Wednesday, January 05, 2011 12:04:38 AM
And I considered you one of the smart ones. Do you really think I sound like ebb? Funny. I tried to be as diplomatic as possible because all new posters get whacked with some conspiracy b.s. Oh well, you are right about one thing, tiring and useless. If you read my post, I wasn't advocating a position. It was more of a response to investor's yelling and screaming about "dd" when his position was off the mark. Calling everyone idiots when your own position is flat wrong is about as tired and useless as it gets. Contrary to Investor's bravado, I don't think there is any question that the author of the "report" or whatever you want to call it was referring to our IPWG--the U.S. International Power. However, my suspicion is that the author simply took the old IPWG pr from a couple years prior and failed to do his own dd to follow up on whether IPWG followed through on the promising language in the old pr. I doubt there is actually a plant up and running in Saudi Arabia. I don't think anyone who thinks otherwise is an idiot, but are simply so desperate for some news, anything to believe in with this company, that they overreach. (I do think it is silly that anyone would think the story was an orchestrated fabrication by the powers at IPWG--pretty obscure and pretty thin.) What is more likely? That IPWG is generating revenue from an operating facility or the author got it wrong? If IPWG were making money--why continue to dilute? Sure the dept. of power or whatever in S.A. talks about the plant coming on line in 2009 or whatever, but again, I suspect this is the same mistake. I doubt this is some grand scheme where IPWG is laying in wait for the chill to be removed until they announce a monster p.r. about an operational plant in S.A. Or, more awesomely dramatic, maybe they have not finished their 2009 financials because they made so much money on the S.A. plant and add-power sales that they didn't want to release the information until the chill was lifted! (I'm being sarcastic here.) I could come up with dozens of fantastic theories and dozens of nightmare scenarios. However, what is the point? I doubt IPWG is anything but what it appears--a concept waiting for money. I don't believe it is a scam. I think the truth lies somewhere between Investor/Inthemix and Cash and Gapper with some ineptitude and some competence in the mix. I hope I get proved wrong about the Saudi Arabia thing, but I doubt it. I would like to let my skeptic die and join the fantastic voyage, but I just can't get there. If the chill ever goes away, I think most of the speculation and nonsense will end and the veil will come off this company. Until that happens, tired and boring. Good luck all.
