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Our laughing stock traded zero shares today.
Sad thing is, that's less ridiculous and embarrassing than that (almost) $4.00 trade yesterday.
That's a little over simplistic Townie
and I don't know why you felt qualified to brand it a "Sell" recommendation. Whenever I have made recommendations I have also stated what I was doing at the same time. It's a matter of principle and a matter of record!
Believe me, I could clearly and concisely recommending "Sell" if that's what I intended. But why would I do that without dumping my own shares - something that would immediately crash the stock well below a penny?
Actually, you should have read the post as meaning simply that the stock is a "laughing stock". That would tend to warn potential investors to consider buying into this disaster very carefully and weigh the hype against market performance as the stock suffers from Illiquidity!
(Note Zero shares traded today by 2:30 this afternoon)
Wallach and CAPC define the term laughing stock.
Wednesday's price action on CAPC must surely reserve a place for itself in the chronicles of truly embarrassing stock market moments.
A whole day passed without a single trade until the last few seconds of the market when CAPC's biggest fan leapt in to save the day with a Buy of 200 SHARES AT 0.0199.
Damn, just a skeech above 0.0199 and CAPC could have traded a whole $4.00 worth.
But the market decreed that the stock, its CEO and its Board of Directors still ain't worth two cents!
Yeah, yeah I know, just mumble the tired mantra, "Wait till next whatever"!!!
Thanks, I wondered about that.
EOM
Here is a simpler link to the profile?
(No "sign-up" required)
http://www.reuters.com/finance/stocks/overview?symbol=CAPC.PK
CAPC was well positioned to ignore the massacre
Because it was already dead.
Oops, he traded early today at 3:55:08
and hit the ask of .0174 with 20,000 shares.
Must have brought his big brother to work with him today.
Perfect opportunity for the painter
Will he close it at .017?
We'll know in just seconds.
By Golly Diz, you're right,this is HUGE!
While most of the stock did trade today in the .014 - .015 range a savvy investor snatched $30 worth at around 2:45 for the last trade of the day. Sadly that was the only trade at .02 today.
Way too early for the painter and way too many shares for his budget also...... this apparently was a real vote of confidence in management.
Why, we may have just seen action from Wallachs Biggest Fan.
Wheeeee!!!
CAPC Stock SURGED to close at .018
This was not only the high of the day but also the only trade at .018. Even more miraculous, this required only a $3.60 stock purchase to achieve, and this trade adroitly squeaked through nine seconds before the bell.
Words cannot express the esteem with which I regard the CEO of this company and his fine watchdog committee of Directors who do so much to insure and maintain the integrity of this stock.
No, words cannot adequately express it............ it requires a gesture!
Unfortunately Bull,
just about all the news in the conference call was along the lines of your quotes
Could be the strongest........now going to be.....
Somebody wanted out of nearly 400,000 shares today.
If he starts dropping his Ask we could see prices that only a bottom feeder could love.
I guess he really HATES the stock?
200 Shares bought at the ASK at 15:59:48
Our manipulator obviously LOVES the company since others were only bidding .014 at the time.
Here's a more topical "funny" from the CC.
In trying to justify the half-million dollar wall switch from AC Kinetics, Wallach gave the following example:
A perfect example would be a light in a bathroom, which is a room frequently visited during a power failure or any other time. The visit to a bathroom might be three minutes, so where a general power failure product may be on because of power failure conditions, a power failure product that incorporates our Capstone Power Control technology can be turned off. In essence, we're only using it when we need it, and that significantly extends the life of the product.
The transcript should be read for laughs!
Gotta love this one:
We were the first to utilize induction charging in a handheld lighting product and, at the same time, introducing style and design into utility lighting categories.
Yes, that post has proved accurate.
During July/August the stock has already traded as low as .009 and came close to the 1/2 prediction at .013 just a couple of days ago with several days showing trades at .014.
But I did not intend that post as a sell recommendation but rather a "don't buy now" warning for those who might have felt the stock would surge in anticipation of earnings.
I agree and can see how some might have treated it as a sell Rec.
Worked either way;, no harm, no foul.
My actual archived CAPC recommendation is and was HOLD!
