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News Focus
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syffud

01/21/07 2:09 PM

#24459 RE: power_forward #24452

If the SEC is on my side, I don't care how big GGI is. They can't win.
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Bull Trader

01/21/07 2:13 PM

#24461 RE: power_forward #24452

The fact here is that GGI will be gone if they are not already - one way or the other. Completely different scenario than GZFX. FCCN is further along than you realize in regards to this and several other issues that will be coming out in PR's and more filings very soon. Part of AERO's DD was to ensure that the shell could and would be clean - they would have NEVER signed the definitive agreement if this wasn't the case. All of this debate will be answered in PR's that have been written up and are ready to be dropped in almost sychronization over the course of a few weeks. Peacock knows PR's will drive this machine.
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lesnshawn

01/21/07 2:17 PM

#24464 RE: power_forward #24452

power_forward72: It appears you're missing the point here. GZFX had a clear need for financing through the issuance of shares due to the nature of the business they're in. It's unfortunately, the nature of the beast with public startups in most cases. Especially those that need a lot of necessary upfront capital to support ever growing overhead on the road to success, like GZFX had.

In this case, Aero doesn't need that...FCCN doesn't need that. What FCCN did in the past with respect to GGI and shares issuance, was done incorrectly and illegally and therefore it appear that in due course (prior to the commencement of Aero finally going public), those shares being held in escrow for "the benefit" of GGI will be canceled - finito, kaput, end of story.

Sometimes, the "good guys" do win. This may be one of those times. It appears to be so far.

JMO,
lns
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WinningTrade

01/21/07 4:17 PM

#24538 RE: power_forward #24452

I am aware of that and I didn't draw you and ttoon's attention for the heck of it. The fact of the matter is that the C/D was done illegally and therefore the shares issued are null and void just like the share reduction to 200m. Games N' flix is not a BDC corporation, FCCN is. You can not perform this type of financing under a BDC in the first place, hence the SEC has already ruled that the shares do not apply! That is why when Golden Gate sought litigation, they went after the top 3 execs at the time and not FCCN itself. Mr. Peacock would not revive a shell that could not or already has been divulged of the matter. Mr. TrendGreen