I just want to go on record here, before I cash in on the eve of the 8K filing, that after much consideration on this topic, I think I am starting to agree with the this number for AERO's O/S. Not saying it is for 100% certain, but I think there is a strong possibility. The part that makes it so hard for me, and probably a lot of others to believe, is that it seems counter-intuitive to the way "penny investors" think.
The math moreshares provided is accurate, but the logic is what kept screwing me up. How, and why could it happen this way? It helped me to forget about percentage of ownership, and think about it like this:
When the GGI escrow was initially established, the O/S went from 77 to 950+M shares. That is where we got the massive dilution, and consequently a low PPS...looks bad for FCCN and too much uncertainty. Now we see that 400M shares are retired from escrow, and O/S is effectively 560M...unheard of you say, and I agree. It is hard to believe, unless you think of what AERO's goal is (IE: to get uplisted to AMEX min. ASAP!)
The best way to achieve that goal is to have this suprisingly favorable share structure, with a decent balance sheet, and large growth potential. Why would they want to take a billion plus out of the A/S in a share exchange, and then be forced to R/S to get back to reasonable O/S for uplisting.
It just makes more sence to me that Peacock structured the deal this way. AERO got the loan (cash for merging and upgraded production) and now they get a clean shell with only about half of the O/S that was reported. Sounds like a sweeeet deal to me!
GO AERO!!!
Peacock rocks
