Capstone Companies Inc (QB) (CAPC) Quote

Preferred B1 shares don’t have voting power

They convert into 50 million common shares. Not coincidentally representing a bit over half of the fully diluted OS, for voting control of the shell.

The holders of the Preferred B-1 will sell to Coppermine principals, or Coppermine will walk away, my opinion. It's the best deal the debt holders could get. The alternative is all shares are worthless in a defunct company.

Most likely scenario is for Alexander Jacobs to have the company issue shares to purchase his Coppermine company. He owns 19 sports facilities
“ As CEO, Mr. Jacobs will focus on developing a new business line and revenue generating operations for the Company by internal development, mergers or acquisitions, strategic or joint venture relations”

Preferred B1 shares don’t have voting power

The problem with this current valuation for the shell

is NewCo has no equity in it. Roughly 100 million shares or $7 million market cap represent the OldCo.

That's really pricey for a shell, in my opinion. Here's what I think will happen:

NewCo investors will buy the outstanding Preferred B1 shares at par, a $750K investment. That will give them voting control. $750,000 is probably a fair price for a clean, reporting shell.

At that point, I can see them doing a reverse split to reduce OldCo shareholders' equity in NewCo. Then, roll in assets and business for more equity, either preferred or common.

Ticker/name change when all this is done.

You're not buying the stock for today's balance sheet.  That's the whole point to all of this...getting in at Ground Zero. You're buying for the completion of a reverse merger with Coppermine that is a successful, pre-existing company that has millions in revenue. Hence, the excitement for the company and todays board appointee whose appointment indicates a massive expansion plan.  Coppermine currently has 20 locations and 700+ employees.  They want to expand to 5 more states in the immediate future.  This is what you're buying!  This is what you'll get when a reverse merger is completed. The only thing this new company will have in common with the old CAPC is the ticker.

Fully diluted it would have a MC of ~ $6 - $7M

This stock is an OTC unicorn!!! Just getting started! I foresee a 10X+ stock moving forward.  This is a ground level buying opportunity!

Looks like the volume is picking up nicely.
What is the value of CAPC?

Welcome to pennyland.

I tried for some .02 - .021 today no one sold to me.

I agree!

Nice volume today with recent filings I would have bought more if I saw them. Just caught up on reading.

I only have a small position. I think this can go one of many ways and I see potential. IMO I have some hope and patience.

I like my chances here. With the new guy, debt cancellation, ss, and potential reverse merger or new company etc.

So, I did my research on this company last week and many of your "assumptions" are incorrect. However, I closed all those windows and don't care enough to go research all this twice.
As for the office, this is their address of record, which IS in fact a virtual office.....

Number 144-V, 10 Fairway Drive
Suite 100
Deerfield Beach, FLORIDA, 33441
United States

How in the world can you consider a 1 cent stock to be an "investment"? Right now the company is nothing.

Capstone Companies, Inc. is a blank check company. The Company is seeking to establish a new business line and revenue generating operations through internal development, merger, acquisition or a combination of those actions. The Company has no revenue generating operations.

So, you own a stock that has just changed hands to a VC (which he is) and owns a private company, which, the only reason he would EVER include it into his now public shell is to dump debt on the shareholders. If he's so successful privately, what does he need a ton of shareholders for? What do you bring to the table at a penny a share? Use your head.
And everyone knows, in the penny world, the only reason to buy an empty shell is to reverse split into. You couldn't care less about any existing shareholders...other than to get them pumping for you.
So, its just another pump and dump candidate, with the only reason to be buying is to dump your stock before the other posters on penny stock websites do.
So, Mr. Investor...what's your time frame to hold this stock?
The last board you spent any time on, PZOO, the stock went to zero

You are correct.  I went off of what was told to me. I just read the financials on Edgar and your calcs are right.

In fact, to break even on his debt would be a share price would have to be converted at $4+.

Check your math. It's wrong. I calculate 7.33 cents to 'break even' on what's owed.

