Capstone Companies Inc (CAPC)

[Salve Lucrum]

Shareholder voting? It's a matter of semantics.

Yes, they had to go to the "shareholders" to reach the 50.1% majority they needed to railroad through the the vote.

On October 29, 2013, the Reporting Company solicited the written consent of 10 or fewer holders of record of the Common Stock for consent

The other shareholders, many who have loyally watched their stock decline over the years, might have liked to record their vote of approbation or disapproval as a matter of record. Guess they've learned how much their stockholder rights count

But hey, as the company pointed out, this saved money (which could better be spent to give our underpaid CEO another raise?)

Stewart's B-2 Stealth Bomber is finally airborne!