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OTCQB Certification
I, James G. McClinton, [Chief Executive Officer] of [Capstone Companies, Inc.] (“the Company”), certify that:
a. The Company is registered or required to file periodic reporting with the SEC or is exempt from SEC registration as indicated below (mark the box below that applies with an “X”):
[ X ] Company is registered under Section 12(g) of the Exchange Act
[ ] Company is relying on Exchange Act Rule 12g3-2(b)
[ ] Company is a bank that reports to a Bank Regulator under Section 12(i) of the Exchange Act
[ ] Company is a bank that is non-SEC reporting but is current in its reporting to a Banking Regulator [ ] Company is reporting under Section 15(d) of the Exchange Act.
[ ] Other (describe)
b. The Company is current in its reporting obligations as of the most recent fiscal year end and any subsequent quarters, and such information has been posted either on the SEC’s EDGAR system or the OTC Disclosure & News Service, as applicable.
c. The Company Profile displayed on www.otcmarkets.com is current and complete as of August 23, 2016 and includes the total shares outstanding, authorized, and in the public float as of that date.
d. The following is a complete list of attorney(s) and law firm(s) who advised or assisted in the preparation of the Company’s most recent annual report, including in-house counsel: (If no attorney assisted in putting together the disclosure, indicate the person or persons who prepared the disclosure and their relationship to the company.)
PW Richter, PLC. Attention: Paul Richter, Richmond, VA
e. The following is a complete list of third party providers, including names and addresses, engaged by the Company, its officers, directors or controlling shareholders, during the period from the Company’s prior fiscal year end to the date of this OTCQB Certification, to provide investor relations services, public relations services, or other related services to the Company including promotion of the Company or its securities:
Kei Advisors, LLC, Buffalo, New York
f. Listed below are the names, legal addresses and % of shares owned by all Officers, Directors and Control Persons (control persons are beneficial owners of more than five percent (5%) of any class of the issuer’s equity securities). If any of the beneficial shareholders are corporate shareholders, the name and address of the person(s) owning or controlling such corporate shareholders and the resident agents of the corporate shareholders must also be included.
Name
Address (City and State only)
% Shares Owned
Stewart Wallach
Delray Beach, FL
20.4%
Jeffrey Postal
Fort Lauderdale, FL
17.8%
Jeffrey Guzy
Arlington, VA
0.1%
Larry Sloven
Deerfield Beach, FL
0.1%
James G. McClinton
Davie, FL
0.1%
OTC Markets Group Inc. April 28, 2016
Date: 07/15/2016
Name of Certifying CEO or CFO: CFO
Title: Chief Executive Officer
Signature: /s/James G. McClinton
(Digital Signatures should appear as “/s/ [OFFICER NAME]”)
NEWS RELEASE_ SPLIT FOR JULY 25, OTCQB August 22-- UPLISTING
Capstone Companies, Inc. 350 Jim Moran Blvd, Suite 120 Deerfield Beach, FL 33442 FOR IMMEDIATE RELEASE
Capstone Companies, Inc. Announces Effective Date of 1:15 Reverse Stock Split and Up-listing Plan to OTCQB Venture Market
DEERFIELD BEACH, FL, July 21, 2016 – Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today announced the effective date of the previously announced 1-for-15 reverse split of common stock. The Company has also announced that it plans to list its common stock on the OTCQB Venture Market Exchange, effective August 22, 2016.
Stewart Wallach, Capstone’s President and CEO commented, “These are important steps in our strategy to broaden our exposure to the investing community and enable us to communicate our promising growth trajectory and strengthening financial performance to a larger audience. With the reverse stock split our expanding earnings will be significantly more obvious on a per share basis. We believe this will result in greater interest in our exciting story.
“By up-listing from the OTC Pink and onto the OTCQB Venture Market, investors can have confidence in Capstone because we must meet the strict listing standards of the OTCQB. We believe that the reverse split and subsequent up-listing will ultimately draw more eyes to our strong fundamentals and prospects for top- and bottom-line growth.”