The following is redacted from the Thursday message #69330 on this board if you wish to ascertain that the quote below is not taken out of context:
My advice to all would be to do nothing immediately following the conference call. Let the trend sort itself out over a couple of days to avoid any misdirection from knee jerk reaction to the news, good or bad.........................So everyone, sit back and cool your jets until at least the 2nd quarter's results have a chance to sort themselves out in the marketplace.
Perhaps they are an analysis of current operations?
And, if you disagree with the data you are free to rebut it.
Otherwise, I couldn't care less how you choose to interpret, or misinterpret it.
Let's stick to facts.
Towmie is this a reason to sell?
Townie Member Level
Thursday, 08/13/15 09:21:14 AM
Re: None
Post # of 69375
If Q report is bad and if Stewart doesn't convince shareholders to stay the course this is going to below .01 very soon.
Sell or Buy HHMMMMMMMMMMMM
As I recall, that profit was partly because
They "borrowed" revenue from Q4
And wow, did that ever more not work out.
Also there was the (571k) Q4-2014 bottom line
While this does not change your analysis for year end 2015 it is important to note that management has treated us to three consecutive quarters of losses totaling over 1.5 million dollars!
Looks like the third quarter is going to be another verse of this same sad song making a full twelve months of continuous and sizable losses.
This is a managerial record that only "family and friends" could love as they gleefully collect 12% interest on secured notes not available to others.
Oh man, this is HILARIOUS!
Yep,trading was quite normal for this stock today including, for the third time this week, our "manipulator" striking, this time at 3:59:51, just 9 seconds before the bell with a 200 share buy at the Ask of .O175 which would have closed CAPC at the high for the day.
But this time he blew his $3.50 investment. Seems he stepped right into the middle of a 50,000 Sell which traded 45,000 shares at 3:59:38 but then completed with 5000 shares 3:59:52, one second after his buy, to close the stock at the LOW of the day.
What an ending for a day when we wanted so badly for this stock to be taken seriously!
Yes Mike, I listened to the entire call.
Given the dreadful numbers for this quarter the statement that "revenues will ramp up significantly" is rather specious.
What the Hell would we expect them to do? Get worse?
And revenues are not the ultimate problem anyway. Net income is. Revenue should not be confused with net income unless you subscribe to the old saying "We lose a little bit on everything we sell but we make it up on volume".
Wheeee, another backlog!
Exactly what I didn't want to hear.
Because you see, we are exactly half way through the third quarter already, and yet.....
there was no announcement that any of this "backlog" had shipped. What a perfect time to throw a real bone to the pack but it wasn't done.
Looks to me that we're going to see another loss for the third quarter as I've previously predicted, and that the first chance of seeing profits reported will still not be until March 2016.
I'd love to be wrong for a change.
Bull, some counterpoints:
Discouraging others from investing at this time might be a kindness.
How can I get the following across to you?
1) I am not in the market to BUY any more shares of this company at this time AT ANY PRICE!
2) I do not WANT the stock price to go down because that will diminish the value of my holdings! Is that so difficult to understand?
3) But I EXPECT the stock to go down if the present dreary trend of blathering about BACKLOGS rather than deliveries continues tomorrow.
4) The company will not go BANKRUPT based on an abysmal price of the stock but rather on whatever degree of mismanagement results in that price
Frankly I did not appreciate your accusatory post.
Say WHAT!!!
The "one and only way" to increase your bank account is to buy stocks to be sold at a higher price?
Wow, I guess those folks who specialize in short selling will be shocked to hear that!.
Or how about the investor who buys a high dividend yielding stock for the dividends and holds it indefinitely?
Or traders in options who make money from puts as well as calls?
Oh well.
-OMG Townie we're, like, in total agreement LOL
You said:
If Q report is bad and if Stewart doesn't convince shareholders to stay the course this is going to below .01 very soon.
Townie, you misunderstood.
I don;t think you will find many experienced shareholders who naively believe that filing "complaint forms" with the company will result in the voluntary restructuring of the BOD.
A robust question and answer period?
With canned responses to slo-ball, cherry-picked questions?
I have no interest in any more happy talk about marvelous acceptance of, to date, new vapor products.
I have no interest in more "reasons" a huge investment in AC Kinetics had failed so far to bring in one cent of revenue.
I am tired of the failure of this company which under its current CEO has been unable to string together three consecutive quarters of profitability, with one exception, over the past eight years!
