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Hey ... if a T/A will give you that info ... go for it!!!
They do not have to.
In the case of FCCN, I think it would really be imprudent for mgmt to issue out many more shares at this point given the violations on the shares that have been issued to date.
Maybe if it was really NEW management and not Peacock and the gang because they were involved with FCCN prior to taking over the shell.
A completely new mgmt team would have more credibility with the SEC I believe.
ALL IMO
Its Aero that gets the good deal, not FCCN shareholders.
If those in fact are the terms.
We dont know for sure because we have not seen the loan and C/D terms.
IMO
Everyone wants to be told they are going to be rich.
It is a real lemming mentality sometimes.
"Follow me ...!!!"
LOL
IMO
The T/A cant tell you more info the same reason mgmt cant tell you more info ...
A T/A should only talk to an individual shareholder about that shareholders stock.... not about anyone elses.
Management in their filings have disclosed the outstanding and issued shares and the control positions. They have also disclosed positions of directors and officers.
If those disclosures are not true ... the SEC will pummel them.
And the shareholders would have a cause of action too.
IMO
Here is the audit DD I promised you straight from FCCN's filings (8K)
"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."
From the sounds of things, we are looking at teh second quarter for financials to be brought up to date.
IMO
But where would FCCN get the funds to pay off the loan?
Lets remember that they are a shell.
IMO
I think you should put on ignore anyone who disagrees with you. that way you are sure to make good decisions.
LOL
IMO
I believe if you look back at posts from MTG and filings you will see that it states that AERO has to get its financials audited.
I will attempt to do some DD on that for you.
IMO
Peacock GGI and Lo Jolla have also been involved with FCCN and predecessors for a long time.
What if they are the ones that were the recipients of some of the violating C/D's? The C/D's violated BDC rules and I thought Peacock was supposed to be very knowledgeable on BDC's.
Makes you think .. HMMMMMM?
IMO
Glad you are ignoring me Captron.
Thx, you make my day.
Now I can send DD without your posts.
IMO
That is your perogative to ignore me.
You are only one.
IMO
you see I find that all very confusing how the loan can be converted into common stock at the time of closing. If what Mr. TG was posting previously is correct, the 700mm shares is for the loan. Kind of messes with the logic.
We need more information.
IMO
Results of Aero will not be known until the audits are done.
IMO its too risky to release any financial info until this is completed.
If there were no audits of AERO previously, it will take a fair bit of time to do the audits because they have to almost go back to year one and audit forward in some cases. Auditing the inventory amounts is a real problem in prior years because the auditors were not there to count the inventory. And inventory movement flows directly into cost of sales which is a big determiner of net income.
I guess what I am saying is ... dont expect financial results for a while yet. I would say March IMO.
All IMO
Please show me the C/D so we know that those are the terms and that GGI will not get all 700m shares.
Without a copy of the C/D ... its all conjecture.
IMO
There is really nothing substantive that they (Andrew/Peacock/ GGI) can tell you that is not in the filings to date. Otherwise they could be accused of giving out insider information to selective shareholders.
You will have to be patient.
They may have to clear the violations before they can complete the merger.
I think what Trendgreen is suggesting is that the FCCN shareholders (ignoring the GGI block of escrow shares, so approx. 142 million common shares) will own 15% of AERO.
If I read the filings correctly there are some problems with doing a Reverse Merger because of all of the violations outstanding. And again, If I read it right, Peacock, Javelin, GGI and La Jolla were all beneficiaries indirectly or directly in the Convertible Debentures that cause some of the violations.
Its all very mixed up and confusing.
IMO
WAIT by American Bulls might be a very good recommendation given the lack of "facts" forthcoming from the management team which also owns approx. 90% of the shares.
"Violation" was the word used in the filing.
The pros and cons are all set out in the pre-proxy.
Go have a read.
Go to pinksheets.com and it will be there.
That is good DD.
My understanding is that FCCN has to get their BDC status changed so that they are not in violation of some other laws.
The rest of their distribution network may not be too pleased in Walmart suddenly started to sell AERO products.
Thank you for the advice.
Some of the time I dont have to because I am quoting from filings. Which are supposed to be factual documents.
But Javelin may well be the recipient of some of the old CD's which are in Violation of the SEC's rules.
In my opinion, that may give him a lack of independence.
And by the way, it says in the filings that some of the Violations CAN NOT BE RESOLVED. What does that mean for FCCN shareholders. Can that barr the merger from happening?
I do not know the answer to that. Maybe only the SEC does.
Recently separated. This is my entertainment. More fun than lavalife!!! LOL
Here you go.
Here are the extracts from FCCN's filings done on Jan. 22/07 by Mr. Peacock.
I used the term "illegal". Maybe it is not completely synonymous with ther term used by the SEC of "Violated" but it is pretty close. I apologize for the discrpancy.
EXTRACTS
During the year ended June 30, 2005, the Company received a communication from the Enforcement Division of the Commission which indicated that the Commission was of the opinion that the Company had committed several 1940 Act infractions, including the issuance of convertible debentures that violated Section 61 of the 1940 Act and the issuance of preferred stock that violated Section 18 of the 1940 Act (See below for a detailed review of potential 1940 Act violations). The possibility of these and other violations called into question whether the Company would be able to return to full compliance with the 1940 Act.
