quote:Originally posted by madmoney: 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!!
Rule #1-Make sure you know what your talking about before making a statement!
Rule #2-Try to keep up on the info. flowing out of the company!
Rule #3- I haven't been talking to the CEO, but the investor relations for FCCN. Andrew Beyer.
Rule #4- Andrew is not privy to ALL information. Mr. Peacock is the one running the show. (he is the guy who's name is on all the PR's) you might want to read them.
Rule #5- Don't believe anything you see on message boards, call them your damn self!
quote:Originally posted by madmoney: 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!!
Rule #1-Make sure you know what your talking about before making a statement!
Rule #2-Try to keep up on the info. flowing out of the company!
Rule #3- I haven't been talking to the CEO, but the investor relations for FCCN. Andrew Beyer.
Rule #4- Andrew is not privy to ALL information. Mr. Peacock is the one running the show. (he is the guy who's name is on all the PR's) you might want to read them.
Rule #5- Don't believe anything you see on message boards, call them your damn self!
I put a question mark by "CEO", I read the same BS pr`s as everyone else, I NEVER believe ANYTHING i read on these boards! I do my own DD and varify everthing i can. I have read hundreds of PR`s that ended up going nowhere! this deal is FAR from done. looking to get back in under a penny! (maybe!)( depends on why it got there) without more substantive news it WILL get there, IMO!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by madmoney: 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!!
Rule #1-Make sure you know what your talking about before making a statement!
Rule #2-Try to keep up on the info. flowing out of the company!
Rule #3- I haven't been talking to the CEO, but the investor relations for FCCN. Andrew Beyer.
Rule #4- Andrew is not privy to ALL information. Mr. Peacock is the one running the show. (he is the guy who's name is on all the PR's) you might want to read them.
Rule #5- Don't believe anything you see on message boards, call them your damn self!
And don't mess with Cassity or I will be after you!!!!
Proposal to Authorize BDC Withdrawal Will be Considered by Stockholders
TEMECULA, CA--(MARKET WIRE)--Jan. 22, 2007--Franchise Capital Corporation (Other OTC: 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 investors*franchisecapitalcorp.net
Posts: 6410 | Registered: Jul 2006
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quote:Originally posted by madmoney: 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!!
Rule #1-Make sure you know what your talking about before making a statement!
Rule #2-Try to keep up on the info. flowing out of the company!
Rule #3- I haven't been talking to the CEO, but the investor relations for FCCN. Andrew Beyer.
Rule #4- Andrew is not privy to ALL information. Mr. Peacock is the one running the show. (he is the guy who's name is on all the PR's) you might want to read them.
Rule #5- Don't believe anything you see on message boards, call them your damn self!
And don't mess with Cassity or I will be after you!!!!
-
I never mess with anybody, just posting my opinions ( you know what they say about those! LOL! ) and as an aside, I NEVER, EVER take anything investor relations tells me seriously! they are there to help promote the company, thats their job!.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Member Rated: posted January 22, 2007 12:12 PM -------------------------------------------------------------------------------- Monday, January 22 2007 12:09 PM, EST
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 -------------------------------------------------------------------------------- Posts: 837 | From: World | Registered: Jul 2006 | IP: Logged |
madmoney Member
Member Rated: posted January 22, 2007 12:17 PM -------------------------------------------------------------------------------- { 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! -------------------------------------------------------------------------------- Posts: 1896 | From: connecticut | Registered: Mar 2005 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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quote:Originally posted by 10of13: Wow...Cassity has posted what he was told on the phone...if anyone bought because of that...no one to blame but yourself...
PLAY the stock! and read my tag line...
10, nothing in my post was bad...IMO. If it sounds bad, it's probably my explaination, that is why I say call. I always ask people to verify, because the whole point of calling is to clarify, not confuse. This is why I'll let the company take care of business and I'll keep the phone conversations to myself. GLTY
posted
I, for one, appreciate your posting your interpretation of the phone calls, and I hope you will continue to do so. Ignore those that don't, FWIW....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by 10of13: Wow...Cassity has posted what he was told on the phone...if anyone bought because of that...no one to blame but yourself...
PLAY the stock! and read my tag line...
