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This is a NEW Conference Call!!!
Webcast
Tuesday, May 17, 2016
10:30 AM Eastern Time
Access to Teleconference:
Dial (201) 689-8562
C'mon Folks - try to keep up.
Bull, yes I am somewhat excited BUT:
Despite record first quarter earnings and a sparkling prognosis today's volume was about 1/10 what we need daily to attract new investors and create enthusiasm at this price level.
The majority of the volume was recorded before noon. The afternoon was relatively unexciting. On a continuing basis, earnings reports and conference calls apparently are not monitored by any analysts or publicists that give a damn.
So yes, I am somewhat excited to hear Stewart finally acknowledge that a real effort should, and will, be made to promote and enhances shareholder' equity.
As one of the owners of the company I am encouraged to see one of our employees get off his butt to get with the program.
(I wonder if KEI is finally on the way out?)
Yes, this time I'm optimistic in joining you
"awaitingamove" (looking for a good one finally)
Best News in a Decade???
Stewart's repeated and emphatic statements during the Conference Call that management is taking immediate action(s) to improve the share price of CAPC by garnering enhanced visibility through what sounds to be targeted investment community publicity is as welcome news as it is overdue!
His further implied willingness to see an overhaul of the dysfunctional Board of Directors and a desire to attract at least one Market Maker may result in our finally owning part of a real corporation.
As we would have said in my old stomping grounds ......Ojalá!
Capstone 10-Q and Conference Call scheduled
(At last minute as usual)
Phreaking Hilarious!!! A must view.
This gal has done more, and a better job, of publicizing a Capstone product via an amateur 10 minute video/blog than I have seen the pathetic, overpaid KEI group ever accomplish.
Thanks for finding this URL Townie.
(Here it is again)
Marcelh, There aren't short interest positions on CAPC!
CAPC is not being and has seldom,if ever, been shorted by investors in recent history. This is a misconception that regularly raises its head on this board and has been thoroughly debunked by myself and others several times over the years.
Your statement
Looks like trouble right here in River City?
Yep Mike (and sbcddavis too) it does appear that the half million dollar "off switch" is still just a bad dream perhaps on its way to becoming a nightmare. A competitor has had a similar device launched for several months, but apparently with consistent bug issues.
A relatively simple way to determine the on/off state of a remote switch in a circuit is to compare the impedance differential of the the two states via the controlled line. Unfortunately, there are too many extraneous variables to make this a practical solution for control purposes. In a nutshell, this would work well only if all of the circuits to be controlled were identical.
The Capstone device appears to attempt to achieve a more global response but it still appears to me that they will encounter the same problems in reaching a "one size firs all" universal application.
But even this does not address the main flaw I see here which is that the $500,000 Off Switch is not only overly complicated, but totally unnecessary. I question the marketability of the "game changer". At most it has gimmick appeal.
I have maintained for years that this company suffers dreadfully from a lack of ergonomic engineering directed marketing competency. I'm sure most remember the horribly bungled but highly touted STP Tools debacle to name just one.
When you read some flowery statement from Wallach regarding the availability of some new Capstone technology you might be well advised to sing, as Miss Peggy Lee did in 1953, that old Gershwin favorite .....It Aint Necessarily So.
Bull, that is the basis for an excellent question!
With the difficulty many of us have experienced finding Capstone products on the shelf during the past Christmas season, where these "record sales" are occurring is certainly a fair game question for the conference call. This assumes that there will be a CC.
For years we have been teased with allusions to major sales taking place in Latin America, China, and even Australia among others, but there has been no meat with those potatoes.
Yes, it's time for some straight answers.
Aw C'mon Mike, remember, repeat the "Magic Mantra"
This is also believed to enhance CAPC's valuation for any subsequent period such as "next month", "next quarter", "next news release", etc.
Yeah Mike, back then men were men
and we didn't have singers like Adele emulating a cat apparently suffering from recently stomped-on testicles.
Shoot, I even remember when this company, under different management of course, actually traded at twenty cents and was known to communicate with its shareholders.
Or am I just having a senior moment?
