Capstone Companies Inc (CAPC)

[flptrnkng]

Minimum payments of $5011.60 due

monthly, and they credit to interest accrued before principal, which means the loan is all interest, if they make minimum payments over the next two years.

There is conflicting information in the Promissory Note about prepayment penalties. I'm guessing no prepayment penalty.

The Promissory Note also includes this howler of a typo:

"Any Shares issued hereunder shall have a value of twenty cents ($0.02) per share for purposes of calculating the amount of Principal or Interest paid by the issuance of each Share."

The Note:
http://www.sec.gov/Archives/edgar/data/814926/000093980207000159/form8k053007ex99-1.txt

Regards