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.
I hate to bother your giggling, but I do believe that these are DPDW's fins prior to being a public company.IMO
Maybe you should re-read this old filing, and apologize to someone. IMO
Have fun drinking the kool-aid.
http://www.sec.gov/Archives/edgar/data/1110607/000137219807000059/form10ksb.htm
Revenues
2006 2005 Change %
Revenues $ 8,821,149 $ 5,417,872 $ 3,403,277 62.8%
Revenues increased by approximately $3.40 million, or 62.8% for the twelve months ended December 31, 2006 from approximately $5.42 million for the comparable period in 2005. This increase was due in part to the hiring of a sales manager to bring increased focus to the sales effort; the generation of a new product line of manufactured Launch And Recovery Systems (LARS); increased capital expenditures to expand our equipment rental fleet of spooling and handling equipment; and a continued focus on customer service to increase both orders and order size.
Cost of sales
2006 2005 Change %
Cost of sales $ 5,155,399 $ 2,531,148 $ 2,624,251 103.7%
As a percentage of revenues, cost of sales increased from approximately 46.7% in 2005 to approximately 58.4% in 2006. This increase was due in part to the manufacturing of LARS, which has a higher cost of goods sold than the rental fleet and service work. As a result, gross margins decreased from approximately 53.3% in 2005 to approximately 41.6% in 2006.
Selling, general and administrative expenses
2006 2005 Change %
Selling, general and administrative $ 5,710,324 $ 1,819,103 $ 3,891,221
Stock based compensation expense (3,340,792) 0 (3,340,792)
Adjusted selling, general and administrative $ 2,369,532 $ 1,819,103 $ 550,429 30.3%
Selling, general and administrative expenses include rent, utilities, general office expenses, insurance, personnel and other costs necessary to conduct business operations. Also included in selling, general and administrative expenses for the year ended December 31, 2006 is a noncash, non-operating compensation expense of approximately $3.34 million related to the Series F and G preferred stock which was issued in exchange for the acquisition of 100% of the common stock of Strategic Offshore Services Corporation. See further discussion in Corporate History above.
After adjusting for this noncash, non-operating expense of approximately $3.34 million, selling, general and administrative expenses for the year ended December 31, 2006 was approximately $2.37 million, up approximately $550,429 or 30.3% from $1.82 million for the comparable period in 2005. The increase is primarily the result of an increased engineering staff to focus on the development of new products and quality control, increased administrative personnel, increased rent expense (see related party transactions related to the land and building in the footnotes to the financials) and increased bonuses. Additionally, the Company recorded stock based compensation of $237,000 in fiscal 2005.
Can you guys tell me if it gapped down and if it did what was the gap down pps?
i agree pietro....just gotta be patient.
Good post Todd!!!
I am guessing we will be above $5 million. We get to enjoy the growth with Aero beyond this point. I love it. GLTA
There is a very simple explanation for it.
Aero didn't start selling mufflers until 2003.
The comment is very vague, but it sounds like it may be for the prior fiscal year which would be 2005.
In three years in the business with tough competition they were already having sales in excess of $1 million.
In 2006 they were a Nascar Nextel Cup full sponsor. They started advertising on Two Guys Garage. They opened new advertising avenues in the internet through Infopia. They are a Nascar Performance Partner. Their mufflers are used on the cars at Yakima Speedway. Have awards in the Nascar Grand National Division. They are now an associate sponsor of the #4 Nextel Car. Rusty Wallace is their spokes person. They just expanded their product lines.
They are now becoming a public company to help them keep up with the demand that insues from superb advertising. IMO
I think that we are looking at sales in 'triple digit' growth from 2005. IMO
Market Cap is based on Net Worth. Revs is only a part of that. Warehouses, Patents, ISO 9001 certification, and potential profits will all be included. I will not sell anytime soon. GLTA
More speculation for ya. LOL
I think the final OS will be under 2.5 billion shares. If so, taking our current PPS, that would put Aero exhaust at a
$50 Million Market Cap.
http://en.wikipedia.org/wiki/Market_capitalization
Market capitalization, or market cap, is a measurement of corporate or economic size equal to the share price times the number of shares outstanding of a public company. As owning stock represents owning the company, including all its assets, capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation. Likewise, the capitalization of stock markets or economic regions may be compared to other economic indicators. The global market capitalization was $51.225 trillion in March 2007 [1], indicating a dominant force in the global economy.
Note that market capitalization is a market estimate of a company's value, based on perceived future prospects, economic and monetary conditions, and therefore largely independent of a company's history. Stock prices can also be moved by speculation about changes in expectations about profits or about mergers and acquisitions.
I got a good feeling from my DD of Aero that in the very near future their Market Cap will be over $50 Million. IMO
Pretty sure we already know the new CEO per the PR on friday.
Franchise Capital Corporation Announces Continued Management Transition Following Close of Acquisition of Aero Exhaust
Friday October 5, 2:21 pm ET
MURRIETA, CA--(MARKET WIRE)--Oct 5, 2007 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News), which has closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the resignation of Steve Peacock as chief executive officer of Franchise Capital and the appointment of Bryan Hunsaker to the position of chief executive officer. Subsequent to Mr. Hunsaker's appointment, the Board accepted the resignation of Robert McCoy as a director.
5 million to 20 million. And if there Revs were only 1 million in 06, that would be fantastic!IMo
No one has seen the 8k, nor will they until it is filed! That would be considered illegal. This Merger has gone by the books from day one. IMO
Stock Message Board. imo
the dude had posted it like 5 times today. it could be out any time i know, but jeez......
The 8k will not be out AH today. Would you stop posting that. The CEO himself admitted it would take the entire 4 days. Check the PR's.....
pietro don't listen to the bs. we know what we own bud. i would say good luck, but we don't need it. thanks for everything you have done, and go have fun with your fam!
Are you serious? LOL. It is the current CEO of Aero. LOL
not fake, but an old one that has since been dismissed. All it confirmed was growth from Aero. I am expecting Revs to be over 5 million and under 20 million. If that is the case they have grown over 500% in 2 years. HMMMMMMMMMMMMMMMMMMMMm. Wonder why they are becoming public now???????????//LOL.
4kids i wish i was at home right now so we could talk!!!! never seen it so blatant! WOW
For those of you who didn't see the new PR that was just released.
Franchise Capital Corporation Announces Continued Management Transition Following Close of Acquisition of Aero Exhaust
Friday October 5, 2:21 pm ET
MURRIETA, CA--(MARKET WIRE)--Oct 5, 2007 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News), which has closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the resignation of Steve Peacock as chief executive officer of Franchise Capital and the appointment of Bryan Hunsaker to the position of chief executive officer. Subsequent to Mr. Hunsaker's appointment, the Board accepted the resignation of Robert McCoy as a director.
ADVERTISEMENT
Mr. Peacock was appointed to the position of chief executive officer of Franchise Capital on September 12, 2007, and his primary responsibility was to lead Franchise Capital's efforts to complete clean up efforts for the company, including bringing Franchise Capital current with its financial filings. He was also responsible for identifying an operating company for acquisition that would deliver long-term value for shareholders and completing the acquisition process.
The acquisition of Aero Exhaust by Franchise Capital was completed on October 4, 2007 with a share exchange between the two companies.
Upon accepting the position of CEO, Mr. Hunsaker stated, "Mr. Peacock's commitment to this acquisition and his desire to deliver value for the public company shareholders has been unwavering, and we would like to thank him for his tireless efforts to bring this transaction to completion. Mr. Peacock and Javelin Advisory Group will continue to be involved with the compliance, financial reporting and additional work related to operating the public company, and we look forward to their ongoing support."
Mr. McCoy, who served on the Board since September 27, 2005 and as chairman since September 12, 2006, was integral to the transition of Franchise Capital to become the appropriate public vehicle for Aero Exhaust.
"We would like to thank Robert McCoy for his service on the Board and laud his leadership through the transition of Franchise Capital from a restaurant franchise company, then to a shell, and finally through its acquisition of Aero Exhaust," stated Mr. Peacock. "The Board played an important role, and without Mr. McCoy's strong presence as chairman, there is little chance that this acquisition would have been completed."
The details of the management changes will be included in an upcoming Current Report on Form 8-K filed with the Securities and Exchange Commission. The Form 8-K is expected to be filed by October 11, 2007.
To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2006 filed with the Securities and Exchange Commission.
Contact:
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact
Down do you understand that Aero Exhaust was established in 1999. They then procceded to work on perfecting their patented technology for 3 years. They started selling mufflers in 2003. So from the court document it says that they had sales of $1 million in January 2006. In 2 to 3 years time frame the company was already making its first million in sales. We are now almost 2 years later, and the company has done nothing but grown in that time. I can guarentee that because the number of distributors continues to rise on their website, and the more I search the world wide web, the more their name shows up on Muffler sites. Good luck to you. I will be more than happy to invest in a profitable growth American company for pennies a share. IMO
Believe it or not Change some of us have been doing DD all along. We have been here for many months. We are tired of explaining/reading about the CD to everyone, and it is now gone, and none of my concern. It took up about 80% of the conversation on this board for about 8 months now. As of tonight we don't have to worry about it anymore. I will give you a little hint into what Aero is doing right now though.
Call these guys:
A&B Muffler
3902 Ave Q
Lubbock, Tx 79421
806-747-4443
ps- don't forget to ask about their Aero display with an Aero muffler dissected to show the technology behind it.
NO, you need to read it carefully. I will use bold print once again to highlight the good stuff.
The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company's(Aero Exhaust) issued and outstanding common stock retained by Franchise Capital shareholders.
Bigger percentage of the final OS will be retained by FCCN shareholders. IMO
He is out of posts for the day..... We work together though, so he told me to give you the info.....
Franchise Capital Corporation Announces Close of Acquisition of Aero Exhaust, a World Leader in Automotive Exhaust Technology and NASCAR Performance Partner
Thursday October 4, 7:23 pm ET
Satisfaction of Major Debt Obligation Is Completed and Shares Are Returned for Cancellation
MURRIETA, CA--(MARKET WIRE)--Oct 4, 2007 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News) today announced the close of its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner. Franchise Capital and Aero Exhaust have effected the exchange of shares necessary to close the acquisition.
ADVERTISEMENT
As a part of the close of the acquisition, Franchise Capital has also announced that the balance of the debenture owed to Golden Gate Investors as part of a debt obligation that dated back to June 2004 has been satisfied, and the escrow account set up as part of the settlement has been closed.
With the entire debenture redeemed, approximately 400,000,000 shares of restricted common stock that remained in escrow are being returned to the company's treasury for cancellation.
Details of the satisfaction of the debenture and close of escrow will be included in an upcoming Current Report on Form 8-K filed with the Securities and Exchange Commission. The Form 8-K is expected to be filed by October 11, 2007.
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. Franchise Capital provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company's issued and outstanding common stock retained by Franchise Capital shareholders. The final number of shares exchanged, including the additional percentage retained by Franchise Capital shareholders, will be included in the upcoming Form 8-K filing.
"We are extremely pleased to report the successful close of Franchise Capital's acquisition of Aero Exhaust, completing a process that was initiated over 9 months ago," commented chief executive officer Steven R. Peacock. "It was our expectation when Aero Exhaust was first identified as the acquisition target for Franchise Capital that the close would be a highly anticipated event in our shareholder community, and we are confident that the close will be greeted with enthusiasm by Franchise Capital stockholders.
"Although the details of the share exchange, including the additional percentage of the issued and outstanding common stock retained by Franchise Capital stockholders, will be disclosed next week in the 8-K filing, I do believe that we have secured a percentage of the public company that will position our current shareholders to benefit from the long-term growth of Aero Exhaust.
"We are also pleased to announce the payoff of the debt obligation entered into by previous management and that approximately 400 million shares of common stock are being returned to the company's treasury for cancellation. Payoff of this debt was an essential element of the clean up of Franchise Capital to make it the appropriate public vehicle for Aero Exhaust.
"We expect there to be frequent updates on the transition process over the next several days, including an introduction of the management team that will lead the company from this point forward. We believe that this new management team is as committed as we have been to consistent and substantive communication with shareholders, and we expect them to provide as much information as possible to keep the public markets informed during this transition period and into the future as Aero moves forward as a public company," Mr. Peacock added.
To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2006 filed with the Securities and Exchange Commission.
Contact:
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact
Congrats Bellman!
all you need to know is that they are coming from Aero's side of the deal, and it will make a lower final OS. imo
who cares we are Aero Exhaust now.
AJ I hope you got yours, and if not you should be able to enter after the 'super' 8k next week with little risk. IMO and GLTU
Hello SA, I am a friend of mrbojangles. He said you might want to know that FCCN is Aero Exhaust starting tomorrow. GLTU
the interest is converted into Aero common shares, giving us a larger % of the merger company. Nice try. Not FCCN shares. Means less of a final OS. This is the best part of the whole PR and you mis read and posted it. IMO
The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company's issued and outstanding common stock retained by Franchise Capital shareholders.
We have all seen it coming for months now, but for some reasone we are all still here.....
Hey Derb, did you know that when Javelin/Peacock took over this shell the CD was already attached? Just curious.....
Now lets get this straight. I don't want to miss understand anything here.
1) FCCN became compliant so that Aero could become a public company, and then be secretive and go non-reporting.
2) They are doing a Reverse Merger because they couldn't afford an IPO because an IPO costs much more than a Nextel Car Sponsorship.
I am with ya. Keep it coming. My jaw is starting to hurt from laughing. imo
Was I not asking serf for his opinion with my first post on this board? In a CONish sort of way?
LOL. Let me say it again. A shell company (FCCN) only became compliant so that a real profit generating company could reverse merge into it to only go on non reporting status. No really Geo it makes sense now. Crack kills.imo
Sounds exactly how the FCCN board treated you when your first post was bashing the stock...... Seems hypocrytical to me, but whatever. Good luck to you.
That has got to be one of the most baseless posts I have ever seen. Where do some of you come up with this stuff. Became fully reporting so that they could later become non-reporting???????????? LOL. WOWZER. Lay off the crack man....imo
They are leaving the company, that wouldn't be their money either, so now they care about the company they are leaving? HMMMMMM.
So now you can come on the FCCN board and post as you feel, but I can't come over here and post what I feel? Strange, seems as though that is exactly why you didn't like the FCCN board. I was just looking to see how you guys would twist it. Serf came back with a respectable post, and hence I didn't say anything more..... You are Con FCCN(no problem with that) and post here. I am Pro FCCN. Is that not welcomed here?
Do I really have to answer that? Do you buy your salary?
serf now that Peacock and company own 31 million shares what do you say? O' wait I already know. You will find a way for that to be bad. Just as before it was a bad thing that they didn't own any shares. IMO