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Baron Capital Enterprise, Inc. (BCAP)
Just one of the many reasons investors are
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Wednesday, July 18, 2012 11:19:18 AM
Just one of the many reasons investors are staying away from BCAP!
Here are numbers that are accurate, verifiable and something Dwyer would like to cover up with fluff PR's.
Heres just the tip of the iceberg why savvy investors will steer clear of this fantasyland operation. It's excellent verifiable DD too!
Let's review a Worthless company in big debt. This is the latest annual report for Baron Capital.
PAGE 7 IS A REAL EYE OPENER. BARON CAPITAL EQUALS MASSIVE DEBT!!!
Cash: $ 7,360 Yikes!
Debt: $ 534,254 Ouch!
Salary: $ 484,000 For what stealing shareholders money.
Deferred Salary: $ 1,000,000 Oh sure you deserve it.
"Our total liabilities at fiscal year ended 2011 were $577,178, which included $148,758 of accounts payable,
$201,810 of accrued expenses, an aggregate of $326,610 in convertible debentures and notes payable, we
do not have sufficient working capital to satisfy these obligations. At fiscal year ended 2011, after giving effect to the various conversions of liabilities to equity as
described in the accompanying financial statements, we owe approximately $250,368 under payables and
notes, as well as approximately $142,950 in accrued wages and approximately $57,000 in accrued
interest. We do not have the cash necessary to satisfy these obligations. At fiscal year ended 2011, we
had approximately $7,360 of cash, a working capital deficit of $534,254 and an accumulated deficit of
$14,124,964. We have no commitments from any party to provide such funds to us. We have established a
trading account and have begun liquidating our holdings, but cannot state what the market conditions will
be in the future. If we are unable to obtain additional capital as necessary, we will be unable to satisfy our
obligations or continue with building the Company as proposed in our business plan."
Baron Capital Enterprise, Inc. (BCAP) Stock Trading Info:
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