International Power Group Ltd (IPWG)

[Barney Vissur]

Finally had something of some relative substance to post, so decided to:

Aren't they a DE corp with a foreign activity certificate in FL? (Tried searching NV, but it says their website was currently under maintenance). Did find them under DE as a DE corp, but there is an additional user fee for confirmation that they are in good standing in DE so don't have that info.

Searched FL, their last filing was 1/18/11:

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=F06000001560&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=INTERNATIONALPOWER&names_filing_type=

A few confusing/interesting things that are in the FL filing:

1) Obviously, it would be nice to see it updated to include the members everyone is looking to verify - an Irish bd member (under the heading of officers and directors). Believe this was explained away previously as they couldn't fit all the directors names on the renewal - certainly feasible. Regardless, is there any individual on this mb that would deny that they wouldn't like to see an Irish member on that list to confirm the Irish member on the board, particularly when it's been theorized too often that they're not?

2) There was a statement on their account about "CANCEL ADM DISS/REV". Does that mean they had an administrative dissolution canceled? No reason to get into a debate on that because it could very well mean that they were behind in some filing fees or application, got current, so FL canceled a pending dissolution of the company's right to do business in FL. It is obviously important, however, that they remain in good standing because no loan will be made to any dissolved entity nor will any contract be valid for a dissolved entity. (A loan or contract can't be made with an entity that doesn't exist under a state law). It is troubling that an administrative task like this though would be allowed to get to that point if that's what occurred when alleged contracts are at risk, but not atypical of a company that is in limbo one presupposes. Regardless, almost every contract is drafted with a clause that the entity is active and in good standing. Why would they risk that? BUT, they DID correct that issue.

3) Less significantly, JB signed 2010, PT signed 2009 and 2011 and PT's office was changed from CFO to COO.

Well, no news is good news, right? Yes, something like that. GLTA.