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That was my point.. this particular poster commented to another poster that this stock was not a good one to own.. quite frankly, I don't think he or she has performed ANY dd whatsoever to make that assessment. If you're a trader/flipper.. that's fine.. but don't make recommendations to another poster when you clearly have not performed the necessary dd yourself.
Btw, I do believe this is a great opportunity.. and believe it will be a great opportunity for many years to come. But if you want support for that please check out the ibox and ask questions. AERO is going places, of that I am certain.
Posted previously by our friend..
Posted by: samaelrocks
In reply to: None Date:10/9/2007 3:25:13 PM
Post #of 86483
LOL! Without pumping, you can tell the shares are wound up pretty tight. IMO, this is going to run hard when something solid is PR'd or should I say, FILED! Hehehe
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As long as we read only that with which we agree, we learn nothing. - Chester Dolan
I'll try not to laugh too hard over here as it becomes more evident that I was in fact correct with respect to my assertions regarding SQUM Mgmt and their intentions.
Hey.. I would bet you all my life savings that next quarter will show strong increases in their revenue numbers.. BUT margins will be very low.. IMO less than 15%.. AND they will loose a ton of money. Mark this post. You just can't make money without margins this low.. UNLESS you get expenses under control AND have a ton of volume.. I don't believe Nick has any intentions of controlling expenses.. after all, it's HIS pockets that are being lined..LOL. And the result will continue to be a dilution of shareholder value. IMVHO
And what reality would that be? Care to share ANY dd whatsoever?? At least I have done my homework on SQUM.. and what I uncovered told me this is nothing more than a cleverly concocted way to suck cash from investors.. pretend like you have a real company with alot of promise.. something they've been pretending for many years now by the way.. and never deliver a single dollar of profit to shareholders..NEVER! Never have and never will. Nick's not stupid.. I'll give him that.. he knows how to play this ruse to it's full potential.. and believe you me, he will do exactly that. As far as he's concerned.. he isn't doing anything wrong.. the company is fully reporting and everything is there for all to see.. unfortunately, many are too blind.. or under too much water.. to see what's really going on. GLTY
LOLOLOL..
Hard to criticize a company that has obviously caught the eye of some big names.
Not hard to criticize at all.. this company has never made a single penny for investors and they won't start now.. Do you know their margins on those products?? 15% tops.. but my guess is 12%.. and again, you just can't make ANY money with those kind of margins. Especially with a crew like Nick and his gang running the show.. I knew, without a doubt, Nick would find a way to support PPS before the release of their next Q so that he could unload still more shares.. and viola, here it is. Anybody buying into this is setting themselves up for tremendous disappointment IMVHO.
I have already done that many months ago..and found dd which contradicts what you're saying.. What I would like to do is validate YOUR comments.. so again I ask you.. please list the dealers you called so that I or any other poster can validate what you found out at those dealers..Is this request too much to ask?
Btw, I actually think it's important to point out that I have NEVER EVER heard any bad information about AERO products..And, in fact, I would challenge anybody to produce it.. Every single thing I've heard has been good. Third Party reviews and customer accounts have been solid and glowing..NASCAR seems to like it.. we've got a legend of auto Racing, Rusty Wallace who was willing to put his name on it.. and guess what, AERO owns the patent to this technology inside their products that can both increase HP and decrease gas consumption.. not to mention their product is really cool looking. And now today we heard more about their continued plans to expand and grow the AERO brand and company.. well, I don't know about anybody else, but I couldn't be happier that I own a piece of this dynamic young company that IMO is poised to take the auto world by storm.
Please list the dealers you called and I will be glad to follow up for the board. I challenged another poster who also expressed much doubt about the strength of the AERO brand to call a few dealers and report back to the board.. funny that we haven't heard from him again. lol
My statements can be supported by dd and fact.. and I have proven some of yours to be incorrect and not supported in fact.. which is why I state that. There is a difference between the "opinions" offered by some on this board.
No need to discuss this topic further in my opinion, Hunsaker goofed and we move on. I await the 8k.
