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We'd be wise to remember that CYSG being found in violation would put any of Tom's companies in jeopardy... he won't risk that.
I agree. There's too much going for Cape to just throw away... but it is yet to be seen just how that affects us.
This literally just became an 'all-or-nothing' play, and Toms has 9 more days to make a case... for the moment I'm reserving judgement.
Personally, I'd be surprised if anything was released on a friday... but, I'll also be surprised if we don't see something next week; since if they are going to release any year-end numbers/announcements, that is one likely timeframe to do it.
I don't blame anybody for expecting more of the same, and playing it that way... but at this stage it would be imprudent to at least consider a significant turnaround (why else would anyone be playing with the pinksheets?). This one has some legs, based on the reputation of the company itself, the overall financial situation, and the players involved... in my opinion, of course.
By all accounts, A/S is still 4B... so something else is happening. Not all orchestrated transactions are dilution.
You obviously think enough of yourself to make up for our indifference... But you're welcome to your opinion, it's simply wrong (in the opinion of those here who have dug deeper than the surface).
Cape is undergoing a transition, which did have its downside on the front end but has too much potential upside to not see it through. Noone was forced to buy this stock, if you're here, you're here of your own volition... and if anyone is dissatisfied, they're welcome to cut and sell. Just throwing a tantrum certainly doesn't garner any respect.
Couple more days left in Cape's FY. Very interested to see what develops...
Absolutely true.
It's very likely that any M&A would be done in conjunction with actions to address the share structure, so comparing present day pps to future possibilities is impossible to correlate accurately...
Based on the potential revenues of their heretofore unpublished subsidiaries compared to the incredible number of customers they have aquired, and the cost of their services. The information is out there (and has been posted on this board in the past year).
It would actually be harder to believe that number could be much less, when realistically considering their clients.
That primarily depends on what happens with the share structure.
My own speculation is that Cape's actual, combined revenue is somewhere in the neighborhood of 180-200M... Figure that in with an aggressive P/E ratio (depending on how potential, forthcoming statements are received), and a significant reduction in the bloated share structure; I personally think CYSG could be trading for a quarter by this time next year... granted, alot has to happen. And, at the moment that is entirely up to what filings are made, when they are made, and how well the company communicates their intentions.
All of those things do require a significant turnaround from the current situation, and in my opinion that is more likely than not... based on my impressions of what my DD, and the DD shared by others here is building up to. They are not 'holding out' on us at present for any other reason than those their prior obligations dictated, given the predatory nature of the financing they have been relieving themselves of.
All IMO, of course.
Pinksheets are simply not for the faint-hearted.
The mid-October timeline makes alot of sense if financial statements were updated to include Q4. I guess since we've waited this long... getting all of 2010 on the books the first time won't kill us.
Depends on the MM. There's no rule, just the limitation of how many digits their system can handle, or personal preference.
Based on Mr. Janes history and expertise... why do you believe he is on the board, if not to facilitate a M&A... especially during a time when an M&A was already a potential outcome?
Yet, you keep saying an R/S is imminent based on Tom's history. When has he ever done one?
The current state of the pps and share-structure was predictable based on several years worth of filings, and has been out of Tom's control until those obligations were satisfied (more specifically, have been at the mercy of certain corrupt, predatory lenders). This is a complex situation and you're missing the forest for the trees, in my opinion... or perhaps have some ulterior motive.
Based on....?
Repetition doesn't make truth.
If the AS has been increased above 4B, I'll be the first to admit you're right about further dilution.
So it appears... though all evidence is that the notes are indeed expired. It certainly is taking longer than expected to clear out the transactions between MMs with the converted shares, for some reason. But, I'll stick by my conclusion from the other day, regarding the MMs creating the appearance of dilution for their own purposes... I may be wrong, and will be the first to admit it if this turns out to be further dilution.
The SS would have to be greater than 4B for yesterday to have been further dilution, that's all I know.
Has there been any specific reason given for the continued delay in releasing news? I have been assuming it is the general complexity of the situation driving the timeline, since the CDs are all reportedly converted or expired. It stands to reason this could happen any day... barring another, unforseen roadblock. Thoughts?
The question is indeed no longer 'if'... but 'when'.
Go CYSG!
