BCAP's RIGH claim 16 MILLION DOLLARS BCAP's cl
Post# of 16816
Posted On: 06/09/2014 2:21:20 PM
BCAP's RIGH claim 16 MILLION DOLLARS
BCAP's claim is 800k RIGH Preferred + penalties and interest.
If the RIGH claim is booked at $0.0020 -- the day the first financials were filed -- that's a $16 MILLION claim , excluding penalties and interest.
FROM BCAP'S UPDATE
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.
http://www.baroncapitalenterprise.com/
BCAP's claim is 800k RIGH Preferred + penalties and interest.
If the RIGH claim is booked at $0.0020 -- the day the first financials were filed -- that's a $16 MILLION claim , excluding penalties and interest.
FROM BCAP'S UPDATE
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.
http://www.baroncapitalenterprise.com/
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