Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LoanStew,
And also don't forget, the 100,000 Aero Preferred A shares can be sold at any time to anyone. Who knows where they might wind up...... maybe to a friend and neighbor of Geddes.
knowles,
How much money did Aero get for 'selling' TTR HP from Flo Co????
Mr Geddes, and everything about him, is VERY pertinent to Aero discussion as follows:
1) Mr Geddes is the sole managing partner of Flo Co, LLC according to the State of Utah where Flo Co is registered.
2) Flo Co, LLC was paid by Aero Performance Products to take Aero's only asset, TTR HP, aka, Aero Exhaust off their hands. Part of the deal Aero gave 100,000 Preferred A shares to Flo Co. Each of these preferred shares are convertible to 33,333 shares of Aero Common stock. This in effect gives Mr Geddes potentially controlling interest in Aero Performance Products.
3) Mr Geddes is up on felony fraud charges in the State of Utah on another issue.
4) Mr Geddes is a friend and neighbor of one Shane Traveller. Mr Traveller was formerly CFO of Aero until he was forced to resign as part of a settlement with the SEC on stock fraud charges on another issue.
All of the above are on the public record
Mr Geddes and Flo Co's ties to Aero, and other associated people, are a VERY important matter and should be an unrestricted part of the discussion on Aero.
fourkids,
First you say: "to say nothing of the *FACTS* that gruber is the co. that does the q's .. for aero"
Then you say: "gruber still
peruses and signs off of
each filing"
We all know that Gruber ‘signs off’ on the Q’s.
The issue was who prepared the Q’s. You first stated that ”gruber is the co. that does the q's”
bigEZfor3 challenged that statement as being inaccurate and asked you who you thought prepared the Q’s.
Well.........
bigEZfor3,
Looks like Bryan Reuel Hunsaker has his pre-trial hearing on Monday morning, May 11, 2009....
PRETRIAL CONFERENCE DRA 081402981 Other Misdemeanor
DRAPER CITY ATTY:
VS.
HUNSAKER, BRYAN R ATTY: NAKAMURA, BLAKE A
OTN: DOB: 02/28/1972
MA - THREAT/USE OF DANGEROUS WEAPON IN FIGHT - 11/15/08
MB - THREAT AGAINST LIFE/PROPERTY - 11/15/08
rainman99pa...
"We have been to those levels several times in the past 3 years..."
However, NOT with around 3 BILLION shares outstanding and NOT with the debts and lawsuits in place. Remember there are absolutely NO ASSETS now with the latest 8-K
fourkids,
"if there is a nss pos
in aerp <and i certainly
believe there is a fairly
substantial one>"
Would you care to hazard a guess as to what the OS number will be when the Q is filed???
My crystal ball shows at least 900 mil shares have been added since the last Q already.
hemi345,
"if we can sneak out a run to the 30cent mark"
Lets see.........
That results in a market cap of almost $1 bil.
BWAAAAAHAHAHAHAHAHAHA
fourkids,
"curious .. has the dd
been done on how jones
comes to market?"
First the mantra was how 'Aero comes to market' as being the savior for this company. Now that it is totally apparent that model has been a disaster for Aero resulting in declining sales Q after Q, among other things, the new mantra is 'how Jones comes to market.
Please tell us just how this 'new' mantra will make any difference.
BROADWAY10,
Aerp Performance did NOT "sell TTR HP to Flo Co"
They paid Flo Co 100,000 Aero preferred A shares, convertible into 33,333 shares each at ridiculously low prices of approx $0.00005 per share, amounting to 2.611 BILLION shares of Aero common, to take TTR HP
Nascar Lawsuit against Aero/TTR HP...Trial Date set!!!.....
Oct 19th, 2009!
http://www.clerk.org/cm/case_inq/event_tab.jsp
Keep Checking this folks.
Click on the Link..............
http://www.clerk.org/cm/publicrecords/publicrecords.jsp
Click on Accept at the bottom of the page...
The enter the following case number..............
2009 30033
10/19/2009 09:00 AM Non-Jury Trial Graham, Richard S. City Island Courthouse
Agent1107,
You would have to get the Aero share info from the GAGGED transfer agent.... good luck. LOL
Agent1107,
As of 4-21-09 Geddes is listed as the sole managing partner of FLO-CO, LLC........per the State of Utah's division of corporations.
Will check to see if there are any updates on that situation, re: Richards.
BROADWAY10,
You forget one VERY important thing. The 100,000 Aero preferred shares that are convertible to 33,333 common shares each at various prices can be SOLD at any time. Flo-Co may not keep them and whomever buys them will be in total control.
Houston, we have a BIG problem.....
There are 2,970,378,822 Aero shares currently issued and outstanding.
