Blue Horse, What if this deal turns out to be an acquisition rather then a R/M? Nothing wrong with that and would even be better.
On 12/04/06 Franchise Capital Corporation Identifies First Planned Investment.
TEMECULA, CA, Dec 04, 2006 (MARKET WIRE via COMTEX) -- Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that the company has targeted its first investment under current management and an announcement that includes the details of the investment is planned for later this week.
(A week later they announced a Preliminary Agreement with Aero Exhaust, right on que.)
Since new management was appointed several months ago, Franchise Capital Corporation has been focused on identifying investment opportunities that will build value for the company and its shareholders, as well as working to meet the compliance requirement for a listing on the Over-the-Counter Bulletin Board and other U.S. national markets.
To me this does not look like a Reverse Merger but FCCN's first of several acquisitions, which seems like FCCN will become a holding company. I would rather see FCCN as a holding company rather then doing a R/M with Aero Exhaust. I have a strong feeling this is what will turn out to be. Even better then R/M.
In that second paragraph (bold) it says that they will be up listing to OTCBB, well it dosnt say that they are going to be up listed for sure, but if they are working to be listed on the OTCBB market then obviously they will eventually be up listed.
I also think that if this was indeed a reverse merger, then it would have just happend out of the blue without any prior pr's. Because there were pr's saying that they have identified their "First" planned investment to acquire Aero Exhaust all issued and outstanding shares, then this must be definitely an acquisition of their first of several companies that they will acquire.
That is how I understand this deal, and is a great deal indeed. Better then a R/M deal.
AI
