Hi mike, you'd private messaged me regarding another company (I'm sure you know what the Heck I'm talking about). Private messaging doesn't work for me on Ihub (even on Happy Hour Fridays) and since I don't want to get yelled at over at the other place, I figured I find an old board to post on where you would still get notified.:)

To answer you, no I really don't know if they'll file or not, or what will happen. I can only tell you that I don't trust a word they say, either Heck or the CFO. I had stopped following the company long ago and the only reason I chimed in over there a while back is because I stumbled across it for some reason and on that board it looked like someone was posting very optimistic things. I don't know any of the people on that board, have no axe to grind with anyone.

But when I saw it was the same names running the company and somehow everything was supposedly fantastic now that they were in bankruptcy, that's when it felt like a poster was trying to lure people into buying shares. In the past, I've been the newbie who listened to the "board expert" only to lose my shirt many times, and I dislike it when it appears someone is trying to hype things that aren't realistic. I'm not some guy who think he knows everything and can never be wrong. Maybe the company will file all its paperwork, it will all be wonderful, and they'll go on to make jillions of dollars. But my guess is the odds for that are extremely low.

Over the years, I've found it best to be brutally honest with myself and not be a cheerleader for companies. Especially for pinkies. That's the best thing for my wallet. Nearly every time I've bought into hopes and dreams while ignoring the red flags, I've gotten taken.

I've found it's best to accept the fact that there are lots and lots of liars running otc companies. And after lots of losses, I've found it's best to just get away from people who are liars. They're not going to turn into angels next week. Liars lie. That's what they do. Those of us who are generally honest, don't understand this easily. We think other people are like us. "They wouldn't lie about that." My answer to that is, "Yes, they would." It took me years to get that thru my head.

Again, for emphasis, because it took me a while to learn: Liars lie. That's what they do.

Or to put it another way, an alligator will try to chomp your arm off. If you try to pet an alligator on the nose, you have no right to be surprised or shocked when it tries to chomp your arm off. That's what it does. If you try a second time, the same thing will happen.

There's a difference between mistakes and lying. Having a poor business plan, bad luck, bad assumptions, etc, those are mistakes. Saying you've got $10million in the bank when you've really only got 78 cents, that's a lie. The former are forgivable; the latter is not. The latter is someone basically telling you, YELLING AT YOU, that they are trying to steal your money. And it's best to listen to them. Best to get away from them.

I can't remember the whole story, but I think the company was reporting earnings and I was intrigued. Started following them. May have even owned shares at one point. Can't remember. If I did, it wasn't a big winner or loser for me. Then if I recall, the co missed a filing deadline, then another, a bunch of time passed, then Heck came out with that preposterous story that becuz the software package they were using wasn't robust enough, the software had somehow accidentally added in $2million in revenue. Thus, the past earnings weren't true. Can't remember exactly, but it was something like that.

And that is preposterous; that is simply not possible. That is a lie.

If you bought the cheapest $1 calculator at the dollar store and asked it to add two numbers together, or two hundred numbers together, it can do it just fine. The calculator doesn't/can't "accidentally" add in $2million simply because it's a low-priced calculator. Even worse, Heck tried to make himself magnanimous. He believed in openness and transparency, we were told, and that's why he was letting shareholders know about this devious software! It wasn't him doing it, it was the software!

At that point I determined that he was a liar and I had to get away from him. I also recall it was in that same letter that he stated he was hiring this fine upstanding CFO who was going to make sure that such a thing never happened again. Here again, I had to ask myself, if I were an honest CFO who was good at my job, would I ever go to work for someone who had just told me such a preposterous story? And of course the answer is no. He might as well have told me that a unicorn came into the office and changed the books, but he's since hired a unicorn exterminator who has cleared the facility of unicorns, so this can never happen again. I mean, it's really that ridiculous. So I instantly concluded that I could not trust this new CFO either. He's either dishonest, or incredibly stupid, or in desperate need of money and can't get a job anywhere else. None of those are good.

So, for what it's worth, that's my take on not just this company, but just generally how I approach things. I just get away from dishonest people. They will infuriate you, take up your time, and steal your money. There is no report they could make, no filing, no anything that would change my mind. If/when both those people are gone, then I might look again.

As Warren Buffett says, "You can't make a good deal with a bad person."

So that's my opinion and how I do things. But you should make your own decisions and do what's best for you, your personality, and your investing/speculating style.

Long-winded answer, but it might help you on this one, or on another down the road.

Best of luck.

Hi Good Luck with your new board

I am long CAPC Capstone Companies. They make consumer oriented LED lighting products.

CAPC has growing revenues, earnings and market share. Recently went from Pink sheets to OTCQB.

Thanks