George Wolf was owed $336,875. He converted that to 68,939 Series B-1 shares, which convert to 4,595,473 common shares.

$336,875 / 4,595,473 ~ .0733 per share.

So, after the debt conversion, fully diluted there will be 99+ million shares representing the empty shell. I think you're looking at a reverse split before any new investor extends a lifeline to this dead, failed company. At a penny per share, the shell might be a bit overvalued. What's a clean shell go for these days? $500K? More? Less? Remember, Jacobs is already fronting 300 or 400K to keep the shell afloat through March.

Possibly, the new investors will buy out Wallach's, Fleisig's and Postal's B-1 shares, giving them voting control.

No, I'm not a pumper, but I am an investor who excited about the future.  You did make some incorrect statements.
1) The HQ is not a virtual office.  It was a physical location with a warehouse when they sold lights and smart mirrors.  That company, which many invested in originally, went belly up.  They liquidated all the product.  Essentially, Capstone ceased to exist the last couple of years.  They never declared bankruptcy though.  Instead, the prior owner/ceo, Stewart Wallach, was behind the scenes looking for a suitor to essentially take over his company.  Let's call a spade a spade.  Capstone became a shell company that still maintained its current OTCQB status and they were looking for a potential reverse merger.

2) The debtors did not go from debtors to major shareholders.  The debtor was the previous owner/ceo and he was already the largest shareholder.  This action cleans up the debt on the balance sheet for the new company.  They also put restrictions on when and how much he could sell.  In fact, to break even on his debt would be a share price would have to be converted at $4+.  Additionally, OS is still approximately only 50 million shares and Float under 30 million shares after all this.

3) The new ceo is NOT a VC.  He is the owner and ceo of Coppermine, a large sports/fitness equipment company with 20 locations and  700+ employees.  As for not including his business under the Capstone umbrella, that has yet to be determined.  We have to wait and see.  He never said he was or was not.  He did say he would like to expand his company to 5 other states.  If he wanted to do that as a private company, why would he assume ceo of shell public company like Capstone?  Think about it.  Furthermore, we don't know who the 2 new BOD appointees are yet.  Buddies are huge assumption.  My experience tells me that if it were 2 "buddies" they'd be appointed already.   The fact they haven't been appointed yet, leads me to believe he's looking for strategic partners to help expand Coppermine or a new venture.  Remember the new CEO is a very successful entrepreneur and business owner.  He has no connections to any type of public company and definitely no indications he would partake in any ponzi schemes or pump and dumps.  His history and resume say just the opposite!

4) A reverse split is definitely not needed to survive.  Hence, cleaning up the balance sheets of all debt.  If Jacobs decides to complete a reverse merger with CAPC, he could be bringing in a successful multi-million revenue generating company.  The balance sheets definitely remain an issue, but they have options.  Converting the largest debt to shares with restrictions on conversion was a good decision for now. Wallach has never sold a share, even at $1.70.  He is not the type of guy who would screw over shareholders.  A true rarity in the OTC.  

How can you not see this as a buy and hold?  More things are lining up on the buy side then the sell side.  Nothing wrong with a small position until any potential reverse merger or business is announced as nothing is confirmed yet...just connecting the dots.  If a reverse merger is announced over the next few months and Coppermine goes public, it would be a 10X company for sure.  If reverse merger is not announced, I firmly believe Jacobs is the right CEO to turn this company around.  Either way I like what the future holds as of now.  I would never tell anyone how to invest.  All I would suggest for this stock is at minimum add it to your "Watch List".  

So, spending a modicum of time looking into this company....
Their HQ us a virtual office near Boca Raton (for some reason, the home for so many scam companies)
They've taken the old officers out and given them a bunch of convertible shares for future use, which they can start selling in 3 months. So it looks like your old officers will go from debtors to large shareholders who can dump at their discretion.
They brought in a new CEO who is a VC in Maryland. Is not including his present company into yours, but will most undoubtedly give you all any of his debt from his private company.....oh yeah, and he gets to name his own buddies to TWO chair seats on the board of your company.
They've recently raised your OS and almost HAVE TO do a reverse split to survive.

