says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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See, that's where we differ.
I think it's already late, and a flop. Amazon Echo Show 15 will stomp all over it.
Who buys a Smart device from a no-name company, that may or may not be around to update the O/S on the device for security issues or new features?
I have many Amazon Alexa devices. They get regular updates. They didn't cost me an arm and a leg. They work well. I can actually ask them questions! CAPC mirror? No, no microphone. Cast your phone to it to use your phone's voice assistant? That's an awkward kludge.
CAPC is going to be hurting if I'm right about it being a flop. They'll need to recapitalize by the end of the year.
Wallach and Postal were ready to support the company at 9 cents a share.
They already booked 15,000 preferred shares (convertible to 1 million common shares) for just offering the financing (which wasn't even used).
It's good to be the CEO.
Like in Space 1999, that horrid british sci-fi series?
They shipped all the toxic nuclear waste to the dark side of the moon, and it blew up, blasting the moon out of orbit.
That's what I think when penny stock promoters say "To The Moon!"
But seriously, you don't even have an estimate for the revenue for 2021? It's pretty easy to calculate, 1st quarter was $438K, 2nd quarter was -0-, 3rd quarter should be -0-.
You just have to add in how many mirrors you figure they'll sell through 12/31/2021.
EZ, right? So, what's your number?
Yeah, they don't have to ever ship this mirror that they've been working on for 4 years.
What's another delay? Do you believe the Oct. 12th date is any more real than the last dozen Release Dates?
If they hadn't totally dropped development and production and sales of the LED products, they wouldn't be in the predicament they're in today.
Mid November, we find out about their second consecutive zero revenue quarter.
6 months from now, we'll find out how many Mirrors they have sold through the end of 2021.
I'm predicting a $1 million revenue figure for 2021, with $2 million in net losses.
What's your prediction, Mike?
Release Date moved out another 6 days
A casual stroll through OTCmarkets shows that is incorrect.
Some update every day. Some update once a month.
CAPC's latest update is late. Last updated 9/1/2021.
That's not true.
Some update every day. Some update at the beginning or end of the month.
CAPC used to update every day. Then that changed to once a month. The October update is late.
There were 5 PIPE investors, including one individual.
They invested back in April with the belief that their money would go to initial product build for the Amazon program. It was expected to begin in April.
6 months later, Amazon is no where to be seen, and CAPC still doesn't have FCC certification (Real Soon Now, though, Right?).
Why wouldn't a PIPE holder get their legends removed? Once they do that, they have 90 days to sell the stock (or cover the short hedge they obviously entered).
CAPC hasn't enabled the Transfer Agent to update OTCMarkets since 9/1/2021.
When we get a Restricted/Unrestricted update, maybe things will be cleared up.
6 months since the PIPE closed (April 5th).
They can now request their legends be removed to make their shares freely tradeable.
ISWH is the Next ISBG!
They aren't flying to Amazon, at least initially
Even when they had a listing on Amazon, it was 'Sold by Capstone, Ships from Capstone'.
CAPC was paying for the listing. They stopped paying for the listing. Maybe they'll start paying for the listing again, and eventually use Amazon's Logistics to warehouse and ship product.
But, that isn't happening yet.
Speaking of 'yet', anyone got a link to the ETL listing? I don't see one on the search site.
https://ramuk.intertekconnect.com//WebClients/ITS/DLP/products.nsf/vwSearch?SearchView&Query=FIELD%20ListHead%20Contains%20capstone%20or%20FIELD%20CatCode%20Contains%20capstone%20or%20FIELD%20Title%20Contains%20capstone%20or%20FIELD%20ProductInformation%20Contains%20capstone%20or%20FIELD%20ProductInfo%20Contains%20capstone&SearchOrder=1&SearchMax=1000&SearchWV=FALSE&SearchThesaurus=FALSE&SearchFuzzy=FALSE
I do see their old products listed there. No smart mirror yet, apparently.
NO-BRAINER?
I agree; the perfect stock for those without brains.
Have at it.
Who says a Smart Home Hub has to be a mirror?
Stewart? LMAO!
