Posted On: 11/10/2014 5:22:48 PM
Post# of 16816
BCAP(.0004)~~ 2H Growth Road Map
BARON CAPITAL (OTCMKTS:BCAP) also went on to provide an update on its 2H roadmap to its share holders. It anticipates building up a positive cash balance in its company account by end of the year. It has set a goal of “several hundred thousand dollars” as per its press release.
Funds Allocation Breakup For 2H14
The management team has also resoled to use the funds generated from business operations to retire debt and increase the health of its balance sheet. The company has also expressed need to hire a new auditor and embark on cleaning up its books staring 2012. It also wants to use the services of the new auditor to inspect and provide audit report on two of its shell companies. This would help the firm in turn file form 10K with SEC. It also anticipates moving some of its transfer agents to bring in new blood into its business operations.
With regards to increasing the corporate profile of the firm, it has also announced intention to commissioning of a new corporate website and shift to a more prominent corporate headquarters. Management team also hopes to buy out a full fledged D&O insurance plan for its executive team and directors.
http://www.streetnewswire.com/bps-initiates-c...cap/17198/
BARON CAPITAL (OTCMKTS:BCAP) also went on to provide an update on its 2H roadmap to its share holders. It anticipates building up a positive cash balance in its company account by end of the year. It has set a goal of “several hundred thousand dollars” as per its press release.
Funds Allocation Breakup For 2H14
The management team has also resoled to use the funds generated from business operations to retire debt and increase the health of its balance sheet. The company has also expressed need to hire a new auditor and embark on cleaning up its books staring 2012. It also wants to use the services of the new auditor to inspect and provide audit report on two of its shell companies. This would help the firm in turn file form 10K with SEC. It also anticipates moving some of its transfer agents to bring in new blood into its business operations.
With regards to increasing the corporate profile of the firm, it has also announced intention to commissioning of a new corporate website and shift to a more prominent corporate headquarters. Management team also hopes to buy out a full fledged D&O insurance plan for its executive team and directors.
http://www.streetnewswire.com/bps-initiates-c...cap/17198/
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