InvestorsHub Logo
Followers 0
Posts 474
Boards Moderated 1
Alias Born 09/11/2007

Re: suikoden post# 87241

Wednesday, 10/10/2007 2:48:42 PM

Wednesday, October 10, 2007 2:48:42 PM

Post# of 162847
It's all about the escrow account....

Aero needed money. They were allowed to draw down shares from the escrow account against the loan. Everybody believed the escrow was only for the benefit of GGI. It was for AERO as well.

The "so called" loan to AERO was only a loan "on the books", in reality they got cash + majority ownership of FCCN.

THE FOLLOWING IS JUST AN ESTIMATE

If they drew down, for example, 350,000,000 shares from the escrow account at sub penny, then sold 75,000,000 shares at a recent high of .033

75,000,000 x .033 = $2,475,000

Plus 300,000,000 shares still in their possession of a 564,000,000 O/S

so what if they only own 55%, that's a pretty good deal if they don't have amazing financials which is exactly what I expect the 8K to show.

This is a growth situation.





Join InvestorsHub

Join the InvestorsHub Community

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.