InvestorsHub Logo

mdimport

11/07/12 3:07 AM

#115910 RE: fear ceoil #115905

$BCAP's S-1 filing will take place and the 4Q2012 Report will be a 10-K with $BCAP as a voluntary SEC filer.

The audit keeps on progressing, even though some discount the PR's and filings entirely. We've seen the audit news in several different PR's, the Attorney Letter, and the recent Quarterly. That's a necessary step for the S-1, so its progress is doubly important (independent third party audit + government confirmation of the paperwork). Many companies talk big, but $BCAP has already taken many tangible actions on the audit front.

If Matt is concerned about SEC repercussions and correct filings for them, I doubt he is going to worry too much about minor administrative details at the state level.



Yes there were delays earlier in 2012, but review the detail of the PR's and filing, many of the delayed items are already in process or done. I believe if you work through the detail, you'll see a clear progression of events (even if the timeline is thrown off course).

The "virgin shell" shows the roadmap by which $BCAP shareholders will have their operating companies (and revenues) without further dilution. I believe that and the freeze in share structure until July 1, 2014 go hand-in-hand.