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What's the sale mean????
No new posts for a couple of months so it's not clear, to me, that there's any interest in this stock. If there is, does anyone have any idea what the proposed, or supposed sale for $34+million means?
Is that any premium to the price/share? loss?? Announcement didn't seem to do much at all to the price, or trading.
What are anyone's thoughts about this deal?
Hey Cap'n, or anybody,
When ought this Q's results be posted? Around May 9 or so?
Why no profit???
We all look at the positive trends and good things in the Q reports. A thought occurs to me as I look back on the last few. The companys sold 170+ or so units the last few Qs. 2 or 5 more units, a quarter, would have meant a + or black Q instead of a red one. We're not talking about some magical or unimaginable leap here, it's not even a 5% increase in the # of units sold, just a few more. So why can't management, Mr. Jamison, isn't it, and his group, make that happen?
Any thoughts?
Well G
It occurs to me, after a minuets thought, that 'need' may have, as with a great many, may be most things, very little to do with this.
You assume
That this may take about 0.15, 0.16 off the price of a share, when it's done, Mar. 5??
I assume that this is a dilution of existing shares. Does anyone have any idea how much that might be???
Regarding the warrants......
Didn't the offering put the strike price of the warrants at $1.55?, Unless the company demands they be bought before their expiration date? (There's a formula for the price if they do, but that's beyond my small understanding.)
Sign of life?......
If you bought at $0.58 yeah, $1.+, not so much.
I sit and type corrected.....
You Capt., as usual, know more. Thank you for the additional info.
From my reading of the pdf I did not take it that this was a private company. For whatever reason I thought it was some type of government procurement operation. That is clearly wrong. I was wrong. Again, much thanks for the correction.
Japan Contract?
Please tell us what the source of that statement is and do you have a link to it?
Thank you for the post and the link. Great info.
Who tipped you???
The company has no product, no income, and no money. So what did they tip you to and why would they tip you? So far they have no business and no prospect of getting any business. No hard data about what they are doing or where they are going. Nothing that indicates they either will or won't be in business in 6 mo. or 2 yrs. So why would anyone 'tip' this stock?
I've made money on this stock before and I may try to make money trading this stock again. At this point it's nothing but "air".
An addition to the note.....
What I'm pointing out is that price list is only an indication of what one (1) U.S. government procurer is willing to pay for items without additional approval. It has no data about anything that is/has been bought. Until that data is coupled to the price list it is only one indication with very limited scope. While it's an interesting note, by itself it is just one point which ought not be relied upon in any way without other data. IMO.
We have one statement of what one entity is willing to pay. No info about anything being sold. That to my mind is crucial to remember.
Just a note......
What you have cited is the price for selling items to the U.S. Gov. under certain specific purchase orders. It maybe an indication of what others are paying and It May Not. Government prices are a negotiated price under the terms of a particular purchase order. If the purchase by any government agency doesn't fall under that purchase order they may not pay that price. While it may be an indication of what the U.S. government is willing to pay for certain Capstone turbines, it says Nothing about what the company is selling it's products to either private buyers or other government entities.
While it does indicate what certain entities may pay, it says nothing about any being bought by any entity for that price, or the company selling anything for that price. Only what that office is willing to pay under those specific purchase orders.
Again, while it is an indication of what certain government entities are willing to pay, it gives no information about what either the government, or private buyers, are actually paying, or what the company has actually sold.
Having a line.....
Yes it's nice to have a product line. That's a nice first step. What would be better, imo, is some company buying or using that line. Any hints or clues about this product line actually being used? Designline appears to be gone, and while the were some experimental installations in certain vehicles and trucks some time ago, I haven't read of anyone putting anything on the road. Does anyone know of any actual use or 'real' plan to use either of these in a vehicle?
Hmmm..mm...similar horses.....
Or GE, or Pratt&Whitney, or.............
The Horse of a different color.....
These aren't micro-turbines. They're not at all like or comparable to the kind of engines Capstone makes, except in certain fundamental design characteristics,i.e., they don't use pistons to compress air, they use blades on shafts. There are places where the military could benefit from the use of Capstone's products, in powering installations and relatively static units. They won't be used in land or combat vehicles anytime soon. Naval ships, either for auxiliary power, or on board electricity, enabling them to run without petroleum products, may be more feasible.
