Replies to post #10550 on International Power Group Ltd (IPWG)

[Itsallinthemix]

Thank you Baller1

[Barney Vissur]

Balls, is that the way it's working? Oh, if that's what they said then it MUST be TRUE!!!...like every other pr. Query - why didn't they provide a pr when the director "left" because the Italians felt so comfortable about the money being handled correctly? THAT would have actually provided some comfort, particularly when they gave the pr saying he was on board.

[beachman]

Not to run interference here but Baller has a point. Unlike what appears to be happening with IPWG you can rest easy that the italians will be watching those expenses. They aren't fools. They will be accountable for their end. Those engineering expenses etc etc that will be monitored. IPWG gets an admin fee.
JMO but if that 375 m eu ended up in the coo's hands it would be just a joke. Commonly called giving a loaded MAC 10 with a hair trigger & 5 clips of ammo to a baby .From what I've read here these guys IMO appear challenged just to manage their shares imagine giving them a key to the bank. Money like that is always protected by the lendor everywhere today.
So as small of a portion as that is right now that IPWG is to rcv the concern for spending is no less. Thats why a quality CFO is needed . They need clean books and justifiable expenditures that shareholders and the Italians can be secure with.To grow this company we need to to come out of this project with good results if we are to continue on to the next project. I fear this rumor about this airline leasing as I see it as a monetary diversion to create a business and a source of revenue for those starting that and not for IPWG's shareholders to benefit from. Will that money be used to finance another venture unrelated to IPWG? Only an audit and a good CFO will be able to answer that. Thats why we need audits, a CFO and a good BOD's to keep the shareholders best interest here.

[kennypooh]

The Italian financing company is NOT leaving 375M Euros with IPWG... whatever it costs to build the WTE facility is going directly to Volga International (construction company)... the absolute only thing going to IPWG is the 5M Euros.... The financing company will then hold a lien on the WTE plant as collateral until the loan is repaid....

Pardon me for butting in, but could you please direct me to a public release that lays out the terms between the players involved in the Polish WTE project? Anyone? TIA