Addendum
While the Hoover Multi-Color LED Accent Lights with Remote Control (5 pack) is shown as being available at a large Sam's Club near me (in Atlanta) the motion controlled security light must be ordered for home delivery.
abcddavis,They walk among us!
Yes the mysterious Hoover LED products have been spotted online, if not on actual store shelves, as I reported here a week ago. Click on this URL:
http://www.samsclub.com/sams/search/searchResults.jsp?searchCategoryId=all&searchTerm=Hoover+LED&fromHome=yes&_requestid=262928
However, as Peggy Lee sang so long, long ago:
Thanks RVD, Also on line at Sam's Club
http://www.samsclub.com/sams/search/searchResults.jsp?searchCategoryId=all&searchTerm=Hoover+LED&fromHome=yes&_requestid=262928
Tony, Great question! The answer will surprise many.
You asked:
Thanks Bull, This earlier post was also dead-on:
We should all just relax and remember:
Trouble's like a bubble,
And the clouds will soon roll by,
So let's have another cup of coffee,
And let's have another piece of pie.
(Irving Berlin 1932)
Diz, it just doesn't compute.
The timing of this sell-off on one of the highest trading volume days we have seen recently would indicate that someone just doesn't believe this stock is going to materially increase in value in a few short weeks. That someone(s) obviously has quite a few shares to burn.
None of your scenarios address that specific problem if indeed Involve has any part in the debacle.
As far as believing Involve does not have insider knowledge of the machinations of a stock, whose directors allow it to be blatantly manipulated on an almost daily basis, because <gasp> insider preferential treatment would be wrong, leaves me LMAO!
There are virtually no share shorted,
Nor have there been.
Check the Short Interest Ratio
O.K. Guys, riddle me this.
First, I believe we can agree that Involve has insider knowledge covering, among other things, the year end results, perhaps not the final audited version as yet but certainly the basic data.
If Wallach can actually show a consecutive profitable quarter and possibly a profit for the year, why would anyone with knowledge of the forthcoming numbers dump at this time?
Would it not be reasonable to expect the stock to trade at >.03 following such a 10-k?
Sorry, the timing simply does not support a logical sale by Involve or any insiders who are not seeing clouds on the horizon. With some six weeks to go before release of the numbers,insiders can probably righteously claim they are not restricted. Regardless of the size of their holdings, or whether they could today still reap a profit at these prices, why throw additional profit away ?
Unless they know Something wicked this way comes!
"Consolidating Here???" (The first laugh of the day)
And so totally appropriate for this laughing stock.
But can we now get back to a serious discussion of ........coffee beans?
"Consolidating Here???" (The first laugh of the day)
And so totally appropriate for this laughing stock.
But can we now get back to a serious discussion of ........coffee beans?
Looks more to me like
They're dumping it on eBay.
What's more, it appears that they have not as yet produced significant new product, Hoover or otherwise.
I certainly hope that 4th quarter "Backlog" actually hits the revenue column on the forthcoming 10-k!
Two of the four Capstone Products at Midland
Are listed as "Out of Stock".
It was a good marketable idea RVD
Unfortunately it apparently wasn't a Wallach idea.
For those looking for Capstone products, just check our Ebay. It appears much of the line both past and present is being liquidated there.
http://www.ebay.com/sch/i.html?_from=R40&_trksid=p2050601.m570.l1313.TR0.TRC0.H0.XCapstone+LED.TRS0&_nkw=Capstone+LED&_sacat=0
bobbo5, If I were considering buying more shares
I would definitely hold off for a while. With approximately 7 weeks before earnings will be released, the only thing that can stop CAPC's bleeding is some firm guidance from our bashful CEO. Even here there would be a problem as frankly, I have little faith in anything he says that is not backed by audited figures.
I think you're wise to attempt to buy in at a lower price at least 10% below today's close. Personally I believe you'd be safe at 20% off.
All 450,000+ shares traded at .02 or under
The bid flirted with, and then closed at, .016.
The "Hope Springs Eternal" ask of .027 remained intact but untouched.
Congratulations to those who took CAPC stock losses in December 2015 to write off against gains or even ordinary income. As I repeatedly predicted then, you have had several chances this month to buy back those shares at lower prices, pocket the difference, and profit further from those delightful tax write-offs, all while avoiding the "Wash Sale" constraints. Ain't freebies great?
