is... well . . . "Just Chillin!"
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See post 22027. It's coming.
Very soon; and yes. If there is positive news with regards to expansion we're headed back toward a 52wk high (IMO). Insiders hold a lot of shares, and with the recent rights offering the company has raised capital to position itself for growth and now positioned further by securing the agreement with Entertainment Properties. AIMO though.
GL!
CGAQ!!!!! RUNNING HARD, will pull away from the pack in about 1 week on MAJOR NEWS!!
"FLIPPER"!! LOL, JK! Nice work, luckily got in at .56 holding til $1.5.
GL.
Empire Resorts Announces Exclusivity Agreement With Entertainment Properties Trust And MSEG LLC (Dow Jones)
Expansion possibilities, I would think.
Come on, really?? No one interested in the news today?
Chade, I really believe in the potential here. All the steps are lining up perfectly for a properous business.
Let the flippers play, they don't understand the potential here nor how business works. Nothing happens overnight, a plan takes time. We longs can see the big picture. Anyone with half a brain for investing in start-ups can piece the puzzle together by reviewing the progress (outline) from the PRs:
FIRST STEP: Caribbean Casino and Gaming Corp. Announces Giant Steps Toward the Worldwide Gaming Industry - A certification has been issued from the finance department and casino commission of the Dominican Republic in which grants Alheli, S.R.L, subsidiary of CGAQ, rights for manufacturing and importing the Kiosks named Gamebase (R). Company understands you have to first secure the "license to Play in the Big Game" DONE!
SECOND STEP: Caribbean Casino and Gaming Corp. Announces Gamebase (R) Models and Price Range (Market Wire)- Next you have to understand the scope/budget you're dealing with. DONE!
THIRD STEP: Caribbean Casino and Gaming Corp. Meeting in Costa Rica With New Investor Group(Market Wire) - Now you know the scope/budget, you're better prepared to layout a good plan to potential backers. DONE!
FOURTH STEP: Caribbean Casino and Gaming Corp. Announces Meeting With Investor Group and Dominican Government Officials(Market Wire)- You've now, got your big investors convinced, iron out the government presentation with your new investors, get on the same page and present the total proposal to the government as one unified group with "financial backing". DONE!
FIFTH STEP: Caribbean Casino and Gaming Corp. Submits Formal Proposals to Government Officials(Market Wire)- You and your investor group has met with the government, discuss details, received comments, to formally finalize the deal on one accord with all partners (govt, investor group, CGAQ). DONE!
FINAL STEP: READ BETWEEN THE HEADLINES!
I'M LONG, SELL ME YOUR SHARES!
Scar, you got that MOMO working baby! Just your "cameo" over at CGAQ ignited a BLAST OFF today, and the big news hasn't even hit yet for this one.
KEEP 'EM COMING! You're definitely HOT!
I'm up 10 GRAND!!!!! WOOOOOOO AND THE BEST IS YET TO COME!
I'm loving it!
BIGGGG NEWSSSSS OUTTTT!!!!!!!!
Just kidding! Just practicing for the big day; did a lot of hearts jump?? LOL!
Almost there guys, go CGAQ!
"YOU'RE HERE!!" OMG! I'm really getting ready to load the boat now! You're picks have made me some mega-bucks!
I agree. Terribly sad! I'm still waiting on that elusive "Q" that everyone claims goes from pennies to dollars overnight. Yet to experience that phenomenon. To be honest, not sure if such a thing exist.
Oh well, better luck next time.
TY
Thanks again, it's been fun watching though!
Shouldn't we be blasting off with todays news?? TY.
I picked up another 100K this morning to take advantage of these sale prices. Big things to come here, I think. Gotta love the potential.
I have invested in this stock because they have solid assets, potential lucrative partnerships/connections in the region (Hotasa & Kiosk), and a solid platform and vision for expansion. Make your investment on solid DD, and be patient. The probability for success here is very high in my opinion.
