Jimmy,
Wynnefield bought in at around $9 a year ago.
If they were so smart they would have waited or not bought in at all. Wynnefield has turned $9m dollars into $4.4m in one year.
Is a negative 50% return on capital a good investment? A hedge fund wouldn't stay in business long with that performance but if you judge that differently, okay.
As for Capstone, a non sequitar. You can sign an agreement to buy the Taj Mahal. Doesn't mean you own it or will ever buy it.
Capstone deal is literally nothing. A worthless contract with no penalty if $90m in sales is not reached and warrants carry cancellation clause and have no value yet overstate the current value of Capstone.at a fixed price of $200m.
Phil Frost convertible has him in @ $4 a share and he has sold roughly half his position at a higher price. Decent performance and significantly hedged.
Wynnefield Capital is in 1.04m shares @ $9 and has accumulated a $4.5m loss so far.
You cite Wynnefield as an example of positive comp? LOL