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Jeffrey Postal and George Wolf resign so 2 new Board Members can be appointed who can help fund future business endeavors. Venture capitalists are the priority. My guess is they want people who can assist in the expansion of Coppermine!
Link to 8K
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=318777223&type=PDF&symbol=CAPC&cdn=f475e29b9b12925f00bf5fc8b5b471b7&companyName=Capstone+Companies+Inc&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-12-10
Here is the link to todays 8k announcing Alex Jacobs from Coppermine as the new CEO!!!
https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:1065d6a4-b20c-4b1a-ac95-8a5ba94c5c5c?comment_id=9ffa1b69-1d65-4486-8d1e-c1522c8cd3a5
Alexander Jacobs has been appointed CEO and director of Capstone Companies, Inc., bringing his expertise from Coppermine Ventures to develop new business lines through internal growth, mergers, or partnerships. Jacobs will also retain his role with Coppermine, while Stewart Wallach, former CEO, will support him as Chair to enhance business development and investor relations. This strategic move aims to secure Capstone’s future, though success in establishing new revenue streams remains uncertain.
Volume is slowly building with news on the horizon the next few weeks. I can't wait to see who is appointed to be the new CEO, President and Niard of Directors!
Everyone see this? Per the MTA in the most recent 8k, Coppermine has until November 30,2024 to announce new appointments for CEO, President and Board of Directors! Standby for huge news!
This is right out of the 8k
Alex Jacob's is the owner of the Coppermine company whose links I posted. You can google it. If this is correct, it's huge!
It is a sportstainment company named Coppermine out of Baltimore. It's all in the 8k. It appears Wallach was funding the company (almost $700k) with his own money while he put together this deal. He never gave up on investors. Here is a quick snapshot of the MTA in the 8 K:
1) Wallach would step down
2) Capstone would no longer produce their products
3) Coppermine will begin by funding operations through Q1 2025
4) Coppermine would appoint 2 new members to the Board of Directors
5) Coppermine would appoint a new CEO
6) Coppermine will appoint a new President
Www.goCoppermine.com
Www.copperunion.com
If this stock can get a bit a volume, it will explode. The new 8k just announced a Management Transition Agreement. Capstone is leaving retail and potentially being taken over by a well-established multi-million dollar company. With this news, new management and a low float...Wow. I think it's time to get on the CAPC train again!
Has any investor heard from Wallach at all in the last 6 months?
They are spotlighting the Smart Mirror on the Kelly Clarkson Show tomorrow
Unfortunately, marketing to the retail investor in the US in this economy is not the best approach, but based on funds available it’s one of the company’s only options. This type of tech always starts abroad and then catches on here. I personally think the mirror would be better suited if sales were directed towards countries abroad including the UAE and Japan. I think the UAE is the best play and I’d like to see Capstone present the Smart Mirror at the Tech Expo in Dubai!
I would love that, but what are you basing that off of? What gives you this sort of hope?
Thanks. Here is my guess is what they are going for.
https://www.prweb.com/releases/smart_cutting_board_dubbed_peloton_of_the_kitchen_launches_kickstarter/prweb18274095.htm
Anyone heard any rumors about what their new chef product is?
Wallach quote from Q4 transcript. I did not rewrite history. This is fact!
“We immediately initiated the production and attempted to expedite via air to our U.S. fulfillment center. This was a costly decision, but one that I have personally committed to earlier in 2021. To exacerbate the delays and setbacks while we fortunately received inventory earmarked for the CES exhibition, the following aired inventories were entirely mismanaged by our carrier and it took approximately 6 more weeks for the shipment to be completed. At the same time, approximately half of the inventory was damaged in transit. The entire air shipment was a failed effort and very costly. The purpose of emphasizing this information is to make you fully aware that management never stopped moving forward in spite of these unforeseen setbacks.”
The mirrors were announced that they were available for purchase on Amazon on December 21, 2021. This was announced because they were finally shipped. The 1st 1000 that were expected as part of this order ended up arriving late and damaged. Thus, inventory didn’t truly exist till February-March. I wouldn’t hold any weight to December sales, but overall sales have not been great. It’s a new product and until they get this in Big Box I wouldn’t expect any spike in sales.
