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Sure it matters. What's revoked? The symbol or the company?
The LOI is already signed, it's all already in the works. Why wouldn't they, if they already know it's going to be relisted?
Officers get shares all the time and the SEC doesn't say squat about it, why would they take it into consideration now?
doesn't matter.
Ask yourself this.... Why would the board issue themselves shares in a revoked stock if it wasn't going to be relisted?
Ask yourself this.... why wouldn't they successfully relist before they gave themselves ahares? doing it the way they have sure makes it easy for the sec to deny.
Are you trying to tell me that Cape isn't a legitimate company? The symbol is revoked, not the company.
I didn't say you did, I said you act like it's impossible. None on that list reinstated, why? Because they didn't have a snowballs chance in hell. All fraud companies. Cape, on the other hand, has a very good reason to relist.
Ask yourself this.... Why would the board issue themselves shares in a revoked stock if it wasn't going to be relisted?
It's actually a legitimate company.
lololol. legitimately revoked.
You act like it's impossible to relist.
I never said it was impossible. I simply asked for an example of a revoked company that returned to trading.? do you know of any?
Compared to that list of POS companies you just posted, yes it does. It's actually a legitimate company.
There's only one symbol in that list that actually had a legitimate, worldwide business. That was Cape. Like Booger said, they had actual assets.
You act like it's impossible to relist. Some folks never thought we'd make it to the moon either but, that happened.
it doesn't matter. cysg has no special status.
Did you look at the list of revoked stocks in the list with CYSG?
no, I looked at this list.
AAMA, AAMC, AANI, ABEW, ABFIQ, ABPH, ABNS, ABVV, ACCS, ACEL, ACII, ACLY, ACMY, ACPIQ, ACQY, ADAPQ, ADDL, ADEH, ADGD, ADGR, ADMH, ADNW, ADOT, ADSPQ, ADVR, ADVT, ADWT, ADYE, ADZR, AEGI, AEGZF, AEHZF, AENA, AEND, AENS, AENYQ, AERP, AEXG, AEYS, AFFI, AGCI, AGLV, AGMS, AGSI, AGWS, AHGIQ, AIDO, AIOD, AISIQ, ALYNQ, AHDI, AHCKF, AHNCQ, AITX, ALTF, AKMN, AKYI, AMCO, AMCI, AMGU, AMHI, AMIT, AMNT, AMST, AMUG, AMWT, AMXIQ, AMZO, ANSVQ, ANTS, AODG, AOOR, AOTL, APAB, APAR, APDTQ, APHG, APHTQ, APNN, APPS, APLS, APAT, APCU, APRJ, APSOQ, APWR, ARTEQ, APVE, APWD, APWR, APXR, AQAS, AQUA, AQRO, ARGA, ARFR, ARGW, AROX, ARUR, ASAP, ASCD, ASRPF, ASDV, ASTR, ATCS, ATVE, AUCX, AULO, AUNI, AURC, AUSPF, AVCP, AVIT, AWCL, AVAF, AVBD, AVCS, AVEC, AVEN, AVLN, AVMD, AVNA, AVNU, AWEC, AWYI, AXPL, AZHI, BATTQ, BBAN, BBDC, BBGR, BBKH, BCFT, BCHM, BCME, BDTE, BDYT, BEIC, BFAR, BHMNF, BHQU, BIOHF, BIOW, BISYQ, BLDH, BLFE, BLGW, BLKL, BLLN, BLPT, BLSH, BMCP, BMSTA, BNIO, BPIL, BPMA, BPTR, BSKO, BSTR, BTIOQ, BVYH, BOLDQ, BPURQ, BRHI, BRMC, BRVO, BSIO, BSKT, BSMLQ, BSVN, BSYT, BTRX, BUGS, BUNSQ, BWAY, BWTRQ, BYBUF, BYDSQ, BXMNF, CAAUF, CADMQ, CADQF, CADQF, CAGTF, CAHR, CATN, CBCI, CBTT, CCMC, CCNG, CCSI, CCYS, CDWR, CDYT, CEAH, CECU, CEIW, CELP, CENK, CENMF, CEPO, CETH, CFGI, CGHI, CGSC, CHBT, CHKT, CHMO, CHNN, CHVC, CIAQQ, CIGR, CINT, CJCL, CKDN, CKEI, CKRU, CLCI, CLMI, CLRA, CLSC, CLWL, CLXM, CLYV, CMDA, CMEC, CMEDQ, CMGR, CMIV, CMKT, CMTK, CNAG, CNEP, CNFU, CNOA, CNSC, CNVP, COES, COGC, CORR, CPBXQ, CPCIQ, CPFR, CPWT, CRCS, CREBQ, CRII, CRNM, CRST, CRSVF, CRTV, CRYFQ, CSGI, CSGJ, CSIS, CSLG, CSNW, CSNY, CSYI, CTGI, CTGLF, CTHH, CTHS, CTYF, CTTY, CXOT, CUPR, CUTC, CVBT, CVIT, CWBS, CWEY, CWOI, CWYR, CYDC, CYGE, CYKN, CYOS, CYSA, CYSG, CYTGF, CYXN, DAWN, DCIU, DCNMQ, DCPT, DDVS, DECO, DESCQ, DFGRF, DHMS, DHPIQ, DIGSQ, DIOMQ, DIRX, DJJI, DKTH, DLGO, DLKR, DLPC, DMCP, DMEI, DMNM, DNYFF, DRGG, DRMX, DRYN, DSHL, DSIIQ, DSRM, DSYT, DTIM, DUNS, DVID, DVINQ, DVNNF, DVRH, DVSH, DXXFF, DYHCS, DYMTF, DYOUF, DYTB, EAGB, EBLC, ECEC, ECHTA, ECLN, ECOG, ECTA, EDBR, EDLT, EDVC, EENT, EGCFF, ECGR, ECIN, ECRD, EDFY, EGLSQ, EGXF, EIUS, EKII, EMBR, EMCC, EMDAQ, ENCP, ENCZQ, ENET, ENLU, ENVI, ENWN, EPCG, EPIX, EPFL, EPRC, EPTI, EPXR, EQEU, EQMDF, EQUUS, ERDIQ, ESAN, ESCI, ESIMF, ESNI, ESVC, ETLC, ETLT, ETOP, ETLS, EUGD, EUGS, EUSI, EVOPQ, EVSC, EVSD, EXDL, EXGN, EXTC, EXTI, EVAN, EXCS, EYES, EYTCQ, FCEN, FCNR, FCON, FCRI, FCRS, FCRZ, FFDH, FFGO, FGHH, FGOCQ, FHCI, FIIH, FILM, FITT, FMRX, FNLH, FLIP, FLMG, FLWE, FNXC, FODL, FORBQ, FOUR, FPNDQ, FPRN, FRAE, FRLE, FTMC, FTMTQ, FTRLQ, FUFW, FUNW, FUQI, FUTR, GACFQ, GAFC, GAHI, GAMT, GAPN, GAXIQ, GAZU, GBKF, GBMT, GBPM, GCAN, GEEVF, GENG, GETC, GFMIF, GDTGF, GDTK, GDTT, GGPC, GLBT, GLDI, GLGSQ, GLIF, GLMA, GMATF, GMED, GMEX, GMFCF, GMSL, GMXS, GNCE, GNCN, GNVHQ, GNXE, GOCO, GOCM, GPSNQ, GRDB, GRLC, GRLY, GRPK, GTAP, GTCN, GTSM, GUPR, GVEC, GWES, GWGI, GWIR, GWOW, HABE, HAXS, HCNP, HELI, HENL, HFGB, HGFNQ, HIET, HIRI, HMDO, HOSTQ, HOTJ, HPRD, HRCT, HSPO, HTLJ, HTOG, HTPI, HTMXQ, HWRK, HYDP, IARO, IASCA, IBBD, IBCO, IBNW, ICII, ICPR, ICRB, ICSM, IDAI, IDCO, IDGI, IDIFF, IDII, IDPIQ, IFCC, IGAI, IHGO, IMEN, IMIIQ, IMIRQ, IMMFF, IMTKA, IMPX, INBC, INNU, INQB, INRSP, INSQ, IRYS, ITRT, ITYCQ, IUSN, JAKE, JGBO, JMAR, JPTR, JVDTQ, KBAS, KEPI, KERA, KKTI, KLDO, KNGS, KNOH, KOLR, KORHQ, KRMC, KUHM, KYUS, LAWEQ, LBTF, LBUR, LFSCQ, LFTC, LGOV, LIPD, LLUR, LNDA, LOGE, LOTS, LPHCQ, LPTE, LROD, LSKI, LSNU, LSPN, LTII, LTMV, MAXI, MBAH, MBIC, MDCRQ, MDIZQ, MECAQ, MDTL, MFMM, MGXX, MIIS, MLAR, MLKKF, MLRMF, MLME, MLXO, MMGP, MOAT, MOBL, MODM, MONFA, MPEH, MRDG, MRMR, MTICQ, MTCI, MTVO, MTWOY, MXXH, MYRL, NASMQ, NAYN, NBII, NBLC, NCTI, NDCP, NESS, NGBF, NPDI, NSLT, NTTL, NVBG, NWBA, NWMD, NWTB, NXCO, NXSO, OCHTQ, OECI, OEHL, OIVO, OMHI, OPMK, OPWR, OTLK, OTTR, OVOE, OWLD, PAYI, PBHN, PCLO, PEDI, PELE, PFEH, PGMC, PHCP, PHIG, PLNS, PLTGQ, PNOT, PNVNQ, POPN, PORS, PPYR, PROAQ, PRGC, PRPG, PRXZ, PSPF, PTYA, PVMCF, PVRE, PWCL, PWMG, PXPT, QNGP, QPCI, QTEK, QUSTQ, RACCQ, RACE, RCYT, RDYW, RFDS, RGFCQ, RKWL, RMDT, ROKE, ROVC, RPMV, RSGC, RUSO, RVEE, RXHI, RVBF, RVSIQ, RXAF, SASN, SBTKQ, SCLL, SCNWF, SCOXQ, SCTC, SDGL, SEAI, SBET, SCEY, SDML, SERG, SERW, SFGF, SFSH, SFTC, SFXC, SGDM, SGUS, SHIR, SHLLQ, SHOEQ, SHRH, SIBO, SIGC, SIGR, SIHI, SILH, SINJF, SIOR, SJEL, SLGS, SLNN, SLSI, SKMLQ, SKATA, SLRE, SMRK, SNCOF, SNMA, SNMO, SNRG, SNRNQ, SNTO, SNTX, SNZH, SONM, SOPO, SORSF, SOSI, SOSR, SPFL, SPGNA, SPHC, SPNT, SRIN, SRRIF, SSCI, SSET, SSHZ, SSLN, SSLR, SSTF, SSVG, STAX, STBPQ, STCL, STJC, STLOF, STMIQ, STRXQ, SUFH, SVIA, SVYR, SWDO, SWME, SWTS, TAPI, TCGI, TCLIF, TCLL, TDDAQ, TDDBQ, TDFXQ, TECM, TEVI, TFAC, TGTL, TGTS, TKER, THES, TISM, TKGN, TLNT, TLSXF, TMJG, TMSTA, TNCVF, TNOLF, TNSIQ, TNTU, TNXT, TOGI, TOTG, TPID, TRDM, TRDQ, TRGD, TRNT, TRUKQ, TRYT, TSCPQ, TSIA, TSLI, TSXFF, TTRIF, TUBM, TVTGF, TWLO, TXPO, TZNT, UCHB, UCMPQ, UDYN, UGHO, UHLD, UIBT, UNCO, UPDV, UPXE, USAU, USBR, USBU, USBH, USFM, UVBY, VBRE, VCNE, VEIC, VENSQ, VFOX, VFTR, VGPO, VGWA, VISRF, VLCO, VLEN, VLNT, VLSH, VNECQ, VNWI, VPGC, VRDI, VRDOQ, VRST, VSNI, VSTL, VSYN, VTGE, VTHC, VTPK, VXEN, WATG, WEGI, WFHCQ, WFYW, WLSA, WNETY, WNWN, WSPTQ, WTAI, WWEI, WYNDQ, XKEM.
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Do you know the status of all those Co?? none of them where in the position Cape was in.. they where all BK or scams.
Did you look at the list of revoked stocks in the list with CYSG? They were all BS companies. Cape actually had valuable assets and an actual operating business with true revenues. That was the only reason I purchased and held this stock. SEC isn't going to reinstate a bogus company, which Cape never was a bogus company.
