![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, August 04, 2012 10:53:12 AM
As Flp has stated, Capstone certainly doesn't have squat in the way of assets that a competitor would want but they do have a certain "nuisance value" in the marketplace. And their Chinese supplier relationship might be of interest to supplement a takeover company's playtoys.
So a sale of the company at even the present low capitalized value might make sense if a only handful of directors stood to profit from same. If these directors/insiders granted themselves shares of a new "B2 Preferred Stock" with highly selective liquidation rights, they could benefit from a "fire sale" of the corporation even while the average shareholder receives nothing, or a tiny pittance for his shares.
To do this, the group would have to control 50.1% of the outstanding shares.
Jeffrey Postal is trying to buy 50M Shares.
Wallach has a history of taking a controlling interest in companies and then selling them.
A previous attempt to vest control in Wallach and Postal and allow them virtual unlimited power to sell off the operating division to themselves, or others, failed and was officially deemed a mistake!
Draw your own conclusions.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
Recent CAPC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:39:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:42:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:55:51 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM