posted
Just seems there is going to be one more small run...the finantials need to be out...they come and it will have another one... they don't?...it falls... And then perhaps you are right Homer and the sell on news will come when the merger happens...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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The run up the recent PR's was expected, however, there are still too many unknowns at this point.
- Is GGI done? - If not, how much is left? - Will they delay again at the last minute? - Aero's financial state, who really knows? - R/S ?
I don't think the next week is going to go perfectly, that being said I still think they will complete this merger. They have put out too many PR's recently assuring everyone.
I don't think we'll see the 10K until AH tomorrow, which is fine. The 8K for Aero and the merger completion is what we are really looking for next week.
I'm still holding 500K shares, my first target is .09 if everything goes well. Should be an interesting few weeks, that's for sure!
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Posted by: ToddWH02 In reply to: None Date:9/27/2007 8:04:44 PM Post #of 76979
OK Guys.. just spoke with Andrew.. and I'll preface my statements with two things.. first I mis-spoke on a couple of things regarding timelines and I apologize for that.. as Andrew put it, things are very "fluid", therefore what he told me a few weeks ago may or may not apply now.. that is why they want us to pay attention to the press releases.. second, I have spoken with Andrew a number of times over the past nine months and at no time have I felt that he was anywhere close to as excited as he was today about this transaction and the goings on at AERO.. I highly suggest that anybody who has questions give him a call..
Anyway, here goes..
1) The 10K will be out sometime tomorrow.. while they were shooting for pre-open it really depends on when the Auditor review is complete and the sign off is given for them to file. Nothing that he is aware of will prevent that from happening tomorrow, but there is no guarantee it will be first thing tomorrow.. so don't freak out if it's a bit late.
2) The filing will be followed up by a PR which should announce the filing and emphasize and perhaps clarify some of it's disclosures.. for example, the status of the debenture will be included in the 10K up to a very recent date.. Andrew though it would be "days" not "weeks".. and it may very well show the debenture balance not fully redeemed.. he did not know the status.. but the PR should then emphasize that per the agreement, the debenture will not survive the close of the acquisition.. i.e. any remaining balance will be cancelled.. in addition to the remaining escrowed shares.
3) The close of the merger is currently planned for sometime next week.. I thought it would be Monday but Andrew said that it could be anytime next week.. they haven't definitively stated the day because AERO and FCCN management have to get together for the physical exchange of shares and they may not be able to arrange it for Monday.. Again the whole thing should be fairly seamless for us.. i.e. no cert exch, trading restrictions.
4) If the acquisition does not take place on Monday or Tuesday, he anticipated releasing a PR to allay the fears of some and let everybody know that everything is still on schedule.
5) 4 days after the exchange, the 8k will be filed.. Andrew actually thought they may lean towards having it straddle a weekend to allow the lawyers more time to review the filing.. and there is going to be alot of disclosures in it..such as the share exchange specifics, AERO audited fins.. details on AERO's new board.. etc. He seemed pretty excited about it. I asked him about the % that we will get of AERO and he said he knew it but wouldn't tell me..lol.. I could almost see him smiling when I told him my prediction.. which is 18%. His only comment was that Mr. Peacock believes he has delivered an excellent value for shareholders and that they will be very pleased.
6) He thought that AERO would want to affectuate a symbol change ASAP.. although he did mention that the other option is to call an annual meeting and schedule it around that timeline.. still he was leaning towards a quick changeover to the new symbol.. Again though, it should be completely seamless for us.
7) Andrew fully anticipates that AERO will want to begin telling their story immediately.. And he seemed really excited about what AERO has going on... Honestly, I have spoken with Andrew many, many times and I have never heard so much excitement and optimism in his voice.. He said there are definitely exciting things going on at AERO and he can't wait to get on the other side of this transaction so that they can come out!!
Anyway, hopefully that clarifies some things.. sorry for being so long-winded.. but I wanted to get it all out.. I have to say after this conversation I am even more pumped about that potential here.. call me a pumper, I DON'T CARE!!!
posted
LOL..Looks as if someone is keeping the air in this and as long as the fins are out TODAY...it shouldn't start to fall again until the middle to end of next week! GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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I'm selling out another 250k shares at this point, something is not right. They should have been on the ball with that filing and put it out this morning.
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posted
The natives are getting restless over at Investorsbub!
If that 10K doesn't come out I fear they will lead a lynching mob tonight over to FCCN HQ, lol.
Andrew is a pretty bad IR guy, I would never tell people calling like the guy yesterday and make these claims about something coming out... Just causes more mayhem than actually helps.
I'll be back here at 5:30pm PST, if I don't see a 10K I'll be selling my final 250K shares first thing Monday am!
quote:Originally posted by Uncle Smelly: The natives are getting restless over at Investorsbub!
