Replies to post #32616 on Capstone Companies Inc (CAPC)

[flptrnkng]

Dizzy, it does

When they netted it all out, the whole CPS experiment was shown as a gain of $149K.


RESULTS OF OPERATIONS - For the year ended December 31, 2006, the Company had a net loss from continuing operations of approximately $228,000 and income from discontinued operations of approximately $149,424. The income from discontinued operations were from the disposal of CPS.

...
The results of operations attributable to Capstone are included in the
consolidated results of operating beginning on September 13, 2006, the date on
which the Company's interest in Capstone was acquired.

The results of operations attributable to the Company's interest in its former subsidiary, CPS, for the period of time in which majority interest in CPS was held by the Company (January 27, 2006 through December 31, 2006) are included in
the loss from discontinued operations on the consolidated statement of income (loss). All significant intercompany balances and transactions have been eliminated.

Regards