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Uranium, I'm sure what Trader was indicating...
Is that CAPC is out of cash is not able to fund any buybacks.
Indeed, it appears they are back to borrowing to keep operating.
Dump of old shares at the ask!
Early this morning a shareholder dumped 178000 "old" shares at the ask in the 0.14 - 0.15 range.
Hardly a vote of confidence.
Hey, U're welcome to it.
But may I add it wasn't just an embarrassing day, It was probably Wallach's most embarrassing week ever? (I may have to check the records to confirm this although I can certainly surmise that it must have been one of CAPC management's more spectacular paens to self immolation.)
But then, another embarrassing day! -
CAPC had two minor trades Thursday, the total dollar volume of which did not even reach $180.
There was good news today -
for the first time this week CAPC traded slightly over a hundred bucks worth of stock in a single day. Wow!
Just slightly over but what more do you want?
Unbelievable! ONE SHARE OF CAPC!
I swear I try not to harp on the fact that management of this "investment" has turned it into a laughing stock, but what can I do when they hand me material like this?
When CAPC finally opened at noon today it was on a trade of one share of stock at 17cents, and this trade was verified ...it was not a mistake.
ONE SHARE OF CAPC @ 0.17 and this held for over two hours!
A volume rescuer (so to speak) dumped 2000 shares of old stock (a respectable 134 shares of today's stock) at the bid of .1575 two hours later 14:18.
And the last trade of the day was our resident squirrel with his usual buy of 500 shares to bring trading back up to a resounding 0.17, down .01 or ~5.5%
What a great recovery!
By 09:42 Tuesday morning CAPC volume had soared past Monday's total volume of shares traded by a respectable multiple. Although there were no further sales recorded today, this early performance tended to emphasize the role of management in maintaining shareholder values and confidence.
With sales in the hundreds of shares having a total value today of $90.00 (if my math withstands scrutiny <g>) can there be any doubt that the stock may soon have a $100.00 day, or even better?
Nice article Greasey
Did you notice CAPC wasn't skunked today?
In honor of Sloven's well deserved recognition, someone traded an entire $1.82 worth of this turkey. The only bad news was that we lost several shareholders who suffered fatal attack of mirth, and died laughing!
New Mexico? Good on "U"!
Now you can watch the Albuquerque Balloon Festival for a break from watching Capstone .......at least you'll know that things there are definitely going up!
Thanks Marcelh, great article on Sloven/Capstone.
While volume the last few days has been mixed between some reasonably sized buys and sells, this article might justify more immediate interest on the buy side.
Good news today Bull (Well sort of)
A second long time shareholder was able to dump 81,000 old shares today at the ask for a pleasant change. Wheee!
I wonder if he made a profit (LOL)
Speaking of Old Shares, can you believe:
Good Morning Uranium, and the beat goes on!
We have both commented previously about spotting sells of old shares by analyzing the volume of a particular trade. Amplifying your "667 share sell" a bit, old-share sells can also be spotted when an oddball trade volume of CAPC shares is multiplied by 15 (vis-a-vis the infamous reverse split) and results in a more reasonable number
That happened at the open this morning when a sell at the ask of 3,467 shares occured. That was equivalent to a sell of 52000 "old" shares!
By the way, I got a huge chuckle out of your tongue-in-cheek Machiavellian
theory that a miscreant was making false old share trades to lower the stock price. Shoot, everybody knows we've got Wallach and his BOD for that, and they don't need help.
Better question, who is dumping beaucoup shares cheaply?
And why?
A laugh a minute?
Bucho, the source was Capstone
And then they went into full bungling mode trying to correct the corrections with the typical SNAFU results we have come to expect from CAPC "management".
C'mon, it's a laughing stock.
Hey Flp, that was funny!
Here's my guess (yeah, right) at part of what you'll be hit with
before tomorrow morning!
How about revenues barely above 2M?
With a drop into negative territory in the old EPS column?
Of course I may be wrong so I'll welcome any dissent in writing.
More Hilarious Mismanagement!
Bucho, The probability is based on experience.
Two more days and you should have corroboration.
Patience while you admire Wallach's leadership in forcing today's prodigious $180 in sales upon an enlightened, if somewhat reluctant, public.
Wow!
Second Quarter 2019 Financial Results Conference Call
Thursday, August 15, 2019
10:30 a.m. Eastern Time
Phone: (201) 689-8562
(Previously I incorrectly indicated date as this Wednesday)
Good news Bad news-
The bad news involves Q2 revenues due our Wednesday. Looks like they're out of funds and will soon have to again feed from the loan bucket.
