Replies to post #3159 on Technipower Systems, Inc.(fka TECZ)

[kittystwigster]

The paragraph below taken from the 8k appears to indicate that the Debentures have been redeemed, and no more are outstanding as of today.

If accurate, the PIPEs have taken shares in exchange for the debt we have with them, and there will be no more Warrants or traunches for past fundings. The question remains whether future PIPE deals will be undertaken for our funding needs; I doubt that they will. If I'm right, the ramifications are all good. I'll have to review the previous filings for confirmation of my thinking, but as it stands now, it appears all the insiders and the PIPES received shares or Options for Services Rendered or their loans at around the same .007 price. That's a good thing fellow Shareholders, because that is where retail could have bought today too. Not saying we won't go lower, but at least we'll be cutting into their costs if we do drop lower; so if we do drop, I believe it will be "temporary".

"On January 29, February 3, 5, 9, and 10, 2009, the Company issued 49,188,315 shares of Common Stock to four holders of its Variable Rate Self-Liquidating Senior Secured Convertible Debentures due September 1, 2009 (the “Debentures”). These shares of Common Stock were issued both pursuant to the pre-redemption provisions of the Debentures and pursuant to separate redemption agreements."

Kitty

[KnightHawk]

I know how you feel fivestar. I got burned bad on another company that did the same thing on the reversesplit for no real reason. But SOLM is worth the fight. To much money is involved to the average shareholders to not fight.We are talking billions of dollars plus futuring liecensing and sells ect This is never ending. The more Toyota waits the bill to SOLM gets bigger by the year.
Perhaps in the future after SOLM wins from Toyota on this case and more cases to come on other cars in USA ect and the world plus the illegally liecensing to other car companies.
This is a never ending of future cases to come.
We can group up and petition a federal law so this kind of reverse split (when you are able to vote and some companies you are not allowed to,) wont happen to other shareholders on different companies who does reverse splits super unfairly that kills the average American shareholder and does not affect the insiders of that said company of penny stocks. I read and see this happens alot and I believe this needs to be changed with a Federal law. I'll bet President Obama will sign it once its professionally done.

[Hammer1]

Out at .01 and GLAD I AM! For a while I thought this was the next TAZR! Hammer