posted
FWIW- For those who don't know, I am Cassity's sister. He wanted me to let everyone know that he is on his way to Aeroexhaust. It is about 45 min. from where he lives, so he should be there shortly. He is also trying to get in touch with Franchise Capital. He will keep everyone posted as to what he finds out.
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Sound like Repo may be right, still to early to tell what really happened, but it looks like The AS was increased on the same day as the highly touted Newsletter release. Wonder why that move didn't make page one.
It would be nice to know if those shares are going to the merger share restructure, rather than the Diluter.
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quote:Originally posted by TaxBack04: Sound like Repo may be right, still to early to tell what really happened, but it looks like The AS was increased on the same day as the highly touted Newsletter release. Wonder why that move didn't make page one.
It would be nice to know if those shares are going to the merger share restructure, rather than the Diluter.
i don´t believe that IDUMB-story... can´t see AERO pull a stock-scam 2 days before the merger but people like repo are working in my hand here, so keep going!
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posted
I think it was just normal profit taking(this was a 20 bagger you know), from people that don't know how to sell well, without affect PPS.
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Cassity just called Franchise Capital and wanted me to let everyone know that he will post what was said in detail when he gets back from AERO. He wanted me to tell everyone that it is positive and he feels good about things again.
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Posted by: MrTrendGreen In reply to: cruzdelsur who wrote msg# 9553 Date:1/8/2007 1:39:19 PM Post #of 9672
Ok here is what I have found. Take it or leave it. This was in 2004 and has no relevence to today's current situation./
A special meeting of shareholders of Franchise Capital Corporation was held on December 16, 2004 where the following matters were voted upon, and approved, by the shareholders:
a) To authorize 5,030,000,000 shares of capital stock of the Company, of which 5 billion shares will relate to Common Stock and 30,000,000 million shares will relate to preferred stock, subject to further designation by the Board of Directors of the Company; and b) To amend Article I of the Articles of Incorporation to read as follows: "The name of this corporation is Franchise Capital Corporation", and c) To effect one-for-ten reverse stock split of the Company's common stock (the "Common Stock") by reducing the number of issued and outstanding shares of Common Stock from 48,458,351 to approximately 4,845,835
That was December 14, 2004 when that change was made! And if you notice they did a reverse split of the stock and reduced it back down to 4,845,835! Under 5m shares!
Isn't it almost funny that a couple of jerks can come upon this board, at the right time, and paste a web address that has no relevence to the current situation or any bearing in truth and cause a selling frenzy and cause nice honest decent folks alot of dough! I bet these f*^%^& idiots are the ones buying your cheap shares! What drama. We go back to where we where at. This Mrs. Gonzalez, who works in the accounting office and files reports to the SEC, sounded sincere to me. She has alot of her own money invested into FCCN and told me point blank that this merger was a go. Geez..The manipulation some can pull off. May you guys run them out of town on a rail. Mr. TrendGreen
posted
Not sure,..was this seen? If so,...ignore.......
AS increased to 5 billion on Jan. 4
Action Type: Amendment Document Number: 20070005837-72 # of Pages: 1 File Date: 01/04/2007 Effective Date: Previous Stock Value: Par Value Shares: 200,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 20,000.00 New Stock Value: Par Value Shares: 5,000,000,000 Value: $ 0.0001 Par Value Shares: 30,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 503,000.00
From Nevada Sec. of State
-------------------- ~You aren't wealthy until you have something money can't buy.~
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quote:Originally posted by got2hvfaith: Cassity just called Franchise Capital and wanted me to let everyone know that he will post what was said in detail when he gets back from AERO. He wanted me to tell everyone that it is positive and he feels good about things again.
Thanks! I was going to send a couple of friends by there too (I used to live not far from you guys), but I think Cass has it all covered...
-------------------- Study before you buy, Sell before you think about it....
