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This "dump" is laughable. I dont know if there will be news monday, but there is relatively no volume into this "dump" and its obvious on L2, that no one wants to sell shares, they are attempting to walk it down with small blocks, and any time the ask gets hit they pull back the shares and knock it down with a bid whack. Just watch L2 for about an hour and you will see that this is a fabricated run down with no fundamentals. Im not saying there will be a pr or this is going to rocket, but this is definately no dump.
Why do you think NITE is on the bid for 1 million shares? Do you think there is a 1 million share order so someone can buy into dilution? Youre an idiot, and youve always been idiot.
You also havent told me why you think this will plummet. Because the MMs arent running it? Why would they, they have soaked up over 2 million shares today under .003. Wonder why they are buying? Why not just let it fade to nothing? They are praying on the impatience of people, and they are gathering up those shares for a reason.
You could say that about every Q stock that wen up 1000% in a day, couldnt you? VRMLQ, didnt even trade 100000 shares the day before it when up thousands of percents. But ive seen Q stocks fly like the sky was the limit with impending news, only to plummet back to nothing because there was never any news to begin with. I traded them, I knew they were worthless. This one has a very unique situation, and it is worth a couple grand for me to leave in this one. There is guaranteed to be an 8K out before the end of the month, that has spiked the price every month. There is also a very high possibility that at the very least the BK proceedings will be updated this month too. If there is even a hint of positive news there, this will also spike quickly. There is at worst short-term upside, im sure you can even see that.
Why do you think the share price will collapse? ive shared my reasoninng for it to increase, tell me why you think it will decline?
We dont care about CGSYQ, they dont even exist anymore. Havent you been paying attention? Most of us here feel Pivotal has plans for the shell of CGSYQ that will remain after CGSYQ exits bankruptcy. Nobody believes CGSYQ will ever be anything ever again. We think Pivotal hasplans for the shell and share structure, that is why they aquired the opportunity to get commons after BK is over.
I have a little under 1.2 million here, but at .0021 so im willing to lose it all for the chance to score huge, thats one reason im not too nervous, ive already prepared myself for a lose if it happens
Dont feel too bad, I purchased 500 oz of silver bullion yesterday at $37.22, and it is getting hammered today too.
Why though? It dosent matter what it goes to or is at now. All that matters is if you have read the filings and believe the commons will stay intact, then this will rocket when that information is released. If you dont think the commons will stay intact, then you shouldnt buy. Day to day pricing dosent matter.
With no news there will be no volume, but it is encouraging to see how many shares are wanted at the .0022 to .0025 range vs how many shares are on the ask.
There are more shares on the bid between .0022 and .0025 then there are shares on the ask all the way out. Id say the ask is thin.
We dont, that is what we are speculating on. I think Pivotal stands to gain alot of money if they do stay intact, and I believe that is why they structured the deal the way they did, so therefore I am betting that they stay intact, Pivotal makes money off their commons, and I make money off of mine.
What new management? CGSYQ is going to be an empty shell, right? What was said was this:
The securities held by Pivotal Global Capacity, LLC consist of debentures immediately convertible into 195,454,028 shares of the Issuer’s common stock, $0.0001 par value, and warrants immediately exercisable to acquire 73,765,625 shares of the of the Issuer’s common stock, $0.0001 par value.
There has been no pump swings, this only trades on news. Last 8K was a rally, previous 8K was a rally. But it sure looks to me like Pivotal will stand to make alot of money if the commons of CGSYQ stay intact.
2.6 million shares on the bid at .0025 or above. Looks good to me.
If you think it is going to tank, getting out now is the best idea, right? Ive been here for a long time, I also have real money in this, but not more then I can afford to lose, what about you? If you have over extended yourself on this, cut back to a reasonable amount. I feel the risk vs reward in heavily in favor of me at this price level, and fs im wrong, then I lose my money and go to the next one. The goal is to make more then you lose over time, right?
Here is you chance to get out then, drop your alleged 2 million plus shares off on the bid while there is a buyer for them and move on.
If you are watching level 2, once they see there is sellers at .0027, another MM moves up to place a bid there also. They are just fishing for shares on a low volume day.
At the tim eof that post, NITE was on the bid for 2 million, ETMM was on for 300K, and PERT was on for 200K at .0025. Whay do you think they are buying the shares? It seems like alot of interest at that level, which leads me to believe that this is going higher.
There is over 2.5 million shares wanted on the bid. Seems like a good sign to me.
Im outta here for tonight, kennypoop I await your response, please dont use outdated filings anymore either.
I can pretty much guarantee he is going to come back with some extremely outdated CGSYQ filing, bringing up more irrelevant, outdated info.
Kenneth, DOES PIVOTAL STAND TO GAIN ANYTHING FINANCIALLY IF THE COMMON SHARES OF CGSYQ REMAIN INTACT? would it be in the best interest of pivotal financially if the commons stayed intact? Just answer that honestly, and then we can proceed with the discussion.
kennypooh, do you think Pivotal has anything to gain by the commons of CGSYQ staying intact?
I do love craps as well.
