I believe there are multiple payments owed. The de

I believe there are multiple payments owed.  The debt that is either pay or give shares I believe that is the payment due in July.

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. 

Then there is another debt for the financing of the R/M (take this quote from the 2011 annual fins and divide in half, since half this convertible debt is in TGGI):

In September the Company entered into an agreement to acquire $500,000 worth of convertible debt in two separate public companies in exchange for 62,500 shares of its Series AA Preferred stock. 

I still believe BCAP is owed money.  First an update from the 2011 annual fins:

  "In late March the Company was able to obtain a brokerage account and has begun liquidating a small portion of its investments within this account."

This is the statement I believe means BCAP is still owed more from RIGH:

"In April the Company had successfully sold all the shares of RightSmile, Inc. it received from a portion of its conversion of aged debt resulting in a significant increase to its working capital. The Company was able to complete all sales by mid April."

I believe the text in the quote I made bold means only a portion was converted.  I gather that whatever was converted during this transaction was liquidated.

 Ask MD when you get a chance, but based on the financials, this is how I pieced the puzzle.  I do hope to see a PR next week with some good news.