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Again I feel it important that 'everyone'to remember this from the TOS:
" Messages posted by individuals may be misleading, deceptive, or in error. If you disagree with a posting, feel free to voice your opinion."
Again asegal untrue they are not being pulled quickly they are staying on most of the day maybe you should watch the trading instead of monitoring the message boards you will see the action yourself nice trading this afternoon ready for lift off yet asegal? You seem a little more chipper lately on cctc than last year.
Asegal flash retract bidding has not been happening not to any extent....large bids have been retracted only to be moved up to a higher price .....I will give it to you though you are good at stirring the pot of untruths.
8k out
That's obvious asegal the reason people get excited is there is money at stake here, that's classic stock market 101.
Welcome back Toucan.
Whatever asegal your market maker 101 comments are ridiculous..... did you see the trades for the last 2 days?
I call B.S. on that Asegal I would understand that scenario if there was an all or nothing order But there have been a few 100,000 Going through on the bid I'll admit I am still a bit skeptical of this but the bid has continued to move up from 16..... but from here we know that there is no 1 willing to sell in this price range with any significant amount of shares...... by the way this does not happen all the time at least not this amount of shares in this price range
Nice chart and nice and nice 13 mil bid can't wait to hear what's coming down the pipe.
CCTC
Asegal what do you make of that 4.8 mil hanging out at the bid today, fluff? Its got me intrigued who could it be and why?
To da moooon!!! Lol
Which form 4's are you referring to specifically? The ones from former CEO's or the current one who appears to have deeper pockets and more experience with getting the job done please post links if you have proof of the current regimes form 4's excluding the former Doug Hague. Try not to twist the facts here. Everyone knows Robin has yet to sell any stock.
Vision I believe you are correct interesting read earlier don't doubt any thing about it lots of shady things going on.
Of course its open to discussion but let's not get hung up onon lawsuits and other frivolous things that have already been settled too much. I think the negativity surrounding this great company emerging from bankruptcy is a little over the top.
But the case was settled am I hearing you correctly?
Offense taken asegal ....when you look at otcbb.com they don't show a t-trade on it they normally do that's why I questioned it nice to see you back on line I was starting to worry u may have jumped out a basement window with all the buying this weeklol no offense to you. Im sure you are wondering who in their right mind would be buying right now who do you think is responsible?
How do we get a 91,000 trade at 4:15 for. 017 sounds sketchy to me
Looks like the weak hands were shaken out last week on the way up now wouldn't you say asegal?
Forgive my ignorance but what are we up listing to and how does that happen?
Dog what do you think about qsgi these days do you think we are going to be o.k.?
Smoke what do you think about qsgi, do you think we will be ok?
Asegal 8k filed do you see any positives with that normally you give CCTC a tough time for not filing what do you think?
Hokie this whole thing has me baffled I thought for sure we would have a terrible day here with a qsgi meltdown lol I have had an order in at. 08 all morning and did not put AON on it and have not had one share bought but yet there was some sold at .075??? That's my one post for the day maybe one day I get get out of timeout and post more than once.......by the way Jax do you know if IBM used these same top notch lawyers in the european case they settled on last week?
Not sure if this fully relates to our situation but it looks like IBM is conceding in this case, hopefully this will be the same with QSGI soon.
http://finance.yahoo.com/news/IBM-offers-concession-in-EU-apf-3410757017.html?x=0&.v=4
IBM offers concession in EU antitrust case IBM offers concession in EU antitrust probe into mainframe maintenance, second case closed
Gabriele Steinhauser, AP Business Writer, On Tuesday September 20, 2011, 6:54 am EDT
BRUSSELS (AP) -- U.S. computer maker IBM Corp. on Tuesday offered to make it easier for competitors to provide maintenance services for its mainframe computers, a concession to get European regulators to close an antitrust probe.
