Replies to post #5750 on Capital Growth Systems, Inc.(fka CGSYQ)

[JohnnyRocket]

This is posted above as part of the Press Release of 12/27/2010....

d. Purpose of Transaction. The plan of reorganization as ultimately confirmed by the court may involve extraordinary corporate transactions among the Issuer, PGC and affiliates of PGC, a transfer of substantially all of the assets of the Issuer to PGC or an affiliate of PGC, a change in the composition of the current board of directors of the Issuer, a material change in the capitalization or dividend policy of the Issuer, and/or changes in the corporate organizational documents of the Issuer. It is also anticipated that the Issuer's common stock will cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association and may become eligible for termination of registration under the Securities Exchange Act under Section 12(g)(4) thereof as a result of this transaction or under the plan. Neither PGC nor any of its affiliates, at this time, intend to acquire any additional securities of the Issuer. PGC does not intend to convert any of the debentures or exercise any of the warrants to acquire the Issuer's common stock

I don't know about you, but that was a pretty big Red flag to me when it became public.... Just my opinion...GL