FCCN appears to me to be in a win win situation. The worst that can happen is the acquisition doesn’t go through. In that case, FCCN gets the $1.5 million dollars back with some sort of penalty and they pay off the $203,000 debt. GGI has already liquidated their shares for the $1.5m.
FCCN would end up with a clean shell and $1.3 million in the bank, if the deal didn’t go through.
With the merger we get Aero which is the best situation and the one by all appearances will be completed. But the remote alternative works in FCCN’s favor also. Either way FCCN is worth a lot more than the current share price.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.