Merger perhaps... or an aquisition of-or-by Cape. The BOD is loaded with renowned M&A players. Defenitly not the type to waste their time or reputation on a scam.
Mr. Janes' presence is an obvious hint to the direction Cape is headed.
I'm certainly ready for Toms to finish getting his ducks in a row... this has been quite a journey.
One more month this FY... Home stretch IMO.
That's my take on it anyways, pure bluff.
Exactly... all but one of the 9M blocks was cancelled, somebody was just trying to make it look like a dump was imminent.
Riiiiight...
A 9mil block and a 6mil block do not dilution make. If this was a dump truck unloading a few hundred mil I'd call it what it was... but today just looks like somebody trying to make it look like something it's not.
...that would certainly be disheartening. I'll be very surprised if DOMS unloads a few hundred million on us again, since I don't think they have any more. If they do though, that means there were convertibles issued within the last 3 years, expiring now, which were not in any filings. An indication of that would admittedly make me reevaluate my expectations of this stock's timeline... but not the eventual outcome.
Personally, I expect volume from short-covering in the next few weeks... That seems to be the cycle, so we'll see bidwhacking until the MMs get their shares (ie, return of the 2-cent EOD sell to keep pps black)
Yes there has been dilution. A/S is approximately 4bil, O/S is nearly maxxed (based on estimates), was 2.7bil earlier this year. The dilution resulted from converting notes issued to cover toxic financing 3-8 years ago, which matured this year.
The transfer agent is: Continental Stock Transfer & Trust Company
17 Battery Place , 8th Floor, New York , NY , 10004
Phone (212) 509-4000
I would definetly recommend reading back through the ibox and this forum, especially posts made by Me2 and seeclear... those will point you in the right direction towards doing your own DD. Also, as has been noted, we are expecting communication from the company leading up to, and after the end of the FY (Sept 30), which will have a significant and positive effect on the pps.
I'm with ya... the potential is apparent. Alot of folks will end up chasing this stock, in the near future I believe.
...just biding my time.
I think we are still under 4B, but that's based on rough numbers gleaned along the way... so a shot in the dark, as far as the share structure is concerned. Over a month ago I estimated that there was 'room' for another 180-270M dump before maxing.
Either way, it's very close to maxed. But, in my opinion, Toms was smart enough to provide for exactly the number of shares which would be needed to convert all outstanding notes without having to dilute more than necessary.
That's just how I see it.
Same here...
Also, it should be nearly through, unless NIR had more than one set of convertibles.
Considering that the convertible notes held by NIR expire this month... some more DOMS action was rather expected. We're not in the clear until those are done.
Heading back to .0001/2 is frustrating, but apparently a necessary evil, looking at the bigger picture.
I, too, doubt we'll see much this month... I have high hopes for September though.
This is just speculation, but don't they outsource their handheld units from the mobile phone industry (Motorola) and apply their software? If so, that is one of their highest volume products... and there are recent reports of supply issues from Motorola and a few other suppliers on the retail side, at least.
Last week was retail, not dilution.
It's a waiting game... but until the company makes things clear, this is going to sit and churn in the low trips.
On the surface, it's not obvious how much potential there really is here, so those with little patience or who have done little research got frustrated and didn't stuck around... even the 'bashers' here know this is going somewhere positive, otherwise they'd have cut their losses long ago too. Some have simply found a way to profit from manipulating frustration.
Nope, it's down apparently.
That's because subsidiaries pay their own taxes. Reporting them at part of a collective is optional unless it's an SEC filing.
The difference would be that the audited financials will likely be a consolidated financial statement... they were not required to list subsidiaries, because they have not specified that these unaudited financials are nothing more than a separate financial statement for Cape Systems Group Inc. I believe what we got today is merely an unaudited portion of the full consolidated statement which is yet to be filed.
That is just my speculation.
Exactly what I thought when I saw that large increase in cash over last year...
:)
True... but there were no actual revelations in that 9-month unaudited statement.
I expect it will be the value basis for aquisition of the company, though, so it can be bought inexpensively. Only then do we get to see the full picture...
IMO
Indeed... next week ought to be interesting. I don't expect anything groundbreaking for a couple weeks at least, but we're moving in the right direction!
I'll get truly excited when we hear directly from Cape, officially.
Most likely that's Mr. Ribotsky...