Published On: Mon, Oct 3rd, 2016

Baron Capital Enterprises, Inc. (OTCMKTS:BCAP) Resumes Trading After Updating Financial Results

Baron Capital Enterprises, Inc. (OTCMKTS:BCAP) recently filed its financial statements with the SEC to once again become current in the stock market. As such, the stock was allowed to resume trading at the OTC, on September 23, after the stop sign had been removed from the stock. However, it was not until September 28 that the stock registered some movement and doubled in terms of value per share.

The company noted that it had filed its financial results from June 30, 2014, through June 30, 2016. Baron Capital was of the opinion that the statements reflected a thriving business. As per the latest financial report, for the period ended June 30, 2016, BCAP’s total assets and investments surged by 312% and 2,711%, respectively. The company refused to identify any of its clients, except for regulatory purposes, but it did state that since December 2015 none of the revenues had come from past clients.

As part of additional disclosures, Baron Capital stated that several advances had been made since June 30, 2016. This included the reinstating of Continental Stock Transfer, as the transfer agent of the company. Moreover, a recent amendment made to the bylaws of the company, eliminates the super voting from preferred stock holders. However, this has also been accompanied by a raise in the number of authorized shares, to allow preferred stock holders to convert their equity into common stock. The move is aimed at allowing Baron Capital to eliminate all preferred stock.

During the 1H2016, BCAP’s checking/savings declined by approximately $3,500, while convertible notes remained unchanged. Moreover, the company recorded $0 as ordinary income for the period, as compared to over $98,000 a year ago. However, due to stock sales and debt forgiveness, the company was able to record a net income of over $1.54 million, as compared to just over $2,400 from a year ago.

Baron Capital Enterprises, Inc. (OTCMKTS:BCAP) closed at a share price of $0.0003, after having gained 50% in terms of its share value, during the September 30 trading session.

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