says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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If CAPC was concerned about where the stock was listed,
they shouldn't have let it fall off of OTCQB onto the Pinks.
I don't think they care.
Only a couple of problems with this 'new' Madison County 'deal'.
Madison County collected and sent plastic waste to JBI, as a part of their original 'deal'.
The waste fouled the machines, taking them offline for cleaning. JBI paid to have the balance of the waste hauled away to the landfill. Madison County nixed their deal with JBI, because JBI wanted cleaner, pre-shredded waste.
Madison County figured they could generate enough plastic waste to send 20 tons to JBI quarterly, or about enough material to run *one* processor for one day, each quarter.
Yeah, this sound like a great 'deal'. Let the dumping commence!
I don't think Involve LLC wants to be Involved anymore
When they originally invested, they were supposed to get two board seats as a part of the deal.
They never got those seats. Also, by converting their preferred shares to common, they lost their liquidation preference.
I think they converted to 'bail' on this investment. Yes, as you've noted, it will be hard for them given the lack of liquidity.
I'd watch for flurries of sales, where bids get taken out. This has happened already (remember when it hit 0.009 in July?). I believe that's Involve LLC getting un-involved.
Plenty more shares to go. It's not helping that CAPC will likely post another loss for the year.
Wait Til Next Year!!! Yeah, I know...the old rallying cry. Good Luck, Salve.
It's pretty clear to me that Buying and Holding CHDT/CHDO/CAPC
for 9 years has been a losing proposition, based on the 9 year chart.
This is all on Wallach, CEO for the last 9 years.
The 9 year chart speaks for itself: Buying and Holding has been a bad idea.
Can you show me on that 9 year (or 10 year) chart
where a Buy and Hold strategy would have paid off?
Thanks in Advance.
Thanks for the 6 month chart.
Let me reiterate what I said: Buy and Hold has not been a winning strategy with CHDT/CHDO/CAPC.
I don't see anything in your 6 month chart that refutes that.
This month marks 9 years since Stewart Wallach became CEO.
His track record speaks for itself. Buy and Hold has not been a winning strategy with CHDT/CHDO/CAPC. Bring up a 9 year chart to convince yourselves.
Currently, the financial position of the company is poor (just looking at Current Accounts). It remains to be seen how successful the Hoover branding strategy will be. Or what that branding will cost them, for that matter.
To make matters worse, Involve LLC converted 67 million shares recently. They can sell those shares at any time. Their cost basis is about a penny.
DOW down 3.5% currently
CAPC down 13.22% currently
Cogently stated, DD
To that, I would only add: pay attention to the current accounts.
Current liabilities exceed current assets by ~$2.1 million. They've handled this gap recently by paying off short term loans with money from new short term loans.
They can't keep this up indefinitely. The last time current accounts got out of whack, Involve LLC stepped up with a $700K investment, which filled the gap. I believe the share price is now under pressure from the new supply of shares (Involve LLC converted their shares to common in May - 67 million shares).
This time around, my gut says some short term loans will be repaid with shares, either preferred or common, directly to the lenders (management).
It will give them absolute voting control. Maybe Wallach takes CAPC private after that.
Morning L2 Enlightenment
0.153 5,000 VNDM
Divide 0.153 by 3 and you get 0.051
Ipso Facto, today's target is 0.051.
What's the date on that share structure you have?
Reporting shells are worth something. Non-reporting shells need to be brought up to reporting status before a buyer could sell under Rule 144.
That's what makes FRGY worthless. Eventually, the SEC will get around to revoking the registration, for failure to file. Keep buying!
Remember when we 'turned the corner' in 2013?
Ahhh, good times.
In any event, Stewart gets paid (plus he gets 1% per month on his money that he lends).
I might get 1% for a 1 year CD.
They need to return to profitability to start eating away at their upside down Current Accounts.
In the alternative, they sell more Preferred shares to cover the difference. Remember the last time they did that? You should. Involve LLC, currently liquidating their 67+ million common shares. That was for a $700K investment.
