Replies to post #81762 on Capstone Companies Inc (CAPC)

[flptrnkng]

Ironically?

That document was not filed when I posted about the Shell Risk.

The company 'confirms it is not a shell'?

That is not Capstone's call to make. The definition of a shell company is straightforward.

Shell company. The term shell company means a registrant, other than an asset-backed issuer as defined in Item 1101(b) of Regulation AB (§ 229.1101(b) of this chapter), that has:

(1) No or nominal operations; and

(2) Either:

(i) No or nominal assets;

(ii) Assets consisting solely of cash and cash equivalents; or

(iii) Assets consisting of any amount of cash and cash equivalents and nominal other assets.

That situation has existed since June 2024, when Capstone liquidated their remaining Smart Mirror stock.