Every $0.0001 in $BCAP represents a change in mark
Post# of 16816
Posted On: 08/03/2012 6:45:33 AM
Every $0.0001 in $BCAP represents a change in market cap of $236k. At $0.0003 the company market cap is $708k, at $0.0002 it's $472k.
Per the PR on May 16, 2012, if anyone is rational and interested in acquiring assets inexpensively:
"[i]The Company previously announced it was planning to reduce its liabilities and as of today, $270,000 from the overall liabilities reported in the 1st Quarter will be wiped out by June 30, 2012. The goal of the Company is to reduce the liabilities so they amount to less then 50% of the stated assets of the Company.[/i]"
Total assets from the last quarterly report: $882,126
http://www.otcmarkets.com/otciq/ajax/showFina...f?id=79586
Assuming BCAP's goal is reached, the company is a bargain at $0.0002 since its trading above net assets.
Per the PR on May 16, 2012, if anyone is rational and interested in acquiring assets inexpensively:
"[i]The Company previously announced it was planning to reduce its liabilities and as of today, $270,000 from the overall liabilities reported in the 1st Quarter will be wiped out by June 30, 2012. The goal of the Company is to reduce the liabilities so they amount to less then 50% of the stated assets of the Company.[/i]"
Total assets from the last quarterly report: $882,126
http://www.otcmarkets.com/otciq/ajax/showFina...f?id=79586
Assuming BCAP's goal is reached, the company is a bargain at $0.0002 since its trading above net assets.
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