Capital Growth Systems, Inc.(fka CGSYQ)

[rbd317]

This is a case of a Liquidating Chapter 11 Plan and I think one of Pivotal's goal is to preserve the tax loss carryforward so that one of its PROFITABLE businesses can utilize this when it R/M. By having DEBENTURES, which when exercised, will provide them with 61.5% ownership (which is enough to R/M given majority control).

I would be foolish to cancel the shares and issue new shares which will lose the tax loss carryforwards benefits under the regulation.

Here's a bit of reading for you where I think this one, if played right by PIVOTAL, can realize the potential benefit of tax loss carryforwards.

GLTA!