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The only hope for older shareholders is some kind of share acquisition by someone or some parties other than the group the board is attempting to sell the company to with 146.6 millions issued to them for 20.46 cents per share if they win the vote on February 7th. Registered shares at time of vote could upset the company and board plans to fleece the current investors, but who is it buying? and what if sale goes thru?
Congrats on great trade! 17-40...
We might have room for one more in this stock over the next few weeks, but if it doesn't happen by then.. most likely upside becomes limited. Downside is probably 20 cents for next three weeks, but if buyout.. we could see much higher.
Hope you have a great year and more trades like the one you just had.
Vote NO on private equity 80 percent ownership grab. The stock is being sold for less than it is worth and the company is being sold for far less than it is worth.
Stock is worth more, but will a white knight emerge? Stock could still easily garner 2 bucks a share or more in a arms length sale of stock or the company, but the stock price was and is manipulated.. Consider with about 29 million shares outstanding that somehow over 90 percent of the outstanding stock was traded yesterday.. Look at price chart.. trading below a buck was unknown until late this summer to early fall. The stock was well over ten when it went public, over five last spring, over two during most of the summer. The company was supposed to be raising capital beginning last winter and spring. Just how do they get off offering 146 plus million shares at just over 20 cents per share. This is wrong and not in shareholders best interest. Vote No and can anyone say.. shareholder lawsuit?
Management with such a low offering price for control of the company has essentially put up the for sale sign for the company. Selling shares so cheap would truly screw over the founders and major shareholders, so it is likely they will make a counter offer at a higher price per share than it is currently trading at. Stay tuned. Thinking we could easily see an offer to buy most outstanding shares at over 50 cents.
Could the hammered UTRS - Minerva surgical soon be a pincher play? Please take a look and let me know.
https://stockcharts.com/c-sc/sc?s=UTRS&p=D&b=5&g=0&i=t8913537165c&r=1668632973197
The stock of Minerva surgical symbol UTRS is trading near its all time low at 20 cents per share as of the time of this posting. It went public with a market cap of a little over 300 million in October of 2021. Its current market cap is about 6 million. Yes it is currently trading at a few pennies on the dollar compared to when it went public just over one year ago.
Minerva surgical UTRS has a significant payroll and the company is spending money as if it has financing lined up if it runs out of cash within one year at its current burn rate. The spending makes sense if the company is expected or hoped by management to be bought out and or if so improves sales and performance as to merit a return to IPO like market cap and share price around 10-12 dollars per share.
If put on the market and sold, Minerave surgical expenses this year will not have to be recognized by the acquiring company if the deal closes next year or the year after imo. The company is making itself an attractive takeover candidate to repeat for emphasis because its current expenses and losses to stimulate and generate sales and increase the value of the company will likely not be recognized by acquiring company if or when a merger takes place AFTER this year and maybe after next.
The President of the company thinks the company was fairly valued when it went public. However even at these depressed prices he and the company have not made any significant purchases of company stock apart from taking compensation in stock and Dave Clapper buying 25000 shares at over 4 dollars per share early last year.
The stock price may have taken a justifiable hit due to Covid restrictions and measures that negatively impacted its sales. The restrictions continue to ease which should help the company with its headwinds, which are still Covid measures and restrictions related as it has had a significant negative impact on the elective procedures the company sells its product into and also an adverse impact on health care workers such as nurses needed to perform the elected procedures.
Things are beginning to improve and with it sales and the worth of the company should improve significantly over the next six to nine months and then we see what happens. I hope some will find this company worth a look and worthy of discussion.
Best to all in their trading,
Mike
When we invest, people are the most important part of the investment. When has Capstone Management ever shown to be putting the interest of shareholders ahead of their own in the past seven years? Not once? It appears the real owner is the Lender. The stock is worthless at any price unless or until Management shows they value it, by owning it themselves and likely this will NEVER happen. I have seen around a dozen companies like this that get in debt and eventually go under. Capstone might be worth a gamble for a short term trade near here, but it is risky as we just don't know when the company will throw in their hat and let the Lender take over. Always this promise. just around the corner.. but beware the book to bill ratio dropped back to 1:1 this past quarter which means quarterly booking dropped by about 40 percent or more from the previous two quarters.. I am estimating here.. but that is Bad news.
