Capstone Companies Inc (CAPC)

[flptrnkng]

What's the Hold-up on changing the share structure.

In May, CAPC voted to increase the A/S to 300M shares. It was filed with Florida SOS as a Corporate Amendment in June. It's now December, and CAPC still hasn't told its Transfer Agent about the change.



They can't move forward without recapitalization. They can't do that until they tell the Transfer Agent about the change. No one will lend them money. At some point Wallach is going to be tapped out on funds. At some point, Fleisig and Khoury are going to want their loans repaid. CAPC can't keep pushing out due dates indefinitely.

Of course, CAPC doesn't really have to file anything until end of March 2024, so, buckle in for a long cold CAPC winter.