Baron Capital Enterprise Inc (BCAP)

[Pharaoh-1]

I believe that your post is completely not true since you did not read nor copy the whole paragraph. Read the red lines below-the conversion can't happen without the company has the common stock available first-buy back baby

The Consent not only secured the share structure of the Company and will prevent any reverse splits for 2 years, but also defined the corporate makeup of the Company as well. Everyone who voted on the Consent stated the Company has 2.4 Billion Authorized shares of Common stock and 5 Million Authorized shares of Preferred with 1 Million shares being designated as Series AA. The Consent further went to define the Rights and Preferences of the Series AA Preferred stating each share of Preferred has the right to convert into 10,000 shares of Common stock and carries full voting privileges. The Rights and Preferences also state the Company does not have to increase the amount of Common stock to allow for conversion from Preferred stock to Common stock and the Preferred can only be converted when and if the Company has Common stock available. The remaining 4 million shares of Authorized Preferred have not been designated as any Series and do not carry and Rights or Preferences at this time.