$BCAP Due Diligence - UPDATED w/ New Info
This DD report is provided by Blue...
BCAP ~Serving $100 Billion Small-Cap Market, Updated DD~
1) BCAP~ Baron Capital was created to service small-cap markets, valued at over $100 billion dollars through the OTC market on an annual basis, but Wall Street is backing away.
Over the past several years, regulatory changes that were meant to help protect investors have caused small-cap companies to hit a wall when attempting to raise capital.
Specialties
The new and ongoing stumbling block has been the regulation placed on the small-cap market in general. Through these obstacles millions of dollars have been lost attempting to get certificates cleared, and the problems have become more serious since the fall of 2009.
Baron Capital, through its wholly owned subsidiaries, will create a “one stop shop” for small-cap companies and investors to use the public markets to raise capital and trade the stocks of companies at this market level.
https://www.linkedin.com/pub/baron-capital/3a/aa2/232
2) BCAP Share Structure AS OF JULY 17, 2014: MAXED OUT!!
Shares Outstanding 2,362,355,947
Float 2,362,355,947
Authorized Shares 2,400,000,000
http://www.otcmarkets.com/financialReportView...;id=123565
3) BCAP~ NO REVERSE SPLIT and NO PLAN TO INCREASE SHARES
The Company does not have any current plans to increase the share structure or effect any reverse split on its Common stock.
As long as the Company is able to collect its fees the Company will have sufficient to operate the and grow its core business.
Page 3
http://www.otcmarkets.com/financialReportView...;id=123567
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The Preferred shares will be 100% eliminated: IT MEANS NO CONVERSION
The Company will have no Preferred shares by the time the Company seeks to uplist. The Preferred will be 100% eliminated from the Articles of Incorporation along with a provision preventing the creation of any new Preferred unless a majority of 75% of the outstanding voting shares of Company agree to the measure.
http://www.otcmarkets.com/financialReportView...;id=123567
4) BCAP~~ owns 2 SHELL COMPANIES~~
Baron owns two shell companies it purchased in 2012 and has looked at several deals for both entities over the past 2 years and believes it will be able to secure a deal for each during this fiscal quarter.
Each entity will be audited and a Form 10 filed so it will begin trading directly on the OTCQB.
http://www.otcmarkets.com/financialReportView...;id=123567
5) BCAP served and financed 3 public companies: RIGH, TGGI, CYBK.
During February 2013 the Company and Cyber Kiosk Solutions, Inc ("CYBK"
agreed to mutually terminate the consulting agreement we had entered into in October of 2012. The final modified agreement calls for a payment of $330,000 or Baron can elect to convert the $330,000 into equity of CYBK, which Baron has elected to do and CYBK has been notified of that. In February Baron received 1,400,000 shares of CYBK from a former Director of the company as payment for a Consulting Agreement entered into in November of 2012. Baron sold the majority of these shares in 2013 and the balance in the 1st quarter of 2014.
Beginning in June of 2014 Baron began assisting Trans Global Group, Inc.("TGG" the company became current during the fourth quarter of last year. Baron has reworked its debt listed on the books of TGGI and written off a portion of the debt and all of the accrued interest to assist TGGI in bringing in quality companies with solid management.
Baron and RightSmile ("RIGH" have entered in to a series of Amendments
regarding Baron's debt owed from RightSmile. The last Amendment
executed on October 16, 2012 was to extend the payment on the $200,000 Note owed against the Purchase of 800,000 shares of Preferred that had been issued in March of 2011. The final Amendment stated the Note for $200,000 had a maturity date of January 18, 2013 and earned interest at the rate of 18%. Baron
gave a cash discount option to RightSmile that would have allowed
them to pay Baron only $150,000 for the Note on January 18, 2013, but if the payment was not made then the interest would accrue from the beginning of the Note (October 18, 2011) and the conversion feature was restored at a 70% discount and RightSmiles till maintained the ability to pay off each conversion (all documents supporting this are attached at the end of this disclosure).
Baron has repeatedly sent requests to RightSmile since January 18, 2013 and has been told the company has no money and does not have the ability to issue more shares to Baron.
Baron will reflect the balance owed including the earned and unpaid interest since October 18, 2011 within its financials. Baron shall also seek to collect the 800,000 shares it sold RightSmile in its share reduction prior to the transaction with BG MedTech, and all write offs and revisions to other loans
reinstated.
http://www.otcmarkets.com/financialReportView...;id=123567
6) BCAP ~~~~ FINANCIALS: CASH INCREASED 267% ~~~~~~
End of Q1 2014: $40,000 Cash on Account
End of Q2 2014: $150,000 Cash plus tradable securities
BCAP's cash money increased 267% At Q2 when you compare with Q1
Baron was able to close the out the 1st quarter of 2014 with approximately $40,000 in cash and Baron closed the 2nd quarter with over $150,000 cash and tradable securities. Each quarter should continue to see growth in the Company as it collects from old business and engages new business.
http://www.otcmarkets.com/financialReportView...;id=123567
According to filing BCAP can collect enough operating capital from its various loans outstanding that it no longer needs to engage in short term loans. The Company currently has sufficient receivables to cover all of its obligations.
