Capstone Companies Inc (CAPC)

[Salve Lucrum]

I believe you've made an accurate estimate.

I'm expecting them to announce record 4th quarter sales of perhaps 3.1M which would would result in 2012 revenues at approximately 9M or roughly a million bucks short of last years total. This agrees with your numbers.

I'm estimating that the additional start-up costs for the 2012 inventory based distribution program may contribute towards a total loss of around 200k, somewhat greater than your estimate.