Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Congratulations Bull, looks like your wish came true.
Yep, CAPC finally broke out of the two cent quagmire.
Should we feel sorry for those people who were expecting to grab "cheapies" below the recent .017-.0199 yo-yo trading range? (Naw, not really!)
With the recent price action it appears that .021 may be considered the new cheapie. That's about 25% above what one could have paid last week.
Also, you should be happy that the guy who clamped the lid on the .02 price for so long starting with his 700,000 share Ask apparently finally completed his dump on Friday. Notice that almost all the trades involved lots of 50,000 shares+ being sold by someone and together these large trades appear to have accounted for some 250-300 thousand shares. Guess he was happy too; he got more than the .02 he had been looking for on that batch.
Townie, you are mistaken!
The terms Caveat Emptor i.e. Buyer Beware are used to suggest the same actions indicated for due diligence.
They are all cautionary terms suggesting that a thorough analysis of the situation is called for before buying or investing.
Rather than perpetuating this argument please refer to the following URL and count the hits showing the absolute relationship between the referenced terms.
https://www.google.com/search?q=due+diligence+vs+buyer+beware&ie=utf-8&oe=utf-8
Actually Townie
A simple definition of DD (due diligence) is Buyer Beware
Agreed our manipulator is on a fool's errand
His shenanigans have little effect on the stock price which has been fluctuating in a tight range for weeks.
But that in itself is not the problem as I see it. Yes, he certainly has done a lot to gain attention and unfortunately he has been allowed to do so.
Therein lies the problem. His obvious flaunting of the SEC rules repeatedly over a period of weeks, and without intervention, makes a mockery of the stock, it's CEO, and its 'Board of Whatever They Are'.
Makes it hard to look at this as a serious company.
Not real helpful in attracting new investors is it?
Really looking forward to seeing the upcoming Q3 results. Really hope they will restore some degree of confidence in our poor little (almost) two cent company!
Bull, I'm confused
If nobody will pay .02 for the big sellers shares, why would they be inclined to pay more once they are gone?
LOL Dizzy
The same thought occurred to me. I have to wonder if my diatribes today on the subject of CAPC manipulation caused the painter to be "scared straight"?
Naw, No Way. I ain't that good.
I find your post almost 100% inaccurate!
There is no proof of any wrongdoing just speculation. I don't for one minute think the Company has anything to do with it. If there are FACTs pertaining to an individual or group doing this then those should not be hinted at but put forth to the Board.
The proper way to handle this would have been to submit the Complaint directly to the SEC and not put the Company in the middle of a bad position, and keep it out of the public sight.
Townie, you have not answered my question!
Here it is again regarding your post# 69674
Please furnish a reference to this claim
Concerning a Complaint against investor's in CAPC
Townie, you simply don't have all the facts.
1)The company has been made aware of the egregious manipulation of CAPC stock!
2) The SEC has not been notified (at least by me) of this apparent illegal activity because to do so could backfire on the company itself.
3) This is because the company has been notified and if they fail to act to correct the situation it could lead to serious questions of (a) Governance and (b)Scienter should it become necessary to bring in the SEC, NASD or other governing bodies at a later date.
4) The SEC receives hundreds of complaints and, as you pointed out, the likelihood of any one penny stock being culled from the plethora of complaints on the ilk for action is minuscule.
5) However, those more familiar with the process also know that there are ways of expediting action without becoming bogged down in the procedure you referenced.
6) Thus, while it is quite feasible to lodge a complaint on this ongoing manipulation of Capstone Companies stock with the SEC, my opinion is that it will be much to the ultimate advantage of shareholders to handle this "in house".
7) Thus no further reference to the procedure for contacting the SEC is necessary.
Please furnish a reference to this claim.
Concerning a Complaint against investor's in CAPC
CAPC manipulation is not a laughing matter!
Downplaying the seriousness of this behavior or trying to pass it off as being of no concern simply serves to further tarnish the image of Capstone Companies in the eyes of potential investors.
This situation should be met head-on by management and/or by shareholders to end the nonsense.
Believe me, neither I nor the company want to see the SEC brought into it at this time. The repercussions could range much farther than amateurish stock manipulation and illegal stock promotion.
"Marking the Close" IS a serious matter!
As is any form of "Painting the Tape" to manipulate CAPC share price.
And while it may not bother you:
Doesn't bother me, as things even out over the long haul. Not worth losing sleep over.
The US Security and Exchange Commission (SEC) recently fined a high-frequency trading firm a cool $1 million to settle charges that the firm had used their sophisticated algorithmic trading system to “mark the close” or “bang the close.”
“Marking the close” is a form of market manipulation. Simply put, the practice is an attempt to influence the closing price of a security by executing purchase or sale orders just prior to the close of trading. Marking the Close.
Old Fraud by New Means by Richard Magrann-Wells, October 23, 2014
Nice Play Bull - Congratulations
Rite On!
Container Store site lists 68 LED products available
The only one I recognized as a Capstone product was a Mini Eco-i-Lite.
They do have a couple of motion sensor lights by other manufacturers.
It will be interesting to see just whose shelves that big backlog has filled.
The other hump is volume, Bull
If we could begin hitting a million or two shares a day that two cents would rapidly disappear in the rear view mirror.
But the volume, and the earnings that would engender it, would have to be consistent.
Yes Mike, I will be asking questions
I prefer to submit them in advance, if there is sufficient time between the release of Q3 results and the CC as some might be based on said results.
I don't believe we should sandbag management with oral questions that might, in some cases, call attention to "dirty laundry" without their having an opportunity to intelligently prepare a response. Obviously they have in the past had friends lob them oral softball questions that were expected and received a rehearsed answer.
However, as in the past I have had a tough question completely ignored both in the CC and in direct response I might consider asking one or two "on the air".
I know Diz, I didn't "filter" the URL
So a lot of the hits simply contain the word "Capstone" but have nothing to do with our lighting products.
On the other hand, the first three pages that come up do contain dozens of hits on all kinds of CAPC stuff.
Why, if you work at it you can even find some "Timely Reader's" for sale........great for Christmas, just fake a Hoover label and slap it on them.
I asked the same question some weeks ago
A couple of people had reported seeing puck lights at a COSTCO but apparently no one was able to come up with other sightings.
However, all is not lost, except possibly to shareholders.
There are hundreds of various Capstone Lighting products for sale on Ebay including some that appear to be identical to the latest models destined to be offered under the Hoover label.
For an overview, see this:
http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=Capstone&_pgn=2&_skc=50&rt=nc
And for some of the latest products, see these two:
http://www.ebay.com/itm/Brand-New-Capstone-Decorative-LED-Power-Failure-Accent-Light-Half-Moon-/252109017186?hash=item3ab2de5062:g:h~IAAOxycmBSsOsW
http://www.ebay.com/itm/Brand-New-Capstone-Decorative-LED-Power-Failure-Accent-Light-Vase-/262065625607?hash=item3d04541a07:g:wk8AAOxydlFSucHv
I wonder how the accounting for these sales of "surplus"(?) were recorded?. Into whose pockets did the proceeds flow? Good question for the Q3 conference call?
I wonder if Aimee would claim on these units, as she did before about "surplus" merchandise, "Oh no, that's not our product!".
Oops, I was both right and wrong!
As predicted our little illegal stock manipulator "marked the close" again, this time at 3:59:21 (you have to admire his precision).
BUT, I vastly underestimated his zeal. Why he went for Four Hundred Shares at .02. That's a major purchase for him and exactly double the $4.00 that I had predicted he would spend on 200 shares.
Wow, he spent $8.00 to break the law.
Wallach must be so proud of him for his support of the stock while the rest of the investment community may look on in shock and awe.
Oh the amusement of owning such a predictable laughing stock .
Will we see 200 shares go for .02
at 3:59:xx this afternoon? Or is our little manipulator sleeping today?
Maybe Credit Suisse does it for yucks?
After all, it is a laughing stock.
Anyway, here's your link:
http://www.americanbankingnews.com/2015/10/13/capstone-companiess-underperform-rating-reiterated-at-credit-suisse-capc/
abcddavis you nailed it!
Unfortunately pronouncements by Stewart Wallach carry very little credence in the marketplace.
The week following the upbeat Oct. 6 announcement, in the midst of a flurry of trading activity, Credit Suisse reiterated their "underperform" rating. Yep, "reiterated" it.
Remember what happened as recently as 2013 when we had another Wallach PR touting a "record backlog" going into the 3rd and 4th quarters? Well, sho nuff, the third quarter was spectacular but mainly because they "borrowed" revenue that should have recorded in the 4th quarter.
And that 4th quarter? Well that one suffered the most terrible loss in CAPC history going back to 2007. Followed,by the way, with two more losing 2015 quarters.
So why should potential investors doing due diligence ignore the balance sheet, the current rating, the history of losses, and the obvious attempts at amateur stock price manipulation to invest in this stock?
If Wallach can finally put excellent numbers on paper within a straightforward 10-Q your recent buy of cheapies should pay off.
But not until then.
Apparently the 700,000 Ask-er was not impressed
He came back on at 12:21 and then sold 33,300 shares for .02 at 12:26.
His remaining 667,300 shares are still showing as available at .02. Guess he's seen some of Wallach's previous forecasts.
Why aren't more people, including those on this board, swarming to buy CAPC at this price if they have faith in this PR?
Oh well, at least our laughing stock
is, at least briefly, worth two cents!
Still a Laughing Stock not worth two cents!
Potential investors who might look at CAPC based on Wallach's latest uttering but then see the lack of price support amid amateur stock price manipulation can certainly not be blamed for sitting on the sidelines and wondering "Where the Hell is their Board of Directors???"
Today's total trades are a case in point:
11:12:16.... 500 shares ($9.50) traded at the ask of .019 for the HOD.
14:31:26.... 2000 shares ($31.60) traded at the bid of .0158 for the LOD.
15:46:34.... 5000 shares ($79.00) again traded at the bid of .0158.
