Capstone Companies Inc (CAPC)

[greasemonkeyshoes]

Standing Down Mode......
and likely to continue throughout post-pandemic 2020.
4Q 2019(pre-pandemic):
revenue $0.5 million( one scenario: l666 units@250 if were all mirrors)
loss -$0.52
cash+a/r $3.1
need done 2020:
Sales and marketing down to 250k(33% cut)
Compensation down to 250k(14 down to 9 employees)
Professional fees 50k(50% cut)
Product development no change

rock and a hard place:
6q cash life span with $0.5 million burn rate if things are not getting better
big/medium/small bet on the smart mirrors,all with outcome of losses??

bottom line:
a good buy: 5-7c(equivalent to cash per share of 6.7c)
a great buy: 5c and lower

down side:
I believe the company survival chance is 50/50 in 2021 and material contribution of smart mirror is negligible in 2020,2021?????????

what I am betting on when I buy at these low prices:
a transformed company,truly lean and mean
from led(legacy) to surface mount devices-ex smart mirror
beefed up Thailand sourcing operation