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You've got it wrong.
The entire O/S was just over 900,000,000
with the 400+ million they just retired, the total O/S is just over 500Million
Sorry to those who didn't get in cheap. You missed the boat. Longs held strong in the face of a ton of stupid baseless attacks.
Just buy FCCN at whatever you can get today because the 8K and many PRs (FORD? TOYOTA?) to follow.
PR implies FCCN to get MORE than 50% of AERO
"The definitive agreement between Franchise Capital and Aero Exhaust was executed in January 2007, and at that time, Franchise Capital announced that it expected to exchange up to 95% of its total issued and outstanding capital stock in exchange for all of Aero Exhaust's issued and outstanding shares."
We're getting ALL of AERO outstanding shares in exchange for 95% of ours then ADD the extra percent we get for giving them the loan.
Looks like FCCN is getting MORE than 50% of AERO.
SHORT SQUEEZE POSSIBLE - ASK is oscillating
Half an hour ago, the ASK was at .0795
Five minutes ago it was moved to .027
And just now they've moved it back to yesterday's close of .026
There's a very good chance MMs anticipated the merger wouldn't be confirmed until after hours today or even Monday. They might have shorted yesterday in anticipation of creating a last chance fear based sell off.
This could be potentially explosive if the MMs have been caught short. With all the new attention coming today and this being the #1 read Ihub board this morning etc... things could get very serious very fast.
Buckle up.
8K will be on time. So that bomb is still waiting to detonate this play even bigger and then we have promises of PRs every day thereafter. If FORD or TOYOTA etc have made deals with AERO and those deals are PRd, holy freakin cow!
ALOHA and WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!
Does PR imply FCCN getting 50% of AERO?
From yesterday's awesome PR:
"The definitive agreement between Franchise Capital and Aero Exhaust was executed in January 2007, and at that time, Franchise Capital announced that it expected to exchange up to 95% of its total issued and outstanding capital stock in exchange for all of Aero Exhaust's issued and outstanding shares."
Is it not too far off to read the above as a straight up 50/50 swap of shares?
"all of Aero Exhaust's issued and outstanding shares"
I know people are guessing we get 25%, but could it be an even swap? Says in the PR we are "exchanging" our shares for "all" of their shares.
Throw in the extra we get for the loan cancellation and perhaps we get even more?
Discuss.
Wrong Golden Star.
"Well I did not suggest that there was a tremendous amount of shares dumped on the market after the last filing, of course neither you or I have anyway of verifying that"
Yeah, in fact we do have a way to verify that there was virtually no dumping. People held their shares as evidenced by the tiny volume of the last two days
Oct 4, 2007 volume = 11,736,649
Oct 3, 2007 volume = 11,069,625
Longs held on with their teeth despite the bashers that showed up en masse.
I HAVE NEVER SEEN A GROUP OF LONGS HOLD SO TIGHT. SIMPLY AMAZING, CONFIDENCE WAS REWARDED.
I have never seen a stock price hold up so well with such lazy volume under the intense scrutiny FCCN went through over the last few days.
The smart money was AND STILL IS... holding. The PPS is going up and I feel sorry for those who have missed the boat and are now hoping for cheap shares and trying to influence cheap shares.
I have news for those people.
AINT GONNA HAPPEN.
If you couldn't stimulate a sell off before yesterday, you have NO CHANCE of doing so today.
As we say in poker, "READ EM AND WEEP".
DING DONG THE WITCH IS DEAD
"Debenture is fully paid."
"merger COMPLETE"
CONGRATULATIONS FCCN LONGS
I'll send Andrew a bottle of fine Pinot Noir...
...from HAWAII aloha!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!
a little Hawaii love for ya... "Chandler never take Turtle surfing."
http://surfermag.com/av/flash/kelly-slater-down-the-barrel/
DERBENSKI'S FALSE LITIGATION ALARM DEBUNKED
Here it is DERB. You asked and here it is, you DID in fact claim that there would be litigation brought by GGI against FCCN...
