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'FKA Booger' ... you are a mistry to me! One sec your this is a pos and will never trade and now it is in the works. Please no offence!!!
WE WILL TRADE AGAIN!!!!
You sounds rather positive. lol
The deal is already in the works for CSG, Inc to be integrated into another company. It will only be a paper company for a very short period. 4 billion AS/OS is not a great deal many shares. I'd like to see less, but I don't want to lose any in the process. What if the acquiring company was worth more than $250 million? That would make for a company worth over .06/share
8 Billion and 4 Billion, that's a lot of shares for a paper company.
We know the AS prior to revocation was 4 billion and was increased to 8, but that other 4 was never put into the OS, so they could easily be retired. We don't know the deals made with Ribotsky. I have a suspicion some of the shares the BOD just got were part of the Ribotsky shares. Also, we don't know that the OS was maxed out at time of revocation. I suspect it was nearly maxed because Toms had the AS increased just prior to revocation. However, I bet that OS number today is less than 4 billion or right at it.
Well, I asked earlier and that's all I got.
You mean no one knows the AS or OS?
I'm 99.9% sure it's Esko!!!
That's a false number. There aren't 5.5 billion shares in the OS. The OS is the only number we are concerned with right now. The AS at this stage is pointless information
I just received this from Blocker...
My text:
Do you have a target company already in sight?
Blocker:
Yes
My text:
Is the target company already trading or just an operating company?
Blocker:
Private company that wants our public currency and existing NOL's. Already have an LOI signed.
It was posted earlier. #41878
Court costs will be minut and the appraiser shouldn't be but a few hundred. You don't need to have a lawyer, but it is wise to consult one in this case.
I'm considering doing this myself if the company does not offer a true fair value for my shares.
Where did this 5.5 billion shares come from? I saw the share bonus the BOD got, but I didn't see anything else about share in the info packet.
Yeah but they know very few shareholders are going to do that since it will cost more than their shares are worth. They definitely have the upper hand in negotiations imo.
Thank you....since them clearly saying that in the informational packet wasn't enough for some.
Yes she knows legal.. Doesn't mean she knows what is going on.
Do you want to hire a lawyer to sue a lawyer? Very expensive venture for owning shares in a subpenny stock
what? no, this is all part of the master plan that was put into motion into 2009-2010.. any day now its all gonna come together.
You guys just dont understand how a master genius like Nic Cons operates
Good luck with that, lol.
A better idea would be to follow Renee's advice and have an injunction filed to stop the transaction, with hopes of forcing proceeds to be distributed to shareholders.
Renee is the only poster on this board that understands what's really happening.
Scam unveiled? LMAO!!! When you sell the assets of a company that leaves you with a shell.
IMHO this shell and Esko have plans. The proceeds from the sale wil aid in acquiring Esko. Watch and see.
It would be in the best interest of the company to offer a true 'fair value' for the dissenters shares. The dissenter, if not in agreement of the company's fair value offer, can file a dispute and have the Superior Court of New Jersey determine the fair value of the shares. At which point, interest is charged to the company on a daily basis from the time the dissenter filed the dispute till the time they receive the monies. Here's the catcher in that, it is wise to hire legal counsel and the dissenter will have to pay a court appointed appraiser to determine the fair value.
Fair value is determined by the worth of the company as well as any future sales, purchases, cash on hand, etc.
The great Nic Cons would never scam us
The great scam finally unveiled. Can't believe anyone thought these jokers give a flip about shareholders.
Wait til you see the fair value offer.
For anyone that still thinks Cape still has assets, then send me your email and I'll prove you wrong.
Here's the text I just got from Blocker:
It is empty as of the closing from which the proceeds will be used to acquire an operating company
If you read page 31 section 3 you cannot split the election to dissent. It's all or none.
I don't think we'll get that much, but I have nothing to lose.
I'd love to know what the ex staff have to say about been sold out there shareholdings diluted and Tom and the boys getting a 750 million share bonus.
Gonzo i think i will do the same as you sell out one account, thats if they even offer .0005.
A reverse split is all but assured.
a reverse split with whom?
