Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
well ASHEN GREY suggests death....
I think they need to figure out who the REAL CEO is first....Is a company a company without a CEO???
Rufus did mention some new and improved irrefrutable US based assets he would bring to the table - if he is brought back as CEO...That might help - oops sorry, didn't mean to sound like that was a PUMP!
Is an occasional vegetarian dish considered political???
I am a Trader Joe's fan - quicky tasty stirfry meals you can throw together quickly when you got trapped on the messageboard all day and you husband walks in the door....and you pretend you just prepared and cut all those vegetables...
OMG OMG OMG!!!!
I could have been learning how to cook all this time!!! I just found this board when I was stalking Janice! LOL!
Actually I do cook alot - maybe I have something to MASH instead of bash....
probably a new twist on the RESET!
Whatever happened to OurStreet?
LOL!!! rufus' MOM just called in (on the replay) and told him it was his bedtime! Man this drama was priceless!
I love the way Rufus keeps saying - if you don't like it - get an attorney - like that does anyone any good when he doesn't have one!!!
I'm listening to that Rufus replay - just caught the end of it - or I think it might be end. What an arrogant guy - he says "I can't wait to sit back and tell my grandchildren about all this".
nope - other than not knowing what the financials look like or the amount of their Capital stock that is going to be exchanged for FCCN stock. Maybe the fact that they drew down over 1/2 of that revolving loan from FCCN raised one.
SubPenny is replaying that latest Rufus interview.
I'm not bashing - that's why you can't understand what I am doing. Wanna bet SOMEONE here is already on the phone tattling there are bashers stirring things up??? You will get answers more quickly from the company if you hold their feet over the fire.
BTW why does it SEEM you are bursting at the SEAMS over a few posts. If you don't find the helpful - hey no problem. But I know from pm's they are helping some.
If intentions mean they will do it without question - than you got me. Ever hear of a CEO promise the financials were coming??? I can think of a few.
BTW, I believe I posted the financials would be coming in yesterday's post. The 8k that I posted . that was what I was addressing.
I'll mark that post and pull it out with the next PR and see how you did...
Well, I think you might want to see if they file the 14A the way most ordinarily file them - with financials. You might be surprised what some people have filed with the SEC.
Delinquency of Financial Statements
The Company has not filed its periodic financial reports since September 30, 2005. During this time, there have been substantial and material changes to the Company’s operations and financial condition. Most notably, during the year ended December 31, 2006, the Company disposed of substantially all of its assets in satisfaction of debt obligations. As of December 31, 2006, the Company should be considered a shell corporation with approximately $140,000 in accounts payable and accrued expenses. If the Company’s current financial statements were available, there may be information contained therein that could have a material effect on the shareholders decision whether or not to approval the withdrawal of election. Ordinarily, such financial statements should be read in tandem with this Form 14-A. The Company is presently having its financial statements audited or reviewed for all applicable periods and intends to file the appropriate period reports for all delinquent periods on or before February 28, 2007.
Let's see them try to sweep these GGI shares under the rug...LOL!
Past Violations not Cured by Withdrawing Election.
Approval of the withdrawing of the election to be treated as a BDC does not cure any past violations of the 1940 Act that may have occurred. If there were any violations of the securities laws, remedies for shareholders can include a rescission of a shareholder’s investment, fines and penalties, and removal of officers and directors from office. Some remedies, such as rescission, may not be effective if offered, since many shareholders who originally purchased stock from the Company may have resold their interest and no longer be shareholders of the Company. Withdrawal of the Company’s BDC election does not diminish the Company’s potential liability to shareholders nor does it preclude the SEC from bringing an enforcement action against the Company, its officers or directors, or from seeking sanctions.
2)
Shares issued to Golden Gate Investors are held in an escrow account. While the shares are in escrow, the shares are voted by the Franchise Capital Corporation Board of Directors. Since Golden Gate Investors has neither the right to vote the shares nor the right to dispose of them, Golden Gate Investors does not meet the definition of beneficial ownership of the escrow shares. Were Golden Gate Investors to be considered the beneficial owner, Golden Gate Investors would control 843,818,400 shares, which is approximately 92% of the Company’s issued and outstanding common stock.
You must be a female - you talk more than I do!!!
#1 - I don't know enough about Steven Peacock to come to that sort of conclusion. Never met him, never will.
#2 - Someone at HSM who set up their FCCN thread made reference to the fact that Steven worked as a consultant for the past couple of years with Aero - so obviously Aero would know Steven. I am checking this out myself - looking into past employment histories of Steven. I have no idea where this guy Beano gets his info from - probably in his chats with Steven/Robert/Andrew
(Dec 13th, 2006, 03:04 PM #9
beano23
HSM Enthusiast
Join Date: May 2006
Posts: 931
Here you go fellas enjoy!!!!