This is your opinion.. IMVHO PPS will continue to be revaluated upwards and stabilize after the 8k and other news is released. But unfortunately right now we are at the whim of the typical pink sheet traders.. some of whom may actually own substantial positions in this stock.. not for the long term, but short term.. and can impact PPS on their own.. this IMO is what we've been seeing over the past few days. Again, I'm confident this will work itself out in the end. Many of these traders will be out over the next week and AERO can move on to greener pastures.
Golden.. I will qualify my statements however I want.. thanks for YOUR input though.
Again, it would be nice to know all those things.. and we will know shortly... but I would certainly hope that AERO doesn't have to shut down just to get this 8k filed..lol.. the lawyers, Accounting Mgrs, and Auditors who are reviewing the 8k, would obviously not be involved in business development matters such as described in today's PR. They CAN act independently.. And I'm glad to see that they are.. looks like they're firing on all cylinders!!
I guess you're not familiar with multi-tasking..lol.. business development does not need to stop, nor should it, just because you have a major filing due to the SEC.. Again, I have experience working in large companies and with SEC Reporting, and we continue to report 8k events or significant business developments right up until the filing of our 10Q and 10k documents.
I did not have the call today with Doug and Joe.. my day was just too busy to fit it in.. hopefully tomorrow I will have a chance to speak with Drew or Doug to re-schedule.
I don't think we'll have to wait too long to find out.. I just spoke to Andrew and of course he is bound by rules of disclosure.. but he did say that they have advised Mr. Hunsacker to not speak of events too far in the future that "could" happen.. but rather stick with events that most likely "will" happen in the near future. Which is why I think we'll be provided an update on their acquisition plans(who they're buying or who they've bought) very soon.
Andrew also mentioned that he hoped to get some more news out (no promises!!) this week in addition to the 8k..
yes Dr.. our new CEO "leaked" it in the newsletter..lol.. IMO the story of AERO and the potential it has is about to be told.
It always ok to speculate but you have repeatedly posted false and misleading statements here and these have been forwarded to the SEC. AERO is clearly the holder and owner of the patent. Not the Miller Trust.. their is a security agreement in place.. that is all.. any further reposts of the link with these false statements will be deleted as SPAM.
Three things:
1) There's no evidence to support the idea that the float is less than the outstanding shares.
2) There's no evidence to support the idea that Aero's shares are coming from the currently outstanding shares. They're obviously coming from the approximately 4.5 billion issued but not outstanding shares.
3) There's no evidence to support the idea that pre-merger FCCN shareholders will own 38% of the merged company.
OMG.. wow.. class is now in session..
1) The float has to be less than the o/s shares.. AERO shareholders were issued restricted stock during the share exchange.
2) Uh.. no kidding.. you cannot give AERO shareholders shares that are currently owned!!!! We've already covered this that they would be given restricted shares in exchange for their shares of the privately held company in a ratio consistent with the terms of the deal.. And 5B was the authorized.. not issued.. if you issue them they are o/s..if you authorize them, they are not issued... you are confusing the terms here.
3) There is no evidence to support anything differently either.. alot of people are trying to play both sides of the coin here.. if you suggest AERO's rev's are lower, then FCCN received a larger piece of AERO.. you can't have it both ways!!!!
Here is an excellent example of a merger between a company called Jamba Juice and Services Acqusition Corp.
Notice the date of this PR:
http://ir.jambajuice.com/releasedetail.cfm?ReleaseID=220414
Notice the date on the 8k filing:
http://sec.gov/Archives/edgar/data/1316898/000119312506246997/0001193125-06-246997-index.htm
Notice also the size of the 8k filing.. it is HUGE!! It contains a ton of material information.. all of which would have to be reviewed and signed off on by their legal depts, senior executives, CEO and CFO and their external auditors.
I expect that FCCN/AERO's 8k will be just as lengthy.. again, it will have to include the terms of the acqusition and final numbers.. AERO audited fins.. Mgmt changes.. alot of stuff will be in there. So yes, if I were them, I would take every last bit of those 4 days afforded them under SEC Regs to make sure it's right. They'd be crazy not to.