******************************************************************
7) BCAP~~ updates are out on time
BCAP filings
Jul 17, 2014 Supplemental Information - Initial Disclosure Statement
Jul 17, 2014 Management Discussion and Analysis - MD&A September 2012-June 2014
http://www.otcmarkets.com/stock/BCAP/filings
UPCOMING NEWS and UPDATES
~~~ Baron would like to outline the following schedule for bringing the Company back to Current Status with OTCMarkets.
~~~ By July 18th the Application will be filed and the fee paid to OTCMarkets. (out!)
~~~ The Initial Disclosure Statement shall be filed immediately upon approval of the Application (out!)
~~~ The Financial Reports beginning with the 2012 Annual Report through the June 2014 Quarterly Report, will be filed as an individual Reports for their respective time period.
~~~ Once all the Financials have been filed the Attorney Letter will be filed and the C/E should be removed a few days later and the Company shall be restored to Current Status.
~~~ Once all the above has taken place Baron shall issue its first News Release since 2012.
http://www.otcmarkets.com/stock/BCAP/profile
BCAP Annual reports filed for 2014, 2013, and 2012 with FL SOS:
http://search.sunbiz.org/Inquiry/CorporationS...ital/Page1
9) BCAP CEO Matthew Dwyer worked on Wall Street
For the past 13 years Baron Capital Enterprise has been the brainchild of Matthew Dwyer, our CEO, who started his career on Wall Street 26 years ago working for Donaldson Lufkin and Jenrette in Manhattan. In the family tradition, Mr. Dwyer went to work on Wall Street following in his father's footsteps as well as his grandfather’s, who worked on Wall Street during the Great Depression.
Through these years various versions of the company have been successfully developed and deployed. As with any business, trial and error always exists, that is, until you find the perfect scenario. The concept of Baron Capital has been tweaked, while some parts were applied to real world application. Those applications, although well-conceived, wouldn’t produce the amount of capital needed to sustain a public company.
For the past two years, Mr. Dwyer has been buying and selling debt, private placements, judgments, development stage companies, and funding private entities. This has been extremely profitable with high margins, low overhead, and no inventory worries, all without being labor intensive.
The new and ongoing stumbling block has been the regulation placed on the small-cap market in general. Through these obstacles millions of dollars have been lost attempting to get certificates cleared, and the problems have become more serious since the fall of 2009.
Baron Capital, through its wholly owned subsidiaries, will create a “one stop shop” for small-cap companies and investors to use the public markets to raise capital and trade the stocks of companies at this market level.
Baron Capital will grow and change within this new environment from which it must develop, but as it prospers, so will the opportunities for investors and companies.
http://equijohn.blogspot.ca/2013/12/bcap-for-...pital.html
10) B.Legal/Disciplinary History. Names of Officers, Directors, and Control Persons: Matthew Dwyer -Sole Officer and Director
. Please identify whether any of the foregoing persons have, in the last five years, been the subject of:
1.A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);
None
2.The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined,
barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
None
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities
regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or
None
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or otherwise limited such person’s involvement in any type of business or securities activities.
None
http://www.otcmarkets.com/financialReportView...;id=123565
11) BCAP Contact Info
Address of the issuer’s principal executive offices
Company Headquarters
Address 1:
515 E Las Olas Blvd
Address 2:
Suite 120
Address 3:
Fort Lauderdale, FL 33301
Phone: 954 -745-3034
Email:
matt@bcapent.com
Website(s):
www.baroncapitalenterprise.com
To Sum Up, From BCAP filings:
1) NO REVERSE SPLIT
2) SHARE STRUCTURE WILL REMAIN THE SAME
3) PREFERRED SHARES WILL BE ELIMINATED 100%: NO CONVERSION
4) THE COMPANY MAKES MONEY FROM FINANCING SMALL CAP COMPANIES: RIGH, TGGI, CYBK
CASH INCREASED 267% DURING Q2 2014.. PLUS THE COMPANY HAS TRADABLE SECURITIES
5) THE COMPANY OWNS 2 SHELL COMPANIES. ANOTHER MILLION DOLLARS CASH SOURCE FOR THE COMPANY.
BCAP has an awesome business model
The future of BCAP~~ BARON CAPITAL BANK..
This is my DD. Read, check filings and make your own DD.
