Capstone Companies Inc (CAPC)

[flptrnkng]

Couple of observations about Howard's shares

The preferred shares are non-voting (someone check me on that). I believe he will move to maintain his 51% majority holding of common shares. That could mean converting some of his preferred back to common at some point.

The wild card here is the private placement, if indeed it did take place.

Howard's common holdings were 287,626,178 shares, as of May 10th. That makes him a majority holder as long as the O/S stays below about 575M. If there was a private placement, what is the O/S now?

To me, this points to an increase in the A/S sometime this year.

Regards