since this 'deal' involves 'one existing' entity
I would be surprised if it was Sky. IIRC, the doc referenced "certain accredited investors". IIUC, this refers to individuals. See 1st paragraph of the 8-K "Item 1.01 Entry into a Material Definitive Agreement"
I don't have any real thoughts about this. Since the BOD has adopted the poison pill there's not likely to be any interest from more-financially-able entities in getting deeper into Capstones shares.
The "full ratcheting" anti-dilution provisions, along with the "cashless conversion" provision makes me think these are typical low-grade finance houses such as I've seen on other shaky stocks in their death throes.
Probably based in the Bahamas or some such place.
These shares are likely to be dumped ASAP, and may have already been shorted against, which is a typical M.O. of these financiers if they are of the ilk I believe them to be.
Nothing good for retailers will come out of these folks.
Anything good for retailers will have to come from $CPST and we've seen how much they care for anything other than feeding their faces.
Recall D.J's comment in the past about needing institutional investors and, IMO, was denigrating the fact that retail held the majority of the shares.
This stock is, for the time being IMO, only a trading vehicle and a risky one at that.
MHO, in partial or total ignorance,
Bill
AI
