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LOL. There is no lockdown on the float. In fact the PR says nothing about the float..LOL
The PR talks about the A/S and addressed how Matt has left the door open to dilute like crazy.
There is a difference between A/S, O/S, & Float. In fact there's actually a difference of over 34 million shares between A/S & O/S that Matt controls.
This issue is huge for shareholders. Matt has a history of converting his preferred shares into common shares and dumping.
I guess he thinks if he puts out this PR then no one will think it's him dumping.
People need to start focusing their DD on Dwyer himself and his history.
I hear ya man. I already know about it. His plan, in my belief, is to do the same again.
How do you know NITE is shorting BCAP?
I've read the press release and see nothing new on sunbiz.
The commoners could collectively vote to increase the A/S if they so chose. There's a net difference between A/S and O/S of over 34,000,000 shares. Matt can convert his preferred into commons and control the vote.
Preferred takes precedence over common.
And just FYI, it's "frozen," not "freezed."
It's in the bylaws. Re-read the section on converting the AA Preferred shares into common shares.
Here's how Matt can do it:
The difference between A/S & O/S is 34,644,053 shares.
And this is how Matt can do it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80737306
Matt issued himself 620,750 shares of Preferred AA in exchange for $1,000,000 of his well earned accrued salary.
He controls over 34 million common shares that are waiting for his disposal.
If he gives himself just one of those shares...or let's say he goes so far as to buy just one share.....
Then Matt can now convert his 620,700 shares of AA Preferred into..........
6,207,000,000 shares of common stock.
That's right folks, 6 Billion 207 million shares of common stock at his disposal if he so chooses to exercise his options.
Who holds the 34,644,053 shares that constitute the difference between the A/S and O/S?
Good honest post.
I agree we don't know why it's gagged, but it's not a good thing. I've had TA's tell me it was gagged at the company's request, but I've never been given another reason.
We'll find out Monday, I'm sure.
I picked up on everything the first read. The door's still open.
Not saying it will or won't happen, but the possibility is there. No one can definitively say there will not be any more common shares flooding through the gates.
It will be day by day to see if it ever happens.
Good luck Pharaoh.
Peace.
Tell that to Dwyer.
There are 1,000,000 shares of AA preferred.
Each share of AA preferred can be converted into 10,000 shares of common stock.
It's all there in black and white. I'm simply pointing out what the PR states and that seems to ruffle some feathers.
If it doesn't make sense to you, you really should send your questions to Dwyer.
Thanks & GLTY
you're asking the wrong question. A/S is irrelevant. like I said, I can explain it to you tomorrow step by step if I have to but I'm out for the night.
I'll break it down to you tomorrow. it doesn't take that much reading comprehension.
I'm out for the night.
good luck with this.
1,000,000 x 10,000 = 10 Billion
Not much of a share freeze when there's still the possibility for an additional 10 Billion shares to come flooding through the gates.
And our first winner is JonB!
I wouldn't call the language vague; I would call it very specific. The language "opens the door" (as we say) for Dwyer to flood the market with 10 Billion shares.
Despicable Dwyer.
Thanks and GLTY
Nope, read the PR again. It's in there.
TEN BILLION MORE SHARES INCUBATING FOR THE DUMP
Unbelievable!!! Someone please tell me I'm wrong. Did anybody read this thing? Maybe I'm off by a zero, but I don't think so.
If you don't know what I'm talking about, then you didn't read today's PR. Can anyone offer a reasonable explanation for this? I'd love to hear some logical answers.
If you can convince me this isn't right, I'll gladly ask for the post to be deleted.
Thanks.
Meaningless!!!
It's common knowledge the SS is frozen, it just hasn't been "officially" announced yet. If you want to pretend this is a big boy stock, then that piece of news is already (and has been) factored into the price.
But they were selling into the trips today...sshhhh
The RSI is tanking...that's not a good sign. Not to mention the overall chart looks like it's going on life support.
Now if the RSI were 55 and rising, then that would be a positive indicator, but that's not what's going on here.
And for those who like the weekly when it suits their tastes, that's a bearded lady as well.
Peace.
Yes, my response regarding BCAP becoming the next Etrade was fecetious. GLTY
Cool. Common ground.
Absolutely, just as soon as Matt has almost 48 Billion dollars in assets, annual revenues pushing 2 Billion dollars, etc., etc., ....
You get the picture of what has to happen. Let's just start with getting the business operational and get off the OTC first.
Thank you for that advice. I have no idea whatsoever how that applies to my post, but I will watch and learn. Thank you and good luck.
Fundamentally undervalued?
BCAP is fundamentally a shell. BCAP has ZERO profits, ZERO earnings, less than $4,000 cash and ZERO anything that resembles a business, fundamentally speaking. Well, BCAP might have lessening inventory of shell shares for sale which would mean they're moving some "product", but that information's not fundamentally available to the public.
To put it more simply, BCAP doesn't even have any fundamentallys to be fundamentally valued.
Thanks for the heads up. BCAP loves me.......
This vote is one of the dumbest things I've ever witnessed. Dwyer doesn't need a vote to freeze the SS; he can just freeze it if he wants to, it's his shell.
I can only see a couple of reasons for this vote:
- Dwyer's just trying to build some hype for the obvious reasons, or
- Dwyer will have the audacity to say he didn't get enough votes and then do the unimagineable.
Whatever...Dwyer's milked this shell to no end and he's focused on his new shell.
LOL. Do your DD. BCAP, RIGH, and TGGI are just one entangled and intertwined mess. It's really not that hard to figure out.
Box job anyone?
BCAP'S BEHEMOTH FINANCIAL EMPIRE...
Consists of ONE man with a computer and a website in a tiny office. If anyone sold as little as 5 million shares yesterday at .0008, they would have more cash on hand than the soon to be financial giant known as BCAP.
Dwyer's gonna need a little more than 4 grand to accomplish this endeavor. Uhm, yeah, if this business plan wasn't a laughing stock, he could get some legitimate financing.
BCAP will have the golden boys at Goldman Sachs shaking in their shoes in no time.
Hype campaign's going on over one year now. All fake.
Over one year later and BCAP has:
NO operable business,
NO revenues,
NO customers,
NO profits,
NO employees, but....
BCAP has a plethora of PR's. In fact there should be seven more in the next two and a half weeks.
BCAP = all PR's and NO business.
LOL, the weekly is nothing but a band aid to cover the wounded daily.