Golden.. to answer your question.. YES!!! My company just closed a divestiture transaction and we had the same 4 day window.. we used every last second of it.. filed with about 30 minutes prior to the cutoff.
By the way, the 4 day window is per SEC Regulations.. FCCN did not just pull it out of thin air.
I can't show you my company's filing for privacy reasons.. but I will pull up some others and post the links as soon as I have a free moment.
It was Andrew's anniversary on Friday and he left Mid-day.. if you had ever spoken with Andrew yourself you would know that they are out in California, and their office isn't open yet.
DSDstock.. AERO already IS public.. Wow.. the company PR'd that the close of the acquisition took place.. it's a done deal.. the 8k will give us the final details on the exchange and the AERO fins.. but to suggest it may not have happened is just ludicrous.
Welcome! Glad you decided to join us!
Wow Puppman.. I didn't realize that you'd seen the AERO financials already.. how is that possible? It's a rather weak argument to suggest that just because the patent is valuable, that it's the ONLY thing of value that AERO has..lol.. Again, I will refer you to simple Set Theory there.. your logic does pass the smell test there..
Anyway, the Millers do not "own" the patent puppman.. they are not "holding" the patent.. there appears to be some form of lien on it, but that's all. Happens all the time in business. Heck, the company I work for has liens on a large portion of it's assets.. it's what happens when you hve a thing called DEBT..lol. in this case it could be structured a bit different because it is tied to equity, but still, same principle.
By the way, As I hypothesized last night.. I wouldn't be surprised if AERO used a portion of the $1.9M loaned to them as part of the acquisition, to improve their balance sheet and remove any encumbrances that were outstanding.. We'll see shortly.. Heck, they may have even repaid the Millers and that would be that.. But, I would say that if the Millers are still around that speaks VOLUMES for their confidence in the viability of AERO and it's future potential.. wouldn't you?
Well, they obviously thought the patents were valuable to accept them as collateral..and just because something is offered up for collateral does not mean that it is the only thing of value..lol..I will refer you to Set Theory to follow the logic there..
Anyway, I think we should also keep in mind that AERO received $1.9M as a result of this merger.. I know that it was stated this was primarily going to be used to expand their product line offereings.. but I wouldn't be surprised at all if any excess beyond that which was needed to accomplish this objective was used to improve their balance sheet.. clear any encumbrances, and perhaps even buy out Mr. Miller if that was still an open issue.. in fact, I think if we see Mr. Miller still listed as a >5% holder, then one might say he is quite content with the future of AERO, given that the stock he receives in this transaction will be restricted for one year.
Exactly Pietro.. again, some are trying to spread misinformation here.
DWP.. Wow.. this merger was approved and a definitive agreement was signed back in January of this year.. that document gave the FCCN Board of Directors the right to act on behalf of its shareholders and exchange shares owned by us during the share exchange. This is Mergers and Acquisitions 101. Please do some very basic dd and then we can talk.
Golden.. the deal is done and was PR'd as such.. there were no "forward-looking" statements in the PR.. and they are not protected by Safe Harbor if, in fact, the transaction did not close as stated.. the SEC would bury them.. By the way, alot of misinformation is being spread here I see.. the official close of an acquisition does not take place when the name change or symbol changed is filed for.. or when it takes place.. the transaction closes when the terms of the agreement are satisfied.. in this case, there needed to be a share exchange that satisfied the terms of the definitive agreement.. and that took place on Thursday.
DownwithPumpers.. you really need to familiarize yourself with the terms of this transaction before you spout things off like this.. it has never been disputed that GGI has been selling shares through the debenture redemption process.. however, if you read the filings you would see that they HAD to sell shares.. they could not hold onto them even if they wanted to.. according the agreement, they could not hold more than 4.9% of the o/S.. or approx 45M shares at any given time.
