Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Important Link https://materials.proxyvote.com/Approved/12551W/20150515/OTHER_249274.PDF
You or your broker must take action unless this merger can be reversed.
Here I the screw job in writing.http://www.sec.gov/Archives/edgar/data/1432754/000114420415028578/v409849_defa14c.htm I spoke with Paul McGinn, CEO for CIGW, today and was told about this 14c Information Statement document which spells out the terms of the merger regarding what we may get. He said the shareholders or their brokers if not personally held shares would have to file some forms for the common shareholders to get any money from the 2.2 million dollars the thieves left for us. Ameritrade told me today that we may get 1 penny a share.
Paul McGinn said that the interview with Wall Steet Buy Sell Hold was done in 2012 before Fir Tree got involved. He said that over time they acquired 60% of the company and then decided to cash in. Paul said he nor anybody else in the company had any preferred shares. I have not checked that story out as of yet. Anybody that does, please report.
If you are out there and you think that the common shareholders of this stock have been done dirty. Please speak out.
Yes, definitely.
Well someone will make this right.
CIGW: Merger with Vertical Steel Merger Sub Inc.; Per the Plan of Merger Agreement, cash consideration is being paid to the company's Preferred A shareholders; The common stock & Preferred B shareholders are being cancelled with no consideration.
Finra deleted symbol:
http://otce.finra.org/DLDeletions
I appreciate your take. It is really hard to sell as suggested. I will hold just in case a Law Suit has grounds and is set in place. I hate that a company can do this to common folks.
I believe from what I read that they have allocated amount that would provide $.01 per share for common & preferred "B" but not obligated? However I could being reading it wrong?
I believe EdRich is correct that it is imminent because they still are not current in their filings which would make all current restricted shares have to wait I believe 4 more filings to make them current because CIGW was a previous Shell Co?
But to answer your question should the sale not go through for whatever reason the fish still stinks from the head and nothing will happen with this POS company or its' POS Mgmnt. So sell your stock @ $.016 buy a box of band aids and move on just like they want the shareholders to do?
OK liverpool8, So what is your take on the situation? You see any hope here for investors who bought this stock at a much higher level? I hope you did not buy the stock at a higher price, for I would not wish this upon anyone from a humanitarian perspective.
Looks like an update to the original 8k providing the latest on the go shop and merger. looks like the closing of the sale to vertical Bridge is imminent.
It's the 8K from last week????
Important NOTICE. Looks like the company is further solidifying the Major Screw Job to the Common Shareholders.
You elected to receive shareholder communications via electronic means
on the Internet.
This is a NOTIFICATION that:
CIG WIRELESS CORP. has released important information to its stockholders.
You can view this information at the following Internet Web site:
Supplement
http://www.sec.gov/Archives/edgar/data/1432754/000114420415028578/v409849_defa14c.htm
Note: If your E-mail software supports it, you can simply click on the
above link.
If you would like to cancel your enrollment, or change your e-mail
address please contact your Client Services representative.
There are no charges for this electronic delivery service. There
may be costs associated with electronic access, such as usage charges
from Internet access providers and telephone companies, which must be
borne by the stockholder.
If you have questions, please do not reply to this e-mail. Instead,
send an e-mail from the link on your secure trading site (for security
reasons, we cannot provide account information via e-mail unless your
e-mail is sent from our secure Web site). You may also call a Client
Services representative.
TD Ameritrade, Inc., member FINRA/SIPC/NFA.
TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company,
Inc. and Toronto-Dominion Bank. Copyright 2013 TD Ameritrade IP Company,
Inc. All rights reserved. Used with permission.
Distributed by TD Ameritrade Clearing, Inc., 200 South 108th Avenue,
Omaha, NE 68154
Anybody talk to the thieving company head of state? Giant Bate and Switch went on here. This will be on 60 minutes. What a rip off to the Common Man.
Why did they borrow? They could of just kept stealing from us.
They borrowed $1MM on Friday, maybe McGinn needs his house painted, or ice for his drink???
From the 8K sounds reads like they can't pay their bills?
Yes but am only a kid who. Lost all my college money ...mad and depress now am in Debt : ( HELP !!
Is anyone interested in filing a class action suit against CIGW?