FCCN and AERO EXHAUST R/M UPCOMING
Share Structure: 71 Million O/S, 53 Million Float
Spoke with Robert the COO at Aero, returned my
call in thirty minutes which was impressive to say the
least. Here's the scoop, Stephen (FCCN CEO) has been
a consultant with Aero for around two years now and
presented the opportunity to go public around three
months ago, this has been in the works for quite
sometime and Stephen finally acquired the shell (FCCN)
recently. Robert stated that the reverse merger is a
done deal just paperwork being finished up, couldn't
give a time frame but he anticipates all being
completed in the next couple of weeks. They are
finalizing all financials prior to the announcement
and plan on uplisting to the OTCBB upon merging. Aero
currently operates out of a 100,000 sq. foot warehouse
in south california and distributes to 30,000
different shops and numerous master warehouse distributors.
He didn't elaborate on financials but stated that they
are in a great position financially and are looking to
gain even greater exposure of their product by going public. Also they are adding another warehousing facility and launching
a retail brand per se in '07. Being private no financials are available but each shop does well over a thousand in sales so being conservative revenues are 30 mill at a minimum.
Aero website: http://www.aeroexhaust.com)
#3 - If I saw the financials and share structure of AERO, I might have a comment. Looks like it might be a little while until those numbers are produced.
One thing that I find helpful is by getting a "read" on the posters that appear to PUMP the stock and where they get their information from - then I compare it to the events that take place. As I said I am a skeptic and never forget that information like this should be looked at with a jaundiced eye. Here are some examples to consider - I thought one of these two might be Phil who pumped the heck and banned that so infamous stock. I smell paid stock promoters - but that's just me.
Originally Posted by cassity
-They will be announcing all business for Aero, now that the definitive agreement is complete. He expects a very active PR campaign.
-Javelin is doing FCCN's audits
-Private firm is doing Aero's audits
-Developing a new website now that definitive agreement is complete.
-Should be an update on Aero's distribution
-Should be update on 1.5 million given to Aero (within days). (explanation if it was a private placement) He said, it like giving money to yourself. He also stated that in manufacturing(which I'm getting my degree in) a company will have loans of hundreds of millions, even if they make 100's of millions.(I was already aware of this) They need the money for RIPID growth.
-There are many filings that FCCN needs to get cleaned up. FCCN was a lazy piece of chit company.
-Aero value will decide where we are listed after merger. People wanted unaudited fins on Aero, he said that this would be very dangerous. If they were off on the unaudited fins, the board could be sued and it could do more damage than good.
-Stated that being a pinksheet company and being involved with NASCAR, would not be a good idea. Aero will NOT be a pink.
-I spoke to him about a previous merger he was involved with(Nicholas and some Chinese company) He stated this acquisition will better. The Chinese company came in with their own management and completely dropped the ball. They didn't put out any PR's and wanted to do everything themselves. There was more to this, but that's the highlights.
There was also more to the conversation, but you would just have to be there. The main thing I received from the call is that there is much more news to come. Some will come in the short term and some will take awhile. Point is that they are completing the deal and they are doing it RIGHT. So go listen to some dumb-ass basher or relax, as for me, I think I'll take a break from all the B/S. It's going to happen and it's going to be BIG. GLTA
Yesterday, 04:12 PM #4937
rohlinmt
HSM Newbie
Join Date: Dec 2006
Posts: 60
Well that was pretty painless.
I feel for the man, he said he's taken a lot of phone calls about FCCN today.
The phrase that he kept using on me was that there will be "a steady stream of information that will slowly be coming out", both from FCCN and AERO, in a number of small releases, some of them on the "purely operational level" in the coming weeks and months.
The primary goal is to get values of FCCN and AERO straight, which is a process that is going to take time, because they want to get it done right instead of fast. When I probed him a little more about the stock being down today, he said he feels that people are selling because the pace of the information they're receiving isn't as fast as they'd like... and while FCCN/AERO could release statements and PRs with little to no content (like unaudited financials) to appease those investors, they're concentrating their efforts on releasing meaningful information as it comes out, even though that might be slower than some would care to receive it.
He mentioned that a private firm is taking care of the audits for AERO, and that the next relevant update will be about AERO's distribution and status. He gave no timetable, because again, they want to get the numbers right before releasing statements. AERO value determines FCCN value, and they want to make sure the audit gets done so that everything is accurate.
