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Down another 7% to .26.....is driving the stock price down part of the master plan??
If so, then this is a great success.
So which is it...they're so bad off financially they don't have the "resources" to pay accountants to audit financials or they do have the resources but let the stock be revoked intentionally and lied in the PR?
It's one or the other...no resources or liars. Which one did Toms tell you is true?
This is really simple. They can't afford to pay the accountants to audit financials OR they can afford to pay the accountants but chose not to so the stock would be revoked, which would mean they lied in the PR.
So which is it, broke and unable to pay accountants or liar?
And for those that think this was a conspiracy with NIR, that will be answered when NIR does or does not file a lawsuit against Toms/Cape.
No. That's what it means. Can't afford to pay the accountants....or they can't afford to pay the accountants but they chose not to publish audited financials so that it would be revoked to screw NIR.
Either way, they don't have cash or they prefer to not tell the truth.
Not enough cash to pay the accountants to audit financials.
That tells you all you need to know.
My question at this point would be, what good will come of FDA approval for Retimax?
Don't they already have FDA approval for other products they can't sell?
FDA approval doesn't mean anyone will buy the retimax.
The answer to this question should be obvious, think about it.
I'll take your word for it.
Next question, why isn't the Retimax mentioned in the report...i.e. something like "FDA approval is pending for Retimax"?
Or did I miss it?
Deal, accurate information has been hard to come by on this board so any sincere and factual input is appreciated.
Enjoy your weekend.
We're listening, that makes sense.
The part where the current worthless shares become worth something is the part that sounds like science fiction....I'm sure it's possible, I'd just like to know if there is precedence with any other stock that was revoked.
Got it, can't reply via PM.
1. yes
2. ok
3. obviously, unless he intentionally misleads
4. ok
5. we'll all find out
If that happens, fantastic. It seems it might be unprecedented, but whatever.
So you're in the camp that believes Toms is going to make your current worthless CYSG shares worth something.
Hey, we're all ok with that. We're just really tired of the constant lying on this board.
"prophets of doom".....so was the revocation good news for you?
So now that he intentionally let CYSG be revoked, the option is pay up in cash or battle the lawsuits.
I would need to re-read as I skimmed over some sections, but I didn't see a mention of "paramax".
Is the FDA approval for paramax really the "photon" laser that is mentioned?
Renee...regarding the indebtedness to NIR, is it possible that he would try to avoid it via bankruptcy?
Quote: Gator Tex / all others : Cape Systems is now a private company that has over $7 million in debt to lenders who will be quite angry at the stock's revocation . The stock was the lenders' cash cow so it is reasonable to believe the lenders will aggressively pursue Cape to get their money , and they will win any default lawsuit . The lenders will be like alligators against ALL assets of Cape Systems and Nic Toms .
CYSG was the only part of Cape Systems that shareholders owned and with the stock being revoked shareholders now own nothing .
CYSG shareholders will NOT receive any
" benefit /compensation /value for the shares they held at the time of revocation "
It does not matter if Cape Systems is acquired by DNPI or any other public company for the company's I.P. or tax credits or even if Cape receives a billion dollar contract because there is NO public CYSG stock anymore .
I repeat , CAPE SYSTEMS is now a PRIVATE company with NO public shareholders .
It is unconscionable for anyone on this or any other message board to extend any hope to CYSG shareholders because CYSG does not exist anymore by the deliberate and derelict intentions of CEO Nic Toms . Nic Toms had every opportunity to comply to the SEC because we know he had 3+ years of Financials in his possession but he chose to NOT present those Financials to the SEC . Nic Toms sacrificed CYSG shareholders for 3+ years to feed the toxic loans , with the final insult being revocation of CYSG where shareholders lost everything .
Just in case anyone thinks they can organize a class action or independent lawsuit against Cape Systems it is my considered opinion that NO Law Firm would work on contingency and would only take on such a futile case with a large cash retainer in advance , and even if there was a snowballs chance in winning Cape would simply file bankruptcy to avoid any judgement against the company
The only thing you need to know from that report is "going concern".
Yeah it mentioned FDA approval and the fact they can't afford to complete the tests needed for the "photon".
What a disaster.
Wow, good luck with all that. That read like a horror novel.
Call me crazy but... I REALLY like where CYSG is going.
Capesters have always wanted FINANCIALS. We've always said they were coming. To no avail.
Others have said, it will never happen.
Well, guess what?
CYSG and Toms have been backed into a corner. The talk is over. It's time poop or get off the pot!!
Get ready to be AMAZED!!!
I hear ya, not trying to bring you down..but I would defer to Renee for the best answer about that possibility.
Cape will be dealing with NIR first, it's obvious the revocation was an intentional move. The first smoke signal will be a lawsuit by NIR.
That's good to know, but I think the key point would be....the shares you owned once it was revoked are gone forever.
So yeah, they may re-register and begin trading again but you will own 0 shares unless you choose to purchase more once they resume trading.
Renee, keep me honest here.
Quote: Gator Tex / all others : Cape Systems is now a private company that has over $7 million in debt to lenders who will be quite angry at the stock's revocation . The stock was the lenders' cash cow so it is reasonable to believe the lenders will aggressively pursue Cape to get their money , and they will win any default lawsuit . The lenders will be like alligators against ALL assets of Cape Systems and Nic Toms .
