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TalRob0
Well I hope he satisfies the curiosity you have about that, but like I said rob, it is what is put out publicly that counts.
Even if they were no reverse split ever you have an A/S that is 5 Billion shares rob and a company that does not make much money and even the PR today about Dr.Gas that company only made about $500,000 so how is this merger going to happen rob?
Answer, selling of shares from the company to fund operations and these little mergers if they happen, and what do you think that is going to do the pps rob?
It is called Dilution which drives the PPS lower rob, this is not rocket science, if the company is not making money then they will be dumping shares on the market, do you think they did this merger so the investors could get rich? or do you think they did this merger so they could have another source of revenue?
even if no R/S were to happen, the fins are still horrible and the A/S on this company is huge, so expect dilution and then expect a R/S as stated in the 8K, I do not believe the postings of people saying andrew said this and that, people are desperate now and many are selling and will say and do just about anything to recoup losses.
That is not what is displayed in the 8K and I would be very cautious about believing someone posting information about what someone "Said" here, the 8K stated they intended to do a reverse split as soon as practical and they also stated it was going to be a substantial reverse split, so until the company puts out information publicly stating otherwise then I would rely on what is in the 8K before believing someone on a chat board who says they spoke to andrew. Be careful.
Why would it not be Practical? cant they just increase the size of the reverse split? instead of 1/100 make it a 1/1000, that is just an example and I am not an expert in this arena but I believe the company could make a reverse split work in their favor no matter what the current PPS is, you also have to consider all the money they could be making by dumping the rest of the A/S on the market, are the printing presses on full speed right now?
I seriously doubt the company is suffering due to the drop in pps right now.
It looks like they are in a big hurry to max out the A/S and execute the R/S as soon as "practical", this could be a record volume day and I do not think you have seen the low for the day yet, it will not surprise me to see this closer to .0050 before the closing bell sounds.
Richandpoor
And could you please detail what those revenues look like? I am guessing it is nothing significant, probably less than what Aero made last year.
As I suspected, we now have multiple PR's attempting to mask the bad 8K, as I thought earlier this will not stem the tide, not solid enough or enough substance to overcome the bad revenues and pending reverse split information in that 8K.
A couple things stuck out on this mornings PR, how are they going to pay for that acquisition should it ever happen and what revenues does Dr.Gas have? are people going to speculate they are huge just like they did with Aero only to find out later they are a struggling little company?
My guess is that if they were doing fine financially they would not even be entertaining an acquisition. And those specialty shops for racing are seasonal and have much competition in the nascar arena, do you think the nascar drivers pay for those exhaust systems or do you think the nascar teams get a majority of the products for free if the driver slaps a sticker on the car advertising that company?
What you have to look at is what is the market to the masses from Dr.Gas? This PR will result in absolutely nothing to those looking at the big picture, now if they were acquiring say a chain muffler company like Midas or something then that would be something to cheer about.
I expect massive selling and a pending huge reverse split, that is what is on tap for this company in the near term.
roheex
Thank you for pointing out that little detail which was not disclosed.
As I suspected, we now have multiple PR's attempting to mask the bad 8K, as I thought earlier this will not stem the tide, not solid enough or enough substance to overcome the bad revenues and pending reverse split information in that 8K.
A couple things stuck out on this mornings PR, how are they going to pay for that acquisition should it ever happen and what revenues does Dr.Gas have? are people going to speculate they are huge just like they did with Aero only to find out later they are a struggling little company?
My guess is that if they were doing fine financially they would not even be entertaining an acquisition. And those specialty shops for racing are seasonal and have much competition in the nascar arena, do you think the nascar drivers pay for those exhaust systems or do you think the nascar teams get a majority of the products for free if the driver slaps a sticker on the car advertising that company?
What you have to look at is what is the market to the masses from Dr.Gas? This PR will result in absolutely nothing to those looking at the big picture, now if they were acquiring say a chain muffler company like Midas or something then that would be something to cheer about.
I expect massive selling and a pending huge reverse split, that is what is on tap for this company in the near term.
Friendofbuffet
Interesting second post ever on investors hub and in the middle of the night no less, I just wanted to comment on the R/S where you stated some here were "WARNING" of it?
The only people that warned about it is the company, they put it in the 8K, no one here made that information up, the company said they are going to do a substantial reverse split and as early as practical, those are the words from the company.
So you can choose not to believe it because you say you know somebody who might get upset about it because they supposedly own 10% etc. but you know as well as I that probably wont curb the decision making process of the Aero Execs. and of course none of your information can be substantiated anyways, I would think the information in the 8K is probably a little more reliable source of what is going to transpire in the near term than the he said she said of people here.
Dr.Wonderfull
I think Hunsaker wants a fresh start, if you noticed not one mention of FCCN on the companies website, they put out the bad 8K and stated they are going to have a substantial reverse split as soon as practical, now do you honestly think they want that hanging and looming for an extended length of time?
