DanntMac, you make a good, if frightening, point
As Flp has stated, Capstone certainly doesn't have squat in the way of assets that a competitor would want but they do have a certain "nuisance value" in the marketplace. And their Chinese supplier relationship might be of interest to supplement a takeover company's playtoys.
So a sale of the company at even the present low capitalized value might make sense if a only handful of directors stood to profit from same. If these directors/insiders granted themselves shares of a new "B2 Preferred Stock" with highly selective liquidation rights, they could benefit from a "fire sale" of the corporation even while the average shareholder receives nothing, or a tiny pittance for his shares.
To do this, the group would have to control 50.1% of the outstanding shares.
Jeffrey Postal is trying to buy 50M Shares.
Wallach has a history of taking a controlling interest in companies and then selling them.
A previous attempt to vest control in Wallach and Postal and allow them virtual unlimited power to sell off the operating division to themselves, or others, failed and was officially deemed a mistake!
Draw your own conclusions.
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