CYSG was the only part of Cape Systems that shareholders owned and with the stock being revoked shareholders now own nothing .
CYSG shareholders will NOT receive any
" benefit /compensation /value for the shares they held at the time of revocation "
It does not matter if Cape Systems is acquired by DNPI or any other public company for the company's I.P. or tax credits or even if Cape receives a billion dollar contract because there is NO public CYSG stock anymore .
I repeat , CAPE SYSTEMS is now a PRIVATE company with NO public shareholders .
It is unconscionable for anyone on this or any other message board to extend any hope to CYSG shareholders because CYSG does not exist anymore by the deliberate and derelict intentions of CEO Nic Toms . Nic Toms had every opportunity to comply to the SEC because we know he had 3+ years of Financials in his possession but he chose to NOT present those Financials to the SEC . Nic Toms sacrificed CYSG shareholders for 3+ years to feed the toxic loans , with the final insult being revocation of CYSG where shareholders lost everything .
Just in case anyone thinks they can organize a class action or independent lawsuit against Cape Systems it is my considered opinion that NO Law Firm would work on contingency and would only take on such a futile case with a large cash retainer in advance , and even if there was a snowballs chance in winning Cape would simply file bankruptcy to avoid any judgement against the company . --------------------------------------------------------------------------------
Gator Tex / all others : Cape Systems is now a private company that has over $7 million in debt to lenders who will be quite angry at the stock's revocation . The stock was the lenders' cash cow so it is reasonable to believe the lenders will aggressively pursue Cape to get their money , and they will win any default lawsuit . The lenders will be like alligators against ALL assets of Cape Systems and Nic Toms .
CYSG was the only part of Cape Systems that shareholders owned and with the stock being revoked shareholders now own nothing .
CYSG shareholders will NOT receive any
" benefit /compensation /value for the shares they held at the time of revocation "
It does not matter if Cape Systems is acquired by DNPI or any other public company for the company's I.P. or tax credits or even if Cape receives a billion dollar contract because there is NO public CYSG stock anymore .
I repeat , CAPE SYSTEMS is now a PRIVATE company with NO public shareholders .
It is unconscionable for anyone on this or any other message board to extend any hope to CYSG shareholders because CYSG does not exist anymore by the deliberate and derelict intentions of CEO Nic Toms . Nic Toms had every opportunity to comply to the SEC because we know he had 3+ years of Financials in his possession but he chose to NOT present those Financials to the SEC . Nic Toms sacrificed CYSG shareholders for 3+ years to feed the toxic loans , with the final insult being revocation of CYSG where shareholders lost everything .
Just in case anyone thinks they can organize a class action or independent lawsuit against Cape Systems it is my considered opinion that NO Law Firm would work on contingency and would only take on such a futile case with a large cash retainer in advance , and even if there was a snowballs chance in winning Cape would simply file bankruptcy to avoid any judgement against the company .
Renee, would love to hear your thoughts about this post.
Is there any conceivable way, even if unprecedented, that CYSG shareholders of record as of the date of revocation can ever receive any benefit/compensation/value for the shares they held at the time of revocation?
This includes any possible merger/acquisition/re-org/re-registration/alien abduction/tax credits to pay off NIR, anything.
I am here ... And I ain't goin anywhere!!! .....It's time for a lot of you to think about what you never payed much attention to...Have fun...Example: 20 mil in Tax Credits form the NOL's providing CYSG maintains 51% ownership of Cape over the next two years...and the word transformation .... Do you realize that NOT ONE OF YOU SCIENTIFIC TYPES asked or referred even one time about the NOL's ...What a void?????... ..I can assure a whole lot of you will be needing to find a heck of a lot on your own ...SC
Really?
So the story of CYSG stock isn't over? Please, do tell.
Do you understand that it doesn't matter what happens with DNPI? DNPI may close at $13 tomorrow and the fact remains...CYSG shareholders just got waterboarded.
Historically just how dumb does Nic Toms look to you????? ...SC
It takes two to tango, this is more on Toms than NIR. No one forced Toms at gunpoint to get in bed with Ribotsky.
Birds of a feather.....and Renee is right, look for the lawsuits to follow and they will impact ALL of Tom's dealings.
Seeclear, if you're still looking to buy those 10,000,000 shares, I'll sell you all of mine at .0010 per share. It's a great deal because Nicholas Toms is taking this thing to the moon.
I'll print out some certificates and you can just wire the money to my offshore account.
Let me hear from ya.
Seeclear, you still on the phone? We'd love to hear from you.
Would you consider this to be your finest moment, at least in the last 12 hours?
Call me crazy but... I REALLY like where CYSG is going.
Capesters have always wanted FINANCIALS. We've always said they were coming. To no avail.
Others have said, it will never happen.
Well, guess what?
CYSG and Toms have been backed into a corner. The talk is over. It's time poop or get off the pot!!
Get ready to be AMAZED!!!
Seeclear, where are you? Are you on the phone with Nicholas?
Me2, you might want to sticky the revocation notice.
Oh the humanity!!!
Seeclear, when Nicholas told you this wouldn't trade on the grey and a PR would be released, did he mean it wouldn't trade because they were working on being revoked?
Oh dear. Can't wait to hear the explanation.
Maybe this is what Nicholas meant when he said this would not trade on the grey.
thanks, i'll be here all week!
Isn't that like saying you're the skinniest person at fat camp?