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.
Is this the source of the foul odor?
When Stewart announced the association with KEI, he stated the following:
Posted five years ago this week:
(Redacted from the following post dated Friday, September 14,2007)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22877294
The excitement is underwhelming
Five year ago this week we were seeing about 35 posts per day despite a rather lackluster epoch in the company's history.
Today we have seen barely a dozen posts for the entire week.
Back then the stock was trading daily at prices at least 50% higher than today.
Progress???
Thanks for the Heads-Up Angel
That cleared up for us what otherwise would have been a "mystery trade".
Notice CAPC now trades on the Pink Sheets?
Notice that although there were several trades which reduced the size of the bid today, the size of the ask never fluctuated by a single share on any of those trades?
Kinda strange?
And the answer is >>>>>>>>>>>>
!!!MANAGEMENT!!!
Note CAPC is now quoted on the NNOTC
(NNOTC = Non-Nasdaq Over The Counter)
No, that is not a good thing but I'm confident management can come up with still another innovative excuse for their dreadful ongoing failure to inspire interest in the stock, their loss of MM representation, and the consequent reduction to NNOTC status.
Although personally, I'm getting a little tired of "Management by Excuses".
It's Alive!
!00,000 CAPC shares traded two seconds after the bell at the bid. of .01 to start the week.
Good point Flp! Could save some lives!
Do not ever depend on emergency lighting or communications equipment that cannot be directly recharged from a source other than the local power grid unless the equipment can also utilize disposable batteries!
Most small rechargeable batteries have a relatively limited capacity compared to inexpensive alkaline cells. Without power to recharge them, they quickly become useless. If their charger must be connected to a source of 110/220 - 60~ VAC, options for recharging will not exist without additional supplemental equipment which may not be readily available during emergencies. Remember, the power grid may be down for days.
The above is particularly true of Induction Charging as used in the present Capstone products.
If you wish to support CAPC by buying Capstone Lighting products, by all means, do so. Used as a night light and/or temporary flashlight or headlight they should be adequate for the purpose.
For the (hopefully never) severe disaster, back these up with replaceable battery powered LED flashlights or better still LED headlamps containing both red and white LED's. Using red LED's at night preserves night vision and are much more effective than white ones.
History Sure Can Repeat:
There was a "signal trade" at the bell.
Something Wicked This Way Comes???
Actually, it is probably a MM trying to gather shares to fill that 1.9M order.
Look for some better trading volume over the nest two days.
Thanks Townie, This may be easier to read:
http://www.chdtcorp.com/Portals/0/CAPC%20Q2%202012%20Teleconference%20Transcript%20FINAL.pdf
(Same info but a different format of the Conference Call)
Sounds Good!
I mentioned a few weeks ago having also seen them in a new Costco here in N. Atlanta, albeit a simewhat more modest display.
Go Costco!
Today (Friday) may be a pivotal day
Will yesterday's large day order reappear?
Will other new trades come in at the ask?
Will volume exceed the present daily average volume?
All of these together could indicate the beginning of positive momentum.
The determining factor IMO will be how the marketplace rates the recent conference call.
Stewart's presently in the same boat as us
But Hurricaneman, wouldn't it be logical that he would want to be commanding a big private yacht where he gets first crack at salvage rights if our little craft founders?.
Basically, the undead B-2 Stealth Shares would provide him with similar "salvage" rights whether the company should happen to be torpedoed from without or scuttled from within.
I think we all must again read and understand the provisions of the original presentation. I expect the "B-2" to re-surface if and when Postal obtains sufficient shares to guarantee control.
Again, I'm not saying it would happen, only that it could happen and .........
Forewarned is Forearmed!
Flp, you must have read my mind.
To make the part of the original limited stockholder solicitation that dealt with the preferential share treatment readable on this board I will have to do some format conversions which may take a few days. They will be exact and accurate.
It is obvious from some of the recent posts that many on the board may not be aware of the exact language in the original that some of us find extremely troublesome. I would go so far as to say it has the potential for disaster
Some may believe that because it was officially designated a "mistake", it no longer has the potential to exist.