I think they will want a fresh new ticker symbol and new share structure ASAP.
We will see soon enough but I would tend to believe the wording in the 8K before I would hedge my bets on what people are speculating here.
Tallrob0
I disagree.
DR.WONDERFUL
"R/S probably won't happen for quite some time"
According to the 8K they plan to execute the Reverse Split "as soon as Practical" so it appears the company disagrees with you.
Tuscanykid
Not really interested in what you will be posting as I and others already know what the company policy is, (We Know the Answer). Dead Issue.
mastflash
You are correct, or that is what transfer online told me over the phone as well, and of course it is FCCN's choice of who they have as a transfer agent. Choosing one that will not give out information is not very shareholder friendly and usually ends up always resulting in dilution from what I have seen over the years.
Loanstew
That is a very descriptive and accurate assessment of the situation here.
Jim Bishop
Thanks for the Education on that item, it's a good day when you learn something new. I think they will execute that reverse split at the earliest time possible so if Tuesday is the earliest then I expect it to happen at that time.
Tuscanykid
"Now your saying the Transfer Agent won't have up to date #'s for us..."
That is correct, if you take the time to call the transfer agent they will tell you it is their policy not to give out any information, and had or has nothing to do with the company releasing an 8K.
On another note I have done a little digging here, 3 form 3's were filed after the 8K which I am sure most are aware of, here is some more information on Mr.Traveller.
Shane Traveller
http://myway.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=2805024
Tuscanykid
The 8K did disclose the share structure, but that does not change the fact that the Transfer Agent is still gagged, you know what the shares are today, but you will not know what they are this time next friday because you will have nothing but dated material to reference the share structure at that point.
I hope you make out on this one o.k., but I do not hold the same optimism that you do, I expect the PPS to drop a minimum of 50% when they execute the reverse split which I think will take place tomorrow.
Valorie
The 8K was already released and they do not have all those outlets you described, take some time and read the 8K and you may want to edit that post, you are a little behind the curve at this juncture.
Tuscanykid
"I'm happy to see the TA is not gagged...."
Are you referring to FCCN's Transfer Agent? Because if you are then you are misinformed, the Transfer Agent is Gagged and will not release any information, I called myself last week and they refer you to the company.
Soldier Hard
If people want to speculate on what the Reverse Split numbers may look like that is perfectly fine with me, I saw many people speculating on Revenue numbers that were not even close to what the 8K showed.
I saw many people speculate on what the PPS was going to be after the merger PR, they said $5.00, .50 etc, and I did not see you objecting to speculation on those subjects.
It is perfectly fine for people to speculate on what a reverse split may look like here, you do not have to agree with that speculation but everyone here is entitled to his or her opinion and you should respect their right to post those opinions here, this is a financial chat board is it not?
NHred
Predictions and opinions do not get people in trouble NHred, this is the U.S.A. not IRAN or North Korea.
And I do have a correction to make, the wording in the 8K was "substantial" not significant, my apologies and here is what Aero put out in the 8K, it looks like they want to do a huge reverse split and do it soon.
"it is the intent of FCCN to restructure the common share capital of FCCN as soon as practicable subsequent to the “Completion” (as that term is hereinafter defined) by effecting a substantial reverse share split"
NHred
It is not insider information, just a guess on my part, I do not think they had any delays in reviewing the 8K or submitting it, it was calculated and planned to release the 8K on a friday AH but only once they had set everything up for reverse split.
I will be shocked if this does not have a new ticker symbol monday morning.
NHRED
The 8K specified a "significant" reverse split, we can only speculate when that will happen and if you want to think that the word significant used in the 8K means a small reverse split then that is your choice.
I define that as a large reverse split as do many others here, you will find out soon enough what Mr.Hunsaker's definition of that word is.
I think that when this does do a reverse split (monday) that the Price Per Share will drop at least 50% if not more because of the 8K and they will attempt to prop up the PPS by releasing some fluffy PR's but I do not think that is going to help.
Soldier Hard
He is talking about a big reverse split because that is what it says in the 8k, did you read the part where they said that their intention is to execute a significant reverse split, no one is making this stuff up soldier hard, it is right in the 8K in black and white.
I would guess that the delay in putting out the 8K was so that they could have the Reverse split all lined up, and I am guessing you will see that happen on monday morning, perfect execution on the part of peacock and hunsaker, put out the terrible 8K after hours on a friday and reverse split it monday morning, text book.
New ticker symbol coming and then you will probably see some press releases follow shortly thereafter attempting to cover up the bad 8K.
Thank you, got out in the nick of time.
I agree
and
"it is the intent of FCCN to restructure the common share capital of FCCN as soon as practicable subsequent to the “Completion” (as that term is hereinafter defined) by effecting a substantial reverse share split (the “Reverse Split”), the specific terms of which will be decided by the post-Completion Board of Directors as then comprised"
Looks like unpaid balances to the new ceo carried over.