15:59:27.... Just 33 seconds before the close there was a ridiculous trade of 200 shares ($3.78) at .0189 to mark the close!
About 8 mil in revenues for 3rd qtr???
Awaitingamove If you are basing this on some expectation that backlogs equal revenue you might recall that there was a similar 8M backlog just a year ago:
...as we enter the 2014 holiday season we are prepared to continue to deliver revenue growth as we have a record level of backlog in place for shipment during the third and fourth quarters.”
200 shares at 3:59:45 closed CAPC at HOD
Perhaps laughing stock is to euphemistic a sobriquet for this mismanaged turkey.
At 3:59:37 our laughing stock traded at HOD.
Once again someone "marked the close" with an illegal trade of a couple hundred shares.
Does management simply condone this or is management possibly behind the curtain?
Be nice to hear from them on the subject.
Ya gotta be really desperate to resort to this type of tactic to make the stock appear to be worth 2 cents!
100 Days Until Christmas!
has anyone (besides gclaes) seen any Capstone or Hoover LED product on store shelves, or available online, anywhere?
Hey, there it went, 1000 shares at .02
That's $20 worth .....and 45 minutes before the close.
Damn little (as in NOTHING) Mike
The last news was the 8k covering the sorry conference call on Q2 results, etc. a month ago.
We used to say "Show us the Money!"
Now I'd be happy with "Show us (*) ANYTHING!"
((*) a place to fill in your own appropriate unprintable adjective.)
Anybody wanna bet on today's close?
Will we or won't we see a 200-500 share buy at .019 around 3:59 to mark today's close?
Gotta keep that accumulation/distribution line looking good with a "strong" close!
Is the opposite of illegal "Marking the Close"
called "Marking the Opening" and is it also a felony?
At any rate that opening 500 shares dropped the pps and therefore the Market Cap by roughly 30%.
(Market Cap plummets to only 14M but so what's a few million among friends?)
For investors who follow the charts and trade in 500 share lots I guess this might be seen as a "buy point" as opposed to last week's 500 share "sell point" and thus an opportunity to buy cheap shares for big percentage gains?
Our laughing stock opens the week in character!
And with an amusing twist
500 shares ($7 worth) of CAPC sold at the opening bell at 0.0141 thereby dropping the pps from the artificial high of .0199 established when the stock last traded a total of 500 shares for the day last. Wednesday.
Unbelievable! The term laughing stock
may be too good for this "investment".
+Thanks gclaes, We need that type information.
Sure as Hell not getting it from the company or Kei.
If any of our other posters who are members of big box warehouse clubs, especially other than Costco, are seeing Capstone/Hoover product on the shelves, please post it here.
Hard to realize that it's already time for the stores to be stocking up for Christmas. Remember Capstone counts revenue when product is delivered to the wholesale or retail outlet,.....not when the product is sold to the individual consumer.
I agree with that, Bull
(The comma in the title above is important - lol)
So far Hoover has been treating Capstone like the proverbial orphan stepchild.
Try contacting Hoover and inquiring about their new line of LED lights and where they might be available. If you get the same answer I got you'll see what I mean.
(I got a brusque "Contact Capstone" and no further acknowledgment that such a line exists, or was going to.)
Perhaps those buy/sell points aren't quite so obvious?
The years of pps fluctuation in fractions of a penny coupled with abysmal, and frequently non-existent, volume were seldom conducive to anything but penny-ante trading for the most part.
Inconvertibility is not a great opportunist.
Flp Relative to your post concerning "Involve"
Perhaps even worse is that Involve
is trapped by the same illiquidity that is presently "sinking all boats". Sure, they're in for just a penny, but if they try to sell off even only a couple of hundred thousand shares the pps is going to drop below that penny. Imagine what the sale of a few million of their shares would do.
When you look at the statistical and financial data as you did, (the cold, hard facts),it is difficult to justify any enthusiasm or support for the historical bumbling management of this company.
I would like to see a more proactive approach where Involve LLC and other experienced shareholders prevail upon Wallach to get the Engineering and Marketing assistance he obviously needs to efficiently move the company, and its shareholder's equity,forward now, not after another decade.
Wow Mike, that's a bit of a puzzler!
Your Pathway to Profitability question involves long term predictions based on speculation as to (1) revenues and (2) margins.
Both items at this time are highly dependent on the unknown sales potential, product acceptance, and profitability of the new Hoover line.
As we're all apparently agreed that we are suffering from a lack of transparency on the part of the company, it would seem to be an impossible task to make a reasoned long term estimate of the pps even nine months from now.
Shorter term predictions are much easier, even with the disregard for shareholder's right to be kept informed by management. Note that we are roughly two weeks from the end of the third quarter with no hint of guidance!
Short term I believe we are looking at another losing quarter with CAPC bouncing around the penny mark for the next six months.
+
Nine year chart???
What I see posted is a six month chart?
In any case, it takes no skill or knowledge of the market to look BACK and spot the buy/sell opportunities.
Isn't that antipodal Townie?
A good Company that is receptive to shareholders. They gave up reading this Board a year or so or maybe even longer.