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Millman,
I've reaped the rewards already with Diesel over $4.00...
I am...... lol
Thanks 4K.....
There seems to be a growing following.....I mught put some video of my RV on there, But It's very hard to hear my exhaust over the engine noise.
Vrrrrrroooom, Vrrrrrrooooom :)
Ok......I figure the O/S at about 68m......
GM all !
Sunny and warm in St Augustine, Fla.
Getting ready to use my Aero muffler again, My twin is down from NY and we're going RV'ing at the beach !
My Aero has been holding up nicely in the salt air.....lol
3.3m should tell us the O/S, remember that 1.54m was 4.9% of the O/S.....30m
Someone do the math !
There's your O/S....sweeeeeeeet !
Derb, The shares that were placed into the escrow were restricted, but when drawn down by GGI they became free trading shares.
Also all the shares bought by GGI at $1.00 a share remained restricted under rule 144.
In November 2006, the Company agreed to settle litigation with Golden Gate Investors on a past-due convertible debenture. Under the terms of the settlement, the Company placed 843,818,400 shares of its restricted common stock into an escrow account for satisfaction of the debenture. Golden Gate is allowed to withdraw the shares from escrow provided that their overall holdings in the Company do not exceed 4.9% of all issued and outstanding common stock. The debenture obligation is reduced by 80% of the average of the five lowest closing bid prices of the Company’s common stock over a 90-day period prior to the share withdrawal multiplied by the number of shares being withdrawn. Under the terms of this settlement, as of October 23, 2007, 455,333,490 shares have subsequently been released from escrow and the debenture balance has been satisfied in full. During the quarter ended September 30, 2007, 531,221 shares were issued.
In connection with the debenture settlement with Golden Gate, Golden Gate entered into a stock purchase agreement which required Golden Gate to purchase $100,000 of the Company’s restricted common stock for every $10,000 in debenture redeemed through the escrow. The Company previously received $2,206,501 from Golden Gate as an advance on future stock purchases under the agreement. As of September 30, 2007, the Company had sold 1,862,349 shares of restricted common stock to Golden Gate for $1,862,349 under the agreement, which was offset against the advance. The remaining advance of $344,152 has been recorded as Stock Payable in the accompanying financial statements.
I'm off to soccer practice with my son......I'll pull it up later.
Yep ! :)
The agreement changed in 2006....500m shares were sold and were not restricted. GGI could not hold more than 45m shares at one time.
The 2.2m shares they bought for $1/00 were 144 shares.
Sweeeeeeeeeeet ! I know ypu'll be happy with it. :)
What shares are you talking about ?
The shares that GGI drew down from the escrow were not restricted !
The 2.2m shares that GGI paid $1.00 each for were restricted.
It's all in the conversion formula.....Come on, we've been over this a million times. lol
Get the story straight....GGI could only hold 4.9% of the O/S at any given time, which was 45m shares.
GGI sold 500m shares, and bought 2.2m shares for $1.00 each that were restricted.....
Who cares about 2.2m shares that started becoming unrestricted in nov 07.
I believe that these three excerpts can easily be applied to the Florida lawsuits as well as the 2.2 million that was back funded to AERP/FCCN, of which Aero received about 1.9 million.
The conversion formula was in a SEC filing. It allowed for the sale of shares to raise the $2.2m that FCCN loaned to Aero. There were 900m shares placed in an escrow account for GGI to draw down 4.9% max ownership with a conversion formula that was amended in 2006.
GGI was owed 220k from fccn's past financing before Javelin, and had ownership to the 900m escrowed shares, so we inherited GGI.
Read the filings and post facts..... :)
They do care and it shows......6 months of fully reporting and no R/S. hmmmmmm
We'll be in the black in no time.
Issued Tuesday October 23, 11:17 am ET
today issued a brief
statement from management addressing language that was included in the share exchange
agreement between Aero Exhaust and Franchise Capital regarding a potential future reverse split.
“The language included in the share exchange agreement was drafted long before the stock
structure of the post-acquisition public company was known,” stated Bryan Hunsaker, chief
executive officer of Franchise Capital and Aero Exhaust. “It allowed for the fact that there might
have been an insufficient number of shares to consummate the share exchange transaction, so
language was included that indicated that management intended to pursue a reverse stock split
soon after the acquisition closed. Given the current structure of the company, management has
no plans to pursue a reverse stock split in the foreseeable future.