Cant wait for someone to sue the shit out of CIWG...look like they are trying to hide , nowhere to hide when you are EVIL ...we see you be prepare to deal with the DEVIL HAHAHAHAHA
Correction thanks to liverpool8, For CiG Wireless Corp.
Paul McGinn
Chief Executive Officer
(561) 701-8484
Hotler, you need to WTFU and quick! CIG moved to Florida months ago? Take the needle out of ur arm and get on the right bus!
If this company gets away with this out right theft of our invested money. I say we do all we can to bring them down and along with all who had a dirty hand in the plot. This deal Stinks. I say all reading this board that will be effected in a negative fashion to call
Paul McGinn-CEO at CIG Comp Tower, LLC CIG Comp Tower, LLC
5 Concourse Parkway 5 Concourse Parkway
Suite 3150 Suite 3150
Atlanta, GA 30328 Atlanta, GA 30328
Phone: (678) 332-5000 Phone: (678) 332-5000
Attn: CEO Paul McGinn
and let them know in no uncertain terms what You think about their Shady Plan to Screw you out of your money. This is all my opinion and I bet a lot of others as well.
Any of you smart heads that think we should of known better. Please Keep it to yourself. We do not need to be looked down upon or made to feel worse than we do already.
How did you find out about CIGW?
I lost half of my college funds money .
So yes am still waiting for someone to sue the crap out of this company .I rather donate my money to the poor childrens around the world then to this evil management with no soeul or compassion for human being
Great work Serendipity47, I say full speed ahead, for we are in need of some help from above to guide us through this mine field. It is so apparent that we were duped by CIGW the company and we are owed more respect. These fat boys are trying to get fatter feasting on us. I say take them on and stop them from doing this.
Where are the other posters? Anybody else left here with a beef against this merger and the effects upon us.
IMO, BASED ON TODAY'S ANNOUNCEMENT, THIS IS THE ONLY HOPE WE HAVE - - - > "STOP THE MERGER" & THE ONLY WAY TO DO THAT IS TO GET THE SEC TO FIND THAT COLLUSION, MANIPULATION AND FRAUD WAS IN PLACE INVOLVING MACQUARIE, FIR TREE AND VERTICAL BRIDGE . . .
Q: What happens if the Merger is not completed?
A: If the Merger is not completed for any reason, the holders of our Series A Preferred Stock will not receive any payment for their shares in connection with the Merger and your shares will not be canceled. Instead, our Common Stock, Series A Preferred Stock and Series B Preferred Stock will remain outstanding and our Common Stock will continue to be quoted and traded on the OTCBB.
Under specified circumstances, the Company may be required to pay Parent a termination fee of $4.0 million and/or reimburse Parent’s expenses up to a maximum amount of $1.0 million, or Parent may be required to pay the Company a termination fee of $4.0 million and/or reimburse the Company’s expenses up to a maximum amount of $1.0 million. See “The Merger Agreement — Termination Fees” beginning on page 59.
Holter, IMO, I agree that the key to establishing a basis for any litigation or to have an injunction issued by the SEC as to moving forward with this merger will be to prove that there was prior knowledge by Paul McGinn as to the intentions of Macquarie Bank given their relations with Fir Tree and Vertical Bridge.
In his interview with Chris Castaldo, he (McGinn) clearly makes "future looking statements" that are / would be misleading IF he knew that there were already negotiations in place with Macquarie thru Fir Tree and Vertical Bridge which would lead to the current situation. The only way to prove this would be to have any and all communications between McGinn and Macquarie put forth in a SEC hearing on this merger agreement.
I have tried to put forth in the timeline below certain key statements and agreements which looking back on the communication I had with WSBSH should have raised a signal that the agreement with Fir Tree given the relationship between Macquarie and Fir Tree was leading to the situation we have today whereby the individual investors were being lead to the slaughter.
So my question to WSBSH is that if they were a) Mislead and b) according to Chris C. also loss a large amount of capital by investing in CIGW, one would think that they would join the individual common stockholders in their fight against this merger.
