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Re: FKA Booger post# 26481

Wednesday, 05/19/2010 12:01:56 PM

Wednesday, May 19, 2010 12:01:56 PM

Post# of 42706
Is there a lack of transparency in the way Toms is manipulating the stock of Cape Systems, Yes. There is no doubt about that.

But a scam? No. The company is viable, there's no doubt about that either. Cape isn't just a shell for Toms to dump debt and bleed investors.

Basically, the way this company was issuing convertibles to cover debt before and early in Toms 'reign' was mind boggling. Now it's time to pay the piper and convert the shares, and the only way Cape could do this, and not take a bloodbath, is to keep the share price low and dilute until after they were covered. The silence allowed them to do that, and now we are waiting for Cape's next move.
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