Quote from cassity's call with Andrew: He also stated that in manufacturing a company will have loans of hundreds of millions , even if they make 100's of millions. They need the money for RIPID growth .
I'm guessing today is 'PAY THOSE LOANS DAY'.
(Do I dare use the 'D' word) Shhhhhh .
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
You guys are going to have to pay my cell phone bill this month, after making these phone calls(25 minutes)!!
I spoke with Andrew just now, asked him some questions about the shares in escrow.
-Can the shares in escrow be sold by Golden Gate? The whole point of the escrow is to be able to CONTROL the shares. He told me the terms of that agreement were set before this whole thing started. They had to make sure they were able to make this shell completely clean. The amount of the shares was determined on the amount of $$$ previous management owed Golden Gate. Golden Gate had given them money to be able to operate as a fully reporting company(audits and operating expenditures). The amount owed to Golden Gate was 225k, if I remember right.
-Can they sell them? He doesn't know the exact terms of the agreement, but assumes that because the amount of volume the stock has been trading they have sold some. IMPORTANT NOTE: They can only sell enough shares to cover the 225k or whatever the exact amount is. After that they would hold the remainder of the shares and the company can make a determine whether or not to retire those shares or not. Since the share structure (after merger)will be set up to for the best scenario for Aero, it really won't matter.
-He said that when the audits are completed on Aero, investment firms will be able to determine the best exchange for Aero to be placed and what price the company would be valued at. (DD the AMEX)
-During negotiations between Aero and FCCN, they had to make sure that all debts where paid and like I said this shell to be CLEAN. This was the best way for the company to set up Aero to come into the shell.
If you have questions, please contact Andrew Beyer/FCCN IR 951-587-8072.
I understand all of what he explained and have no doubt this is for the benefit of FCCN shareholders and this acquisition. Trying to explain it, is NOT SO EASY, so call yourself. People need to RELAX...IMO
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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posted
Good Job cassity,....you're kinda the new "stockhog & Airys, (two callers from ihub who were message relayers from PV in SLJB.)
Quote from your call: -Can they sell them? He doesn't know the exact terms of the agreement, but assumes that because the amount of volume the stock has been trading they have sold some.
"They have sold some",.....assuming they did??
I'll say,....'Ummmm YEAH'
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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quote:Originally posted by Wit: Good Job cassity,....you're kinda the new "stockhog & Airys, (two callers from ihub who were message relayers from PV in SLJB.)
Quote from your call: -Can they sell them? He doesn't know the exact terms of the agreement, but assumes that because the amount of volume the stock has been trading they have sold some.
"They have sold some",.....assuming they did??
I'll say,....'Ummmm YEAH'
So the stocks in question were NOT in escrow and unable to be sold in the market...they were in fact being sold...or so "he" thinks... Yeah...kinda makes one see red...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted September 16, 2006 08:33 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by driver4t3:
quote: -------------------------------------------------------------------------------- Originally posted by stocktrader22: Look at the updated marquee website....stock divident of .01 a year coming soon possibly --------------------------------------------------------------------------------
I know that you are probably joking driver, but if the company does choose to issue a dividend it could drive the PPS up to amazing new highs. Take a look at what happened with PAIM. Dividend+Wessal buying(125 million shares)+Financials+Dubai Exchange+Huge contracts= MULTI DOLLAR STOCK. WHEN the company follows through with every thing they're involved with, we WILL be worth DOLLARS not penny's. JMHO GLTY
[ September 16, 2006, 20:43: Message edited by: cassity ]
quote:Originally posted by Wit: Good Job cassity,....you're kinda the new "stockhog & Airys, (two callers from ihub who were message relayers from PV in SLJB.)
Quote from your call: -Can they sell them? He doesn't know the exact terms of the agreement, but assumes that because the amount of volume the stock has been trading they have sold some.
"They have sold some",.....assuming they did??
I'll say,....'Ummmm YEAH'
Wit have you called Andrew before? If not I think you'll be very impressed. He's not trying to pump or promise anything. He just try's to clear up information that has been released. When he has promised something (def. agreement completion) well we all know they followed through. This is a far cry from SLJB! Please, do not put me in the same category as the two gentlemen you mentioned above. I'm HONEST! I'm ready to sit back and let thing develop. If this drops below .02, I will definitely buy more. GLTA
posted
If in fact they can only sell $220,000 * .03 PPS that is 7.3 million shares dumped into the O/S. Any way you look at it that is not good. IMO Let me know if I am wrong.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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posted
Imake, I was definitely wrong on SLJB and it makes me mad that I wasted my time and money on that POS. I'm not worried about FCCN and I'm going to sit back and watch as the events unfold. I'm obviously wasting my time calling and updating. I'll keep in touch with my friends. GLTA
quote:Originally posted by cassity: Imake, I was definitely wrong on SLJB and it makes me mad that I wasted my time and money on that POS. I'm not worried about FCCN and I'm going to sit back and watch as the events unfold. I'm obviously wasting my time calling and updating. I'll keep in touch with my friends. GLTA
Don't forget about CSHD ... another wrong call.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
the CEO? has plenty of time to talk on the phone to pennystock "investors" (red flag#1) does not know the details of a major stock settlement after being sued? (red flag#2) shell (FCCN) needs to be cleaned up before the merger (red flag#3) no idea if the company being aquired has revenue or is profitable (red flag#4) no details about the final structure of the company post merger (f/s - r/s -O/S?) (red flag#5) O/S raised to 5 billion (red flag#6) price continues to drop on news (red flag#7). merger may not be complete for 4 to 6 months!, sub penny a real possibility. time to buy? NIMO. (originaly in at 3 out at 5 waiting to get back in ) (maybe!). GLTA!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by IMAKEMONEY: NICE WITH THAT madmoney,REDFLAGS EVERYWHERE!!!LOL
it is what it is!! does it have potential?? I suppose!.all guess work at this point, time will tell!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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