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Re: DownWithPumpers post# 85386

Monday, 10/08/2007 1:02:08 PM

Monday, October 08, 2007 1:02:08 PM

Post# of 162847
Here's an educational post...

If you have trouble with investing definitions please read the article this came from:

“Restricted Shares” refer to a company's issued stock that cannot be bought or sold without special permission by the SEC. Usually this is the type of stock given to company employees, insiders as part of their salaries or as additional benefits. These are not counted as part of the float, but they are counted as part of the O/S."

http://www.marketmillionaires.com/hot-micro-cap-stock-picks-under-1-00/314-understanding-shares-gene....


I know it's confusing, but it gets easier as you go along.

DownWithPumpers wrote:

"95% of the issued stock is about 4.75 billion."

Wrong. You are making reference to "authorized stock". I quote from the link I gave above:

“Authorized shares” is another commonly misunderstood term: simply it refers to the largest number of shares that a single corporation can issue to the market or individuals."

"AUTHORIZED SHARES" CAN BE ISSUED. As in, "issued in the future."

"ISSUED AND OUTSTANDING SHARES" ALREADY HAVE BEEN ISSUED

The PR CLEARLY states that AERO shareholders will give up ALL of their shares for "up to 95%" of FCCN's "issued and outstanding" shares.

"UP TO 95%" does not = "MUST BE 95%"

Up to 95% can be anything less than 95%, even 1%, but since the 10-Q form "anticipated" AERO would be the majority shareholder in FCCN (post merger), we can assume that AERO has no less than 51%.

NOWHERE IN THE PR OR IN ANY FORMS DOES IT USE THE WORD THE TERM OF ART, AUTHORIZED in reference to the nature of stock AERO will receive.

















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