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Here is help for shareholders that got burned by Pauly ,these stocks may help and all owned by billionaire Dr Philip frost this guy is a great man!here is a list opk,cocp,lvnvf,do your dd they could help in my opinion,big things are happening just take a look.I report you decide good luck to all
Hey Pauly karma is a bit#!!##!.just remember good or bad karma nobody escapes it,meaning you do bad things to people and you get bad things,you do good things to people and good comes back everytime.live it brother!!what goes around comes around!!
I have not been reading all of the fine detail but the only way this could be a monsta is if there were any warrents included in the buyout. it happened once at PGS a Norwegian oil field services company. The compamy went bk but common shareholders were given the rights to buy shares of the new company at a very good price which gave great value to the commons. Most people sold the shares because the warrents were expensive
Does the company buying CIGW trade publicly. Other than that, I don't know where the value will come from
gl. I sold mine at .18 for a 50% loss about a week before the current news hit. I sold because i could not get any response from IR to help me understand the share structure after those sec filings which i tried to read. Made my hair hurt. Couldn't understand what the F was going on so i wrote for some help and got none so preservation of cap. I got out
I did and I wish him all the luck in the world on CIGW.
He is a penny pumper, look at all his posts!
Not what we are experiencing and not what is set to happen due to company selling us out. Why do you say what you say?
CIGW~ will be a MONSTA!!!!
Below are 2 law firms that I have made contact with, the more persons contacting these firms regarding class action litigation against CIGW, the better our chances are for getting representation. The basis for conducting an investigation of the merger / acquisition of CIGW with Vertical Bridge is that prior knowledge and fraud was put forth in the public disclosure relative to the timing of the negotiation and approval of the merger by Fir Tree Capital and CIGW management. The omission of full disclosure gives cause for possible violation(s) of federal securities laws. The cause for investigation concerns certain statements issued by the Company and their contracted Public Relations media firm(s) in connection with said lack of disclosure and/or withholding of information so as to influence common shareholder stock purchase.
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Rosen Law Firm represents investors throughout the globe, concentrating its
practice in securities class actions and shareholder derivative litigation.
Please visit the website at for more information. You may also contact
Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via email at pkim@rosenlegal.com or jhorne@rosenlegal.com.
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Jonathan Horne, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
jhorne@rosenlegal.com
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Levi & Korsinsky announces it has
To obtain additional information, GO TO:
contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm's attorneys have extensive expertise
in prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
I could say a lot worse than what you did but I agree with every word. I know if I was in front of the people that pulled this theft off, I would have to be restrained. That is how I feel. Every turn in this Penny world is screwy.
Hey Paul & the other bandits; you all have to & must be so proud of yourselves that you to a company and its stock from two years ago trading @ $5.00 + to $.018 today!!! Along with greasing the rear-ends of every common stock shareholder. Congrats, great job and choke on all and every bit of compensation you receive from the merger!
Read the 8K from yesterday; Dissenter's Rights, Page 82 - 84. Looks like they setting up a charity fund/provision for the Preferred Series "B" & Common? @ $.01 per if I have read it correctly?
How magnanimous of them?
Contact e-mail for SEC regulator on the case: james.gallo@ag.ny.gov
Great from what I read the company can screw you and not even have to say thank you.
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
Your complaint regarding CIG Wireless has been forwarded to the SEC's Office of Investor Education and Advocacy for a response. Corporate governance issues, such as the decision as to how a merger is structured, are controlled by the corporate law in the state of incorporation of the company. Most corporate decisions fall within the purview of a company’s board of directors and management, subject to what is generally known as the business judgment rule of the state where the company is incorporated. In normal circumstances, the business judgment rule affords directors and management great discretion in the manner in which they conduct the business and affairs of the company.
With regard to these questions, we suggest that you contact the regulators in the State of New York where the company is incorporated, for any information they may be able to provide about fiduciary duty and the business judgment rule under New York state law. The contact information is as follows:
Office of the Attorney General
Investor Protection Bureau
120 Broadway, 23rd Floor
New York, NY 10271
212-416-8222
http://www.ag.ny.gov/bureau/investor-protection-bureau
Sincerely,
David Cohen
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
Alerted Stock(s): CIGW
Dear Fellow Subscriber,
Our system has found insider trade filings for the following stock(s) in your stock watchlist:
CIGW: CIG WIRELESS CORP.
Insider(s) Filing Date: April 03rd, 2015 - 01:01:27 AM
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New insider filings for CIGW: CIG WIRELESS CORP.
10% shareholder: Camellia Partners, LLC
Acquired 11,559 Series A-1 Non-Convertible Preferred Stock on Apr 1, 15. Indirect holding 515,817 shares/units after transaction. Holdings increased 2.29%.
Acquired 3,280,642 Series A-2 Convertible Preferred Stock (Derivative security at conversion or exercise price: $1.000) on Apr 1, 15. Indirect holding 122,098,108 shares/units after transaction. Holdings increased 2.76%.
Acquired 9,386,490 Series A-2 Convertible Preferred Stock (Derivative security at conversion or exercise price: $1.000) on Mar 31, 15. Indirect holding 118,817,466 shares/units after transaction. Holdings increased 8.58%.
