quote:Originally posted by Jenna: Tompom- why do you call Repo Alice?
good morning why? because he´s alice in wonderland and people who believe anything he writes must be benny bunnies lol the guy talks out of his ass only, i posted this already the only thing he shorts is the crap in his pants there are actually really some individuals out there who can short pennystocks through an offshore account but repo is not one of them he´s only a s t a l k e r watching on the sidelines... gotta grab some coffee now, i´m dying here
IP: Logged |
posted
Don't forget a lot of traders read that filing and put in their sells for Monday morning, and probably set stops. I'm not too happy as I bought in at .036 but will ride this out.
Some IBub'ers keep saying there is a PR coming out today. I have my doubts on that.
Okay enough with the obvious... I went to the Barret-Jackson auto auction in Scottsdale this weekend. I asked ten different people from different backgrounds if they had heard of Aero Mufflers. Four knew who they were, Six did not.
Of the four I asked if they would by stock if Aero were public, all four said of course. I then told them to check out the news on FCCN on Yahoo Finance to keep it objective.
Anyway we'll see. However if Aero wants to go to a higher exchange and they cannot get the pps up over $1 I'm sure there will be a reverse split.
Good luck this week everyone...if we can end the week at .05 I'll be happy.
IP: Logged |
quote:Originally posted by Uncle Smelly: Don't forget a lot of traders read that filing and put in their sells for Monday morning, and probably set stops. I'm not too happy as I bought in at .036 but will ride this out.
Some IBub'ers keep saying there is a PR coming out today. I have my doubts on that.
Okay enough with the obvious... I went to the Barret-Jackson auto auction in Scottsdale this weekend. I asked ten different people from different backgrounds if they had heard of Aero Mufflers. Four knew who they were, Six did not.
Of the four I asked if they would by stock if Aero were public, all four said of course. I then told them to check out the news on FCCN on Yahoo Finance to keep it objective.
Anyway we'll see. However if Aero wants to go to a higher exchange and they cannot get the pps up over $1 I'm sure there will be a reverse split.
Good luck this week everyone...if we can end the week at .05 I'll be happy.
Smelly, thanks for the update. As for the PPS, we'll be just fine. Once people learn how to read and comprehend, we'll be ok! Can't hold peoples hands all of the time. Looks like people made their decisions and they will pay the consequences, whether good or bad. GLTA
Franchise Capital Corporation Files Preliminary Proxy Material for Annual Meeting
Market Wire "US Press Releases "
TEMECULA, CA -- (MARKET WIRE) -- 01/22/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN) has filed preliminary proxy material with the Securities and Exchange Commission for an upcoming annual meeting of shareholders. The proposal to be considered by stockholders is an authorization for the Board of Directors to withdraw the company's election to be treated as a business development company (BDC) pursuant to Section 54(c) under the Investment Company Act. A definitive proxy statement, which will confirm the meeting date, is expected to be filed within 10 days and subsequently sent to shareholders of record.
Franchise Capital recently executed a definitive agreement to acquire the issued and outstanding shares of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance partner. The Board of Directors believes that to consummate the acquisition of Aero Exhaust and in the interest of the company's planned future operations, it is in the interest of Franchise Capital to withdraw its BDC election. Under former management, the company became aware that it might be out of compliance with the Investment Act of 1940, under which BDCs are regulated. These compliance issues were also taken into consideration by the Board in proposing the BDC withdrawal.
"Our intention in identifying Aero Exhaust as an acquisition and moving forward to secure a definitive agreement was that Franchise Capital would no longer be structured as an investment fund and that Aero's operations would become the company's major focus," stated Steven R. Peacock, chief executive officer of Franchise Capital Corporation. "The proposal to withdraw the BDC election is a critical element in positioning Franchise Capital to be a suitable public vehicle for Aero Exhaust, and we are asking that shareholders approve this proposal."
Included in the proxy material is a narrative description regarding the issuance of shares that are being held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on past due convertible debentures and as part of an existing stock purchase agreement. While held in escrow, these shares are voted by the company's Board of Directors.
"We look forward to setting a date for the annual meeting and gaining approval for the withdrawal of the BDC election," added Mr. Peacock.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other written material are issued, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.
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 the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2005 filed with the Securities and Exchange Commission.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Email Contact
IP: Logged |
posted
{ Included in the proxy material is a narrative description regarding the issuance of shares that are being held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on past due convertible debentures and as part of an existing stock purchase agreement. While held in escrow, these shares are voted by the company's Board of Directors.} looks like the escrow shares are still good!
IP: Logged |
posted
Useless PR, lol. I say we close under .03, should be able to pick up more/avg down in the .02's no problem.
This is definately not a pump and dump, because there is no pump!
I've decided the best thing to do here is just avg down, try to get 500K shares, and then when the merger is completed and Aero's financials are out make a killing.
IP: Logged |
quote:Originally posted by cassity: I tried to contact Andrew, but he must be on the phone with someone else. Do you guy's have any questions that he might be able to answer?
quote:Originally posted by cassity: I tried to contact Andrew, but he must be on the phone with someone else. Do you guy's have any questions that he might be able to answer?
yea....Hows the weather???
Yeah,..ask him if we can see his picture.
Had I seen PV's when I first got into SLJB,..I would have dumped that pos on the spot.
-------------------- ~You aren't wealthy until you have something money can't buy.~
IP: Logged |
quote:Originally posted by cassity: I tried to contact Andrew, but he must be on the phone with someone else. Do you guy's have any questions that he might be able to answer?
yea....Hows the weather???
Yeah,..ask him if we can see his picture.
Had I seen PV's when I first got into SLJB,..I would have dumped that pos on the spot.
LOL your don't like greasy scumbags Wit???
IP: Logged |
quote:Originally posted by cassity: I tried to contact Andrew, but he must be on the phone with someone else. Do you guy's have any questions that he might be able to answer?
yea....Hows the weather???
Yeah,..ask him if we can see his picture.
Had I seen PV's when I first got into SLJB,..I would have dumped that pos on the spot.
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
![[Razz]](tongue.gif)
![[Roll Eyes]](rolleyes.gif)