Basically, the emphasis is on getting things done diligently and correctly, without concern for the short term implications and the panic selling. He expressed confidence in the stocks and the merger, and believes that today is just a blip on the radar when compared to the long term situation.
Hope that helped. I hope I remembered it all. It really did put me at ease.
If you don't believe me, call 951-587-8072. Ask to speak with Andrew of investor relations. If you just ramble off your concerns to the lady who answers the phone, she'll just give you a "uhhh... ok. Let me transfer you to Andrew."
It was my first time calling IR at any company. They were very gentle.
__________________
Here's a direct response to your post - snicker!
You forgot to add IMO to your post:
<< And besides I have been able to respond to her worthless chatter with rational and insightfull responses that make sense.>>
All I can go by is what is filed with the SEC. Also, what is the total capital stock of Aero??? how many shares does AERO have that will be exchanged on closing of the merger? There is no way to determine this. The fact that some poster says someone said there would be no dilution or that Golden Gates shares are a non issue is an unacceptable piece of DD.
http://www.sec.gov/Archives/edgar/data/1160598/000126246307000012/fccn14a.htm
Common Stock
As of the Record Date, there were 5 billion shares of Common Stock authorized with a stated value of $.0001 per share, of which approximately 920,558,174 are issued and outstanding, with 4,079,441,826 shares authorized but not issued. Of the 920,558,174 shares issued and outstanding 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on convertible debentures and as part of a stock purchase agreement.
_____________
http://www.sec.gov/Archives/edgar/data/1160598/000126246307000011/fccn8kitem101.htm
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 12, 2007, Franchise Capital Corporation (the “Company”) executed a definitive agreement with TTR HP, Inc. d.b.a. Aero Exhaust, Inc. (“Aero”) which calls for a share exchange of common stock between the Company and Aero. Under the terms of the definitive agreement, the Company can exchange up to 95% of its total capital stock for up to 100% of the total capital stock of Aero. The specific share amounts will be determined at closing, which is anticipated to take place once the Company is current with its financial statement filings and Aero has completed an audit of its historical financial statements, presently anticipated for the second quarter of 2007.
Hey Leslie/Shawn!!! I thought I was officially on your IGGY list! Is that iggy button stock specific???
BTW, I am not the one who started the CSHD talk! I was responding to remarks about it.
any cowbells ringing for FCCN???
easy there Jazz! I haven't spotted anything here! I'm just looking.
I already addressed that issue on DD - I would never invest in a company based on messageboard postings without verifyig the information myself. I try to keep an open mind and weigh ALL the possibilities discussed. The company has a conflict of interest as I mentioned yesterday. I prefer reading the SEC filings and comparing them to the PR's to spot if they are avoiding mentioning significant things - i.e. the draw down on that revelving loan to AERO from FCCN. I also read about the past affiliations of the company officers. People don't often change their stripes and with the advent of the internet and google the research possibilities are endless. to think not to long ago you would have to go to the library and read month old morningstar reports!
sorry, I am to polite to leave without answering all these questions!!!
I guess I will have to wait for all those grand announcements - "I have put you on ignore!" those always amuse me - why not REALLY ignore me and say nothing - that must be like someone trying to get the final word in with me - which seldom happens.
Show me the audit - then I'll know. wonder if they will have to do a reverse split with all those shares out there?
You forgot to mention the infamous CSHD "RESET". LOL!
The only ones looking naked right now are those same people crying naked shorts! Especially after the FHAL offices were raided by the FBI - according to Bodi/Mike Alexander posting on HSM.
The trick is in the perception isn't it?
Do you know what the absolute best scenario is for shorts? that the company goes bankrupt and they never have to cover!
Craves attention!? at least I don't go bragging about wearing a size 17 shoe! How ya doing TallRob! Miss your little monkey face avatar over on HSM!
Assuming you are replying to me, without a direct reply so I won't be paid (check that Basher Handbook again!) - I said CSHD was not shorted by the number of shares they said they were. Hell yeah they were short - and I bet we will eventually hear who did the shorting - and I would not be surprised to learn a few "insiders" were all part of that "antic". Hopefully the DOJ will step it up so many can close the chapter on THAT book - including me.
Please don't put words in my mouth -I didn't say AERO/FCCN is just as shady as CSHD - I responded to another posters that said this: " this is the real deal and your CSHD antics won't work here." with that poster suggesting my posting at CSHD were antics - which they were not - IMO!
BTW - I do believe that CSHD was definitely a one of a kind - one for the history books...and hopefully not repeated anytime soon.
although it sure has plenty of the same players - judging by the HSM FCCN messageboard and a few of the same here. I did spot a tad of skepticism going around - which is a good thing - maybe people do learn after getting burned.