What catalysts do you see in the near future that would facilitate a short squeeze?
We just have to accept we lost all our money and consider it a blessing if it comes back one day. It will be hard to make any comeback with 1) more dilution at .60 2) imminent recession looming 3) no sales or big box contracts 4) meme stocks like this almost never get second winds 5) StrategicInvestments and his group will most likely dump once there is any volume or movement and 6) OTC is on life support right now. This will be an annual tax deduction for years to come. Finally, there is absolutely no manipulation…the reasons listed above tell the whole story!
NeverMind. After thinking about it more, I don’t think I can ask my group to pull that trigger without legitimate news. I will ask that we keep a percentage liquid in the event we feel investing in the company does become a plausible option.
My investment group has a huge investment reaching its maturity date very soon. I’d like to potentially add a big sum to the CAPC position. My brain and logic says no, but my instincts are saying go for it. I’m down a few hundred thousand on this, but this would help bring my average way down. Who can give me legitimate reasons to invest? I don’t like hearing the manipulation rumors. That’s a scary position to be in. What are some real, solid optimistic reasons to invest while ignoring real logic? No BS…let’s be real. I know what my DD says, but what’s everyone else have?
Based on your expertise in manipulation, how long is “soon”?
If @StrategicInvestments has a solid Twitter group that claims to have the majority of the $CAPC shares locked…Why are NONE of them posting about CAPC?!!!!
No posts on Twitter in days. Makes you wonder that if @StrategicInvestments has a solid Twitter group with the majority of the shares locked…Why are NONE right them posting about CAPC?!!!!
Nope. All my points were legitimate
Why is that funny?
Honestly, todays call was way better than expected. Lots of great things in the pipeline. The one I liked most that could be easily missed was the fact that this year they’d be releasing their 2nd home smart product. The key here is that according to Wallach this one should be much easier to get in Big Box. This is a great nugget as it will do several things: 1) Get Capstone’s Smart Home devices in Big Box, 2) Pave the way to get the Smart Mirror in Big Box as well, 3) Give the company some much needed added revenue, 4) Capstone will have a product line which makes them much more attractive to buyout and 5) Assists with market penetration for their Smart Home Device product line which has been a huge obstacle.
Mike, do you have another way for me to have a sidebar conversation with you?
Please explain how there will be enough volume (buyers) generated to overcome this so-called manipulation? I’ll never ask about manipulation again if you can answer this question. I just don’t see where this volume comes from
Every time they are slow to release news, it’s been because they are waiting on good news.
My question is if the stock is so horribly manipulated, with the issue of dismal volume…how do you expect to overcome this to get the share price back to $3 range even with good news? Manipulation is extremely difficult to override with low volume.
There is no doubt they in my mind that Wallach will do everything in his power to raise non-dilutive funding moving forward. He is 100% committed to this company’s success and he wants to grow the company as a whole in addition to the Smart Mirror. Give him time. He’s one of the hardest working CEO’s I’ve ever seen. He works his tail off. Remember he wants this to succeed so he can eventually sell this thing at a huge profit to him and shareholders.
Lots of dumping, but in the end we were up and so was volume. That’s a good day!
Yes it does
I don’t think experienced investors are shorting this. I think @StrategicInvestments is doing it to hedge his investment until news comes out. He’s denied selling, but not shorting.
Anyone have any idea what the “Connected Chef” may be?
Was I right?
Looks like Strategic Investments took a day off from shorting and selling the stock to buy. Most likely he’s been shorting for months to hedge his massive investment until a catalyst comes to fruition. My guess is he’s currently taking so much heat from other investors, that he hit the pause button on shorting and selling and bought up some shares to take eyes off of him. I’d expect him to start shorting and selling again soon and we’ll probably see it dip back down.
@StrategicInvestments had approximately 10 million shares at his peak. He’s the biggest retail investor and pumper. You telling me he hasn’t sold a share and is locked…I’d guess he’s selling daily