The 4th quarter of 2014 showed the biggest loss of any quarter in those eight years of Wallach leadership and the loss in the first quarter of 2015 was already at 75% of the loss for the entire 2014 fiscal period.
So Mike, I agree with your statement 100%:
We need to remain focused on asking good questions and getting a comprehensive numerical accounting of Capstones progress.
It's called "Marking The Close" and it's illegal!
The SEC defines "marking the close," which is illegal, as "attempting to influence the closing price of a stock by executing purchase or sale orders at or near the close of the market."
I'm afraid they are comfortable with that.
i'm thinking of asking them "Since May 1st CAPC has traded on the pinksheet's..are you comfortable with that?"
I was expecting that too Diz
Now I'm worried. Do you think the pathetic little painter might be ill? ....... or in jail?
Or did he simply feel that the artificially derived accumulation/distribution line didn't need tweaking on a day when the stock got skunked again?
This was a nice little microburst.
A buyer wanted 350,000 shares and was willing to pay .018+ for them.
Bid has now dropped back to .0167 while the ask remains at .0199.
Can we expect 200 shares at the close to peg this ambitious Ask for the day?
Oh, and Bull, "Stew" is the diminutive for Stewart or, less formally, "Stewy"
Mike, while I basically agree with you -
I'm afraid my jaundiced opinion based on past promises of huge "backlogs" and/or orders on hand has led me to a stricter attitude of Show Me The @&%$*#@ Money!
With this company I cannot get excited about "sales" or so called product acceptance leading to future orders.
I'm interested in Revenue, not GAAP sales, and with Capstone revenue is counted only upon delivery.
While I would love to be wrong, I do not feel that the stock will be moved more than momentarily by more promises or undelivered "sales" anymore. I do not believe we will see an end to quarterly losses reported until, at earliest, mid-November or even mid-March of 2016. Then, at long last, we may finally have an opportunity to celebrate some upward price movement supported by real, sustained volume.
Mike, how can you say that!!!
Why just yesterday, a few seconds before the final bell, one of our regular investors who has almost single-handedly supported this stock by closing it daily at the ASK, again risked his capital by investing in another TWO HUNDRED SHARES even though he had to pay a premium price to get them.-(LOL)
I am sure the company has to be aware, and even supportive, of this investor's methodology, despite the fact that their silence on the issue might just raise the tiniest question of a conflict of the tenets of Corporate Governance.
Yep, that might make for some questions for the so-called Q&A session.
Bull, 2 questions based on your recent posts:
First, who is this "Stu" you sometimes mention?
Second, Do you have a URL or other concrete reference that will allow us to read the "MSCI mews blimp" you mentioned?
(I find a lot of references to an MSCI associated with a certain group of Capstone courses found at various colleges but having nothing to do with the company.)
Logically it appears unlikely that any legitimate entity would have the temerity to upgrade this train wreck at this time.
"gearing up for THE MOVE UPWARD"?
Are you basing this on the big move upward at the close today? You know, the one 30 seconds before the bell which closed CAPC at the high of the day? The one for $3.62?
Dies anyone realize how utterly ridiculous this stock must appear to any sentient potential investors?
So Townie it's confirmed; no open questions permitted
Surprise, Surprise!!!
Instead, will we be treated to more promises, platitudes, excuses and news about how well the new products are being received although they are just a leeeeetle lagging on revenues? This to be followed by a carefully edited and vetted slow-pitch softball Q&A session where, if Stewart can't hit one out of the ballpark, maybe he can at least dribble one down the first base line.
Another useless side show? Well at least it should provide you an opportunity to fill those lowball bids. Good Luck.
Diz, I think you'll find that statement
was attributable to Ullman, not Wallach.
However I believe it was caused by Wallach's ineptitude.
IMO Wallach deliberately killed the STP project.
The project was initialized shortly before Wallach became CEO if memory serves correctly. But it really didn't do anything to further his little flashlight company - it had to go!
So instead of featuring products designed to appeal to the enormous crowd of NASCAR tailgaters they concentrated on guaranteed failure by "marketing" still another batch of cheap battery operated screwdrivers and drills into an already overcrowded marketplace.
Handled properly, the STP license could have been a goldmine!!!
As far as the ridiculous sponsorship of a race car obscurely advertising "vapor products", perhaps the the reason for this might have been for the boys to have the opportunity to get next to some NASCAR pit lizards.