International Power Group Ltd (IPWG)

[Alleyba1]

Alleyba says:

Spencer do not believe everything you read on the message boards. I find it impossible to believe the Benvengo would be so stupid to tell shareholder's that if they do not get the money in the next 6 months they are closing the doors.What CEO would make such a statement? Hopefully, that stupid he is not. Why would you push shareholder's who are on the fence to sell and force them to sell to salvage some part of their money by making a stupid statement such as that. If he is telling shareholders that he is dumber than I thought because that is inside information. If he needs 6 more months to get the money maybe he should let the Irish just take over and step down.

Maybe the delay with all of this and I am thinking out loud, is who would give millions of dollars with no financial records to look at? For months Benvengo did tell shareholders they were diluting to pay the accoutants to get the books done. In Benvengos own words "this is a non-revenue company" so why are'nt the books up to date? Maybe that is why the Italians have not released the money to Sandford and Son. This is conjecture on my part....but I now if I were going to put up 250 million Euros I would want to see updated financials.

But getting back to the main point if the ceo is saying he is closing doors in 6 months unless money comes, he is making inappropriate comments. The best thing Benvengo can do is keep his big mouth shut