Looking for the next one ...
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.
I did. Not anymore. lol
As I said, feel kinda stupid about it now.
Not until I see the situation change wrt dilution.
imo
Not sure where I will buy in next.
Bought in last time at $0.0195 thinking maybe the dilution had stopped. Many said it had.
But it hadnt.
So now my 0.0195 looks expensive.
imo
They might have even given him a tour of Aero for a "know your client" purpose.
And Andrew has probably talked to Hunsaker once or twice.
But other than that ... his knowledge of this deal might be less than that of someone who is really good at DD.
Often these IR guys have multiple clients at one time.
I believe Andrew has other IR clients of current deals being handled by the Javelin group and their associates.
imo
I have used Euroclear.
The bonds could be posted on Euroclear. Not held, simply posted for sale.
CSHD shares could not. That is what DTC is for.
imo
This can only go one way for Rufus ... very badly.
imo
It is rare that a PR guy knows more than the company is willing to release to the public.
In that way ... he cant get them into any trouble with regulators.
So ... my bet is that Andrew knows just slightly more than what is in the filings and releases.
imo
its an interesting stock thats for sure.
Liked todays announcement about their new product.
imo
I averaged down once before.
Too soon as it turns out.
Oh well ... thats the markets.
imo
That is definitely serving a very different customer set than their other products.
A big sub-sector for sure!!!!
imo
your intelligent dd is sure to help the PPS.
imo
GGI only has three more weeks of good selling before the financials are out.
imo
With everyone holding or loading, who is selling?
imo
From the definitive 14A on 2/16/07
As of February 15, 2007, the Company has 921,183,413 shares of common stock issued and outstanding. Of this amount 747,807,988 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc.
From the pre14A on 1/19/07
As of January 9, 2007, the Company has 920,558,174 shares of common stock issued and outstanding. Of this amount 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc.
The issued shares went up by the amount that GGI had to buy under the new agreement, being 625,239 shares at $1 per share.
At the same time the escrowed shares decreased by 32,870,095. If these were disposed of at 2 cents it would have resulted in net cash of $657,402.
I still believe GGI is diluting. Possibly not making huge money but making moneyimo
This should be interesting to watch.
The demo will be about efficiency.
Wonder when they will display a car running on hydrogen?
imo
So then how is the number of escrow shares declining with the drawdown of the C/D then?
Please give me a good explanation for this.
imo
The drawdown shares relate to a C/D dated June 2004. The two year restriction is up for those shares because the funds were invested over two years ago.
imo
Yes there is somethings that are happening.
1. A Grand Jury Investigation
2. An SEC Notice and Suit.
imo
Can we do something to inhibit the beard growth on women drivers though? lol
Excellent post Tally.
Said it better than me.
imo
Not in this play but my personal style is to sell some when it doubles to recover my capital and then reassess.
Having said that ... if it appears to be moving well ... I wont sell at the double but will hold.
So I dont begrudge anyone selling. Thats what the stock market is for.
imo
Good post !!!!
imo
Only thing that is UP is Rufus' time out of jail. lol
imo
I dont think it matters what if anything Rufus gave the judge.
It cant correct his past actions.
It cant recover the losses to shareholders caused by their lies.
imo
You guys might to want start watching HYPF.
It appears ready to break out.
imo
I think right now that are probably not working together but are busy pointing the fingers at one another before the Grand Jury.
But they could soon be working together ... on a chain gang!!! LOL
imo
It does look promising.
No news lately and the market is anticipating the webcast.
imo
Good summation.
I agree with all of your comments.
imo
excuse me ... what are you trying to say?
imo
maybe someone with some common sense is finally doing something and not just the fraudsters.
imo
Time will of course tell.
The rumor that the escrowed shares would somehow become FCCN's was started by MTG.
And you are right ... there are not enough authorized shares remaining unless they do a R/S prior to merger OR an increase in A/S by shareholder vote.
imo
could be flat. lol
imo
Gearing up ... in anticipation ...
imo
That is essentially what I was showing in my second scenario.
920,000,000 / 6,100,000,000 = 15%
which means that another 5.2 billion shares would have to be issued to Aero.
The escrowed shares are already issued and I cant see why GGI would give them up. Would you?
imo
That is why I presented two views.
One based on trading price.
A second based on pre-negotiated conditions.
imo
Its a simple mathematical calculation at the time the merger occurs.
Normally!!!
If FCCN is trading at $0.10 at the time of merger; and
if Aero has a valuation of $250 million.
Then .... they would have to issue 2.5 billion shares to Aero shareholders.
But FCCN only has a value of $250k all cleaned up and without Aero.
Now Aero has already been promised about 85% to 95% of FCCN.
So that would mean that Aero has to be issued 6.1 billion to 18.4 billion shares given the o/s of 920 million now.
I have always had to scratch my head about those escrowed shares and how they are going to show up in FCCN shareholders accounts as per MTG.
I just do not see how this deal is going to come together without a significant R/S.
IMO
maybe FCCN HAS to do all the filings in order to hope to become SEC compliant.
imo
Too bad a guy couldnt invest in Aero privately.
I think that is where the equity appreciation is.
Less chance of a reverse split wiping out gains.
imo
I dont know if it will drop as low as $0.01 but until we get clarification on GGI OR Aero's financials are available ... I dont see news like todays having a big impact.
Then again ... one day it could just take off!!
imo
Yes ... Cornell.
Arent they the king of death spiral financing?
imo
I still believe that people still want clarification on the entire deal with GGI.
imo