If you note in the disclaimer at the end of this post, WSBSH cannot be held legally responsible IF the only knowledge that they had was the information given to them by CIGW (McGinn)
However, professional integrity would seem to solicit their assistance and involvement given that they were the PR firm representing CIGW and obviously were mislead by CIGW and if so, thereby having a severe affect on WSBSH's credibility particularly in a world of social media and the ability to communicate what took place. CNBC launched American Greed as a platform to make the public aware of situations just like this one ============================================================
CiG Wireless Corp. Announces Appointment Of Paul McGinn As Chief Executive Officer And Director
Published on 2012-02-09 09:00:00
ATLANTA, Feb. 9, 2012 (GLOBE NEWSWIRE) -- CIG Wireless Corp. (OTCBB:CIGW) announces the appointment of Paul McGinn as Chief Executive Officer and Board Director effective Feb.6, 2012. Mr. McGinn, former CEO of TCP Communications, will lead the newly formed CIG Wireless -- a publicly traded tower company. Bringing more than 18 years of wireless tower experience from his days at SBA Communications Corporation where he was Director of Acquisitions, Mr. McGinn subsequently founded TCP Communications and grew it to a successful sale in 2006.
==================================================================
CiG Wireless Announces Closing Of Credit Facility With Macquarie Bank Limited Of Up To $150 Million Dollars
Published on 2012-09-11 09:00:00
====================================================================
CiG Wireless Corp. Closes $35 Million Preferred Stock Financing
Published on 2013-08-05 09:05:00
Atlanta, Georgia, August 5, 2013 -- CiG Wireless Corp. (OTCBB: CIGW) (“CiG” or the “Company”), a leading independent owner and operator of wireless communications infrastructure in the United States, announced today that it has completed a $35 million preferred stock financing agreement with funds managed by Fir Tree Partners (“Fir Tree”), a New York based private investment fund. Fir Tree invested $35 million into the Company’s newly created Series A-1 Non-Convertible Preferred Stock and Series A-2 Convertible Preferred Stock at the initial closing on August 1, 2013. The Series A-2 Preferred Stock is initially convertible into 29,297,652 shares of the Company’s common stock. The Company holds certain conditional rights to call up to $25 million in additional investment from Fir Tree for acquisitions, subject to certain enumerated conditions satisfactory to Fir Tree.
As part of the financing agreement, Scott Troeller and Jarret Cohen, both executives of Fir Tree, will be joining the Company’s Board of Directors after the transaction closes. Messrs. Sebastien Koechli and Gert Rieder resigned from the Board prior to the closing.
=====================================================================
From: Jerry Castaldo <jcastaldo@wallstreetbuysellhold.com>
Subject: CIGW Quarterly Revenues Up 200%
==================================================================
2nd quarter revenues should be announced by next week and we could see them in excess of $2M
Thank you
Jerry Castaldo
Managing Principal
jcastaldo@wallstreetbuysellhold.com
Wall Street Buy Sell Hold Inc
135 Glenwood Road. Box 416
Glenwood Landing, New York 11547
Direct # (516) 690-6901
Fax # (516) 656-9523
www.wallstreetbuysellhold.com
==============================================================
Disclaimer/Confidentiality Notice:
Wall Street Buy Sell Hold Inc. ("WSBSH") is a subscription based service and does not provide investment counseling, or act as an investment advisor. The employees of WSBSH are not registered investment advisors and as such, the recommendations covered in WSBSH research reports are opinions and personal beliefs of the analysts that are writing such reports.
This email and any files transmitted with it are confidential and intended solely for the use of the individual to whom it is addressed. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
Having trouble viewing this email? Click here
Wall Street Buy Sell Hold Inc
A Wall Street Buy Sell Hold Inc Publication ---- All Rights Reserved
Update Coverage Report
May 27, 2014
CIG Wireless Corporation (CIGW OTC $0.70)
CiG Wireless Corp Announces First Quarter 2014 Results
CiG Wireless Corp May 23, 2014 4:05 PM
======================================================================
ATLANTA, May 23, 2014 /PRNewswire/ -- CiG Wireless Corp (CIGW) today announced its earnings for the three months ended March 31, 2014. CiG Wireless Corp (the "Company") headquartered currently in Atlanta, Georgia is a growing company that operates, develops and owns wireless communication towers in the United States.
