Capstone Companies Inc (CAPC)

[Salve Lucrum]

Townie, With reference to your statement:

The Company has every right to run the business as they determine.

That statement is false

Not only are they constrained by a plethora ol rules, regulations and laws governing the general operation of the business, but there are a group of specific legal barriers to any "right" to run the business as a private fiefdom, even if they gain majority control.

Capstone directors and officers have a legal fiduciary duty to their shareholders. They are accountable not only for the safekeeping of assets but also for their efficient and effective use. Neither directors nor officers may profit personally at the expense of, or contrary to, other shareholders. In other words, Capstone corporate must place the interests of CAPC shareholders above their own interests.

As a part of their fiduciary duties corporate directors and officers are under three general legal duties: the duty to act carefully, the duty to act loyally, and the duty to act lawfully.

This is not a private company! They cannot simply "run the business as they determine".