Hi Wadirum1 and the rest here,
It looked to me like CPST was going to be a pincher play, but it has failed yet again.. company just raised 5 million bucks from institutional investors at discount to then price of 62 cents at 50 cents.. which feels a little desparate.. but price now around 55 to 56 cents.. maybe next week... month? I took my loss and might buy in once the charts look better. Any other good pincher plays?
Mike
What is needed to confirm that CPST is pinching?
pinch in progress?
Thanks Wadirum1!
Looking at as a pincher play, not a long term hold. Please note company shareholder are voting to approve or not approve a reverse split of 1:5 to 1:10 tomorrow I think.
Mike
Hi Guys and Gals,
Long time follower of Capstone, but I have not posted here in ages.
Just thought I would share my take.
Get ready for a pump up in the share prices... within the next three to six months.. beginning as early as today, but not in earnest until well AFTER the reverse split.
In terms of share price, it should be able to make it back up to a buck and change pre reverse split.. so if a 5:1 reverse split.. target price would be 5+ and if a 10:1 reverse split.. 10+.
Why on earth would buyers come in and why the pump?
I think Jamison and the gang want to retire.. get out.. within the next couple years, that is why...
They are going to max sales reporting beginning very soon.. and begin to post results that show 20 to 30 percent year over year improvements. and the burn rate will fall in half.. and the powers that be will drive this price up in an epic PUMP and then after Jamison and the crooks have gotten out and maybe even went short in a year or two's time.. they will dump this to bankruptcy. Just my take.. high risk buy here, but I think that is the play.
Mike
Could this be a pincher play?
Chronically under performing company that burns about 21 million in cash per year, but might be slowly turning around and has a good recent book to bill ratio indicating sales are going to go up 20 to 30 percent over the next year.
cpst chart
Thanks for any input.
Mike
When will Capstone Turbine shine? Long time passing...
Hey, until we see consistent growth in the book to bill ratio and solid sales gains from quarter to quarter... anyone buying this is fooling themselves.. if ever there was a show me company it is Capstone Turbine.
However, having said this, this dog's day seems long overdue.
now with the new financing.. co can no longer just survive it now has to thrive or perish.. stay tuned.
Not sure we will ever see strong push for ng vehicles until there is some sanity to the climate change agenda and zeal to reduce C02 to zero. Until reason comes to the whole C02 is bad, the political headwinds spell problems for WPRT. But if Nat gas became in.. sky is the limit.. but until then we should stay near a potentially downward sloping floor.
This is being set up for future price gains. Revenues have cratered.. losses are being cut, expenses are being cut.. and the key for me short term will be growth in sales and bookings. If oil trends back up.. and russian relations thaw under trump... and financing boost sales.. well.. we could see 20 million this quarter... about the same next and then a jump to 25 million and higher going forward... if this is supposed to be reflected six months out.. move up should begin soon.
This board sure is dead... well just my take but things are about to improve. Yes, this has been said before.. but we could be entering a perfect storm for capstone once Trump is officially in office.. this should see better Russian business, coupled with worse relations with Muslim nations, especially those who produce and export oil. It appears they kept prices down to help out Obama, but not so with Trump, so oil prices should move up.. and that means more drilling in usa.. better and more lasting prospects in Russia and viola.. sales should finally move up.. probably hit 20 million per quarter soon... and 25 million per quarter by this fall. Stock price could and should move up with this.. so I am calling for a 50/50 chance no need for reverse split by June with price over a buck for ten days in a row before then.. while that may not be great for those of us who have average prices well over a buck.. in my case probably closer to two... well this just appears to me to be the time for this stock and company to do better. Thoughts?
How do we know the two convertible note holders sold all stock they received except for the 16.8 million shares they received in July? I find it extremely hard to believe they sold all previous shares to the public... without shorting before they received from the company.
They did not sell the shares leading up to the shareholder meeting where Management was able to vote any and all shares owned by them in excess of 10 percent of the company stock.
They were/are scheduled to receive another boatload any day now if they have not received them already.. probably another 50-75 million, maybe more if this is negotiated as badly as previously.
