IR Responce
From: ncj167@gmail.com]
Sent: Friday, March 18, 2011 10:41 PM
To: ir@globalcapacity.com
Subject: Pivotal Acquisition
Good evening.
One question for shareholder of global capacity. Once the court approves global to go private what happens to the common shares of global capacity?
Thank you for your honest answer.
XXXXXX
Responce
On Mon, Mar 21, 2011 at 7:06 AM, Dan Kardatzke <DKardatzke@globalcapacity.com> wrote:
Chris,
As announced on February 1st, 2011, the sale of substantially all the assets of Capital Growth Systems d/b/a Global Capacity to Pivotal Group has been approved by the Bankruptcy Court of Delaware. The company is now moving forward with the regulatory approval process and expects to exit bankruptcy by May 31st, 2011. Also as announced, the Company will emerge as a privately held company with no debt and positive monthly cash flow operations.
This announcement has resulted in a number of investors inquiring as to the status of their shares in Capital Growth Systems that are held today. The structure of the transaction is such that Pivotal has only acquired the assets and the shares will remain with the estate. As we work towards the structure of the wind down of the estate, more information will become available regarding the status of the CGSY shares moving forward.
If you have any other questions in the meantime, please let me know.
Regards,
Dan
AI