I forgot, or just lost track......
When is the wonderful reverse split supposed to go into, or have gone into, effect?
Adding staff......
I do recall that over the past months the company has posted new positions that they want to hire. I don't recall any PRs or info that they have, in fact hired these people. I do remember the charts that they put up that indicated that staffing had been relatively 'static'. Didn't Jamison say or claim that they're producing more product, units, with the same amount of people? Wasn't that part of the last Q report?
I would say that sales, if not necessarily margin, increased dramatically in the Q just reported. If they are going to keep making an increased amount of product, to fulfill those increased sales, don't they have to increase staff and doesn't that increase have to come if not just before, then certainly during that increase in production?
According to the company they did have parts and supply problems in the Q previous to the last one. Aren't those things that have to be worked out as the company grows to a stable, profitable entity? Don't you have to add people to deal with those problems as you encounter them?
it's simple......
Geeeezzzze, nah, it's just the Fed. Reserve and Visa that can print money.........Right??
Cherry picking results.....
A number of people consistently claim that the stock price is manipulated, by MMs, Hedge Funds, Big Boys, others. So why do some people, Wild Bill, for one, seem surprised that figures are reported in a less than clear manor, or emphasized in a particular way?
Hasn't it been clear for some time that certain groups or individuals want to restrain the appreciation of this stock, for their own particular reasons?
The company has made significant strides in sales and profitability. It has also encountered problems with suppliers, financing and payment of sales, operation of older machines. (Earlier it had to change when it required payment, last Q it reported problems getting parts, this Q its increased warranty expense because it's upgrading older machines.) While these, and others, are usual problems that a company with significant rapid growth may have, they're things which successful companys work out over time.
Especially in times such as these, when there is a great deal of uncertainty and insecurity in the economy and the world, it isn't a surprise that some people might not want all the positives shouted from the roof tops and might want a more restrained view. First, from just ordinary greed, keep the price low while problems are being addressed and every one, in the world, is mostly negative. Get yours while it's down. Second don't be shoutin' till all's worked-out. Who knows what's not being seen, like the parts problem wasn't, that might de-rail things, until everything is up and running smooth.
I agree that most signs point to this being an excellent year for Capstone, yet no one knows what surprises the future may bring.
Supply and Demand.......
Big Boys demand MMs supply, right? What's you problem?????
This stock is holding strong?
It was, before the 1st split/major mistake, selling for more than 2 or 3 times it's present value ( before split 0.3+ jumping to the 0.40s or 0.50s).
Since the split it's done nothing but fall.
I'd, as I have, just watch the game. No need to put money in something that has no income and so far, no faint dream of how to get any.
Turning worm....
The soon to be announced earnings may give us an indication of whether the worm's chasing it's tail or yearning for some sun.
The IHs have choice....
The difference between the 'Big Boys' and us, IMO, is that they are making money now, not 'want to again', while we hope to at some time. 'They' aren't waiting for the Market to 'stabilize'.
Seems like you did.
We have a deal?
With these idiots? Only when its been voted on, passed and signed is there a deal.
Where dat gap go????
So it needs to push up another $0.20 or so, right? Would that be now?
Going up to?????
Capt'n and Wild-Bill, isn't there a gap that needs to be filled? Does that gap go back to the $1.70s or so?
Busing Forum.....
As I recall the problem with the turbine fuel also occurred in NYC. According to an NYC blog the problem was fixed by filtering the fuel and a redo of the nozzles. The problem occurred because the turbines didn't run continuously, and therefore had a continuous flow of fuel, but started and stopped often, depending on the needs of the system. This wasn't Designline, as opposed to the microturbine, problem in fulfilling the contracts. Those problems weren't specified. They were lumped into 'maintenance and delivery'. One that is known is that in Baltimore Designline could only supply 13 of the 21 buses contracted for at the price and in the time stated in the contract.
Designline is and was a very troubled and underfunded company. It's failures seem to be related to it's own problems, rather than deficiencies of Capstone turbines. It isn't new info that the company couldn't fulfill, build the number of buses in the time and for the cost/price stated, the Baltimore, or New York City, contracts.
