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That won't be confusing when there is a csg-inc.net
CSG Inc.... maybe this is the change we all need, a fresh start of something GREAT!!! To a fast recovery and profits to ALL!!!
It should be up by the end of the week or first of next.
i cant seem to find any hint of a website using csginc.net nothing...at least by using my phone..ill try again on my puter ehen i get home.
I asked Phil how we will get any pr's
"You can go to our new website which is csginc.net but it is still under construction."
You're not wrong. PR is suppose to be out next week, so we just have to wait and see what is really going on.
I'm curious to know why the post relating to Phil's response regarding AS and OS was deleted (I can't find it)? The focus seems to be on the trillion AS, but the key number is the OS, or correct me if I am wrong.
I did. I've been reading it off and on all day trying to get a good grasp on what it's really saying
Didn't you get my email?
A trillion shares at .0001 gives a worth of the company at $100,000,000. This is never trading. If the SEC approves something like this to trade, I'll never look at the markets again.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
On June 25, 2004, as part of an Investment Restructuring Agreement with six shareholders, who are also our principal shareholders, we exchanged class C preferred stock for class C-1 convertible preferred stock on a 1:1 basis. Each share of Series C-1 convertible preferred stock is convertible into $1,000 worth of our common stock, at the selling stockholders' option, at the lower of (i) $0.30 or (ii) 60% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before but not including the conversion date.
On September 27, 2004, we issued 7,615 shares of class D convertible preferred stock to MidMark Capital, L.P. in exchange for $7,614,708 of debt, including accrued interest, owed by our subsidiaries and us to MidMark Capital II, L.P. In addition, on September 27, 2004, we issued 5,569,980 shares of common stock to MidMark Capital, L.P. upon exercise of warrants by MidMark Capital, L.P. The exercise price for the warrants was exchanged for the retirement of $315,309 in debt owed by us to MidMark Capital, L.P. As well, on September 27, 2004, we issued 240,000 shares of common stock to MidMark Capital II, L.P. upon exercise of warrants by MidMark Capital II, L.P. The exercise price for the warrants was exchanged for the retirement of $2,400 in debt owed by us to MidMark Capital II, L.P. Each share of the class D convertible preferred stock is convertible into $1,000 worth of our common stock, at MidMark Capital's option, at the lower of (i) $0.30 or (ii) 60% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before but not including the conversion date.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=4880190-266774-290583&SessionID=JviLFqvBONTBCR7
fenian...I have yet to find a penny POS that didn't have that as a business model......some of these thieves even have it in their mission statements.....lol
7.7 billion shares would probably make sense when you add the 5.5 Billion O/S after delisting + the recent 750 million share bonus for the incompetent management + NIR's remaining 20% equity converted.
We will likely see a 20:1 or greater RS as no legitimate company would touch that share structure.
It should be obvious to all including the most rose tinted Nicholas Toms supporters that this company was and will be for the sole enrichment of management at the expense of retail shareholders.
mwelkersmk62@gmail.com
We will see! It is crazy or genius... Hoping for Genius!!
Let's face it, management doesn't give a shit about us. I think the guy's an idiot for giving you a reply like that.
FUN FUN.. an ever ending guessing game.
Trick Or Treat ?????
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
As was stated previously, I doubt the SEC would allow CYSG to trade with that kind of SS.
I was hope the same thing maybe he put to many zeros.. Like 6 to many!!
No response about a R/S though?
That was his response to me asking about the conversion rate.
Response?
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!!!!
Ask him when they are going to Reverse Split. A trillion shares?!?!?! Seriously?!?!
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
Hahahahaha the most pessimistic person wouldn't have predicted that!
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.
Keep us in the email loop... I'll do the same
Don't let them get to you dtd. Your posts are much appreciated.
I appreciate your contact with Phil. Don't let the others discourage you dream.
"Some on here can't do math"
Some on here don't want to do math.
tlo.
From Phil:
"NIR no longer has conversion rights. Nic signed off on my calc, so tomorrow I'll give you the AS & OS."
You are correct!! Some on here can't do math=)
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.
+sold all assets
That is hilarious,you cant even make up something like this.
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 ??
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."
Thank you for keeping us posted... much appreciated.
From Phil:
"No shares retired. Waiting on Nic to sign off on NIR shares they receive with pay-off. Should get it tomorrow."
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
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?
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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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