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Only to warn the poor souls who are thinking about giving Nic Toms their hard earned money. It's clear now what his thoughts are about common shareholders.
Too late, we've already seen and there's nothing good about it, unless losing money is good.
It's hard to think of a CEO that has done more damage to shareholders than Toms in the last 5 years.
Between the CYSG disaster and now this collapse from dilution with DPSI, he's headed straight to the crook hall of fame.
Looking really good. Maybe Toms can get this below .01 before 2014.
Renee Wednesday, September 11, 2013 9:41:50 AM
Re: GonzoTrader post# 41846 Post # of 42110
Regretably, Gonzo, I haven't read all of the current info on Cape, other than being aware of the company's asset sale.
I do know that Cape transformed to a private company once the CSYG stock registration was revoked.
Shareholders' only recourse was to sue the company so that any asset sale might have been assigned (in part) by the Court to CYSG shareholders. Shareholders in part or as a whole could still get an urgent injunction to put Cape's asset sale or the proceeds of the sale on HOLD until a Court can hear shareholder arguments.
Unless CEO Toms covenants by public notice to assign some of the asset sale proceeds to CYSG shareholders I would personally get to a Court in Cape's domain jurisdiction and ask for that injunction.
Convey that to Toms.
Read Renee's post about filing an injunction to stop the transaction. If you don't choose to dissent and fight them in court over the fair value, once that transaction goes through your cash is gone.
As it's set up now, none of the asset proceeds will go to shareholders. Big shock.
Exactly, so IF you follow all the instructions, including sending the certificates, then they get to decide on fair market value and if you balk, you get the honor of taking them to court.
They know the % of bagholders willing to go through all of that is low, so you're encouraged to sit and wait. And then the retail shareholders will be reverse split into oblivion and get $0. All of this simply means more money for the crooks, eventually.
Penny scam 101.
Bingo. They hope you don't dissent, that's why they've made it as difficult as possible with lots of legal outs.
Then when you hold, they'll reverse split your common shares into oblivion. Voila, you get to hold the bag again.
Translation, "when we're finished reverse splitting this, you'll own about 2 shares."
Enjoy.
Are you 99.9% sure?
A better idea would be to follow Renee's advice and have an injunction filed to stop the transaction, with hopes of forcing proceeds to be distributed to shareholders.
Renee is the only poster on this board that understands what's really happening.
The great scam finally unveiled. Can't believe anyone thought these jokers give a flip about shareholders.
Wait til you see the fair value offer.
We're not talking about a listed stock. We're talking about a de-listed stock that doesn't have to be re-listed ever.
Yes, I have a question. What happens when they don't relist, as it clearly says in the PR is the real possibility?
Sadly, you left something out...the get out of jail free card.
What a screw job.
There is no assurance that the Company will be able to (a) locate a suitable target entity for an acquisition, (b) negotiate and enter into an agreement on acceptable terms to purchase an operating company or consummate any such acquisition and (c) complete the process to become a public company or, if the Company becomes a public company, that it will be able to satisfy the listing requirements of a securities exchange. Additionally, pursuant to the definitive documents underlying the Transaction, the Company agreed to maintain a minimum net worth for a period of time after the closing of the Transaction and the Company may be required to use a portion of the proceeds from the Transaction to satisfy this requirement.
Wait, I thought CYSG was going to be the first to be re-listed???
How shocking.
Then it could be a while, Toms is busy diluting DPSI into oblivion.
Was that pacific time or a different Monday?
90-120 days...he should have just said "eternity". Good luck with that.
That's a good guess, look at the recent private placement of shares and the odd volume pattern last week for DPSI.
If you think this can't get worse, watch what happens if they merge with DPSI.
You should be more concerned that you had "all that" volume and the price dropped. You know what that means, right?
Since this was another failed timeline fed to you by Mr. Blocker, do you consider that lying or incompetence?
You mean 30-60 days?
What time is that PR tomorrow? Will this one contain truth or just lies like the last one?
So much for that theory. Looks like rats scurrying off the titanic. They can't dump their shares fast enough.
Heavily in debt and still operating at a loss. Does anyone really believe the private placement wasn't to raise $ to keep the lights on?
And then he further diluted by privately placing 2MM+ shares last week.
Dilution king.
Don't worry, something big is happening on the 15th. Oh wait.
Enjoy that dilution.
That's funny, since nothing has changed since and before this stock was REVOKED. Lies upon lies, do we need to revisit Seeclear's proclamations on this board about what Saint Nic was telling him? All of it false and proved to be lies.
Your money is gone, time to accept it.
Ooohh, we can't wait.
Now tell us why anyone should trust anything in a PR when they've obviously lied in previous PR's (and have since removed them from their website).
Congrats....what a joke.
Awesome...do they have a video explaining how they plan to get the PPS above $1 and get to NASDAQ without another reverse split?
$0.49...what a wonderful performance.
$0.55...looks like a fire sale.
Should be another reverse split soon, it's the only way to get above $1.
$0.72...what a surprise.
YES!! Only 3-4 more weeks til a PR!!
And we know from past PR's that anything they put in a PR is gospel, wait..what?