This is topic FCCN Reduced A/S from 5 Billion to 200 Million! in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by Leardron on :
 
Get in Now!

Franchise Capital Corp. Reduces its Authorized Shares

SCOTTSDALE, Ariz., Sep 28, 2005 (BUSINESS WIRE) -- Franchise Capital Corp. (OTCBB: FCCN) announced today that in a meeting held on the afternoon of Sept. 27 the board of directors voted to reduce the company's authorized shares from five billion down to 200 million. The move was made in response to the large number of shareholders who voiced concerns regarding the high number of authorized. The board also voted on many other issues including several to be announced in the coming days.
"Shareholder value is a primary focus for all of us at Franchise Capital and lowering the authorized is a clear indication in our commitment to our shareholders," stated Edward C. Heisler, Franchise Capital Corp. president and CEO. "The board also made several other important decisions which I believe will impact the company very positively. I look forward to announcing these in the coming days, including our 10-K, which I anticipate to be filed later today."

About Franchise Capital Corp.

Franchise Capital Corp. is a business development company pursuant to Section 54 of the Investment Company Act of 1940. The company currently has five operating, synergistic investments holdings: Kokopelli's Mexican Grill Franchise Co., LLC; Cousin Vinnie's Franchise Co., LLC; Kirby Foo's Asian Grill Franchise Co., LLC; Comstock Jake's Franchise Co., LLC; and Fathom Business Systems Inc., all of which are engaged in business related to restaurant franchise development.

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission.
 
Posted by Leardron on :
 
slowly moving up. Train gettin ready to leave the station.
 
Posted by bigthc1 on :
 
I like this one.
 
Posted by upekha on :
 
let's wait for the K-10 ! This will be a great one I gather from RB
 
Posted by fa113505 on :
 
Thats good news for FCCN.. GL
 
Posted by bigthc1 on :
 
If you wait, you could miss the bus!
 
Posted by Leardron on :
 
You would think the 10K is going to be good since he said he is looking forward to annoucing it along with some other items. I figure if it was bad they would just release it and not mention anything about it.
 
Posted by upekha on :
 
read the statement again:

...I look forward to announcing these in the coming days, including our 10-K, which I anticipate to be filed later TODAY." (my emphasis)
 
Posted by Leardron on :
 
I bet the 10K won't come out till after hours today or right before trading tomorrow morning.
 
Posted by imran_h on :
 
i just got in for another 35 k shares, i thikn this stock is really do, they have stores opening up everywere, who knows the next subway..lol i doubt that but u never this one could ne big i had alot from about 6 monthes ago just added alittle more [Smile]

Goodluck
 
Posted by The Nice Guy on :
 
This is a good company, it could go back to 7 cents which traded not long time ago.

I like their financial statements. a lot of improvement.

One thing that interest me is the decline in account payable which means a healthy cash flow and prompt payment, on the other side, it may mean that business is slowing down and not a lot of purchases and liablities. But that fear is erased by looking at the revenue part in the income statement.

I think this will go up with every good news that is expected to be only good. The nitch market (healthy fast food & other franchises) that they are in is very appealing and expanding.
 
Posted by Leardron on :
 
hmmm, that's interesting NITE moved to .043 on the ask at the market close. Hopefully we will have a gapper in the morning. Guess it all depends on how the 10K looks.
 
Posted by kanalgeruch on :
 
quote:
Originally posted by Leardron:
I bet the 10K won't come out till after hours today or right before trading tomorrow morning.

they were late with releasing the K-10 last time. They had filed for their inability to post on time on 7/13 last time around...Nothing to worry about but I wish they would stop putting deadlines out that they cant meet...well-meaning for sure, but short-sighted. Again, looking at their filing history, I dont think there is anything to worry about...
 
Posted by kanalgeruch on :
 
I have been long on FCCN for around 8 months now ...and seeing the recent gains of FCCN i have been looking for similar companies.

There is another food franchise pink sheet stock out there that seems highly undervalued * .0012 with annual revenues of $ 12M ...and somewhere from 30-50 franchisees...

weak point: not much interest/liquidity in it currently....but this can change rapidly..so it might be a good time to accumulate:

Quality Restaurant Ventures (OTC Pink Sheets: QRVI) today released a financial review showing that during 2004, QRVI had a 269%+ increase in system-wide sales compared to sales made in 2003. This report is the first announcement revealing the financial impact of investments QRVI made last year in two fast-growing, regional fast-food chains, Westshore Pizza and Famous Uncle Al's Hot Dogs (OTC Pink Sheets: FFDG). The report shows that in 2003, QRVI's system-wide sales were $4,677,502 compared with $12,599,913 for 2004. While the majority of the 2004 increase can be attributed to the company's new affiliations, Sobik's Sub Shops posted a sales increase of $207,803 which is 4%+ gain in system-wide sales for 2003.
 
Posted by Leardron on :
 
I think the CEO would have been better off just keeping his mouth shut about when the 10K was coming out if he didn't know it was definitley coming out yesterday. Now everyone is losing confidence. What a way to kill a run.
 
Posted by doling2005 on :
 
This is one heck of a strong stock! Was looking to get in on dip but no dip!
 
Posted by The Nice Guy on :
 
Kanal..

I beleive there is a link or a relationship (at least minority interest) between this company and the quality restaurant ventures.
 
Posted by kanalgeruch on :
 
nice guy! could well be ;-) because QRVI has also started to move and is beginning to show some volume (yesterday there was silence) I was stupid enough to start the QRVI thread without being fully loaded...and it seems hard to get filled now * the .0012 level... c u * the qrvi thread?
 
Posted by imran_h on :
 
woohooo 10k out!! we going up baby!!
 
