Replies to post #112332 on Baron Capital Enterprise Inc (BCAP)

[Snizzle]

Well NO, that's not what it states,

That may be your own personal interpretation and speculation as to what the pr says, but that's NOT WHAT IT STATES!

It states, the share structure is locked until 2014 leaving ZERO room to convert any preferreds as they can ONLY(key word ..only) be converted if there is room under the A/S.


So in review......there is no room to convert under the locked until 2014 share structure.

It's in the pr.....it's in black and white print!

BCAP!

[StubbyPG]

From BCAP Articles of Incorporation and Bylaws:


"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."

End of story