Capstone Companies Inc (CAPC)

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Cogently stated, DD

To that, I would only add: pay attention to the current accounts.

Current liabilities exceed current assets by ~$2.1 million. They've handled this gap recently by paying off short term loans with money from new short term loans.

They can't keep this up indefinitely. The last time current accounts got out of whack, Involve LLC stepped up with a $700K investment, which filled the gap. I believe the share price is now under pressure from the new supply of shares (Involve LLC converted their shares to common in May - 67 million shares).

This time around, my gut says some short term loans will be repaid with shares, either preferred or common, directly to the lenders (management).

It will give them absolute voting control. Maybe Wallach takes CAPC private after that.