Baron Capital Enterprise Inc (BCAP)

[JDs Stocks]

Baron Capital Blog (Q & A) Compilation:

I have compiled all the Questions and Answers on the Baron Capital Enterprise Blog into one succinct list. I have altered, edited, and/or condensed several of the questions to make them as concise as possible; however, I have not altered CEO Matt Dwyer's responses in any way. If you would like to see the Questions and Answers in their original format or read the Comments, then please visit the Baron Capital Blog page.

Q - Questions are in black
A - Answers are in red

Baron Capital Blog (Q & A) Compilation:

Q: How is Michael E.Herman, whose name appears on several Baron Capital Sunbiz.org filings, affiliated with Baron Capital Enterprise?
A: Mike has been working with me for over a year since he graduated from Florida State with a BS degree in Finance. I have been teaching him what I have learned during my 26 years in this business, in order for the company to succeed we will need good people working for the company. I have known Mike's family for years his Dad is a friend of mine. Mike filed the TA-1 application with the SEC for the transfer agency and is listed as President on all our subsidiaries.

Mike will become a statutory Officer and Director of Baron once we complete the name change, clear the matter with Peskin, and acquire D&O insurance.

Q: On October 17th, panelists at an SEC roundtable called for enhanced transparency on the execution, clearance, and settlement of Microcap Securities. How do you feel this will affect Baron Capital Enterprise (positive or negative)?
A: Positive I feel.

Q: Will Baron Capital Enterprise take some of that business segment over?
A: I believe it will leave a large void in the Small Cap Market place, in fact it has for the past few years.

Q: Does Baron Capital Enterprise have any policies, standards, or criteria in place for the Microcap Companies it does/will do business with?
A: This is a long answer I wish to address on the call as other will want to hear this and Yes we have standards as to who we do business with.

Q: Has Baron Capital Enterprise issued the Non Convertible Preferred stock mentioned in the September 12th PR, and if so, has any of the money been used to expand business operations and/or buy back shares?
A: The Preferred will be part of the S-1 Registration even if we did raise funds we would place them in escrow until the S-1 goes effective.

Q: Which divisions of Baron Capital Enterprise are currently operational and generating revenue?
A: The functioning parts are the Investment Division which buys and sells debt, the TA will be online any day in full operations with clients lined up other operations and being worked on to become active ASAP.

Q: Will Baron Capital Enterprise announce it's current Officers and Directors, along with, any new additions?
A: Yes, but I want to wait until after we filed the Financials, completed the Name Change, and obtained D&O Insurance to protect new incoming Officers and Directors.

Q: When will Baron Capital Brokerages and Services go online for Trading Account enrollment?
A: This is a tough question to answer we would like to say this year, but there are so many factors that go into buying a firm, you need licensed personnel, you need regulatory approval, you need to find a firm that meets all your needs (almost impossible) so you look for one that meets a significant amount of them.

You also look to see the last time they amended their charter with FINRA, maybe they can go before a them and request the changes you want prior to purchasing the firm. Once the firm is purchased the new owners will not be able to make any changes for 12-24 months. So as you can see this is not as simple as finding a company entering into a purchase agreement and off you go.

Q: How soon do you expect the Baron Capital Enterprise site to go live and become fully functioning?
A: I believe the web site will be functioning for what we need at this time within the next two weeks, of course we will always be working on the site to make improvements.

I don't think a company is ever done working on its website.

Q: Do you know why the Baron Capital Bank filings were rejected, and do you plan on having the filings resubmitted for approval in the near future?
A: Yes, the State requires you to submit documentation for a full license to obtain a corporation with the word "Bank" we simply wanted to acquire the name as the bank will be the last part of the Company to become active. We will seek to purchase a small 1 or 2 branch Federally chartered bank this way we can cut down the time to obtain a new charter from the Government.

Q: The market ultimately dictates share price; however, without providing insider information, can you please provide an idea of what you feel the fair market value of each share currently should be?
A: Well considering the improvements we have made to the Company,s share structure, debt reduction and the new business model I believe we should be trading in the .003-.005 range.

Once we release the financials for the period ending September 30 and begin generating revenue during the fourth quarter I believe the value of the Company should be over $.01.

Q: Do you plan on providing (perhaps on the blog) a written transcript, Q & A review, or general overview of the Conference Call for those shareholders who are unable to attend?
A: I think we will have the ability to record the call if so we will post a link to the audio file for people to listen to later on.

Q: Have you (Matt), or anyone involved with the company, been actively promoting TOFS via paid newsletters in September, or any other recent time?
A: Well since the Company and me are one in the same since I am the only Officer or Director of the Company, the answer is NO I have not.

Q: How many shares are there in the Float?
A: The shares outstanding and the float are one in the same there are no restricted shares, since all share have been issued for over 2 years. There are however 70,894,918 still in certificate form.

Q: Why can't the Transfer Agent disclose how many shares there are in the Float?
A: They usually do not disclose any information it is a company policy they are communicating with people about the Authorized and the Outstanding, they will not disclose the float because that is always changing.

Q: How many free trading shares does Matt have?
A: Matt owns Preferred that is convertible into Common at this time he owns over 1.2 million shares of which the majority is capable of being converted into Common stock, however he can only sell 1% of the outstanding every 90 days, and any shares he gives away as a gift is included in the amount he is allowed to sell.

Q: How many shares were gifted by Matt?
A: Over 200 million during the past 4-5 years.

Q: To whom were the shares gifted (spouse, other relative, friend(s))?
A: Friends.

Q: When were the shares gifted (year(s))?
A: Between 2007 and 2011 I believe.

Q: What price were those shares gifted at?
A: At various prices.

Q: How many of those gifted shares have been sold, when, and at what price?
A: I have no clue what the people did with the shares after I gifted them away, it is not up to me when or how they are sold, nor is it the responsibility of the CEO to monitor such actions. For the sake of answering this question I did ask the person I gifted the last block to and they still own 120 mill of the 200 mill gifted in early August of this year.

Q: When will Baron Capital Enterprise file its S-1 with the SEC so the uplist to OTCQB or OTCQX can transpire?
A: Company will begin preparing the S-1 this quarter and file it after the end of the fiscal year. This will allow the Company to increase its cash position and reduce its liabilities so it does not get a “going Concern” paragraph from its auditors.

Q: Approximately when does Baron Capital Enterprise anticipate the uplist to one of these SEC reporting venues to take place?
A: This will happen next year probably late in the first quarter to early in the second.

Q: Will Baron Capital Enterprise only use the Clearing House for in-house stock transactions or also for other companies?
A: The goal is to facilitate clearing services for other companies and as well as our own securities and accounts.

Q: Will the name, ticker, and CUSIP # change still occur on November 1st as indicated by the September 28th PR, or are delays expected?
A: As of the writing of this response we are on time, but I would not be surprised if it was delayed a week or two at max simply due to the amount of work and documents needed to be filed, and the legal opinion needed for the new CUSIP # so the Company doesn’t get a “Chill” placed on the new CUSIP #.

Q: Will the constant errors (typos) found on the website ever cease to be made, and can a professional be hired to address these errors?
A: We have hired a professional proof reader I believe you are referring to changes made live during the day. As we tweak the website live rather then take it down for maintenance you may catch errors in mid stream. I would be concerned if they stay there for longer then 24 hrs if not it is merely a typo that will be corrected.

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