posted
US, we all feel your pain from CSHD, but would you kindly stop the bashing here? We all have our eyes wide open, and we choose to ride it out, so far at least.
-------------------- Study before you buy, Sell before you think about it....
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posted
The 8K... ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 12, 2007, Franchise Capital Corporation (the Company) executed a definitive agreement with TTR HP, Inc. d.b.a. Aero Exhaust, Inc. (Aero) which calls for a share exchange of common stock between the Company and Aero. Under the terms of the definitive agreement, the Company can exchange up to 95% of its total capital stock for up to 100% of the total capital stock of Aero. The specific share amounts will be determined at closing, which is anticipated to take place once the Company is current with its financial statement filings and Aero has completed an audit of its historical financial statements, presently anticipated for the second quarter of 2007.
In conjunction with executing the definitive agreement, the Company agreed to a revolving commercial loan to Aero in the amount of $1,500,000, of which $850,000 was drawn down on January 12, 2007. The loan bears interest at the prime rate and is due and payable in 18 months. Notwithstanding the payment terms, the loan and any accrued interest are convertible into Aero common stock at the time the share exchange closes.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
MidwestConnection, why does it matter for you?? You told everyone on iHub last evening you were selling your 2 million shares right away in the morning if there wasn't any news this morning...
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posted
"In conjunction with executing the definitive agreement, the Company agreed to a revolving commercial loan to Aero in the amount of $1,500,000,"
Aero needs $? and FCCN gave it to them?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Who says they really NEED it? Sometimes companies will take on debt for expansion so they don't drain their cash resources. To put a sticker on every car, sponsor another as primary, sponsor a race, up distribution, etc. - that will take some cash flow...JMHO
Not to mention maybe the interest paid is intended as a gain for FCCN...AERO has additional funds, FCCN makes money in the form of interest, everyone wins...
-------------------- Study before you buy, Sell before you think about it....
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posted
"so they don't drain their cash resources" A company would much rather spend their own cash than take on a loan if possible, but that's beside the point. What really raises eyebrows is that they took on a 1.5 million dollar loan because they don't want to drain their cash resources. What does that tell you about their current value?
-------------------- "Low risk, high gain"
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...Of course they don't have to give you audited financials on AERO until June 30th.
Have a nice wait. I predict a sell off tommorrow on the uncertainty and questions surrounding the 'loan'. Unless a PR comes out explaining those issues.
Well you got you merger, now you wait for your pps actual worth.
Now I will go away, no point in being here anymore. Good luck to you all !
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quote:Originally posted by MidwestConnection: "so they don't drain their cash resources" A company would much rather spend their own cash than take on a loan if possible, but that's beside the point. What really raises eyebrows is that they took on a 1.5 million dollar loan because they don't want to drain their cash resources. What does that tell you.
That was just my opinion...they obviously have a good product, and a good market for it. It simply tells me that they wanted (or needed) more cash flow to make bigger things happen. Do you not borrow when you want a bigger house? Even if I had the cash, I would still get the loan simply for the write off and to have my cash available - that was my point...
Since you edited ( ) - what it tells me is that they don't have a lot of liquid assets. They probably have everything tied up in the form of real estate and/or manufacturing equipment. The potential revenues are as real as before though...
-------------------- Study before you buy, Sell before you think about it....
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posted
That's right 10of13. There are certain people who should stay in this stock and certain people who shouldn't. -The people who should stay: Free riders. The people who bought at 3 cents and were smart enough to sell half their position at 6 cents during the massive speculation are in a good position to profit off this a few months from now. -The people who shouldn't stay: The ones who bought recently. I'm predicting 2-3 cents for PPS by closing tomarrow. If someone has a lot of their money tied into this stock, they should head for the hills tomarrow at 9:30 EST sharp.
-------------------- "Low risk, high gain"
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quote:Originally posted by MidwestConnection: That's right 10of13. There are certain people who should stay in this stock and certain people who shouldn't. -The people who should stay: Free riders. The people who bought at 3 cents and were smart enough to sell half their position at 6 cents during the massive speculation are in a good position to profit off this a few months from now. -The people who shouldn't stay: The ones who bought recently. I'm predicting 2-3 cents for PPS by closing tomarrow. If someone has a lot of their money tied into this stock, they should head for the hills tomarrow at 9:30 EST sharp.
People that spread fear probably have no interest in this at this time.
posted
Wow, there are a couple of pretty bad apples in this thread. I can understand why some folks would be disappointed in todays filing but is it necessary to point out to everyone that they should sell as a result?
Very poor posts fellas, you should be ashamed of yourselves really.
