Recently I posted a response from Matt Dwyer, CEO
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Recently I posted a response from Matt Dwyer, CEO of BCAP on a board where investors come to hangout and discuss there stocks with-out all the trash that is on some boards. I posted this reply to my fellow BCAP investors because it is an honest response from a man attempting to create a new market for small and micro cap companies.
Several factors through-out the past few years have severely limited small/micro companies from accessing funds to further their business. Here is what Baron Capital has to say about the situation.
Baron Capital Enterprises
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.
Here are a few facts most investors do not know:
- Online trading firms do accept penny or subpenny stocks to be deposited into your account either by certificate or electronically.
- Mainstream firms on Wall Street do not accept subpenny stocks and will only accept penny stocks if you have large cash balances on deposit ranging from $500,000 to over $1,000,000.
- Some firms no longer accept stock certificates at all.
- Depository Trust Clearing Corporation (DTC) is the only entity with the power to make securities DTC eligible and move through their electronic system, known as DTC FAST or DWAC. DTC does not approve subpenny stocks and approves very few penny stocks.
- Currently there are less than a handful of clearing houses that will accept penny stocks or subpenny stocks and more stop taking them every day. Those that do accept these stocks have restrictions on the amount of shares they will carry in-house and may also enforce sale limitations.
Even “The Don” Donald Trump talked about it recently on CNN’s Squawk Box, the little guy, the start up companies, they can’t access money. Banks aren’t lending. So, many companies turn to the open market to access public funds, this is the foundation of which the stock market was born.
What Matt Dwyer is attempting to do is even the playing field for the small guy, the start up guy; the guys that are proven to have a larger impact on unemployment than the big guys. The small business and start up companies that will help dig America out of its rut. The guys that have to spend more time filing forms and paying fee’s than doing what they should be doing, using our investment capital to the companies advantage and our gain. Mr. Dwyer states his business plan best,
Baron Capital plans on turning the clock back 20 years to offer both the small-cap company and the investor the opportunity to utilize the public markets to raise capital and make money.
Now, I’m a pretty simple guy. I work long hard hours in a challenging and competitive business. My family is the most important thing to me, and I started investing when I had my daughter 2 ½ years ago. I’m not a rich guy, I scrape up what I can to invest because I want to be able to provide a nice life for my family. It bothers me when I invest my money into a company I believe will truly be a game changer in the small-cap business landscape, only to have to put up with constant babble from nay-sayers. I have stated a theory as to why on the BCAP and RIGH I-Hub message boards, there is a very persistant negative presence. If you are unfamiliar, please look through my posting history and you’ll get caught up to speed. It is because of this presence that I reached out to Matt Dwyer. Mr. Dwyer was gracious enough to respond to my questions. These same negative forces are now taking this reply and twisting it into something that it quite simply is not.
Dwyer: I fully understand your frustration as I have run all the scenarios through my mind from suing everyone to filing a complaint with SEC.
Them: We look forward to that!
Of course you would. If he spent time and money suing you, he would have less time to work the business plan.
Dwyer: The issue is we are attempting to move the company back to a fully reporting status and attract a different class of investor, should I do any of the things above it becomes a disclosure item within our financial report and that I believe we spook potential investors.
Them: More b/s
More cold hard reality, would be a disclosure item which could spook investors (of a different class)
Dwyer: I am not going to get into a debate with people who have no clue about what they are talking about and just want me to go off and open the door for them to sue me.
Them: We're just uploading transcripts between you and Schneider, and we have plenty others. Speaking of them, do you deny their authenticity?
So far everything that has been posted about transcripts, emails, etc have been proven false, lies, or half truths. Show the whole documents, the complete email chains for credibility, remember it takes two to email, so the full story is out there somewhere…...
Dwyer: The information posted that has been shared with me has many flaws my name does not appear in Whites sworn statement (not a deposition) I believe White admits to being a pathological liar on page 8 line 12 (Again this is not an official court document it is a sworn statement)
Them: Thank you for confirming it's an authentic statement, your partner admitting his guilt.
The statement is “White admits to being a pathological liar” therefore anything he says could very well be a lie.
Dwyer: My name is not mentioned in the lawsuit filed in Broward County against Randy Schneider (because it can’t, and I have nothing to do with the case), I have no business connection to Randy, Steve or Elkind of any kind.
Them: You hand picked Schneider to fill in as RIGH CEO, you sent him the PR's, you fabricated all the asset numbers. TRANSCRIPTS REVEAL THAT YOU CONTINUED TO FUND WHITE/SCHNEIDER AFTER YOU KNEW THEY WERE FRAUDS. THAT MAKES YOU A FRAUD
So far everything that has been posted about transcripts, emails, etc have been proven false, lies, or half truths. Show the whole documents, the complete email chains for credibility, remember it takes two to email, so the full story is out there somewhere…….
Dwyer: I have not been subpoenaed nor has the Company regarding any matter.
Them: That's debatable.
No, it is not debatable, it is FACT.
Dwyer: I have not been contacted by any regulator nor has any of our attorneys regarding any pending issues.
Them: So you say...
So he does, FACT.
Dwyer: I have not been contacted by DTCC regarding any “Chill” or potential “Chill” BCAP has not issued any additional shares since early January of this year.
Them: Let's wait and see.
No Chill, NO ADDITIONAL SHARES, FACT.
Dwyer: I am not up to date regarding Randy’s court case, but what I can tell you are that RightSmile received a full release from Elkind as did I, and TGGI the case is pending there have been no judgments or default judgments entered.
Them: Thank you for confirming TGGI is not getting a release and Randy is due in Court for his involvement with YOU at FSM.
I believe a solid poster correctly labeled associations like this, Six Degrees of Kevin Bacon.
Dwyer: As for the allegation against Steve I received an email from the women mentioned in one of the posts warning me about Steve last year. I have no business dealings with him and my only involvement was my investment in Full Spectrum Media and its d/b/a Kazore and some web sites created for me. The document circulated by White is useless he has found guilty in a court of law by Elkind either.
Them: Yes, you told randy to fabricate the financials, and you sent Randy SEVERAL PR's to release via News Wire. It was your pump&dump campaign and I am now convinced more than ever, you want to go to jail. Or else, you would not be making these statements that prove your guilt, and Thank you for confirming the Affidavit vs White is valid and authentic.
So far everything that has been posted about transcripts, emails, etc have been proven false, lies, or half truths. Show the whole documents, the complete email chains for credibility, remember it takes two to email, so the full story is out there somewhere……
Dwyer: I have all the backup documentation for the loans made to Kazore in 2009 and 2010 which include copies of each Note and subsequent wire transfer confirmations (these items are need to back up the Notes for the audit).
Them: Don't change the subject. How about we upload the notes where you promised Joe Elkind 988K in increments of 60k/20k and promised him a movie with Ron Pearlmen.
AUDIT, “back up the Notes for the audit”, one day closer.
Dwyer: I currently do not have any plans to flee the country for any reason.
Them: You should probably start making plans.
Glad Mr. Dwyer has a sense of humor about him.
Dwyer: I fully understand your position and I feel the same, but I would rather spend my time building the Company rather then wasting it dealing with false and misleading accusations that can NEVER be proven.
Them: Your transcripts.. not ours!
FALSE AND MISLEADING ACCUSATIONS THAT CAN NEVER BE PROVEN.
So far everything that has been posted about transcripts, emails, etc have been proven false, lies, or half truths. Show the whole documents, the complete email chains for credibility, remember it takes two to email, so the full story is out there somewhere……And I know where!