Apr. 1 at 5:55 PM
$CGEH Out at 6.20. Will wait for the fade.
The recap plan is good BUT, 24% dilution immediate 23mil share before, an add of 7.2 mil shs now, PLUS On top of that, the
$80 million preferred can convert into another 16 million common shares (80,000 preferred shares × 200 common shares each at the
$5 conversion price). This has been Capstone's SOP for decades like I've said, been in/out this stock since the ticker was CPST, pre BK. Luckily have made money on it a few times. Goldman did nothing for them maybe this will help. Still no vol/interest. It is a shame, the turbine is amazing.