10, nothing in my post was bad...IMO. If it sounds bad, it's probably my explaination, that is why I say call. I always ask people to verify, because the whole point of calling is to clarify, not confuse. This is why I'll let the company take care of business and I'll keep the phone conversations to myself. GLTY
You are right Cass... You didn't post anything bad...you posted what you were told...and most everyone asked you... I just don't want people coming back and saying Cassity said....blah blah blah...and try to blame you... everyone should make the decision to buy or sell based on their own DD...and if they go by ONLY what other posters say....that is their fault...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
I would say it's game over here until the company puts out something that eases the confusion. I'm stuck with shares I bought at .036, which I guess isn't too bad as some are stuck in the 5's and 6's.
I feel the company is to blame for the pps decline. The information they provided was not explained well and confused pretty much everyone in this stock. Not putting out any kind of revenue guidance in the 8K or PR last week was a mistake.
I'm debating whether or not to take my loss and buy back in lower or just hold in case some better official explantion comes out.
Another thing to think about, FCCN/AERO might not care what the pps is right now. They both have a pretty good idea of what it will be after merge and financials are out on Aero. If they know they are going to be worth 3 - $4 a share would they care about a .04 price swing? Probably not.
Get the shell cleaned out, get the financials done and then merge and determine the pps.
Anyone remember SPEA? That one went from .10 to $8 in a day! Then went on to over $24.
Do you think the people behind that one who knew what was going to happen cared about the penny ticks up and down when they were putting that together?
Anyway, I don't think the company is going to clarify this anymore. You've all been given info, buy shares, sit back, see what happens - or move on to another play.
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by Uncle Smelly: I would say it's game over here until the company puts out something that eases the confusion. I'm stuck with shares I bought at .036, which I guess isn't too bad as some are stuck in the 5's and 6's.
I feel the company is to blame for the pps decline. The information they provided was not explained well and confused pretty much everyone in this stock. Not putting out any kind of revenue guidance in the 8K or PR last week was a mistake.
I'm debating whether or not to take my loss and buy back in lower or just hold in case some better official explantion comes out.
Another thing to think about, FCCN/AERO might not care what the pps is right now. They both have a pretty good idea of what it will be after merge and financials are out on Aero. If they know they are going to be worth 3 - $4 a share would they care about a .04 price swing? Probably not.
Get the shell cleaned out, get the financials done and then merge and determine the pps.
Anyone remember SPEA? That one went from .10 to $8 in a day! Then went on to over $24.
Do you think the people behind that one who knew what was going to happen cared about the penny ticks up and down when they were putting that together?
Anyway, I don't think the company is going to clarify this anymore. You've all been given info, buy shares, sit back, see what happens - or move on to another play.
Did that really go from .10 to 8.00 in a day?
Posts: 135 | Registered: Nov 2006
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posted
It won't...I have been posting this for over a week now...someone is dumping shares and LOTS of them...now where do you really think that these shares are coming from? My educated guess...the company!
quote:Originally posted by Wit: let's hope it stays at that with no increase.
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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quote:Originally posted by IMAKEMONEY: HELL ITS BEEN A GREAT FLIPPER FOR ME SO FAR!
If Etrade would let me trade this online i would have made a bundle so far. I refuse to call in orders anymore and i was pretty harsh to the last guy that i spoke with when i made my last "phoned in" purchase.
Thank you Etrade!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
The way that I am looking at it is that if they doing this "dilution"...IF they are...it would be better to do it now...in the lower PPS (At least better for the shareholders not the Company) than to do it AFTER the PPS really starts to climb... IMO it seems as long as the company is upfront and getting everything filed and out in the open...keeping the trust of shareholders...then when the actual merger is complete...and the dilution is done...all can move forward...and climb with some good gains...IMO and FWIW
BTW MR CAT? you need to get an additional broker if you are going to attempt to keep trading the pennies...it's always a good idea to have 2...IMO
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: BTW MR CAT? you need to get an additional broker if you are going to attempt to keep trading the pennies...it's always a good idea to have 2...IMO
Great, one is a total pain in the arse so two MUST be better. I think it would only result in me making more rude phone calls to more brokers more often. I mean, i guess its like having 2 girlfriends. I totally see the advantages but would they really outweigh the "other things"?
Disclaimer : "other things" basically pertains to any of the potentially devastating things that can happen at any given moment for any given reason.
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FWIW, i follow what you are sayin 10...its just kinda late and im tired and goofy Posts: 2308 | From: Michigan | Registered: Jun 2006
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