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someone hit him with 360k then another 525k, still showing 750k bid support. size hasn't changed.
Wow. 5 MM's at 12 and 13 bid support. Ask is very thin.
Competition at the bid should prompt more hits at the ask.
FBEC on fire today. 0013x0014 Resistance broken, ask thinned out. Huge bid support. Could be multiple day runner.
Even though it didn't pan out, there were still opportunities to make money. It seemed like Anderson made a legit attempt to do something right, but he couldn't get it done.
I moved my money to CAPC. It's in a bit of a short term down trend, but it will go back up. Financials look amazing for a penny stock. OTCQB, audited financials. No dilution.
.033x.0371
654 mil OS, insiders hold a huge chunk of it (+40%)
paying off debt, all time high revenue
The Artemis website was created yesterday!
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It's 1.2 billion per 10-q
That's the most frustrating part. He obviously new signifi wasn't happening for quite some time now. Yet never revealed that. He just acts like it never happened.
I should just let it go and move on but I've spent so much time with this stock, I can't help reading the board.
The previous 10-q listed signifi in the subsequent events section. For q1 (jan-mar), it mentioned the LOI, which was in April. This time, there is no mention of signifi at all.
All subsequent events, even beyond the q2 period, should be listed. Which is why all those other updates regarding bud bank is there.
Here's a timeline to look at:
No mention of Signifi since it was last recorded in the "subsequent events" section of the 10-q, on May 14th. It's been 3 months!!
Jan 17, 2013 Plan to become fully reporting and uplist to OTCQB; audit for 2011,2012
Feb 5, 2013 Entered agreement to sell off assets from WV for $1 million
Aug 12, 2013 1:300 reverse split
Oct 30, 2013 Acquired 6 new wells in KY
Dec 31, 2013 Oil and Gas assets worth about $4 million, per annual report.
Dec 31, 2013 342,276,381 OS
March 13, 2014 Formed the Greater Cannabis Company
March 16, 2014 Name Change and identify as a holding company
March 26, 2014 Andersons hold 216.6 million shares (40.8% of OS)
March 26, 2014 530,724,416 shares OS
March 31, 2014 Oil and gas assets worth $4 million, per 10-Q
April 14, 2014 Filed for name change to Sylios
April 25, 2014 Entered LOI with Signifi
April 30, 2014 Entered into agreement with Asti Energy to sell off assets in WV and Kentucky.
April 30, 2014 Proceeds used for Signifi acquisition, Greater Cannabis, and share buy-back.
May 14, 2014 10-Q – subsequent events, lists LOI with signifi
June 19, 2014 2 new websites announced. Sylios and Greater cannabis company.
June 20, 2014 Name change to Sylios is complete.
July 10, 2014 Entered agreement with Bayport to sell assets from West Virginia.
July 22, 2014 Hired CPA to audit years 2011-2013 with intent to uplist to OTCQB
July 30, 2014 Final contract with Bayport signed
August 1, 2014 Bayport obtains $5 mil financing
August 13/14, 2014 Bayport and Sylios announced transaction is complete
I totally agree. The technology in these machines along with ID verification makes it very attractive. There are just so many questions. I have to stop thinking about it tonight. Let's see what happens tomorrow.
Also, considering the points you made, where does budbank or greatercannabis fit in to this? These newly formed mj companies only work if they are under the Sylios umbrella. So, how does signifi tie in to that? It's just a lot to consider and the company hasn't given any direction. I'm just frustrated with the whole thing. All i can do is wait till tomorrow and make a decision on where I stand.
Exactly the reason I've become more skeptical over the past week. I don't know what I'll do tomorrow.
Only one problem with that. Sylios is a holding company. They are the parent company that wants to have many businesses under their umbrella via acquisitions. Signifi is supposed to be the first acquisition. So, I would have seen no issue with keeping oil and gas or any other types of assets on the books. The only reason it was good to see those assets sold was that the proceeds can be used toward the signifi purchase.
I'm still watching this closely until I see some sort of verification that the acquisition is taking place. There's been no update on this for way too long for my liking.
