Looks like the $200k is from a seperate transactio
Post# of 16813
Looks like the $200k is from a seperate transaction as I suspected. This is from Q3 of 2011:
On September 30, 2011 the Company purchased a control block of shares from our CEO, Matthew Dwyer in RightSmile, Inc. for $150,000 which was paid to him using the Preferred stock of the Company. Mr. Dwyer received 18,750 shares of our Convertible Series AA Preferred which equaled $150,000 based on the closing bid price of our Common stock on that day.
And a second quote:
In October the Company sold its control block of 800,000 shares of Series A Preferred stock in RightSmile, Inc, back to the Company for $200,000. The terms of the transaction state; all payments and interest have been deferred until July of 2012 at which time RightSmile can either pay the Company cash or elect to pay off the Note in equity.
I believe the first quote is the liquidation that happened in mid-April.
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)
Baron Capital Enterprise, INC. (BCAP) Stock Research Links
![87113432_827586823_ihmvp-contest-were-back.png](https://investorshangout.com/images/MYImages/87113432_827586823_ihmvp-contest-were-back.png)
Quick Links: MVP Board - OTC Stock Contest - Big Board Stock Contest - Portfolio Challenge - Blog - iStockify