You never answered my question, do you think Pivotal has anything to gain by the commons of CGSYQ staying intact?
They didnt have to, they chose to, and for a reason.
why do you think I put purchased into quotes. im trying to explain it to a guy who has no clue whats going on. do you ackowledge the fact that pivotal at least has an interest in the common shares staying intact? that infact if the commons stay intact, they stand to make money? Also, why do you think they used the phrase "at this time." Why not just say that they dont intend on doing it? Do you think they are going to say, yeah, here is what we are planning on doing.
You read and follow the greatest, but you dont even understand whats going on. Do you think the "greatest" investors just threw money into something they didnt understand, or have any knowledge of, and hoped to come out of it with a profit, asking normal people questions on an ihub kessage board. You might as well go to a craps table, there have been alot of "greats" there as well.
I use the word purchase for lack of a better term, maybe aquired would be better. This is from Hedge Fun, and can be found in the filings which im sure you already know:
The securities held by Pivotal Global Capacity, LLC consist of debentures immediately convertible into 195,454,028 shares of the Issuer’s common stock, $0.0001 par value, and warrants immediately exercisable to acquire 73,765,625 shares of the of the Issuer’s common stock, $0.0001 par value.
Why waste their time with this if they were planning on canceling the shares, or thought the shares would be canceled.
I highly doubt there will be any freeze on the shares, and if there is, I dont care as long as things turn out the way I think. Im going to go back to my original thought on your posts, you claim to have shoved over $11000 into this, and you dont really appear to have a solid grasp of what is going on, or what you may end up losing. You claim to have inherited a large quantity of money, but seem awfully worried about your funds being tied up for four days. Maybe you should take the rest of the night and read the filings, and if you are worried about a "freeze," maybe you shuould reconsider your position. Also, arent you the one who posted the alleged "email response" from the compnay a few days ago. Im not sure what your motive is here, or what you are doing, but it all seems odd to me. Your alias was created only a few days ago, and it seems that every few posts or so, you are attempting to create doubt in people, but you act like you really dont know what is going on. Read the filings, past informative posts, and any other info you can and decide what you are going to do.
I was in a penny awhile back that reverse split, but I dont think it took that long to clear. I have some Citi Bank & AIG, and that didnt take 4 days
I doubt something like that would happen here, but you never know
I dont know, in the past, the few examples that there are of something like this happening, the stock blew past .10 like it was nothing. I think we all stand to make alot of money here, and the risk seems minimal to me. If what i think happens happens, this will move so fast, no one will be able to get in at a decent price, especially price levels like these now. Thats why ive been buying for about 5 weeks.
Ill try to explain it to you. CGSYQ is worthless. They do nothing now. That complany is gone. What we have left is more less an empty shell of a compnay with a decent share structure. What many of us feel is going to happen is Pivotal, the company that bought all of CGSYQ's value during the bankruptcy is going to move themselves, a portion of themselves, a client of theirs, or another private company into the empty shell of CGSYQ using the current share structure, and this will then allow the previously private company to be traded publicly in the stock market. The process of taking a private company public is usually very time consuming and expensive through an IPO, but relativly quick and cheap moving into an empty shell. Then all of us who hold CGSYQ shares will be shareholders in the compnay that was moved into the empty shell, and the newly public compnay will have a much, much higher value then what the shares are currently trading at. The thing here is Pivotal, the compnay that purchased all of CGSYQ's assets, etc, could have done that without "buying" common shares of CGSYQ. So what some of us here feel is they "purchased" the common shares because they are expecting a high rate of return on them. If they cancel the shares, Pivotal will have "purchased" the commons for no reason, therefore wasting money.
Thats right, they could have purchased CGSYQ's assets with out worrying about purchasing the common shares, so why did they bother? I think it is because they have plans for the common shares, and I believe those plans will make them a profit, which will inturn make me a profit, which is good.
kennypooh, maybe im not understanding correctly, what is the value of an empty shell with no share structure? arent empty shells purchased to move a private company into that share structure and therefore taking it public, rather then doing an IPO, which is very expensive and time consuming? if pivotal cancels the share structure, then the empty shell has no value, therefore costing Pivotal alot of money for the shares they purchased that they are going to cancel according to you.
No it wasent from yesterday, it has been said before. Why would anyone buy the shell with out any shares to go along with it? So unless they cancel the shares, which would cost them money, the commons will have value at some point and time, right?
That was not just said yesterday, but in previous emails as well. At least answer me this questions. Why on earth would Pivotal structure the deal the way the did by where canceling the commons of CGSYQ would ultimately cost them a bunch of money?
Look, people want shares. No one wants to hit the ask. This will go on news. Watch the bid dance around, you know that shares are wanted. We have 21 days until the 31st. i can wait that long, becuase todays action dosent matter until the news hots. I comment on the action because I think it might be a sign of things to come. There is interest here, anyone watching level 2 can see that. People/MMs want shares, they just dont want to push the price up to get them. I would be very worried if I wasent watching L2. There is constant manuvering for position, and attempts to soak up cheap shares.
If the .0037's fall this should run with little resistance, even without news