Great article about LED lighting market trend. Expected increase from under $1 billion to over $55 billion market by 2020. Rapid growth starting 2015.
http://www.ledjournal.com/main/news/led-lighting-system-technology-trend-market-forecast-20122020/
Although, here is another article that cites different figures. Regardless of the actual numbers, both articles predict strong growth in the LED market.
http://www.greenbiz.com/blog/2014/01/30/5-trends-watch-commercial-lighting
Capstone needs to get some intelligent light products... the ones that can be controlled via Wi-Fi.
The new Wall Plate product looks great. I found it on Amazon and it already has 29 user reviews. 27 of them are 5 stars; all reviews written this year. I've never heard of these before, but I wouldn't mind getting a few myself.
I would think sales will really take off in Q3 and Q4, as we start losing the longer summer daylight and as more people become aware of this product.
* also sold at Sam's Club and Walmart, and Home Depot
http://www.amazon.com/Capstone-Lighting-Technologies-Wall-Plate/dp/B00FP6A55O
http://www.samsclub.com/sams/led-wall-plate/prod10650226.ip
http://www.walmart.com/ip/Capstone-0460-Capstone-2-in-1-10-LED-Wall-Plate/34105355
http://www.homedepot.com/p/Capstone-2-in-1-10-LED-Outlet-Wall-Plate-0460/204492129
edit: one of the reviews says-
"This is the best night light I ever have. Attractive design, there is a switch for hi and lo. This is best for dark hallway, worth the money. I first bought 2 3-packs, then bought another 3 more packs."
Regarding the new Light Engine alliance:
"Light Engine is currently the largest lighting manufacturer in China and one of the top 10 LED lighting suppliers in the world based on sales volume."
"With hundreds of patents to its name and a strong base of optical design, power electronics and mechanical design technologies, Light Engine is today one of the most modernized LED lighting factory in the world."
http://www.lightengine-tech.com/en/innovation.asp
I think it's huge. I did a summary of these loans in one of my previous posts today. Not only did they pay off some loans, most of what is left was loaned by insiders.
my post, 67824
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105214560
CAPC .046x.0519 OTCQB, fully transparent, audited financials
$5.3 million revenue for 1st half of the year. $8 million backlog for shipments thru Q3. 30% gross margins
Products available at huge retail chains (Walmart, Home Depot)
Here is a link to 1 example at Home Depot:
http://www.homedepot.com/p/Unbranded-Eco-i-Lite-3-LED-Multi-Function-Power-Failure-Light-0565/203179696
I'm still catching up on the details for CAPC. Looking at the 10-K from 2013, it looks like insiders hold 289 million shares (of the total 654 million OS).
I believe it was mentioned that $1 million from Q2 was shipped early and went into Q1. So Q1 was slightly inflated, taking away from Q2. The $15-20 mil projection for the next 12 months is promising though.
CAPC bouncing .035x.036 News following 10-q. Record revenues past 6 months. Projecting $15-20 million revenue in next 12 months. Insiders provided most of the loans, which are nearly paid off. 654 mil OS, been stable... no selling of shares by company.
Unfortunately, I bought a day early. Great opportunity to get in on the dip.
I'm just pissed that I bought yesterday. Could have had 40% more shares if I only waited a day.
Crazy selling today. I don't get it. Financials look good. Way better than most penny stocks.
Loan Summary:
Paid off $5.0 million in Q2
Still owe $1.8 million in old loans
New loans in Q2, $1.0 million
Most of the loans are held by the directors, and the directors hold a ton of shares. Very good situation.
Notes Payable
On September 8, 2010. Capstone Companies, Inc., and Howard Ullman transferred to Sterling National Bank.
As of December 31, 2013, the balance due to Sterling was $4,237,144. As of June 30, 2014, the loan has been paid in full and balance due to Sterling was $0
Paid off $4.2 mil in Q2
Notes and Loans Payble to Officers/Directors
On May 30, 2007, the Company executed a $575,000 promissory note payable to a director of the Company.
As of June 30, 2014 the total combined balance due on these two notes was $516,648 which includes interest of $97,702.
Still owe $517k
On July 11, 2008, the Company received a loan from a director of $250,000. At December 31, 2013, the total amount payable on this note was $330,000 including interest of $80,000. This note along with accrued interest was paid in full on April 23, 2014.
