Sunday, August 23, 2015 10:02:55 PM
the latest DEF14-C https://www.sec.gov/Archives/edgar/data/814926/000093980215000038/schedule14c060415.htm state's they own 42.5%,but they were either too lazy,or chose not,to do the math.
Stewart Wallach,CEO. 147,618,822
Jeff Postal,Director .... 128,381,748
Jeff Guzy,Director ............. 832,000
Larry Sloven, Director ...... 792,000
Gerry McClinton, CFO, ..... 504,949
____________________________________________________________
TOTAL INSIDER SHARES: 278,129,519 or 38.523% of current 721,989,957 share's Outstanding as of June 30,2015
here are some link's for Going Private protocol's
http://www.sec.gov/answers/gopriv.htm
http://www.egsllp.com/GoingPrivatePresentation-FINAL.pdf
http://openscholarship.wustl.edu/cgi/viewcontent.cgi?article=2437&context=law_lawreview
Capstone Companie's,i believe,is incorporated in Florida,not Delaware,so there may be some difference's to some of the information in the above links.
during their latest proxy meeting they gathered 384,153,928 votes,or 53.2% of the outstanding.
That's 106,024,409 more then their own stock,so they must have gotten Involve's 67,979,425 and another 38,044,984 to vote with them (... the Fisher's might still own about 18,000,000 shares)
to go private it looks like they would have to make a satisfactory offer for the 443,860,438 share's the insider's don't own,an offer of 2 cent's a share would be a total of $8,877,208.76
Most shareholder's,imo,would reject a 2 cent's per share offer.
just my opinion,but I don't see where management would currently want to go private,Stewart Wallach has stated in the past that it is one of his goal's to get the stock uplisted to the NASDAQ..the companie's option's for raising capital are probably much better as a public company.
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