Replies to post #3589 on Capital Growth Systems, Inc.(fka CGSYQ)

[rsr2004us]

Great find, even though it's an older PR it clearly demonstrates that management has a restructuring plan to eliminate debt and keep value for shareholders. Looks like they are on their way to successfully implementing the plan with the debt elmination complete.

[ensign7000]

Thanks for posting this direct Global Capacity link.

You know, all I we have to do is call Captstone [phone] and see if this July 2010 statement still stands as follows.

The Company also plans to eliminate as much of its existing debt as possible, equitizing the balance sheet, and reducing the monthly cash drain required for
debt service.Through this process, the Company will seek to maximize value
for its creditors and shareholders, with a goal of achieving some form of
continuing participation for existing shareholders.The Company has retained Capstone Investments as its financial advisor to manage this process. Questions regarding this process may be directed to Capstone at [phone]

July 2010 Global Capacity

[plmcc]

That's outstanding news. Great Find !!!