Paid off $330k in Q2
On March 11, 2010, the Company received a loan from a director of $100,000. At December 31, 2013 the total amount payable on this note was $130,466 including interest of $30,466. At June 30, 2014 the total amount payable on this note was $134,433 including interest of $34,433.
Still owe $134k
On May 11, 2010, the Company received a loan from a director of $75,000. At December 31, 2013 the total amount payable on this note was $96,847 including interest of $21,847. At June 30, 2014 the total amount payable on this note was $99,822 including interest of $24,822.
Still owe $100k
On June 11, 2010, the Company received a loan from a director of $150,000. At December 31, 2013 the total amount payable on this note was $192,674 including interest of $42,674. This note and interest was paid in full on April 1, 2014.
Paid off $193k in Q2
During the quarter ended June 30, 2008, the Company executed three notes payable for a combined total of $200,000 to an officer of the Company. At December 31, 2013 the total amount due on these notes was $264,000 including interest of $64,000. This note and interest was paid in full on April 23, 2014.
Paid off $264k in Q2
On January 15, 2013, the company received a new loan of $250,000 from Stewart Wallach, the Chief Executive Officer and Director of Capstone Companies, Inc. At June 30, 2014 the total amount payable on this note was $279,096 including interest of $29,096
Still owe $280k
On January 15, 2013, the company received a new loan of $250,000 from a director of Capstone Companies, Inc. At June 30, 2014 the total amount payable on this note was $ 279,096 including interest of $29,096.
Still owe $280k.
Purchase Order Assignment-Funding
On June 14, 2014, Capstone Industries, Inc. received a $125,000 loan from George Wolf. The loan balance at June 30, 2014 is $125,575 including accrued interest of $575.
New loan, owes $126k
On December 11, 2013, Capstone Industries, Inc. received $620,000 against new note from Jeffrey Postal a director of the Company. As of December 31, 2013, the total amount due under this note was $624,077 including accrued interest of $4,077. This note was paid in full during the first quarter 2014 and no amount is due at March 31, 2014.
Paid off $624k in Q1
On June 9, 2014, Capstone Industries, Inc. received $825,000 against two new notes from Jeffrey Postal a director of the Company. As of June 30, 2014, the total amount due under this note was $830,696 including accrued interest of $5,696.
New loan, owes $831k
Working Capital Loan
On April 1 st 2012, the Company signed a working capital loan agreement with Postal Capital Funding, LLC, (“PCF”).
As of December 31, 2013, the loan balance under this agreement was $543,626 including interest of $45,626. As of June 30, 2014, the loan balance under this agreement was $563,382 including interest of $65,382.
Still owes $563k
No change in OS. Still 654,010,532 as of June 30, 2014.
Good to see that, with the stock near all time highs, the company is sitting tight. They are not selling any shares.
Insiders own 127 million shares (19.5% of O/S). 64 mil of which were just bought last October.
With improving revenue and profits year over year, it's easy to see why insiders are holding for the long term.
CAPC 10-Q out
$1.7 million gross profit in first 6 months of 2014. Gross margins improving. Up around 30%
Expecting $15-20 million revenue over next 12 months.
CAPC 10-Q out
$1.7 million gross profit in first 6 months of 2014. Gross margins improving. Up around 30%
Expecting $15-20 million revenue over next 12 months.
10-Q out
$1.7 million gross profit in first 6 months of 2014. Gross margins improving. Up around 30%
Expecting $15-20 million revenue over next 12 months.
CAPC profitable company with increasing revenue. Insiders holding huge chunk and not selling. Nice play to hold for steady gains. No relying on that one event that "sends us to the moon". Just a solid company experiencing a lot of growth
I'm not even sure how I found it. Probably followed you there somehow. Once I saw how they are able to run the business with a steady revenue stream, rather than selling shares like all these other scams.. I'm hooked. It doesn't even seem like I need to treasure hunt. All the info is presented by the company. No vague statements or guessing what could be. Very transparent.
I'm sure I'll research it a little more when I get time, but I wanted to get in before the Q2 filing. Seems like it will be pretty good.
CAPC .053x.055 I'm in. Products offered in big name stores.
