International Power Group Ltd (IPWG)

[beachman]

Not to run interference here but Baller has a point. Unlike what appears to be happening with IPWG you can rest easy that the italians will be watching those expenses. They aren't fools. They will be accountable for their end. Those engineering expenses etc etc that will be monitored. IPWG gets an admin fee.
JMO but if that 375 m eu ended up in the coo's hands it would be just a joke. Commonly called giving a loaded MAC 10 with a hair trigger & 5 clips of ammo to a baby .From what I've read here these guys IMO appear challenged just to manage their shares imagine giving them a key to the bank. Money like that is always protected by the lendor everywhere today.
So as small of a portion as that is right now that IPWG is to rcv the concern for spending is no less. Thats why a quality CFO is needed . They need clean books and justifiable expenditures that shareholders and the Italians can be secure with.To grow this company we need to to come out of this project with good results if we are to continue on to the next project. I fear this rumor about this airline leasing as I see it as a monetary diversion to create a business and a source of revenue for those starting that and not for IPWG's shareholders to benefit from. Will that money be used to finance another venture unrelated to IPWG? Only an audit and a good CFO will be able to answer that. Thats why we need audits, a CFO and a good BOD's to keep the shareholders best interest here.