Ok everyone!!! Im back hope everyone is ok. Lets move on.
I have emailed Dan with CGSYQ and he replied back here it is.
From: ryan man [mailto:primetime678@yahoo.com]
Sent: Sunday, May 08, 2011 2:58 PM
To: ir@globalcapacity.com
Subject: Investor Relationship
Im sorry I meant to say May,21 not April. And I've been hearing around that on the 9th of May. Ya'll are going to BK hearing. Is this true or on the 16th of May. One more thing. Is the Merging with Pivotal true? And if so how will this benefit CGSYQ shareholders? How will this increase our share value? Thank u very much for taking your time and reading this and responding back, I do have faith in this company. I truely do at times i wish i would have abandoned ship, but something just made me stay.
From: Dan Kardatzke <DKardatzke@globalcapacity.com>
Sent: May 9, 2011 5/9/11
To: ryan man <primetime678@yahoo.com>, ir@globalcapacity.com
Subject: RE: Investor Relationship
Ryan,
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.
From: ryan man [mailto:primetime678@yahoo.com]
If the company is emerging with private held company. Is cgsyq going to become a private company?
From: Dan Kardatzke <DKardatzke@globalcapacity.com>
Sent: May 9, 2011 5/9/11
To: ryan man <primetime678@yahoo.com>, ir@globalcapacity.com
Subject: RE: RE: Investor Relationship
Unfortunately not, the assets are being sold to the private company. The shares remain with the estate and at some point the shell will either be sold or the shares will be canceled according to the Plan.
And then i asked does this mean we could end of with nothing? and he never responded back.
