Just got off of the phone with Andrew from FCCN. To sum up the conversation...I was told that...THE DEAL WITH AERO IS NOT A DONE DEAL UNTIL IT IS A DONE DEAL. I asked him his personal opinion about whether or not he thinks the two companies will reach an agreement, and he stated "THE MERGER IS NOT A DONE DEAL UNTIL IT IS A DONE DEAL." He did say that we should have an answer one way or the other soon, and that they are expected to have an answer within the 30 day window, as stated in the PR.
so...please do not post that the merger is a done deal...because it is NOT...it is speculation...
I asked why FCCN has released PR's for Aero...he stated that AERO is the company that they are ANTICIPATING teamming up with...
Also...I didn't know that FCCN used to be on the OTC-BB...they were delisted to the pinksheets because they were behind on filing their financial statements, according to Andrew. He stated that FCCN should have their financials updated by the end of January, and they are anticipating their move back to the OTC-BB...he also mentioned AMEX (which has a $3 minumum) as a possible alternative as well. I asked him how they planned to get the PPS to $3...and he stated that they were in negotiations with various financial institutions...whatever that means... :)
I asked what effect the RM would have on the PPS...as far as if AERO would be buying FCCN shares or what not...he did not want to speculate...
After talking with Andrew...I feel that he is a straight shooter...and I would have been more concerned if he were telling me that "it is a done deal" and "the PPS is going to be $X", etc...
AI
