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seeclear

08/25/10 8:43 PM

#31030 RE: Tenacious #31029

'Tenacious'

If I'm mistaken about the status of CYSG debt, please correct me.. Thanks.

Allow me.. Simple.. once convertibles are issued they can be a bit tricky to deactivate ..especially if the holder plays games...end of story...SC
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FKA Booger

08/25/10 8:45 PM

#31031 RE: Tenacious #31029

You are aware that ALL publicly traded companies do this aren`t you?
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Rich

08/25/10 8:52 PM

#31032 RE: Tenacious #31029

CYSG states....

CAPE Systems Group, Inc. reported revenues of $1,209,863 and $2,421,056 for the three and nine month periods ended June 30, 2010, respectively, compared to $0.5 million and $1.7 million for the three and nine month periods ended June 30, 2009, respectively; representing increases of 142% and 41% over the prior year.

Doesn't look like too much debt is there. No need for more CDs, imo.