Busing Forum.....
I regret that I wasn't more specific and clearer in my earlier post. I didn't write, and didn't mean to intimate that Designline had fulfilled any contract. Designline did have some problems with the operation of the microturbines. I tried, in my post, to correct the description and nature of some of those problems. As noted, in your post, Designline had other problems, such as the ability to provide the contracted number of buses.
Designline, both the unit in New Zealand, and the unit in the U.S. have had a significant inability in fulfilling contracts.
Busing Forum.....
If you keep searching through that blog you might find a post that describes their solution to that problem, which wasn't, btw, the flow of fuel between turbine and generator. Fuel flows into the space containing the turbine, is mixed with air, for O2, and then combusts. The expansion of gases, created by combustion, drives the turbine which spins the shaft. The spinning shaft, as in all generators (5th-8th grade science) rotates the coil which generates, hence the name generator, the/an electric current. The problem was deposits caking on the nozzles and eventually blocking the flow of fuel under certain conditions in certain uses. It wasn't between the turbine and the generator. The turbine, in a real sense, is the 'generator', or its shaft is. No fuel flows from any turbine. All fuel flows to the turbine chamber, or there's a huge problem.
We know that problem has been solved, because they couldn't run buses in the desert if it wasn't.
Busing Forum......
If you had happened to have looked at the DATES for all the articles or cites in the forum you linked to you might have noticed that they're all at least a year old. While it is an interesting comment on the company's inability to straighten itself out, it says nothing about its present condition.
Earthquake Damage?
While the quake damage was reported to have been generally severe, it was reported to have been in Christchurch. Designline's factory is in Rollerston, which is a short distance away. So it may have been in an area of minimal or no damage. Also the company in New Zealand has been in financial trouble for some time and may not have been operating the factory at the time of the quake. If so, having everything shut-off and locked down would further lessen the possibility of damage.
The off handed fly......
This, to me, is not an 'off-hand' problem. Controlling and ordering growth is one of the biggest, if not the biggest, problem, of any organization. I can think of numerous chains and franchise operations that grew themselves into bankruptcy and dissolution. That happens with manufacturers, too. Getting much bigger orders and quickly ramping up production isn't always a good thing.
I don't like, or buy, the company's explanation.
While this, to my knowledge, is the 1st time a problem of this kind has occurred, the question is just what the company is doing to deal with the problem. Just having a meeting with the guys to show them your 'real' doesn't seem, to me, to show you grasp or understand the problem.
Production problems.....
While it's certainly possible and probably true that some of the supplier problems are just 'growing pains', there are still questions.
The increase in demand in the 4Q isn't new. It's happened in the last few years. So was it a surprise? If it was, why was it a surprise? It's happened before and it must occur to meet projected growth. If it wasn't, and it shouldn't have been, a surprise were suppliers adequately informed of the planned increase? If they were why couldn't they meet the demand?
What exactly are the suppliers problems in meeting demand? Is it a capital problem? A material problem? Or another kind of problem?
What steps are the suppliers taking to correct their problems and how long will it take them to fix these problems?
Capstone's level of production and parts demand aren't static things, both the increase, and the level of increase are going up. Since the suppliers they have now have had significant problems meeting current increasing demand what steps are being taken to insure adequate supply for future increased demand?
What evidence is there that this isn't an endemic problem?
It appears that the pps is just hangin' at the line, waiting for something to push it through.
Thank you Cap'n. You are right here with the pertinent info, as usual.
Small Rally.....
Well, I'se jes' wanna tank dees gemelmens for punchin' ow dis here lit'le rally an cov'rin my small gains. Yowsher, tank'a you, boys. If'n you'a see fit ta fall bek down, I'se ready ta join ya in temarries leap, yes suh. Thankee
Market head winds.....
Stock price has, in previous Qs, moved up, somewhat, before the announcement, buying on the rumor, and the fallen after the numbers came out, selling on the news. I expect a change of that pattern this time. While the price may jump today, before the earnings report, I don't expect that, rather I expect that that the company will show steady sales and performance improvement in the results tomorrow and that, based on those results the pps will exhibit steady growth for the rest of the year. Remember the stock is significantly above its price last year. Wasn't there a concern about de-listing then?