~Blue~
This DD report is provided by Blue...
BCAP ~Serving $100 Billion Small-Cap Market, Updated DD~
1) BCAP~ Baron Capital was created to service small-cap markets, valued at over $100 billion dollars through the OTC market on an annual basis, but Wall Street is backing away.
Over the past several years, regulatory changes that were meant to help protect investors have caused small-cap companies to hit a wall when attempting to raise capital.
Specialties
The new and ongoing stumbling block has been the regulation placed on the small-cap market in general. Through these obstacles millions of dollars have been lost attempting to get certificates cleared, and the problems have become more serious since the fall of 2009.
Baron Capital, through its wholly owned subsidiaries, will create a “one stop shop” for small-cap companies and investors to use the public markets to raise capital and trade the stocks of companies at this market level.
https://www.linkedin.com/pub/baron-capital/3a/aa2/232
2) BCAP Share Structure AS OF JULY 17, 2014: MAXED OUT!!
Shares Outstanding 2,362,355,947
Float 2,362,355,947
Authorized Shares 2,400,000,000
http://www.otcmarkets.com/financialReportView...;id=123565
3) BCAP~ NO REVERSE SPLIT and NO PLAN TO INCREASE SHARES
The Company does not have any current plans to increase the share structure or effect any reverse split on its Common stock.
As long as the Company is able to collect its fees the Company will have sufficient to operate the and grow its core business.
Page 3
http://www.otcmarkets.com/financialReportView...;id=123567
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The Preferred shares will be 100% eliminated: IT MEANS NO CONVERSION
The Company will have no Preferred shares by the time the Company seeks to uplist. The Preferred will be 100% eliminated from the Articles of Incorporation along with a provision preventing the creation of any new Preferred unless a majority of 75% of the outstanding voting shares of Company agree to the measure.
http://www.otcmarkets.com/financialReportView...;id=123567
4) BCAP~~ owns 2 SHELL COMPANIES~~
Baron owns two shell companies it purchased in 2012 and has looked at several deals for both entities over the past 2 years and believes it will be able to secure a deal for each during this fiscal quarter.
Each entity will be audited and a Form 10 filed so it will begin trading directly on the OTCQB.
http://www.otcmarkets.com/financialReportView...;id=123567
5) BCAP served and financed 3 public companies: RIGH, TGGI, CYBK.
During February 2013 the Company and Cyber Kiosk Solutions, Inc ("CYBK"
agreed to mutually terminate the consulting agreement we had entered into in October of 2012. The final modified agreement calls for a payment of $330,000 or Baron can elect to convert the $330,000 into equity of CYBK, which Baron has elected to do and CYBK has been notified of that. In February Baron received 1,400,000 shares of CYBK from a former Director of the company as payment for a Consulting Agreement entered into in November of 2012. Baron sold the majority of these shares in 2013 and the balance in the 1st quarter of 2014. Beginning in June of 2014 Baron began assisting Trans Global Group, Inc.("TGG"
the company became current during the fourth quarter of last year. Baron has reworked its debt listed on the books of TGGI and written off a portion of the debt and all of the accrued interest to assist TGGI in bringing in quality companies with solid management. Baron and RightSmile ("RIGH"
have entered in to a series of Amendments regarding Baron's debt owed from RightSmile. The last Amendment
executed on October 16, 2012 was to extend the payment on the $200,000 Note owed against the Purchase of 800,000 shares of Preferred that had been issued in March of 2011. The final Amendment stated the Note for $200,000 had a maturity date of January 18, 2013 and earned interest at the rate of 18%. Baron
gave a cash discount option to RightSmile that would have allowed
them to pay Baron only $150,000 for the Note on January 18, 2013, but if the payment was not made then the interest would accrue from the beginning of the Note (October 18, 2011) and the conversion feature was restored at a 70% discount and RightSmiles till maintained the ability to pay off each conversion (all documents supporting this are attached at the end of this disclosure).
Baron has repeatedly sent requests to RightSmile since January 18, 2013 and has been told the company has no money and does not have the ability to issue more shares to Baron.
Baron will reflect the balance owed including the earned and unpaid interest since October 18, 2011 within its financials. Baron shall also seek to collect the 800,000 shares it sold RightSmile in its share reduction prior to the transaction with BG MedTech, and all write offs and revisions to other loans
reinstated.
http://www.otcmarkets.com/financialReportView...;id=123567
6) BCAP ~~~~ FINANCIALS: CASH INCREASED 267% ~~~~~~
End of Q1 2014: $40,000 Cash on Account
End of Q2 2014: $150,000 Cash plus tradable securities
BCAP's cash money increased 267% At Q2 when you compare with Q1
Baron was able to close the out the 1st quarter of 2014 with approximately $40,000 in cash and Baron closed the 2nd quarter with over $150,000 cash and tradable securities. Each quarter should continue to see growth in the Company as it collects from old business and engages new business.
http://www.otcmarkets.com/financialReportView...;id=123567
According to filing BCAP can collect enough operating capital from its various loans outstanding that it no longer needs to engage in short term loans. The Company currently has sufficient receivables to cover all of its obligations.
