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Facts and Speculation
Fact
Cape Systems Group Inc. was in debt to AJW/NIR for a considerable amount
AJW/NIR was driving the share value into the ground for some time through convertible notes grossly diluting the share structure.
Spec
Was Nic Toms smart enough to see what AJW/NIR was doing to other company's years earlier maybe thinking revocation might be the only way to save shareholder value?
Maybe Nic Toms asked some of the larger investors to question SEC about non filing
Fact
From revocation Nic Toms has stated his plans to investors about relisting and needing to first have a settled debt agreement AJW/NIR .
The company has spoken to a handful of investor's numerous times
Stating "Re-Listing"
IF THAT WAS NOT THE CASE
would it of not been easier to just delete all the investor's emails as spam and not utter a single word?
Just My Honest Open Minded Opinion
All Good things Come In Time.
PR waiting for everyone (officers and legal) to sign off on. Should be done over weekend. See you on Monday.
PR will be out 8AM Monday.
Yes, I do think I've waited long enough. But tell me, how exactly are you going to get the PR before the rest of us? You can't...you have to wait until its released.
I don't think its realistic to believe after all this time, they let shareholders know they're preparing to have the stock re-listed...just to file bankruptcy.
I don't know what the plan is, so I'll have to wait until next week to see. I do know the company mentioned 2 deals in the works and they've only announced 1.
But, if you want to waste your money on a premature lawsuit...be my guest :)
I have disciplined myself to believe that shareholders’ interests are not a priority for any company. That is the risk WE take as investors.
Apparently Tom’s was not lying about a deal in the works for the longest time, as we can see from yesterday’s news. So maybe the plan to relist will also become a reality. I just don’t know what the company will look like. He seems to think we will be very happy.
Dilution is the way of life with penny stocks. A good example is CERP, another stock I’m in right now. They have tremendous potential but the dilution is holding them back. It’s part of the game you have to accept and trade accordingly.
Don't you think you have waited long enough.....
Wait enough time, all the assets will probably be liquidated and a possible C7 filed leaving you to hold onto your bag'O nuts.
have they not been selling off assets? isn't there another asset on the block?
Shouldn't we probably wait until we find out what's going on before discussion of any class action suit? lol. Besides, remember over a year ago? The super-secret...I can't even tell you the name of my lawyer...because its that super secret...but he says we have a great case...lawsuit???
Looks like we'll have to wait until Monday to see anything definitive. Until then, I'll amuse myself by relying on the old theory that bad news always comes out late on Friday and good news waits until Monday.
Either way, we won't know until they release it...
No class action suit here. You must have the wrong board.
Quick read this before it gets deleted......
Class Action suit for failure of fiduciary responsibilities.
There is no court BK protection here...The company is making money...shareholders should share in that success...
or lie there on your belly and take it again.
TOM's does what's in his interest not what's in the shareholders interest. The dilution prior to de-listing never effected him as he owned a % of the company which would always stay constant. Dilution of us retail shareholders was beneficial to him as it brought income to the company and keep his % unaffected. He is doing the same with DPSI.
If we do relist it will be because he will benefit more out of that he would by selling the company and distributing the funds to shareholders.
I gave up talking to him as it always turned out to be pure rubbish and Mr Blocker is no better.
I don't understand how selling off the most profitable part of the company will help shareholders either.
As of right now, they are batting .1000 for the deception they have given. I posses a critical mind and have to accept they have done nothing but lie since I bought into this stock several years ago. Until I actually 'SEE' this trade again, I will never believe a word they put out.
The news Esko put out yesterday was a 'Letter of Intent' and, from past experience with this company, them selling off the rest of their assets. I'm not experienced in dealing with a situation like this, but I still do not see yesterday's event as being beneficial to us former shareholders.
How many times does a person have to be lied to before they can realize they are being lied to?
Ok, Blocker told me today in an email yesterday.
Monday...According to the text Toms sent me
Kinda looks that way...
Trying to keep their track record in place...lol
I don't think the actions announced by the company so far are anything any of us would have predicted. Should be an interesting day, after years of anticipation.
Good evening, Colleagues!
I'm excited to finally see some action on this planet!
Good luck to everyone!
I know there's still some good in you. Return from the darkside.
I have sent him several over the Last several months and nothing!?!
I sent SC a text this afternoon, haven't heard back.
There are people on here we have not heard from... I'm a little concerned for them????
That was the first good laugh I had today.
Don't expect much from me on the spelling... That Is what Siri is for! Ha ha .. Yes she sucks to!!
I just run a couple business don't have time for spell check=)
I'm still f'n laughing.
Way to almost start a riot. lol Letters mean things.
I have know idea what that means?!?!
LOL...didn't catch that one. Sorry uncle Nic.
Yes .. Sorry!! I'm on my phone. "RELISTING"
My mind can't figure it out yet... Tomorrow will tell!!!
I think he meant to type 'relisting', not 'resisting', lol.
I found it disturbing at first too.
Really...WTF is that supposed to mean.
Just got this from uncle Nic...
"Very positive for CYSG shareholders as it leads to resisting and rejuvenation"
Kinda figured that would be his reply. Hope they clear this up.
Well stated...
His reply will be the same as I got.. PR to explain coming tomorrow.
BTW, I do hope that if CYSG does resume to trade, that everyone still has their shares, even you Booger. Hate to see folks lose out.
If he responds with $ signs and happy faces, let us know right away. lol
Just sent this to Blocker...
Hi Phil,
Can you explain to me how todays news helps in Cape shares being relisted and trading? I don't understand how buying Cape will get us relisted.
Thanks,
Rich
I hear ya, it is nice to see some forward progress. Still like to know how this move is gonna get us trading again. I don't understand it.
I don't think we will see any Danaher stock. I've been looking through their filings and it looks like all of their acquisitions have been cash transactions.
I think it's likely we see a acquisition or merger using the cash we get from the sale.
Either way, it's a positive.. at least SOMETHING is going on!
Since Danaher’s founding, Mergers and Acquisitions have been a key part of our growth strategy. We seek strong companies and partnerships in attractive markets, whose businesses will benefit from the Danaher Business System.
Meanwhile, Danaher's stock is up .5% today
Debt was settled long ago (NIR & PWC)... In my opinion, this and the Invata deal are now cash in hand for the company formerly known as Cape.
That's kinda what I was thinking. If the (formerly trading under symbol CYSG) parent company used proceeds from the sale of various business segments and assets to pay off/settle debt, we would now essentially be left with a (hopefully) debt-free shell company, which could go on to get re-listed. Then the shell company could acquire (or reverse merge) with some entirely different & new company.
Remember back in 2011, Cape sold off part of its business to Invata:
http://www.invata.com/news_post/invata-intralogistics-acquires-strategic-assets-from-cape-systems/
Now, today it sells off the other side of the business to Esko
http://www.esko.com/en/company/press-and-news/press-releases/2013/CAPE-systems
Just guessing on my part, but I don't see shareholders getting anything, unless they somehow get reinstated. Let's see what they have to say tomorrow.
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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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