Disclaimer:
Pennystocksinsiders.com focuses on tracking and monitoring insider trading activities in the US stocks market. "Insider Trading" means trading activities created by company directors, senior officers, individual substantial shareholders, and institutional shareholders. pennystocksinsiders.com does not represent, warrant, nor endorse the accuracy, reliability, completeness or timeliness of any of the information, content, views, opinions, recommendations or advertisements (collectively, the "Materials") contained on, distributed through, or linked, downloaded or accessed from any of the services contained on the website (the "Service"), nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of an advertisement or any other information or offer in or in connection with the Service (the "Products"). pennystocksinsiders.com collects insider trading information from different public sources such as newspapers, financia l information websites, and government statistics publications. You hereby acknowledge that any reliance upon any Materials shall be at your sole risk. In particular, none of the Materials is provided on the pennystocksinsiders.com website or emails with a view to inviting, inducing or encouraging any person to make any kind of investment decision. Securities or other investments referred to in the Materials may not be suitable for you and you should not make any kind of investment decision in relation to them without first obtaining independent investment advice from a person authorized to give it.
Very good question. I think for the company to have so much supposedly going for it and then have a big crash in price to ridiculous prices indicates a SCREW JOB by some entity.
Follow the trail - financing takes place by Macquarie Bank Limited (AU) in 2012, Aug 2013 Macquarie Capital (USA) Inc., acts as the exclusive placement agent for the financing by Fir Tree. Macquarie interest in Vertical Bridge ???, Fir Tree approves the deal for CIGW - - press releases by CIGW and media agents - - - was the stock price being manipulated while all along the end game was in play ? ? ?
Stop sending people to chase Rabbits! CIG is a public entity and regulated by the SEC, chase them up about any claims not FL regs who's main purpose is to protect FL residents. Yes CIG is located in FL however and still a fact they are a NV corp, so please!
Stop chasing Rabbits with FL regulatory this is a public company and its govern by the SEC, so please!
Thanks for you condolences. I think there is about to be a fight put up against the thieves.
I spoke with the NV Securities Div. Fraud Investigator. Although CIGW is registered in NV, we need to contact the office in FL, http://www.flofr.com/, the Florida Office of Financial Regulations, since this is where CIGW and Vertical Bridge's offices are located. On this web site click the link for the Bureau of Financial Investigations. The number that I was given is 850-410-9500. They explained that any investor wanting to pursue legal action or have questions answered relative to the activity that has taken place should contact the state office where they live. Each state has a Securities Fraud Investigation Bureau and as such CIGW would have filed to offer stock for public sale in every state. In addition go to http://www.sec.gov/investorad#.VRsyd_nF98E this link takes you to the SEC Office of the Investor Advocate, from here there are links to explain and provide additional details as to what constitutes fraud and/or unfair practices in the financial industry. This not only applies to CIGW, Fir Tree and Vertical Bridge but also includes media or public relations companies who provided or withheld information relative to the situation. Here is the URL for the list of all the State Regulator's Offices
http://www.nasaa.org/about-us/contact-us/contact-your-regulator/
Not your fault on CIGW . I did my own dd. Wish I had saw the CAYMAN connection with Fir Tree . Remind you of another company LOL. Anyone who does banking offshore is usually trying to avoid pay their fair share and should send a red flag up. I missed it until the last two filing when they had to declare. Sorry for your loss.
Yankeedave, My opinion turned out to be crap.
I wish I had saw this before I invested in CIGW.
FOR VALUE RECEIVED, CIG Wireless Corp., a Nevada corporation ("Borrower")
hereby promises to pay to the order of Fir Tree Capital Opportunity (LN) Master
Fund, L.P., a Cayman Islands exempted limited partnership (the "Holder"
Usually get burned , and I don't mean sunburned.
STOP CONTACTING LAW FIRM TRIPP LEVY.
They are not representing shareholders and are not interested in doing so.
Suggest that we Google - > stock fraud lawyers, and start reaching out to see who could be of help, even just for advice, before it's too late, according to the 8-K Filing, IMO this deal doesn't close until after the 4/24/15 date shown below.
FROM 8-K Released : Monday, March 23, 2015 2:22 PM pp. 1 - - ->
As described below, the Merger Agreement contains a limited "go shop" provision that permits the Company to solicit alternative acquisition proposals from third parties through April 24, 2015 (the "Solicitation Period"), and, in certain circumstances, to continue to negotiate with third parties who submit alternative acquisition proposals during the Solicitation Period, through May 4, 2015.
Just think about this reply from an attorney no less . . , how can the shares of stock be "worthless", CIGW just got millions from Vertical Bridge . . . a public company can't take in millions of dollars, and then turn around and have the management and primary stock holders pay themselves off in those same millions - - - then announce that part of the "deal" is only to "liquidate" the company and screw the stock holders THERE IS NO COMMON SENSE THAT THIS IS OR COULD BE LEGAL . . . . also keep in mind that this is a NY office in Fir Tree's backyard. There has to be recourse we just need to find the right channel to pursue.
