![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, March 29, 2014 1:25:32 AM
I was intrigued by the statement about White Financial housing all of BCAP's financing operations. I suspect that going forward BCAP will be a pure play consultant and White will be the TA, brokerage, convertible debt specialist, etc. As a wholly owned subsidiary White's financials will show up on BCAP's consolidated balance sheet.
With respect to RIGH: Its always better to be invested in the creditor company than the debtor company. They cannot change their domiciled State and hope to avoid repaying their creditors (I assume BCAP isn't the only creditor that hasn't been repaid in full yet).
If this becomes a matter of litigation, BCAP will present a Judge with its claims, copies of the paper trail to substantiate the claims and then its simply a case of whether the contracts were satisfied in full, or not. Short story is RIGH will have to prove it paid BCAP in full for those 800k Preferred, and if it can't it'll be forced to (plus add costs and accrued interest).
800k RIGH Preferred at 10,0000:1 converts to 8B RIGH Common, which traded between $0.0017 and $0.0020 today. That would be the baseline repayment (then add costs and accrued interest).
Note that RIGH increased its A/S to 30B which it maxed out. I'd expect to see another increase to satisfy the contractual BCAP obligation at some point in time.
The paradox of iHub: buy high, sell low
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM