Capstone Companies Inc (CAPC)

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PIPE shares re-legend after 90 days, if they don't sell the shares.

Have you not researched this?

The act of getting the legends removed from the restricted shares doesn't cause the dump; the desire to make a profit on their 60 cent shares causes the dump.

The de-legending is not automatic. The holder has to request, the company has to provide a legal opinion that it is OK, then the transfer agent has to allow it.

At that point, they have shares they can sell into the market (or use to cover a previous short position), and the 90 day clock starts.