Revenue for the three months ended March 31, 2014 was approximately $1.6 million compared to approximately $0.5 million in the same period of the prior year. The increase in revenues of over $1.0 million or 200% was attributable to the acquisition of 100 towers and the construction of three towers during 2013 and the first quarter of 2014. The addition of 100 towers to the Company's portfolio was accomplished through the acquisition of 38 constructed towers from Liberty Towers, LLC in August 2013, the acquisition of 49 constructed towers from Southern Tower Antenna Rental, LLC completed in multiple transactions, the acquisition of 12 constructed towers from PTA, FLA, Inc. completed in multiple transactions and the acquisition of one constructed tower from Fidelity Towers, Inc.
Loss from operations for the three months ended March 31, 2014 was approximately $2.0 million, which was generally flat compared to the same period for the prior year. Depreciation, amortization and accretion expense for the three months ended March 31, 2014 increased by approximately $0.7 million or an increase of 1.7% compared to the same period for the prior year. The increase was attributable to the addition of 103 towers to the Company's portfolio of assets that took place during 2013 and the first quarter 2014.
Net loss for the three months ended March 31, 2014 was approximately $18.3 million compared to approximately $2.4 million in the same period for the prior year. The increase in net loss was the result of the change in the fair value of derivatives of $14.7 million, indemnity fees of $0.9 million and higher interest expense in connection with the increase in the Company's borrowings under its credit facility entered into in September 2012 (the "Credit Facility").
As of March 31, 2014, the Company's cash and cash equivalents balance was approximately $2.0 million. During the three months ended March 31, 2014, the Company paid approximately $4.1 million for acquisitions and the construction of antenna towers. These payments were funded through proceeds available under the Credit Facility and the issuance of Series A-1 and Series A-2 Preferred Stock.
As of March 31, 2014, the Company owned 170 wireless communication towers and had a geographical presence in 23 states. Approximately 93% of the Company's revenues were derived from site rental revenues of the Company's communication towers.
The Company started the process of relocating its corporate headquarters to Florida. This process is expected to be completed during the third quarter 2014.
About CiG Wireless Corp
CiG Wireless Corp (www.cigwireless.com) is a leading independent owner and operator of wireless communication infrastructures in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company's common stock is traded publicly in the US on the OTC Bulletin Board (CIGW) and on the Entry Standard of the Frankfurt Stock Exchange in Germany (ISIN:US12551W1071).
Safe Harbor Statement
This presentation contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the Company's current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, financial, and economic data and management's views and assumptions regarding future events. The Company's actual results may vary materially from the forward-looking statements as a result of various factors and uncertainties. The Company cannot provide assurances that any projections, goals, future events and other prospective matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transactions. Various risk factors that may affect the Company's business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by the Company with the U.S. Securities & Exchange Commission. The Company undertakes no obligation to update information contained in this presentation.
Contact:
Paul McGinn
Chief Executive Officer
678-332-5000
Please review the CEO Interview noted below as well as the accompanying writeup on CIGW.
We would like to present a CEO interview conducted by Chris Castaldo, President and CEO of Wall Street Buy Sell Hold Inc.,with Paul McGinn, President, CEO and Director, of CIG Wireless. If the video doesn't open please click here
Overview of CIG Wireless Corporation
CIG Wireless Corp. develops, operates, and owns wireless and broadcast communication towers in the United States. It primarily engages in leasing antenna space on multi-tenant communication sites to wireless service providers under long-term contracts.
Based in Atlanta, CiG's primary focus is leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts.
Company target to be ranked a top 20 U.S. based tower company approaching 600+ towers by the end of 2014
CiGw plans to expand its footprint by building new and acquiring existing towers through a robust pipeline of opportunities.
Data demand is expected to continue to drive future wireless growth and demand for cell sites
North American mobile data traffic is projected to grow over 9x from 2012 to 2017.
Tower companies are expected to continue to benefit from steady carrier CAPEX spending;
Total U.S. wireless capex ranges from $25-$53 billion annually, with AT&T and Verizon accounting for the majority of the spending (per Wall Street Market Research, January 2013)
U.S. 4G buildout could mean $25-53billion in infrastructure investment
Tower companies would benefit from all of the above in the form of carrier Capex:
Lack of spectrum drives cell-splitting (which adds additional antennas to towers)
Redevelopment of existing towers
Additional spectrum (also required redevelopment)
CIGW is Uniquely Positioned to Benefit From Consolidation of Smaller Tower Operators.