Please read the filings located here.. and then, perhaps, we can talk..
http://sec.gov/Archives/edgar/data/1160598/000126246307000013/fccn8k1212006.htm
Obviously you are not familiar with M&A transactions.. companies do not exchange A/S in a transaction..lol..only issued and outstanding.. the link below includes the definition of capital stock for purposes of such a transaction...WOW..
http://insurance.cch.com/RUPPS/capital-stock.htm
Has everybody gone off their rocker all of a sudden?? lol.. Capital stock does not include the A/S!!!lol.. Capital stock are those shares issued and ouststanding.. that number affords us 5% of the new company PLUS we also received a percentage for the $1.9M of infused capital.. i.e. the loan to AERO..IMO it will be well over 20%.. and all these people who are making a case for AERO having lower revenuesd don't even realize how are deal is structured..Lower revenues will give us a bigger piece of AERO.. that is why this deal is so good for FCCN shareholders.. lower revenues will translate into a bigger piece of the pie for us.. higher revenues, and we get a smaller piece of the pie, but our starting Net Income will be higher.. it balances out.. I'm just glad I've been fortunate enough to get in on the groud level.. if IPO stage for AERO.. All indications are that this company is growing by leaps and bounds and THAT is what will cause our investment to appreciate not just in the coming week(s) and month(s)..but years.
And by the way.. analysts do not use industry multiples when placing valuations on young companies.. they look at growth rates.. and whether or not the company is doing what it says it's going to do.. And AERO scores high marks in both categories.. in the past 3 months alone they have expanded their products lines tremendously and forged partnerships with large auto manufacturers.. Industry multiples are nothing more than an average.. which will fall tightly within the multiples of the mature companies in that industry...outliers will be the companies that are struggling, which will be afforded lower multiples.. and companies that are growing beyond the average.. which are afforded higher multiples..and if a company is growing much higher.. then a much higher multiple is attributed to it.. it's that simple. It's entirely that if a company is experiencing triple digit growth.. a PEG of 1.5 would be applied to it resulting in a multiple of 150+.. And this is where I think AERO will come in.. anyway, I've gotta run.. should be a good week here.. I have all the confidence in the world in the future of AERO.. and I think that so do many others who have invaded our board of late..which is why they're here.
Puppman.. are you familiar with the difference with Capex spending and Opex spending?? There is a big difference.. Capex is discretionary.. while Opex is not.. The information conveyed to us through FCCN was that the loan to AERO was for Capex.. to expand their product lines and grow the company.. and while we cannot confirm this 100%.. there is a whole new host of product offerings which have appeared on AERO's website over the past 3 months..interestingly enough, many of these products have been designed for specific models of trucks.. and the company trademarks for these truck models, Ford and Dodge, now appear alongside the products on the AERO website.. Aside from the fact that AERO has obviously forged some very interesting partnerships over the past few months (it's highly unlikely you can display company logos without some type of agreement from the company), I think perhaps more importantly it should be noted that they did what they said they were going to do.. clearly growing the company is a top priority and I trust that they will continue to take the steps to move AERO to the next level and beyond.
Here you go.. please read this carefully.. it describes what it means to be part of the Nascar Performance Network.. You can even run a search and you will see that it only pulls up bodyshops and parts outlets.. it has nothing to do with manufacturers of products.
http://www.nascar.com/auto/faq/#1
Do the search here..
http://aolsvc.sports.aol.nascar.com/auto/
puppman.. i think you are confusing the Nascar Performance Network.. with what it takes to have your product approved as a Nascar performance Product. The Performance Network is a group of approved parts and services suppliers.. Performance Products are those that meet the rigorous quality standards and have been officially approved by Nascar for retail distribution.
Yes Bo.. I agree.. this really bothers me that they are not going to have two CEO's going forward.. lolol.. hmmm.. HUGE red flag.. how are they going to run this company with only one CEO?? Won't they be extremely handicapped?? Why did Peacock leave at such a crucial time?? Big questions there.. lolololol.
