Wide Eyed I think All im Saying is Everything Comes with a Price these Days, I wouldn't Expect much? Out of Anyone. Just do the Research, nothing Good in Life Comes Easy.
Steven Weinberger wrote the By-Laws. He is $BCAP's Counsel. I hope no-one is accusing him of breaking the law.
S-1 news coming up shortly :-D
Share freeze in effect per Counsel :-D :-D :-D
The passing of this measure places the share structure of the Common stock in the hands of the Common shareholders until July 1, 2014.
The only time any increase to the Authorized or a Reverse Split to the Common shares can take place is when a majority of the Common shareholders vote to do so.
The Consent not only secured the share structure of $BCAP and will prevent any reverse splits for 2 years, but also defined the corporate makeup of $BCAP as well.
The Rights and Preferences also state $BCAP 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 $BCAP has Common stock available.