I love your two year estimate. I can surely wait that long. I have no problem adding to my position at these levels.
Easy does it.
Go BEARS!!!! 2007 is gonna be a great year for ole SteveoChicago and the other FCCN investors. Sure, even the flippers can make money on some of the pullbacks.
- The settlement agreement FCCN reached in sept/oct of 2006 (from court document ruling) requires that none of the shares in the escrow will ever be released to GGI for them to sell. - after 2 years, they will be allowed to sell 2.5M$ worth of shrs which would mean that all debt obligations to GGI are met at that time. - till then they have to sit and not get any thing. [Seems to be a great deal for GGI. But that is besides the point as far as we the current FCCN shareholders are concerned.]
Bottomline is -- GGI cannot access those shares for the next 2 years. Is that correct?
Thats fine that they explained it to you over the phone, but that does nothing for people holding and wondering about this O/S & A/S. Until they publicly address this big question mark this will be in the hands of MMs and daytraders looking to flip this thing on small swings