This was particularly beneficial to those who got caught buying and then holding at .025 or more in that unfortunate June 2014 busted run-up to .07 that Diz just mentioned.
And it's not just the Pakistan folks, abcddavis
Check out this "Hoover LED Step Light" (and note the professional presentation)
http://antiquestreetlamps.acuitybrands.com/-/media/products/hydrel/346465/document/hoover_mr16_pdf.pdf
Sigh!
I agree with this Townie
Thanks Townie, Actually the post referenced predictable fluctuations.
Between now and mid-March I don't expect the stock to sell off much more than an occasional 25% below today's level of .02.
Folks looking to pick up shares around .019 should have no difficulty filling orders during that time period.
This reflects the predictable fluctuations Network pointed out.
Network, That was a 100% correct analysis!
Don't bother sweating Q1, it's probably another disaster.
As has been noted by others here it is difficult to find Capstone products for sale. Costco and Walmart have a few and Sears apparently has added some to their product mix but overall it appears several of their traditional outlets have dropped Capstone Lighting or are liquidating remnants. Licensed Hoover lights seem essentially nonexistent reminiscent of the "vapor tools" of the mishandled STP License. So I've pretty much written off the first quarter....... again.
My bigger concern is the 4th Quarter of 2015. Will that advertised backlog bear fruit or will it wither on the vine like so many of Capstone's prior backlogs? Guess we have to wait till mid-March to see.
Remember what Wallach proclaimed about backlogs just the previous year?
Of course there's no direct connection, Diz
That was actually the point.
The "Hoover" lighting name is already in worldwide use by a Pakistany company that has no ties to Capstone or Hoover/Techtronics. It is used on their LED products as well as other electrical components.
Meanwhile Hoover/Techtronics treats any acknowledgment of Capstone LED products like the proverbial illegitimate orphan stepchild ..... hidden away from public view.
Here are those "Iconic" Hoover Lighting Products
Did management do ANY market research before making a giant leap? Hell no, that's whatr makes it a laughing stock!
http://hooverlighting.com/
Wheee - Hoover lights - confused anyone?
He came back at 3:59:38 to buy 200 shares.
Once again he "marked the close" at the high of the day.
You've got lots of company ROTFLMAO though; any serious investor looking at CAPC and seeing these shenanigans occurring almost daily is right down there on the floor with you, also sans derriere
.
But that's O.K. cause it sure is one Hell of a Laughing Stock
It's based on trade date not settlement date
Redacted from IRS Publication 17 (2015) and, amusingly, right up to date.
Exhortations to contact the company are disingenuous.
It has already been pointed out by several posters that questions and suggestions to the company not only have not been answered but have lacked even the common courtesy of an acknowledgment.
I know this to be true because I have experienced it!
Relative to your concern, or lack of it, regarding the illegal stock activity that is endemic to Capstone Companies I can assure you that this has been brought to the attention of the company, specifically Aimee Gaudet, on several occasions over the past year.
A major brokerage house, after reviewing "Time & Sales" data on CAPC confirmed not only that the stock is the victim of constant and ongoing manipulation but that this was obvious on even cursory examination.
Yes, the situation has progressed beyond "talking about it here"
The contempt being shown for Wallach is phenomenal.
Certainly his failure to provide corporate governance to counter the ongoing and egregious stock manipulation of CAPC during the past full year has effectively destroyed any chance of the stock being considered a serious investment.
As proof, one has only to note the abject failure of the company to maintain an improved share price despite supposed record revenues ans backlogs.
But when you see the stock price decline over 10% based on a ONE SHARE SELL at 11:11am, and then fail to trade for another three hours, is it time to consider sanctioning the executives and directors of this debacle?
(By the way, the stock closed UP yesterday on a 200 share lot once again "marking the close" and I expect it to do the same again today.)
"No Sells, disappointment for those with Low Bids"
No buys, disappointment for with stagnant shares.
Looks like CAPC is a politically correct equal opportunity disappointer. LOL
SKUNKED AGAIN!
Who says KEI and our overpaid management can't promote shareholder value?
(Pssst, they're right)