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Becoming compliant with the SEC may be a much bigger job than some of us think.
After all ... some of the issues of non-compliance have to do with the dilution that has happened here.
IMO
Merger is FAR from complete.
It could still fail.
IMO
I am not promoting
Some are. In order to promote you have to disclose.
IMO
so how many shares do you have Capttenron?
Your sure promote a lot.
IMO
new ppl and new dd coming on every day
imo
Hey Psykotik1 .... how many shares you own.
You talk a lot.
You promote a lot.
IMO
Youre a promoter too.
So Bellman ... how many shares of FCCN do you have?
Mr. Trend Green .. how much stock do you have.
Youre busy promoting ... so much you have??
Patents have claims. Some of them are proven, some are not.
10% savings because of a muffler.
Hard to believe.
IMO
And Pres. Bush's popularity may soar like FCCN.
But I doubt it!!!!
IMO
My boss is letting me off early tonight. LOLLOLOLOLOLOL
I jest .. but that is what many of you want to believe.
I crack myself up.
NITE
IMO
if you believe that strongly .. go for it.
Wish I had your faith.
IMO
That is your truest comment ever.
I agree ... the market will eventually determine the value of FCCN. Let us see what the coming days and weeks bring.
I do like the AERO deal. Just dont know if I like the structuring or the people involved from FCCN.
IMO
Sg got tired of talking to himself I guess.
IMO
Might not come back again from sub-penny though.
IMO
My belief is more selling to come.
The stock price will be rocked again.
IMO
So ..maybe it doesnt cost AERO anything for sponsorship.
Maybe Rockford pays the costs of sponsorship.
Interesting.
IMO
Yeah .. they are showing good faith now. They got caught violating the rules of the BDC and have to be good now. LOL
And dont give me the song and dance that was past management when it is strongly beleive that present mgmt were some of the beneficiaries of the violating c/d's and preferred shares.
LOL
IMO
That is one of the reasons they are dropping the BDC.
Another has to do with all the compliance violations they have had in the past.
IMO
Jan 31 they are supposed to file the definitive 14A.
So we should be getting more information.
Thats all I was saying.
IMO
Right. Usually all the terms are made clear at the signing.
So ... why havent those terms been made available for all to see?
Makes you think.
IMO
Why would GGI agree to that?
They are a VC firm that is in this business to make money.
They are going to have winners and losers.
It is a high risk high reward or no reward game.
Usually for every loan a VC makes, one loan makes money, one loses money and one breaks even. Some say the stats are even worse (ie losers) than that.
IMO
If it was an illegal loan ... then it is our current mgmt that is structuring this deal and who we are believing in that structured and took the loan.
Thats scary!!!!!
IMO
They can vote them ... true.
But they cant dispose of them either.
Wow ... that would be a huge problem if they did.
IMO
GGI is a Venture Capital firm.
They want to make money.
They dont take high risk for standard bank interest.
IMO
No.. that wouldnt work either.
AERO got that $1.5 million from FCCN (or most of it anyway as of Jan 12). FCCN we believe got it from GGI. Two separate transactions.
Thats like saying my boss paid me. I paid the mortgage company. Now the mortgage company is going to pay my boss?
lol
IMO
Would you sell your shares back to them if they had appreciated in value?
Why would GGI?
It is possible I guess, just not very much like any venture capitalist I have dealt with. Usually VC's are quite greedy.
IMO
But I have done Private Placements and after the company has my money do you think I was going to let them have back the shares for my cash just because the stock did well.
Would they have given me more shares if the stock did poorly? I dont think so.
It just seems to me that in the world of corporate finance, GGI took a lot of risk funding FCCN which, lets face it, is an insolvent shell. Why should they now have to give up their shares? They didnt give up any of the 60m+ shares they got from the previous fundings which some say are now causing the fall in stock price cause they are selling.
Just my two cents worth.
ALL IMO
Very true. It may not be a conference call.
It says it could be an interview. Or something similar.
They gave themselves an out.
IMO
Not sure if that is the case though.
I would really like to see some real info on the C/D or loan that created the 760mm+ shares but there is none.
So everyone is just speculating right now on what the terms are because some posters like Mr. TG seem to believe they are in the know.
But Mr. TG has been wrong before too.
In short ... I dont know.
IMO
Problem with that is GGI has that big block of 760mm+ shares which completely dilutes the other common shareholders.
They would have to receive the same dividend.
IMO
I believe they have until Jan. 31 to file the definitive 14A so do not expect any PR or Conf call until after this is done.
IMO
Cant be done without a lot of time and money. FCCN has only one class of common shares and it needs a shareholders meeting to change that ususally.
Many pinks do a conference call.
And many actually have their financials posted.
Doing a conf call does not differentiate FCCN.
If anything their delinquincies when it comes to filings and doing the C/D's raises huge concerns.
That ... and one poster suggested that they may have gagged their TA when GGI got all those shares. I hope that was not the case because that is mean.
IMO
What price FCCN ends at tomorrow will not change the fact that there are many who want more DD info.
The questions will keep coming until they are answered.
New shareholders coming in at this, higher or lower levels will still want answers.
And if you dont think that is the truth .... I really dont know how you make your decision to buy, invest, sell and hold.
all IMO
FCCn borrowed $1.5 million from GGI. My understanding is that GGI received 700m+ shares for this loan. Some say not. It is hard to say what the truth is because the documents filed to date dont talk of it enough to give a real determination.
Sorry if I confused you.
The above loan is not to be confused with the loan by FCCN to Aero which is to be converted to shares at closing.
If my understanding of events is incorrect, please, someone send me DD.
All IMO
Two things ... (1) when did the loan go to $2.5 million. I thought it was only $1.5 million.
(2) It could well be that GGI put up the risk money to make this deal happen and therefore deserves the big block of shares at sub-penny prices. I am not sure when they signed the loan agmt and when the money was available/advanced to FCCN, but at the time it might have been an extremely risky loan for GGI to make. Still could be if the deal with Aero is not consummated. Lot of risk there.
IMO
Sorry my mistake.
I should have given my response to your post.
My response was post #30806.
You should really contact Ihub if you arent getting your messages though.
IMO
Go read post 30794 for an example.
That DD was directly addressed to you.
Sorry if you didnt get it.
Maybe you should contact Ihub and have then check out why you didnt receive it.
IMO
I have given lots of facts from the filings.
I would like more facts on the loans and C/D's.
Now who is twisting words?
And I thought you had me on ignore? lol
IMO