Are you paid to pump this stock or are you doing it to get out from under your losses?

CONFIDENCE BOOSTER!!!


The new company issues Wallach Series B-1 shares in exchange for almost $2 million debt owed to him. 1) Company is clearing out debt 2) Wallach is already largest shareholder so no reason to sell & 3) to break even the share price will have to hit $4+.

December 18, 2024 08:00 AM Eastern Standard TimeDEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTCQB: CAPC) (“Company”) announced today a new strategic focus to develop and operate in-person sports-entertainment recreational centers to provide social and health benefits to children, families and adults through sports, exercise, and social group activities.“The challenge for the Company in 2025 is to fund and then execute the new strategic plan.”Post thisUnder the new strategic focus, the Company will seek to develop and operate facilities offering popular competitive sports, such as pickleball and padel, coupled with a food-drink and entertainment center suitable for social activities: birthday parties, corporate events, graduation celebrations and post-school or summer activities. Entertainment may consist of a combination of a small live music stage, sports bar with large screen televisions, and interactive sports video gaming area. The addition of a soccer or other competitive sports field may be added to host corporate or league sponsored tournaments. The centers would be designed to be a social and community activities magnet for the locality. The initial geographic focus for the new strategic plan will be Virginia, North Carolina, Georgia, Florida and New Jersey.With the Company’s new Chief Executive Officer, Alexander Jacobs, having extensive experience in developing and operating sports entertainment recreational centers for children, adults and families, and being tasked with developing a new business line for the Company, the strategic focus on sports-entertainment center industry is deemed by the Company as the most promising path to creating a new business line for the Company.“The sports-entertainment industry is an expanding industry with promising opportunities for new ventures with the right concept and competent execution. We intend to develop a concept that can be rolled out on a regional or national basis. Our ability to develop and execute the new strategic plan will require adequate, timely, and affordable funding, possibly coupled with a strategic partnership or merger with another company capable of financially supporting our strategic initiative,” said Alexander Jacobs, the Company’s CEO. “The challenge for the Company in 2025 is to fund and then execute the new strategic plan.”The Company has not secured third party funding or entered into any agreement for a strategic partnership or merger as of the date of this press release. The Company is currently seeking additional directors for the Company’s Board of Directors and other personnel to assist in the efforts to secure funding and to implement the new strategic plan.As previously announced, Coppermine Ventures, LLC (“CVEN”), which is owned and managed by Alexander Jacobs, provided $125,914 in working capital funding to the Company under an Unsecured Promissory Note in October 2024 and is obligated to provide $218,640 additional working capital funding to the Company under an October 31, 2024, Management Transition Agreement (“MTA”) through the first fiscal quarter of 2025. CVEN funded $50,018 of the MTA funding amount in late November 2024. Funding under the MTA is in return for right to nominate appointees for CEO position and two board seats, which appointments are subject to verification of nominees’ qualifications to serve in those positions by the Company’s Board of Directors and is not a loan or consideration for any equity interest in the Company. The financial commitments of CVEN do not extend beyond the funding stated in this paragraph. The Company is seeking, and will require, additional third-party funding for the new strategic plan and to cover essential corporate overhead funding for the remainder of 2025 in order to sustain the Company as a going concern.The Company’s former business line of consumer products was closed in 2024 due to insufficient sales and the Company has no current revenue generating operations. Developing and pursuing a new business line will require adequate, timely and affordable third-party funding, which the Company may not be able to secure. Without revenues, the Company needs to develop a new business line with revenue generating operations to sustain the Company as a going concern. There is no assurance that the Company can secure third party funding, a strategic partnership or a merger, or otherwise implement the new strategic plan.

https://www.businesswire.com/news/home/20241210137772/en/Capstone-Companies-Inc.-appoints-a-new-Chief-Executive-Officer-to-Develop-New-Business-Line

December 11, 2024 08:00 AM Eastern Standard Time

Jeffrey Postal and George Wolf resign so 2 new Board Members can be appointed who can help fund future business endeavors. Venture capitalists are the priority.  My guess is they  want people who can assist in the expansion of Coppermine!

Link to 8K
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=318777223&type=PDF&symbol=CAPC&cdn=f475e29b9b12925f00bf5fc8b5b471b7&companyName=Capstone+Companies+Inc&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-12-10

Here is the link to todays 8k announcing Alex Jacobs from Coppermine as the new CEO!!!

https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:1065d6a4-b20c-4b1a-ac95-8a5ba94c5c5c?comment_id=9ffa1b69-1d65-4486-8d1e-c1522c8cd3a5

Alexander Jacobs has been appointed CEO and director of Capstone Companies, Inc., bringing his expertise from Coppermine Ventures to develop new business lines through internal growth, mergers, or partnerships. Jacobs will also retain his role with Coppermine, while Stewart Wallach, former CEO, will support him as Chair to enhance business development and investor relations. This strategic move aims to secure Capstone’s future, though success in establishing new revenue streams remains uncertain.

Volume is slowly building with news on the horizon the next few weeks.  I can't wait to see who is appointed to be the new CEO, President and Niard of Directors!

Everyone see this? Per the MTA in the most recent 8k, Coppermine has until November 30,2024 to announce new appointments for CEO, President and Board of Directors! Standby for huge news!

Ahh, missed that digging through the 8Ks

Still, wait for how they divvy up the equity in NewCo. CAPC brings nothing to the table in the way of assets, and $4 million in liabilities, besides the OTCQB inclusion, and that is tenuous. It's clear that some entity is seeing that CAPC regains bid compliance, though.

This is right out of the 8k

Alex Jacob's is the owner of the Coppermine company whose links I posted.  You can google it.  If this is correct, it's huge!

Coppermine Ventures, LLC, a Maryland limited liability company
13100 Beaver Dam Rd.
Hunt Valley, Maryland 21030

Attn: Alexander Jacobs

Coppermine Ventures is an Investment company. I believe they're brokering the deal, and are putting up the initial cash to keep CAPC reporting and afloat.

I don't believe it's the company you linked that is to be the merger candidate.

It is a sportstainment company named Coppermine out of Baltimore. It's all in the 8k. It appears Wallach was funding the company (almost $700k) with his own money while he put together this deal.  He never gave up on investors.  Here is a quick snapshot of the MTA in the 8 K:
1) Wallach would step down 
2) Capstone would no longer produce their products 
3) Coppermine will begin by funding operations through Q1 2025 
4) Coppermine would appoint 2 new members to the Board of Directors 
5) Coppermine would appoint a new CEO
6) Coppermine will appoint a new President 

Www.goCoppermine.comWww.copperunion.com

well-established multi-million dollar company.

Name the company. You can't. It's only turned up above a penny, because the potential private company wants to remain on the OTCQB after reverse merger.

CAPC is trying to regain bid compliance, they're up against the deadline. Should only take 6 or 7 more trading days to get there. All we need are some stock promoters to weigh in. Should be easy.

The downside for current holders, is the 3 or 4 million in debt that needs to be assumed. That will take lots of new equity. Wait for that announcement. No value in CAPC, but what a new company can provide. Current stock holders have a weak position in that negotiation.

You're not even guaranteed a private company will reverse into CAPC. Watch out below if a deal falls through.

If this stock can get a bit a volume, it will explode.  The new 8k just announced a Management Transition Agreement.  Capstone is leaving retail and potentially being taken over by a well-established multi-million dollar company.  With this news, new management and a low float...Wow.  I think it's time to get on the CAPC train again!

ILDC/chdt/chdo/capc/ I think i missed a couple of symbols there?

https://contracts.justia.com/companies/capstone-companies-inc-7264/contract/1302076/

CCI is a “fallen angel” public shell company, being a former public operating company that no longer has revenue generating operations and with nominal assets consisting primarily of cash.

Bye Bye Capstone Companies, Hello Coppermine Ventures.

Employees: 2 as of 09/30/2024

Wallach and Wolf? Or, Wallach and Perez?

Getting close to Shell status. Just need to discharge about $4 M in Liabilities

HENCE SUB-PENNY

Another Q filed, another 3 months gone.

The mirrors were liquidated for which the company netted about 80K. Remember that they raised over $3 million, ostensibly to produce 3000+ mirrors. I figure they might have made 1500ish mirrors. They sold/gave away maybe 100-150ish. The rest of them have apparently gone to Woot for a net 80K.

Debacle. The last hope is the Connected Chef. Supposed to be coming soon in June 2022, then June 2023, then Holiday season 2023. They have no purchase commitments as of August 2024. They've manufactured no inventory (no money).

Debacle. They have no other product to sell, and no money to create new products.

All debt extended to October 2024 and November 1, 2024. Kicking the can down the road. They have no way to pay this debt.

They dumped a bunch of the wardrobe mirrors on Woot this month.

https://tools.woot.com/offers/capstone-touch-screen-smart-mirror-22-5in-x-60-in

$189. At least one buyer wasn't too happy with the 'deal':

https://forums.woot.com/t/capstone-touch-screen-smart-mirror-22-5in-x-60-in/1720850/24

cole7007
5d
We just received our mirror and I gave it to my daughter as a birthday present. Upon opening the box everything appeared to be in good shape. The problems occurred once we tried to install ANY apps. The OS is very buggy and kept ‘thinking’ the mirror was disconnected from the internet. When this happens the mirror can basically only be used to replicate the iphone’s screen.

After several hours of going through resets, moving the mirror to a location where the wifi was ‘excellent’ we were finally able to get the mirror to download google, youtube, spotify, and a few other apps. Success!..not so fast. Even though the apps downloaded they would error out on install. The only app we were able to get to work was Spotify. All the Google apps either failed to install or failed to load. We received an error stating we needed to install Google Play Services, which we downloaded and installed, but the app kept crashing, rendering the mirror’s screen useless because ‘app crashed’ windows kept popping up.

In summary, this is a great idea but the execution is not acceptable for using the tablet…at all. The sheet that provides the instructions (QR code) takes you to a non-existent site and the phone number takes you to a medical device company, making me believe that there likely will be NO online support and no one to talk with if you have issues. Even at $200 for a supposed $1000 smart mirror, it isn’t worth the hassle in my opinion (unless you’re just purchasing it for the phone screen-mirroring).

I don't think capstoneconnected.com is coming back...



They probably should delete links to it from their corporate web page, capstonecompaniesinc.com. And delete the link from their twitter page too.

connected-chef.com still works, but there have been zero updates for a whole year. If they have no ability or intent to produce the product, they should take that website offline too.

capstoneconnected.com replaced with generic Coming Soon page

On February 5, 2023, the Company entered into a new Employment Agreement with Stewart Wallach, whereby Mr. Wallach will be paid $301,521 per annum. The initial term of this new agreement began February 5, 2023 and ends February 5, 2025. The parties may extend the employment period of this agreement by mutual consent with approval of the Company’s Board of Directors, but the extension may not exceed two years in length.

Nice pay structure for a -0- company

A frustrated investor. here.

10Q on 5/15 is next.

That's more money out of Wallach's Wallet to get filed. At some point, he has to give up being the bank.

Capstone has debts they can not pay. Capstone has no product to sell, and no capital to create new products.

Capstone has 2 employees, Wallach and Wolf. Both in their 70s.

What's next?

https://www.otcmarkets.com/otcapi/company/financial-report/400233/content

They've filed a OTCQB Certification!