quote:Originally posted by madmoney: 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??
is this a serious question from a newbie?
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quote:Originally posted by madmoney: 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??
is this a serious question from a newbie?
it was a serious question, i have not seen the term "reverse merger" used in the related PR`s so I assume it will be an all stock transaction, i assume FCCN will issue X number of shares to AERO for each share of AERO and the number of FCCN shares issued will depend on the value of each AERO share against the value of each FCCN share at the time of closing. is that about right? or have i got it bass ackwords
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quote:Originally posted by madmoney: 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??
is this a serious question from a newbie?
it was a serious question, i have not seen the term "reverse merger" used in the related PR`s so I assume it will be an all stock transaction, i assume FCCN will issue X number of shares to AERO for each share of AERO and the number of FCCN shares issued will depend on the value of each AERO share against the value of each FCCN share at the time of closing. is that about right? or have i got it bass ackwords
The term "reverse merger" doesn't have to be used in a PR for it to be a reverse merger. The fact that a private company is going public by merging with a public shell means that it is a reverse merger. It is what it is. Just like I do not have to be told that if a stock is not registered under the Securities Act of 1933 means that it is restricted stock. I don't have to be told that it is a restricted stock because that's the definition of a restricted stock.
BTW, the price does not have to be related to anything near how FCCN trades or how much Aero stock is right now. It will be arbitrarily agreed upon when the merger happens, just like an IPO.
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quote:Originally posted by madmoney: 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??
is this a serious question from a newbie?
it was a serious question, i have not seen the term "reverse merger" used in the related PR`s so I assume it will be an all stock transaction, i assume FCCN will issue X number of shares to AERO for each share of AERO and the number of FCCN shares issued will depend on the value of each AERO share against the value of each FCCN share at the time of closing. is that about right? or have i got it bass ackwords
The term "reverse merger" doesn't have to be used in a PR for it to be a reverse merger. The fact that a private company is going public by merging with a public shell means that it is a reverse merger. It is what it is. Just like I do not have to be told that if a stock is not registered under the Securities Act of 1933 means that it is restricted stock. I don't have to be told that it is a restricted stock because that's the definition of a restricted stock.
BTW, the price does not have to be related to anything near how FCCN trades or how much Aero is valued. It will be arbitrarily agreed upon when the merger happens, just like an IPO.
quote:Originally posted by Repoman75: If it hits .04 again, I'm going to short 10 millions shares.
its time repo.....LOL
this guy only comes out when there is some blood on the street that he can spit on he´s talking out of his ass ONLY he is not a trader in my book but he´s fun somehow...and i enjoy some fun during trading where is alice now anyway?
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this was a textbook manipulation organized by some IDUMPers which caused this panic sell i bet repo wasn´t even part of it, i´d rather say he was stupid enough to fall for it and was playing bigboy again... some other people were making money hand over fist today
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Held... thank God. Unfortunately I expect others to view BS as I do... not the best BS trend trader here... why do I always get surprised that people believe BS?
Congrats to those that were not hurt and held. To those that improved their positions.. congrats, would love to be there with you. Those hurt today... pennies give lessons that cost dollars sometimes.
quote:Originally posted by dog: Held... thank God. Unfortunately I expect others to view BS as I do... not the best BS trend trader here... why do I always get surprised that people believe BS?
Congrats to those that were not hurt and held. To those that improved their positions.. congrats, would love to be there with you. Those hurt today... pennies give lessons that cost dollars sometimes.
Well said, dog....I am one of those that have spent dollars to earn lessons....and that is why I held today. I did add to my position a little too high, but hey, it is lower than where it is now and will be later.
Good luck to all!
-------------------- Study before you buy, Sell before you think about it....