My take is they will be selling a lot of shares and if they held more than the 16.8, as I suspect.. they will be selling more shares than the market will be able to absorb without sinking the stock price big time.
Maxim is back.. look out below!
There is no way for shareholders to right the ship, so it must sink is how this looks to me... too bad.. great product.. maybe we could buy the senior convertible notes after company defaults and get all the property for a good price then may be the best way to invest... after bankruptcy.. whoever buys the IP will do well, but before... no idea... too risky for me.
Company Management is at the very least criminally negligent and at the worst they are part of the shareholder defrauding scheme they entered into thru Maxim.
Company has only raised 4.8 million since July, 2015... only 4.3 million net (15.1 million they put company on line for less 10.8 still not released from control accounts, while paying interest on the whole 15.1 million)from from bad, corrupt and toxic shareholder and stock price killing, but management and note holder enriching deal... and half a million from 35 cent per share offering at end of 1st quarter.. at 35 cents per share...
Company could have sold stock under an at the market plan without going into debt and done much, much better.. both raising at least the ten million needed.. and done so without killing the stock price any where near what they have accomplished with the deal they sank us all with thru Maxim.
It is wrong.. it cannot be mere incompetence... The buck needs to stop with Mullan, but we could not fire him and anyone else there right now due to the deal they have with convertible note holders.. Management gets to vote the bulk of all the shares printed since July at the shareholder meeting.
Company has used stock to pay monthly debt payments in April, May, June and now July.. and paid out 155 million shares to do this so far. Due to price decline, manipulated thru Maxim thru shorting scheme as agent for shark note holders, this has exploded.. from 7.2 million for April and May monthly payments to 148 million shares, issued at about 55/100ths of a cent for the June and July payments.. so what happens for August.. September... and in the future?
Current outstanding balance on debt is 15.1 million and 10.8 has not yet been released.. with half a million to be released still subject to equity agreement company is in violation of today, so company has only received,net.. 4.3 million... and what has company received in exchange.. one of the greatest stock price murders of recent times.. so far price has fallen from about 50 cents to a penny in less than four months..
Management gets to vote the shares convertible shark lenders have over 10 percent.. which is probably over 60 percent now and may be higher if shareholder meeting held anywhere near August 12th, as August payment in stock will be paid to shareholders by then... raising outstanding shares to around 260 million or more by then... and don't forget.. the stock is probably trading base upon 60 million shares outstanding until after convertible note holders begin to sell the stock they own over limit of ten percent on the market after the shareholder meeting.
yes, convertible note holders have it written into contract made thru Maxim that they are not to hold greater than 9.99% of stock... period... they can only go over for a short period of time.. also Management had written in if they go over limit.. voting rights go to Management for any shares over the limit. We need to take a look at time limit.. it appears it is extended if cannot sell.. like current agreement until shareholder meeting has taken place.
You do realize over 100 million of the total 170 million shares outstanding will soon have to be sold, but now cannot be sold until after the meeting?... and that another 75-90 million shares will most likely be paid to convertible note holders by early August and also have to be sold... so the shear number of shares hitting the market will be huge.. and the number of shares outstanding will have grown from 15 million on March 31st, to 22.2 Million as of May 9th and to 170 million by July 7th and likely to 260 million by early August and that there will be no floor share price unless new agreement is reached after the shareholder meeting.. which will take place within a few weeks... and trading volume limit for convertible note holders has been increased... and will now be 50 percent of trading volume.. after meeting, right? You might want to sell into any strength, pre meeting.
There is no excuse for the deal they got into.. nor for allowing convertible note holders to hold stock until after meeting.. under guise that they cannot sell for under 2 cents per share... which really means Management with sole voting power over surplus stock can and will vote however they want and keep control over meeting and that shareholders will have No voice.. no effective vote and Management will stay in power.. no recall.. no way to vote out.. no way to vote against the terrible deal.
If not out already, I really think we need to sell and sell soon... I would short, but what if company had news or got alternative financing.. that could really change things, but if not.. I think with so much supply coming to market, we could see stock price drop and more than likely it will drop to new lows very soon after the shareholder meeting. I sure hope I am wrong for any who stay long.. but I will not be owning the stock into the meeting.
