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Since I lost my crystal ball a few months ago
I decided to buy an AERO Exhaust instead
When it showed up, I took it out of the box, and I rubbed it for luck
A Gennie popped out and told me to buy FCCN stock
And that it would become a large pile of $$$
After the 8K comes out AH on 10/9/07
Go figure
Oh yes, and I am sure that nothing new has happened with AERO in the past several months that would cause them to make any changes to the 8K.
"We've been Patient"
Get real
Ahhhh, and just who might this "primary shareholder" be?
Drumbroll please...
4/9
"just very glad to be
a shareholder of record"
Glad I am too for the last 9 months in fact...what does that get me ;>)
There are still filings being accepted after 5:30 ET
MANY MANY filings
http://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent
refreshe this page
MOD SQUAD CRACKDOWN!!
Walk
You know I have just a moderate position in FCCN, but it is all the risk I can afford even though I really wish I could do more - especially now!
Let me just say, that I could not be happier to have INVESTED my hard earned money in a company such as AERO. I envy their business model (which will be public knowledge soon), and hope to be as successfull with my own business as they have been in such a short time.
GLTUA!!
I just want to go on record here, before I cash in on the eve of the 8K filing, that after much consideration on this topic, I think I am starting to agree with the this number for AERO's O/S. Not saying it is for 100% certain, but I think there is a strong possibility. The part that makes it so hard for me, and probably a lot of others to believe, is that it seems counter-intuitive to the way "penny investors" think.
The math moreshares provided is accurate, but the logic is what kept screwing me up. How, and why could it happen this way? It helped me to forget about percentage of ownership, and think about it like this:
When the GGI escrow was initially established, the O/S went from 77 to 950+M shares. That is where we got the massive dilution, and consequently a low PPS...looks bad for FCCN and too much uncertainty. Now we see that 400M shares are retired from escrow, and O/S is effectively 560M...unheard of you say, and I agree. It is hard to believe, unless you think of what AERO's goal is (IE: to get uplisted to AMEX min. ASAP!)
The best way to achieve that goal is to have this suprisingly favorable share structure, with a decent balance sheet, and large growth potential. Why would they want to take a billion plus out of the A/S in a share exchange, and then be forced to R/S to get back to reasonable O/S for uplisting.
It just makes more sence to me that Peacock structured the deal this way. AERO got the loan (cash for merging and upgraded production) and now they get a clean shell with only about half of the O/S that was reported. Sounds like a sweeeet deal to me!
GO AERO!!!
Peacock rocks
IMO you will not have to admit you are wrong.
I think you are right on with your interpretation of these events.
This is wound soooo tight!!!!
With the 50MA gettin' all snugled up with that 200 GOLDEN CROSS, all of the heavy MM manipulation we have seen for the last week, AND a SUPER 8K due within hours...I can only imagin where we end up.
GOOOOO AEROOOOOO!!!
Something is definitely going on!!!
This is the first time I have ever seen L2's look like that.
My favorite part of this PR:
we are confident that the close will be greeted with enthusiasm by Franchise Capital stockholders.
I'll give this a harty WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!
check raggs post from earlier today:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23397222
The 50MA is inching ever so close to the 200...nice!
This is down towards the bottom:
"All shares issued into escrow have been recorded as issued and outstanding pending the ultimate disposition of the obligation. Accordingly, the accompanying financial statements reflect the debenture as being fully paid. In the event not all shares are released from escrow, any remaining escrow shares will be returned to the Company and cancelled, with the value of such shares being reflected as a reduction in settlement costs."
Sooooo, which is right???
AMEN BROTHA!!!
Certainly not as good as I would like to see, but as many others have stated, this is a small company with limited resources in the early stages of development.
Another accomplishment is that they have done this without massive stock dilution...another big plus.
I keep hope alive here, as do others.
Earnest:
"Just a lot of MAYBE's.
