Capstone Companies Inc (CAPC)

[flptrnkng]

They already got a substantial payout. I think there might be $200K or so left to draw, if I recall correctly.

It's in the 10Q filings if you're interested.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act, which we refer to as the “CARES Act.” was enacted into law. The CARES Act includes several significant income and other business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOLs”) and allow businesses to carry back NOLs arising in 2018, 2019, and 2020 to the five prior tax years. The Company was able to carryback the 2018 and the 2019 NOLs to 2017 tax year and generate an estimated refund of previously paid income taxes at an approximate 34% federal tax rate. As of December 31, 2020, the Company had an income tax refundable of approximately $862 thousand of which approximately $576 thousand of income tax was refunded on February 3, 2021, leaving approximately $286 thousand remaining balance to be refunded as of June 30, 2021.

https://www.sec.gov/ix?doc=/Archives/edgar/data/814926/000157570521000537/capc_10q2.htm

I think it's a bit sleazy for a bunch of rich old executives to line their pockets by getting a 2017 tax refund for losses in 2018 and 2019... what does any of that have to do with Covid in 2020??

Maybe that's just me.