You are correct Roger. The 14a is supposed to clear up any confusion and give the particulars of the share count and financing. I will fight for shareholders when I talk to Mr. Traveller tonight(I have his home phone number) and make it adimantly clear that the 83m already introduced into the float pays for the prior debt and the new loan and then some.
The function of the escrow shares and their purpose must be clearly defined in order to rebuild shareholder confidence. The share count now, and if it would be changed in the future, must be disclosed with honesty and accuracy.
According to Mr. Traveller the escrow shares will be used in a way that gives FCCN shareholders an additional 10% in the co. when the merger is complete. He needs to explain or show this function in the 14a.
I have been very to the point with Javelin management when it comes to shareholder concerns and I will make it absolutely clear that they have not yet kept their part of the bargain, with what they have promised in clarifying these processes and rebuilding shareholder confidence and a restored PPS. Of course, the week has just got started and I am sure that they are formulating a good plan. I will attempt to put our 2 cents in that process tonight before it is finalized. Mr. TrendGreen
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