Capstone Companies Inc (CAPC)

[flptrnkng]

Directors don't own half the shares. That is a lie.

Indiegogo is supposed to be for start-ups, with a prototype idea, to finance the development and initial build costs. The campaign has been live for 8 days. Zero backer interest so far.

The Capstone smart mirror has been in development for 6 years. It was launched 4 years ago at CES 2019. It has failed in the marketplace. They've given away as many as they've sold.

Even if the Indiegogo campaign sells all 900 mirrors they have in inventory, they can't pay the $1.1 million they owe in April. Let's ignore the $645,000 they owe in November.

Insolvency looms. There is nothing to love here.