In post # 81226 you said the following:
"...the PR said that before the merger that the remaining GGI will be settled and don't see settlement at high prices. Who is most likely to settle the debt? My guess would be Sequoia International. Where would they most likely settle? Sarasota 12th district."
You allege above that GGI will bring litigation in the Sarasota 12 District. But they won't because they have no grounds as they've been fully paid.
10 K shows the debenture as being fully paid.
"Case closed. No apology needed."
I didn't ask you to apologize to me. I'm going to reiterate a simple question. Here is the question:
DERBENSKI, WHEN THERE IS NO LITIGATION BROUGHT BY GGI AGAINST FCCN, WILL YOU APOLOGIZE FOR YOUR ERROENOUS ALLEGATION?
Very simple question. Can you please answer that question?
The answer or lack thereof will reveal character.
As to the rest of your allegations--
There is no "leakage". You said,
"As I said before, there is a balance remaining as stated of shares not yet paid."
The debenture has been fully paid.
Nothing misleading about that.
Here is what the 10K says:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
It is a simple statement, Derbenski. It uses simple words which have simple meanings.
Satisfaction of the debenture is a two step process.
STEP 1: FCCN pays GGI the shares held in escrow which GGI is entitled to be paid.
STEP 2: GGI sells those shares which FCCN has already paid them.
The 10K clearly establishes that STEP 1, the paying of shares from FCCN to GGI had been fully completed. Therefore FCCN has no further legal obligation to GGI. Therefore no litigation is forthcoming. But you already knew that.
It was FCCN's legal obligation to pay GGI in shares. Once FCCN had released all of the shares to GGI which GGI was owed the the debenture obligation became fully and legally paid.
As the 10K so clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
You repeatedly made erroneous allegation in your series of posts on this topic about pending litigation. Since the debenture has been fully paid, will you now retract your statements and apologize? I don't think so. You said:
"So while the financials say fully paid, Peacock, speaking post annual report, talks about remaining balance and settlement...
Given this new information, which is most misleading"
Since FCCN has fulfilled its legal obligation by releasing the shares out of escrow to GGI, the 10K is correct and FCCN has no legal obligations left to GGI.
The "remaining balance and settlement" which you quote only concerns the matter of whether GGI had sold its remaining shares, a $27000 pittance according to the 10K.
Bottom line:
GGI has no basis for litigation against FCCN because, as the 10K clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Here, read it again,
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
One more time
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Buh bye, Derbenski
Have you even ready my posts?
Don't misquote me.
"And your statement "141 will handle all aspects of SWARM..."
I was quoting the person I responded to. You created this message as if that was me speaking. Go back and read my post and notice the use of quotation marks then go back and look at the post I was responding to.
Furthermore, as to the first part of your question, when I said "If" 141 was being used to avoid a conflict of interest, I was not being cagy. I accept that and my posting hisotry has been positive about that aspect... In this case, I was using "if" as an objective statement with regards to the next statement I made to contrast that "if" SWARM was to to also be sub-licensed than the reason for creating 141 to avoid the conflict of interest is not relevant.
SPZI develope and sells revolutionary trading software and that's why people bought the stock. If SPZI is now seen to be allowing 141 to sell the use of SPZI software to third parties, that's not good and it's not fair.
SPZI owned SWARM 100%. Now, imagine SPZI gives another trader a an exclsuive perpetual license in the futures and derivatives market along with the right to sub-license SWARM to others...now keep in mind that the other trader is 141 who are the same principles as those in SPZI.
If that is the case, then it may appear that SPZI management would be effectively stealing something from SPZI shareholders... exactly that which shareholders thought they were buying... that being trading technology developed by SWARM.
I'm not saying that is what is happening, but I personally want clarification that 141 will only be using SWARM to trade and that any sub-licensing will be done through SPZI and that SPZI will own those funds 100%.