The previously announced 1-for-15 reverse stock split will become effective at the opening of trading on Monday, July 25, 2016, when its common stock will begin trading on a post-split basis. The reverse split will reduce the number of Capstone’s common shares outstanding from 722.0 million shares to 48.1 million shares, and the share price as of the closing of trading on Friday, July 22, 2016 will be proportionally adjusted upwards.
Market capitalization does not change as a result of this reverse split. On the effective date of the reverse split, every 15 shares of issued and outstanding common stock will be converted into one new share of common stock, which will be assigned a new CUSIP. Capstone will retain its ticker symbol, “CAPC.” Fractional shares resulting from the reverse split will be rounded up to the nearest whole share. Shares of Capstone’s common stock will trade with a “D” appended to its ticker for 20 trading days following the split to signify that the split has occurred.
Capstone has received approval from the OTC Markets, pending the receipt of listing fees, for its common stock to be up-listed to the OTCQB Venture Market exchange. A critical requirement for approval to be listed on the OTCQB Venture Market is that the issuer be current with its financial disclosures with the Securities and Exchange Commission, which Capstone has been for several years.
Shareholders of record will not be required to take any action in connection with the reverse split and will see the impact of the reverse split automatically reflected in their accounts on the effective date. There will be no change to the voting power or percentage of total ownership of any stockholder as a result of the reverse split.
-MORE-
Capstone Companies, Inc. Announces Effective Date of 1:15 Reverse Stock Split and Uplisting Plan to OTCQB Venture Market
July 21, 2016
Page 2 of 2
FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like “anticipate,” “expect,” “project,” “continue” and similar words. These statements are based on the Company’s and its subsidiaries’ current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward- looking statements, include consumer acceptance of the Company’s products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. Prior success in operations does not necessarily mean success in future operations. The ability of the Company to adequately and affordably fund operations and any growth will be critical to achieving and sustaining any expansion of markets and revenue. The introduction of new products or the expanded availability of products does not mean that the Company will enjoy better financial or business performance. The risks associated with any investment in Capstone Companies, Inc., which is a small business concern and a "penny-stock Company” and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the risks and uncertainties more fully described in the Company’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Capstone Companies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Contents of referenced URLs are not incorporated into this press release.
For more information, contact
Company:
Aimee Gaudet Corporate Secretary (954) 570-8889, ext. 313
Investor Relations:
Garett Gough, Kei Advisors LLC (716) 846-1352 ggough@keiadvisors.com
KOCH EXECUTES FUNDING AND DEVELOPMENT AGREEMENTS WITH AC KINETICS, INC. TO COMMERCIALIZE INNOVATIVE MOTOR DRIVE SOFTWARE
ARMONK, N.Y. and WICHITA, Kan. (July 11, 2016) – Koch Minerals, LLC, a subsidiary of Koch Industries, Inc., announced today that it entered into strategic agreements with AC Kinetics, Inc. to commercialize run-time motor control software for variable frequency drives (VFDs) operating alternating current induction motors.
This new control architecture integrates nonlinear optimization with VFD motor control for all drive applications, including those requiring rapid transient response, limited overshoot and settling time, and insensitivity to load disturbances. The advanced software, supported by real-time adaptive algorithms, will run on standard VFD hardware. Certified lab and field tests demonstrate total energy savings of up to 50 percent, while maintaining motor drive performance in both steady-state and dynamic operating environments.
The demand for this software includes drive manufacturers and VFD end-users in commercial, industrial, manufacturing, and transportation markets, whose drives and motors consume nearly one half of the industrial power produced globally.
“As a large user of VFDs, Koch quickly recognized the value of AC Kinetics’ software including improved motor energy consumption, reduced motor temperatures, and the potential for extended motor life,” said Jason Russell, Director of Business Development, Koch Minerals, LLC. “We are excited about the certified lab test results, end-user feedback from field testing, and ongoing licensing discussions with drive manufacturers.”