Posted by Leardron on :
 
Franchise Capital Corp. Reports an Increase in Asset Value

SCOTTSDALE, Ariz., Sep 29, 2005 (BUSINESS WIRE) -- Franchise Capital Corp. (OTCBB: FCCN) announced that the company has filed its Form 10-K for the year ending June 30, 2005 with the Securities and Exchange Commission. Highlights of the filing included the company's total assets as of June 30, 2005 which increased to $1,113,177. The assets exceeded total liabilities by $426,023. Also footnoted in the financials was the fact that many of the liabilities listed as of June 30, 2005 have since been relieved and will be reflected in the 10-Q due Nov. 14, 2005.
"Quarter by quarter we continue to improve the financial condition of Franchise Capital Corp.," stated Edward C. Heisler, Franchise Capital Corp. president and CEO. "I am very pleased with the continual improvement the company is making. We have made a 20% improvement in our asset value over the previous quarter and more than a 100% improvement over the previous year! Looking forward I am very excited about the future. As I stated in yesterday's press release, we have many things to share with shareholders in the coming days that I feel confident will continue to increase the value of the company."

About Franchise Capital Corp.
 
Posted by imran_h on :
 
i like this company alot but they are definatly diluting
 
Posted by pensandoenti67 on :
 
from five billion down to 200 million

how are they doing this?

Retiring shares? Buy back? or Reverse split.

I thought reverse splits are not good??
 
Posted by imran_h on :
 
wow its going up fast on light volume, maybe they are not diluting maybe it was just a shake??
 
Posted by Forrestgump on :
 
Little shake before the run. NO DILUTION HERE ONLY MMS game to get cheap shares.
 
Posted by Leardron on :
 
It appears like the stock was frontloaded. People have been loading up on this since around .02 and they basically sold on the news. I think it will eventually creep back up from here. Especially if they come out with more news in the coming days like the CEO says.
 
Posted by pensandoenti67 on :
 
I would be real careful on this one....

if so many shares are been retired why wasn't there more volume yesterday and today. People that know about stocks and how they are played are staying away.

How are they going from 5 Billion to 200 Million, only thing I can see a is R/S

they can't be buying back so many shares.
 
Posted by Leardron on :
 
quote:
Originally posted by pensandoenti67:
I would be real careful on this one....

if so many shares are been retired why wasn't there more volume yesterday and today. People that know about stocks and how they are played are staying away.

How are they going from 5 Billion to 200 Million, only thing I can see a is R/S

they can't be buying back so many shares.

It's easy to go from 5 Billion to 200 million with the A/S. You just do it. It is the O/S that you can't do that with and from what I have heard the O/S is around 60 Million shares.
 
Posted by Forrestgump on :
 
As a matter of fact, A/S still at 200 in float at 60 millions. CEO cancelled the 5 billions increase.
 
Posted by The Nice Guy on :
 
pensa...

They are reducing the Authorized (it may not been fully issued & outstanding)

Moe
 
Posted by kanalgeruch on :
 
quote:
Originally posted by Leardron:
quote:
Originally posted by pensandoenti67:
I would be real careful on this one....

if so many shares are been retired why wasn't there more volume yesterday and today. People that know about stocks and how they are played are staying away.

How are they going from 5 Billion to 200 Million, only thing I can see a is R/S

they can't be buying back so many shares.

It's easy to go from 5 Billion to 200 million with the A/S. You just do it. It is the O/S that you can't do that with and from what I have heard the O/S is around 60 Million shares.
they only have 60 Million on the float! This is a reduction of the AUTHORIZED shares..NOT OUTSTANDING ...it is just an assurance that there will NOT be a dilution.....
 
Posted by Leardron on :
 
Franchise Capital Corporation Sells its Interest in Fathom Business Systems

SCOTTSDALE, Ariz., Sep 30, 2005 (BUSINESS WIRE) -- Franchise Capital Corporation (OTCBB:FCCN) announced today that its Board of Directors, with the recommendation of the Investment Committee, voted to sell its interest in Fathom Business Systems, Inc. Fathom Business Systems is a licensed dealer of Point of Sale (POS) systems which was originally purchased in late 2003.
In a Board of Directors meeting held on Tuesday September 27, 2005, the Audit Committee recognized Fathom's continual losses and the negative effect to Franchise Capital Corporation's financials. The Board voted unanimously for the sale.

Franchise Capital Corporation President & CEO Edward C. Heisler stated, "This is a very wise decision the Company has made. Fathom has not been profitable and continues to be an expense to the Company. Removing Fathom from our portfolio companies will help us to improve the Company's bottom line."
 
Posted by imran_h on :
 
Its tanking

i dont know why :s
 
Posted by upekha on :
 
no new franchises in the K-10....
 
Posted by imran_h on :
 
is this one dead??? shoul di just take my huge loss and sell??

any input would be great

Thanks in advance
 
Posted by upekha on :
 
My 5 cent input: I held FCCN for 8 months...(much longer than I am usually hold one)..I really liked the stock!

After the last disappointing release I just dont see any scenario for a run any time soon...(I was lucky to get out in time with a 45% gain * 0.35).

Take the loss and put what you have left into CESY...you might either make up the loss quickly....or lose some more (which you would do in any case when holding FCCN any longer)....

I have been wrong most of the time - so pls do your DD carefully !!
 
Posted by imran_h on :
 
i dont know bro, its up to almost .03 from .02 early this morning

i am still holding
 
Posted by imran_h on :
 
FCCN...here comes .03 break!
 
Posted by doling2005 on :
 
GREAT NEWS Just out

http://biz.yahoo.com/bw/051005/55566.html?.v=1
 


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