BCAP breakdown: $270k liabilities wiped per the
Post# of 16816
Posted On: 08/03/2012 11:58:37 PM
BCAP breakdown:
$270k liabilities wiped per the May 16, 2012 PR
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.
Last quarterly report:
Assets: $882k
Liabilities: $731k
Goodwill = $0
Intangibles = $0
Net assets = $151k
http://www.otcmarkets.com/otciq/ajax/showFina...id=79586
Net assets + wiped liabilities = $421k "known" net assets
Could be higher depending on interest from the convertible debt and other unannounced business.
Market cap change per BCAP $0.0001 tick = $236k
@ $0.0001 BCAP = $236k
@ $0.00018 BCAP = net assets
@ $0.0002 BCAP = $472k
@ $0.0003 BCAP = $708k
@ $0.00037 BCAP = gross assets
@ $0.0004 BCAP = $944k
$270k liabilities wiped per the May 16, 2012 PR
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.
Last quarterly report:
Assets: $882k
Liabilities: $731k
Goodwill = $0
Intangibles = $0
Net assets = $151k
http://www.otcmarkets.com/otciq/ajax/showFina...id=79586
Net assets + wiped liabilities = $421k "known" net assets
Could be higher depending on interest from the convertible debt and other unannounced business.
Market cap change per BCAP $0.0001 tick = $236k
@ $0.0001 BCAP = $236k
@ $0.00018 BCAP = net assets
@ $0.0002 BCAP = $472k
@ $0.0003 BCAP = $708k
@ $0.00037 BCAP = gross assets
@ $0.0004 BCAP = $944k
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