Replies to post #31389 on Capstone Companies Inc (CAPC)

[Zorro]

Good question. Maybe they need a new auditor. LOL.

[Stevenvegas]

I honestly couldn't tell ya flp. I told why I'm in. Honestly could care less about last years filings other than Capstone showing rev to give guidance for this year coming

[dizzydon]

The big jump in revenue due to CPS

Before 2006 CHDT was only operating SouvenirDirect

Now, after having a 51% interest in CPS for all of 2006, its back to a smaller revenue base again ( though much greater than 1 million annually because of the Capstone acquisition ) that Howard Ullman and co. are ( I believe ) working hard at to increase.

[trader guy]

flptrnkng

The CPS repurchase agreement became effective 12/31/06. I think that because it became effective in 06, CPS revenues won't be shown on CHDT's 06 10KSB and there will be a deduction for discontinued operations. I'm not a 100% certain of this but I have seen this happen with other companies. If someone can prove me wrong on this, please do so.

If I am correct there would be no reason for a delay in CPS's numbers to hold up the filing of the K, imo. There may also be a large loss shown due to the deduction for discontinued operations, depending on how well Capstone performed in 4th quarter. If they had a good christmas season we could be pleasently surprised. We'll have to just wait and see.