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MTG ... have you ever heard a story from management or otherwise that you did not believe?
You accept their explanations so easily and then start pumping again.
Never a negative comment from you.
Something wrong with this explanation.
Why are the shares in GGI's name?
How do you get them from GGI's name to all of the shareholders of FCCN?
Sorry ... bogus explanation to me.
I am in and trying to figure out what price I should be getting out at.
When you issue out restricted shares they are issued out in someones name. They dont get put in an escrow account per se.
They get stamped with a restrictive legend that can only be removed after certain conditions are met.
but for Aero to get up to 95% of the stock they have to issue up to 18 billion shares.
So that really messes up the math.
30M / 18B = $0.0017
PE ratio of 10 puts the share price at $0.017.
Right about where it is trading right now.
Tomorrow it goes down again.
My crystal ball says it closes at $0.011.
Too many stories about how that big block of GGI shares got issued.
Something is wrong. Just not enough info to put my finger on what.
if you were GGI would you just let shares you paid for disappear?
And if because of a rollback your average cost per share is $50 and the stock trades at $10 ... doesnt that concern you?
Do you not get that post-merger you could be rolled back 100:1?
Again ... no facts.
There are already 900 million shares outstanding.
You want AERO shareholders to only get 100 million shares.
And my friend ... if AERO had $50M in earnings after tax.... they would be one hot IPO. They would not go this route.
This is going to take as long as an IPO and with those earnings .... they would come out at $25 a share minimum.
Methinks your numbers are a mess.
Wishful thinking.
Dreaming in technicolor.
You are absolutely wrong.
"The share structure does not matter if you are going to hold for 6 months".
What is the share price now supposed to be based upon?
If not what the ROI that AERO will bring in terms of earnings as a percentage of o/s shares ... then what?
Ok.
I assume earning after tax of $5 million/year and outstanding shares of 6 billion.
Therefore ... 2,000,000 / 6,000,00,000 * 10 = $0.008/share
Ouch ... we will continue falling to subpenny.
Nice math ... but you might as well say earnings are $1 billion a year.
And you dont use the right number of shares outstanding, not even enough for the FCCN shareholders even before the shares that have to be issued to AERO shareholders.
What were you smoking when you posted?
"everything is still in place"
Whats in place?
Do you know the number of issued shares?
Do you know the float?
No you do not.
So .... I ask again ... what is in place?
A deal that we dont know if it can be consummated because of the uncertainty of FCCNs outstanding shares?
I must be the third person SG has responded directly to!!!
Lets have a party!!!
I'm in the money!!!!!!!
Could it be that the 700mm shares to GGI was for the $1.5 m loan? That would be about $0.002/share back when the stock wasnt trading.
thats where you belong small guy.
On the moon ... the dark side.
The side where the aliens have the secret base we cant see.
You and Ruffie and Jazz can go there and CLEAN UP !!!!!
There are too many variables in this deal for it to be a success.
The biggest unknown is .... what really is the float?
How many shares really are outstanding?
I could care less about the authorized.
FWIW I like AERO. I would invest a mint in AERO.
But this my dear posters ... its not AERO.
And it may never evey have a piece of AERO.
You are absolutley right penny.
How can you do DD and invest in a company in which you do not know the float?
Yeah jazz .. thats what we need ... a felon at the helm.
IMO
Your math is good but a term of the agreement has been broken already if what you say is the case.
95% of 5 billion is 4.75 billion and they cant deliver that many shares given the number of shares already outstanding.
Talk about not negotiating in good faith. 95% of share capital wasnt available when they signed the deal. That is a misrepresentation and that usually can render a deal null and void.
if you own 95% of the stock and its trading at $0.01, just roll it back 100:1 and you have the $1.00 per share price you describe.
Your interview with Andrew is confusing.
On the one hand he says the 780mm are in escrow.
Then he says that they could be selling them. Which means they arent in escrow.
Which one is it????????????
Sorry you cant claim compliance with SEC regs as a selling point for Aero doing the deal with FCCN.
they are working towards it but there is no guarantee that compliance will be reached.
math doesnt work.
currently almost 900mm outstanding.
so 900mm / .05 = 18 billion
the price per share will be rejigged by virtue of the rollback and will likely be based on the fundamentals that Aero represents. But that is after the merger is complete.
Right now ... FCCNs share price is emotionally driven by followers who WANT the a winner.
Current share prices do not reflect reality.
Are you serious?
GG put up risk capital and for that received shares at the then going rate.
How do you propose that their shares be taken away?
There may be a negotiated deal with GG and FCCN participating in order to reduce the rollback that will be required.
But there will still be a big rollback in order to get Aero the 95% as per the agmts.
But what if the average cost of your shares after dilution is $100/share and Aero trades at $5/share.
i.e. a 95% discount
Very good.
People are finally starting to realize that the dilution will be 95%.
FCCN just wants to complete the deal ... at any cost.
IMO
I am surprised its not up to 99%.
FCCN has nothing except it is a shell.
Still .... 95% dilution.
its like cutting off all but one of your fingers.
and the PPS is crashing now as the terms become known and the dilution factor starts to sink in
but the GGI situation created a massive dilution to all FCCN shareholders by virtue of the fact that after the merger AERO shareholders must hold 95% of all FCCN stock
EPS will be terrible
these are only reported shorts.
Does not include naked shorts that the MMs just move between themselves.
when your 2 cents gets diluted 95% in order to make the deal happen .... then you may think differently
only 1.7mm shares short.
Thats about one hours trading.
You have an ace up your sleeve?
Hmmm ... sounds like insider trading information to me.
if Aero is so high cash flow and so rich why did they need to borrow $1.5 million from FCCN?
OK lets do some math.
Issued shares now - 900 million
Aero get 95% of issued shares.
If they issue new issued shares to accomodate this then -------> 900,000,000 = 5%
So Aero gets 900mm / .05 = 18 billion shares
HMMMM
There are only 5 billion common shares authorized.
This is going to be diluted or roll back my friends.
BIG TIME
Terms terms what are the terms.
95%.
That means 95% dilution.