lordstacey, plus the crucial factor to me
when it comes to GGI is this:
there was a lawsuit-monkey that had to be
disposed before Aero would agree to go ahead
into a RM arrangement with the previous FCCN shell.
So in addition to what you said (".......
FCCN needed money to pay for the merger, FCCN's "credit rating" is terrible so no regular loan is possible. ...........")
the more important thing in my opinion is
they had no choice but to get to some settlement
terms that 'GGI will agree to ' to close out
the lawsuit-monkey which the previous management created.
Now, that the lawsuit is settled, we can expect that
most major hurdles/nuisances from the past have been cleared
for the merger to proceed.
And as far as future dilution out of those 780M shares issue
is concerned, that is not a problem.
Imagine if a different company goes and gets loan
from GGI and puts out a s-8 to register those shares as
a collateral.
they will use the loan (draw down on it) and hope to repay
back in cash or in shares that get sold at a future date.
In our case, we know these collateral shares (780M escrow) are
locked out for a while (atleast until after the merger is complete) and so no way those are hitting the market in the
next month to 2 months.
Can't ask for a better situation than that -- given
the clean out that needed to happen.
All in my opinion only.