Led by a team of leading motor control experts, AC Kinetics has licensed patented motor control vibration reduction software worldwide for more than 25 years. Licensees include NASA, DOE, Danaher, Magnetek, Physik Instrumente, ACS Motion Control, Agilent/HP and Seagate. For more information, including certified test results, visit www.ackinetics.com.
Based in Wichita, Kan., Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, biofuels and ingredients forest and consumer products fertilizers polymers and fibers process and pollution control equipment and technologies electronic components commodity
trading minerals energy ranching glass and investments. Since 2003, Koch companies have invested more than $80 billion in acquisitions and other capital expenditures. With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,000 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and stories, visit www.kochnews.com.
Contact:
we....need.....news....Mr. Wallach.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------------------------------------------------------
FORM 8-K
------------------------------------------------------------------------
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
Earliest Event Date requiring this Report: June 8, 2016
------------------------------------------------------------------------
CAPSTONE COMPANIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
------------------------------------------------------------------------
FLORIDA
000-28331
84-1047159
(State of Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
350 Jim Moran Blvd.
Suite 120
Deerfield Beach, Florida 33442
(Address of principal executive offices)
(954) 570-8889
(Registrant's telephone number, including area code)
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Amendment to Articles of Incorporation. On June 8, 2016, the Capstone Companies, Inc., a Florida corporation and the registrant, ("Company") filed an amendment to its Amended and Restated Articles of Incorporation ("Amendment") with the Secretary of State of the State of Florida, which amendment is attached hereto as Exhibit 3.1 to this Report. The Amendment was approved by Company shareholders on May 24, 2016 and the Amendment provide for: (1) a 1-for-15 reverse stock split ("Reverse Stock Split") of the Company's Common Stock, $0.0001 par value per share, ("Common Stock") and (2) amending Article VI of the Amended and Restated Articles of Incorporation to allow the Company board of directors to change certain provisions of the Amended and Restated Articles of Incorporation in the future, to the limited extent allowed under Florida law and without shareholder approval or consent.
Effectiveness. The Reverse Stock Split will not be effective in the marketplace for the Common Stock until approved by the Financial Industry Regulatory Authority or "FINRA." The Company filed for FINRA approval of the Reverse Stock Split on June 1, 2016, which application is pending FINRA review and approval as of the date of this Report. The Company mailed the Information Statement for the Amendment to Common Stock shareholders on June 6, 2017 and, as such, the Amendment will be effective for federal law purposes as of June 27, 2016. Subject to FINRA approval, the Reverse Stock Split is anticipated to be effective for the Common Stock's marketplace on or about July 22, 2016, or such other date allowed by FINRA.
SO- July 22 is target date.
NEED NEWS> to break out.... holding up nicely...
NEED NEWS!!!!
"the sales year-to-date and our current backlog resulted from our product development efforts which we conducted in 2015. I am pleased to inform you that the current backlog with ship dates in the second quarter is anticipated to generate revenue upwards of $8 million. This will be a record second quarter for the company and equally as important our third quarter backlog is outpacing our performance in the same period 2015."
Third quarter 2015 was 8 Million.
So they will have almost 20M (or more) in 3 quarters (already announced 2 plus 8 plus 8.)
Sounds like 20M is VERY conservative, could be 25-30Million for the year.
Stewart stated this does not include power control products or new items introduced
at the show.
At 29.5% gross profit as a percentage of sales- accountants out there- potential profit? PE?