Access to Capital:
Access to an additional $140 million of debt to finance acquisitions
Public company status allow CiG the ability to pay for some or all of acquisition with stock
Experienced Management Team:
Strong customer lease-up capability, sales and marketing experience
Knowledge of where and from whom to purchase tower assets
Know how how on writing of purchase contract to accrue benefit to CiG
Potential for joint acquisition deals where seller (i.e. private equity fund) can remain partially invested
Extensive pre-acquisition analysis to determine lease up potential by experienced team to maximize revenue gain post closing
Management Team:
Paul McGinn President, Chief Executive Officer & Director
Over 18 years of experience in the wireless tower industry
Former Director of Acquisitions at SBA Communications
Responsible for acquiring over 3,500 towers, including towers from Telecorp, Verizon, Cell South, Page net, among others
Previously founded and led TCP Communications
Grew portfolio to over 250 towers and successfully sold the Company for 2.2x equity after four years
Romain Gay-Crosier Chief Financial Officer & Treasurer
Chief Financial Officer and Treasurer of CiG since 2011
Responsible for cash management and reporting processes to the Board of Directors and third-parties
Previously Chief Financial Officer and Treasurer of ENEX Group and its affiliated companies
Significant experience across numerous industries including aviation, telecommunications and renewable energy
You may also learn more about the company by visiting their website http://www.cigwireless.com/
Chris Castaldo
Chris Castaldo
Founder, and President of Wall Street Buy Sell Hold, Inc.
Wall Street Buy Sell Hold Inc (WSBSH) is an Investor Relations firm hired by certain companies to provide investor awareness services to micro cap, small cap companies and other private and public companies. Investor Awareness programs are designed to help companies communicate their investment characteristics. WSBSH distributes commercial advertisements (report/release/advertisements) and other Information purchased and compiled from outside sources and analysts. Please read our disclaimer at the end of this report.
Important Disclosures
Disclaimer and Compensation notice: The contents of this message are published by Wall Street Buy Sell Hold Inc to provide readers with information on selected publicly traded companies. Factual information is obtained from public filings and other sources deemed to be reliable; however, Wall Street Buy Sell Hold Inc takes no responsibility for verifying the accuracy of such information and they make no representation that such information is accurate or complete.
Some statements may contain so-called "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made herein. These forward-looking statements are not historical facts, but reflect current expectations, estimates and projections. No assurance is given that these estimates, expectations or projections will be achieved. Many factors could cause actual results to differ.
Investors should consult with their investment advisor, attorneys and other professionals concerning any stock transaction. Wall Street Buy Sell Hold Inc does not offer such advice or analysis, and suggests you consult your own independent tax, business, financial and investment advisors. In general, given the nature of the company or companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared and able to bear a loss of his or her entire investment.
Wall Street Buy Sell Hold Inc has relied upon information supplied by its customers, which it believes to be reliable; however, such reliability cannot be guaranteed. Wall Street Buy Hold Sell Inc expects to be paid thirty thousand dollars for this thirty day email campaign by a third party, Corporate Resource Group OU. Wall Street Buy Sell Hold Inc makes no representations as to the accuracy, timeliness or completeness of the information contained in any such advertisement and disclaims any and all liability relating thereto.
Wall Street Buy Sell Hold Inc is not to be held responsible for any claims made by the companies advertised herein. None of the materials or advertisements herein constitutes offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based solely upon the information provided herein.
Wall Street Buy Sell Hold Inc urges you to conduct a complete and independent investigation of the respective companies and consider all pertinent risks. Further, Wall Street Buy Sell Hold Inc and their employees and affiliates may own, or may purchase and sell, securities of the company or companies profiled. Wall Street Buy Sell Hold Inc undertakes no obligation to inform readers about their ownership or their trading activities, or that of their employees or affiliates, in the securities of the profiled company or companies.
Wall Street Buy Sell Hold Inc.
