Most dilution in penny stocks is bad, bad, bad. But in the "blue chip" world we call it raising capital. It works great as long as its controlled, this is where one must have faith in the co. I am well aware that faith in a co. is hard in penny land, but sometimes it does happen. IMHO
FCCN needed money to pay for the merger, FCCN's "credit rating" is terrible so no regular loan is possible. They owe money to GGI anyway but they have to beg GGI for more as no one else will loan them money. GGI gets 60m+ unbound, 780m in controlled release escrow. FCCN gets $220k debt paid, $850k on the 12th, and the rest later. GGI watches PPS shoot up due to increased trading, they have been burned by FCCN old mgmt so they release the 60m+ into the market and we all scream dilution. IMHO in had to be done where else would FCCN get the money for the merger. ALL this is based on my opinion and my conversations and understanding after talking to Andrew. I am open to critique and new ideas/info. IMHO
All posts are my way of spewing useless nonsense from an otherwise empty mind! Only believe me if you commonly believe crazy people.