easymonee
23 hours ago
I found something interesting in their last filing, I wonder if they issued the shares below legally. If not they could be canceled, thru the court. Exactly what happened with MDCE 2 years ago, they canceled 2 billion shares thru the custodian process.
Baron issued 480,000,000 million between September and October of 2016 in exchange for the
cancelation of $50,000 loaned to the Company in April of 2012.
Baron issued 550,000,000 million shares between during the second quarter in exchange for the
cancelation of $35,890 in loans owed by the Company since 2012.
https://www.otcmarkets.com/otcapi/company/financial-report/180252/content
easymonee
23 hours ago
I bought this ticker in 2021 when it was active. Like all of you I have waited for it to be picked up.
I used AI (GROK) to tell me the steps to bring a company back from the dead in Florida. It's a good starting point, hopefully we get someone that understands the process in Florida. I imagine our new CEO has already engaged a lawyer to lead him thru the process.
@grok
The process of bringing a dead public company back to active status through the custodial process in Florida involves several steps and considerations, as outlined in the information provided. Here's a summary of the relevant steps and requirements:
Reinstatement Application: A public company in Florida that has been administratively dissolved or revoked can be revived through a reinstatement application process. This involves updating or confirming the Florida Department of State, Division of Corporations' records. The reinstatement application must be completed and submitted with the appropriate fees to the Division of Corporations.
Fees and Requirements: The reinstatement fees vary depending on the type of entity and the length of time the company has been inactive. For example, a Florida LLC reinstatement requires a $100.00 fee plus a $137.75 annual report fee for every year or portion of a year that the LLC was dissolved. There may also be additional penalties or fees that the company was subject to when it was dissolved.
Annual Report and Tax Obligations: To complete the reinstatement process, the company must file all delinquent annual reports and pay any associated fees. It's also important to address any outstanding tax obligations, including sales tax, unemployment compensation tax, and corporate income tax. If the company has been dissolved or revoked for more than one year, a separate application with the Florida Department of Revenue may be necessary to reinstate business tax accounts.
Registered Agent and Address: The company must have a registered agent and a physical address within the state of Florida. When submitting the reinstatement application, the company must provide this information, including the name and address of the registered agent.
Certificate of Reinstatement: Once the reinstatement process is complete and all requirements are met, the company will receive a Certificate of Reinstatement. This certificate indicates that the company is once again in good standing with the State of Florida.
It's crucial to consult with a legal or financial professional familiar with Florida's laws and regulations to ensure that all steps in the reinstatement process are properly followed.
getmoreshares
2 days ago
NEWS NEWS NEWS 4/16/24 Jake P. Noch Family Office, LLC. Takes Position in Baron Capital Enterprise, Inc. (OTC: BCAP) with Intent to Implement Clean-Up and Turnaround Plan
St. Kitts & Nevis , April 16, 2024 (GLOBE NEWSWIRE) -- Jake P. Noch Family Office, LLC. announces today that it has taken a significant position in Baron Capital Enterprise, Inc. (OTC: BCAP), a publicly traded company. This strategic move marks an important step in Jake P. Noch Family Office, LLC.'s commitment to identifying opportunities for value creation and corporate revitalization.
On April 15, 2024, Jake P. Noch Family Office, LLC. initiated its investment in OTC: BCAP, recognizing it as an inactive dormant public vehicle with untapped potential. With a clear vision to unlock this potential, Jake P. Noch Family Office, LLC. aims to seek court approval to gain control of OTC: BCAP and implement a comprehensive clean-up plan, followed by a strategic turnaround initiative.
Jake P. Noch, the principal investor behind Jake P. Noch Family Office, LLC., stated, "We believe that Baron Capital Enterprise, Inc. presents a unique opportunity for restructuring and revitalization. Our intention is to utilize our expertise in corporate governance and strategic management to navigate OTC: BCAP towards a trajectory of growth and value creation."
It is important to note that while Jake P. Noch Family Office, LLC. is committed to the success of this endeavor, there is no guarantee of success. The journey to revitalize OTC: BCAP will require diligence, perseverance, and collaboration with stakeholders.
Jake P. Noch Family Office, LLC. is renowned for its investment strategy, which focuses on maximizing returns while mitigating risk, primarily through QSBS-driven investments. The firm's core competency lies in nurturing companies and facilitating their transition to the public sphere through merger transactions, often seeking court approval for 3(a)(10) arrangements.
In addition to its strategic focus, Jake P. Noch Family Office, LLC. maintains an opportunistic approach, exploring diverse asset classes to capitalize on evolving market opportunities. The firm operates exclusively for the management of Jake P. Noch's investments and does not entertain external clients or investors.
About Jake P. Noch Family Office, LLC. https://www.jakepnoch.com/
Jake P. Noch Family Office, LLC. is a single-family office with no outside clients, dedicated to strategically investing in Qualified Small Business Stock (QSBS) and fostering the growth of emerging companies. Our firm specializes in guiding these ventures towards successful exits through public market mergers, leveraging our expertise and resources to maximize their potential.
At Jake P. Noch Family Office, LLC., we are more than just investors - we are partners committed to the long-term success of the companies we support. Through continuous financial backing facilitated by court approved 3(a)(10) mechanisms, we provide ongoing support to ensure sustained growth and prosperity, driving value creation and innovation in the businesses we invest in.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Jake P. Noch Family Office, LLC. to accomplish its stated plan of business. Jake P. Noch Family Office, LLC. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Jake P. Noch Family Office, LLC., or any other person.
Non-Legal Advice Disclosure:
This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.
Non-Investment Advice Disclosure:
This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication
Contact: investors@ProMusicRights.com
SOURCE: Jake P. Noch Family Office, LLC.
https://www.globenewswire.com/newsroom/ti?nf=OTA5MDU2OCM2MjA0MjY2IzUwMDEyMjA0NA==
https://ml.globenewswire.com/media/YThkYWQ0MzctMDJlMS00ZWI5LWEyNmItZjlmMGFlOGI1MzQ0LTUwMDEyMjA0NA==/tiny/Jake-P-Noch-Family-Office-LLC.png Source: Jake P. Noch Family Office, LLC