Baron Capital Enterprise Inc (BCAP)

[Steve White]

Dwyer makes money on the notes- but "your winning!"

For the Three Months Ended March 31, 2012 & 2011
NOTES PAYABLE
The notes outstanding as of March 31 are:
2012 2011
18% notes payable incurred from June 2006
Through February 2012 464,538 388,710
6% note incurred September 2009 100,000 100,000
Total Notes Payable 564,538 488,710
Accrued interest on:
6% Notes 15,000 9,000
18% Notes 160,686 58,687
Total accrued Interest 175,686 66,187
All 18% notes are due on demand and are convertible into common stock of the Company at the fair
market value at the time of conversion.