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Capstone Turbine Corp. Message Board

  • dognamedgus dognamedgus Jun 27, 2013 8:17 PM Flag

    Pioneer Natural Resources...take a number.

    The more you think about it...the more you consider the possibility that somebody in Big Big oil is gonna wake up and buy Capstone. They would have a cornered market on something very important for the global natural gas revolution....kind like fracking sand (In March 2012, Pioneer Natural Resources announced the $297 million acquisition of Carmeuse Industrial Sands, a silica sand manufacturer the company renamed Premier Silica).

    Yep, GE, CAT & UTX ain't the only bigger fish in town.

    Shell or the Russians may also be considering how beneficial it may be to own Cappy...and control the market and supply of microturbines to their global competition.

    This really could get interesting....pretty good chance that the next LARGE order will blow the top off this thing.

    AIMHOGus

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    • CPST has a poison pill adopted in 2005? that essentially "protects" shareholders from some big corp swooping in and controlling the Company/ The $10 price tag has nothing to do with face value and allows management and directors to keep their jobs and bonuses without fear of a hostile bid. In the event there is a bid. they could all negotiate all kinds of bonuses as a buyout reward. Not illegal but may explain why they are content to sit on this gradual improvement toward profits when deeper pockets could probably grow this technology in an exponential fashion.

      Please explain what the shareholder's protection plan (poison pill?) is, how it is triggered and what benefits shareholders can expect from its implementation.

      Answer from Capstone Management:
      Under the Rights Agreement, each share of the Company’s common stock outstanding has one right to purchase preferred stock (a "Right") attached to it. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock, par value $0.001 per share, at a purchase price of $10.00, subject to adjustment, under certain circumstances. Exercise of these Rights is triggered if an individual or entity acquires or obtains the right to acquire 20% or more of the Company’s common stock. The Board of Directors believes that maintaining

      • 1 Reply to pat61548
      • pt 2

        Please explain what the shareholder's protection plan (poison pill?) is, how it is triggered and what benefits shareholders can expect from its implementation.

        Answer from Capstone Management:
        Under the Rights Agreement, each share of the Company’s common stock outstanding has one right to purchase preferred stock (a "Right") attached to it. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock, par value $0.001 per share, at a purchase price of $10.00, subject to adjustment, under certain circumstances. Exercise of these Rights is triggered if an individual or entity acquires or obtains the right to acquire 20% or more of the Company’s common stock. The Board of Directors believes that maintaining the Rights Agreement is an important tool with which it can protect stockholder value. The Rights are intended to protect the stockholders of the Company in the event of an unfair or coercive offer to acquire the Company and to provide the Board of Directors with adequate time to evaluate unsolicited offers. The Rights may have anti-takeover effects. The Rights will cause substantial dilution to a person or group that attempts to acquire the Company without conditioning its offer on a substantial number of shares being acquired. The Rights, however, should not inhibit any prospective offeror willing to make an offer at a fair price and otherwise in the best interests of the Company and its stockholders, as determined by the Board of Directors. The Rights should also not interfere with any merger or other business combination approved by the Board of Directors. The above is only a summary, and we refer you to the full text of the Rights Agreement, as amended, which can be found in our filings with the Securities and Exchange Commission.
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    • "Shell or the Russians may also be considering how beneficial it may be to own Cappy...and control the market and supply of microturbines to their global competition." They found out letting cpst produce what they need is less expensive. Cpst turbines are a bargain. Nobody but cpst is willing to sell at a loss all the time.

      Sentiment: Strong Sell

    • If this 220 million dollar order from Russia is for real and all for CPST, we scream higher with over 100 million share day.

 
CPST
0.3841-0.0059(-1.51%)Sep 2 4:00 PMEDT