And a terrible track record by management of Failure to Deliver.
imo"
As with any Pink listed Co, there certainly are a lot of "maybe's" with this one. However, you cannot state that management has failed to deliver on everything they have stated. Over the last few months, they have completed two key things that shows me they are following through, albeit a little slower than I had hoped.
1) Changed name and symbol from GLXI to UMNG to remove confusion with another company and better represent their direction.
2) Completed an NI report on Laurentide property.
Yes, we can all read, and we know that the NI is not as good as we were hoping for, but there are things going on that we have not been made aware of yet also. If they can continue to do what they have been talking about in previous PRs, then I think there is a significant potential to make money with this investment. ALL IMVHO of course.
we have been holding strong with all our patience, and now we will all be rewarded!!!!
Anyone hear any rumors of news to be announced this week???
o.k. I'll bite.
Personal feelings aside, what's your take on UMNG?
Yes, I'm still in it...I know, I should have listened to you.
according to the UMNG website, the NI reports are due next week.
why do you think this is a good sign?
monthly UMNG chart shows a break above 50 MA, and on low volume. It has held the 20 MA for the last two weeks. RSI above 50 and uptrending.
anybody have further insight?
I am relatively new at T/A, and could use help.
TIA.
thanks for the reminder
this is going to be my first chance to see it
looking foreword to it
I hear ya dog
I talked to IR today, and they said that they do expect the NI reports to come out before the end of August for the Laurentide properties as stated on the Umining website. They also said not to expect any PRs next week, so don't be suprised if we go right up to the end of the month without an update.
Remain positive on this stock for now, but do expect to hear something regarding the TSX and NIs soon...and I mean sooner than March!!! IMO.
it got reeeeeaaaaaallll close
closing HOD for sure, and breaking out!
UMNG moving well on low volume because of low float.
IMO, if we get NI's and other good news, this can move up very fast!
making a good move on super low volume...hmmmmm?
HELLO....SHARES, SHARES. Anybody seen any shares? Where are they all?
Oh, there they are. We already own them. LOL
Well, the news certainly is like music to my ears, and I am very glad to hear that the merger date is less than two months away. I think we are definitely on the right track now, but there is still uncertainty with GGI. Once we hear that the CD has been paid in full, things will get really interesting.
IMO we can expect to see some small but significant rise in PPS as the chart is looking good, and we are breaking through the upper BB. That could bring some of the chartists back into this stock, especially if they have been following it for a while.
I just don't think we are going to see any significant gains until we see the 8K about GGI. Although, I would not mind to be proven wrong.
GO AERO!
DITTO!!!
sounds like somebody is trending today
LOL
Sorry I don't have time to post more often, but I like to add info where I can.
The nuclear industry is in the early stages of gearing up for a major comeback, even in the US. This will lead to substantial increases in these stocks in the "not to distant" future.
This is directly off the NRC website: http://www.nrc.gov/about-nrc/employment.html
"The NRC expects to hire more than 300 new staff this year, primarily professional engineers, nuclear scientists, and security professionals."
And the number to be hired next year will exceed 400. Only one reason for them to be in that kind of hiring mode, and that is to support the licencing of all those new nuclear power plants being ordered.
Jim - Crazy and Cheap!
Mucho support here sir. Bought a little more yesterday myself.
Gotta love the "take charge" attitude.
We'll be right behind you all the way up!
Let's just hope that at least one of the first PRs says that GGI is done selling shares. If we hear it soon, the PPS might actually start moving north. Until then, I think there are to many scared of the "dilution" factor. Even though we here know that the more GGI sells, the larger the percentage of AERO we should get. There are others who think that it is a big unknown and will not risk buying in...IMO.
Either that, or AERO hints at what kind of share structure they are thinking about post merger, along with some projection of financial situation. That would also get us going.
encouraging sales
looking for shares b/c their short
trying to shake one last time
wonder what's coming
what's the story on L2s???