My anger stemmed from their lack of transparency. I felt as though I was just being strung along at their humor. Now, in light of the current developments, I actually see a glimmer of hope.
I am very confident Cape will have no problem being reinstated as a public company. The SEC shut Cape down solely because of Ribotsky. All the companies listed, were involved with that scumbag.
then the SEC has no choice but to approve them to trade again.
if it were as simple as you think then why have no revoked companies ever successfully re-registered
their shares?
Agreed, it would be. Although, as long as they comply with all the stipulations to register the company to trade and meet those compliances, then the SEC has no choice but to approve them to trade again.
Why would the BOD accept common stock in a delisted company as a bonus? The common stock, right now, is absolutely worthless. Unless, they intend and know it will trade.
Was there a point?
Here's my take on why Cape is looking to acquire a company, rather than be acquired...
The current company that Cape has signed an LOI with is not based from New Jersey, where the NOL's are. Hence, they cannot purchase Cape and take advantage of those state issued NOL's. However, if Cape acquires them, then the company can still be based in New Jersey, where they can take advantage of those NOL's. That makes perfect logical sense to me. But what do I know, I pick boogers.
I do understand that they can file a form 10. I never said they couldn't. having it approved and deemed effective by the sec is an entirely different matter.
I don't understand why you cannot understand why they can't file to reregister the shares?
Sure, it was revoked. It won't trade anymore under the current shell that exists. However, if the company acquires and operating business, then they can oblige by the rules set by SEC to become a publicly traded company. Pretty simple
III. CONCLUSIONS OF LAW
By failing to file required annual and quarterly reports, Respondents violated Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
IV. SANCTION
Revocation of the registrations of the registered securities of Respondents will serve the public interest and the protection of investors, pursuant to Section 12(j) of the Exchange Act. Revocation will help ensure that the corporate shell is not later put to an illicit use involving publicly traded securities manipulated to the detriment of market participants. Further, revocation accords with Commission sanction considerations set forth in Gateway Int’l Holdings, Inc., 88 SEC Docket 430, 438-39 (May 31, 2006) (citing Steadman v. SEC, 603 F.2d 1126, 1139-40 (5th Cir. 1979)), and with the sanctions imposed in similar cases in which corporations violated Exchange Act Section 13(a) by failing to file required annual and quarterly reports. See Eagletech Commc’ns, Inc., 88 SEC Docket 1225 (July 5, 2006); Neurotech Dev. Corp., 84 SEC Docket 3938
(A.L.J. Mar. 1, 2005); Hamilton Bancorp, Inc., 79 SEC Docket 2680 (A.L.J. Feb. 24, 2003); WSF Corp., 77 SEC Docket 1831 (A.L.J. May 8, 2002). Respondents’ violations were recurrent, egregious, and deprived the investing public of current and accurate financial information on which to make informed decisions.
Failure to file periodic reports violates a crucial provision of the Exchange Act. The purpose of the periodic reporting requirements is to publicly disclose current, accurate financial information about an issuer so that investors may make informed decisions:
The reporting requirements of the Securities Exchange Act of 1934 is the primary tool which Congress has fashioned for the protection of investors from negligent, careless, and deliberate misrepresentations in the sale of stock and securities. Congress has extended the reporting requirements even to companies which are “relatively unknown and insubstantial.”
SEC v. Beisinger Indus. Corp., 552 F.2d 15, 18 (1st Cir. 1977) (quoting legislative history); accord e-Smart Techs., Inc., 57 S.E.C. 964, 968-69 (2004). The Commission has warned that “many publicly traded companies that fail to file on a timely basis are ‘shell companies’ and, as such, attractive vehicles for fraudulent stock manipulation schemes.” e-Smart Techs., Inc., 57 S.E.C. at 968-69 n.14.