ALOT MORE than "nothing" has happened.
10 K was filed and looks real good.
Board of Directors has been updated with Hunsaker of Aero and another crackerjack fella.
PRs have informed us that the merger will close this week.
S8 has been filed.
The proverbial S**T is hitting the NASACR fan(s).
Can you see weeeeee!
This is my only problem with the SWARM/141 deal.
"141 will handle all aspects of SWARM...
This could include sub-licensing."
SPZI is in the business of selling advanced platform software.
141 is in the business of trading capital.
If the argument for using 141 to trade is that SPZI would have a conflict of interest, then I'm totally down with that and I understand it and I understand why SPZI would only get various percentages of profits and shares of 141.
But if there is to be any sub-licensing of SWARM, it's SPZI who should be doing that and getting 100% of the proceeds. Otherwise, the so called license to 141 from SPZI is not a license at all but a "sale" of intellectual property which SPZI had previously owned 100%.
I will send Paul an email about this and ask for clarification.
FCCN released all of the shares to GGI which GGI was owed and then the debenture obligation became fully and legally paid.
As the 10K so clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Furthermore, when there is no litigation, what will you say? Will you apologize?
ASK has moved to .0275
then a gap to .029 follows that.
The Bid is at .027
Thanks for answering my questions Todd and Pietro.
I can't PM, so ley me express my appreciation for all the work you've done here in public. As you both know, we haven't always seen eye to eye. I'm glad I was wrong and you guys were right.
Satisfaction of the debenture is a two step process.
STEP 1: FCCN pays GGI the shares held in escrow which GGI is entitled to be paid.
STEP 2: GGI sells those shares which FCCN has already paid them.
The 10K clearly establishes that STEP 1, the paying of shares from FCCN to GGI had been fully completed. Therefore FCCN has no further legal obligation to GGI. Therefore no litigation is forthcoming.
It was FCCN's legal obligation to pay GGI in shares. Once FCCN had released all of the shares to GGI which GGI was owed then the debenture obligation became fully and legally paid.
As the 10K so clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Fair enough. I have removed personal attacks.
But why is defamation allowed?
Derbenski made an allegation that FCCN would be sued by GGI in the next few days. I debunked that allegation with facts and I admit to making a personal attacks on him based upon his inflmatory allegation. I stand corrected.
But is he allowed to state something so clearly defamatory as to raise the specter of litigation... which there is no chance of?
Shouldn't his defamatory allegations be deleted as well?
ATTN: Pietro or TODD
or any MOD for that matter. Can somebody please find out who keeps removing my posts which respond to Derbenski?
Has anybody else noticed this phenomenon? Many times when I respond to Derbenski, my posts are deleted. Unless I am repsonding to Derbenski, my posts are not deleted.
Does he have the ability to delete posts?
Only 500 million will be left.
#1 is correct.
"1. The shares in escrow, after releasing enough to satisfy the debt to GGI, will be cancelled, leaving the O/S at close to 500 million shares;"
The debenture has been fully paid.
Nothing misleading about that.
Derbenski erroneously alleged that the following 10K statement filed with the SEC was fraudulent and that litigation was pending.
Here is what the 10K says:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
It is a simple statement, Derbenski. It uses simple words which have simple meanings. But let me break it down for anybody who may be confused.
Satisfaction of the debenture is a two step process.
STEP 1: FCCN pays GGI the shares held in escrow which GGI is entitled to be paid.
STEP 2: GGI sells those shares which FCCN has already paid them.
The 10K clearly establishes that STEP 1, the paying of shares from FCCN to GGI had been fully completed. Therefore FCCN has no further legal obligation to GGI. Therefore no litigation is forthcoming.
It was FCCN's legal obligation to pay GGI in shares. Once FCCN had released all of the shares to GGI which GGI was owed the the debenture obligation became fully and legally paid.
As the 10K so clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
You repeatedly made erroneous allegations in your series of posts on this topic about pending litigation.
