Capital Growth Systems, Inc.(fka CGSYQ)

[kennypooh]

CGSY is being acquired by a private company.....

Sorry hedge but CGSY is not acquiring anyone or anything??
It's a bankrupt, out of business, no asset company with a Q stock ticker!

The private Pivotal CG is only buying the 'assets' of the old public CGSY under the terms of their bid and Asset Purchase Agreement (APA) approved by the BK court. See SEC filings.

The new company (private Pivotal CG) could possibly, at a later date, in a completely separate transaction, buy the empty CGSYQ shell from it's shareholders and thereby go public..that would be a R/A. They could also 'combine' with the empty shell through a R/M. Both are pure speculation at this point.

Current shareholders will never participate in any profits or increased asset values of the Private Pivotal CG unless 'possibly' through some combination with CGSYQ at a later date IMO.

CGSY is kaput!