Capstone Companies Inc (CAPC)

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My birthday was in January

But thanks anyway. Speaking of assets, when China Direct acquired Capstone, many promises/covenants/representations were made, by both sides.

One of those was to give Mr. Wallach registration rights for the shares underlying his Class B preferred shares:


Registration Rights: Purchaser shall cause a registration statement to be filed under the Securities Act of 1933, as amended, within sixty (60) days after the date first written above and said registration statement shall register, at a minimum, that number of Purchaser Common Shares necessary to cover the conversion of the Purchaser’s Shares issued to the Sellers hereunder as well as the Purchaser’s Shares of any other selling shareholders of the Purchaser with registration rights.

60 days have come and gone and more. I don't see any registrations, or any amended agreements. Did I miss a filing?

I note that Mr. Wallach's shares are currently worth about a third of the value he got when the deal was consummated last September.