Replies to post #12307 on International Power Group Ltd (IPWG)

[gnolfinvestor]

NOT TRUE !!!!!!!!!!!!

The Agreement provides that the first traunche will be for an amount not to exceed 10% of the aggregate authorized funds. The Company will receive a management fee of 5,000,000 Euros payable at the time of the funding of the first traunche. The total funding commitment of 250,000,000 Euros is in accordance with various conditions and covenants, as set forth in the Fund Agreement.

THIS IS FROM THE FEB 2010 PR !!!

looks like 2% to me !!!!!!