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that's because there's not any
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Nice videos. Simple, informative, and made easy to understand for those who are not familiar with the arena.
Yes, and that means anywhere from the next day until six months later. FYI, I've argued in front of a bankruptcy judge in the southern district of new york. I've been sued by the government in federal court.....they got their ass handed to them. And I've sued my city of residence over some trivial bs. So, yes, been there 3 times. But you surely know more than I, lol.
EDIT: The judge felt like all the effort of 2 inspectors, 2 prosecutors, and one judge by special assignment, along with travel expenses from virginia to texas was worth a $144 fine. lol I paid more than that for a speeding ticket. 144 bucks worth of save face and tens of thousands spent. Your government at work. Free matresses for everybody
Matty, you're 100% correct. The creditors will get their's right after Sherman dumps his. He gave himself 180 days to do it, lol.
It should be if the lawyers don't suck it dry
Well I don't know about a run, but rest assured one famous resident pumper will make an appearance soon enough. I'd imagine he is grabbing some ahead of time, aka now.
No, it's just a pit stop on the way to where it will wind up.
The only pattern i see is a trip towards 8 cents and beyond. This thing has traded at times at a 75% discount to what is was a couple weeks ago. Heck of a bullish pattern if you're short, lol
Im glad you point that out so often, because soon enough the drift downwards will become very evident and you will look back at all that time you had to get out at such an inflated price.
The only reason that was not deleted is because it was not seen within the required 48 hours. DO NOT bring that junk pump spam no name fictitious client bs to this board. This is a 'distressed and bankrupt' board. QSGI, by all accounts on that board, has lost the q which identifies a security as being in bankruptcy. Therefore, it is off topic. No need to tarnish its name over here, I would hate for someone to use it as an excuse when it doesn't 'go to the moon'.
What would that new business plan be? Flipping used ultrasound equipment on craigslist or issuing countless pr's about clients with no names? lol Next time you talk to sherman, at least make up some good names.
That would be incorrect. The COMPANY'S ATTORNEY(S) prepare the final order and the judge just signs it. Judges do very little paperwork. So if that is what is holding up the infamous 'Q', then you only have Sherman and QSGI/KRUSE to blame.
Is qsgiq at $2.50 yet?
if i could only pick a winning stock now, lol
that's what happens when the prosecutors lie, overcharge, tamper with evidence and introduce junk sniffing machines.
if you read the florida statutes, you will know why she walked
That's how it works but that doesn't make it legal. Happens every day.
it would be hard to believe the prosecution could get a death verdict....since they led with murder by chloroform and then finished with murder by suffocation via duct tape.
i mean damn, the prosecution is flat making stuff up, junk science sniffers (keep in mind polygraphs are non-admissible and have been around close to 100 years), photoshop images making tape appear where it was not found...
the sobs should be out of a job. If you read any prosecutor's statutory duty, i.e. the law, their primary duty is NOT to convict, but to see that justice is done. they are way out of line here.
regardless of the outcome, this will get kicked back on appeal if convicted.
this is what you get when tv's come into play
should walk
I know someone that advocated to dump the ag business from day one. Rogerson to busy patting himself on the back for being the turnaround genious he is not, to pay attention to fiduciary duties. Clown. He's not a leader at all, and didn't have the nads to reign in natasha. She got more than him.
Yeah, i wish i knew what was going on sometimes myself, as did everyone else except for 2 certain hedge funds that did an end-around on the EC, and they were members of the EC. They blew it.
Then, not to mention, an azzload of insider trading by certain bondholders.
I don't understand what the beef is with most posters that doubt your contributions. Your valuations have consistently been very liberal on the high side. It is highly unlikely they will hit that 8 million projection, but even if they did, their enterprise value @ 16 million is simply unfathomable. They don't manufacture anything, and simply have a small staff of 10 salesmen and geeks that provide labor services only.
Business contacts ie customer lists, i.t. knowledge, and the geek squad can hardly value each employee at $1.6 million per head.
COGS's high numbers make this look like something it is not.
No need to be generous with your postings, but do as you will.
Obviously your perception of 'intact' means they are diluted 85%. So be it. I'm wrong if that is your definition,,,,,carry on. Good day.
Oh reallllllyyy. Even Sherman, with his track record, is not foolish enough to give substantial or tradeable information via emails to message board frequentors. Next time can we at least get a copy paste (even if it is made up at least is shows effort)?
IF you got an email, it was nothing of substance.
One of the biggest misinformational posts yet
If his factual postings leads you to believe that he is short, then it may well be a time to reflect upon your position.
The earnings are out, and they are not what was anticipated or projected. Thus, while this is still trading at a price which anticipates much higher earnings in the future, the same can be said about this conversation and many others pertaining to the .com euphoria over ten years ago.
I'm sure you remember what happened there.
The numbers don't lie (and when they do, those folks find their way to the klink), so it really doesn't hold much water to try to bring in the TOS as a tool to censor one side of the conversation.
Refer to post 60585. Those are qsgiq numbers on a monthly basis. They shown ZERO CASH INCOME. NOTHING. NADDA. Just bad accounts that did not pay. Liabilities they couldn't pay.....which is why they gave shares away to creditors (a percentage of YOUR shares).