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One poster was enough to tank this? .. too many people reading but not comprehending... definitely not making phone calls or checking out false claims..
quote:Originally posted by dog: One poster was enough to tank this? .. too many people reading but not comprehending... definitely not making phone calls or checking out false clasims..
posted
Form 8-K for FRANCHISE CAPITAL CORP. 8-Jan-2007
Change in Directors or Principal Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS' ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICER On January 2, 2007 Robert McCoy, the sole member of the Board of Directors, appointed James Bickel and Gary Nerison to serve as members of the Board of Directors. Mr. Bickel will also serve as Chairman of the Investment Committee and as a member of the Audit Committee. Mr. Bickel entered into an agreement with the Company, effective as of January 2, 2007. The agreement has a twelve-month term, subject to renewal upon agreement of parties. Mr. Nerison will also serve as Chairman of the Audit Committee and as a member of the Investment Committee. Mr. Nerison entered into an agreement with the Company, effective as of January 2, 2007. The agreement has a twelve-month term, subject to renewal upon agreement of parties. Under the agreement, he is entitled to a monthly $1,000 fee for services rendered. The Board of Directors now consists of Robert McCoy, James Bickel and Gary Nerison, each of whom is an independent director.
Biographical Information for James Bickel
Mr. Bickel has over 40 years of experience in sales and senior management positions with manufacturing-based companies: Allison Spring and Manufacturing (1968-1973), Bicor Machinery and Manufacturing (1974-1979), and Keel Corporation (1980-1986), all California based manufacturing companies of high-tech metal parts and assemblies. From 1980 to 1995 Mr. Bickel owned his own Formula Ford racing team running in the West Coast Series. He also sponsored and helped manage a two car TransAm team in partnership with RPM Racing, during this time they followed the Indy Car/Cart series racing at most of the major venues in the US. For a brief period he sponsored an Indy Car which raced at Indinapolis and his racing interest dates back to the days with the Granatell's at the Indy 500. From 1986 to 2002 Mr. Bickel served as vice president of Uniglobe USA and president of Uniglobe Midpacific and assisted in building a national travel franchise system with over 900 locations. He later built a golf retail franchise system. Since 2002 Mr. Bickel has acted as vice president and secretary of the World Health and Education Foundation and as vice chairman of MedChannel LLC, a medical device company serving radiology and surgical markets. Mr. Bickel is currently the Chief Executive Officer of S3 Investment Company, Inc., a publicly-traded holding company with businesses in China, a position held since 2005. Mr. Bickel also serves as Chief Operating Officer and a member of the Board of Directors of GTREX Capital, Inc. Mr. Bickel also serves as a member of the Board of Directors of CLX Investment Company, Inc. Mr. Bickel served on the Board of Directors of Sovereign Exploration Associates International Inc. during 2005.
Biographical Information for Gary Nerison
Mr. Nerison is an experienced entrepreneur in commercial real estate and loan brokerage companies. With his rich business commercial real estate background, over the last 36 years, Mr. Nerison has initiated and led to growth several commercial real estate and loan brokerage companies. In 1998, he founded a loan brokerage firm placing venture loans for new business, which he still currently manages. Since 2002, he has been the Co-founder and President of World Health and Education Foundation, a charitable organization. Mr. Nerison attended Augustana College in Sioux Falls, South Dakota with Major in Economics. Mr. Nerison also currently serves on the Board of Directors of GTREX Capital, Inc. and S3 Investment Company, Inc.
Sounds like board in place with racing automotive experience... merger bound with AERO IMO.
quote:Originally posted by dog: One poster was enough to tank this? .. too many people reading but not comprehending... definitely not making phone calls or checking out false claims..
Best post I've read all day. I saw this drop to .022 right before I left to go to Aero today. I wasn't expecting to see much today, but what I did see was VERY encouraging. I also spoke to FCCN's IR guy. What he told me made perfect sense and any other explanation would have been unacceptable after SLJB/CSHD. The portion of Aero I visited today is about 45mins from my house. It is the technical sales office in UT. The gentleman that meet us in the entrance was very careful in what info he would release, but just seeing the building was a relief. We talked about their products and he said that office was used for technical sales QandA. He mentioned they have several distribution centers all over the US, but mentioned the one in California specifically. We asked if we could take pictures of the inside, but were denied. He thought for a moment and said, "it wouldn't be a good idea". The office was small, but had a lot of cool NASCAR stuff on the walls. All in all the visit was very worth my time. If/When this merger is completed, I will more than likely just sit back and enjoy the ride. I have NO doubt that Aero is BIG and will produce very satisfactory financials in the future for us. Do not invest on my word alone, but do your own DD. I will not listen to anyone's B/S on this stock. I've seen it with my own eyes and nothing will sway me. GLTA
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