“The key to everything is patience. You get the chicken by hatching the egg, not by smashing it.”
There are so many opportunities available for CGAQ, I'm not sure why people are thinking the company's goal here is to get rich "dumping stock". The business opportunities here FAR outway any advantage of making a couple bucks pumping and dumping a penny stock. Don't you think Swank as a business man is a tad bit smarter than that??
See post 16360.
In my opinion Swank is working on a long lasting relationship with Hotasa, and if there is a hint out there that Hotasa likes our initial venture and agrees to expand the concept with their other locations, WATCH OUT!!
I'm 1 million strong and holding.
Somebody knows something . . .
I don't let "bashers, pumpers" or whatever you call people who ask questions sway my investment gambles in anyway . . . If you're out to be the basher or pumper police I think you're a fairly weak investor . . .
I got my tickets. . .
LOL . . . !
From your post it's apparent that you have personally visited and witnessed CGAQ's operations; however, you've not given your impressions on what you've seen (unless I missed it)?? If you and your group actually visited the locations, what were your thoughts? Evidently, you were not very impressed since it appears you've decided to bail . . .
Thanks,
I'm "boarded" . . .
Members of this board . . . IMO.
Has anyone mentioned the CORSQ board over here??
Just left there and appears they have their DD in order. Great bunch, I think, with a solid base of researchers that have done a good job predicting all possible scenarios strongly suggesting a favorable outcome.
I jumped in for the ride. Just thought I would ask for comments from others. I know this is after the fact of my own investment decision, but just interested nonetheless.
Thanks,
JUS
Like so many here, I can't wait to see how plays out.
Thanks again for all those that have provided valuable comments, opinions.
Good to luck to you.
Like I said before, I'm headed back to anonymous guest browsing.
The Plan of Liquidation (POL) you mention has to look bleak in order to present the Plan of Re-organization. The proposed plan of re-organization the concern. Will Kilpatrick's POR mirror the BKUNQ plan and leave us high and dry is my concern.
I'm done, we'll see at the end.
Back to anonymous browsing . . .
Oh well, just guess we'll see what happens.
Would be nice though if we could pull together about 10 million shares as a group, give ourselves a fancy "LLC" name and submit a letter to CORS and say "HEY, GIVE US OUR MONEY OR ELSE, we'll screw up your little NOLs plan!!" LMAO!
I have no clue.
I just want to know why my shares didn't go to $27!! LOL!!
I would love for this to play out, believe me, but I'm having a hard time getting a grip on how this would play any different from the BKUNQ case, especially with the same legal team driving the boat. I've offered my thoughts on the outstanding share counts, but strictly I have no clue. Just see the rich getting richer and the little guys getting shafted every single time. I really hope it's different this time, but just don't think so. Would be nice though.
By the way, so that there're no doubts here, I'm holding 150,000 shares of this averaged at .035677.
I can afford to lose, but would seriously like to win for once. :/
LMAO!!
I REALLY like the potential of this stock and think one day it will do well, but DAYUM, I really wish you could find someone/anyone who can professionally develop a real PR. I mean, “Caribbean Casino and Gaming Corp. Announces Big Negotiations in Process”, really?? Simply highlighting the word “big” and using shift-F7 in microsoft word would have done wonders in suggesting more descriptive adjectives than “big”.
Considerable, significant, important, momentous, major, extensive . . . I could go on and on thanks to shift F7.
I really hope we aren’t spending too much money on these PRs.
By the way, call me basher, but I've done the BKUNQ thing.
"Kilpatrick" will take us down the same road as BKUNQ since they have the precedence of the so called "success story" of Bank United. This is why it has been mentioned that the parties involved seem so jovial when interacting during court. They have the plan, they have the presedence set, and they can satisfy the "big boys". Attorneys work for the big players, not for the common average joe.
