The debate here is about several prospects for CGSYQ shares. The most popular seems to be number 3, so any 8k input on profitability is very relevant IMO
Prospects:
1) The shares are canceled and CGSYQ ceases to exist.
2) The shell is sold to an outside entity (unknown potential, share structure and value at this time).
3) The shell is used by Pivotal (or a portion of itself) to become a public company (unknown potential, share structure and value at this time).
Your cash figure is off by the way...3/31 = $2,056,996
March interest expense was $1,470,000. We assume most, if not all, goes to Najafi at this point.
I see that as kinda relevant....if one wants to analyzing what the prospects are for him RMing GC Pivotal back into the old shell (and at what likely future date).
Just thinking out loud!
