Message #15016 From:
kl11777 Date: November 8, 2009 10:34:30 PM
TAI3 - OWE YOU AN APOLOGY
this got lost in the shuffle.
probably owe you an apology. really thought you were lying about being long. can't understand why you have become so down on ipwg, just when they finally seem to have gotten their act together. i can understand why past experience owning ipwg can certainly put a negative spin on things - BUT THE TIMING MAKES NO SENSE !!!
if you wait a week or two, and the italian deal does not get signed, and the polish deal is abandoned, then i probably will be just as pessimistic as you are now - BUT THE TIMING MAKES NO SENSE !!!
even if you don't want to buy any more shares now - and if you have read my posts in the last few weeks - i have flat out said i am not buying any more - because i loaded up when it was under .0025, and lower. i also stated, imo, that's why you aren't seeing a whole lot of buying now. because the people that believed the financing would follow thru, and the people who thought the polish deal would follow thru, have already loaded up too.
so i guess what i don't understand is THE TIMING !!! why not wait another week or two at this point. you've been in the stock for years. what's another two weeks. and if your past experience has blinded you so much to the possibility that they could actually succeed this time around, i'm sorry you have lost all faith and hope. but blinded or not, you have to admit that there are some differences this time around. unfortunately, i assume you weren't at the shareholder meeting. this probably was one of the most positive sh meetings i have ever been to - and i've been to a few - because there is no better place for common shareholders to do their due diligence. at this sh meetings, i found out all you have to do is listen - especially after the meeting is over - at lunch for example. just sit at a table with an officer of the company and listen. ask a question or to to move the conversation along the directions you want them to go, and you'd be amazed at what you can learn. plus if you are a good judge of character, you'd be surprised how easy it is to separate the truth from the bs. just listening to several different officers, and realizing they were all believeig the same things, convince me there was honest conviction present - and not a pump and dump situation.
anyways, the point i'm trying to make is, that things are very different this time around. forget the nonsense about 1 and 2 year old projects still being viable (they may get reawakened in the future). just look at what they told us at the sh meeting.
1) addpower is alive and well. we have a partnership with NaREC - who is putting up $4million to built a commercial sized version of addpower - to get it ready for market - and they also stated that their are multiple large size preorders for these commercial addpower units - once they are ready. and the date they gave at the meeting for when they would be ready was approxiamately around the beginning of next year. and each addpower sold would net a profit of $2-3 million - depending on which size.
2) the polish deal is ready to go - they only need financing. they also mentioned that they are ready to go with (a couple of) mexican wte plants.according to john, mexico will be where the next wte projects will be (after poland).
3) the likelihood of the italian deal closing is 99%. that number was given by john benvengo. and if you have spoken with john, you would understand he usually understates things. he is not one to exaggerate. and yet he is honestly excited by the current situation. remember too, that john has not drawn a salary from ipwg in almost a year. so why would he be working for free, unless there is something in the future that will make his holdings so valuable, to make it all worthwhile.
4) the italian funding = $375 million. they only need $108 million for poland. the remaining money for additional projects ---> that's where i extrapolated and came up with 2 mexican wte plnats.
AGAIN THE TIMING MAKES NO SENSE. WHY NOT WAIT ANOTHER COUPLE OF WEEKS AND SEE IF THIS TIME AROUND, WE GET FOLLOW THRU. costs you nothing, and if there is follow thru, it will make your ipwg holdings worth many multiples of what they are worth now. you have proclaimed it is not worth selling now anyways - so why not wait another week or two with a neutral attitude. what is there to lose at this point.
btw, to say you are saving others - that's a double edge sword. what if your posted messages convinces someone not to buy - AND THEY DO FOLLOW THRU, and the stock gaps up double, triple or even more. how big a gap would there be when it is announced that the italian deal is signed ?