135 Glenwood Road . Glenwood Landing, N.Y. 11547 . (516) 656-0217 .
I spoke with Chris Castaldo, of Wall Street Buy Sell Hold, yesterday and was told that he lost as sizeable chunk of his own money. He said that he did not think it was right for the company to do what they are doing. Chris was very high on CIGW before this crisis. It is hard to believe that so many of us could be taken down a path to slaughter and all were unaware of what was going to happen. I have to believe that someone in the chain knew what was going to happen to us about the time Fir Tree got involved. I doubt the two Fir Tree board members were there on the board to look out for the common shareholders. This whole deal stinks to high heaven. IMO
I say this lending arrangement was set up to screw the common shareholders from the beginning and I believe the management of the company had to be in on it from the start full well knowing the impact on the common shareholder that they were soliciting to inject money into the company.
First Point is:
Funding Agreement
Concurrently with the execution and delivery of the Merger Agreement, on March 20, 2015, the Company entered into a Funding Agreement (the “Funding Agreement”) with Fir Tree.
Pursuant to the Funding Agreement, Fir Tree has agreed to allocate a portion of the consideration it receives upon the closing of the Merger or an alternative third party transaction to the holders of the Series B Preferred Stock and Common Stock by depositing into an escrow account promptly after closing, the sum of $1.75 million plus 25% of the excess, if any, of consideration received over $150.0 million, subject to certain limitations. The portion of the escrow amount that will be allocated to the holders of the Series B Preferred Stock and Common Stock will be determined by the Special Committee of the Board prior to the closing of the relevant transaction. The entitlement of each holder of Series B Preferred Stock and Common Stock to receive their pro rata share of such escrow amount is subject to such holder’s completion of claims documentation, including a release of legal claims, which will be mailed to them after the closing of the relevant transaction.
The foregoing description of the Funding Agreement is summary in nature and therefore necessarily omits certain details contained therein; as such it is subject to and qualified in its entirety by reference to the Funding Agreement, which is attached as Exhibit 10.3 to this report and incorporated herein by reference.
The second point is:
These are the ones that make up the Special Committee that will determine the above Funding Agreement.
Executive Officers and Directors:
Paul McGinn, Chief Executive Officer, President and Director 6,367,890 (6) 7.5 % 50,000 *
Grant Barber, Director 189,537 (7) * - -
Gabriel Margent, Director 189,537 (8) * - -
Jarret Cohen, Director (9) - - - -
Scott Troeller, Director (9) - - - -
Romain Gay-Crosier, Chief Financial Officer and Treasurer 638,109 (10) * - -
All Executive Officers and Directors as a Group 7,385,073 (11) 8.7 % 50,000 *
* Represents less than 1%.
How convenient to have two of the committee members come from Fir Tree. (9) Each of Messrs. Cohen and Troeller serves as an employee of Fir Tree Inc., which is the investment manager to Fir Tree Capital Opportunity (LN) Master Fund, L.P. and Fir Tree REF III Tower LLC. However, neither Messrs. Cohen nor Troeller has any sole or shared power to vote or control the disposition of any shares of the Company.
Thanks Serendipity47, I called and spoke with the CEO about stomping the company for doing what they are doing to us. I will post later the areas he referred me to in the filings in answer to my pointed questions.
Thanks Serendipity47, I called and spoke with the CEO about stomping the company for doing what they are doing to us. I will post later the areas he referred me to in the filings in answer to my pointed questions.
Agreed. It would be nice to know who the bigger judge is.
Agreed. It would be nice to know who the bigger judge is.
There is a bigger judge with his hand on this, so I am not worried. Have a great day!
Well, I guess you and Serendipity need to put your money where your mouth is and try and take someone to the case. I wish you luck and if successful, I will stand corrected.
This is also true, the deal is bad for every one but Vertical & Fir Tree.
As far as the cynicism, don't take it personal and at the same time get over it, time to put on your big boy panties... As you would say
I have no idea what your point is in your post #1068 to HOLTER, who obviously lost money on this scam, it's you who should be doing the investigating of the facts leading to this event. If a law firm takes this case, they will go back to the set up which probably began in 2012 starting with the credit deal with Macquarie bank, and then trace events as they unfolded with Fir Tree and Vertical Bridge along with any relationship that Macquarie has or had with FT & VB.
McGinn coming aboard with a strong reputation being a well known executive in the wireless industry gave more credibility to the value of CIGW and the story as being told relative to the plans of CIGW and reason to invest. There are those, who worked for him in previous companies he was involved with, who followed his career path and invested heavily into CIGW based on his reputation and interviews. This is all speculation until proven as to whether he was aware of the facts while making statements to the contrary leading investors away from what was really taking place.