You said:
"So while the financials say fully paid, Peacock, speaking post annual report, talks about remaining balance and settlement...
Given this new information, which is most misleading"
There's nothing misleading about it.
Since FCCN has fulfilled its legal obligation by releasing the shares out of escrow to GGI, the 10K is correct and FCCN has no legal obligations left to GGI.
The "remaining balance and settlement" which you quote only concerns the matter of whether GGI had sold its remaining shares, a $27000 pittance according to the 10K.
Bottom line:
GGI has no basis for litigation against FCCN because, as the 10K clearly states:
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Here, read it again,
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
One more time
"Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
Buh bye, Derbenski
[My posts on this topic have been removed. I have now rewritten my response to DERBENSKI and have removed anything that MODS might find objectionable, but I do not believe I posted anything that violated TOU. I want to know which MOD remove my posts. ]
I feel a morning rush. GO FCCN GO.
Todd, who is removing my posts?
What is going on?
I request that the MODS please explain why my posts have been removed?
SUBWAY.com Emerging Equity Alert for Wednesday, October 03, 2007
FCCN is on their "Hot Stocks List"
http://www.thesubway.com/thenews.asp
Dilution my butt... NEWS hasn't hit all wires yet.
The volume is just over 1 million shares. Duh, that's not dilution. There's no dilution today, it's lack of volume because nobody will sell their shares.
Give the market an hour to digest the new NEWS. It's not even hit the major wires yet, I've only seen it at MSN and one other wire just got it.
Wait until it hits ALL the major wires services. Buy now, because Hunsaker on the board is virtually the same as announcing that the merger is done.
By leaking small bits of merger news at a time, FCCN/Peacock/Hunsaker/AERO are giving longs their last chance for cheap shares.
Thank you.
Volume shows NOBODY is selling.
People are clutching shares very tight. MMs getting desperate.
Look for bashers to show up soon en masse.
This is freakin exciting.
[fixed link]NEWS LINK via MSN's Money Central
Hunsaker and McMichael on FCCN board!!!
WEEEEEEEEE!!!!
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=MW&date=20071003&id=7572...
NEWS...awesome news! AERO EXECs on FCCN board...
Any doubts about this merger going through are now flushed straight down the toilet. Hunsaker going on FCCN board with McMichaels.
That is how you do it, class. A per merket open PRE MERGER PR announcing a huge development of the merger.
Hopefully we gap up and all the bashers get toasted.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=MW&date=20071003&id=7572...
Thanks. There's more out there...
I could have kept going but my eyes were tired.
Trust me, there's more positive DD out there from Aero owners.
These posts were done just using a web search, next I'll do a blog search and that will reveal even more.
Save $855 or 5700 free miles per year....
If you get 5 MPG better with Aero and your tank holds 11 gallons and you fill up twice a week, my math brings approximately 5700 free miles per year.
That's 285 free gallons a year based on an average of 20 MPG
285 x $3 = $855
that will pay for alot more than just the AERO Muffler
Exactly!
"Reading what others who are not even thinking about Aero for an investment think about the product makes me EXCITED."
All of this DD is straight from the horses mouth. All very excited consumer auto fanatics.
POSITIVE DD from across the globe (PART 4) ...
Check out AERO it adds an average of 80-90 HP, and increases mileage 2-8mpg.
http://www.dieseldoctor.com/messageboard/data/672.html
improved my MPG by about 5 MPG
http://www.8thcivic.com/forums/showthread.php?t=23796&page=2
"took a spankin!
http://hemitruckclub.infopop.cc/eve/forums/a/tpc/f/3790098252/m/2800080294
Aero Turbine Mufflers Increase Power and Fuel Economy
http://www.articlesbase.com/autos-articles/aero-turbine-mufflers-increase-power-and-fuel-economy-145...
the Aero Turbine Muffler acts like a jet engine and increases the speed of the exhaust as it flows
http://ezinearticles.com/?Duramax-Diesel-Performance&id=614513
"My muffler of choice
http://forums.cluboverclocker.com/showthread.php?t=2655
POSITIVE DD from across the globe (PART 3) ...
