Replies to post #6371 on Capital Growth Systems, Inc.(fka CGSYQ)

[BoogieBNoodle]

[e-mail] is the controller of the events here.


He isn't forthcoming, to me, the next step in the DD is to investigate the process and the stage the Delaware Court is at with this.

Obviously, we all belive it is a shell, but the operations are still existing and the cash flows are being held in a holding company.

[plmcc]

Right now, it's hard to say what the Bankrupt Admin is going to do. By all appearances, it looks like the stock is going to be retired, but it doesn't yet have to be. So far, he is following the standard procedure for the retirement of a stock during a bankrupt proceeding but that goes for all stocks in this position.

However, it seems to me that it's taking an unusually long time for this to occur, so perhaps there are different plans in play that no one knows about.

So, for my money, I'm waiting to see what happens next . . .