Total Current Assets 2,798,555
Total Current Liabilities 4,918,661
$2.1M upside down. Say they sell 3,000 preferred shares for $2.1M, convertible into common at, let's say 0.007 per common share. That's only 300M more shares. Gonna need an increase in AS.
dd, much of the new short term loans is used to repay older short term loans
1% per month is pretty good money for Stewart and the Gang. It's good to be the King.
BS.
All 950M shares are in the float; there's nothing for a purchaser to buy. If they did somehow manage to get their hands on some leftover restricted shares, they could not sell those until the company was brought back up to reporting status.
The cost of that makes the shell worthless.
In the 220+ days since they contracted with EcoNavigation LLC, in part to complete a pilot run...
How many pilot runs have they completed? What was the outcome? Did it spur any machine sales?
Are the parts for #4 and #5 still being held at the manufacturer's plant for lack of final payment?
The shell is non-reporting and therefore 'worthless'
So forget your R/M idea.
Only thing left to do here is revoke the stock registration for failure to file.
The benefit to holding preferred is the liquidation preference, .0103 per common share, or $700,000 for 1000 preferred.
Could be they want some return on their investment. Anything above .0103 is a gain for them. Of course, without ready buyers, they're kinda screwed if they want to sell more than a couple of 100K per day/week.
Ahhh, there it is
Maybe they should update their pinksheets profile then.
http://www.otcmarkets.com/stock/CAPC/profile
Contact Info
350 Jim Moran Blvd
Suite 120
Deerfield Beach, FL 33442
Website: http://www.capstonecompaniesinc.com
Products still missing:
http://www.capstoneindustries.com/index.php/product-category/power-control-led-indoor-lighting/
http://www.capstoneindustries.com/index.php/product-category/power-control-led-outdoor-lighting/
Remember all the New Website Hoopla?
Still only showing Capstone branded LED lights. I don't see any Hoover branded products on the website yet.
http://capstonecompaniesinc.com/brands/categories/
Weeeeeeeeee!
admit to buying the 373 shares
Sweet! If those were Involve LLC shares you bought, you just made them a nice $3.06 profit on those shares.
At this rate, Involve LLC will have unloaded all 67.9 million shares in about 182,037 trading days, or about 728 years.
Weeeeeeeeeeeeeee!
They didn't purchase 68 million shares, they purchased 1000 preferred shares, with liquidation rights worth $700 per share
And conversion to common at .0103 per common share for the $700K investment.
As long as the price stays above .0103, they can liquidate at a gain. Also, since they hold less than 10% of the common, they don't have to file Form 4s when they do sell. Maybe that's why they never took their two Director seats on the board they were due.
Salve,
How do you read their unwillingness to pony up $10K to be an OTCQB stock?
Wise stewartship, or, they don't care about common shareholders, and cast them into the pink morass?
So...did Econavigation take delivery on their two PTOI processors yet?
Is the Money in the Bank?
Did PTOI even pay off the balance on the kilns and distillation towers? How are they going to sell processors if they don't even pay their suppliers for the components?
Let's just focus on Econavigation and the 6 processors they were supposed to buy (2 processors immediately after the 120 day pilot run).
Done Deal?
Or, yet another Sham Deal?
Team Bordynuik........
12. While Bordynuik was raising funds on behalf of JBI, he established a trust for the benefit of his
two minor children (the “Childrens’ Trust”), which was subject to a formal trust agreement.
13. Bordynuik caused shares of JBI or John Bordynuik Inc. to be irrevocably settled on his mother as
trustee of the Childrens’ Trust. The Childrens’ Trust held those shares in a securities account at RBC
Dominion Securities (“DS”).
14. Having irrevocably settled JBI shares in trust Bordynuik then directed his mother as trustee to
transfer the shares out of the trust account at DS to a number of transferees whom he designated, contrary
to the terms of the formal agreement governing the Childrens’ Trust.
15. Bordynuik adopted this practice, which violated the terms of the Childrens’ Trust, so as to put
free trading and not restricted stock, in the hands of third parties.