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Posted by: beandog24 In reply to: MrTrendGreen who wrote msg# 9721 Date:1/8/2007 2:30:01 PM Post #of 9773
Trending the problem that occurred in the past with FCCN management was that they changed the A/S in a filing from 5BB to 200MM without a shareholder vote, in order to clean up the previous blunder it was required that in order to be complient the A/S was returned (for now) to the original stated position (5BB). O/S as of right now stands at 72 million and news is coming this week (expected on wednesday to clarify the definitive agreement and structure issues). All is moving forward as planned and they have encountered no delays so it appears that we are on with the anticipated date. They are also working on and will be filing all accompanying K's in the coming 90 days. A/S as the stand will not be an issue whether at 5BB or 200MM as no dilution will occur prior to the merger and the company (Aero) is currently determining the structure that they best feel fit for the company at the previous time. In my conversations with Aero this numbers is somewhere in the A/S 200-250 range with a possiblility of 400MM at most. My best feel was with this an Amex listing was believed to be the pursuit potentially as early as mid 07. Few people got excited today and rightfully so if the structure was changed for a dilutive or other reasons detrimental to the stock but such is not the case, just need to be complient prior to merger finalization.
quote:Originally posted by dog: Posted by: beandog24 In reply to: MrTrendGreen who wrote msg# 9721 Date:1/8/2007 2:30:01 PM Post #of 9773
Trending the problem that occurred in the past with FCCN management was that they changed the A/S in a filing from 5BB to 200MM without a shareholder vote, in order to clean up the previous blunder it was required that in order to be complient the A/S was returned (for now) to the original stated position (5BB). O/S as of right now stands at 72 million and news is coming this week (expected on wednesday to clarify the definitive agreement and structure issues). All is moving forward as planned and they have encountered no delays so it appears that we are on with the anticipated date. They are also working on and will be filing all accompanying K's in the coming 90 days. A/S as the stand will not be an issue whether at 5BB or 200MM as no dilution will occur prior to the merger and the company (Aero) is currently determining the structure that they best feel fit for the company at the previous time. In my conversations with Aero this numbers is somewhere in the A/S 200-250 range with a possiblility of 400MM at most. My best feel was with this an Amex listing was believed to be the pursuit potentially as early as mid 07. Few people got excited today and rightfully so if the structure was changed for a dilutive or other reasons detrimental to the stock but such is not the case, just need to be complient prior to merger finalization.
I believe this is the same thing Cassity was told by Franchise Capital today.
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quote:Originally posted by dog: Posted by: beandog24 In reply to: MrTrendGreen who wrote msg# 9721 Date:1/8/2007 2:30:01 PM Post #of 9773
Trending the problem that occurred in the past with FCCN management was that they changed the A/S in a filing from 5BB to 200MM without a shareholder vote, in order to clean up the previous blunder it was required that in order to be complient the A/S was returned (for now) to the original stated position (5BB). O/S as of right now stands at 72 million and news is coming this week (expected on wednesday to clarify the definitive agreement and structure issues). All is moving forward as planned and they have encountered no delays so it appears that we are on with the anticipated date. They are also working on and will be filing all accompanying K's in the coming 90 days. A/S as the stand will not be an issue whether at 5BB or 200MM as no dilution will occur prior to the merger and the company (Aero) is currently determining the structure that they best feel fit for the company at the previous time. In my conversations with Aero this numbers is somewhere in the A/S 200-250 range with a possiblility of 400MM at most. My best feel was with this an Amex listing was believed to be the pursuit potentially as early as mid 07. Few people got excited today and rightfully so if the structure was changed for a dilutive or other reasons detrimental to the stock but such is not the case, just need to be complient prior to merger finalization.
Regardless of whether or not the rumor is true - that A/S for FCCN just went from 200M to 5B - people seem to not understand the difference between A/S and O/S, and how a reverse merger actually works.
In a reverse merger, the officers of the private company (Aero) will receive 90%+ of the new company in the form of restricted stock. In addition, 5% to 20% of the O/S needs to be free trading and not in the hands of insiders. It doesn't take a math genius to see that with the current 74M O/S and only 200M A/S, this isn't going to cut it.
posted
In December 2006, Franchise Capital entered into a preliminary agreement to acquire the issued and outstanding shares of Aero Exhaust, --- anyone know how many shares AERO has outstanding and how FCCN is going to pay for them??
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