If that 10K doesn't come out I fear they will lead a lynching mob tonight over to FCCN HQ, lol.
Andrew is a pretty bad IR guy, I would never tell people calling like the guy yesterday and make these claims about something coming out... Just causes more mayhem than actually helps.
I'll be back here at 5:30pm PST, if I don't see a 10K I'll be selling my final 250K shares first thing Monday am!
GLTA!
Isnt it kinda strange to "spread the word" that you are dumping 500k shares? Its really none of my business, and im not trying to tell you what to think say or do, but some people reading this thread could potentially panic sell when they read stuff like this. Just a thought.
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Another Pink Sheet stock whose IR guy makes promises all week long...and then fails to deliver.
Not even a band aid PR from FCCN. Really, I'm not surprised. They all made their money, GGI has probably made a few mil, Aero got 1.9 mil, I'm sure Peacock and FCCN got a nice cut...
What a shame...even I almost believed that 'maybe' this one would be different. Thank God I sold 750,000 shares of this and only have 250,000 left which I will dump first thing Monday.
The only saving grace is if they actually have something out pre-market Monday. Otherwise it's pretty obvious what this has been all along in my opinion.
Again, this is the only Pink or OTCBB I own, simply because they 'seem' to be on the ball. But that has now changed and it looks to me like every other POS on these exchanges - either total incompetence or total BS.
I feel it's time to shut down the Pink Sheets and the OTCBB for good. Give everyone a month to sell out their positions, and end this sham.
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posted
Oh sh!t, here comes the gap down! Filings must not be out, sad.
Oct 1, 2007 9:17:00 AM
MURRIETA, CA -- (MARKET WIRE) -- 10/01/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN) chief executive officer, Steven R. Peacock, has issued a statement regarding the status of the company's annual report for fiscal year 2007, which covers the fiscal year ended June 30, 2007.
"As stated in a previously issued press release, Franchise Capital management expected that the 10-KSB would be completed and filed by Friday, September 28," stated Mr. Peacock. "Although this was our expectation at the time of that previous announcement, the annual report was not filed within the anticipated timeframe. We would like to assure shareholders that despite the fact that the report is not yet filed, there are no issues out of the ordinary that are delaying this report, and we do expect to have it filed as soon as possible. Annual reports, even for a 'shell' company, are comprehensive documents that require audited financials and detailed review by the company's independent auditing firm. In addition, this is the first annual report undertaken by the company's new auditors. We have every confidence that all of parties involved in the completion and filing of the annual report are working as quickly as possible while maintaining all of the proper procedures related to public company financial reporting," Mr. Peacock said.
"Furthermore, because the annual report is not a step in the process of closing our acquisition of Aero Exhaust, we do not expect the delay in the filing to in any way affect the closing timeline. The acquisition is still expected to close this week as previously announced. We understand that there is significant interest in our pending acquisition of Aero, and we remain committed to completing all of the necessary steps to bring the acquisition to completion," added Mr. Peacock.
Aero Exhaust (www.aeroexhaust.com) is a leader in performance exhaust airflow technology and NASCAR Performance Partner. Franchise Capital has been positioned to serve as the public vehicle for Aero Exhaust and has provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest are convertible into Aero Exhaust common stock at the time the share exchange closes.
To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, 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 website, 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 2006 filed with the Securities and Exchange Commission.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
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posted
You are a very confusing individual...in June you were spouting scam..scam...and this POS...and the past few days you claim to have 20k or so in it? What's up with that US?
Past post:
Uncle Smelly Member
Member Rated: posted June 08, 2007 12:22 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by Lockman: US Don't hold back. lol --------------------------------------------------------------------------------
It just yanks my chain to see yet ANOTHER pink sheet stock dilluting the crap out of itself.
And people pumping it like get rich quick scheme...it's lunacy. Aero is a totally unproven entity.
Personally, and this may be a bit extreme, I think the entire Pink Sheet market should be shut down. Anyone who has a position would just be liquidated and that would be that.
The Pink Sheets are a breeding ground for scams, lies, and garbage. It's time to shut it down.
Anyway that's my opinion, sure there are a few diamonds in the rough.... I don't think this FCCN/Aero merge is one of them.
I hope though for the Longs sake that I am completely wrong, I would rather this run to $1 and look like a fool here than have what in my opinion will happen:
Continued dillution, Massive R/S and a paltry pps.
quote:Originally posted by Uncle Smelly: Well well well...
Another Pink Sheet stock whose IR guy makes promises all week long...and then fails to deliver.
Not even a band aid PR from FCCN. Really, I'm not surprised. They all made their money, GGI has probably made a few mil, Aero got 1.9 mil, I'm sure Peacock and FCCN got a nice cut...