Great ! I'm taking the old Aero(RV) out for a run next week.
Owning the product sure helps with knowing where we're heading as a growing company. I recommend it to all the Rv'rs that I talk to. It's easy to install and if they don't like it, there is a 30 day money back guarantee.
Ah....yes
The GGI days....we predicted the o/s numbers even when some were saying 5b dilution. lol
I know exactaly where it came from and it's been covered many, many times.
You should read the filings.....it's all there !
Here's a hint, conversion formula !
You obviously didn't read the whole document ! lol
The Commission also seeks entry of an order barring Dumble, Romney, and Traveller from serving as officers or directors of any public company, and barring all defendants from participating in any future offerings of penny stock.
I put 1000x more value on performance than pps....
Aero has delivered a 10 bagger of growth, the pps will follow !
Shane was an interim employee......
Javelin is contracted to serve Aero.
Aero is a jewel !
Is it time for my next RV trip yet ! lol
I'd rather have a gagged TA, than a chapter 11 co. with an ungagged TA. :) all IMO
REpost for the R/S challenged.....lol
Issued Tuesday October 23, 11:17 am ET
today issued a brief
statement from management addressing language that was included in the share exchange
agreement between Aero Exhaust and Franchise Capital regarding a potential future reverse split.
“The language included in the share exchange agreement was drafted long before the stock
structure of the post-acquisition public company was known,” stated Bryan Hunsaker, chief
executive officer of Franchise Capital and Aero Exhaust. “It allowed for the fact that there might
have been an insufficient number of shares to consummate the share exchange transaction, so
language was included that indicated that management intended to pursue a reverse stock split
soon after the acquisition closed. Given the current structure of the company, management has
no plans to pursue a reverse stock split in the foreseeable future.
“Shareholder value will continue to be a priority for the company as we work to increase
distribution of Aero Exhaust products and execute our expansion strategy.
I own a 5050xl on my RV and I don't have a drone....Oh yeah, the 5050xl is the resonated version. :)
I do have everything that Aero claims on the box.
increased MPG
increased power
decreased exhaust temps
It's simple....If your like me and don't like the drone....you order the Xl model with the built in resonator.
Many people who want a performance sound order the Aero turbine with out the resonator.
Simple..... :)
we'll all see what's what, when we get the 10q.....
Naked shorting is illegal, I don't think you'll find a link.....lol
That's the most ridiculous thing I've ever read....lol
For an exhaust tip to melt from the inside out would mean that the exhaust reached temperatures that would start a fire in the cars floor boards.....
The exhaust tip is the last part of an exhaust and for it to melt means the front of the exhaust is cherry red....ouch
He should have used an Aero turbine to reduce exhaust temps.
I believe so, 70mil in the bank, no debt and contracts through 2008 for mega millions.
68m O/S this baby is so undervalued.
Watch all the lawsuits fade away as more contracts and the financials role in.
Ahhh picking up the old tele to speak to a real person.....what a breakthrough in technology ! lol
Nice work 4K......
Got 1450 shares at 3.04 :)
LOL..... :)
Thats from yesterday.....
0 trades for today. :)
There's nothing we could tell you that you can't get on your own..... :)
CONTACT:
Gemini Financial Communications
A. Beyer
951-677-8073
Your kidding right....I just got off the phone with 4K, we speak to each other at least 1x a week.
Sorry, Broadway..... forgot to mention, I spoke to you today..... :)
I'm friends to all and have no reason to think anyone would see me as a foe !
Hi all !
Back from another great RV trip ! :)
Even if I didn't gain 1 mpg using my Aero, the performance alone is worth every penny I spent on it. The 1 mpg gain to me is still outstanding.....my Aero has paid for itself already, with 100 more miles to a tank full !
Maybe you should call Dr Bhanji and ask him about the huge profit he made from the sale of the san antonio hotel. lol
There are no plans to sell the houston hotel. :)
Tell your mod the same....lol
I thought SQUM had more time, thats why I asked !
If Haz keeps adding hotels we'll never get our filings.....lol
Wax on Wax off...... :)