I did read your post, again what platform should discussions be made on regarding management?

Then why not call for Sherman to be replaced by someone else. Maybe someone else can take the idea and make it grow into a business. The only fact that I know over the last two years is that Sherman has not been able to accomplish this?

Maybe the success is being held back by Sherman.

What platform do you think that this should be discussed on? Are you saying that stockholders should not be judges of a company's operations but should rely on management and consultants? If company is not performing, should management not be held accountable?

I love how the same people always say that things are turning around but can never give facts. We hear things like QSGI is running a business and they do not have time to talk to the people that own the company, stockholders.

Facts are WE KNOW NOTHING. I guess our next info and news about the company will be from our favorite news source, the Florida Court System. Gosh, what a way to treat your owners.

I for one don't want to go in to their kitchen to know day by day issues

If the restaurant does not wash hands, refrigerate properly, follow health code, then I do not want to eat there.

This is not directed at you Vish2 but here is my statement.

This is like putting lipstick on a pig, it is still a pig. Until we see numbers and SEC filed reports I do not see anything positive with this company. These fancy dressings just make me wonder is another pump coming? I personally talked to the CEO and seemed like an honest straightforward guy but two years and nothing leads me now to view him in a different light.

Curious about right direction now. Has anyone heard anything from this company in over a year? (except of course from court documents and responses on ebay)

I do not have any skin, watched from original BK filing and never dropped to area I thought would be entry point .13-.15. I have followed for years based on some personal interest.

I do not have a crystal ball, but from my experience do not put any faith that judge or courts are looking out for stockholders. BK cases have become more than a cottage industry for attorney/accounting firms to work both sides of bk. They pose in courts and then next case they are on the same side, lot of posturing. With bonds not being close or over 100 I am afraid that the stockholders do not have a chance since no EC committee.

The long term does not look good at all. If POR acceppted or tweaked I am afraid commons are still going to get the same percentage - cancellation of shares. Again the stock will see some fluctuations up and down you can play the waves as many daytraders will. A rumour or two will be floated to mislead people and stock will pump up maybe .30 or more then again it may not break .20 that is something I can not predict levels at. My opinion is that I would not want to hold stock long term but might play dips as a daytrader. Good luck to all and Kodak was a fine company that represented innovation, class, and ingenuity for a number of long term investors. Sad to see it go.

I know several guys that are laughing right now when you say that Judge Gerber was "instrumental". He is the same bk judge that screwed GM, and he also did a number with Adelphia in bk. Here is the true history of Chemtura. The equity committee drove the fight for stockholders when they were not trying to screw stockholders in the form of two hedgefunds that had tried to take stock. (I will be happy to give the name of one of the EC members who saw the fighting first hand and stood before the illustrious Judge Gerber)

Judge Gerber did not give the shareholders anything. The stock had been trading around $1.35 when the POR was announced. A cash crunch had led Chemtura into bk where the stock traded as low as .02 per share. Balance sheet had patents, plants and processes that were making money during bk. The company used bk to clean its balance sheets and several items where placed on the market for sale with limited actually sale. All liabilities were presented for past sins and the company tried real hard with help of bond holders to claim not enough money but balance sheets said that there was value.

The POR gave stockholders a value of .29. The Stock dropped from $1.30 to .90 when POR announced and a valuation lawsuit began. We argued that company had greater asset worth than what management and creditors claimed. Lawsuit was presented while stock price continued to fall. We had a large hedgefund that had turned down and original offer of over $1.25 and cost all stockholders. In the end valuation fight, judge sided with creditors, we received around .29 per share of new stock for our old shares and warrants for any money left over after liabilities paid, company came out of bk at 14.50 per share, management got 100 mill stock bonus and shares would trade at around 18. per share until a distribution of money back to stockholders of records from overages in liability claims were to be returned to stockholders of record. Made good money but could have made a lot more, and that was a company that had sizable assets to debt ratio.

Kodak does not have that ratio and Kodak does not have an equity comittee.

ps for the recorded I was one of the stockholders of record with the legal valuation fight so I do think I know what I am talking about.

Those items could occur but a couple of things are not in Kodak favor.

1) no equity committee - the courts do not have anyone that is going to fight for the current stockholders.