2-IN-1 10LED Wall Plate
Costco
HD Supply
Home Depot
Sam’s Club
Walmart
Eco-i-Lite – Multi-function Power Failure Lights
Costco
Energy Federation Incorporated
Lowe’s
Office Depot
Okobojinize
Smarthome
The Container Store
The Home Depot
True Value
PATHWAY LIGHTS® – Booklights, Tasklights and E-reader Lights
Smarthome
Target
Wireless Motion Sensor Lights
Costco
Energy Federation Incorporated
Okobojinize
Pricesmart
Sam’s Club
Smarthome
CAPC. Thoughts? Looking over recent filings, it seems pretty legit. $4 million revenue in Q1.
654 mil OS. Insiders hold a ton of shares (I think about 35%)
From recent Telecon:
"we have posted record revenues through Q2 exceeding US $5 million and we have a record backlog taking us into Q3 and Q4. We will file our Q2 financial results next week on a timely basis. "
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10135196
Can't argue with that. I feel like I'm constantly pulled back and forth between excitement and apprehension. I'm tired of it. I just wish they would tell us what's going on. I'm done trying to decipher the riddles they throw at us in prs.
I agree. I'll be keeping watch. No doubt about it
Well the LOI was in April so they have had some time to get something in the works. But I doubt they had anything planned prior to that. Why would UNGS and signifi do any sort of work together until they were part of the same company.
For me it's; step 1- acquire signifi and obtain their existing revenues. Step -2 create weed machines.
Until I see step 1, everything is open for interpretation and is a gamble. It's up to the individual if they are willing to take the gamble
Yes they sell those products. That, plus DVD and guided sales assist, are the $5 mil revenue. I was only clarifying that the Automated retail machines are Aureco design. So if they are making a weed machine, it would most likely be through the Aureco partnership. Unless this has been in the works for a long time, I don't see it happening next week. Think about it. To design, manufacture, and sell these machines. It would take what?... A year, 2 years maybe? They could fast track the process using the Aureco partnership, but we've heard nothing about them.
But, I have no idea what is going to be on that website, so that is why I am still keeping an eye on this. We don't know what we don't know. Who knows, maybe signifi has had this in the works way before UNGS even knew who they were.
I'm just wondering, where are the ad campaigns saying "buy a budbank, launching next week". "Preorder now..." We don't even know what the product is. But I guess that's why it's trading under the 0020's. If we knew, it would be much higher. That's the gamble
That was always the hope. I was invested based on the existing revenues. The possibility of pot machines was added bonus. I'm no longer invested here but keeping a close watch on new developments. If the acquisition goes through it will be a great investment. I just can't understand why the biggest acquisition has not been mentioned in the past 2 prs. The existing revenue would have immediate impact but I always thought the pot machines would take some time.
Sorry but those spot shops are Aureco design. Signifi is just a partner to sell/distribute to canada and the US. Google Aureco or automated retail concepts. Or look at some of my previous posts. I've posted a ton of dd on it.
I'm less optimistic. Signifi has only made the DVD kiosk. All the automated retail machines are made by Aureco. It's quite a bit different in technology. It's possible signifi is working with Aureco to produce a pot machine, or that signifi is creating a new one on their own. But, why has there been no mention if it? It bugs me a little that Sylios talks about a website Launch and the beginning of sales, but they won't say what they are selling. How can they sell anything if no one knows what the product is? I always knew this was a high risk/reward but with each passing day I become more skeptical. I have done a ton of dd on signifi, but it doesn't mean crap of the acquisition doesn't take place.
Signifi DVD kiosk technology
Ok I found the post by Hippo showing the original offer to acquire Wilon was about $14.6 million.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104972441
I'm a bit confused though. If the offer was for almost $15 million, why would it only show as a $1.7 million purchase price on the Quarterly? And as of March of this year, the Oil and Gas assets are listed as $4 million.
I'm not going to bother looking into it. I'll just wait for the new Quarterly next week and see what happens.
Quarterly report should be filed next week. Based on their history, it should be on Wednesday or Thursday. Should see some updates there.
Taking another look at the last Q, the Wilon oil and gas resources were originally purchased for $1,687,279.
However, they are estimated to be worth $4.6 million today.
BAYP just so happened to get financing for up to $5 million, presumably slated for the oil and gas purchase.
I'm expecting by this time next week, we will have some good news.
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=120615