Capstone Companies Inc (CAPC)

[flptrnkng]

Looks like management steps up again.

As they've stated several times in SEC filings, CAPC is currently not credit-worthy.

Loans from officers/directors is pretty much 'last resort'. The other option is more share sales to private investors.

Speaking of that, what happened to the $1.5 million they raised in April?

Looking at the quarterlies, they probably spent ~$450K on mirror parts that shows up in pre-paid expenses in 2Q. Where did the other $million$ go?

SG&A? Kind of ironic there's no S to cover that expense.

Should be an interesting 3Q 10Q to dig through.

Oh, and the bit about 5% being a good deal? Yeah, for the lenders. That's about 500x what I earn on my savings account.

Who wouldn't lend secured money at that rate?