Sunday, September 13, 2015 12:36:20 PM
When they originally invested, they were supposed to get two board seats as a part of the deal.
They never got those seats. Also, by converting their preferred shares to common, they lost their liquidation preference.
I think they converted to 'bail' on this investment. Yes, as you've noted, it will be hard for them given the lack of liquidity.
I'd watch for flurries of sales, where bids get taken out. This has happened already (remember when it hit 0.009 in July?). I believe that's Involve LLC getting un-involved.
Plenty more shares to go. It's not helping that CAPC will likely post another loss for the year.
Wait Til Next Year!!! Yeah, I know...the old rallying cry. Good Luck, Salve.
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