Its been a pretty lean period for Press Releases since the last ones on 07/09 and 07/11. Due to glut of natural gas on the domestic front many existing wells are being capped and the drilling of new ones has slowed considerably. At the current time there is no place to store any recovered gas nor export terminals to sell it overseas.
The upward movement in the price of Henry Hub Natural gas, since the low on April 19, is the result of the unusual hot weather pattern and the use of more electricity for air conditioning. Of interest also is that the severe drought is having a negative effect on fracking due the cost of water. All of these variables could be part of the reason we haven't heard of more "big" domestic orders since July 9.
The continued sideways movement of CPST shares is no doubt influenced by the factors mentioned above plus another pending round of dilution. I realize, of course, that a large portion of earnings comes from markets outside the US, which hopefully will mitigate the slowdown here. Nevertheless, if management continues with this pattern of continued dilution the stock will soon be worthless IMHO.
I'm very certain that my shares, and they are considerable, will be voted just about the same as Gene suggested in post 13226. I agree wholeheartedly with his sentiments, i.e. "It's time management shares with us the burden of a $1.00 stock price..Vote..NO..PROPOSAL 2..3..and 4
The Spigot Has Run Dry" and those of leslunier
All of that being said nothing would make me happier than some blowout numbers during the upcoming CC. DJ can stop all of the "share some color, getting kicked under the table, looking over the tips of my skis" nonsense and show us some decent numbers. I still stand by my comment from way back where I suggested the management start taking a hit in pay for each quarter that they don't show a profit. They aren't the least bit bashful at offering up new management incentives for reaching certain milestones, why not put in a few proposals for taking a hit when they don't? I'll vote yea for those.
The road to profit still seems a bit longer and as we go quarter to quarter listening to the same old story about waiting until next quarter, royalty payments, warrants, and such. "Capstone is a great buy at a dollar" comments from the Seeking Alpha, Motley Crew, Cramer, Stockmaster, Zacks, VFC's Stock House, et al, don't seem to be working too well lately. Perhaps the time has come to stop projecting what could be and start producing real numbers which equate to profits.
I'll be one of the first on the board to SHOUT "its about time, rock and roll, and a long time coming" when Capstone turns a profit.
