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Re: ToddWH02 post# 87684

Thursday, 10/11/2007 12:09:13 AM

Thursday, October 11, 2007 12:09:13 AM

Post# of 162847
Peacock said the loan was "drawn down"...

Todd, I have alot of respect for you. So, please don't take this personally. I really appreciate the hard work you've done here. But just because I haven't been here as long as you doesn't mean I'm wrong.

Pietro agreed with my calculations, called them "genius" as did others. I am not saying this out of ego, I'm repeating it because I know the analysis is correct and I hope the opinions of others will make you take another look. Please read the following:

From the January 30, 2007 PR:

"The escrow agreement was designed to allow Franchise Capital to set aside a sufficient number of shares to cover both the settlement of debt and to allow access to capital as the company moves forward with its acquisition of Aero Exhaust..."

http://www.franchisecapitalcorp.net/upload/FCCN_PR_01-30-07_8-K.pdf

And from the March 14, 2007 PR which discussed the annual shareholder's meeting, please pay close attention to the language employed as to the nature of AERO's loan:

"Among the topics addressed was the amount of capital currently drawn down by Aero as part of the $1.5 million loan made available by Franchise Capital. Mr Peacock estimated the total amount drawn down to be approximately $1.2 million thus far."

Additionally, using any of the formulas used for the GGI debt conversion, the lowest possible multiple had to be less than

.0008

444,000,000 x .0008 = $355,200

GGI was only owed $220,000.

And the .0008 multiple is much lower than any possible multiple used which means that dollar amount would have been much greater than $355,200 for any five day period between November 2006 and October 4, 2007.

Seriously, there is more to this than you are giving credit.

Take another look at the math. Let's try to come to agreement. I am open to anything you have to say.

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