Believe me, It ain't dead Fred!
Well Bull, I sincerely hope that potential Newbies
will utilize all avenues of DD before making a decision to invest. However, I believe that any current reluctance, or willingness to part with their money would more likely be found in a study of the history of the company, the current 10Q, and the recent conference call.
When I see positive results, I'll be happy to not only jump on the bandwagon, but lead the Band.
First however,Show me the money!
"Townie" my post was not about management.
Apparently you misread or misunderstood the subject which was the danger inherent in any approval of the so called "B-2 Stealth Preferred Stock"
Perhaps you should have quoted the entire sentence (emphasis added below):
Dizzy under the original proposed B-2 preferred solicitation
They could, for example, simply sell Capstone Industries out from under Capstone Companies, skim the proceeds into personal accounts, and never look back. There was no need for any forced liquidation or bankruptcy. They admitted there could be a "conflict of interest". (LOL)
But that expensive solicitation, pages and pages of legalese, "luckily" turned uut to be a just a mistake The solicitation, according to Capstone, was aborted never having gathered the necessary approvals. This is easily verified.
As for the CC I found myself spinning in a whirlpool of deja vu. Here again we didn't make expected revenues because those firm commitment from buyers weren't as timely as we thought they were. Sound familiar?
We were told that wasn't management's fault.
The stock price, well that's not management's fault either. (Huh?)
I am impressed by positive results, not promises. The only results I see at the moment are a miserable second quarter following a lousy first quarter,
and the stock trading at .0085
Dizzy, I believe you will find
That they need to control 50.1% of the voting shares before they can pass the issuance of the dreaded B-2 Stealth Attack Preferred.
While you may not believe they would sell the company out from under the current shareholders, the very possibility that they could do so should give you pause, and the cold shivers.
It is much better to insure that this does not happen than to suddenly find out just what a disaster occurred while we were sleeping.
It looks like many shareholders got their Surprise
This afternoon they can get the excuses.
The bid is at .0085 and the ask fell to .01. 10,000 shares just sold at the bid but nobody's buying.
Party On!
Opened down at .0085 on a minor trade.
Scarcely the sort of thing dreams are made of on a day when earnings are to be announced.
Maybe they know something you don't?
Or not.
But it is strange to see CAPC stock on the day preceding an earnings report sitting dead in the water with no activity whatsoever one and a half hours into the day.
(By the way Bull, the Conference Call is two days away. Earnings are to be reported after the close Tuesday followed by the CC on Wednesday at 1:30pm.)
Perhaps he meant "Capital Infusion"?
The term "Cash infusion" really doesn't make sense in an established and ongoing corporate operation unless it does involve some venture capitalist bailing out the company from a cash poor position ...and that would require the transfer of capital stock for collateral. (such as the "preferred shares" you mentioned)
If we were talking about a loan, it should be called a loan, not a cash infusion.
"Capital Infusion" however is a technical term for the transfer of funds, for example between divisions of a corporation where a profitable cash-heavy division transfers "capital" to a weaker, cash-poor sibling.
Maybe the mysterious Asian Division is going to throw some money at the domestic operation?
Yeah, Right!
I believe it's a "Wait & See" syndrome.
This past quarter, perhaps as much or more than any other, has been marked by a paucity of news releases that could be considered guidance. Investors, existent or potential, may well be confused (or perhaps the better word is "confounded") as they lack direction upon which to base their investment decisions.
Personally I feel that the upcoming Q2 results and the associated Conference Call may mark a crossroads in the future of the company.
Good results, a "positive surprise", would do much to enhance the image of management. A second quarter of poor results however could signal that it is time for shareholders to take a much more active role in assisting the current management towards transparency and profitability.
The current small trades at the bid or ask are essentially meaningless. The present drill is to wait and see the results, the explanations, and the subsequent stock action to determine what we really have here in this company at this time.
Flp and Rvd, Belay this mordant exchange!
CAPC shareholders are trying to sleep.
Opened at 9:56 on 7000 Shares at .0081
The excitement builds!
Don't be discouraged, even after this sudden buying frenzy there are still a quarter of a million shares of CAPC available to you at the low, low asking price of only .012. Hurry, this offer may not last.
Look on the bright side
What a magnificent Tax Loss that could be to apply against your capital gains on your other well managed, profitable stocks
Wheeeee!
That's a very good point RVD
I don't anticipate much action this week
As you said, folks are waiting for the numbers. Perhaps we will see a slight flurry of activity Friday - Monday in anticipation of earnings as is common.
If they pull off a positive "well kept secret surprise" my hat will be off to them.
DanntMac, you make a good, if frightening, point
As Flp has stated, Capstone certainly doesn't have squat in the way of assets that a competitor would want but they do have a certain "nuisance value" in the marketplace. And their Chinese supplier relationship might be of interest to supplement a takeover company's playtoys.
So a sale of the company at even the present low capitalized value might make sense if a only handful of directors stood to profit from same. If these directors/insiders granted themselves shares of a new "B2 Preferred Stock" with highly selective liquidation rights, they could benefit from a "fire sale" of the corporation even while the average shareholder receives nothing, or a tiny pittance for his shares.
To do this, the group would have to control 50.1% of the outstanding shares.
Jeffrey Postal is trying to buy 50M Shares.
Wallach has a history of taking a controlling interest in companies and then selling them.
A previous attempt to vest control in Wallach and Postal and allow them virtual unlimited power to sell off the operating division to themselves, or others, failed and was officially deemed a mistake!
Draw your own conclusions.
Questions for Capstone Conference Call? Contact KEI Advisors.
Deborah Pawlowski has advised that she will welcome questions submitted in advance of the upcoming Conference Call. Her contact information is:
Deborah K. Pawlowski
Kei Advisors LLC
P: 716.843.3908
dpawlowski@keiadvisors.com
You can also participate directly in the CC by dialing (201) 689-8562.
Good Morning CAPC, Quarter-million shares up for grabs
This morning at 10:20am we have a special on CAPC shares. You can be the proud owner of 254883 lightly used shares for the incredible bargain price of only .012 cents each.
Hurry!
Don't miss this opportunity!
Operators are standing by!
Good Morning CAPC, Ready for another exciting day?
If any are surprised at the current action, or lack thereof, involving CAPC, they should not be. This exact scenario was accurately forecast weeks ago.
It was stated, and repeated, that the stock would drift slowly down, and even trade sub-penny,in anticipation of 2nd quarter results. It was also specifically pointed out that the name and symbol change, along with the improved corporate websites, were nice "tools" to supplement more specific product development and sales data but, of themselves, would have little effect on the stock action.
It would be nice to believe, as Bull has surmised, that the lack of guidance may be because the company is saving up a basket of good news to supplement record breaking quarterly results and have kept "mum" so as not to ruin the surprise.
Hope springs eternal!
Good Find Vorticity
As to this:
Good Morning CAPC
About two weeks and counting!
Yep, Some definite "strange" in recent trading
Perhaps someone suspended the rules of supply and demand when we weren't looking? Last week's high volume trading made no sense price-wise and the strange behavior today followed suit although at a reduced volume. The ask "size" also bounced around with the unexplained drop in the Ask to .0115.
Maybe Jeffrey went "Postal" on us again?
Sort of a "yawner" day
Interesting though that while the Bid stayed stuck at .0081 almost the entire day, all trades were closer to, or even at, the Ask.
At least, for the moment, the recent bleeding seems to have abated.
That ties in with this article:
http://www.businesswire.com/news/home/20120412005152/en/CHDT-Corporation-Launches-Subsidiary-Hong-Kong-Drive
It appears that he bought his 1.5M shares exactly two weeks ago so apparently he was not part of last weeks flurry.
Nice to see him participate.
Looks like we survived the recent panic attack
Bidding started off today with a bottom feeder offering 0.005 but the bid has since crept up incrementally to 0.010, or 100%.
Sellers have not been tempted, holding firm at around 0.0110 to 0.0113 Ask
Trading has been essentially zip at 6100 shares.
Things look rather unexcitingly normal at the moment.