Replies to post #4306 on 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!

[Mutz]

Hi Rustler. I am a holder of this stock and have been for some time. I've been trading/investing in Q stocks since 2008 and I never dismiss choice #1 b/c that is always a possible outcome. In most Q stocks, yes, the shares are cancelled and the shareholders get hosed. But there have been some that have come out of BK with shares intact which have made people lots of money (me included). These Q stocks are definitely high risk, no doubt about that but I feel its worth the gamble. Time will tell the tale. GL.

[kennypooh]

Post of the day IMO!

If we don't get by number 1, the other 2 are a waste of time discussing.

[ensign7000]

State of Deleware BK court will be overseeing CGSYQ thru August 8 2011, which is enough time to make some cash bank here.

Najafi cannot shut down CGSYQ before August 8 2011, by then CGSYQ will have hit a high of 20+ cents and all profits will have been taken.

It's just a game...

No one cares about the details.

Most just in and out same day, taking profits on just spikes (news and 8k's) alone.

It's just a game, don't worry about it.

I've made and lost so much I've lost track.

Time to get serious here though, there's serious money to be made here.