Replies to post #87626 on Aero Performance Products Inc (fka AERP)

[ToddWH02]

The 1.9 million loan TO AERO was "drawn down" from the GGI escrow. Whether AERO sold any of those shares or kept them all is not known.

I find it quite amusing that you are trying to correct me as to my interpretation of these agreements.. again, I've been here for 9 months and have been over them with a fine tooth comb.. the $1.9 million was not "drawn down" from the GGI escrow.. it was provided to AERO from funds that resulted out of the stock sale agreement whereby GGI was required to purchase 10,000 shares of restricted stock for $10,000 for every $1,000 that was redeemed from the debenture. In total, GGI paid FCCN $2.2M for 2.2M shares of restricted common stock. $1.9M was loaned to AERO.. and the rest was used to cover merger costs.

That same $1.9M is what afforded us a larger share of AERO. The conversion into AERO common stock meant that instead of FCCN shareholders receiving 5% of the new public entity, we received 5% plus the value of the $1.9M that was converted into AERO common stock just prior to the share exchange.. no where did I imply any form of hidden dilution. Wow.