Capstone Companies Inc (CAPC)

[hurricaneman]

I wonder what this is referring to; could this be the projected source of the greater than
expected 15 million in sales (in addition to the wall plate)? New power failure technologies and other hi-tech consumer products for Capstone to market?
from MIT?

FROM THE 10K:

Cash used for investing activities for the three months ended March 31, 2013 and 2012 was approximately ($506,000) and ($2,400) respectively. Cash used in investing activities is primarily for capital expenditures to expand design and production capacity. In this quarter, the Company directors loaned the Company $500,000 to invest in AC Kinetics, a technology based company that will support the Company’s need to develop innovative products. AC Kinetics’ team of scientists and engineer MIT PhD's, have invented and commercialized electro- mechanical breakthroughs for over 30 years. Their technologies are on millions of machines world-wide ranging from space satellites to computer disk drives.

They are working on new power failure technologies as well as other unique hi-tech consumer products for Capstone to market. Our expectation for 2013 is that we will invest up to $200,000 in new equipment and molds. Future capital requirements depend on numerous factors, including expansion of existing product lines and introduction of new products. Management believes that our cash flow from operations and current borrowing sources will provide for these necessary capital expenditures.