----
http://www.osc.gov.on.ca/documents/en/Proceedings-SET/set_20140128_bordynuikjw.pdf
Can we just stop beating the dead horse? It is a waste of everyone's time.
Yeah. Pay no attention to that man behind the curtain who walked away with millions of shareholders' dollars, all based on fraudulent claims and sham deals with shady partners.
Wink Wink Nudge Nudge, don't blame the guy that enriched himself via a green energy scam.
Just sit there quietly and take it.
I see shares are still being issued to unnamed 'consultants'
Look for the game to change to covering Bordynuik's getaway with the loot. The company is effectively shut down, a shell. The only thing left is to finish off the grift successfully.
Be ready to be regaled with stories about the virtues of St. JohnB.
The best cons leave the marks clueless about being taken.
Let's Throw Heddle Under Da Bus!
Interestinger and Neato! Hey, maybe you can help them find that RockTenn Addendum that was locked in the filing cabinet for safe keeping. You know the one...
CAPC is about to post the 1st Quarter results
While we wait for the thrice delayed website.
If past is presage, the new website is a sell event. Let's see how it goes. CHDT/CHDO/CAPC's track record is pretty consistent, though.
1Q2015 due in less than two weeks, 5/15/2015. We've already been told that sales will be weak, because of the new Hoover branding effort. How weak, is anyone's guess.
So, in your mind, Newey is relevant to CAPC, and a legitimate topic of discussion?
Why did you state otherwise?
www.newey.hk/gallery.htm
A good look at some of the current Capstone products (Eco-i-Lite, Desk LED lamp, eReader LEDs), and some of the ill-fated past Capstone products (STP Tools Tire Inflator, STP Tools Boombox/Jumpstarter), and some of the possible future products (LED bulbs).
The server at stptools.com can't be found, because the DNS lookup failed. DNS is the network service that translates a website's name to its Internet address.
Ahhh, I remember other website rollouts. Here's hoping the latest doesn't end up costing Shareholder Equity $$$, like STPTools did.
The server at www.takeanyware.com can't be found, because the DNS lookup failed. DNS is the network service that translates a website's name to its Internet address.
Anyone remember the website rollout for Personal Pocket Safe and Secret Diary?
Ummm, it was 'dismissed' according to the settlement deal struck last August.
Float = Float + 3.0 million
Snap up those fraud divvy shares, everyone!
Oh, Frabulous Day.
So, let me get this straight:
Of the 120 odd tons of feedstock they received in 2014, only 16% of it was useable in the Flagship #3 processor. The separated out 84% was recycle grade, and sent to Canada.
Remember all the nonsense claims about Free Feedstock? All BS. They require a grade of plastic *above* recycle quality.
Also, remember how the petcoke was going to be a valuable commodity? They paid to landfill 110 tons of it in 2014.
What a load of crap this stock promotion turned out to be.
Neato.
Just what did these people do besides cash a check every week ?
Wash/wax the bosses Hummer, AcuraMDX, and Escalade?
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that its wholly-owned subsidiary, P2O Marine, Inc., and Rick Heddle's RWH Marine Consulting, Inc. have signed a definitive contract for a P2O ship development Joint Venture.
The agreement states RWH will provide the use of their expert services and equipment to the Company. P20 Marine, Inc. will finance the acquisition and construction of P2O ships and the parties will share the net revenue from the operating ships. The agreement requires RWH to provide technical support and maintenance and requires P20 Marine, Inc. to provide P2O processors and P2O knowhow. Both parties have agreed that costs should be minimized so that the net revenue enjoyed by both companies is maximized.
RWH has dry docks, maintenance crews, and necessary machines, and will provide the technical know-how and retrofitting skills to effectively execute the JV plan. See http://heddlemarine.com/">http://heddlemarine.com.
=====
Are you saying Rick Heddle, the current CEO of PTOI, entered into this agreement, not intending to follow through on it?
That makes it a sham deal. Dialing 1-800-WELLSNOTICE