I have no clue whether there is no short position. I do know that some people make assumptions that it is the evil MM's that are shorting, or the bashers that are hired by whomever the pumpers think have hired them. There are plenty of situatiions where later you find out it was the insiders all along. So you see, in order to have a short position not happen is to run a good company, make some money and don't go blaming shorts when you fall down on your job.
I haven't finished my DD - and am not sure yet how many hours I want to invest researching some muffler maker that is suppose to support the existing share structure without having seen the financials.
There was NO short Squeeze - actually there were NEVER 75 million shorts as PRed either - all very well documented and out of the mouths of the CEO (both of them) on Subpenny. Let's stay on topic.
Lets hope they are not planning to use the same antics CSHD did. Since there seems to be so much "go away cindy" and deletions, I am finding that to be a "sign" that some are afraid of something. Perhaps you should do more DD and battle with your facts.
If only one investor can have their eyes open by reading an opposing view and thinking for themselves, I consider that a good thing.
I'll be back on MONDAY - hopefully armed with enough DD to make you happy. I'll try my best!
I believe that CSHD already tried that line - although I believe they called it the Squeeze of the Century. A short elimination. Guess what - it never happened.
Is this true? Steven Peacock worked as consultant for Aero for a couple of years???
If Aero had revenues, why did they already draw down on that revolving loan from FCCN? To pay consulting fees???
Dec 13th, 2006, 03:04 PM #9
beano23
HSM Enthusiast
Join Date: May 2006
Posts: 931
Here you go fellas enjoy!!!!
FCCN and AERO EXHAUST R/M UPCOMING
Share Structure: 71 Million O/S, 53 Million Float
Spoke with Robert the COO at Aero, returned my
call in thirty minutes which was impressive to say the
least. Here's the scoop, Stephen (FCCN CEO) has been
a consultant with Aero for around two years now and
presented the opportunity to go public around three
months ago, this has been in the works for quite
sometime and Stephen finally acquired the shell (FCCN)
recently. Robert stated that the reverse merger is a
done deal just paperwork being finished up, couldn't
give a time frame but he anticipates all being
completed in the next couple of weeks. They are
finalizing all financials prior to the announcement
and plan on uplisting to the OTCBB upon merging. Aero
currently operates out of a 100,000 sq. foot warehouse
in south california and distributes to 30,000
different shops and numerous master warehouse distributors.
He didn't elaborate on financials but stated that they
are in a great position financially and are looking to
gain even greater exposure of their product by going public. Also they are adding another warehousing facility and launching
a retail brand per se in '07. Being private no financials are available but each shop does well over a thousand in sales so being conservative revenues are 30 mill at a minimum.
Aero website: http://www.aeroexhaust.com
So when they are doing their MOP UP operation - what do you think they will be doing with all those shares owned by Golden Gate that you say they have nothing to do with???
Common Stock
As of the Record Date, there were 5 billion shares of Common Stock authorized with a stated value of $.0001 per share, of which approximately 920,558,174 are issued and outstanding, with 4,079,441,826 shares authorized but not issued. Of the 920,558,174 shares issued and outstanding 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on convertible debentures and as part of a stock purchase agreement. While held in escrow these shares are voted by the Company’s Board of Directors. Each holder of the Company’s Common Stock is entitled to one vote for each share held of record on all matters submitted to the vote of stockholders, including the election of directors. All voting is non-cumulative, which means that the holder of fifty percent (50%) plus one share of the shares voting for the election of the directors can elect all the directors. The holders of Common Stock are entitled to receive pro rata dividends, when and as declared by the Board of Directors in its discretion, out of funds legally available therefore, but only if all dividends on the Preferred Stock have been paid in accordance with the terms of such Preferred Stock and there exists no deficiency in any sinking fund for the Preferred Stock.
Also I wouldn't worry too much about the voting - if you read the 14k I couldn't imagine the Company's BOD doing anything other than voting for the withdrawal. It will benefit them greatly - although I question the benefit to the shareholders.
AND the date of the close of business:
Only shareholders of record shown on the books of Franchise Capital Corporation at the close of business on January , 2007 will be entitled to vote at the meeting or any adjournment thereof. Each shareholder is entitled to one vote per share on all matters to be voted on at the meeting.
My "investment" of time is rewarding enough. You know how much I learned about PennyStocks in a matter of a few short months??? CSHD had it all - or should I say HAS it all - it ain't over yet.
Show me where I said I knew it all. Actually I said the opposite - I was just getting started. If you are a "long and strong investor" there will be no hope - I mean help for you! LOL!