The European Commission, the European Union's competition watchdog, opened two investigations into whether IBM was abusing its dominant position in the market for mainframe computers in July 2010. One of the probes focused on the company's profitable maintenance services.
A second investigation, which the Commission closed Tuesday, was examining whether IBM was unfairly tying its mainframe hardware with its operating system.
Mainframes are powerful computers that are used mostly by big companies and governments.
"I commend IBM's readiness to address our concerns about fair competition in the market for large computers which are crucial for the functioning of today's economy," Competition Commissioner Joaquin Almunia said in a statement.
The Commission said it informed IBM in August that its preliminary assessment showed that IBM "may have imposed unreasonable conditions for supplying competing mainframe maintenance service providers."
IBM, according to a notice published in the EU's official journal, said it was offering the concessions to the EU and competitors even though it didn't agree with the Commission's initial assessment of a potential abuse of dominance.
The concessions include a commitment by IBM to make spare parts and technical information more easily available to other mainframe maintainers over the next five years.
In a statement, IBM said it welcomed the decision to close the second investigation and "the proposed resolution of the Commission's investigation of certain IBM mainframe maintenance practices."
The Commission is now asking IBM's competitors and customers to comment on the commitments to decide whether they are sufficient.
Mainframe sales make up a small portion of IBM's revenue, but the company has been making a lot of money selling software and services linked to the hardware it produces.
The closing of the probe into whether IBM was unlawfully tying its mainframe hardware with its operating system will come as a relief to the 100-year-old company. That investigation was triggered by complaints from emulator software vendors T3 and Turbo Hercules, which were later joined by Neon Enterprise Software.
The Commission said Tuesday that it closed that case following an in-depth investigation and that the complaints had been withdrawn.
I have had an order in for an hour and it is not showing up on the bid it is higher than the 9 for 5000 shares. shouldn't it show up on the bid?
Jax I'm sure you feel just as I do IBM most likely wants more time to reach a settlement. GO QSGI
Does anyone know if management can buy shares now since they are out of bankruptcy I know they couldn't while in bankruptcy and would they have to file a form 4? Also this latest downtrend is nothing unexpected you have another date Nov 1 we are waiting on every time they set dates out people sell to try to make money on another play and then come back a few weeks before the day so be patient guy. Anyone talked to HDOG? Where is he lately? Penny I had to look back a while to find one of your post I could have sworn I saw a post from you yesterday I guess the delete button is malfunctioning again.lol good luck guys last and only post of the day.
Bruce this is just like the WWE no difference here, a few different names but basically a soap opera I think most stinky pinks follow the same concept throw out a new story line to see who will believe the story and spend there money buying these worthless shares, I for one was one of those who believed Deans stories the first go round, then I believed Jeffs stories as well......Ive been fooled twice and I think I am starting to see the light in pinky land ....believe no one because the majority of pinks are scams. Good luck to you all I have no choice but to hold now bit I am sure my kids will sell this one day and buy their kids a happy meal with the money. Lol
When the doors closed at Palm Beach-based QSGI .QSGI Latest from The Business Journals QSGI Inc. files Chapter 11 Follow this company .in 2009, executives did not sit and pout. They called the company’s landlord and asked if they could stay in the executive office, launched a new company and eventually laid plans to buy the old company out of bankruptcy.
Now the plan hatched by Chairman and CEO Marc Sherman is bearing fruit.
KruseCom, the new company he and others launched, is merging with the publicly traded QSGI (Pink Sheets: QSGI) and using its name.
Sherman and other executives are building a new clientele in their field, which is refurbishing and reselling corporate computer equipment while providing data security. The company on Aug. 4 launched a new antitrust lawsuit against competitor IBM Global Financing.
The dispute with IBM is over a so-called “six month rule” that IBM instituted in 2007, where IBM declined to give QSGI codes to allow reconfiguring IBM mainframes for resale for six months after installation.