Conference summary- highlights
-Strongest record backlog entering into q2
-Q4 hoover role-out exceeded all expectations, promotional plan extended by hoover from second quarter 2016 to 2017
-capstone brand still gaining traction
-sales 2.1M, up from 700K
-international sales 1M in the quarter
-Hong Kong sourcing instrumental in stabilizing production costs
-614 gross profit, 29.5% as percentage of sales (including promotional allowances)
-initial royalty payments to hoover 31K
-borrowing capacity should be sufficient to manage orders and operating activity
-product launches do not immediately effect revenues and will not materially impact
until 4th quarter 2016 or first q 2017
-2nd quarter revenues should exceed 8M
-3rd quarter is outpacing 3rd quarter in 2015
-Excess of 20M for 2015
-Now taking a strong long look at share price, allocating time and resources
towards achieving a "rightful and deserving share value" with increased communications to shareholders in the months ahead
-CPC has received patent/"notice of allowance" issue and imminent (capstone power control)
-international sales gaining traction, specifically new potential accounts in australia and new zealand
- has plans to address board of directors and independent board of directors
-Total sales 2015 15.9M 2016 "In excess of 20M"
-Shake out in price of LED less important as the company is avoiding "commodity products"; power failure bulbs release was postposed and reestablished with lower cost manufacturers; lower price CPC bulbs presented at show and "should be a very exciting launch."
- The share price is a PRIORITY to be "immediately addressed" in the next DAYS and WEEKS, not months, to reflect present and future value
- There is a very good possibility that 8M back log is understatement as six weeks are still left in quarter
-The lack of a primary market maker is being addressed as part of a comprehensive strategy to have stock price gain traction in the market place "but it is premature to discuss details."
-Present sales predictions (greater than 20M) do not include CPC bulbs or new products
-"Again, you can expect announcements in the days and weeks ahead, not months ahead."
Accuracy attempted but not guaranteed.
Capstone Companies Announces First Quarter 2016 Financial Results and Conference Call
By adminMay 3, 20160 commentsCompany News
FOR IMMEDIATE RELEASE
DEERFIELD BEACH, FL, May 3, 2016 – Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, announced today that it will release its first quarter 2016 financial results after the close of financial markets on Monday, May 16, 2016.
The Company will host a conference call and webcast, in which President and Chief Executive Officer Stewart Wallach and Chief Financial Officer Gerry McClinton will review the Company’s financial results, as well as the Company’s strategy and outlook, followed by a question-and-answer session.
Q1 2016 Financial Results Conference Call
Tuesday, May 17, 2016
10:30 a.m. Eastern Time
Phone: (201) 689-8562
Internet webcast link available at: www.capstonecompaniesinc.com
What exactly does that mean?
Thanks Townie. Have a link to dictated recent quarterly conference?
NEWS NEWS NEWS
Capstone Companies, Inc. 350 Jim Moran Blvd, Suite 120 Deerfield Beach, FL 33442 FOR IMMEDIATE RELEASE
Capstone Companies, Inc. Announces Record Preliminary 2015 Revenue
Strong first quarter 2016 revenue expectation of $1.6 million from better-than- expected backlog driven by strong end-user demand for new products
DEERFIELD BEACH, FL, February 17, 2016 – Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today announced record preliminary revenue of $15.6 million for 2015. Preliminary results were higher than the Company’s previous expectation of $15.5 million in revenue. Fourth quarter revenue of $6.9 million was driven by holiday re-order activity.
First quarter 2016 revenue is expected to be $1.6 million, measurably higher than the Company’s expected year-end backlog of $1.0 million, representing significant year-over-year growth. Due to seasonality related to the holiday season, the first quarter typically has lower volume than the trailing fourth quarter.
Stewart Wallach, President and CEO of Capstone, commented, “Our sales growth validates our international expansion and new product development strategies. Capstone LED lighting products are now available on four continents and we are excited by the growing interest we are realizing in international markets. With the solid backlog we have starting 2016, we believe we can now demonstrate a streak of quarterly revenue growth.”
He added, “Through continuous expansion of our product lines and our ability to rapidly scale up our manufacturing to serve growing customer demand, Capstone is positioned to become a prominent player in the lighting industry while selling our familiar Capstone Lighting® products as well as our new line of LED lighting products under the exclusive N.A. trademark license for the Hoover? HOME LED brand.”
