Those 12 insider buys; all in this month(several with cash on the open market) by officers, directors, and the CEOs are telling me they EXPECT profits, as do those that bought the offered public warrants @ $1.92...The filing is part of the strategy!! How, why; I can only guess, but to make a profit for the big boys, the pps has to go up!
Right now, EOY holiday play is weak and CPST is recycling. Time to accumulate mojo. New legs in the new year, imho.
It appears to have been a general statement of how many TOTAL shares, common and prefered, they have, and ALL the possible actions that they COULD take with them. This is not a statement of intention.
The filing suggested it was to give flexibility to take action IF needed instead of filing formalities later. Maybe they are adapting to their experiences they had during the public warrant offering in Sept. where they raised $28M successfully.
I find the timing very interesting for this unusual filing; the last days before the new year. TAX issues benefits? Are there any new filing or disbursement issues with the SEC going into effect in the new year with all the recent economic issues and the SEC's screw ups as watch dog, and those who will now be the watchdog of the SEC?, Is CPST covering itself or protecting itself and future actions with this unusual general filing?
Borrowing in the future is going to be VERY difficult, especially for a company not quite out of the red yet. Is this a statement to share holders that any money needed to continue production to ship the $50M in back orders is there if needed?
Don't listen to hype or panic. Watch your charts....
