We know the general trend BCAP is moving in: deali
Post# of 16816
Posted On: 07/18/2014 2:54:16 PM
We know the general trend BCAP is moving in: dealing with QB or higher companies:
" Because of the risk and uncertainty of collecting funds from OTCPink listed companies Baron will align itself with entities listed on the OTCQB or higher and private companies that supply audited financials. "
" Each entity will be audited and a Form 10 filed so it will begin trading directly on the OTCQB."
https://www.otciq.com/otciq/ajax/showFinancia...?id=123567
One of those shells holds what we now know is White Financial. This is from the last Quarterly report that was filed:
"In September the Company acquired majority control of a private entity with 45 existing shareholders. The entity has 25 million shares authorized and Baron plans to complete a small equity raise and file an S-1 registration to register no more then Ten million (10,000,000)
shares that will be sold with a floor of $.25 per share. After the equity raise Baron will maintain its majority ownership of the entity. The shareholders of Baron who participated in the bridge loans will receive their investments back and equity in the new entity. The purpose of the new entity is to raise capital after the entity completes its S-1 filing at much higher levels with limited dilution to the entity. The funds will be used to purchase operating brokerage firms and operating transfer agency services. Since Baron will own over 50% of the new entity the financials will be consolidated and shareholders of Baron will benefit from the operations of its subsidiaries. The new entity will have strict restrictions on management’s ability to increase the Authorized shares or perform a reverse split. "
https://www.otciq.com/otciq/ajax/showFinancia...f?id=91991
If its still the same share structure, you have a very low float IPO in White Financial.
" Because of the risk and uncertainty of collecting funds from OTCPink listed companies Baron will align itself with entities listed on the OTCQB or higher and private companies that supply audited financials. "
" Each entity will be audited and a Form 10 filed so it will begin trading directly on the OTCQB."
https://www.otciq.com/otciq/ajax/showFinancia...?id=123567
One of those shells holds what we now know is White Financial. This is from the last Quarterly report that was filed:
"In September the Company acquired majority control of a private entity with 45 existing shareholders. The entity has 25 million shares authorized and Baron plans to complete a small equity raise and file an S-1 registration to register no more then Ten million (10,000,000)
shares that will be sold with a floor of $.25 per share. After the equity raise Baron will maintain its majority ownership of the entity. The shareholders of Baron who participated in the bridge loans will receive their investments back and equity in the new entity. The purpose of the new entity is to raise capital after the entity completes its S-1 filing at much higher levels with limited dilution to the entity. The funds will be used to purchase operating brokerage firms and operating transfer agency services. Since Baron will own over 50% of the new entity the financials will be consolidated and shareholders of Baron will benefit from the operations of its subsidiaries. The new entity will have strict restrictions on management’s ability to increase the Authorized shares or perform a reverse split. "
https://www.otciq.com/otciq/ajax/showFinancia...f?id=91991
If its still the same share structure, you have a very low float IPO in White Financial.
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