The good news is that you should enjoy the Q2 results now, because Q3 results will be even worse.
And no, they cannot count amy "hail Mary" advance sales as revenue until Q4 resits are published next year. (Remember our famous motto, Just wait till next year!)
Thanks mr-mem for a definitive answer.
Wouldn't it be interesting if we could see the results of that survey?
Hurricaneman, Do you get the $100 early discount?
If not, why not; was there some limitation?
Wow, that sure is a hefty tab for a totally unnecessary gizmo. You deserve all the discounts you can get!
Wouldn't that be the old chicken vs egg?
(Ka-Boom)
Hey Bucho, I see no "contradiction" ???
As I posted
Good news and Bad News, Bull
The good news is that Capstone has indicated they will try to market the widget directly to the public thus sheltering Best Buy and other big box companies from potential problems.
The bad news is that when they try to market the widget directly, apparently without sufficient market research, and again with some potentially embarrassing flaws, they will have to have a well funded return policy.
Yesterday's frenetic Lemming stampede has apparently abated.
But will it end with a whimper?
Given Wallach's "marketing skills" coupled with his late-to-market rollout of an unnecessary, redundant, overpriced and mirror-obscuring widget, I'm afraid the handwriting is on the wall.
Consumers, why not simply buy a an Alexa voice/touch controlled Fire 8 for around $70 which could do the same things, could be set on the counter beside the mirrored sink, could then be carried to the bedroom, kitchen, breakfast room, etc, all while continuing your morning session?
And all without obscuring single hair on your chinny-chin-chin!
Ya got me <grin>
I'll have to reflect on that!
Happy Birthday to our old "sticky"!
Yep, you're now over a year old and sust as full of unfulfilled hope as you were back then.
But don't despair, look how Capstone's attempt at keeping up their own website are and we can see you are every bit as efficient as Aimee or Stewart.
So we'll wish you many happy returns through the coming years and may your aging message continue to baffle newcomers for (seem like) eternity!
More items from the 10Q
The Duracell ® license which had $921 thousand of revenue in 2018, expired on December 31, 2018.
Royalty expenses related to such agreements for the quarters ended March 31, 2019 and 2018 were $0 and $169,262 respectively, a decrease of $169,262 and a direct result of no licensed products being shipped in the period. The Duracell ® license which had been granted for a specific product promotion, expired at the end of fiscal year 2018 which resulted in reduced revenues as the program started to phase down in early 2018.
The Hoover Ò Home program which had $2.9 million of revenue in the first quarter 2018, did not generate revenue in the first quarter 2019
Hoover ® Home LED licensed products also experienced a reduction in revenue in 2018 as the new product launches had been negatively impacted by the delay in promotional activities resulting from the uncertainty associated with the U.S. tariff increases on products made in China.
Apparently for many years; so do we need Stewart?
This is what U referenced - thanks
Aimee Gaudet:
Okay. Great. Next question: who is George Wolfe and what services does he provide to the Company?
Stewart Wallach:
George Wolfe is a seasoned Executive that's been part of my Team of Gerry McClinton, George Wolfe, Larry Sloven, myself, of 25-plus years. He has always been involved in all of my business projects. He's one of the most professional people that I know, and he has a primary focus on sales operations. He operates in a consulting capacity, as it is just of the situation for both George and the Company. We don't have to pay benefits and George has some advantages from himself working as a consultant. We are his only client and he is focused here on a 40- to 50-hour week. Yes, George has been part of my original Team and he's key to our success.
(Doesn't really say what he's done, if anything. Damned by faint praise?)
Yet people still wonder where the money goes?
(From the new 10Q)
Bull - here are today's trades:
https://ih.advfn.com/stock-market/USOTC/capstone-companies-inc-CAPC/trades
Note that shortly before the close a long time shareholder dumped 10,000 "old" shares.
As excitement builds in anticipation of earnings announcement
We were SKUNKED AGAIN!
Even that might be considered better than yesterdays poor price performance.
While some of us may feel that potential investors do not have sufficient knowledge of this stock because of the failure of management to maintain any semblance of investor relations, others may feel that the stock and its reputation are indeed too well known.
Poor Aimee -
Given the "speed" with which she disseminates topical information to the news-starved shareholding community it must have take her days to craft this complex release.
Then it was published with an error that slipped through standard editing protocol.
(I hear it got worse. After she initially attempted the correction someone had to clean the white-out off her computer screen and suggest a more viable updating method.)
Today CAPC was Skunked Again!!!
And yesterday someone dumped 100000 "old" shares at the bid on another day of otherwise dull trading.
SNAFU?