Replies to post #17417 on International Power Group Ltd (IPWG)

[KnowProphet]

There's no way they "got the times mixed up". That's a pathetic excuse for incompetence.

-reply to other poster; not you Allyba

[gnolfinvestor]

gee, let me take a wild guess why the meeting was postponed. ipwg has no money to pay lawyers.
they haven't diluted any shares since may 2nd.
any volunteers out there willing to pay the lawyers?
so did you want them to go into the hearing without any legal counsel? or is a postponement more logical?

btw, i really don't know why this is a big deal. there is only one thing that really matters, and that's getting the financing. once they get the financing, imo, the chill will magically disappear. POOOF! because it will be bypassed with the issueing of new stock with a new name (ipwg, inc.), new cusip #, and probably with a decrease in the number of outstanding shares. NEW SHARES WOULD INSTANTLY FIX THE PROBLEM - BECAUSE THE NEW SHARES WOULD NOT BE TAINTED. plus the dtc would realize ipwg was not going to disappear, and would eventually have to deal with the legal consequences of the chill situation. so placing a chill on the new shares would only exacerbate their legal liability.

you may ask, then why haven't they done this already? BECAUSE IT COSTS A LOT OF MONEY, AND THEY DON'T HAVE THE MONEY + IT WOULD, IMO, REQUIRE UPDATING THE FINANCIALS (TO GET THE SEC TO APPROVE THE NEW ISSUE), WHICH WOULD COST MORE MONEY + PAYING THE LAWYERS INVOLVED, ETC. imo, this would run close to half a million dollars, or more.

[martin33]

Could the management of this company be any WORSE.How sad not
to show up for a meeting that would enable the company to
possibly have the CHILL lifted. How can we expect anyone to
want to give this company any financing with this type of
MANAGEMENT. I really thought we had a chance to get the
financing even with present management. They have completely
DESTROYED any chance of that HAPPENING. If it is true that
the IRISH can't do anything about getting PT out and try to
save this company,we are FINISHED. On second thought about
why management did not show,they had to go to WASHINGTON for
the hearing. They don't have 2 NICKLES to rub together, so
how were they going to get there.How sad it is that they are
the people who are trying to get the MONEY.