The company anticipates reporting its 2015 fourth quarter and full year results on Wednesday, March 23, 2015.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing, logistics, and distribution of consumer and institutional products, including the Hoover® HOME LED lighting product line, to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like “anticipate,” “expect,” “project,” “continue” and similar words. These statements are based on the Company’s and its subsidiaries’ current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to
-MORE-
Sam’s Club Hoover Multi-Color LED Accent Lights with Remote Control (5 pack)
by Hoover | Item #: 711148 | Model #: H1403-080504 |
Be the first to write a review
Hoover Multi-Color LED Accent Lights with Remote Control (5 pack)
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Got an L2? Path to .03? Thanks.
PS Market close .0285
My bid at .031 was never filled.
That's interesting diz. I put in for 10k at .031 when the bid/ask was 0.028/.032
I got a partial fill.
But the bid/ask now is .025/.032
Where is my bid? They say bid .0251. I remain unfilled at .031
Symbol
CAPC
LastQuoteHelp
0.032
Change
-0.001 (-3.03%)
Bid
0.0251
Ask
0.032
High
0.032
Low
0.0197
Volume
478,220
Time (ET)
3:54:41 PM
Refresh
Trade
Buy 10,000 Shares Limit $0.031 Expires on 01/15/2016 3:46 PM 11/16/2015
Bought 2,000 $0.031 Settles 11/19/2015 3:47 PM 11/16/2015
Q is out. Looks promising. Tomorrow should be interesting.
A profitable year, it would appear....
Bid 0.028
Bid Size 123000
Ask 0.032
Ask Size 20000
As of: 11/16/2015, 1:42pm
Last Trade [tick] 0.0280[+]
Net Change -0.0050
Net Change % -15.15%
Volume 317,320
Bid 0.0280
Bid Size 123000
Ask 0.0300
Ask Size 10000
52 Week High 0.0370 on 11/17/2014
52 Week Low 0.0090 on 07/07/201
Last [Tick] $0.021[+]
Change Up $0.0011
% Change Up5.53%
Bid [Tick] $0.02
Bid Size 193320
Ask $0.021
Ask Size 10000
Open $0.019
Volume 150,680
Day High $0.021
Day Low $0.019
Previous Close $0.0199
Prev. Close Date 11/04/2015
You gotta link?
Hey Salve,
On one hand, another nail in the coffin.... misses the point.
A very small nano-cap put together a whole new line of products in one year.
Bumps in the road for sure.
If it is really a smart light bulb with power outage/battery back up it could be huge.
The rest of the line- it's a huge step up.
Full Expanded Line of LED Sconce Night Lights
Feature-Rich Vanity Lighting
Capstone Power Control LED Light Bulbs
Coach Lights
Security Lighting and more…
- See more at: http://globenewswire.com/news-release/2015/04/30/730824/10131727/en/Capstone-Industries-to-Debut-Largest-Product-Expansion-in-Company-History-at-2015-National-Hardware-Show.html#sthash.LfmnyqTR.dpuf
To get approval, get technology aligned- this fast- is unbelievable.
They might slip on (important) details but no one has mentioned the opportunity if the line is right.
Capstone Companies Assigned Power Failure Lighting Patent Application
By adminFebruary 6, 2014 commentsCompany News
“Imagine your lights staying on when the power goes out!”
New proprietary technology provides roadmap for expansion of power failure lighting solutions
Enables expanded solutions offering for outdoor coach lights and outdoor security lights, as well as bath vanity lights and recessed lighting applications
DEERFIELD BEACH, FL, February 6, 2014 – Capstone Companies, Inc. (OTCQB: CAPC), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, announced today that its wholly-owned subsidiary, Capstone Lighting Technologies, LLC, has been assigned the power failure technology patent application filed on January 3, 2014, by inventors Neil Singer, PhD, Ken Pasch, PhD and John Granada, from AC Kinetics and Stewart Wallach, CEO of Capstone Companies Inc.
The proprietary technical attributes of the technology enables unique power failure detection, switch controlled properties, as well as thermal protection. Notably, it is applicable for a broad variety of lighting fixture configurations. With this innovation Capstone plans to expand its product line into a larger and more diverse offering of stylish indoor and outdoor lighting fixtures, which combine day-to-day lighting solutions with the safety of power failure lighting capabilities. It can be incorporated into almost any lighting fixture design including standard bulb socket adapters, ceiling can lights, track and counter lighting, lamps, chandeliers and other indoor and outdoor lighting fixtures.