We have until shareholder meeting to get out. Shareholder meeting will take place sometime between end of July and August 12th at the very latest.
That may seem like a while, but in addition to convertible bond holders beginning to sell stock as soon as shareholder meeting is in.. whether by end of July or August 12th, they will be receiving more stock... who knows, maybe another 75-100 million shares before they can sell the 100 million shares they already own and want to sell.. so that means we could see 175-200 million shares hit the market as soon as shareholder meeting is concluded... that is a lot of shares!!
Well, at least company gave us an update (shrug). Not sure we will be making any money or cutting our losses on this anytime soon.
I think we need to sell soon and wait to re enter until after quarterly results announced, when I expect outstanding shares to be updated to at least 250 million.. maybe more.. seems this is negotiated from weakness.. which is a shame.. shame on Management and on us for trusting them... look back will use 80 percent discount to the lowest 5 day stock price over last 40 days... which means if co pays with stock again in August.. and based on news.. we can count on them to do this.. the price of the stock convertible note holders receive at will be at about 6/10ths of a cent...
Ouch!
170,444,758 shares of common stock outstanding!
http://investors.rockcreekpharmaceuticals.com/investors-sec-filings
Shareholder meeting is and will be a sham. Time to complain to SEC, FINRA, FBI white collar.. etc.. The terms of note and company right to shares owned by convertible note holders means it is impossible to vote out managment or directors or for shareholders to prevail on any motion. This is a sham.
I will not hold this stock and recommend all sell prior to meeting. We have NO effective vote anyway, so no reason to hold or even attend.
Company Management votes all shares owned by convertible note holders that are in excess of ten (10) percent of their combined ownership of company stock. As of today.. convertible note holders own about 100 million shares and more than sixty percent of the company..
Current board and Management will have voting power over more than 50% of the total shares outstanding at the meeting.
Floor selling price of 2 cents until meeting or August 12th is a is illusion.. it is just until shareholder meeting and vote... Hudson Bay limited to 30% of trading volume and Alto is limited to 20% going forward... so 50% combined and they have around 100 million shares that will be for sale beginning immediately after shareholder meeting and lets not forget whatever shares they get for next monthly installment.. if this is made with stock... it could be another 75 million plus.
then reverse split of 100 or 200 to 1 and then the big dump... there is NO floor share price once meeting has taken place.. NONE.
I really think company needs to make monthly decisions public unless or until negotiations make things more definite and certain and that should be announced as well.
For making the monthly principal and interest payments.. before each payment amount became less certain and subject to negotiations... If I am reading things correctly... it is 8% interest on all amounts loaned and the principal portion is 1/20th of total amounts released from restricted accounts.
This would break down to interest of about $125,000 monthly.. and principal payments of 1/20th over amount advanced and released from restricted accounts, which would be now about $250,000 per month..
The stock price used would be 80 percent of lowest 5 days average price.. over last 40 days or about 7/10ths of a cent.
so company would either pay between 350 and 400 K in cash or with total number of shares of stock by dividing this by 7/10ths of a cent.. or a little more than 50 million shares this time around plus maybe more shares since this is negotiated share total if company opts to pay with stock.
Monthly debt payment w/stock on July 18th?
Does anyone know if company made or plans to make next monthly debt payment with cash or will it be making payment with stock due to otherwise be made by July 18th? Could payment come on a different date before this? This is uncertainty when company negotiates how and possibly when to pay with stock or cash.
If payment is to be made with cash... great... I want to buy more stock, but if monthly debt payment is to be made with stock... based on previous monthly payments and then sell orders by convertible note holders, it might be wise to wait until the stock is sold by end of July before buying more.
Maybe they will negotiate part cash/part stock?
If anyone finds out how company is making payment and, if it is on 10th trading day or July 18th, with stock and how many shares will be used in payment, please share.
Thanks in advance.
Thanks... huge potential, any idea for why stock has sold off so much? Thinking I will buy a few thousand shares for starter position today.
$AMRS, neat company... are you still long? What would your price target be on upside and would you recommend buying in the sub 40 cent area?
