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Alias Born 03/14/2012

Re: None

Thursday, 06/14/2012 10:13:13 PM

Thursday, June 14, 2012 10:13:13 PM

Post# of 29204
My head hurts and I'm going to join Lloyd with a 12 pack and a litre of Absolute.

Thanks to Daberfeldy over at Investor's Village

Summary
DJ says it was a great year. I don't see it.

Taking out all the warrant accounting stuff:

4th qtr loss this year: (.03)
4th qtr loss last yr: (.04)

Loss for this fiscal year: (.12)
Loss for last fiscal year: (.14)

Cash burned in operations this year: $21.4 million
Cash burned in operations last year: $21.9 million

Too little, too slow.



Thanks to Laddy over at Investor's Village

The Company recorded a non-cash benefit of $14.0 million to change in fair value of warrant liability for Fiscal 2012. Capstone's net loss for Fiscal 2012 before considering the non-cash warrant liability benefit would have been $32.8 million (calculated by subtracting the $14.0 million warrant liability benefit from the $18.8 million reported net loss), or $0.12 loss per share (calculated by subtracting a $0.05 gain per share attributable to the warrant liability benefit from the $0.07 loss per share reported). The Company recorded non-cash charges of $3.7 million to change in fair value of warrant liability during Fiscal 2011. Capstone's net loss for Fiscal 2011 before considering the non-cash warrant liability charge would have been $34.8 million (calculated by deducting the $3.7 million warrant liability charge from the $38.5 million reported net loss), or $0.14 loss per share (calculated by deducting a $0.02 loss per share attributable to the warrant liability charge from $0.16 loss per share reported).



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