I was referring to the update on the website...
The major trend doesn't appear too well, since BCAP cannot get a hold of RIGH to get the rest of what is owed.
What does the 800,000 shares convert to? I haven't looked into the financials this evening.
The problem I am foreseeing, is if BCAP cannot collect on these preferred's from RIGH, then it's worthless (pending obvious litigation). Dwyer needs to show that the shares will be collected and that the lack of communication with RIGH is only temporary.
As for the investments of Baron: RIGH – In 2012 Baron negotiated with RIGH to restructure its Notes which included writing off debt, eliminating accrued interest, and restructuring its remaining Notes to assist RIGH in seeking funding to move forward. The revised Notes called for RIGH to convert the remaining debt upon receiving a conversion notice from Baron. RIGH has refused to honor their agreement and convert any of the notices sent to them and their President Angel Stanz has ceased all communications with Baron. Baron has a Note executed by RIGH for the purchase of 800,000 shares of Preferred stock Baron sold to RIGH in October of 2011 which paved the way for the BG Medical transaction to be completed. Baron intends on seeking the return of its 800,000 shares of Preferred since they have not been paid for and will seek to have all the debt eliminated restored. The last issuance of shares for any debt owed to Baron was in 2012 totaling 750,000,000 free trading shares and all the shares had been sold in 2012.
The major trend doesn't appear too well, since BCAP cannot get a hold of RIGH to get the rest of what is owed.
What does the 800,000 shares convert to? I haven't looked into the financials this evening.
The problem I am foreseeing, is if BCAP cannot collect on these preferred's from RIGH, then it's worthless (pending obvious litigation). Dwyer needs to show that the shares will be collected and that the lack of communication with RIGH is only temporary.
Baron Capital Enterprise, INC. (BCAP) Stock Research Links
Quick Links: MVP Board - OTC Stock Contest - Big Board Stock Contest - Portfolio Challenge - Blog - iStockify