"The Company has a note payable to Bryan Hunsaker, Chairman and Chief Executive Officer, in the amount of $194,063. The note is payable on demand and bears interest at the rate of 8% per annum. The note represents the balance owed for unpaid compensation from 2002-2005. The receipt of the cash and the creation of the note was approved by Aero’s then-Board of Directors and represented the Board’s view of a fair and arm’s length transaction."
Who was posting that Aero had like 28 warehouses?
"Facilities and Logistics
Aero is headquartered in Salt Lake City, Utah and occupies a 2,480 square foot leased facility. The office is divided among the Company’s various disciplines: management, finance, customer service, sales, marketing and customer service, with 20% of the available space dedicated to inventory. Rarely does the Company ship product from this location; however sales staff does keep high volume units available.
Aero receives product via a port in Long Beach, CA and maintains a 5,898 square foot inventory and distribution warehouse in Westminster, CA. The warehouse is staffed with a manager and several contract laborers whose numbers increase or decrease depending on the size of shipments. The warehouse manager is in charge of receiving and shipping merchandise as well as keeping Aero management abreast of inventory levels. The existing lease expires November 30, 2008."
"the shareholders of Aero presently control approximately 65% of the total issued and outstanding shares of the Company"
napolm
It goes back to the buy on rumor sell on news theory, the anticipation was at its highest level in some time, the PPS reacted accordingly although on a very small level considering the news.
If that was going to be a very good 8K I think the Price Per Share would have been much higher than what it closed at, I will read the 8K when it is released and also read others comments on it.
I am guessing there is going to be some pretty upset people when they read the details.
Yes I did, just a gut feeling that 8K is not going to live up to expectations, had the CEO stuck around and the other 3 Officers who resigned then I would have not sold, had the PPS gained significantly I also would have held even with the departure of those officers, just a number of things that did not sit well with me.
We will see if the move I made today was the right one or not soon enough, the 8K after it is gone over by many here will pretty much tell you what to expect on Monday.
I can here the excuses now and I can here the explaining away of how this is a new company and how they have a foundation etc. but that is not going to help anyones investment here next week, couple that with a Reverse split that is most likely going to happen and my guess is most people will be totally wiped out.
These are just my opinions and I would not have gone into the details of why I sold but since you asked that is what I think is going to happen should the 8K get released.
Well I sold all of my position in FCCN today, I took a loss but after watching how things unfolded here I think what I got today is going to be significantly higher than anything next week or in the near term.
I hope the 8K is released today and I hope it is better than I expect it to be, if the PPS would have gapped up and held a PPS higher than .03 I would have held as that would have told me the insiders were buying and telling all their buds about it, it did not and I think had there been another half hour in the trading session that this could of gotten real ugly.
I am glad it held the small gains and I wish everyone luck on monday.
ajcmstocks
Yes I may have given to much credit, and thank you for the private messages, I agree with just about everything you have stated so far, I can not respond via those Private messages but do appreciate getting feedback from you.
Very disappointed in Mr.Hunsaker and mostly Mr.Peacock at this point, he has let us shareholders down big time and that will follow him if the company does not follow through on what peacock said before he bolted for the door.
His name is still all over this one and he is accountable in my eyes.
mrbojangles
"We have two Aero private shareholders saying their shares are in the process of being converted to FCCN stock."
And I hope that information is accurate, really I do, but keep in mind mrbojangles, they are just posts from people on this site, and not proof that any of that is transpiring.
I do not believe 75% of what I read on these boards especially when it comes to penny stocks, and I definitely do not take the posts on these boards as a good form of DD, they have proven time and time again to be very misleading and or not very accurate, those people could not own one share of aero or fccn for all you know. just keeping things in perspective mr.bojangles
richboy1
I can go back the last 8 days here and see posts just like the one you posted saying the 8K is coming out on that day, or AH (after hours) etc. and here we sit with nothing and now the PPS is in the .012 area, and dropping, hardly an indication that anything is on the horizon, let alone a good 8K or 8K at all.
Pietro
"Im interested in what he told you......."
Probably the same thing he told everyone else, would not commit to a time frame or date on the release of the 8K.
which legally he could not anyway, that information needs to be made public via a PR, which we do not have, the company has not committed to a date of releasing the 8K and for that matter has not committed to releasing one at all.
We sit and wait as the PPS drops day after day, kind of sickening if you ask me, if no PR stating when this 8K is being released or the 8K itself by 2pm today then I will start making some phone calls, did not want to go that route but I guess if that is what I have to do then so be it.
Richandpoor
"The filings on Edgar clearly show that the majority of the A/S are restricted"
Where in my post did you see me even discussing what was restricted and what was not?
I simply stated the A/S is 5 Billion shares and someone asked me where I got that information, I posted the information and it is a fact that the A/S is 5 Billion shares, what portion of that is restricted was not the topic of discussion.
Pietro
Yes I spoke to andrew at one point, why do you ask?
Pietro
Yes I spoke to andrew at one point, why do you ask?