of one stock like IPWG did several months ago. Is it just a coincidence that rumor had it that Toscano was practically broke and that now he has completed construction of his house, paid for wife's plastic surgery, bought other real estate, joined a country club, etc. etc., when shareholders were told dilution necessary to pay for lawyers and accountants and keep company afloat. First of all, I may have missed it, but I have seen no postings of company's fiancials,let alone see any press releases regarding the chill or the Poland project. As shareholders don't we have a right to know exactly where that money has gone because no one was selling the stock.....the company was DILUTING the stock. Where are our rights? Someone please agree or disagree with me.
4. VR has failed to justify items 1, 2 or 3 above. I believe VR, imo is EBBTIDE since he has flowed away downstream and no longer pumps the company......imo another Toscano puppet.
5. Where is the money? You can tell me whatever you like about time it takes to wire money, etc. etc. This is all bullshit, imo. JB always talks about seeing the job through for the shareholders. What is he doing? How would I know. Not one release has come out in months except we put Ialian on board and he is off now and that was never announced. The poland project has not started. The chill is still there. John what the fu**k are you doing? What is the difference between IPWG a year ago and today except our shares are virtually worthless? Say it ain't so John and show us the money. Tells us John in a PR what you have been doing the last few months except collecting your monthly $1200 check so we as shareholders know what is going on.
6. John, even if you have the $7,000,000 have you not announced it because you know, even thugh the preferred stock is illegal, it has to be redeemed and the preferred voting rights would be lost leaving the board powerless and surely to be voted out by the shareholder's in a meeting that would definitely be held soon afterward. Don't you feel Toscano has cornered you and the board by sucking you into the May 7th resolution? Someone tell me how is that May 7th resolution valid as to the preferred without the shareholder meeting? In any event those shares have to be redeemed once the money is announced.
There is one little positive outcome........if the $7,000,000 is in the bank as numerous messages are saying the only way the money could ahve been received by IPWG is if the monies for the first traunche in Poland has been delivered which wuld mean the Poland project is for real.