Anyway.. WOW.. I really thought I'd heard it all until this week.. but the posts from this morning take the cake. People, the principal leader of a company is called the Chief Executive because that's what he is!!! There can't be two Chief Executives!!! Never have I seen it in my life and never will I see it. I wish Mr. Peacock well and thank him for what he's done to get us to this point.. it's been a long road and he and his team did a great job. Now it's Mr. Hunsacker's turn to run the show and I, for one, can't wait to hear from him as the AREO story unfolds.
Golden.. again you are not even close with this assessment. First of all, the drop yesterday took place before 2:00.. go look at the charts and you will see.. happened with a very short time frame..and by the time the PR came out, which was 2:21.. we were already almost back up to .020. We actually stabilized when the PR came out..lol.. So you're assertion does not logically make sense.
But again, the change of mangement is part of ANY M&A transaction. You simply cannot have two CEO's.. and you will only need one board that will be made up of primarily the existing board of the operating company. People have to exit and be will be replaced.
Regarding the S-8.. if you took any time to read it and perform some dd you would have found out that it is an incentive plan setup for future grants. These were not yet awarded to Officers or Directors or their names would have been disclosed in the filing. Please read the section below from Ex 10-2 and you will see what I am referring to. It talks about the awarding of the grants, and how it will be done.. and who can approve and award the grants.. These are all future events that have yet to take place. In any event, in the future I would suggest you read the filings carefully before you just to conclusions.
From Ex 10-2:
ADMINISTRATION. This Plan shall not become effective until it is approved by the Company’s Board of Directors. Once the Plan has been approved by the Company’s Board of Directors, the Plan shall be administered by a compensation committee (“Committee”) consisting of at least one person to be appointed by the Board of Directors, or in the absence of such a Committee, the Plan shall be administered by the Board of Directors. References herein to “Committee” shall be deemed to refer to the Company’s Board of Directors at any time there is no Committee appointed. The Committee shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to select Eligible Persons to become participants under the Plan, grant stock awards to those participants, determine the terms and conditions of, and all other matters relating to awards of Company stock under the Plan, and rules and regulations for the administration of the Plan, construe and interpret the Plan and correct defects, supply omissions or reconcile inconsistencies therein, and to make all other decisions and determinations as the Committee may deem necessary or advisable for the administration of the Plan. The Committee shall be entitled to, in good faith, rely or act upon any report or other information furnished to him or her by any other officer or employee of the Company or a subsidiary, the Company’s independent auditors, consultants or any other agents assisting in the administration of the Plan. The Committee and members of the Board of Directors, and any officer or employee of the Company or a subsidiary acting at the direction or on behalf of the Committee shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to such action or determination.
Golden.. now you're just being silly.. you can't have two CEO's of a company.. and you only need so many Directors for the Board.. these people left as part of the normal transition process that takes place in a Merger or Acquisition transaction. The operating company is now in charge, therefore their CEO replaced the current CEO. We will also undoubtedly see the naming of new Directors in the 8k.
Couldn't agree more. I just happened to be watching PPS closely at the time of the drop and the action was WAY too suspicious.. it moved so quickly down from .025 to .02 I'd almost say there weren't bids there.. somebody saw the opportunity to take this down.. think about it..how else could somebody take it down that fast unless they knew exactly what bids were there.. nobody places large market orders in the pinks.. and nobody would have placed that large of a limit order under the bid to trigger the huge drop.. unless of course they knew exactly what support was down there and what sells it would take to whack it down.
Either a MM wants shares for their own kitty in advance of good news.. OR a MM is short and needs to cover.. only two possibilities IMO.
I called Andrew this afternoon.. apparently he left mid-day for a lunch with Mr. Peacock and then didn't come back into the office as it was his wedding anniversary.
Change.. the 80% has nothing to do with the restricted stock purchase.. only the debenture conversion.. take a look at the formula in the filing for the stock sale.. it mentions nothing about the 80%.
You're right, they still have those shares.. but they are under a restricted 144 legend.. so they can't sell them for a year anyway.. which makes all the other speculation involving a R/S moot IMVHO.