FROM BCAP LAST FILINGS: Baron Capital has decided
Post# of 16816
Posted On: 12/14/2014 5:16:00 PM
FROM BCAP LAST FILINGS: Baron Capital has decided to focus for now on two key parts that are synergistic in servicing the needs of its target clients. These parts are a bank and brokerage firm. Baron Capital was setup to service small capcompanies looking to go public as well as existing public companies. Currently Baron has been able to assista handful of companies with loans and/or consulting services. However
with a brokerage firm, Baron Capital will be able to offer a broader range of services. By working with only audited and reporting companies, this will ensure a quicker turn around for Baron Capital. The biggest problem with servicing non-reportingcompanies is the length of timemoney is tied up for. This requires a large pool of cash to continue trying to
attract new clients. Baron Capital as part of refining its core business will require all new clients to enter into a
two-year non-cancelable consulting agreement paying the
company a monthly retainer and quarterly stock
options.Baron Capital does not have an obstacle engaging new clients. Itsmain roadblock is collecting money owed to
the Company in order to service new clients
In 2012 Baron Capital began selling shares i
n the market of companies that it held debt in and has continued
this practice throughout 2013 and 2014. In the first quarter 2014 the Company sold $42,000 worth of stock in
companies in which it owned debt and closed the quarter with $32,000 in cash. Bar
on closed the second
quarter end with over $170,000 in cash, and tradable securities. The Company projects it will continue in its
collection throughout 2014 and this will enable the Company to participate in other deals keeping the cycle
going.
In 2
012 Baron purchased two shell companies and sought to find qualified operating companies to merge into
the shells. Baron will retain a piece of the company and enter into a two year consulting agreement with the
client paying the company a monthly retaine
r and stock options. Since March of 2014 Baron has been working
with a group to merge an operating company generating over $1 million annually into one of its shell
companies. They are in the process of getting the company audited which is a prerequisite
to close, and a
closing is anticipated this quarter.
On July 1, 2014 the share freeze was eliminated from the Bylaws of the Company. This would enable the
Company to amend the share structure or effect a reverse split by majority shareholder consent. A
t this time
Baron has not increased the share structure or filed for a reverse split and does not believe any changes will
take place anytime soon so long as the Company can continue to collect the money that is owed.
Baron Capital went dark in January
2013 when its status was downgraded to "Stop" by OTCMarkets and it has
not issued a news release since December 2012. The Company was evaluating the business model and the
changes that have taken place within the industry for trading OTCPink companies. T
he debt held in RIGH and
TGGI was at the time in two companies that had DTC Chills on them
.
Even if Baron had sold any shares to pay
down the debt owed to it, the funds would be tied up for a minimum of 33 days, which makes it difficult to plan.
Baron als
o had one deal go dark and the other changed business direction right after going public, both of
which collectively placed a cash crunch on the company severely limiting its options. The timing to come out of
a self imposed quiet period was directly tied
to Baron’s ability to collect on its debt and have operating capital.
Baron Capital has met with a new auditor which will be retained in August to audit 2012, 2013 and the first six
months of 2014. Once that is done the Company has a few ways to achie
ve an OTCQB listing and will
examine its options and chose the one that will give the Company and its shareholders the path of least
resistance to achieving this listing. Prior to an OTCQB uplisting, Baron plans to expand its Board and has had
discussions
with two potential members along with additional staff to ensure the Company has the ability to
maximize returns on its investments. At this same time with an expanded Board in place, a method shall be
effected to cancel the remaining Preferred shares and
remove all series of Preferred shares from the Article of
Incorporation. A special provision shall be added to the Bylaws mandating that no less than 75% of the
Outstanding Common stock must vote to approve any new Preferred Series, and must vote to appr
ove the
Rights and Preferences of the Preferred.
PAGE 11
http://www.otcmarkets.com/financialReportView...;id=123844
with a brokerage firm, Baron Capital will be able to offer a broader range of services. By working with only audited and reporting companies, this will ensure a quicker turn around for Baron Capital. The biggest problem with servicing non-reportingcompanies is the length of timemoney is tied up for. This requires a large pool of cash to continue trying to
attract new clients. Baron Capital as part of refining its core business will require all new clients to enter into a
two-year non-cancelable consulting agreement paying the
company a monthly retainer and quarterly stock
options.Baron Capital does not have an obstacle engaging new clients. Itsmain roadblock is collecting money owed to
the Company in order to service new clients
In 2012 Baron Capital began selling shares i
n the market of companies that it held debt in and has continued
this practice throughout 2013 and 2014. In the first quarter 2014 the Company sold $42,000 worth of stock in
companies in which it owned debt and closed the quarter with $32,000 in cash. Bar
on closed the second
quarter end with over $170,000 in cash, and tradable securities. The Company projects it will continue in its
collection throughout 2014 and this will enable the Company to participate in other deals keeping the cycle
going.
In 2
012 Baron purchased two shell companies and sought to find qualified operating companies to merge into
the shells. Baron will retain a piece of the company and enter into a two year consulting agreement with the
client paying the company a monthly retaine
r and stock options. Since March of 2014 Baron has been working
with a group to merge an operating company generating over $1 million annually into one of its shell
companies. They are in the process of getting the company audited which is a prerequisite
to close, and a
closing is anticipated this quarter.
On July 1, 2014 the share freeze was eliminated from the Bylaws of the Company. This would enable the
Company to amend the share structure or effect a reverse split by majority shareholder consent. A
t this time
Baron has not increased the share structure or filed for a reverse split and does not believe any changes will
take place anytime soon so long as the Company can continue to collect the money that is owed.
Baron Capital went dark in January
2013 when its status was downgraded to "Stop" by OTCMarkets and it has
not issued a news release since December 2012. The Company was evaluating the business model and the
changes that have taken place within the industry for trading OTCPink companies. T
he debt held in RIGH and
TGGI was at the time in two companies that had DTC Chills on them
.
Even if Baron had sold any shares to pay
down the debt owed to it, the funds would be tied up for a minimum of 33 days, which makes it difficult to plan.
Baron als
o had one deal go dark and the other changed business direction right after going public, both of
which collectively placed a cash crunch on the company severely limiting its options. The timing to come out of
a self imposed quiet period was directly tied
to Baron’s ability to collect on its debt and have operating capital.
Baron Capital has met with a new auditor which will be retained in August to audit 2012, 2013 and the first six
months of 2014. Once that is done the Company has a few ways to achie
ve an OTCQB listing and will
examine its options and chose the one that will give the Company and its shareholders the path of least
resistance to achieving this listing. Prior to an OTCQB uplisting, Baron plans to expand its Board and has had
discussions
with two potential members along with additional staff to ensure the Company has the ability to
maximize returns on its investments. At this same time with an expanded Board in place, a method shall be
effected to cancel the remaining Preferred shares and
remove all series of Preferred shares from the Article of
Incorporation. A special provision shall be added to the Bylaws mandating that no less than 75% of the
Outstanding Common stock must vote to approve any new Preferred Series, and must vote to appr
ove the
Rights and Preferences of the Preferred.
PAGE 11
http://www.otcmarkets.com/financialReportView...;id=123844
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