Hey, you've got another chair in your living room, are you going to buy another one when they finally ship?
What was supposed to take 5 weeks has taken 14 weeks
Oh, I forgot. Today ends 3Q2021.
Unless they found a way to quickly build and sell some more LED puck lights, this will mark the second consecutive -0- Revenue quarter.
Stewart&Co played 'Bet The Company' back in 2017 on this Smart Mirror product.
It's time to see how that bet plays out. Tax Loss season is just ahead of us.
Interesting confluence of events.
6 months since the private placement firms/individual bought 2.5 million shares @ 60 cents/shr ends on October 4th. At that point, they can request the restrictive legends be removed from their shares. They still are showing a juicy profit at this point.
New (this time we really mean it!) Release date for the mirrors is October 6th.
And, a 3rd player has entered the playing field: Echo Show 15 Smart Frame.
Let's Get Ready to Rumble!
Who said people want a Smart Mirror?
Stewart? He also said he'd be shipping the CAPC smart mirror by the end of 1Q2019. I suggest you don't put too much weight on what he says.
He designed a heavy, fragile product that needs to be shipped 11,000 miles.
Shipping (both by air and by sea) is an expensive mess right now.
Hmmm, buy a dim screen smart mirror, that doesn't have voice input or a camera for video calling, doesn't have Alexa integrated for smart home control, from a no-name company, for almost 3x the price.
Or, buy into Amazon's Alexa Smart Home system for $249.
Release date moved to Oct. 6th
8000 lb. Gorilla makes move in Smart Home market
https://www.amazon.com/dp/B08MQLDFF6
Loved it so much he hasn't mounted it in the 2 weeks he's had it.
Or, verified there's no voice assistant feature on the device.
The old mirror design, based on an 8 inch tablet that plugged into the back of the mirror, had Google.
The new mirror design, that doesn't have a plug in tablet, doesn't have a voice assistant, unless CAPC is hiding it in their documentation/videos.
The only thing they show is under Smart 2, when you cast your phone's display, you can use your phone's voice assistant.
While we're at it, which version of Android is on the mirror?
9? 10? 11?
12 comes out the first half of next year.
My Moto G phone updated OTA to Android 11 recently. Has CAPC made any statements about regular Android updates?
Those are kind of important for security... New features are nice too!
Which voice assistant is installed on the mirror then?
Ok Google? Alexa? Something else? Can we get a video clip of you talking to the mirror (not talking to your phone casted to the mirror)?
Why don't they mention that in Smart 1 Mode then?
They only mention it for Smart 2 mode (casting your phone to the mirror, and using your phone's mic).
Land Rush! Whales! Meyer Luskin!
Zip Code Changer!
Wait...get that Thorazine away from me!! I don't want to go to the rubber room!! Noooooo.....
So, basically, they stopped paying the patent lawyer?
Capstone Smart Mirror seems to be gone from Amazon.
It's even missing from my Browsing History.
Happy Labor Day from CAPC to You!
You probably have me confused with someone else.
I've been following the Capstone Smart Mirror for 4 years now. The first iteration (launched at CES 2019, and then re-launched at CES 2020) was an abject failure, not even selling one unit. It did manage to get FCC certification though, in December 2019.
The latest iteration still has not gotten FCC certification, from what I can see.
It's not legal to import an RF device into the US for retail sale without certification, but you are allowed to import units for testing purposes.
I guess that's where we are with Iteration #2.
Shoot the Messenger
They pushed out dates again. Website availability/release date went from Sept 3 to Sept 15.
Amazon continues to slip a day every day.
Save your ire for me, and re-direct it where it belongs: CAPC/Wallach.
Can we stop with the emails from the secretary? It's not Fair Disclosure.
If Wallach has an update to give, he should put it in writing, either an 8K or update the website.
Maybe CAPC should contact Dong Inc. to find out how they got their fitness smart mirror FCC certified in 2 weeks.
I don't buy the Covid excuse.
Anyway, aren't we due another end-of-month slip of the schedule?
It's a fitness smart mirror.
Tested and FCC certified by the same testing company.
It took 2 weeks.
How many months has CAPC been playing the FCC cert card?