******************************************************************
7) BCAP~~ updates are out on time
BCAP filings
Jul 17, 2014 Supplemental Information - Initial Disclosure Statement
Jul 17, 2014 Management Discussion and Analysis - MD&A September 2012-June 2014
http://www.otcmarkets.com/stock/BCAP/filings
UPCOMING NEWS and UPDATES
~~~ Baron would like to outline the following schedule for bringing the Company back to Current Status with OTCMarkets.
~~~ By July 18th the Application will be filed and the fee paid to OTCMarkets. (out!)
~~~ The Initial Disclosure Statement shall be filed immediately upon approval of the Application (out!)
~~~ The Financial Reports beginning with the 2012 Annual Report through the June 2014 Quarterly Report, will be filed as an individual Reports for their respective time period.
~~~ Once all the Financials have been filed the Attorney Letter will be filed and the C/E should be removed a few days later and the Company shall be restored to Current Status.
~~~ Once all the above has taken place Baron shall issue its first News Release since 2012.
http://www.otcmarkets.com/stock/BCAP/profile
BCAP Annual reports filed for 2014, 2013, and 2012 with FL SOS: http://search.sunbiz.org/Inquiry/CorporationS...ital/Page1
9) BCAP CEO Matthew Dwyer worked on Wall Street
For the past 13 years Baron Capital Enterprise has been the brainchild of Matthew Dwyer, our CEO, who started his career on Wall Street 26 years ago working for Donaldson Lufkin and Jenrette in Manhattan. In the family tradition, Mr. Dwyer went to work on Wall Street following in his father's footsteps as well as his grandfather’s, who worked on Wall Street during the Great Depression.
Through these years various versions of the company have been successfully developed and deployed. As with any business, trial and error always exists, that is, until you find the perfect scenario. The concept of Baron Capital has been tweaked, while some parts were applied to real world application. Those applications, although well-conceived, wouldn’t produce the amount of capital needed to sustain a public company.
For the past two years, Mr. Dwyer has been buying and selling debt, private placements, judgments, development stage companies, and funding private entities. This has been extremely profitable with high margins, low overhead, and no inventory worries, all without being labor intensive.
The new and ongoing stumbling block has been the regulation placed on the small-cap market in general. Through these obstacles millions of dollars have been lost attempting to get certificates cleared, and the problems have become more serious since the fall of 2009.
Baron Capital, through its wholly owned subsidiaries, will create a “one stop shop” for small-cap companies and investors to use the public markets to raise capital and trade the stocks of companies at this market level.
Baron Capital will grow and change within this new environment from which it must develop, but as it prospers, so will the opportunities for investors and companies.
http://equijohn.blogspot.ca/2013/12/bcap-for-...pital.html
10) B.Legal/Disciplinary History. Names of Officers, Directors, and Control Persons: Matthew Dwyer -Sole Officer and Director
. Please identify whether any of the foregoing persons have, in the last five years, been the subject of:
1.A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);
None
2.The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined,
barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
None
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities
regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or
None
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or otherwise limited such person’s involvement in any type of business or securities activities.
None
http://www.otcmarkets.com/financialReportView...;id=123565
11) BCAP Contact Info
Address of the issuer’s principal executive offices
Company Headquarters
Address 1:
515 E Las Olas Blvd
Address 2:
Suite 120
Address 3:
Fort Lauderdale, FL 33301
Phone: 954 -745-3034
Email:
matt@bcapent.com
Website(s):
www.baroncapitalenterprise.com
To Sum Up, From BCAP filings:
1) NO REVERSE SPLIT
2) SHARE STRUCTURE WILL REMAIN THE SAME
3) PREFERRED SHARES WILL BE ELIMINATED 100%: NO CONVERSION
4) THE COMPANY MAKES MONEY FROM FINANCING SMALL CAP COMPANIES: RIGH, TGGI, CYBK
CASH INCREASED 267% DURING Q2 2014.. PLUS THE COMPANY HAS TRADABLE SECURITIES
5) THE COMPANY OWNS 2 SHELL COMPANIES. ANOTHER MILLION DOLLARS CASH SOURCE FOR THE COMPANY.
BCAP has an awesome business model
The future of BCAP~~ BARON CAPITAL BANK..
This is my DD. Read, check filings and make your own DD.
~Blue~