What a shame...even I almost believed that 'maybe' this one would be different. Thank God I sold 750,000 shares of this and only have 250,000 left which I will dump first thing Monday.
The only saving grace is if they actually have something out pre-market Monday. Otherwise it's pretty obvious what this has been all along in my opinion.
Again, this is the only Pink or OTCBB I own, simply because they 'seem' to be on the ball. But that has now changed and it looks to me like every other POS on these exchanges - either total incompetence or total BS.
I feel it's time to shut down the Pink Sheets and the OTCBB for good. Give everyone a month to sell out their positions, and end this sham.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
So this stock drops because there is yet another 'delay' but yet it still manages to bounce back to where it opened at. Man, this market is so weird.
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What shares are being retired, they said after the remaining debenture is paid, $23,000 or so, the rest of the shares ourstanding will be retired. It looks like it went from 440m to 434m O/S.
posted
FCCN (.0211) Franchise Capital Corporation Files Annual Report for the 2007 Fiscal Year
Monday, October 01 2007 5:46 PM, EST Market Wire "US Press Releases " MURRIETA, CA -- (MARKET WIRE) -- 10/01/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today filed its annual report for fiscal year 2007, which ended on June 30, 2007 . The 10-KSB filing maintains Franchise Capital's fully reporting status as it prepares to close its acquisition of Aero Exhaust, Inc. The annual report can be viewed through a link on the home page of the company's website, www.franchisecapitalcorp.net. Aero Exhaust (www.aeroexhaust.com) is a leader in performance exhaust airflow technology and NASCAR Performance Partner. Franchise Capital has been positioned to serve as the public vehicle for Aero Exhaust and has provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest are convertible into Aero Exhaust common stock at the time the share exchange closes. Included in the annual report is the status of the escrow account set up as part of the settlement of a Franchise Capital debt obligation that dated back to June 25, 2004 . The settlement included the pay down of a convertible debenture through the issuance of restricted common stock. The balance remaining on the debenture as of the September 25, 2007 record date of the annual report was $35,694 and 443,531,005 shares of common stock remained in escrow as of that date. As of October 1, 2007 , the balance remaining on the debenture is $27,539 and 430,871,055 shares of common stock remained in escrow. Once the entire debenture has been redeemed, any shares remaining in the escrow will be returned to the company's treasury and cancelled. "We are pleased to have the annual report completed and filed in advance of the close of our acquisition of Aero Exhaust," stated chief executive officer Steven R. Peacock. "As previously announced, we expect to close the acquisition this week and to file the required Form 8-K detailing the transaction four business days after the close. The 8-K will be a comprehensive document that requires legal review, so we anticipate making use of the entire four-day period to complete and file the required documents. "Under terms of the close of Franchise Capital's acquisition of Aero Exhaust, any remaining amount on the convertible debenture to Golden Gate Investors will be settled before the acquisition is consummated, and the escrow account will be closed. The details of the final settlement of the amount remaining on the convertible debenture will be included in the Form 8-K filed subsequent to the close of the acquisition," Mr. Peacock said. "We very much look forward to the events of the next several weeks, and we believe that through the final terms of the acquisition of Aero Exhaust, we will deliver long-term value to Franchise Capital shareholders," Mr. Peacock added. To sign up to receive information by email directly from Franchise Capital Corporation , including notices when the company issues future investor newsletters, 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 website, 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 2006 filed with the Securities and Exchange Commission . CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
-------------------- A Few Facts Are Better Than None At All
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posted
well this is the most important line in the P.R
Its funny how everything is always a day late in pennyland...LOL
I am still holding quite a few freebies here...
Let her go!!!!
"Under terms of the close of Franchise Capital's acquisition of Aero Exhaust, any remaining amount on the convertible debenture to Golden Gate Investors will be settled before the acquisition is consummated, and the escrow account will be closed. The details of the final settlement of the amount remaining on the convertible debenture will be included in the Form 8-K filed subsequent to the close of the acquisition,"
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The details of the final settlement of the amount remaining on the convertible debenture will be included in the Form 8-K filed subsequent to the close of the acquisition,"
let's hope it turns out fantastic...GL!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by 10of13: This is the "part" I don't like...
The details of the final settlement of the amount remaining on the convertible debenture will be included in the Form 8-K filed subsequent to the close of the acquisition,"
let's hope it turns out fantastic...GL!
At this point I think its worth the gamble 10.
I do think this merger will happen yet I am sure there will be plenty of bumps in the road.
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retire all the shares remaining, and let's hear what is left.
They got this filing out, which was only a day late right? Not rediculous at all if you ask me. I'm glad the huge dump came when it did, make some room for it to go up now... I think they got played.
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posted
Agreed Surf...The merger seems like it will happen...and there should still be quite a bit of "play" left...and FCCN could be on the rise for quite some time after the merger...many things possible...GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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