Since electing to be regulated as a BDC, the Company has engaged in multiple transactions that either violated or potentially violated the Investment Company Act of 1940. Some of these violations have been corrected; however, some violations are either irreversible or else would be cost prohibitive to correct. The following violations have been noted:
The Company previously issued Series C preferred stock which contained provisions that violated Sections 18 and 61 of the 1940 Act. During 2006, the Company reverse split the preferred stock in tandem with a reverse split of the common stock; however, the stock remains in violation of Section 61 of the Act by virtue of its conversion feature and Section 18 by virtue of its voting rights. When originally issued, the Company believed that the Preferred securities issued were fully compliant with the 1940 Act. The Company has attempted unsuccessfully to restructure the Preferred Stock in a manner that would be compliant with the 1940 Act.
The Company previously issued convertible debentures that were in violation of Section 61 of the 1940 Act in that the debentures were convertible at rates less than fair market on the date of grant and were issued without shareholder approval. The Company believed that the nature and features of the convertible debentures were such that the instruments would not be governed by Section 61; however, the Commission subsequently determined that Section 61 did apply and that the debentures did not comply
Be my guest. With everything posted today on the deal today that has to do with Mr. Peacock, Javelin, Golden Gate, La Jolla and their past dealing .... WOW!!!!
Go read the filings.
It is FCCN's own filing that disclosed those old CD's as being illegal in the eyes of the SEC.
Cant make it any clearer than that for you.
It is illegal because it was said to be illegal in the SEC's letter to FCCN as disclosed in the filings that FCCN has done.
It is FCCN that admitted that they were illegal.
Read the filings.
Do you own DD.
MR TG the illegal c/d's were not irrelevant to the SEC. They issued FCCN a letter about it.
I just find it interesting that Javelin may have been the recipient of some of the illegal c/d's and preferred shares and have now been retained to clean up the mess they created.
And there is no guarantee that the SEC will approve Javelin's recommendations on fixing same.
Also, I was not the one to say that the cars were not running mufflers. You accuse me of something I did not say.
The last filing said that approx $800k had been drawn down on the facility. And that was mid_january.
It mentioned nothing of being repaid.
I am doing DD on an issue and many are throwing up alternative theories.
I am responding to those theories and questions.
And to keep saying RAH RAH GO AERO GO is not spam?
Dont you know ... Peacock is taking instruction from Mr. TG who knows more than anyone about this transaction.
Take a look at this about Javelin.
It would appear that Javelin was the beneficiary of some of the "illegal c/d's" that were done and that Javelin is now attempting to fix the deficiencies of with the SEC.
Interesting.
The fox is in the henhouse.
This is the connection -relationship of FCCN and JAVELIN dates back to 2004
"On October 13, 2004, the Company negotiated a consulting agreement with JAVELIN Holdings, Inc. The agreement with JAVELIN provides for $15,000 upon execution of the agreement, $15,000 cash and a $30,000 60 day Convertible Note upon successful filing of requisite SEC documents. In addition, JAVELIN receives 5% of any Preferred Class of stock created for the benefit of the Company, 10% of any bridge financing and 5% of any subsequent funding. During October, 2004, JAVELIN earned finders fee of $5,000 from the Company for two short-term convertible debentures in the amount of $25,000 each."
JAVELIN ADVISORY GROUP, INC.
PRINT
Business Entity Information
Status: Active File Date: 10/22/2004
Type: Domestic Corporation Corp Number: C28734-2004
Qualifying State: NV List of Officers Due: 10/31/2007
Managed By: Expiration Date:
Resident Agent Information
Name: CORPORATE CAPITAL FORMATION, INC. Address 1: 2724 OTTER CREEK CT #101
Address 2: City: LAS VEGAS
State: NV Zip Code: 89117
Phone: Fax:
Email: Mailing Address 1:
Mailing Address 2: Mailing City:
Mailing State: Mailing Zip Code:
View all business entities under this resident agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 75,000.00
Par Share Count: 75,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
Secretary - STEVEN R PEACOCK
Address 1: 43180 BUSINESS PARK DR 202 Address 2:
City: TEMECULA State: CA
Zip Code: 92590 Country:
Status: Active Email:
President - KENNETH WIEDRICH
Address 1: 43180 BUSINESS PARK DR 202 Address 2:
City: TEMECULA State: CA
Zip Code: 92590 Country:
Status: Active Email:
Treasurer - KENNETH WIEDRICH
Address 1: 43180 BUSINESS PARK DR 202 Address 2:
City: TEMECULA State: CA
Zip Code: 92590 Country:
Status: Active Email:
Actions\Amendments
Click here to view 4 actions\amendments associated with this company
So they basically admitted that they had not given proper disclosure before ... thereby causing losses to some shareholders who sold out.
Sounds like a classic class action suit in the future.
That is your perogative.
Its a free country.
What DD do you want?
I get mine from the filings.
Youstated the guys at javelin are attornies.
Which one?
Not a single attorney on their list of officers and contact people. One CPA but no attornies.
Youre words have the same effect ... you appear to have have become "mean" because I question your opinion.
Go right ahead and express your opinion.
The floor is yours.
I think they are making it up as they go.
Even Mr. TG's statements are inconsistent.