The way it seems reading this board is that you can get screwed at any moment by any company if they want to screw you. Not what I thought was supposed to be fair and just America. I am getting sick of this BS. I think a lot of people feel the same way I do. No shame in screwing the public that works for their money. I would be watching my back at every turn if I screwed this many people. How in the heck can they live with themselves. God where are you? The world has become too wicked. That is my take on reading this board and looking at my account.
Please be advised, that my law firm is NOT involved in any
litigation involving CIG Wireless nor does it have any intention to.
Unfortunately, the buyout triggered a liquidation event which is the
reason that the shares are being deemed worthless. Also, this prevents us
from going after the company or its management.
I'm sorry for your losses, but my firm has decided NOT to represent
shareholders in connection with this matter.
Best of luck.
Jonathan Levy
Tripp Levy PLLC
EdTRich, I surely am not a savy as you are. I wish you were my financial advisor. Then you could of told me to sell due to the structure you speak of. Darn I missed out on that opportunity. All I know is that have $15,600 worth about $1,000 today and I am not happy for being misled and also for being naïve and not having you for my financial advisor. I want some A Hole to suffer like me. Of course I am the sucker and the A Hole is the expert.
Management could or should have/be looking for other suitors, so please!
I agree that this was in the works for at least 4 to 6 months, it would take that long for VB to conduct their due diligence for a purchase of this size . . . And I have a hard time believing that those individuals or companies who were doing the PR for this stock had NO idea what was going on. If they were quick enough to say "BUY", they should have been equally as forthright to say "SELL"
You obvioulsy have not read the filings nor understand the company structure. I'm not defending anyone, but Fir Tree controls the Board. Management can only do so much, although as I have said before Mcginn is all about himself. Fir Tree is a private equity shop and as usual they are pigs. It's an opportuniy for a quick score and then they get out. I am of the feeling that based on structure, in retrospect, this was planned all along. That is why it looks like everything fits together so neatly. Two of the 3 execs have decades each in the business and it looks to me that they certianly will not get rich or make anything near a killing. Looks to me like they only get some type of stay put to get the deal closed. Doubtful many will make the transition to Veritcal.
I would have to believe this deal has been in the making for months if not a year?
News about fir tree making themselves healthier?
What really has me upset is that this CEO had an interview and was being touted as the upstanding successful CEO who had been there and done that before. I was led to believe that he was going to do it again and make us all very wealthy. Lie Lie Lie.
If anyone knows details of any class-action lawsuit, please email me at gold9897@yahoo.com...thanks!
I lost $ 72,000 - - when I called the Tripp Levy law firm mentioned in Post # 1015, the person who answered took my information but I never heard back from them. We need to get together as this deal had to have been in the works for awhile. IMO, there's too much research that would have had to been done on the licenses and tower agreements for it to have been done overnight.
I lost $8,000. For us shareholders to get zero out of a $143 million sale is criminal. I will participate in the lawsuit. I was told via phone "8-k details will be released after market closes". This was one hour before it was released at 2pm. I want my money back and Paul in Jail.
Yeah, he said he got in on the bonus plan as well!
We are to contact Tripp Levy law firm case sgainst is no cost to share holder
Phone numb. Is 1 800 5117037
I agree . . . along with the Office of Investor Education and Advocacy Financial Industry Regulatory Authority (FINRA) and the North American Securities Administrators Associations (NASAA)
I agree with steel800 and Holter, I've been following this message board posts for the last 9 mos.
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There is every reason to question this deal when you look at the last 12 mos. of news and information released to the public. CIGW abandoned all fiduciary responsibility to the "majority" of their stock holders by focusing only the gain of the management group who approved this decision.
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Who is the so-called "affiliate" of Vertical Bridge, who has yet to be named as far as I can find out. And why not "merge" with CIGW and remain in the public sector? The wireless sector has nothing but growth in front of it over the short and long haul. Stock growth in itself would pay back the Vertical Bridge purchase money.
Are there enough facts relative to CIGW management not acting in the best interest of their shareholders to show cause for a class action suit to put a hold on this deal?
Vertical Bridge might rethink it's purchase decision if it has to go into court and put all their "background research" and "communications" out in the public domain.
The following is taken from CIGW's press release:
"Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC[color=red][/color] as well as certain key executives from Global Tower Partners, and is headquartered in Boca Raton[color=red][/color], Florida. For more information, please visit www.verticalbridge.com"
It can't be coincidence that a Boca Raton, FL[color=red][/color] co. hooked up with a Wellington, FL company in a deal that make no sense to anyone with a calculator, except for the few at the top who are making huge deposits into their bank accounts.
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How much is each tower worth and how many towers does cigw own??because if they own 200 towers not including sites ,from my calculations it is roughly 200 Milion dollars? Help me out here ,why would they give it away,if cigw is worth 200 million dollars 300 million $$ just saying and why go with a private company he could have gone to American tower or crown castle I just don't get this f#!#!##n guy mcginn.
Contact SEC they are the ones who have to approve it from the doc's & PR?
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