Capstone Companies Inc (CAPC)

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(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

? Yes ? No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Explanation: The pandemic and stay at home orders has resulted in staff working remotely which delayed the collection of information. There have been significant changes in the results of operations as compared to last year with revenue reducing by approximately 80% which has necessitated further research and disclosures. An estimate of the results at this time would not be reasonable until we have completed the evaluation and disclosures of the impact of COVID-19.

Also:

Our business operations and financial performance for the three months ended March 31, 2020 were adversely impacted which resulted in a $2.8 million or 95% decrease in net revenue.

Takeaway: CAPC not good at math. Not something you want in a company.