Any investigation will include everyone from those who did the PR for CIGW, corporate management, board of directors, down to McGinn himself. In a publicly traded stock whether it's OTC, Dow, or Nasdaq, those involved with reporting have a legal responsibility to make investors aware of facts rather than mislead investors on the true value of CIGW. This is a case book of a private finance company using the OTC staging arena and forums such as this message board, all the while knowing the long range plan to acquire a public company for pennies on the dollar.
If it can be proven that this was planned and executed over a period of time then the ones to go after are those individuals who knew what was taking place and were using various means to pump up the stock to the public while knowing the truth.
The amount of research that Vertical Bridge would have to have done to review CIGW's accounting records, tower licenses in all the states where they have tower interests and in addition, the time needed to check out the physical state of the tower locations, would all involve months. Those in CIGW management and any having affiliations would have had to have known and been a part of this transaction going well back to 2014 and before. Yet, as recent as this past 4th quarter, statements made were leading investors away from the truth. The legal challenge is to find out who knew what when and whether or not SEC rules were violated resulting in fraud taking place on investors during these transactions
Oh yes, I forgot your posts are so captivating. At somepoint some one has to be rational. Have you read the bonuses? They are not all that. Getting management on board had nothing to do with it because MANAGEENT CAN'T DO ANYTHING ABOUT IT.
Which the SEC may, or Vertical walks? Far fetched, but better than reading your posts
All in all, they did what they were able to, got management on board with the bonus program and let's hope they made an error along the way?
Not gonna happen. Unless the SEC finds something untaudry in their usual review, this will ultimately be a done deal. The go shop ends this Friday and unless someone is willing to pay more the deal will be done. Fir Tree had the foresight to engineer the deal to their advantage. Typical private equity scum.
I think it is time to stomp the bastards that screw us. How is that for big boy panties?
Bottom line is its time to lick our wounds, suck it up and put on our big boy panties.
No doubt McGinn is a pig based on those that know him. Has the personality of a stump and does not dare get close to the little people who do the work. That said, Fir Tree is in charge and calls the shots. Further, and this will sound harsh but you people on this board need to understand what you are investing in. If you would have read the filings from inception you would know about the Fir Tree preference and their control. So, while I understand your frustration, if you can't afford the time read and understand how the company is structured then you should not be investing.
How does their family think of them stealing money from the honest peoples.
Honey i just ruin eveybody life , stealing their pension , college fund etc..lets go to church and let god forgive us ...GOOD LUCK ...YOU GOING TO HELLLL!!!!
Must be nice to be able to steal our money in such a quiet manner. I just watched The Purge. The stock broker that stole every bodies pension was hung on the bank entrance for all to see. This screw job makes me think of that movie. This is like a Bernie Madoff deal. I think he died in prison.
Any ongoing law suit against cigw yet ...help i GOT BURN BADLY
This is one of hundred of his alias aka pennny stock pumper
I am calling all cars! These sorry deals cannot be allowed to happen.
They did; for Fir Tree & McGinn
Big things were supposed to be happening here also. I want my money back, but I do not know how to get it here. Whining will not help, but if the face of the A-Hole that allowed this to happen to us was in front of me it would not be a pretty site. You cannot spit in someone's face and expect to go unscathed.
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1111
|
Created
|
08/15/12
|
Type
|
Free
|
Moderators |
5 Concourse Parkway
Suite 3100
Atlanta, GA 30328
Pacific Stock Transfer Company
4045 S. Spencer Street, Suite 403
Las Vegas, NV 89119
Phone: 702-361-3033
Fax: 702-433-1979
Toll Free: 800-785-PSTC (7782)
Contact Person: Lisa Upham
MaloneBailey, LLP
15 Maiden Lane, Suite 1003
New York, NY 10038
Phone: 212-406-7272
Fax: 212-513-1930
Contact Person: John C. Malone
Wuersch & Gering LLP
100 Wall Street, 21st Floor
New York, NY 10005
Phone: (212) 509-5050
Fax: (212) 509-9559
Contact Person: Travis Gering
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |