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Now youre giving out insider information Mr. TG.
Wow.
How can Javelin make such statements as "FCCN shareholders will recieve 15% of Aero" but not be able to release the details of how this is all going to happen?
Trendgreen ... Javelin is really messing around with our minds and the laws here. And you ae their unwitting servant in disseminating this confusion.
Thats a big problem. They have Andrew answering questions and he does not really know what he is talking about.
So we are getting confusing and conflicting stories.
A reverse merger is when the shareholders of the target company (in this case AERO) post merger control the majority of the issued and outstanding shares of the public company (in this case FCCN).
An acquisition is when the public company (FCCN) purchases the target company for shares and cash and the public companies shareholders retain control of the merged entity.
From my read of the filings, with FCCN issuing up to 95% of its shares to AERO shareholders this will definitely be a Reverse Merger.
And that makes sense because the fair value of FCCN is only the value of a shell whereas Aero is a valuable company.
Andrew tells conflicting stories.
But that would be market manipulation by the officers of the company and ... WOW .... I thought the company was trying to be SEC Compliant.
why would GGI take all the risk and let one block of stock settle all debts?
Not good business and not how venture capital works.
Hopefully we get the right answers next week.
The broker thing is a little more complicated. He is also my friend and I hired him years ago. Gotta look into that fill some more.
I get my facts from the filings. Go look at pink sheets and you too can read the filings.
I have supplemented it with things I have read off this Board, particularly Mr. TG's comments.
However, I am finding Mr. TG's comments to be inconsistent now.
But your logic has GGI selling its first lot of 63m shares and forgiving the $1.5m loan.
That would be very nice of them but they are in this to make money and take risk just like the rest of us.
You see ... this is my problem with this deal. So many salient facts have not been released or are confusing at best.
I thought:
$220,000 loan was settled for 63 million shares.
220,000/60,000,000=$0.0036
That would make sense to me.
And the 1.5million dollar loan was for the 780 million shares.
1.5m/780m = $0.019
Which also makes sense as the stock was about that price when the deal was signed.
Correct me if I am wrong but I thought that the 63 million shares settled the past debts.
And the loan was to be $1.5 million not $1 million.
I thought the block of 780 million shares came from the $1.5 million loan.
That is how I understood MTG's memos.
Are you saying that 1,000,000 shares at $0.05 = $50,000
And that at a muliple of 63 you would realize over $3 million on it?
Where do you get any of your numbers?
Are you just making it up?
Please explain your math and your logic.
but what about the $1,5 million loan?
Mr TG's memo seems to infer that was paid off too.
I am not sure.
There is a lot of speculation about some filings and a press release to come out Monday or Tuesday.
How would FCCN be able to pay off GGI in full?
Sounds implausible.
Only way I know of is with shares.
So how can people be pumping the stock when as you say "we just dont have all the facts"?
Shouldnt we all just be sitting back and asking management to release the facts?
It just doesnt smell right to me.
If the deal was illegal ... it was illegal. PERIOD
You cant keep it to vote it.
Its like saying, we stole a car but decided to keep in case we needed it.
Your memory isnt so good.
Go look at the charts.
If they give us all of the terms to the definitive agmt and to the underlying loans .... then I believe a lot of the posting will come into line.
I think FCCN has done a bad job of informing and disclosing informaiton. I hope that it is an oversight and not and attempt to confuse.
I do beleive that Aero looks like a good acquistion.
I just have some questions.
And I get dumped on for asking the questions that we should all be asking.
I used to beleive Mr Trendgreen but then he got so up himself.
And his story began to change or at least the stories he was told and then told us were changing. So I quit believing him and started to ask questions myself.
Sorry. They kind of just ran together.
Already answered this question once.
You are truly one of a kind.
Your English and Math skills are beyond comprehension.
Did you go to deception school too?
Math lesson for you.
120,000 x $0.03 = $3,600
And I dont like being scammed.
here is the link green2me sent me.
I couldnt find anything about FCCN.
If you can, please let me know.
http://goldengatecap.com/about.shtml
I was going away on a one month holiday and one of my friends/partners said "get on this one, I think it will be good".
So, being rushed for time I just put in an order and went on holidays.
I only got back about 10 days ago after being gone for over one month.
Now I am doing my DD after the fact on my investment that I made based on my trust in my friend.
See my reply to Captain Ron.
I am not bashing.
I am trying to understand the deal.
I have spent my entire professional career in this field and I just do not understand some of the terms of dealings.
I am asking questions.
You guys get so defensive about questions it makes me go ... HHHHMMMMMMMMMMMM
I have looked at the GGI site.
There is no mention of FCCN and their financial dealing with GGI or Aero.
I would have thought there might have been a tombstone on their website or at least a news report. But nothing.
How can you say that Aero will pay back the loans?
Are you the CEO of Aero?
The money could be long gone.
And the reason it is important is the GGI loan to FCCN and the conversion features on that loan.
The filings are not complete IMO.
Cant you read. The answer was YES
True. The FCCN loan to Aero would be converted into shares of Aero.
But .. what of the loan from GGI to FCCN so that FCCN could make the loan to Aero?
They have not been forthcoming in telling us the terms of that loan.
Already answered the question
Yes ... that means that FCCN can convert the loan it made to Aero into shares of Aero. No conversion price is given. I can almost guarantee you that the conversion price of that will be much higher than the $0.002 price that GGI got on its loan to FCCN.
I don t know if its a dead cat bounce.
It certainly is an overall down trend for the past month.
You are the one arguing with me with less information than I have.
What does that make you?
I have called Aero and Andrew.
I have been getting the runaround.
No one answers, really answers the questions.
There are many types of shareholders.
I happen to want to know the answers to questions.
I call myself a .... shareholder.
You assume way too much.
Just because I want more info I am a basher.
Just becasue I disagree with you ... I am not a shareholder.
Your information is wrong. Read the 8k that was filed.
Here it is:
In conjunction with executing the definitive agreement, the Company agreed to a revolving commercial loan to Aero in the amount of $1,500,000, of which $850,000 was drawn down on January 12, 2007. The loan bears interest at the prime rate and is due and payable in 18 months. Notwithstanding the payment terms, the loan and any accrued interest are convertible into Aero common stock at the time the share exchange closes.