Stewart Wallach, Chief Executive Officer of Capstone, commented, “Today is another important milestone for Capstone and represents the culmination of over 14 months of collaboration with AC Kinetics. With this groundbreaking technological innovation, Capstone is capable of providing seamless, integrated power failure lighting solutions while maintaining the design and style of the primary lighting fixtures. Imagine your power going out, but the lights functioning throughout your home just as they would when power is available.”
When power failure occurs it activates the technology’s power failure lighting solution. Lights using the technology can be operated on an as needed basis. This feature enables the user to conserve their power failure resources providing lighting solutions capable of spanning long periods of extended power outages.
By incorporating a thermal overload safety protection, the proprietary technology can be used in applications with insulated lighting fixtures including ceiling cans or small closets.
In closing Mr. Wallach noted, “We believe this is a unique solution which we expect to assume a lead role in the power failure lighting industry. We are now capable of providing the safety of power failure lighting solutions without compromising the style and design of an interior or exterior space.”
Capstone expects to debut the initial products incorporating this groundbreaking power failure lighting technology ahead of the 2014 Hardware Show in Las Vegas, NV on May 6, 2014.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing, logistics, and distribution of consumer and institutional products to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
About AC Kinetics
The AC Kinetics, Inc. team has worked together for over 25 years, and its members jointly and independently commercialized new technologies for the last 35 years. In the 1990s, the team invented and commercialized state-of-the-art algorithms that reduce residual vibrations, improve settle times, and minimize unwanted acoustics in motorized machines. Those algorithms now control hundreds of millions of machines worldwide ranging from computer disk drives to cranes handling radioactive materials operated by the Department of Energy and private utility companies. The technology has flown on a satellite launched by the Space Shuttle. The software algorithms continue to be licensed throughout the world, and the method is taught at many leading universities.
The AC Kinetics team also developed a novel algorithm for control of parallel motor gantry machines. The technology was licensed exclusively to Dover Motion Division of Danaher Corporation to dominate the precision gantry machine market.
This is the future of CAPC. All summarized in one paragraph.
From the 8K
Based in China, Light Engine is one of the top 10 LED lighting companies in the world, based on sales volume. Its campus is equipped with advanced technologies, supporting extensive new product development, fully accredited testing facilities and advanced automated production. Because of Light Engine's strong engineering capabilities and manufacturing resources, this alliance was expected to not only execute the advanced technologies developed through our investment with AC Kinetics into solid state lighting fixtures and bulbs, but also open North American opportunities within LED categories that would otherwise be outside our reach.
Techtronic industries owns Hoover. TTNDY Market cap 6.3 billion.
They were up 3% today. Not likely due to us but maybe a good omen.
Gotcha, U.
It's GE. Here's the proof. Lol.
$20M Insider Buy of GE Stock Is Biggest in Years
Director W. Geoffrey Beattie bought 800,000 shares of GE through an investment company last week.
By GRACE L. WILLIAMS
February 23, 2015
A General Electric director made an industrial-sized buy of stock on Feb. 18 and 19 as shares charged to a multiyear high price.
W. Geoffrey Beattie bought 800,000 GE (ticker: GE ) shares for $20,096,000, an average of $25.12 each. Regulatory filings show that Beattie’s buys were made through an unnamed investment company. Beattie now indirectly holds 858,824 GE shares through entities including trusts and the investment company, a stake of less than 1%. His most recent previous transaction was on July 23 when he bought 10,000 shares for $260,100, an average of $26.01 each.
Beattie is chief executive of Generation Capital of Toronto, an investment-management firm, and chairman of Relay Ventures, a mobile-computing-focused venture-capital fund also based in Toronto. Beattie had served as deputy chairman of Thomson Reuters from 2000-2013 and had served as president and chief executive of Woodbridge Co., the Thomson family company that controls Thomson Reuters.
