Capstone Companies Inc (CAPC)

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The preferred shares issued to CPS

were returned and cancelled in the first quarter. The series B shares sold to Mr. Ullman, Mr. Postal and Mr. Holtz for cash are still held by their owners (minus 15K that were traded in for about a million common shares). At least that's what I can see, anyone else?

Interesting to note, if all the preferred A and B shares were converted to common(series A at 1000 to 1, and series B at 66.67 to 1), they'd need about 67M common shares, by my calculations. They don't have that many left for issuance.

Regards