Baron Capital Enterprise, Inc. (BCAP)

[~ Blue ~]

$$$$ MILLION FOR BCAP: IPO's share price 25 CENTS

One of those shells holds what we now know is White Financial. This is from the last Quarterly report that was filed:

"In September the Company acquired majority control of a private entity with 45 existing shareholders. The entity has 25 million shares authorized and Baron plans to complete a small equity raise and file an S-1 registration to register no more then Ten million (10,000,000)
shares that will be sold with a floor of $.25 per share. After the equity raise Baron will maintain its majority ownership of the entity. The shareholders of Baron who participated in the bridge loans will receive their investments back and equity in the new entity. The purpose of the new entity is to raise capital after the entity completes its S-1 filing at much higher levels with limited dilution to the entity. The funds will be used to purchase operating brokerage firms and operating transfer agency services. Since Baron will own over 50% of the new entity the financials will be consolidated and shareholders of Baron will benefit from the operations of its subsidiaries. The new entity will have strict restrictions on management’s ability to increase the Authorized shares or perform a reverse split. "

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