I was told by Matt that a brokerage could be bought for as little as $150,000
A brokerage with self clearing from $200,00 to $500,000.
I believe he is trying to buy a brokerage for around $250,000.
If he is able to find one for that price, only a portion of what he sells
in preferred would be needed to buy the brokerage or like I said worse
case scenario, he does a raise of 500m shares and funds it that way.
I am willing to bet that he pulls this off and starts creating immediate revs
with the brokerage, the TA and debt conversion. Something tells me 2012
Will be a good year for BCAP.