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Re: newpontiac post# 28250

Thursday, 01/25/2007 10:04:20 AM

Thursday, January 25, 2007 10:04:20 AM

Post# of 162847
This is from the 14a that was filed ny fccn to the sec:

Percentages based on 920,558,174 shares of common stock issued and outstanding as of January 9, 2007.

2)

Shares issued to Golden Gate Investors are held in an escrow account. While the shares are in escrow, the shares are voted by the Franchise Capital Corporation Board of Directors. Since Golden Gate Investors has neither the right to vote the shares nor the right to dispose of them, Golden Gate Investors does not meet the definition of beneficial ownership of the escrow shares. Were Golden Gate Investors to be considered the beneficial owner, Golden Gate Investors would control 843,818,400 shares, which is approximately 92% of the Company’s issued and outstanding common stock.

I think more than 843,818,400 were given to GG in the amount of XX,000,000 and that is what is being sold off. IF that is true it will take more than a day or 2 to sell off. FCCN IS NOT diluting shares. The other sells we are seeing are nervous investors.








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