Capstone Companies Inc (CAPC)

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No rush, DD

The discount was fixed when they did the PPM, 15% to then prevailing bid price of 2 cents per share, or 1.7 cents.

The size of the PP is fixed at $500K, so, fully subscribed, it will mean about 29.4M shares get sold (with restrictive legends) at .017.

Along with those 29.4M shares, will go warrants to buy 29.4M shares at .017 per share, within a 5 year period (expires sometime in 2012).

When exercised, it will mean another $500K for CHDT, and another 29.4M shares in the O/S.

Salve was right about the warrants, by the way. It's a way to entice accredited investors to buy your PP. Otherwise, why would you pay .017 for a stock that's been trading between .013 and .019 since the PP was announced? Remember, the PP shares will be restricted until registered.

I'm not totally sure the PP has sold out yet. They will tell us if and when it does.

Regards