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BPS initiates coverage on BARON CAPITAL (OTCMKTS:BCAP)

BPS initiates coverage on BARON CAPITAL (OTCMKTS:BCAP)
Written by
Aaron Smith
Published on
October 29, 2014
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On 23rd October’14, BrilliantPennyStocks.com initiated coverage on BCAP. The stock declined by 50% since the coverage was initiated.

BARON CAPITAL (OTCMKTS:BCAP) shares continued to shed market value during trading on 28th October. It was down 33 % during the days trading. The lack of investor confidence was in spite of the FT. LAUDERDALE, Florida based firm being upgraded to “OTCPINK Current status” in the last week of August.

Highlights Increase In Business Momentum

Previously, the stock of BARON CAPITAL (OTCMKTS:BCAP) held a "Caveat Emptor" rating. The firm in a press note released at that time had indicated that the upgrade was a direct result of the buildup in momentum of its business operations during the first half of 2014.

2H Growth Road Map

BARON CAPITAL (OTCMKTS:BCAP) also went on to provide an update on its 2H roadmap to its share holders. It anticipates building up a positive cash balance in its company account by end of the year. It has set a goal of “several hundred thousand dollars” as per its press release.

Funds Allocation Breakup For 2H14

The management team has also resoled to use the funds generated from business operations to retire debt and increase the health of its balance sheet. The company has also expressed need to hire a new auditor and embark on cleaning up its books staring 2012. It also wants to use the services of the new auditor to inspect and provide audit report on two of its shell companies. This would help the firm in turn file form 10K with SEC. It also anticipates moving some of its transfer agents to bring in new blood into its business operations.

With regards to increasing the corporate profile of the firm, it has also announced intention to commissioning of a new corporate website and shift to a more prominent corporate headquarters. Management team also hopes to buy out a full fledged D&O insurance plan for its executive team and directors.

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