Note:
I have covered Capstone Turbine (NASDAQ:CPST) previously, so investors should view this as an update to my earlier articles on the company.
Six months ago, I discussed implications of Capstone Turbine's expensive $30 million financing transaction with a division of Goldman Sachs with my bottom line as follows at that time:
Without a miraculous recovery in the company's business, Capstone Turbine will face serious challenges to perform under the new debt. Investors should prepare for the company to restart selling equity into the open market to cover the hefty interest payment obligations