A GE spokesman declined to comment on Beattie’s purchase.
Gotta get back to work. Mike, Catch up to you after next Friday's conference.
Hope we will all find it enlightening.
I think Stewart's detractors should lighten up.
The future appears much brighter.
I am glad they are no longer keeping us in the dark.
Regarding the transformative strategy, Mr. Wallach noted, “This could prove to be the most significant turning point in our Company’s brief history.”
Stewart doesn't sell his book. He has been alluding to this moment for years. He has never
sold a share of this company.
We are powered up and it's time to shine (get it- it is a lighting pun.)
Foreshadowing? Schwab has the ask at .2879
Symbol Lookup
Symbol
CAPC
LastQuoteHelp
0.056
Change
-0.0004 (-0.71%)
Bid
0.04
Ask
0.2879
High
0.056
Low
0.056
Volume
16,966
Time (ET)
10:28:10 AM
Capstone Companies Inc. and Light Engine Limited Sign an Exclusive Alliance for Entry to Americas
By adminFebruary 6, 20140 commentsFeatured
Capstone Companies Inc. and Light Engine Limited (www.lightengine-tech.com) have recently entered into an exclusive alliance based on a shared vision to expand their market positions in the Americas. The intentions of Light Engine and Capstone is to strategically cooperate during the immediate and initial stage under a strategic alliance, although in the longer term, both companies expect to enter into a closer arrangement, such as a joint venture within a two year period.
The exclusive alliance was created to develop and co-develop any and all LED products that could be destined for big box retailers headquartered within the United States. Capstone is recognized as a leading designer and marketer of innovative multi-purpose LED consumer lighting products and specialty power failure LED solutions for the Americas. Light Engine, over the past decade has specialized in the development, production and sales of high quality LED lighting products and currently the largest lighting manufacturer in China and one of the top 10 LED lighting suppliers in the world based on sales volume.
By combining Light Engine’s extensive LED domain knowledge, broad R&D expertise, strong engineering and considerable manufacturing capabilities with Capstone’s proven record of product innovations and technologies, well established vendor relationships with major big box retailers in the USA both companies anticipate gaining increased market share through an expansive introduction of consumer centric LED lighting products.
To learn more about this strategic partnership, you may listen to Stewart Wallach, President and CEO of Capstone Companies, Inc.
A telephonic replay will be available from 1:00 pm EST Tuesday, August 5, 2014 until Tuesday, August 12, 2014. To listen to the archived call, dial (858) 384-5517 and enter conference ID number 13587622.
About Light Engine - one of top 10 LED suppliers in the world based on sales volume
Since its founding, Light Engine has specialised in the development, production and sale of high-quality LED lighting products. The company is currently the largest lighting manufacturer in China and one of the top 10 LED lighting suppliers in the world based on sales volume. In fact, our scope of business has been hailed as constituting “The Third Lighting Revolution” in the history of human society.
Compared with traditional lighting sources such as incandescent light & CFL Light, LED lighting excels in energy efficiency, product lifespan and environment-friendliness. The LED lighting field is presently undergoing rapid, large-scale industrialisation. This phenomenon heralds the future of the lighting industry – and a major technological evolution.
Meanwhile, as the market expands apace with continuously growing demand for LED lighting products, our company takes pride in belonging to an industry with a very bright future and room for many exciting developments.
I doubt there are many shorted shares given how illiquid this stock has been; If there are any I hope there are a lot! Can you imagine the squeeze if some positive news were released? It would be back to the momentum days.
Wow...webcast. High tech. Anybody remember a webcast before?
Sure there is! A lot of people got in at 1-2 cents. It's gone up 3-6 times since then.
Good reason to get out! I am not selling as I believe we are just getting off the ground..
but some people have a nice percentage profit (not real money given the volume...but a percentage profit.)
Thanks! 211,000 shares to .225 LOL
Hi Penny. L2? What's up after .0615?