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Saturday, November 19, 2022 3:59:54 AM
That's about 10 mirrors. For those keeping score, that's about 50 mirrors sold for 2022, more or less. If you believed the penny stock promoters, we should be approaching a million mirrors sold by now.
For 3Q, CAPC spent $13K warehousing, shipping and handling that <$10K mirror revenue.
The whole company is effectively dormant, except for social media posts.
McClinton was brought back on a short term (paid by the day) employment contract to file this 10Q. His new term ends on 11/30/2022.
The election of directors has not happened yet, and the record date to vote was moved.
Whole company seems to be on pause. I think Wallach is tired, and embarrassed about his total eff-up of the company. I think the company is either reorganizing or getting sold. In either case, the outlook is not good for common shareholders.
Net tangible assets are less than zero (-$647K). What are you buying, if you buy the company, besides an overvalued inventory of smart mirrors that have been repudiated by the market? Why would you overpay for that?
The cutting board idea is stupid. I rank it below the smart mirror, and I was very negative on that one. I doubt we ever see it for sale. Anyone got the FCC grant ID for the tablet? No? You're not manufacturing or shipping it without one.
In short: Don't fall for the latest stock promotion that's clearly running behind the scenes.
Recent CAPC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:42:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:55:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 07:14:52 PM
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
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