U.S. Bankruptcy Judge Erik Kimball confirmed the bankruptcy plan in May; the new QSGI is set to exit bankruptcy any day, paying $50,000 to unsecured creditors who filed about $20 million in claims.Hank Laws, VP of business development, recalled the tumultuous events of 2009.
“One day, we were 206 employees working for
QSGI, and the next day we were fired,” he said.” Six of us regrouped and started doing the same work.”
Assets in New Jersey were bought by N-1 Technologies, while other assets were purchased by SMS Technologies. Members of the original board, including Geoffrey A. Smith and Robert W. VanHellemont, resigned.
Bear Stearns, Lehman were customers
Part of its problem during the recession, Laws said, was that two major clients – Bear Stearns and Lehman Brothers .Lehman Brothers
Engineering the rebirth of QSGI has not been easy. The SEC had many questions about how KruseCom, and the new QSGI, would disclose financials for the period that the company had not reported.
The new disclosure statement for the bankruptcy plan commits QSGI to getting current with the SEC on all reports.
The statement also carries a warning to former stockholders that the KruseCom merger will dilute the value of their shares. The company entered bankruptcy with 48 million shares.
KruseCom shareholders will add 190 million more shares. According to the statement, people can sue over that, if they so desire.
Faced with pennies on the dollar or the prospect of a new company emerging, the vast majority of the more than 100 creditors voted in favor of the KruseCom plan. Besides the tiny amount of cash, they will also receive stock in the new company.
Support for plan not unanimous
Not everyone supported the plan. American Express Travel Related, which had a claim of $338,998, voted against the Kruse-Com plan.
Bankruptcy attorney Michael Kaufman represented the KruseCom entities and the new QSGI, while Bradley Shraiberg is the original QSGI bankruptcy attorney.
At the time, Shraiberg said the company ran into trouble because of the economy and in defending itself from lawsuits.
“Because of the economy, the value of the inventory significantly declined, which lowered the company’s borrowing base and put it in a cash-strapped position,” Shraiberg said in 2009.
The inventory was mostly new and used parts to maintain computer mainframes. In a 2009 interview, Shraiberg said the unprofitable part of the company, refurbishing and recycling computer equipment, was dragging down the company.
Sherman said QSGI had a bright future before the IBM dispute and the recession.
“I went from developing a business to navigating change,” he said. “I had the opportunity to stop the presses and look around because of the bankruptcy. This had been the biggest challenge of my career.”
The new QSGI also includes companies called Cheap Refurbished Computers and Joe’s Scrap. QSGI has issued news releases claiming to have new clients, but declined to name them.
We definitely are on the short run now Hokie I normally have two stocks run at the same time so qsgi and cctc are both due news right around these next few weeks so if the stars are aligned get ready lol gltya
Does anyone have a subscription to this I just got an alert this morning its dated today in the URL.
http://www.bizjournals.com/mobile/southflorida/print-edition/2011/08/19/qsgi-officials-seek-to-rescue-firm-in.html
I just hope they don't put me on that jury because I have been tearing up just thinking about that large corporate behemoth picking on this small fish just trying to make a dime in these tough times......sniff sniff it really gets to me lol go qsgi hope I don't lose my one post privileges on this one.
Link please.
33% see ya!!
Sil I don't have all your stats, but I do know you are sitting at 50% I only remember 2 calls you have made with specific time lines like this, so if you get this one right you will up your average significantly. I hope you are right, and good luck to you. It does look like some volume coming in right now, not the good kind though.
Last ditch effort their time is almost up.
Did he say 'forward' how does that happen at .0001?
Thats right groove, imagine what 50-100k in volume would do right now, wouldn't take much to put us back above .20
Looks great here.
What do you think about 'Q' think its ready to blow with this recent movement?
Just check the action on the charts previous to the other runs, look at the radical drops just prior to the run, its amazing its legal, but I guess anyone could force an order for any price. We will see upward momentum soon within weeks, scoop your cheapies now.