posted
Not trying to pump, just wanted everyone to see it....Bob, feel free to close this thread in a little bit, or if someone can tell me how to link to a previous thread (so we don't lose the DD), we can do that.
Good Luck Everyone!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
With about a 305 million float, I think we will see the .02s tomorrow, but that is all IMHO. There is a fairly decent short position that should do a little covering hopefully...
Thanks for the heads up Dollar!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Sherri? where to you come up with the float amount? From the financials it states... Outstanding at May 21, 2007
Common Stock, $0.0001 par value 921,824,778 shares
quote:Originally posted by SherriT: With about a 305 million float, I think we will see the .02s tomorrow, but that is all IMHO. There is a fairly decent short position that should do a little covering hopefully...
Thanks for the heads up Dollar!
-------------------- #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 Uncle Smelly: I'm called a bright red close tomorrow.
Watch and see.
From the looks of things, it may could just go either way.. but i feel a positive note b/c the pps has been climbing the past month or so, and the results of the 10's are as expected, it's nothing shocking.. it's just the fact that they file at all gives me the good vibes since they are preparing for the reverse merger and showing that they are clean. So it wouldn't make sense to me for the pps to drop now.. unless the MM's wanted it that way, then even god can't help that .. lol
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
There are plenty of explanations for the dilution, etc., and yes, GGI still has a few more shares, but if you look at the overall picture, amounts owed, etc. We are in really good shape - and Aero has one heck of a tax write off coming
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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close Email this News Article Your Name Your Email Friend's Name Friend's Email Receive Copy: yes
FCCN 0.018 0.002
Today 5d 1m 3m 1y 5y 10y
Franchise Capital Corporation Files 2006 Annual Report and Three Additional Quarterly Reports and Becomes Current on Financial Filings Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that the company has filed its annual report for fiscal year 2006 and three subsequent quarterly reports, which brings Franchise Capital current on its financial filings in preparation for the company's anticipated acquisition of Aero Exhaust, Inc.
The 2006 annual report covers the fiscal year ended June 30, 2006. The three subsequent quarterly filings cover the periods ended September 30, 2006, December 31, 2006 and March 31, 2007.
Completing the filings that had become delinquent under former management was a critical aspect of the clean-up of Franchise Capital to position it as the appropriate public vehicle for the acquisition of Aero Exhaust, Inc., a leader in performance exhaust airflow technology and NASCAR Performance Partner. In mid-March, Franchise Capital filed two previous delinquent filings, the quarterly reports for the periods ended December 31, 2005 and March 31, 2006.
Now fully reporting and completely up to date on all of its financial reporting, the next periodic filing due from Franchise Capital Corporation will be the annual report for the fiscal year 2007, which is due by September 30, 2007.
"The completion of all of the past due filings and bringing Franchise Capital current on its financial reporting is the last major milestone to be reached by the company to prepare it for the close of the acquisition of Aero Exhaust, Inc.," stated Steven R. Peacock, chief executive officer of Franchise Capital Corporation. "Since being appointed to manage the compliance efforts and position Franchise Capital to acquire an operating company that will bring value to the Franchise Capital and its shareholders, we have been focused on reaching the point that the company would achieve fully reporting status. With these last four filings, we are pleased to have now reached that stage."
"We will continue to work closely with the management of Aero Exhaust to facilitate the best possible transaction for both Aero Exhaust and Franchise Capital shareholders. We see this relationship as a true win-win opportunity, and we look forward to seeing the full potential of Aero realized in the public markets," Mr. Peacock added.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other new material is issued by the company, 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
posted
currently the company has no operations or income but we all knew that, they sold off everything for this deal. I would still like to know what the share exchange ratio with aero will be and what aeros earnings (gross and net) are. how many shares out does aero have? how many classes of stock? and thier conversion values. where are AEROS financials???
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by madmoney: currently the company has no operations or income but we all knew that, they sold off everything for this deal. I would still like to know what the share exchange ratio with aero will be and what aeros earnings (gross and net) are. how many shares out does aero have? how many classes of stock? and thier conversion values. where are AEROS financials???
We won't know any of Aero's numbers until the deal is done, but how many companies that you know would shell out 10 million to sponsor a NASCAR if their business wasn't doing well. Not many.
Scroll up on this page...I pasted a link to the SEC page for FCCN. Look at the top four filings from yesterday.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Bottom line is they are dilluting right back at you. This will never break .03, much the less the insane predictions on IBub of $1+
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by madmoney: currently the company has no operations or income but we all knew that, they sold off everything for this deal. I would still like to know what the share exchange ratio with aero will be and what aeros earnings (gross and net) are. how many shares out does aero have? how many classes of stock? and thier conversion values. where are AEROS financials???
We won't know any of Aero's numbers until the deal is done, but how many companies that you know would shell out 10 million to sponsor a NASCAR if their business wasn't doing well. Not many.
Scroll up on this page...I pasted a link to the SEC page for FCCN. Look at the top four filings from yesterday.
thats a valid point however it is still very possible AERO is operating at a loss exchanging debt for equity to finance operation, without full disclosure (financials from AERO) this is still a crap shoot! the current stock price and movement seem to support this. JMO!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
I think the current PPS and movement are due more to the dilution continuing and people realizing this is a pink coupled with all of the "negative" things that we do see on the FCCN side. Right now, that is all you can invest in...that and the promise or indications that Aero is coming. I personally believe that they have to be worth more than .02....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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They don't appear to me to be as rosy a company as people are making them out to be. I mean, lol, they sell mufflers; not exactly a 'hot' in demand item like an Ipod...
This is going to be another Pink Sheet poop story just like CSHD, RSHN, SLJB, etc etc...
Sorry, but you have GGI continuously dumping shares, no proof that Aero has even a nickel in the bank, R/S looming, 5 BILLION A/S....
This is not worth more than .02 even with the merger announcement. Anything between .01 - .015 is fair value - at .017 it's overpriced!
Posts: 630 | Registered: Jun 2006
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