Question...if FCCN is buying aero exhaust as a private company, then why does it say its acquiring all their issued and outstanding shares? Are they already a public company(aero exhaust)?
see this excerpt from pr:
TEMECULA, CA--(MARKET WIRE)--Dec 12, 2006 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News) today announced that it has reached an agreement with Aero Exhaust, Inc., a leader in performance exhaust airflow technology, under which Franchise Capital Corporation would acquire all of Aero Exhaust's issued and outstanding shares.
thanks in advance for responses...
-Steve