Replies to post #5684 on Capital Growth Systems, Inc.(fka CGSYQ)

[kennypooh]

plmcc...The previous sticky regarding the NOLs was misleading information. Read the highlighted section below from the company filings and you will see that the value of them was likely exaggerated here for fluff. If we can find an accountant that has actually studied the company's books and will post on the board about the NOL's and their value...then we should sticky his posts. JMHO

NOTE 12. Income Taxes.

The Company has Federal net operating loss (NOL) carry forwards of $68.5 million in the United States (U.S.) and foreign (U.K.) NOL carry forwards of $10.0 million at September 30, 2010 and December 31, 2009. The Federal NOL and credit carry forwards have been reduced to reflect approximate annual limitations under Internal Revenue Code Sections 382 and 383 as a result of the various subsidiary stock acquisitions in prior years. It is likely subsequent equity changes have since occurred to further limit the utilization of these NOLs and credit carry forwards.

http://www.sec.gov/Archives/edgar/data/1116694/000119312510260424/d10q.htm

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63060644

Ensign's post should have never been a sticky IMO.