V. ORDER
IT IS ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, 15
U.S.C. § 78l(j):
4
the REGISTRATION of the registered securities of Cape Systems Group, Inc., is
REVOKED; the REGISTRATION of the registered securities of Caribbean Cigar Company is
REVOKED; the REGISTRATION of the registered securities of Casual Male Corp. is REVOKED; the REGISTRATION of the registered securities of Cell Power Technologies, Inc., is
REVOKED; the REGISTRATION of the registered securities of CellMetrix, Inc. (f/k/a BCAM International, Inc.), is REVOKED; the REGISTRATION of the registered securities of Cellular Products, Inc. (n/k/a 872 Main
Street Corp.), is REVOKED; the REGISTRATION of the registered securities of CepTor Corp. is REVOKED; the REGISTRATION of the registered securities of CGS Scientific Corp. is REVOKED;
and the REGISTRATION of the registered securities of Ciprico, Inc., is REVOKED. ______________________________ Carol Fox Foelak Administrative Law Judge
5
Not sure I followed all of that. What happens to the 4 billion cysg shares.
Not a one... THIS WILL BE THE FIRST!!!! MAKING HISTORY BABY!!!
will get current with the SEC and file the proper paper work to be reinstated and at that time will be a public Co.
perhaps you could tell me how many revoked companies in the last five years have successfully re-registered shares?
I'm guessing that the CYSG shares will stay the same, the Co. CSG Inc. after the sale of the subsidiaries the Co. will get current with the SEC and file the proper paper work to be reinstated and at that time will be a public Co. After that shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. If the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company. However, a comprehensive disclosure document containing audited financial statements and significant legal disclosures is required by the Securities and Exchange Commission for reporting issuers. The disclosure is filed on Form 8-K and is filed immediately upon completion of the reverse merger transaction.
The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company. The private company's shareholders pay for the shell company by contributing their shares in the private company to the shell company that they now control. This share exchange and change of control completes the reverse takeover, transforming the formerly privately held company into a publicly held company.
I am choosing not to dissent. All the noise about this being a bogus company are, in my opinion, wrong. The procedures are very professional.
Wouldn't the company acquire the shell? Can't say I've ever heard of a shell acquiring a company.
EDIT: or better yet, merge with the shell.
how will it do that?
Catch up!!! it will be in the market.
key word, market. and cysg is not in one.
Clean, a term used in markets denoting a debt-free entity.
clean? it's revoked.
Negative, CSG is acquring a private company that wants to go public with CSG, using CSG's currencies and NOL's.
Once this deal is completed with Esko, CSG is an empty shell. However, there is a huge benefit for CSG to merge into another company. Reason why, CSG is a competely clean shell. There's very few of those out there and when one pops up, they are immediately attained.
I believe we are being acquired.
We are acquiring? Being acquired? or reverse merging?
Hearing that it isn't Esko but, somebody is ready to acquire it. LOI is signed.
I'm 99.9% sure it will trade again. There's always that .1% though.
They've acquired over 400 companies since they began and not all of them are on their list. So, I wondered what happened to all of them, I thought maybe some were let go and maybe went public.
That sounds nice in which case if offered to sell the shares at .0005 we would be better off holding them for greater value? If they gave a greater than fair value now could you imagine the size of $$$ involved with a sell-off?
"CYSG NEWS" It's all over the net! Biggest thing happening right now!
Thanks Rich. I didn't see how Esko could merge with or purchase CSG, when their sales/profits are included in Danaher's bottom line. Danaher talks about Esko in their last 10K and what it adds to their Industrial segment. Danaher is already a public company trading on the NYSE.
Are you 99.9% sure?
Now you're getting it:)
Well, I'm hearing that it's not Esko. Curious to find out who it is, just have to wait I guess.
What does the acquiring company pay for CSG.
Ok CYSG will not trade again.. HA ha!! CSG Inc. Will Though!!!!!
Also, CSG has over $3m in NOLs that Esko may be interested in.
I think Esko will buy the shell or merge with it, not the other way around. It would bring all the assets back into Cape and give Esko a way to go public.
It's all IMO but, it's just what I think is gonna happen.
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The future home off CSG Inc.
www.csginc.net
Cape Systems Group is in the process of an Asset Sale. Cape Systems Group Inc. intends to sell it's two subsidiaries, 'Cape Systems and Consulting Services Limited' and 'Cape Systems Limited,' to ESKO. The estimated closing date is September 30th, 2013.
After the Asset Sale, the shell company intends to change it's name to CSG Inc., use proceeds to purchase an operating company, and to relist the common stock.
A detailed proxy statement has been sent to Shareholders.
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