"Awesome...sounds sweet and looks pisser!"
http://www.dodgetalk.com/forums/archive/index.php/t-26010.html
The Aero-Turbine muffler was chosen for its performance characteristics in turbocharged applications and USA quality materials and workmanship. It gives this awesome system the unique look it deserves. It's hard to argue with the appearance of pure performance :)
http://forums.evolutionm.net/archive/index.php/t-199307.html
"Aero...Hell yeah!
http://www.powerstroke.org/forum/99-03-7-3l-performance-parts/351-banks-power.html
the muffler sounds darn good... That has to be the recommended muffler from now on.. I still cant believe its making that sound with the Stock YPIPE... Thats amazing!!
http://www.v6power.net/vb/archive/index.php/t-24588.html
continued in Part 4
POSITIVE DD from across the globe (PART 2) ...
"The guy at the muffler shop where i had it welded on called it the "caviar" version of a cherry bomb"
http://moeshemiclub.com/forums/showthread.php?p=4886
"Aero Exhaust has been taking the diesel performance muffler market by storm."
http://parleysdieselperformance.wordpress.com/2007/09/28/aero-exhaust-diesel-performance-exhaust-sys....
"The sound is absolutely awesome!... Increased power and MPG"
http://www.dodgetalk.com/forums/archive/index.php/t-23015.html
"Hottest Exhaust on the Market"
http://onestoptruckshop.com/ONLineOrdering/Exhaust.htm
Continued in Part 3
POSITIVE DD from across the globe (PART 1) ...
This is the first in a series of posts containing culled feedback from Aero consumers via assorted auto fanatic forums.
I spent last evening really digging into this stuff because it's truly the best and most honest form of DD you could ever assemble regarding the Aero product line.
The forums these posts were taken from are forums dedicated to automobiles generally and exhaust upgrades specifically. The people posting in these forums have no agendas. It's just people sharing the vibe on the incredible performance the Aero products bestowed on their vehicles. I have also included links to 3rd party web zine articles about Aero Products.
Each link is prefaced by a short headline from the link:
"Aero Turbine is the only muffler that makes a diesel sound the way a diesel is suppose to sound... Increased MPG[b/]"
http://forums.cluboverclocker.com/archive/index.php?t-3531.html
"Aero Turbine Mufflers Increase Power And Fuel Economy"
http://ezinearticles.com/?Aero-Turbine-Mufflers-Increase-Power-And-Fuel-Economy&id=558710
"Very Pleased...Increased MPG"
http://www.tundrasolutions.com/forums/tacoma/58439-aero-turbine-muffler/#post459729
continued in part 2
2001 lists are not legit DD...
It's not legit to cite an article from 2001 which discusses after market exhaust products and then scream bloody murder that Aero isn't listed.... six years ago nobody had hear about Aero.
I have a TON of 3rd party DD from various auto forums where people discuss their cars and the mods they do to them.
If you really want to know the way consumers feel about their Aero products you need to read this. The Aero Exhaust systems have an incredible loyal fanatical following. I'll be posting that shortly.
Furthermore, bashers should be welcome, their relevance very bullish. If you go to an Ihub and there are no paid bashers posting useless drivel, than your stock is going nowhere and there will be no volume.
Bashers, perhaps in years past were more harmful than helpful to PPS, but not today in Oct 2007. The street has factored them into the equation and their posts stimulate BOARD volume and they inspire true longs to work harder to get the message out.
MOMO players won't go near a penny stock which doesn't have bashers in their Ihub.
So welcome pupptent and all the others. I appreciate the volume and MOMO you're bringing. I never would have stayed up for hours last night reading various Bulletin board about Aero and learning how psyched people are with this product without your BS to combat.
