Traders have responded well to the news received this month on Baron Capital Enterprises, Inc. (BCAP) forcing the penny stock above the triple zero range. The month began with an update of having been been restored to “Current Information” on OTCMarkets, but today’s announcement of no reverse split until July, 2014 has sent BCAP stock surging as the sixth most traded penny shares on the OTC as of mid-day Thursday.
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BCAP Stock Chart
Market Cap: 2.36M
Last: 0.001, up 0.0003 (42.86%)
Dollar Volume: $67,788
Average Trade Size: 545,869
Issued and Outstanding: 2,362,355,947
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After having reviewed the recent financial filings for Baron Capital Enterprises and their relation with RightSmile Inc. (RIGH), 750,000,000 free trading shares, whether they ever really file an S-1 with the SEC, this could be a really hard penny stock to trade out of.
On the 21st of September, Baron Capital claimed to have completed the acquisition of a subsidiary entity with 45 existing shareholders which was originally created back in the late 1990’s when it was easier to perform reverse mergers and take companies public. The entity is said to have never had any operations flow through it, essentially a “Virgin Shell.”
The intentions are for Baron to operate its transfer agency and brokerage services within the new entity. However, as much as traders and investors would like to know, Baron stated they have no plans to release the name of the new entity or the transfer agency it is acquiring until it must do so under law or when the S-1 is filed.
About BCAP Stock
Bottom Line: Something doesn’t smell right with this penny stock, BCAP, especially with their direct connections with RightSmile, Inc. (RIGH). Treat BCAP stock like a wave and just rip it knowing that the closer you get to shore, the sooner its gonna close out on you. Definitely not one to hold through a weekend, perhaps not even overnight.
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