International Power Group Ltd (IPWG)

[Alleyba1]

ALLEYBA SAYS:

I cannot speak for other people, but I certainly relied heavily on the PR's put out by management that money was coming imminently and bought off of that news. When a company TELLS YOU in a written press release APPROVED by their lawyers that they are getting the money why would you not buy if you believed all the other "factual" that had been published. Was it my life savings? No, but it was funds I would not have spent but for their APPROVED BY LEGAL PR'S.

Secondly, in speaking to management and thos who spoke to management, it was always postured by management that this was a done deal and the financing was about to be put in place.

Thirdly, there were those who went on the board and intimated that by virtue of their personal relationships with the CEO and management that the deal was about to be done and the financing was in place.

So in essence I acted on what I read and what was published by management in their "APPROVED LEGAL" press releases and spent much more money that could have gone to other more important things.

IMO all that was done was dilution with a couple of pump and dumps thrown in and the only ons who may have reaped the benefits were management that most likely sold into the famous Thanksgiving run up.
Never any press releases explaining why the money never came just leads me to believe, imo, that this was a well orchestrated scam.

IMO when all is said and done management should be investigated and jailed for anything that may have been done illegally and that is my opinion.