Here comes a massive DD dump.
To becontinued.
He said he was gonna flip at .028 or .029
in an earlier post. And I believe him. He got out then, and his posts about this director could be conceived as bashing to get the PPS down.
The fact is the guy was compensated with peanuts, $1000 a month.
If this director is making money on this deal, he's buying retail like the rest of us.
WEEEEE! He's wrong. Noshares,
they've been paid. $1000 a month.
http://www.secinfo.com/d16gRg.ua.htm
I'm saying it's GOOD news for us.
Some have speculated there will be more dilution for these two directors and that they will receive shares.
It's far more bullish that they have been paid a small amount of cash, $1000 a month. That means they are paid off and will not effect the PPS.
Geez, just look at the board and see where people were bashing saying these two would be paid off by dilution.
It may have been known before, but I think reiterating it today is important and I don't see anybody else countering the bashers who said their pay off would be via dilution.
Sorry bashers, we're going UP UP and away.
Touch the monkey
http://ralleymonkey.com/video/kenindex.swf
The Form was filed with SEC...
http://www.secinfo.com/d16gRg.ua.htm
It shows that these two directors were paid $1000 a month.
ACCORDING TO THIS SEC FORM THEY RECEIVED NO SHARES.
Unlike you, I am not a basher, I am just a guy who got nervous last Friday and had a heated argument with Andrew. That has nothing to do with a form filed with the SEC which takes away ALL SPECULATION ABOUT WHAT THESE DIRECTORS WERE PAID
1000$ A MONTH, AND NO SHARES.
You are sweating now, aren't you. I held and bought more yesterday. What did you do?
SEC form shows Bickel and Nerison's compensation....
They were entitled to $1000 a month for a 12 month term which started last January.
They have resigned because their sevrices are no longer necessary to be replaced by Aero personell.
Now think about this, if they were both involved with the AUDIT and they have now resigned, then doesn't that suggest that the Audit has already been prepared?
Here's the SEC info on them. This is a very exciting development.
43180 Business Park Drive, Suite 202
Temecula, CA 92590
(Address of principal executive offices)
(951) 587-9100
(Registrant’s telephone number)
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS’ ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICER
On January 2, 2007 Robert McCoy, the sole member of the Board of Directors, appointed James Bickel and Gary Nerison to serve as members of the Board of Directors. Mr. Bickel will also serve as Chairman of the Investment Committee and as a member of the Audit Committee. Mr. Bickel entered into an agreement with the Company, effective as of January 2, 2007. The agreement has a twelve-month term, subject to renewal upon agreement of parties. Mr. Nerison will also serve as Chairman of the Audit Committee and as a member of the Investment Committee. Mr. Nerison entered into an agreement with the Company, effective as of January 2, 2007. The agreement has a twelve-month term, subject to renewal upon agreement of parties. Under the agreement, he is entitled to a monthly $1,000 fee for services rendered. The Board of Directors now consists of Robert McCoy, James Bickel and Gary Nerison, each of whom is an independent director.
This NEWS seems excellent.
The two resigning directors were brought in to facilitate the deal. The PR acknowledges that they have done an excellent job and are leaving to make room for what must be AERO personal.
This means that even though we are awaiting the PR announcing that the deal has been closed, it appears that the deal is "effectively" closed already. This PR is a major tip off and a very welcome development.
Note the language is very complimentary and that the directors who are leaving were "independent"....
BUT THIS IS THE KEY LANGUAGE OF THE PR
"We look forward to the appointment of new directors to serve Aero Exhaust as it moves forward as the operating entity within the public company. We are confident that the new Board members will serve the company as well as Mr. Bickel and Mr. Nersion have," Mr. Peacock added.
That means the new directors replacing these fellows will be AERO management...
Your math is DEAD wrong!
And it's wrong on purpose. You're too late.
.025 gap has already been printed!
Yes, that makes total sense.
Thank you. Im seeing the light.