InvestorsHub Logo
Followers 25
Posts 4748
Boards Moderated 0
Alias Born 04/17/2006

Re: mikeonmicrocaps post# 69424

Monday, 08/24/2015 11:37:17 AM

Monday, August 24, 2015 11:37:17 AM

Post# of 81571
Thank you Mike..Involve's conversion actually helps..

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.