2) the company has debt and the courts will make sure that creditors, both secured and unsecured, are taken care of before stockholders

3) main asset did not bring as much as hoped for

4) valuation of assets will be presented as VERY conservative and not represent the value that you the stockholder believes to be accurate

5) check bond values on Kodak, they are a good barometer and they are not at or above 100. This means that they are not anticipating being made whole. (they maybe after all is said and done, but that is not the prevailing theme right now)

6) the attorneys for all parties may appear to gnash teeth and fight each other but they are doing a well orchestrated dance that gets them maximum fees and future speaking engagements for all of the firms

7) one area that I would watch is if management will be rewarded for doing such an outstanding job of leading the company through bk. I know this sounds like a joke but routinely management is rewarded by fleecing the common stockholder.

8) The BK courts really do not care about the stockholders



With all of that being said, I am referring to holding stock hoping end result will change. From day trading aspect this stock will be popular. You will see swings up and down and probably an orchestrated pump or two before the final death of the common shares. I could be wrong but these are things that I have seen with Q's and dealing with Chemtura on a valuation lawsuit.

If Mr. Corzine acted not in good faith and is found guilty of that action, he would null and void the insurance policy. The insurance company will pay legal defense but if found guilty they will not pay anything in damages. Stockholder will see ZERO insurance money if Mr. Corzine is guilty. Best example is the OJ Simpson civil trial, Insurance company paid for defense but when OJ found guilty, insurance stopped and OJ was personally responsible.

Could you please post the court filled paperwork proof that says the commons are to remain intact? I have not seen that in any of my DD.

The POR is pretty straightforward on the cancellation as presented and filed with the courts. I have not seen anything filed with courts that disputes the POR.

Or management that takes people's hard earned money with false promises and setup pumpers to proclaim things that are not accurate. Then those same management types state they are for shareholders and turn their back on them with silence. No numbers, nothing. I know in my day management like that got sacked or run out on a rail, but this new type just reform and create a new stock gimick. And there always seems to be someone to vouch for the sincerity of the man and company. Sad state of America I agree.

Must be a stock distribution to the old stockholders of record approaching.


(it is a joke, no further stock distributions)

Must be a stock distribution to the old stockholders of record approaching.


(it is a joke, no further stock distributions)

How long do you recommend waiting for the facts? When was last communication? Why have no financials been filed in years? Why no other conference calls? What about management and turnover last Easter? No one has a clue as to the facts except from court records and tax records, we need to hear from management.

Well over 1 year since that illustrious conference call, information has just be startling how much this company has stated. 9 months since GG guys left and nothing. Financials forthcoming 15 months ago and nothing. Communication with this company has been nothing. And the stock has slid to a weak price of around .01 or less. Boy this is a winner.

The one nice thing is that we have broken the $20.00 barrier finally and have closed above $20.00 for several trading periods. Let's hope we see this continue to rise.

I still have some shares and have sold some shares over the past year.

I missed that in my qtrly report most have overlooked it as I was reading about what the stockholders should expect and what direction the company is pursing. Hmmm anyone know what page it was on or does anyone have their qtrly report as I seem to have misplaced mine.

Not arguing manipulation but manipulation can be from management also. Again, websites not working, no financials in over a year, lawsuits flying while original founders leave, conf. call with only one question, lack of communication from management to stockholders, questions on tax payments, etc.... When will we hear something from this company? That is the clear manipulation.

Maybe the sale was based that you now think something is up with this company as the Gasketguy website is still not working and per your words "If we get beyond Wednesday, I'll then begin to think something is up."

Truthfully, this stock has seen so many - this is it, something is up - moments that I think they have cried wolf, tiger, bobcat, bear that no one really believes in this company. We are quickly coming up on one year since conf. call, over 6 months since gasketguy management shuffle and still nothing from management. Anyone who invests in this company at the current time is a lot braver than I am or has more money than I do to waste. No sales data, No financials, No communications with stockholder - No reason to invest.

I vote my shares to that. Of course DS will tell us a press release will be coming out within the week and AUDITOR is finishing up financials shortly. At least that is what he told me four weeks ago. Maybe I should ask when are we going to have a stockholders meeting.

Gosh, is there another distribution about to occur??? (that is a joke).

Truthfully this stock seems to have a yo-yo effect that it drops into $13-$14 range and then back up to $17-$18 range. Check over the past couple of years and I think that it has done 3 or four times. You can also watch those drops before they had stock distribution or qtrs being reported and then afterward the stock would start to increase again.

Gosh, you mean Hedgefunds are not looking out for the retail investor and shareholder value? Shocked I am. Next thing you will tell me is that some judges in BK cases can be swayed to give management golden bonuses while shareholders get the shaft.

The understatement of the month.

Was hoping with some of the changes we would get more info in a timely manner. Instead seems we see a press release and some positive slants, but then back to the crickets chirping for a month or two.

