Baron Capital Enterprise Inc (BCAP)

[mike523]

NEW POSTING ON BARON CAPITAL BLOG PAGE: http://baroncapitalenterprise.com/index.php/blog


I received this email from a shareholder over the weekend in RED are my responses

I have compiled a list of questions that (potential) shareholders have asked and have posted on the message board.
After deliberation with other shareholders we've come to the conclusion that you better be aware of that so that you're better prepared for the upcoming CC on the 26th. I didn't edit those questions and they came straight from the horse's mouth...

* There has been several recursive questions about the Float.
- How much shares are there in the Float? 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.
- Why can't the Transfer Agent disclose how much shares there are in the Float? 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
- How many free tradable shares does Matt have? 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.

* Matt said he hasn't been selling shares, but has gifted some in the past:
- How many shares were gifted by Matt? Over 200 million during the past 4-5 years.
- To whom were they gifted (spouse, other relative, friend(s))? Friends
- When were they gifted (year(s))? Between 2007 and 2011 I believe
- What price were those shares gifted at? At various prices
- How many of those gifted shares have been sold, when and at what price? 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.


* Some questions about the uplist: - When will the company file its S-1 with the SEC so the uplist to OTCQB or OTCQX can move forward? The 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.
- Approximately when does the company anticipate the uplist to one of these SEC reporting venues will take place? This will happen next year probably late in the first quarter to early in the second.

* Will we only use the clearing house for in-house stock transactions or also for other companies? The goal is to facilitate clearing services for other companies and as well as our own securities and accounts.


* Will the ticker change and up listing be on time Nov 1st or are they expecting some delays? 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 #

* When will they stop making typos on the website and start doing a simple spell-check before they update anything and can they hire a professional to do a better job and make it more stylish? 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.

Matt, the next paragraph is from a "basher" on the board and I want to include it because they are valid points:

As of June 30th per earnings report:
Cash = $ 0.00
Revenues = $ 0.00
Total current assets = $ 2,146.00
Total Fixed Assets = 44,076.00
Total Assets = $46,222.00 But wait! Assets will increase over tenfold! Okay. Next quarter total assets = $462,220.00
Total current liabilities = $1,003,618.00 But wait! These will be reduced by 40% - Okay next quarter liabilities =$600,000.00 more or less. Little short on assets exceeding liabilities, $138,000 short, but hey he did say "over tenfold" so we will assume 14 fold which is about what he will need to exceed liabilities. Not only did he have ZERO cash, he was overdrawn at the bank for $444 ... which is chump change, but this is someone you expect to all of a sudden build an empire? Accumulated shareholder equity deficit "$14,508,491.00" (my favorite). Another "positive" sign this guy over the years has shown he can make money!

Proof of dilution:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65418346&txt2find=tofs



First off the post if from someone who claimed I was going to merge a vitamin company in so please take moment to realize whom you being given advice from.



I believe on Nov 1 the financials will speak for themselves I realize this is a round about way of getting me to release information ahead of time, but they will be posted on Nov 1 at which time everyone will see the change as I indicated.



Let’s discuss the accumulated deficit: for those who do not know how to read the balance sheet this number is not indicative of the past companies or how they are operated, this number included stock that was given as options, for salary, for investments or conversions. The majority of the deficit was created prior to me becoming an Officer or Director of the Company.



I am not going to respond to posts made by people on Ihub, if people have a question for me either email me or post it on the Blog on the Baron Capital website.



I also have found this on the "DD Support Board and Fraud Research Team":

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60137854



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60139148&txt2find=tofs



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67267495&txt2find=tofs



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Thats about it Matt, you now have an idea of what to expect, and if you prefer you can answer some of those question already, or answer them in a PR or during the CC... When I find more questions I can convey them to you as you wish...



PS: I hope your intentions are valid, because I have invested a substantial amount here, as well as many others.

If you can realize your feasible plans you have with Baron Capital then you can become a hero for all of us, please bear that in mind, and I hope this isn't a scam like some are alluding to! Its up to you to proof them wrong Matt!!



I feel I have done more then enough at this point not to warrant the comment listed above, if you do not think I have proven we are different then any other PinkSheet listed Company then maybe this Company is not for you.



We can only lead by example how can we preach to others that our way is good for them if we do not follow our own advice.



Sincerely XXXXXX