CSG Inc. (fka CYSG)

[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.

[daretodream]

My question to him....

"So now do you have an estimate on how long until we get some info on any acquisitions with CSG?"

[FKA Booger]

Timeline for what?

[daretodream]

Yesterday from Phil...

"We only closed today, so give us a week or two to put a timeline together."

[daretodream]

From me:
Sounds good!! Will be Anxiously waiting for some info on the future of CYSG/CSG Inc. After Esko takes over CAPE what will be the best way for communicate beside phone/text?


From Phil:
Txt is fine. Closing docs are being done today with wires being sent this Monday 10/21.

[daretodream]

Yesterday...

From me: Did the closing happen today as planned?

Blocker: Either tomorrow, Thurs or Friday. We have Bring Down call scheduled for 9AM which must be done within 3 days of closing, so worse case it would be Fri.

[Taking_Profits]

Will there be a new contact email for Blocker ?

[FKA Booger]

People needs to start bugging Phil about this supposed other deal they signed an LOI with

[daretodream]

I asked Phil about the site..

"The last week or two we have had technical issues ref: email svc. Not worth investing time or money as it will switch to ESKO late next week."

[daretodream]

I know the closing was moved to Tue 10/15...

[GonzoTrader]

Just tried it. Looks like the website is down.

[daretodream]

Has anyone tried to get on www.capesystems.com it is not working for me?

[V63]

back up to 200 followers! ;)

[puckhead]

Imagine that, shareholders can sue in a class action claiming that they have been misled by the company.....................

http://www.theyeshivaworld.com/news/General+News/190791/BlackBerry-Faces-Class-Action-Shareholder-Lawsuit.html

[daretodream]

Closing on Esko will be on Monday.

[moondoggy]

I had a similar conversation with Phil. He stated that he has not been compensated in cash, just shares. His goal is to make more than on the shares than he would have if he'd been paid in cash.

[daretodream]

Yes

[V63]

what was Phil's answer to your question?

[daretodream]

*dissent.... spell check =)

[daretodream]

So we are all in that didn't descend... I asked Phil if they had very many people descend.. I told him I did not.

"The deadline was yesterday so you are taking the ride the same as I am based on my shares and my goal is to get as high a value as possible."

Let the re-listing began.. GOD willing!!!

[daretodream]

2% But I doubt anyone will tell the truth who actually does. I am not!!

[Penny Lover]

What do you think the % is of us that filed dissenter's rights?

[daretodream]

I got my check today for descending... anyone else?? Ha ha NOT! Has anyone that has sent in got any info yet??

[GonzoTrader]

Exactly...

[puckhead]

Probably couldn't spell proctologist......lawyer only has 2 syllables...

[GonzoTrader]

Yes, my broker told me the DTCC does not have them. When I brought this to the attention of Phil Blocker he responded by telling me to get a lawyer.

[puckhead]

They probably do not have certs for shares owned beneficially.
Naked Short selling in a company that is.................
1) a POS sub Penny
2) going to be de-listed
3) a POS SUB PENNY.........

is 100% pure profit and accounting rarely ever happens.....

Read up on BCIT, billions of shares on the NOBO with only 6 Mill OS, Delisted, Deregistered and never any covering ever required or even looked into DTCC, FINRA or the SEC......

Or Overstock, a company with a REAL business, they filed so you know, that actually squeezed and brought NSS to light.

There must be certs and If the certs are not deposited in the DTCC then they are sent back to the company. So someone has certs....or Do they?

Just an after thought......CYSG could actually create a short squeeze if they can get re-registered and not change the share structure.

[GonzoTrader]

I've run into another problem obtaining the certs. My broker has informed me that even if they could find the revoked stock certificates they still cannot give them to me because they are in a Roth IRA. I was leaning towards not dissenting anyway, after I found out how much BS you have to go through and what it would cost.

[GonzoTrader]

The deadline to inform them that you want to dissent is the 29th. Then you have another 20 days from the date you notify them to send them the certs.

[Penny Lover]

Etrade agreed to not charge but they take 2 weeks to receive. They were supposed to call me but have not. I guess I can't dissent unless they give me the cert in time. The deadline I hear is the 29th.

[paper123]

Scottrade, was anyone able to get the share certificates from their brokers?

[spivster]

Prior to this legislation, mergers and acquisitions required a unanimous vote in favor from the shareholders of the company. This allowed for just one dissenting shareholder to veto the merger or acquisition, even though it may have been in the best interest of the company. State legislation took away this right, but in turn, gave the shareholders the right to receive the cash payment for their shares instead.

http://www.investopedia.com/terms/d/dissenters-rights.asp

[FKA Booger]

Blocker told me in a text 6-9 months if we are lucky to even trade again. I fully expect to lose quite a bit of money from my original purchase into this BS company after they R/S it into oblivion. However, it will be a good stock to flip till the dilution machine kicks back in, so I'll be able to recoup my losses and make some money from my flips of the new stock.

[GeneS]

what does "qualified" mean?

[LexTrader]

About .0004 - .0006 per share, based on 3 mil + BV. That maybe be high depending on the debt. I got an email from Phil a few days ago, that was pretty positive on relisting in 120 days. Holding pat

[fenian32]

From the company.

Only qualified dissenters get an offer. Fair share value can be determined as follows:

your shares
----------- X After Closing BV (estimate it based on Proceeds)
5.6 Billion shares

[Radar02]

i think the excess shares should be spread out to the share holders accordingly to their count instead of distributing them to the officers. We are the losers here not management. Looks like stealing to me. Let GOD be the judge.

[Penny Lover]

Thanks GT,

I guess it all depends on what their offer is but I'd like to think around $.0005? Any other dissenters filing? Any idea what their offer price per share might be?

GLTA

[GonzoTrader]

You should call your broker, you have 20 days from receipt of notice. I received mine on 9/9.

In my final conversation with my Scottrade broker he said it is normally $500.00 to get the certificates, but he didn't think they could get them because the stock was revoked.

He also said that 9 times out of 10 you will lose if you don't like the offer and bring a court action.

You will have to decide if it's worth the fee plus the cost of an attorney to go to court.

[Penny Lover]

Does anyone know the deadline for filing dissenter's rights, how much the certificate costs through Etrade or any clue as TI what the offer may be?

Thanks in advance.

GLTA

[GonzoTrader]

I second that...

[fenian32]

"I'll gladly send you his texts from my phone so you can irrefutable proof we are all screwed."

Well we know the management aren't screwed, they ran the company into the ground and then awarded themselves whatever is left. They should be getting zero not a bonus.
Its obvious that us retail shareholders were used solely to funds there wages and bonuses.

[V63]

So do you think it's better not to keep them? I would value my shares at least at .0007

[GonzoTrader]

Is there an attorney on this board.

[GonzoTrader]

I just spoke to my Scottrade broker about getting the certificates for the shares.

All certificates are held by DTC, Depository Trust Corp, but not if they are revoked. They don't have them. If they were not revoked it would cost $200 to $400 just to get them.

He also said that he's never heard of a company requiring the certificates if you demand dissenter's rights.

He is going to investigate this further and call me back later today.

[LexTrader]

Well, go for it, and have a ball.