true ; until FCCN management puts out a filing/pr
clearly and unequivocally stating that
a) GGI does not get shares of common stock that they
can dump into market when they reduce the debenture amount
by converting into shares and that any such shares are
restricted by 144 ; plus it would be wise to state
clearly what the restrictions on GGI are (as per 144) on
when they can sell them
b) clearly state what they plan to do with the big A/S
and large escrow portion of the O/S and when they plan
to do it. i.e. what portion of the merged company pie will
be owned by current FCCN owners/shareholders and what portion
by aero private owners.
these two will help a lot.
Now, if as some are thinking the GGI shares are restricted, which
means they are not sold but held by GGI, then it means
the 83M are still being held by GGI, which would violate
the 4.9% ownership restriction on them.
[as i see it 4.9% of the O/S of 900M including the escrow
shares is .049 x 900 = 45M]
All in my opinion only