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quote:Originally posted by MidwestConnection: I'll be looking back to this in next quarter. Sorry guys, but there WILL be a sell off tomarrow morning.
total bull**** i canīt believe the trash thrown around here ladies first of all YOU have an agenda here, even fools can see that you got banned on IFLOP, got a new name and got banned again now you take your trash over here? someone should ban this guy here too before it gets ugly... a definite merger agreement is bad news? i really want to see who you want to fool with this... a 1.5 mill loan is a bad thing? now itīs getting really stupid... for whatever reason this loan was executed, itīs a good thing as they are lending the money to THEMSELVES itīs actually a VERY good thing might it be for tax purposes or anything else, it for sure appears to be a smart move wish i could lend myself some of that... AERO as a company doesnīt need that kind of loan,itīs rather likely that the loan comes from AERO themselves as FCCN was a shell with no assets you did some DD on the company you know that... and thatīs why youīre here now! hehe with a mill and a half they couldnīt even sponsor a nascar-team for a week and you little punk know that damn well for all others: we have a DEFINITE MERGER AGREEMENT! expect a PR tomorrow about this!
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posted
Yes, as a matter of fact I do own shares. If I owned 0 shares it would be a huge waste of time to be frequently posting on FCCN message boards for the past week. Do you want my shares or something? PM me if you are interested.
-------------------- "Low risk, high gain"
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quote:Originally posted by MidwestConnection: Yes, as a matter of fact I do own shares. If I owned 0 shares it would be a huge waste of time to be frequently posting on FCCN message boards for the past week. Do you want my shares or something? PM me if you are.
how long has FCCN been on the SHO-list now? 13 days? LOL THIS WILL BE FUN!!
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quote:Originally posted by MidwestConnection: Yes, as a matter of fact I do own shares. If I owned 0 shares it would be a huge waste of time to be frequently posting on FCCN message boards for the past week. Do you want my shares or something? PM me if you are interested.
posted
Wow I_ub have real idiots. A public shell, by definition, means no assets, no liabilities, nothing - thus a "shell". 850K is an asset. Where did FCCN get 850K, and where do they intend on getting the rest of the 1.5M from??
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quote:Originally posted by Uncle Smelly: QUOTE]I agree 100%, greed is what kept me in both of those stocks. I could have sold CSHD anywhere in the $3 range and made a 100k+. If I would have sold SLJB at even .18 I would have made 20k. Fortunately, I sold SLJB after they didn't meet the deadline in Sept, but I lost all of it in CSHD regardless. If this stock turns out bad, it will be the last one I ever hold!!
Well you have to diversify, you can't put everything into the pinks. I own SOFO, FL, GE, a few others that are pretty consistent and produce dividends.
But those will never make you a million, or even 100K. The Pinks and the OTCBB is where most people that can't throw 50k into a $5 stock go to try and hit a big one. CSHD from .04 to $4 was a big one. SLJB from .002 to .18 was a big one.
But 9.9/10 turn out to be scams...and therein lies the catch 22 of the pinks/otbcc. I chose to take the risk - but not enough that I will go broke...or even come near it. [/QB][/QUOTE] --------------------------------------------------------- agree
most pennies are scams allowed to be scams by the SEC ( the more you play the pennies the more new scams you uncover), but you can still make money on these
2006 partial scam list that made (or lost ) some people alot of dough
usxp ndol sljb chsd gbdx
alot of losses were due to PURE GREED, though!
folks, when your up 500%+ on a stock and don't cash out at least 50% of your position (minimum 25% of your position) then you can you really blame yourself, C'MON 500%+....and no profits to show !
****BUYER BEWARE, 100x applies to the pennies, as there is no REAL REGULATION on what these companies do******
it is high time the SEC woke up, they need a seperate division just to monitor the penny stocks, until that day scams will be the norm.
Good Luck To All In 2007
BUYER BEWARE !
as we all know, but forget at times; with pennies especially...Pigs get Fed, Hogs get Slaughtered!
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quote:Originally posted by MidwestConnection: Good luck affording boots after tomarrow. I've never seen so many iblub confederate southern hick regulars migrate over to this board in one day.
Hey TMD how do you like your fried chicken down there
quote:Originally posted by MidwestConnection: Good luck affording boots after tomarrow. I've never seen so many iblub confederate southern hick regulars migrate over to this board in one day.
Hey TMD how do you like your fried chicken down there
They must of followed you....
i wonder how long it takes him to get banned here too... " we have a definite merger agreement! everybody SELL SELL SELL!!!" unbelievable
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