I don't think Toms has as much control over what's going on as people think. I wouldn't be surprised to see the board vote to have him step down. He obviously can't run both Cape and DecisionPoint at the same time, we've seen that firsthand.
Yeah, it's been too long and 5.5 B is way too many shares for a new venture. A reverse split is all but assured.
I have 2 accounts and will probably dissent on the larger one.
Yip he is making money on both ends and if he relists he will continue to draw large wages and he can decide to keep giving himself hundreds of millions of shares as he wants, further diluting the existing shareholders.
The share price does not matter to them as long as there is a .0001 bid and if that drops they will Reverse split allowing them to keep selling their billions of shares. If they don't make enough money out of that they will issue themselves another few billion shares.
If i was there ex employees i'd be heading to the courts they've been screwed even more than us.
Does anyone here really believe that they are thinking about the shareholders. This deal is for them, don't kid yourself.
How about collect a salary while you dilute your 3/4 billion shares.
I'm not a basher and have been here a long time but this doesn't look good.
Why even mess with a bonus of shares if it wasn't in their plans to reinstate the stock?????? Get a clue!!
I don't think it's incompetence, they know exactly what they're doing and it doesn't include shareholders.
I'll take 0.000545 any time!
Its above my break even point:)
oh wow, is cysg awaking from a deep coma?
I wouldn't mind .0005 payout. At least it would be something and pretty near my average. For others it might be darn painful.
Is there still somewhere a chart from the years they traded?
5.5 Billion. I'd love to hear how they can justify giving themselves 750 million shares, when they are so clearly incompetent.
Even if he assigns all the proceeds from sale it is worthless, .000545/share. They ran the company into the ground after making there money from share sales.
There is already 5.5 Billion shares out and Toms and co have just given themselves another 750 million shares as a bonus for this deal. Toms and co will keep issuing themselves shares as they see fit.
Does anyone know how many shares are out there. It must be a ton if these guys are getting 3/4 billion.
If I'm reading this right it doesn't look like it will be that difficult to exercise your right to dessent.
If you don't like their offer then you will need an attorney to commence an action in court as to the fair value of the stock, which will more than likely cost more that what the stock is worth.
Almost in the top 10!! To bad we weren't trading.. Ha ha
Well I dont understand the benefit for Esko to do that.
Maybe its possible then, I dont know.
I just read the information E-trade sent me by e-mail (at 1:20 am).. I now have a headache!
Here are some of the key things I think I got from it (please correct me if I misunderstood anything!)
The positive:
1. The asset sale is for $3.8M
- $600k of that will be held in an escrow account by ESKO in case of any indemnification claims. If no claims, the money will be paid to the company as followed: $100k in 18 months, 50K in 24 months, the remainder in 30 Months
- The company must maintain a net worth of $1.3M for a period of 39 months (which means they have to have some kind of corporate identity for that period of time).
The negatives:
1. The officers received approx 750M shares as a bonus for the transaction (for a $3.8M transaction..are you kidding me?). Some may look at that as a positive, I look at it as a lot of dilution.
2. It's not going to be easy to exercise dissenter's rights.
On January 12, 2005, we entered into a Consulting Agreement with IMC Development Group (“IMC”), which is owned by Peter and Elizabeth Ayling. Pursuant to the Consulting Agreement, we retained IMC for a period of 18 months, which was then automatically renewable on a month-to-month basis. IMC was paid 7 pounds per month (approximately $14 per month based on current exchange rates), IMC was granted options to purchase 1,800,000 shares of common stock upon execution, of which 300,000 options vest immediately and the balance of 1,500,000 options vest over a period of three years and are exercisable at $0.10 per share. Pursuant to this Consulting Agreement, Mr. Ayling served as our Vice President of Marketing and Head of International Marketing.
http://www.sec.gov/Archives/edgar/data/779681/000114420407008933/v066354_10qsb.htm
It would benefit Victoria, Elizabeth and Peter Ayling. IMO.
The shares i have are on my IRA. Hoping for a 50/50 split that way i will receive a little bit.
How would that benefit them?
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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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