Capstone Companies Inc (CAPC)

[flptrnkng]

Nah, I still say it's Involve, slowly burning off their stash

without inside knowledge.

I believe they converted to common to dump the shares, having given up on whatever investment thesis that caused them to plunk down $700K.

Now, 67M is a lot of shares to dump on a thinly traded penny stock like CAPC. Can't dump them all at once.

They'll take what they can get, from time to time, as the bids backfill (stupid retail, paying upwards of 2 cents per share, when they can get it from Involve LLC for around a penny, with patience).

It would be nice to know how many shares they have left.

One thing to pay attention to: how will CAPC close their current accounts deficit? (that's how Involve LLC got involved in the first place - their $700K investment wiped out a similar deficit amount in current accounts way back when).

One thought is Wallach et al will just take another huge chunk of shares, when the time is right, possibly giving them absolute majority vote.

Then maybe they eventually take it private, down the road.

Caveat Emptor!