Replies to post #72 on Scam Plays and DTC "Chilled" Stocks - Beware of Bo

[TruckerChris]

Hey all,
I had to give up the dream of great riches from fccn. There is no way that fccn is not being diluted. Every PR comes with heavy selling.
Hopefully, this has this has shown me once agian why emotions are not needd and should not be used in the penny market. It's a kill or be killed market here in the pennies.
I have gained much respect for the one I once rewdiculed here on this board.
GLTYA
if anyone is interested, PM me about FeedReader. It will change your trading world.
CJV

[DERBENSKI]

Continuing with the Javelin story...

We left off with the voting perferred shares being exchanged for 1-1 conversion shares that were not affected by a reverse split. What was just a voting interest, 5k now became a real interest. The stock was reversed at 200 for 1 leaving an OS of 826,866 share.

The non 8,450,000 nonreversible preferred share would now be equivelent of 90% of the OS. As you can see from the following chart, this was quite a sum.

Quarter Endings Quarterly High Quarterly Low Quarterly Close
3/29/2002 60.00 20.00 60.00
6/28/2002 90.00 1.40 1.40
9/30/2002 20.00 0.30 0.30
12/31/2002 8.00 0.20 0.20
3/31/2003 2.00 0.12 1.60
6/30/2003 0.20 0.12 0.12
09/30/03 28.00 4.00 16.00
12/31/03 .80 0.21 0.21

The lowest price during the quarter ending 12/31 was .21, giving the preferred shares a paper value of $1,774,000. Not bad for a 5k investment.

The annual report shows preferred share holdings as follows.

Steven R. Peacock
CEO and Director
Series C Pref. 2,816,666

Shane H. Traveller
CFO
Series C Pref. 2,816,667

Strangly, while the previous filing stated that Shane Traveller was issued all 8,450,000 shares, both Shane and Steve are showing like amounts, indicating that they had a 50/50 deal going. It also shows that together they hold 5,633,333.

Missing? 2,816,667 shares, indicating that it was a three way split.

Who was the third party?

Derb