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How about Johnny Walker Green…I don’t think I could take any more RED right now.
BTW…I was in a lobster eating contest several years ago. I finished second with shucking and eating 17 lobsters in 35 minutes. So bring your appetites.
Oars at hand and harpoon smoldering,
the battle of the deep gave up her fallen.
Triumphant upon one bended knee,
tending the embers of Neptune's cauldron,
Valkyries scour their emptied souls,
as I feast the flesh of fifty fathoms.
I have endured a consumed existence,
conquering the legions of King crustaceans.
In DD talks directly with GGI/La Jolla Cove, my understanding is that they were involved only to facilitate the merger with Aero…in regards to upfront funding. It was said that Aero was not in need of operational funding…so there wasn’t an expectation that they would continue to have a post-merger relationship.
Just the opposite…I bought more today at .014. I see this stock doing quite well. I have a post-merger view of this stock…not a day trader’s view.
I’m 48, but without much hair…I look 50.
Race weekend party in NH…
If the PPS hits $1/share for the Loudon, NH race by July 1st, I will sponsor a lobster feast for all posters that care to attend this event. This will be an all you can eat lobster event. New England hospitality will not be outdone.
The value of this company’s strategic management and marketing abilities should become quite evident once Aero is allowed to speak about themselves.
…Justin, NH
I don’t see the filing/PR on Monday. Once FCCN submitted the pre-14a, they had 10 days to file the Def-14a. This is a complicated and exhaustive filing. As I understand it, the SEC has been working diligently with FCCN to clean-up any filing issues. This process has eaten well into the 10 days. I would expect/accept the possibility of a slight delay because of the shear workload involved with this filing. Since I’m long and heavy at this point, a couple of extra days doesn’t’ really matter to me.
I’d expect some volatility if we don’t get the filing and subsequent PR by the expected day—Tuesday, but I’m not concerned; I’d rather it be successfully completed.
The escrowed shares are contractually reserved to guarantee the repayment of the 1.5M financing. The large amount of shares is do to the fact that the note was written and placed at a point in time when the PPS was about .002. If the note is paid in cash, then all of the escrowed shares will be cancelled at that point in time. If the note is defaulted or paid off with stock, the prevailing share price at that time will be used to determine the number of shares required to retire the note.
This means that if the PPS were to be $1 at the time of pay off, then only 1.5M shares would be released from escrow. The balance of the escrowed shares would be cancelled at that point and removed from the OS.
With the definitive 14a, a new record date for the stock should be established. I think we will find that the OS will be 140M for this new record date. Much of the increase will have come from CD instruments…but they may not show that level of detail in this filing.
Considering the 140M OS and the understanding that the exchanged shares with Aero will have restrictions, I’m very happy to be invested in Aero at this point in time.
Just the musings of an old duck hunter from NH…Justin.
But not old enough to join to Codger club.
I’m really curious where cdnkid10 found that information…please post a copy-n-paste with the link. This is the first time anyone has provided information about 24,418,485 shares short. Please post the proof.
The short interest listed on that site (shortsqueeze.com) is not very useful. The information is only valid as of the close of business on the 15th of a given month. That FREE site then updates the information for the next month…valid for close of business as of that 15th. Too much happens in between for the data to be useful to the pinkie crowd.
There are other websites that offer a fee-based service to report the short interest on a daily basis. It would cost $500 to $1K to buy that level of a subscription.
See everyone in Temecula…
…Justin, NH
Lacy…with two small kids and a compliance exam next month…I won’t be spending too much time on these boards. I’m only up tonight because the Starbuck’s maiden slipped me a large caffeinated this morning instead of a decaff.
As you can tell, I’ve bought into the AERO Company in more ways than one. I’ve evaluated many businesses in the past and have enough confidence in what I see to confirm my investment decision. Don’t get me wrong, I too feel the pain of this recent downturn. But I have the conviction to see past the short term fog.
Hope to see everyone at the shareholder’s meeting.
GL…Justin, NH
Shame on us for thinking that our short term gains were permanent. Where is it written that PPS increases are locked-in? Remember, momo works in both directions… that is until fundamentals take over.
Forgive me…but Mr P has his hands full for sure. I deal with federal regulators every day of my career. Compliance issues bear an unbelievable burden upon every executive and his organization. To me, it seems that Mr. P is following an appropriate strategy to get the merger completed.
I take another view on the transparency and honesty issues. Many at this board read the information as if it flowed from the mouths of babe.
EVERY TIME I called Andrew to confirm board stories…there were always minor discrepancies…minor and selective enough to consider the source. I’ve never had Andrew come right out and say that a PR or filing is due any certain day. To the contrary, as good as I am on the phone, I’ve never been able to pry anything out of him except what’s been already released to the public. He is a true professional in that respect. Ethics and SEC regulations prohibit him from disclosing any information in private conversations. When a press release comes out or a filing is made…he will then have a new information base from which to discuss. Until then, he can only parrot what the previously disclosed information has already stated.
Yes, we are down 70% form the peak. I am under water as well. But I really feel those peaks were artificially high…just like I feel the current price is unjustifiably low.
Further, I would argue that flippers are not shareholders. Without this merger, FCCN would still be scraping fish poop. Where is it written that Mr, P must keep shareholders advised on a daily basis…actually, the quite period prevents him from disclosing too much too soon. Would you like to jeopardize the veil of confidentiality and the deal…just to update the shareholders?
Set your sights on the closing…not the day to day PPS movements; unless of course you’re still looking at this as a pic-n-flip play. In that case, you’re on your own.
IMHO…Justin, NH
You’re right…he is require to inform us of the share structure. By SEC regulation, there is a defined period of time that they must do that. We will know very shortly when the definitive 14A hits the wire.
Perceptions of good/bad on the final OS-Float-Ratios will vary widely; we still need to focus on the closing. I’m not so sure that crying to Steven at every down-tick is such a good thing either. Let them do their job…ink the deal.
The latest filings and PRs starved the momo’s for fuel. Again, my read of the charts doesn’t show any significant dilution or shorting. I still maintain that one or several of the deep pockets decided to do something prudent…lock in profits. This started the downside momentum…with no one to catch the knife.
The price is low enough to force our reevaluation of the fundamentals. If the fundamentals weren’t solid…we wouldn’t be here having this discussion.
I’m in for the long haul…I like Aero…I like their progressive marketing and the brand they’ve developed. So few companies truly embrace the understanding that the “BRAND” is perhaps more important that the product itself. Aero seems to have both…a great product and a carefully cultivated BRAND. At this point, Aero could market almost anything and do well with it. The Aero name is Carte Blanche in NASCAR, which means higher margins, reduced marketing and distribution cost, and faster product penetrations. Overall, I really like the potential this company has to expand their market share, product lines, and penetration.
Putting aside financials and current valuations for a minute, one of the measures I look at is how innovative and progressive is management. Everything I see points to a very sophisticated and progressive marketing and management structure. This company didn’t happen by accident; they are here to make their mark on the world…a world of NASCAR, affluence, high margins, and high growth rates.
Sure, we took one on the chin over the past week; but the corporate fundamentals speak for themselves.
Bottom line…Aero sets the standards for the markets it plays in…that’s where I want my money invested. Sorry for the long post.
IMHO…an old and cantankerous duck hunter from NH…Justin
Gentlemen, I assure you that NHred is more committed to this stock than most anyone here…his wife knows about it and she said we can’t go duck hunting in the fall if this doesn’t turn VERY GREEN by Q2. To add insult to injury, his wife talks to my wife.
I think NHred logs more DD time on this stock than his day job. We are both on the phone with Temecula a couple of times a week.
The focus has to be on the merger completing…not the day-to-day swings in an extremely volatile, closely held float pinkie. The merger is where we acquire the “really” value in this deal…how ever it turns out.
The icing on the cake is that the shares to Aero will be restricted; whether the float is 56M, 76M, or 120M…these are all very favorable float numbers to be invested in considering what we know about Aero.
The shell clean-up process airs the dirty laundry first…then the good stuff comes.
IMHO…the long term value of this merger is well worth the short term volatility…grow some balls and ignore the day to day BS.
…Justin, NH
By carefully timed PR and SEC filings. The final exchange ratios will be determined at the closing…as per the existing PR and filing. It is in the best interest of the current FCCN stockholders to see the PPS increase before completion; we will have to trade off less stock to them for their stock. I’m sure Steven and Andrew know this and have a long list of meaty PRs and filings to accomplish this. The PPS will rise as we get closer to the final date.
On another note…I believe that we are seeing the exit strategies of the momo players moving this stock; my read of the charts doesn’t highlight any significant dilution or shorting. Some big players grabbed some 10 and 20 baggers and took profits off the table…this started the ball rolling downhill. Now that we are oversold…it’s time to buy back in…OMHO.
All is moving forward...we will have a nice position in a company with triple-digit growth rates and 75% gross margins.
I agree, it's time to check for PRs and filings everyday...AND THEN IGNORE THE BOARD.
…Justin, NH
Great job with the DD on share structure. I read all the emails you sent and I think the old share structure will hold, with a few MINOR adjustments, once they file the Definitive 14a. I think it's just a case that Andrew doesn't know all of the facts...if it wasn't in an earlier PR or SEC filing. He only knows what is put on his plate.
Please give me a PM so we can discuss further.
MTG…please give me the case info, my Pacer account is still active.
Thanks…Justin, NH
Stockholders meeting, is there a firm date yet?
I for one will be going to any upcoming stockholders meetings. I’d like to meet the officers and consultants involved; they directly influence the value of my Roth IRA.
Temecula is real nice community and not far from Palm Springs. I hope everyone else will be there as well. We should have a special breakout session just for I-Hub investors. I’ll buy a round for everyone, especially my friend NHred.
…Justin, NH
Where can we verify the short position in this stock? All of the sources I look at indicate that only “6 shares” are shorted. The trading looks like a short…or a dilution.
TIA…Justin
Where have the short sales come from? When I read past the first paragraph on pinksheets.com about the 13-day open short position, it sounded significant. Then, I read the entire article; in the 7th paragraph they specifically say that “6” shares have been shorted…for that 13-day period. I don’t think that covering 6 naked shares will cause a short squeeze.
However, wearing my TA hat, I see this stock peaking at .18 and settling at .14 today.
IMHO…GLTA
Please put that display model back on eBay. I think it would have been fair to let the auction ride and not use the buy-it now option. If you put it back on eBay, I’ll open the bid at $200.
…Justin
They didn’t fill my order near the close. I placed an order near the close at well above the market…and they didn’t fill it.
What gives?
Expired OrdersStatus Symbol Action Qty Order # Order Type Order Price Duration Qualifiers Order Time Session
EXPIRED FCCN BUY 55000 XGD****** LIMIT $0.052 DAY None 1/11/2007 3:59 PM Regular
Thanks, I better start loading my Roth IRA. I’d hate to worry about paying taxes on these gains. This PR piece sets the foundation of where and why this started.
GLTA…Justin
Please post the link to this Information.
Thank you...Justin
I was a bit of a Nervous Nellie until a couple of days ago. During my extensive DD,
I spoke with an 18-year+ friend that recognized Mr. Peacock’s name immediately. She subsequently filled me in on the details of her memory.
She worked for a biotech firm in MA for several years. She said that Mr. Peacock’s affiliation provided the VC base and future fundings for that organization. Personally knowing someone that actually had a professional experience with Mr. Peacock (completely unrelated to FCCN) seals the deal for my DD.
BTW…this good friend is very upset that she is prohibited from purchasing this stock as she is a stock broker herself.
I bought in last week…and I will continue to add shares as my funds become available. Additionally, I know I’ve brought at least six people to the table over the weekend.
BTW, I know GM and Ford have minimum standards for their venders. They wouldn’t be developing a relationship if Aero wasn’t solid enough to meet those standards.
To me, the longer term value is the broader penetration into the OEM markets…domestically, but more important, internationally. Thinking strategically, these products have the ability to reduce oil dependence; there are many countries where this is a priority for them.
To me…this isn’t a pink sheet trade; these shares will go and grow with me for a long time. JMHO
TIA…Justin
Please understand that I have no insight into fundamentals or TA. I’ve never looked at WAVX’s financials, nor would I understand them. Besides end user passwords, the integrity of the HW platform has been the weak link for quite some time. I like this company because I recognize that the TPM initiative plugs MANY security holes if properly implemented.
My guess is that adoption of this next level will be slow out of the gate; we just don’t have enough qualified Admins to implement and support this structure. This fact alone may suppress revenues for a while.
Additionally, I don’t think CIO’s are going to go out and scrap a productive asset that isn’t completely secure because of recent INFOSEC developments. My comments about the 2010 date stem primarily from the typical refresh cycles and business drivers that influence funding decisions. I deal with regulators and auditors frequently; they are quite content to know that I recognize the issues and have placeholders on my strategic plan to address them in the future.
My EVP and CEO still look at the numbers first. The second metric for them seems to be whether or not the old HW or SW still has some residual book value.
For me, I’m at a point where funding for projects isn’t a major constraint; I don’t have the talent nor man hours available to implement them. The other major constraint is trying to implement all these projects without disrupting our current business flow…this is the most challenging of all. These soft costs typically far exceed the CAPEX of anything we implement at the desktop.
Speaking to future revenue growth, I think we are seeing the mere tip of the iceberg over the next three years. I plan on investing in this technology because of the paradigmatic sift that I see. I suspect that soon, you won’t be able to purchase a PC without a TPM in it. I further suspect that you won’t be able to install future OS’s unless there is a TPM on the PCB. Both of these concepts where discussed very seriously for a couple of hours at that SANS conference.
It doesn’t take much imagination to see that we are being pushed down the path of globalized DRM. The TPM will allow DRM to be controlled right to the endpoint…no matter what platform it is. One day soon, we will wake up to a ubiquitously connected world that will only function...FOR YOU...if you have paid your license fees...end game.
...Justin
My duck hunting partner called me up two weeks ago and convinced me to put a few bucks into FCCN. I’m new to both boards and penny stocks. I happened upon the WAVX page just a couple of hours ago and thought I could lend some meaningful comments.
Besides Michael Wellitt speaking at length about their products and technology, Seagate also conducted a more in-depth “lunch-n-learn breakout session”. A standing room only audience of about 100 packed in for an additional hour of one-on-one with the engineers. I have a fairly good HW background, so I kept them right to the end with a few questions. I was genuinely impressed with the product. I believe they had a contingent of six or seven people for this event.
In addition to the daytime event, Seagate also sponsored a hospitality suite after the event was over the first night. They were too busy and loud for me…I just wanted to get to my room and call my kids.
All of these individual developments in security are really great…but they need WAVX to bring the synergy to the table. Encryption’s (of any flavor) big challenge in the enterprise at this point is the key-management side of the house; this is where everyone seems to fall short. They all know it…so it won’t be long before this issue has matured into another costly rollout to train and budget for. My guess is that it will take about two years for this by resolved, tested, and deployed.
I have GLBA, SOX, and BSA mandates that keep me up at night. Even though I have Thinkpad T60 laptops deployed, I plan on retrofitting drives on all of them ASAP when this production is available for general distribution. I can’t use some of the BIOS level security as it doesn’t play well with some of my required applications.
Some of the think-tank projections point to Q1-2010 as the point when 80% of deployed PCs will be fully operational with TPMs, TPM aware OSs, and TPM aware applications. This seems a little statistically aggressive considering typical refresh cycles in medium and large businesses. Security is important…but to the many of the entrenched decision makers, if it isn’t broke…don’t replace it. Many Boards just don’t understand the relationship between static HW platforms suffering SW bloat and the marginal impact on productivity.
It’s getting late…more tomorrow or Monday. I still want to read through the FCCN board tonight.
TIA…Justin
I went to a SANS (SANS.org) conference on Laptop Security and HHD Encryption just outside Washington DC last month. There were about 500 attendees…each paying about $4000 in total expenses to attend. The presenters where all DOD and F500 type companies. The NSA had one gentleman there, but he could only read from a sanitized and prepared speech…basically saying nothing useful considering the level of the audience.
The entire two-day conference was foundationally centered on TPM interoperability and FDE. WAVX was the unifying technologies (AKA…middleware) that made this all work together.
Seagate also had a contingent of engineers and management types talking about their new line encrypted HDDs. They did indicate that the FEDS where taking all current production until Q1-07. There was a lot of concern and questions because these drives are mfg in China; but our NSA presenter did indicate that they were now buying only HW encrypted HDDs…but couldn’t come out and tell the name of manufacturer directly. Now of course, the Seagate model is the only one on the market with the attributes that he described…as he smiled and looked at the Seagate representative off to the side of the room.
We are now entering an era where we can properly authenticate the user as well as the platform. One of the biggest problems I have in handing out VPN access is that I haven’t been able to guarantee the platform on the other end of the tunnel; with TPM , WAVX, and FDE…I now can.
I also met representatives from WAVX this past summer at a New England Information Security Group meeting (NEISG.org). These lectures are held every third Thursday in one of the Microsoft presentation rooms (6th floor-6:30PM) in their Waltham, MA offices. They were the featured security presentation for the evening. An archive of their presentation is located at the NEISG website.
TIA…Justin