I hope it is not the books that are being cooked and just the hot chocolate.

Sampson got tied up work and did not see your post till this am. The part that I was referring too was the part that Jax already posted. We will see from GG lawsuit if they could get a loan or not but in my experience in dealing with banks, the people that guarantor a loan are the ones that have the financial ability to indemnify the bank. Can be spun multiple ways and I will admit that, but anyone tied to a bankruptcy is usually considered toxic to lending and insuring institutions for five to seven years. If those people can get a loan, it is usually at a greater rate and requires greater collatoral (and usually easily liquid collatoral). The bank monitor everything from payroll, taxes being paid, and bank account balances. A company that has not stayed current or posted any financial data in how long now... right at a year ...is not going to be offered a loan from a traditional lending institution.

Actually the purchase agreement stated about the financing and the inability to be secured by qsgi.

This company continues to give ZERO information and seems the only way to get any information is from court required paperwork from legal actions involving QSGI.

I know, have to love these people who make statements but never put up any documentation. Almost like everyone has subscribed to the QSGI communication . . . will post that document right after I get those Financials which are shortly to be released.

guys, dont let facts get in the way of false hope and dreams of future pumps. Marc will work his magic and find the next hot commodity to get QSGI back on top. He missed out on buggy whip manufacturing but is real close on a VHS tape recycling program or a parachute pants shop that is going to be all the rave.

Sort of amazing how this stock seemed to fall before planned distributions at $13.50 from the BK and once distribution occured the stock goes back up. Funny I guess.

Or a third option: say nothing and allow constant praise and bash on boards until Sherman can find another "can't miss" business to then drum up more hype. Coming up on 8 months since last actual discussion via one question conference call and 4 months since last press release on some journeyman joining GG.

All I have to say is wonder if all those people that defended that "only" one question conference call now might be thinking a little differently? Sherman sure is trying hard to keep investors informed is all that I will say while tongue is firmly in cheek.

Well at least now management is not tied up with this lawsuit and can work on the financials. I would anticipate that we will start getting that communication we were promised what a year ago? Giving regular updates to us stockholders will be the main benefit of this ruling and getting out of this lawsuit don't you agree?

Does that mean you now agree that IBM has probably only spent $50K on the lawsuit?

Discovery Newtorks satellite uplink is controlled by a tablet. Only 27 channels of television being uploaded and a 24,000 sq ft server farm are controlled by tablet and that includes backup facility. Do not under estimate the use or power of the tablet. Main thing is the market for used equipment not what is the hot tech use. More items are being web based or cloud based which requires server type machines. Is this a market that is purchasing used computers and a market that QSGI is tapping? How do we know as we have heard no direction from management.

I think the argument is not about tablets/vs desktops but when you have nothing from management in what is it 8 months? Where is GG in terms of lawsuit filed against QSGI with some accusations that I would like addressed? This company has had more lawsuits than investors guidance over the past year. The question should be why would anyone invest in this company at the current time? Those of us that are holding shares from higher times I understand but I have no faith to average down as at current time it seems like throwing money into a hole.

Actually our public school system has every child from 4th grade to 12th with Mac Book Airs. No theft issues and has been in place for four years. The mobility and being able to use video of laptop has allowed school system to have major savings and receive national recognition from NY Times, Dept of Education, and Discovery Networks to mention a few. Portablity is a big issue with the educators - students/teachers.

Thanks, Schwab listed shares and money last night. Appreciate the heads up and thanks again to everyone who makes this board work.

I second that, made money, but could have made a LOT more if not for Rog and the Judge.

Or could be that everyone left and no one is there. My point is not to pick a fight, but until we have some hard official financial reports we have no clue if this company is making money or losing money. Over six months since any official statement from QSGI and that was the infamous conf call and now right at 3 months since the whole GG change. We the stockholders need some guidance and not trying to read between the lines if company is this or that. I am very disappointed in Marc and his lack of communication.

Thank you for fixing those items, do you think you could see about the financials from Apr 30, 2011 to the current?

Thank you for this post. And it seems that the long strange road of BK for CEMJQ has come to an end, not with a bang but whimper. I have said before but thanks again to all that have worked, researched, and fought during this process. I will not attempt to begin to name everyone but you know who you are.

With this distribution, Cemjq is dead and now we have CHMT. Now it is up to Capt Rogerson to show he can lead a company into profits for stockholders. Good luck Rog as you have a nice position thanks to bk, contact your Agr division and MAKE IT GROW.