Monday, August 24, 2015 11:37:17 AM
help's Capstone to get the 50.1% majority
before Involve converted their preferred stock there were 654,010,532 share's OS. divided by 2 that's 327,005,266..subtract the insider's 278,129,519 and that leave's 48,875,747 outsider vote's need for a majority.
with the current 721,989,957 OS divided by 2 that's 360,994,979..subtract the insider's 278,129,519 and they need 82,865,460 outsider vote's...Involve's 67,979,425 give's them 346,610,944,leaving 14,886,035 more needed for a majority...Involve could even sell 25,000,0000 and it would still be easier for Capstone insider's to get a majority then it had been.
it looks like FEIT Electric is a private company,with manufacturing facilities in Pico Rivera,CA and China, http://www.feit.com/manufacturing and about 200 employee's..doesn't look like their product line overlap's Capstone's,which is good.
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