says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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They don't have FCC certifications for the new design yet, is what I heard.
The original Capstone Connected mirror product (the one shown in January 2019 and January 2020 at CES) was certified by the FCC on December 19, 2019.
You can start production, you can ship product on airplanes, but you can't sell them to end users without the FCC certification.
I think Stewart said Q2 or Q3.
That's perfect for a meme stock; we won't get a full quarter of sales until 4Q at this rate, and that won't be documented in an SEC filing until the end of March 2022.
Everybody get comfortable (any of those Simply Comfort foam pillows still around?) for another year of More of the Same, my opinion.
Was supposed to ship in early 2019.
Covid had nothing to do with the first year of puttering around with the mirror product.
Introduced at CES 2019, not CES 2020. Stop re-writing history, Stewart.
Now shipping in Q2 or Q3? Did I hear that right?
Redesign of the product confirmed; original device had certification in December 2019. Now needs re-certification.
Stock Photo + Photoshop Magic == EZ Marketing Copy
Nevermind that the mirror is two years late (introduced at CES 2019 January ).
You don't actually need to have shipping product to have a neat promotional campaign, I guess.
Have a happy and safe St. Patrick's Day!#CapstoneConnected | #TheSmartMirrorCompany pic.twitter.com/PNWFOdmtuE
— Capstone Companies, Inc. (@CAPC_Capstone) March 17, 2021
Day 322; still haven't found the Upload to Website button for Nulixocorp.com
Situation: Despondent
Outlook: Glum
Everyone hug your phone trees and Hope!
If all their recycled plastic and other trash comes in one load,
how do they separate out all the chlorinated plastic compounds before it hits the P2O machine?
What does that cost? What are the throughput rates? How much chlorine gets through anyway? No sort is perfect, no matter how many millions you spend.
Nulixo's plan can not work as described. For a company that takes 11 months to upload a powerpoint to a website (still not successful with that yet), how should we expect them to solve the really hard issues, like PTOI's machine spewing Hydrochloric Acid when run with plastic trash?
They rely on the Redwave X-ray Fluorescence sorting machine to sort trash.
What does one of those retail for? And how many tons of plastic can it sort in a day? And, what is the sort failure rate on those machines?
PVC and CPVC will get by the sorter and get fed into the P2O machine. HCl will pour out the stack and will start peeling the paint off your car parked in the parking lot, burn your eyes, and damage your lungs.
Until the P2O machine does an emergency shutdown. Then all the plastic trash will be trucked directly to the landfill, where it belongs, and represents Carbon Sequestration. Everybody Wins when P2O fails to process trash.
If you actually read the article,
it's chlorine compounds in the air, caused by burning chlorinated waste plastic (PVC and CPVC).
PTOI's machine can't handle PVC or CPVC. Fact.
How's that PowerPoint upload coming along?
Does Steve Price need any help with that? Pretty sure my 5th grade nephew could have uploaded a file to nulixocorp.com by now.
Is there any issue with Steve Price still controlling that website? Did he pay all his hosting bills?
It's odd that a company with no HQ and no MSW transfer facilities and no money and no track record is having a problem with updating a $29 web site, like they claimed they would.
Nulixo has a stupid idea that will never work.
Plastic sorted out of municipal trash has PVC and CPVC in it. P2O's machine can't process it. This is proven, by permit, and by actual testing. (They tried processing Madison county trash, and it fouled the machine - they had to take it offline for cleaning, and they paid to have the bulk of the test run hauled off to a landfill - this is Fact).
Nulixo's 'Plan' has an X-ray fluorescence machine that uses puffs of air to sort out PVC and CPVC. That process isn't 100%, especially at 40 tons per day run-rates. Net of it is, PVC and CPVC will get through to the P2O machine. That will foul the machine, engage the caustic scrubbers in the stack, and cause a maintenance clean-out headache - Every time you run it with municipal trash.
Stupid idea. Can't work as claimed. Penny stock front loaded pump and dump exercise only.
The real proof of all this pump and dump is Marc Ragus (of Econavigation infamy) set up the nulixocorp.com web page.
The web page that can't be updated with a powerpoint.
Sham. Scam. Pumped and Dumped. Time to move onto the next sham deal.
1 million mirrors sold will require about $200 million in cash to get them built, I'd guess.
Have you seen their bank account? They don't have that kind of dough. They are unable to get any financing on reasonable terms, due to their dire financial situation.
And, when is that shipping date again for the first mirror (that we've been hearing about since January 2019)?
I don't see how they get to $3M.
3Q was $709K, to get them to $1.765 million through 9 months. 3Q is typically their largest revenue quarter, as they load up the Costcos and Sam's Clubs for holiday shopping.
The other issue is gross margins have been collapsing along with revenues. From the mid-20s percent to just under 14% through 9 months of 2020.
Yes, the mirror products will have higher margins. I just don't see them selling.
2020 will come in between $2M and $2.5M, my estimation.
They made lots of revenue before. Revenue has been collapsing since 2018, as they transition to the mirror products.
