Replies to post #48717 on Capstone Companies Inc (CAPC)

[flptrnkng]

If I recall correctly,

there was about $900K of pre-existing debt that got subordinated as a part of securing the Sterling deal. Postal's $250K is now added to that amount.

85% of A/R and 50% of inventory amounted to a line of $2M as of May 1st; that's how I read the filing back then.

You can make some assumptions what A/R was on May 1st, based on that.

Regards