is... Alive and Well, So Far . . . LOL !
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While I can appreciate the sentiment of CGSYQ being compared to a LOTTO ticket, I would respectfully like to remind EVERYONE that since NONE of us even has a CLUE what is in the mind(s) of the new owners, I think speculating about true odds is an interesting but unfortunate waste of time.
We ALL seem to agree that this stock is a very high reward/risk play.
But, until I see some kind of indication as to what the new owners ACTUALLY have planned for this "empty, worthless" shell, I'm going to refrain from quoting odds.
It could wind up leading to innocent but unfortunate misleading statements.
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plmcc
Well Said, Once Again, Foxy !
I'm thinking more like 0.01 to 0.02 pps.
Now, I realize that my thinking MAY turn out to be a bit of wishful thinking. BUT, if George S. is as smart and as savvy as I believe him to be, then I MAY not be too far off.
We shall see . . .
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"Keepin' Da Faith"
plmcc
Ditto!
Can you post a link that will help us understand the basis of your confidence, please? If not, that's fine too. Just askin' . . .
Hi, Scotty me lad !
Nice to see you're back !!!
LOL ! Good Answer !!!
I was thinking the same thing:
WHAT LIES ???
Now, don't get me wrong. I'm fairly certain that there have been a number of what I call "half-truths" floating around for a while, now, but I don't recall any out right lies.
So, by all means, please do elaborate . . .
Oh, and one more thing . . .
"... but when you get into quoting him "simpathetic to the CGSY investors" (those are quotation marks right) you drift into the area of dropping a carefully couched lie. I highly doubt Najafi would spell sympathetic that way either. ..."
If you'll re-read my post, you will see that I said the following, the full following:
"... I believe this based upon Mr Najafi's statement that he was "simpathetic to the CGSY investors" (my paraphrase) ..."
and you will notice the words in parenthesis:
"... (my paraphrase) ..."
What this means is that my statement "simpathetic to the CGSY investors" was a paraphrase of what I remember reading about what he said and as such should not be taken literally. Although you are correct about one thing. I DID misspell "sympathetic".
OOPS ...
My Bad !
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plmcc
So, dear board readers, is it fair to say that the CGSYQ shareholders are currently invested in a "worthless, empty" shell that currently has both feet in the grave but is still sitting upright, on the grave's edge, waiting to see whether it's time to jump in and be covered up forever or time to jump up, sing hallelujah and get on with it's new, seemingly resurrected life?
We shall see . . .
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plmcc
I would like to reply to you, but since I'm trying to reply to a deleted post and, unfortunately, I don't remember the entire content of the post, I'm not sure in what context I wrote the section you refer to.
I can, however, try to find the post that referenced this statement since I believe I read it from either a filling or a reference to a filling regarding the BK.
I will try to keep you posted on my progress.
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plmcc
As you wish . . .
LOL ! But does that tell me why you may not be too keen on ICOA right now?
Wow. That's quite a reversal of position.
So, now, according to you, CGSYQ is NOT doing well and will NEVER be do well for it's investors, is that about right?
Well, you may be right about that.
However, I believe there is a chance that you may be wrong and I'm willing to stick with the BK proceedings and beyond just to find out.
There has already been DD posted that shows a possible interest in the shell after it comes out of BK. While I understand the significance of Mr. Kardatzke's statement, I believe that Mr. Najafi may have other, as yet undisclosed, plans. I believe this based upon Mr Najafi's statement that he was "simpathetic to the CGSY investors" (my paraphrase) and the remaining debentures that he holds.
Could I be wrong? Absolutely !!!
But, what if I'm right?
Well, I've decided to hang around just so I can to find out.
So, we shall see . . .
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plmcc
Buzzie, I take it you're not to keen on ICOA at the moment, is that correct? If so, why?
Personally, I'm holding out for more than a flip. I think George S. is doing his very best to correct what has happened to this company in the last few years. Will he succeed? IMO, no one knows.
But, I'm betting he will. How much can he correct? Once again, IMO, no one knows. Maybe a little, maybe a lot?
I'm willing to stick around long enough to see and even a little longer if that's what it takes.
We shall see . . .
"Keepin' Da Faith"
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plmcc
That's a Big 10-4 there, Gator !
Go CGSYQ !!!
Maybe YES, maybe NO.
NONE of us will know for sure until it happens, either way.
"Keepin' Da Faith"
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plmcc
IMO . . .