They should post the 2020 10K at the end of March, or possibly mid-April. Lots of time before we find out how bad 2020 was, revenue wise.
Let's Go Econavigation/P2O !!!
Let's Go Veridisyn/P2O !!!
Let's Go RockTenn/P2O !!!
Let's Go Al Sousa/P2O !!!
Let's Go 2500 machine Landrush 2011/P2O !!!
Checked with SAIC
They say the tanks at 1776 Allanport Rd are full of Johnny Juice that won't sell. Probably that worthless Naphtha the machines were sputtering out (from *8* years ago).
The real estate broker says PTOI should empty the tanks, and that any potential buyer should hold back $100,000 until that toxic cleanup is done.
SAIC isn't wrong about this, are they?
PTOI's process creates off-spec naphtha (blending plant full of the stuff they couldn't sell).
When it did sell, it went for half of what real naphtha cost on the market.
Melting and cracking waste plastic is Anti-Green. Bury the waste plastic, in your nearest HDPE lined landfill for Carbon Sequestration <-- actual green policy.
No sulfur, puts back O2 in the air? Specious claims, red herrings. Everything you'd expect from a decade+ old promoted stock scam.
https://capstoneconnected.com/capstone-production-update/
Launched in January 2019 at CES (with shipments to begin in 1Q2019), relaunched in January 2020 at CES again (with shipments to begin Real Soon Now).
It's now mid February 2021, and not one mirror has been sold and shipped yet apparently. You can get on a waiting list, though.
So... no Form 10?
Got it.
P2O is Anti-Green.
Turning trash plastic back to fuel, and burning that fuel is the opposite of Green.
Bury that trash plastic. In landfills. You sequester that carbon (plastic is 80% carbon by weight) for a thousand years or more.
Burying trash plastic == Carbon sequestration == The epitome of Green.
$599.00 charged March 28, 2021
Seems there's a slight delay on the Train leaving for WeeeeeeeVille.
Need a hundred bagger to get back to a 10 year CAGR of 0%.
Beyond that, another 6 bagger to get to NASDAQ index kind of return.
I want to see how they describe their main business
partnering with a healthcare business that lost their license to operate back in 2019? Or was it 2018?
Should be interesting to see what the SEC staff has to say about that.
Where's Waldo and his Form 10?
Anyone got a link to that Form 10 they're filing today?
Anyone? Anyone? Bueller?
Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
The attorney opinion letter is posted and marked Active, and yet the Yield sign stays.
I guess we can wait until Monday.
In 2006, when Stewart took over the CEO position and sold his company to Howard Ulmann/CHDT, the stock price was 8 cents per share.
I remember this, because he took a portion of his payoff in CHDT shares at 8 cents.
That's $1.20, post 15->1 reverse split.
Maybe it'll get back there soon? Still, not a good track record for the past 14+ years.
What's the DOW, or S&P 500, or Russell 2000 up, percentage wise, for the past 14 years?
Edit: DOW is up 2.74 times in the same period.
NASDAQ is up 6.10 times.
Russell 2000 is up 2.99 times.
At 0.22 per share, the market cap is a bit over $10M
They'll do somewhere around $2.25 million in sales for 2020, so P/S is over 4.0x
That seems pricey to me.
Tick Tock
No, not that insipid social media app:
https://www.tdameritrade.com/retail-en_us/resources/pdf/cesecuritylist.pdf
Tick, Tock, indeed.
I think this is Econavigation week. Or, Veridisyn.
Or Sousa in FL with his 90 machines.
Or, maybe, just maybe, the Land Rush begins this week with 2500 machines.
The only thing that makes sense given the lack of 'news' is
Wallach and/or Postal are in the market, buying shares to support the stock price.
Let's see if any Form 4s get filed...
I nakedly shorted 350,053 air shares from my trading desk on Mars.
As is my custom, I executed the trades while hanging upside down in my inversion boots.
I got a guy on the inside at Office Depot; he provides me with the empty toner cartridges that are key to printing the air shares.
I want to thank Dick Heddle once more for Going Dark. There's no way in Heck my naked upside down trades from Mars will ever be traced to me.
Honorable Mention goes to those two Great Directors, Brain and Aspin. Their inaction in rooting out the dastardly abusive naked shorting has eased my path to embarrassing riches.
It also helps that they remain in place, blocking the restart of the Flagship Money Maker, and are keeping the Magic Cultalyst all to themselves.
8904 60 Ave NW
Edmonton, AB T6E 6A6, Canada
At this address
Dance Power Competition
Cool, FRGY is into dance-offs now.
They're only about 12 years behind in their filings, so about 50 10-Qs and 10-Ks or so.
I don't think the SEC will revoke them, right?
Frontier Energy, Inc. has nothing to do with Frontier Energy Corp. (FRGY)
Just heading off the inevitable Pump and Dump to follow this frontloading...
Still not sure it applies, and we'll see a 15-15d filing
The language is a little murky. Guess we'll wait and see.
It would explain the yield sign on OTCmarkets, but that also could be the waiting period on the 15-12g, right?