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Serendipity47

04/20/15 11:21 AM

#1073 RE: EdTRich #1067

I have no idea what your point is in your post #1068 to HOLTER, who obviously lost money on this scam, it's you who should be doing the investigating of the facts leading to this event. If a law firm takes this case, they will go back to the set up which probably began in 2012 starting with the credit deal with Macquarie bank, and then trace events as they unfolded with Fir Tree and Vertical Bridge along with any relationship that Macquarie has or had with FT & VB.
McGinn coming aboard with a strong reputation being a well known executive in the wireless industry gave more credibility to the value of CIGW and the story as being told relative to the plans of CIGW and reason to invest. There are those, who worked for him in previous companies he was involved with, who followed his career path and invested heavily into CIGW based on his reputation and interviews. This is all speculation until proven as to whether he was aware of the facts while making statements to the contrary leading investors away from what was really taking place.
Any investigation will include everyone from those who did the PR for CIGW, corporate management, board of directors, down to McGinn himself. In a publicly traded stock whether it's OTC, Dow, or Nasdaq, those involved with reporting have a legal responsibility to make investors aware of facts rather than mislead investors on the true value of CIGW. This is a case book of a private finance company using the OTC staging arena and forums such as this message board, all the while knowing the long range plan to acquire a public company for pennies on the dollar.
If it can be proven that this was planned and executed over a period of time then the ones to go after are those individuals who knew what was taking place and were using various means to pump up the stock to the public while knowing the truth.
The amount of research that Vertical Bridge would have to have done to review CIGW's accounting records, tower licenses in all the states where they have tower interests and in addition, the time needed to check out the physical state of the tower locations, would all involve months. Those in CIGW management and any having affiliations would have had to have known and been a part of this transaction going well back to 2014 and before. Yet, as recent as this past 4th quarter, statements made were leading investors away from the truth. The legal challenge is to find out who knew what when and whether or not SEC rules were violated resulting in fraud taking place on investors during these transactions