Enough of this senseless 'hide the ball' and misdirection. It's plain as day. The book value of the newco is .0007 cents/share. (oldco is underwater)
To get to the pie in the sky 60 cents/share requires a P/E trading of 9200x earnings.
A 200million dollar EV is pure fiction.
The facts are readily available,,,,although rampant opinions are easier to post.
QSGI held a 363 sale and sold off all their income producing avenues and were left as an underwater shell.
That's the facts.
One would think that with 20 years of experience they would have learned how to stay out of bankruptcy. I can't fathom this talk of the future is bright when 20 years worth of the future is now the past and all you have to show for it is a book value that is less than the CEO's salary.
Come on, let's get real here.
Further, the much anticipated financials come out, and now the crowd refuses to believe them. Unbelieveable.
Wow, nice, if only everything traded with a P/E ratio of 9200. (+ or - a 100) lolololollllo
Book Value = .0007/share based on the 8K numbers. Good luck folks.
For those of you that may not understand (hdog), this is what you call a change in control. Sherman and co can vote the a/s to 2 billion, or whatever they choose.
Whether or not they make the projected 8 million in revenues is of no consequence. 8 million is peanuts even under the current share structure. The gross income under that revenue will be ate up by management's generous salaries (that can be adjusted upwards by insiders who retain control) up to the point that little, if any, net income will be realized by newco. Then they will start selling shares to prop up their bonuses and employment incentives,,,,under the guise of merger and acquistions.
This is rinse and repeat for Sherman. It may be legal but it is surely unethical. Buyer beware.
Yes, I'm afraid I do. With the current comtemplated OUTstanding, you got one slice. You're diluted approximately 85%.
Now, to address these crystal ball mergers and acquisitions....a 2 billion share count goes along the lines of exxon.....and this ain't not exxon.
This shouldn't even be a publically traded company. Krusecom/qsgi has the revenue of a successful restaurant. Now imagine that restaurant with 240,000,000 different owners. Ha!
The next revenue stream will be selling off 2 billion shares. Typical pink sheet m o.
Well let me explain it for you, since it seems to hard to comprehend. Let's say you had one share which was equal to one pie. Sherman just sliced it into 8 pieces, took the whole thing from you, and gave you one slice out of your original pie. You started with one pie and now you have one slice.
The A/S goes from 90,000,000 to 2,000,000,000 and your one slice was only the result from issuing 200,000,000. +-
When Sherman gets done with you,,,,you will end up with one tenth of one slice.
My interpretation of 'intact' is not a sliver of something that started as a whole piece.
You're dealing with a company that buys and sells used computers, aka somebody's junk. While they may make decent money for a handful of management personnel, when you see this type of low income coupled with a share structure of 2 billion, if that isn't a red flag i don't know what is. Rinse and repeat.
Spymaster has kept it real, more so than most anyone else here. He is the person who has brought the most reliable, in-depth DD to this board.
But if you would still like to argue that i was wrong about shares being 'intact', then it doesn't make much sense for me to argue that a share that is diluted at least 80% is not 'intact'. It's not worth wasting my time.
Your 10 shares turned into 2 shares after the dilution.....but who's counting? lol
I did the math on the dilution for you, maybe you will understand what 'change in control' means from that.
Now you can give us the Enterprise Value (EV) calculation....i'm waiting.
Outlandish posts of 200 million dollar enterprise values and commons remain intact, when in fact commons are diluted by at least 80% and the revenue will only support a valuation in the 2 cent per share range (tops) does not fall under the premise of 'research and due diligence' which is the topic of this board. Pump and dumps are not allowed here. Thank you and have a nice day.
Insiders selling
It's a cinderella alright, it trades at 20x any symblence of true value.
Now can you quit posting the same thing over and over, it's called SPAM.
To late? hah! This may be a while yet.
Hence the reference to carefully crafted bylaws and pee-ons aka retail holders.
Without an astute retail holder on the committee, I'd say representation is a 50/50 crapshoot at best. When you have a couple of savvy retail holders on a committee and a retail majority, then you have true fiduciary representation.
All to often, committees loaded with hedge funds squander true value in pursuit of self-dealing. They have that "look at the big brain on me" syndrome. In reality, they're just thieving assclowns.
People generally misunderstand the concept of 'fiduciary duties'.....and sometimes those people are actually serving on an official committee. The reason the ltws would benefit from an official committee are many fold. What may be a acceptable deal for compromise with the funds running the show, may not be in your best interests. Of course you think they will treat you right, but they can just walk. LTW owners at this point are just riding coattails. The EC is foolishly looking over the ltws as a non-issue and the creditors committee isnt doing much either. The fact is that unless an official committee is appointed, to represent a set of interests that, by comparison, is larger than the entire value of a lot of bankruptcies, then you are relying on a couple of hedge fund bean counters leaning back in their fancy swivel chairs wondering when to make a decision to cut a deal and stop the legal fund bleeding.
An official committee takes that decision out of the equation and hopefully you can get some pee-ons on the committee that can sniff out a hi-jacking of the process,,,,which can be easily prevented in carefully crafted bylaws.