Replies to post #4520 on Capital Growth Systems, Inc.(fka CGSYQ)

[kennypooh]

Yes! It's my understanding Pivotal was an investor (debt holder) in CGSY for quite awhile before it/they decided to file for BK.

Very similar situation to the Promontory7000 BK and subsequent auction of assets (of which a different part of Pivotal was the winning bidder). http://utahpulse.com/featured_article/promontory-emerges-bankruptcy-successful-bidder-affiliate-original-developer

Also understand all other Pivotal investments have been liquidated leaving Promontory and GCSYQ as the only remaining holdings. Need more solid DD on that. It's only relevant IMO in trying to analyze the potential value of owning stock here and when?

You can contact Jerry Pence to confirm this (602-956-7200). http://www.pivotalgroup.com/

[kennypooh]

I still didn't see the re-post of me saying CGSYQ was acquiring, I said they were being acquired by Pivotal pending reg approvals!

Here tis! It was a reply of yours to another poster....prolly why all the confusion...sorry!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63130117

"A R/M typically is when a private company takes over a shell with NO BUSINESS OPERATIONS........in this case CGSY is a multi-million dollar business......not a shell. CGSY is being acquired by a private company...."