I think the 1$ buying price on these restricted shares that GGI
will be getting is a way to start another round of financing
from GGI to Aero.
my guess on this is as follows....
- GGI can use this process to give up to 2M$ more to Aero
by drawing down on the remaining 200K$ from the debenture.
[for which they will get the shares out of escrow and sell
those to make back much more than the 200K$]
- these 2M$ additional that GGI will thus give to Aero will
give GGI additional 2M restricted shares in the merged Aero
(as per the 1$ price stipulated on these).
- they can then sell them later after the re-organization post
merger, when the new share structure is in place.
i would presume that as part of this restructure, the
shares could be reduced at any ratio needed (like 100 to 1 for
example) to make sure that the new trading share price
is well over 1$.
the restricted shares won't be reduced and stay the same.
in effect, GGI can then sell those 2M restricted shares
at well over 1$ a piece to recoup back the 2M$ they would
have given.
so GGI won't loose. And Aero/FCCN gets the 2M$ moneys they
now need to complete the merger.
in the process what is going on is --
much of the FCCN escrow shares
will make their way into the float ; i hope
they won't kill the share price even more in this whole
process.
If this is not true, they need to say something more
strong to protect the current FCCN shareholders.
I have not heard anything towards that yet, unfortunately.
All in my opinion only.