There are exercisable warrants for 2,611,000,000 Aero common shares.
2,970,378,822 + 2,611,000,000 = 5,581,378,822 Aero shares.
Hmmmmmmmmmmm.....
The authorized share capital is only 5,000,000,000
Reverse split is most definitely on the way.
LoanStew'
The wording in the 8k is most certainly information everyone should have access to:
http://www.sec.gov/Archives/edgar/data/1160598/000126246309000038/0001262463-09-000038-index.idea.htm
As the 8k states, the conversion ratio that the control position in AERP has given away in return for Flo-Co assuming TTR's debt...... The total warrant conversion amounts to 2,611,000,000 shares of Aero common stock over the next fifteen months at ridiculously low prices of approx. $0.00005. The 2.611 billion shares amounts to not only the control position but represents a MAJORITY position on a fully diluted basis as well.
And per the 8k the preferred shares can be sold to ANYONE.....so at this point a BANKRUPT, Gregg/Gregory/Greg Geddes who is facing felony fraud charges, is the new big cheese in Aerp-land by virtue of the fact, that on a fully diluted basis, he has a controlling interest of the common shares.
Agent1107,
"Who's Flo-Co?"
Flo-Co is the 'NEW" company that Aero Performance Products PAID to take TTR HP, their only asset, off their hands, and,......Gregg Geddes is Flo-Co, LLC and he is currently embroiled in an open chapter 13 bankruptcy per court records. His 'financial statement of affairs' and his asset statement shows virtually zero cash on hand and virtually zero real property other than the clothes on his back and an automobile he is tanked in.
But guess what??...It doesn't matter since the Aero Performance Products Class A Preferred Shares, complete with warrant rights can be SOLD to ANYONE per the 8k it makes no difference that Geddes is BANKRUPT......the Class A shares complete with Warrant rights will find a home....maybe a neighbor will 'take them off his hands'....hey....wait a minute....isn't Shane Traveller Geddes' neighbor? You bet!!!!!
What a mess!
StocksXpert,
Lets see....... what are the real FACTS......
"The company is still open for business"
The only functional part of Aero Performance Products, TTR HP, has been given away to Flo-Co. Also, the Aero local phone number is "Not in Service" and the Aero 1-877-COOL FLO phone number is being answered by an answering machine as "Performance Exhaust Products", David Richards new Company.
" There is still a building"
True but there is a realtor key lock box on the door and it is up for lease.
"business is running as usual"
The 'business' is an empty shell with no one "going to work 9-5" except maybe Hunsnaker
Well fourkids,
The 8-K certainly dispelled your NSS theories. It turned out to be
nothing more than D I L U T I O N
well tree man,
Looks like at least 185 mil NEW diluted shares added today ---- so far
DERBENSKI,
Yeah, seems like we have been thru this before. LOL
Aero's course they have chosen will wind up disasterous to many.
LoanStew,
Those warrants become immediately exercisable.
"In addition, in the event of a recapitalization of Aero’s common stock by means of a forward or reverse split, all of the Warrants will vest immediately."
They are not affected pricewise as they are directly tied to the preferred shares that have been issued and the preferred shares are not affected by any common split, forward or reverse.
BROADWAY10,
When that happens (BK of Flo-Co) the trustee will be appointed by the court. And I'm sure whomever that is will be flooded with documented info as to what has happened here.
BROADWAY10,
Aero a 10-15 million dollar company (revs) --- ROTFLMAO
Aero gave away their ONLY source of revenue.
Looks like the market is not really at all impressed with this 8-K. Most see through the smoke and mirrors.
randangie1,
Looks like it already has gone higher by 716,667,000 restricted shares, which will eventually hit the market aslo.
tree man,
Read my post #154619. Those numbers are right out of the recent 8-K filed yesterday.
tree man...
"the authorized common share capital of AERP consists of 5,000,000,000 shares of common stock (the “AERP Common Shares”) of which approximately 2,970,378,822 shares are currently issued and outstanding"
That's an increase 374,500,000 unrestricted NEW shares added to the OS since the last 10-Q. So much for massive 'fake' shares and NSS theories.
Also from the 8-K in addition to the above...
"Since the last 10Q, the Registrant issued a total of 716,667,000 shares of its restricted common stock in satisfaction of debt. The total value of the liability forgiven as a result of the share issuance was $107,500. The shares were issued under Rule 144 of the Securities Act of 1933."
These shares will eventually come to market also.
DERBENSKI,
This appears to be a VERY key statement in the 8-K which basically guarantees future massive dilution. Also notice Flo Co does the warrant conversions at an EXTREMELY cheap price, an approx. average od $0.00005/share....