Thanks... here is where you can get it for free... not quite real time, but close... maybe a twenty second delay.
http://www.otcmarkets.com/stock/RCPI/quote
got some nice buying and no Maxim..
ASCM - Ascendiant is back... last time they appeared to be around is when price driven down from 1.3 cents to a penny in early trading on June 3rd. If convertible note holders replace Maxim, could ASCM be new seller to watch?
Company is protecting IP with patents, but testing and approval will take a couple more years. It is a good sign imo that company is making sure IP is protected both in the USA, Japan and Europe. But they really need to get moving with testing and with Virginia Governor now found not guilty...it is time to move for an IND with FDA.
Took quick look at otc level 2 and almost panicked...
Maxim was on top of page...
http://www.otcmarkets.com/stock/RCPI/quote
Maxim being at low ask is never good, but if 200 could ever be low ask.. that would be great... currently Maxim has just not renewed or updated bid and ask from July 1st.
Thanks interloper.
I am trying to find timing of next monthly payment by company and whether they make it with default stock or with cash.
This might impact whether stock moves up longer term and could impact things if known shorter term. Co does not announce, or at least has not so far, so only Co or convertible note holders would know for sure and maybe whoever sells stock for note holders, like maybe Maxim.
Love IP, think new testing could work well, but that funding agreement.. got to keep an eye on it.
Unless stock catches fire in final 15 minutes today.. its looking more and more likely it was just a one day pop... oh well... still hoping for my first true pincher play, thanks for all your charts and input interloper!
Agree 100 percent on high value for IP, but
Thinking we probably don't hear from company until quarterly results are posted somewhere between August 8th and 15th.
I have lobbied for press release sooner when I had a chance to speak with Ted Jenkins. Reading between the lines it appears there was some opposition to company making monthly payments with cash and providing more frequent updates, just hoping things change.
I really want to see trials of the old anatabloc... maybe a little stronger version... it really seemed to help me when I took them previously.. tried to order when they were not going to be able to sell anymore, but no luck, someone beat me out for last two containers.. thinking we need to have company show us.. but with the explosive potential here.. it is hard to wait and easier to stay invested and maybe average in... and hopefully not have to average down anymore.
Craig, when does company make monthly payment with stock or cash if these payments are still being negotiated?
At one time Co was supposed to pay by last trading day of month... then I was thinking with stock it was 11th trading day of month, with decision made at least ten trading days prior.. but I can't seem to get my mind around this and have not gotten any clearer picture from company.
Have you had a chance to talk to Ted Jenkins again?
I spoke with him and he was willing to take the time to listen to my concerns and he said he passed what I shared on to the board.
The timing is what i would like to know... last month stock got hit about this time in the day on the 1st of June... about when decision would be known to convertible note holders, if payment made on 11th trading day.. decision would be delayed a day this month because of 4th of July, so either today or on the 5th decision needs to be made.. but not sure.. does co pay with stock by 11th trading day of July or with cash by last trading day?
Inquiring minds would like to know.
This is important since 80 percent of lowest five day average for stock would mean company making payment based on stock price of about 65/100ths of a cent.. on what appears to be negotiated payment of about 400,000 for principal and interest with what appears some extra stock thrown in to get to this dollar amount... any ideas?
Could enterprise value really be 16.21 million?
Other sites say it is lower, but if true per Yahoo... that is a lot higher than current share price would indicate.
Per Yahoo Finance.
Market Cap (intraday)5: 297.91K
Enterprise Value (Jul 1, 2016)3: 16.21M
The more who call and write requesting press release..
the more likely we will get one. I have asked co. for press release... it couldn't hurt to ask.
It can't be that hard to catch them!
I question how hard it is to tell if these guys are shorting..there must be records of the trades they made...
For instance, for Maxim... that market seller... can probably be documented to have sold 50 million shares net, net, since February... and there are sure to be records of when client sellers like convertible noteholders delivered shares and when selling was done without the shares
and when net short for a day.. they should have to report something... it is more a question of the will to catch them than anything as far as I am aware.
How about if a individual, market maker and all related entities have a short position of 5% or greater they have to report, just like longs and with the same or worse consequences?