CSG Inc. (fka CYSG)

[puckhead]

uh.........no

[puckhead]

Is Doctor Evil on the board

[GABRIELXX]

Way too funny,as I said you can't make this stuff up!!!

Maybe someone with strong math.skills can put this into deeper perspective,I know I don't have than many zeros on calculator:DDDD

[LexTrader]

As was stated previously, I doubt the SEC would allow CYSG to trade with that kind of SS.

[daretodream]

I was hope the same thing maybe he put to many zeros.. Like 6 to many!!

[LexTrader]

I hope he's kidding. Yikes

[daretodream]

No

[FKA Booger]

No response about a R/S though?

[daretodream]

That was his response to me asking about the conversion rate.

[FKA Booger]

Response?

[daretodream]

From Phil:

"The conversion rate is in our last 10K. Just wait a week for us to finish the housekeeping leftover from the closing. We will then issue a PR that will show how it helps the existing shareholders."

We will see!!!!

[daretodream]

O I did!!

[Rich]

Ask him when they are going to Reverse Split. A trillion shares?!?!?! Seriously?!?!

[FKA Booger]

Haha! Did they give a conversion rate? I didn't know the 3 stooges owned this company.

No way! The SEC would ever approve this company to trade

[Joe1984]

Hahahahaha the most pessimistic person wouldn't have predicted that!

[fenian32]

Nobody is criticizing or questioning you, just the company. NIR will take what they are given, they already made several million from selling shares. I'd be very surprised if NIR were much out of pocket at all, they likely didn't get to multiply there investment as expected.

[moondoggy]

Keep us in the email loop... I'll do the same

[speycastrookie]

most appreciate your efforts.

[GonzoTrader]

Don't let them get to you dtd. Your posts are much appreciated.

[LexTrader]

I appreciate your contact with Phil. Don't let the others discourage you dream.

[thelimeyone]

"Some on here can't do math"

Some on here don't want to do math.

tlo.

[daretodream]

From Phil:

"NIR no longer has conversion rights. Nic signed off on my calc, so tomorrow I'll give you the AS & OS."

[daretodream]

You are correct!! Some on here can't do math=)

[hat12trick]

Wait a second...

If they owed NIR $9.5M, and NIR only got $500k and 20% equity in the new CSG Inc... Then NIR is accepting much less than what is owed to settle the debt, OR they are giving the new company a $45M valuation (which I highly doubt).

Either way, from where I'm sit, that seems like a good thing going forward.

[GABRIELXX]

+sold all assets

That is hilarious,you cant even make up something like this.

[fenian32]

Thats even more disturbing, they got $9.5 million in funding from one company alone, yet the company is now worth less than 3 million.

Just how incompetent were these fools ??

[daretodream]

From Phil:

"NIR had no shares. To get them to accept $500K as full settlement on $9.5 million we had to offer 20% equity."

[hat12trick]

Thank you for keeping us posted... much appreciated.

[daretodream]

From Phil:

"No shares retired. Waiting on Nic to sign off on NIR shares they receive with pay-off. Should get it tomorrow."

[daretodream]

Anyone know much of the other Co. Phil works for??




http://investorshub.advfn.com/boards/board.aspx?board_id=6310


http://www.strikeforcetech.com/index.aspx

[speycastrookie]

I was saying that was totally unrealistic. There was no way that it would become 1/15th of the current # of shares.

Is there any word if or when they will acquire a new line of product?

[daretodream]

Don't count on that... I would say around 4b I hope I'm wrong and u are right.

[speycastrookie]

If my math is right, it would have had to drop to 339 million shares to hit the .0065 pps.

So, we wait

[LexTrader]

bingo

[daretodream]

Maybe that has changed after they paid off CR and retired some shares and if anyone used their dessent rights and excepted?

[fenian32]

The management of this company disgust me, there supporters even more so.
Three - four years ago this company was trading @.0065. Now the company has a value at .0004/share. So the company has lost almost it full value. Yet the incompetent careless management have decided that they are worth another $300K of a bonuses by giving themselves another 750 million shares.

These pinkies appear to be the best way of making money going, setup a company if you run it into the ground you make money, if you do well you make money, can't lose.

The management of this company are no better than the worst of the pinkie scams out there.

[fenian32]

Its 5.5 billion shares, from Phil himself.

[daretodream]

From me: "When will we know the share structure?"

From Phil:

"Mon or Tues."

[daretodream]

AS as far as I know.

[GonzoTrader]

Is that AS or OS.

[daretodream]

I will see what I can find out... I'm pretty sure someone said they where told 5b.

[GonzoTrader]

When will we find out what the share structure is.

[daretodream]

From Phil... The Co. Book value.

"BV is 2.2 million."

[daretodream]

BV.. Book Value FV... Fair Value

[V63]

what does BV and FV mean?

[daretodream]

From Phil:

"Working on it as I type this with our attys. I should have an answer tomorrow on BV not FV."

[daretodream]

Just did.. we will see if he tells me.

[Taking_Profits]

Has anyone asked Phil what Fair Market Value Is ?

[daretodream]

I've seen that.

[speycastrookie]

There seems to be a number of companies with the name CSG inc including one listed currently on this forum.