"The purchase Warrants are divided into three classes, designated A, B and C Warrants. The A Warrants vest six months from the date of issuance, the B Warrants vest twelve months from date of issuance, and the C Warrants vest 15 months from the date of issuance. The purchase price associated with the Warrants is $0.00005 for the A Warrants, $0.00004 for the B Warrants, and $0.00003 for the C Warrants. In aggregate, the Warrants entitle the holder to purchase a total of 2,611,000,000 shares of Aero common stock over the next fifteen months. In addition, in the event of a recapitalization of Aero’s common stock by means of a forward or reverse split, all of the Warrants will vest immediately."
Good luck longs, your gonna need it.
From the PR....
"Unfortunately, due to the significant downturn in the overall economy and the unavailability of market resources, the liabilities have become more toxic."
Well guess who created that toxicity in the first place??? Hunsnaker/Traveller/Peacock
Derb.
Notice the warrant exercise prices....
"DETACHABLE WARRANTS. Each share of Series A Preferred shall be entitled to a total of 33,333 Warrants to purchase Common Stock of the Corporation, such Warrants to be evenly divided between Series A Warrants, Series B Warrants, and Series C Warrants. Series A Warrants shall vest 180 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase one share of Common Stock of the Corporation per Warrant at a price equal to $0.00005 per share. Series B Warrants shall vest 360 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .75 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00004. Series C Warrants shall vest 450 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .60 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00003.
Looks like quite a deal at approx. 10 cents on the dollar.
ROTFLMAO
I stand corrected...
Courtesy of lane1957...
"Actually I mistyped my first reaction to the 8k: AERP didn't give away TTR for convertible paper, they had to pay convertible paper to someone else to take TTR into bankruptcy. It's worse.
It kills me how some are proclaiming this a brilliant strategy. It is obvious bankruptcy fraud that has been tried quite a few times before... "
fourkids,
Coutresy of bayou610...
"That is the address to which correspondence will be mailed...as in LAWSUITS etc.....LOL.....again ...the SOLE MANAGING MEMBER OF FLO-CO,LLC is ONE GREGG GEDDES per the State of Utah as of 4/20/2009.......Mr. Cannell is the Registered Agent...nothing more, nothing less. There is NO PHYSICAL ADDRESS ON FILE regarding where FLO-CO, LLC actually conducts business....*gee* I wonder why...actually I don't."
By the way, I wonder how Gregg G. Geddes' pre-trial hearing on fraud charges went today
bigEZfor3,
Lets see....
1) Aero Performance Products gives away their only asset (liability) for convertible paper.
2) Aero has diluted the OS by 374,500,000 shares (unrestricted) in just 2 months --- 2,970,378,822 shares are currently issued and outstanding;
3) Aero has also issued 716,667,000 shares (restricted) to reduce debt of $107,500. this equals $0.00015 per share.
4) Aero has issued 100,000 shares of Class A preferred w/detachable warrants to purchase Aero stock --- "Series A Warrants shall vest 180 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase one share of Common Stock of the Corporation per Warrant at a price equal to $0.00005 per share. Series B Warrants shall vest 360 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .75 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00004. Series C Warrants shall vest 450 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .60 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00003." This amounts to future dilution --- "In aggregate, the Warrants entitle the holder to purchase a total of 2,611,000,000 shares of Aero common stock over the next fifteen months."
Bottom line looks like a tremendous amount of dilution has just taken place.
bigEZfor3,
And what did Aero Performance receive in payment for TTR HP????
fourkids,
"include his termination <jav>
and rumored sec investigation"
Traveller's (Aero's CFO at the time) SEC investigation was not rumored.... it was a FACT. It involved his shady dealings re: another stock. And he was barred from holding any company position for a period of, I believe, 5 years.
But you knew that.
fourkids,
"but you see i have it on
good *authority* that the
connection to jav goes back
to the *sema* show of 2006"
Believe you are correct there. The connection between Peacock, Traveller and Hunsnaker do go back to that time frame from my DD also.
Peacock installed Traveller and Hunsnaker into positions within the company (FCCN - subsequently Aero) at the time of the RM as Peacock had other 'fish to fry'.
xanadu,
That's correct. The progression of names for Aero is as follows...
CORTEX SYSTEMS INC
BGR CORP
FRANCHISE CAPITAL CORP
finally, AERO PERFORMANCE PRODUCTS, INC.
As you can see, Hunsnaker, Traveller and Peacock go back a LONG way. Both Traveller and Hunsnaker were brought in by Peacock.
knowles,
That's not the only connection Shane Traveller and Gregg Geddes have, they just happen to be ------- 'neighbors'
fourkids,
"was he part of aero's management
or was he part of the jav/trav *team*"
Key operative word is NOT 'was' but 'is'