BARON BEGINS PREPARATIONS FOR AUDIT
Press Release:
BARON BEGINS PREPARATIONS FOR AUDIT
Press Release: Baron Capital Enterprises, Inc. – 31 minutes ago
Companies:
•Baron Capital Enterprise, Inc.
RELATED QUOTES
Symbol
Price
Change
BCAP.PK
0.0003
0.00
FT. LAUDERDALE, Fla., April 27, 2012 /PRNewswire/ -- Baron Capital Enterprises, Inc. (BCAP.PK) (www.baroncapitalenterprise.com) would like to take this time to update shareholders on the Company.
Baron Capital has filed all its financial reports to keep the Company listed as "Current Information" on www.otcmarkets.com. During the first quarter the Company experienced an increase in SG&A costs which will continue to rise during the second quarter as the Company prepares to become auditable again. The Company also accrued close to $250,000 in liabilities from wages and loans to the Company. The Company has already begun working to remove these liabilities and approximately another $100,000 in liabilities off the balance sheet during the second quarter.
The Company will enter into a new employment agreement with its sole Officer and Director which will reduce the cash compensation and work on other methods of compensation. During fiscal year 2011 the Company only compensated its sole Officer approximately $30,950 in cash compensation.
In March the Company was able to open a brokerage account and begin converting its aged debt and selling it to raise working capital for the Company. The Company was able to raise significant working capital by mid April to move the Company forward.
In April the Company retained its former consultant to begin preparing the financials to be audited. The Audit will roll the financials forward from year end 2006 through year end 2011. The Company possesses all the documents needed to complete the audit. The Company has been in discussion with its former auditors and plans on retaining them by the mid to end of April.
The goal of the Company is to complete the audits in June and file the necessary documents with the SEC by July 1, 2012 to once again become a reporting entity. At the time of the filing the Company will introduce new members to its Board and new employees for key positions.
In the coming the weeks the Company expects several significant events may take place and the news of these events will be distributed as the events unfold.
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Looming Deadline for Beta Bionics Investors Time's ticking fast for those holding onto Beta Bionics (BBNX) stock who might've been caught in a web of undisclosed risks and regulatory misses. Investors feeling the pinch from this fiasco have till November 3, 2026, to throw their hat in the ring as lead plaintiffs in the class action lawsuit out of California. The...
Continue Reading
A Decade of Dedication Some stories out there bring a much-needed shine to the otherwise relentless grind, and this is one of those rare gems. No Dogs Left Behind (NDLB) is celebrating a monumental milestone: ten years into their mission, they've crossed the incredible threshold of saving over 10,000 dogs from the clutches of slaughterhouses in East Asia. The nonprofit...
Continue Reading
A New Era for HGTC with Dr. Heafner at the Wheel Out of the frying pan and into the fire—Dr. Lori Heafner is stepping up to lead Horry-Georgetown Technical College (HGTC) with a clean slate and a hefty load of responsibility come January 2027. After enduring an intense national search by the Area Commission, she beat out tough competition to earn the role. It's not just...
Continue Reading
A New Player in Global Tech If you've been sleeping on China's tech scene, it's time to wake up. Moonshot AI just launched Kimi K3, the largest open-source model by parameters we've seen, a significant leap in artificial intelligence that's catching even the eyes of folks who hardly touch technology—like retirees in Italy. Rapid AI Advancements China's story isn't about...
Continue Reading
Pushing AI Regulations into High Gear I'll tell you what—it's about time somebody shook things up in the AI world with more than empty promises. Governor Newsom's executive order is doing just that, fast-tracking the timeline for implementing California's SB 813. This move is like giving speed boots to the legislative process, revving up the rules to ensure AI doesn't...
Continue Reading
Mental Health Steals the October Spotlight In the bustling streets of New York City, October is about to get a mental health makeover. Project Healthy Minds is putting the pedal to the metal with their fourth annual World Mental Health Day Gala on October 8th, followed by the world’s largest mental health festival on October 10th. These events, held at Spring Studios,...
Continue Reading
A Bumpy Ride for PayPal's Investors Back in 2025, PayPal was beaming about new growth strategies, filling the air with grandiose promises. Fast forward to February 2026, and the script had flipped entirely. Earnings came in nasty and disappointing, particularly in the Branded Checkout front. Adding to the chaos was their CEO unceremoniously taking the high road out the...
Continue Reading
Quantum Leap: Chattanooga's Bold Move So Chattanooga’s making waves again, folks. EPB just unveiled its new big shot, the IonQ Forte Enterprise quantum computer. That's right, they’ve slapped a commercial quantum computer and a networking hub together, right here in this Tennessee city. Is this a tech haven or what? Not to mention, it’s the first in America. A New...
Continue Reading
Gaming Illuminates Pathways to Literacy and Community Trust me, when an indie game publisher like Kobold Press makes waves, it's worth paying attention. They've carved a niche in the roleplaying world by marrying traditional game elements with valuable educational tools. The thrill of the game goes beyond rolling dice; it's a ticket to improving literacy, arithmetic, and...
Continue Reading
Shanghai Heralds New Era in Arts with Carnival Coming in hot, Shanghai's ready to shake up the city's cultural scene with the 2026 International Audio-Visual Arts Carnival. It's happening in Jing'an District from September 24 to October 18, promising an experience that fuses travel, technology, and art. Just about anyone can catch a break from their daily grind and dive...
Continue Reading
Top 5 Most Recently Viewed Articles
Texas Dental Practices Unite for Sharing Smiles Day In a remarkable display of community commitment, five dental practices across Texas are gearing up to participate in a significant initiative aimed at providing free dental care to families in need. Organized by Benevis, a prominent dental healthcare organization focused on serving underserved communities, the 10th...
Continue Reading
Revolutionary Portable Warming Solution for Meals and Beverages Imagine savoring a warm, nutritious meal wherever life takes you, without the need to search for a microwave. This vision drives the newly invented MICRO-BOWL, a portable warming device designed specifically for foods and liquids. The inventive mind behind this innovation set out to create a hassle-free way...
Continue Reading
Canton Fair: A Catalyst for Global Trade Adaptation The 137th China Import and Export Fair, commonly known as the Canton Fair, concluded recently and showcased significant transformations in global commerce. As buyer attendance swelled by 3.4% from Europe and the United States, emerging markets have increasingly been stepping into the spotlight. Trader participation from...
Continue Reading
Thin Film and Printed Battery Market Overview The Thin Film and Printed Battery market is on an exciting trajectory, with projections indicating it will reach a remarkable USD 1374.74 million by 2032. This growth, at a substantial CAGR of 25.48%, highlights the increasing demand for innovative energy solutions. Technological Innovations Fueling Market Expansion Recent...
Continue Reading
Opportunity for Investors to Act in a Securities Fraud Case Terran Orbital Corporation is currently facing a significant securities fraud lawsuit, and investors are encouraged to take action. This situation has arisen due to claims made against the company regarding its financial practices. The Schall Law Firm, a dedicated national shareholder rights litigation firm, is...
Continue Reading