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point capital inc (PTCI) Details

Point Capital, Inc., a closed-end investment company, focuses on funding the needs of small companies in the United States. The company plans to operate as a business development company. Its loans could be for a company’s growth, recapitalization, acquisitions, real estate, or dividend funding. The company also makes bridge loans; provides loan for private equity sponsors; and buys secondary loans and portfolios. In addition, it focuses on investing in debt and equity investments. Point Capital, Inc. lends money directly to companies in various industries. The company was formerly known as Gold Swap Inc. and changed its name to Point Capital, Inc. in January 2013. Point Capital, Inc. was founded in 2010 and is based in Englewood, New Jersey.

point capital inc (PTCI) Top Compensated Officers

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point capital inc (PTCI) Key Developments

Point Capital, Inc. Announces Auditor Changes

On March 5, 2014, Point Capital, Inc. dismissed its principal independent accountants by notifying Berman & company, P.A. that it was terminating Berman as the company's independent registered public accounting firm. The company retained EisnerAmper LLP as its principal independent accountants. The decision to terminate the services of Berman and retain Eisner as the principal independent accountants was approved by the company's Audit Committee and its Board of Directors.

Point Capital’s Ordinary Shares Deleted From OTCBB

Point Capital, Inc.’s Ordinary Shares has been deleted from OTC Bulletin Board (OTCBB) effective October 21, 2013 on account of ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.

Gold Swap Announces Executive Changes

Effective as of January 28, 2013, in connection with the merger and name change of Gold Swap, Inc. (i) Melvin Schlossberg resigned from his position as president, chief executive officer, secretary and a director of the company, (ii) Donald Ptalis resigned from his position as chief financial officer and a director, and (iii) Vadim Mats resigned from his position as Vice President - Business Development. The Board of Directors of the company (i) elected Richard A. Brand as Chairman, Chief Executive Officer and a director of the company; (ii) Eric Weisblum was appointed President of the company; (iii) Vadim Mats was appointed as Chief Financial Officer and (iv) Richard A. Brand, Eric Weisblum and Van E. Parker became directors of the company. Richard A. Brand, 56, Chairman and CEO, has been a consultant to the Whalehaven Group of Funds since October 2011. Eric Weisblum, 43, President, co-founded Whalehaven Capital in 2003. Mr. Weisblum is currently a Partner of Whalehaven Capital's General Partner and Managing Member of JAWS Capital Partners, LLC. Vadim Mats, 28, Chief Financial Officer, has been the Chief Financial Officer of Whalehaven Capital since June 2010 and Chief Financial Officer of JAWS Capital Partners, LLC since March 2011. Van E. Parker, 65, has been the chief executive officer and executive director of Milford Fine Arts Council since August 2012.


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