Posted On: 11/03/2012 6:13:39 PM
Post# of 16816
The next logical step will be a reduction in O/S. that won't happen for months, but as of January 18, 2013 $BCAP is expecting a big fat pay day from $RIGH: $200k cash.
If $BCAP is trading at $0.0002 that day or subsequently, 50% of the O/S can be acquired for a fraction of its true worth. That's one of the real reasons $BCAP will never go to $0.0002/3/4 again. The shorts would be digging their own grave if they were to try and drive down the price.
"BCAP has reached an Agreement with RIGH to extend a $200,000 Note that was due on October 18th until January 18th, 2013 to allow them to secure financing. As part of the deal, Baron has offered a 25% discount to the principal amount if a cash payment was made."
http://ih.advfn.com/p.php?pid=nmona&article=54651740
I have bids in below $0.0006 just in case anyone wants to give me a large inexpensive gift. I don't expect those bids to be filled, but I'd be very grateful
If $BCAP is trading at $0.0002 that day or subsequently, 50% of the O/S can be acquired for a fraction of its true worth. That's one of the real reasons $BCAP will never go to $0.0002/3/4 again. The shorts would be digging their own grave if they were to try and drive down the price.
"BCAP has reached an Agreement with RIGH to extend a $200,000 Note that was due on October 18th until January 18th, 2013 to allow them to secure financing. As part of the deal, Baron has offered a 25% discount to the principal amount if a cash payment was made."
http://ih.advfn.com/p.php?pid=nmona&article=54651740
I have bids in below $0.0006 just in case anyone wants to give me a large inexpensive gift. I don't expect those bids to be filled, but I'd be very grateful
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