With the same captains driving this boat, how can anyone here logically say they will take a different route in this case than they took in BKUNQ?? The BKUNQ case is touted throughout the news as the revelation of bankruptcy reorganization, do you really think Kilpatrick wont follow this so called model plan to a "T"??
Only thing I can think of that may be different is the outstanding share count difference in each case. Just thinking out loud, but if for some strange reason BKUNQ had a substantial number of shares floating around out there once the big boys had their fill, wouldn't it make sense to cancel those if you could?? The more shares/debt that can be canceled legally and still maintain NOLs is money to the bottom line, right?? Now, for some reason if in the case of CORS there's not a significant number of "left over shares", could they just let us tag along for the ride?? That's why the share count of this board would be interesting. I'm really thinking that this board may hold a significant position if consolidated. Hell, we might be "Mr. Big"!! A significant "group" of investors will carry a lot more weight than a single shareholder.
There are smart people here, we should plan to protect our investment, not just sit and dream that someone will give us a big payday.
I'm grasping for straws here, comments?
Corus Bankshares filed for chapter 11 protection on June 15, 2010 and the U.S. Trustee appointed the Committee on June 28, 2010. We know the members of the Committee are:
•U.S. Bank, N.A. as Indenture Trustee for Corus Statutory Trusts I, III & V
•The Bank of New York Mellon Trust Company, N.A., as Indenture Trustee for Corus Statutory Trust II, IV, VI, VIII & IX
•Wilmington Trust Company, as Indenture Trustee for Corus Statutory Trusts VII, X & XIII
•Wells Fargo Bank, N.A., as Indenture Trustee for Corus Statutory Trust XII
•Bank of America, N.A. as Indenture Trustee for Corus Statutory Trust XI
The point here is that the Committee's application asserts that Kilpatrick Stockton (the one's driving the boat) is uniquely positioned to represent creditors in the Corus Bankshares case due to its Creditors' Committee representations in the re BankUnited Financial Corporation, et al., and In re NetBank, Inc. bankruptcy cases. Both such cases "similarly involve the chapter 11 filings of bank holding companies for failed subsidiary banks."
The plan is set, if you're not in "BIG" you're not in. Who here played BKUNQ and profited?? Any thoughts on that particular play?
Thanks in advance.
Key concept in that exchange . . .
Under the normal NOL rules, the “Ownership Change” definition under §382 is only concerned with the INCREASE at the 5% shareholder level. There is nothing that I can find under the normal rules of the code that limits the survival of NOLs in the event that common shareholders are not preserved because that would constitute a “decrease” not an “increase” in ownership.
The "savvy investors" here were only concerned with the "increase" at the 5% (2.4 million shares) level, if you recall. As long as those specific holders remain, NOLS are preserved; the rest of the bunch (minimum common share holders), well, no one cares but the bagholders.
I know, "lotto play".
GLTA, you're going to need it.
At this point, with shares pretty much locked, if ANYONE wants to join the "2.4 Club" to survive the end game, it would take an absolute miracle . . .
AIMO.
FWIW - There was a methodical plan to ensure the "savvy investors" were confident in the future plans of CORS and secured their spot in the "2.4 Club". Additional efforts were undertook to identify and notice the "2.4 Club" in court docs just in case there may have been someone outside the intended "2.4 Club" unknowingly out there who would be unfamiliar with the intents and purposes of the plan (ie "Plan 2.4).
Your dd has shown the names of the "2.4 Club" who will benefit . . . if you're not on the list, this may not be such a happy ending after all . . . AIMO.
Besides, if mikie's truly in the know (which would mean he's on the list) then . . .
Again, ALL IN MY OPINION . . . GLTA!
Think some may now wish they were in the "2.4 club"?
We should never underestimate the greed of a "savvy investor".
Any thoughts?
Surely the board's holdings count has increased substantially since this survey?? Anyone care to estimate?
TIA
Whatever happened to "Pathan"?? Did he uncover something here that didn't quite add up?
Just wondering . . .
TIA.