George needs to take whatever time he needs in order to get ICOA's situation straightened out. A j/v, merger or buyout isn't going to happen unless the other party or parties are able to properly evaluate ICOA's current status. And updated financials are the very first thing anyone is going to want to look at.
So, I say, with a patient heart, let the man have all the time he needs to get this "situation" done RIGHT.
Who knows, he may only have one real shot at making that "dream j/v, merger or buyout" we are all hoping for actually happen.
"Keepin' Da Faith"
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plmcc
No Prob, Bob !
LOL !!!
H'mm . . .
"Quote:
IMO Najafi is in the same boat we are until the BK court fully releases CGSY in Aug. Your thoughts???
. . . Not exactly...Najafi owns 100% of a GCPivotal LLC, a going private business, and you own a piece of an empty shell with no business whatsoever. Table scraps. . . ."
I think the comment was referring to CGSY and not GCPivotal LLC. Najafi will still control approximately 60 percent of the "empty, worthless" shell once the BK proceedings conclude, right?
And, if so, then he is, indeed, in the same boat currently known as and unofficially titled as "The Empty, Worthless Shell Known As CGSY", just like the rest of us, right?
However, please feel free to correct me if you disagree . . .
And, As Always,
But, Hey, That's Just My Opinion,
plmcc
P.S. I just put in an order for another 300,000 shares of CGSYQ.
I'm quoting from memory, but it seems to me that Najafi "said" that he was interested in the future of the current shareholders of CGSYQ and would like to "do something for them" either during or after "all of the dust has settled" (my paraphrase).
And, since he did not use ALL of his debentures in purchasing the assets of CGSYQ, it seems unlikely that he would just let the remaining value slip right through his fingers.
Then, their is the "empty, worthless" shell that will be presumably left after the completion of the BK proceedings. Wasn't there some kind of sizeable tax loss carry forward value associated with the shell? And, if Najafi wants to "go public" with "his company" or "a company", wouldn't the logical choice for him be his now "empty, worthless" shell since he will already control approximately 60 percent of the shell's stock along with the "empty, worthless" shell being clean as a whistle?
Seems to me that there is more here to think about than just the immediate and narrowly viewed outcome of the BK proceedings.
But, Hey, That's Just My Opinion . . .
plmcc
Tails, Buy Out. "Everybody hold your butt" (Jurassic Park).
It seems the sentiment on this board for CGSYQ has turned increasingly negative of late.
Is this because the previous supporters of this stock have finally been convinced of this stock's imminent demise?
Or, is it just a function of the stock's performance of late?
Or, could it be simply the ratio of "positive" to "negative" posts of late?
Since we are all simply stating our opinions, whether couched as fact or not, I'm curious as to why the increasing negativity.
Any thoughts on this?
I do too !
Go ICOA !!!
I have over a million shares and am planning on adding more if the price goes down even further.
So, you're pretty much willing to accept that CGSYQ is pretty much IDENTICAL to all of the shells you've previously mentioned and, therefore, is pretty much resigned to their same fate, is that right?
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plmcc
Well Said, Foxy !!!
"Keepin' Da Faith"
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plmcc
Rustler . . .
I hear a lot of information coming directly from the 8K filings that seems to clearly indicate that CGSYQ is NOT just a worthless, empty shell, For The Moment. By August, things may have changed . . . or NOT.
So, I'd like to see your links that support your CURRENT belief that CGSYQ is CURRENTLY a worthless, empty shell, please?
Agreed !!!
When this one hits, a LOT of people are gonna be suprised. Except for us, of course.
Yuppers !!!
"Keepin' Da Faith"
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plmcc
I liked it better when you were "quoting" 16 cents per share. What happened ???
LOL !
Damn Good Question !!!
Not Me . . .
I agree . . . Completely !
Great Post (on DJIA) !
I agree. Patience is the key . . . Let George do his job CORRECTLY, regardless of how long it takes.
"Keepin' Da Faith"
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plmcc
VERY Good Post !!!
Lots to think about !
That's correct.
IMO, George needs to have ALL of his financial information ready to go BEFORE he starts divulging ANY specific merger or j/v information.
Without correct and detailed financials, how will a potential merger or j/v candidate properly evaluate the value ICOA brings to the deal?
So . . .
While I wait, patiently, for the last round of fins to come out, I will continue to enjoy reading the posts from the "Investors-Have-Needs" group as well as . . .
"Keepin' Da Faith"
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plmcc