Replies to post #100 on Scam Plays and DTC "Chilled" Stocks - Beware of Bo

[ClayTrader]

Exactly! The chart has dilution written all over it... well, either that or somebody is dumping shares... it broke through .005, so IMO it is just a matter of time before triple zero's arrive... I don't think it'll be at triple zero's anytime soon, but within the next few months it'll get down there... slow and steady drift...

Their PR's are starting to remind of me GLXI's (now UMNG)... after awhile, they released them and the market didn't react at all to them... I see the same thing happening here.... I mean the company delivered about 7 PR's in 5 business days during that one stretch and all the PPS did was go sideways and then down...

The writing is on the wall here that FCCN is turning more and more into a POS by the day. It is evident more and more people are "seeing the light" as their boardmarks continue to fall... now below 490 when it was above 500 last week...

People just need to learn to cut losses. I know of three people that finally just bit the bullet and cut losses, and they've told me how "free" they feel now to go and trade other stocks... huge psychological barrier that needs to be overcome, but the 3 people I know of who did it have told me how much better they feel now....

[LoanStew]

Earnest,
This was deleted from the FCCN board within 1 minute...

FCCN post 102975
Posted by: LoanStew
In reply to: stocky30 who wrote msg# 102972 Date:11/7/2007 11:53:12 AM
Post #of 102975

Stocky30,
There is no money, so it will have to come from shares.
Since they already spent over a billion shares to purchase a company that was bleeding money, if Dr. Gas's financials are better, that price goes up.
There are a few options:
1.Immediate large reverse split. Wipe out most of what is there, to issue more immediate shares to Dr. Gas.
2.Issue preferred shares to Dr. Gas, and then do a reverse split but make sure the shares were not affected by the reverse. Costs less shares, accomplishes the same purpose, but still wipes out the prior holders.
3.Wait a few years, pray the company gets out of the moneybleed, and then hope to acquire for cash and less shares.
4.The LOI was just that, and didn't have any meat to it, and there is no deal.
5.Dr. Gas, no matter whether the revenue is 590K or 3.7 million, is a money bleeder, and they acquire it for a similar amount of shares as Aero, maybe a little more. Shortly thereafter, a reverse would be necessary because there is no cash to handle the ongoing losses of the merged 3 companies.
Another couple of points to consider...
1.If FCCN/Aero's/Dr. Gas's items don't conform to the adopted standards, and can't be ultimately marketed worldwide, what good is the claim about 25% increased efficiency in MPG anyway?
2.See Derbenski's 2 posts (72 and 98) on a prior Javelin entity, and ask yourself...will this happen with this company, another Javelin product?
(from post 72)A special meeting of shareholders of Nicholas Investment Company, Inc. was held on November 10, 2003 where the following actions were taken by a majority vote of shareholders:
1. The Company's Articles of Incorporation were amended:
a. To effect a one-for-200 reverse stock split of the Company's common stock (the "Common Stock") by reducing the number of issued and outstanding shares of Common Stock from 165,373,752 to approximately 826,866 (the "Reverse Split"); and
b. To authorize 550 million shares of capital stock of the Company, of which 500 million shares relate to Common Stock and 50 million shares relate to preferred stock, subject to further designation by the Board of Directors of the Company; and
c. To permit action upon the written consent of less than all shareholders of the Company, pursuant to the Nevada Revised Statute.
2. Messer's. Peacock and Traveller were elected members of the Board of Directors.
3. HJ Associates & Consultants, LLP were approved as the Company's independent auditors for the coming year.
4. The Company's sale of common stock at prices below net asset value per share was approved.
http://www.secinfo.com/d16gRg.1d.htm
We now have the situation that once voting control was captured through the issuance of super voting rights, that the above amendments to the articles of incorporation were rammed through.
Now about that 5k investment also from the same filing ....
"On November 14, 2003, the Board of Directors created and approved a new series of preferred stock, Series C Preferred, which consists of 12 million shares. The Series C Preferred Stock does not earn interest, is not entitled to receive dividends and does not have voting privileges. The Series C is convertible into shares of common stock on a 1:1 basis at the election of the holder or, in the event of liquidation of the Company, it converts automatically. The Series C Preferred, while not voting stock, is entitled to name two directors to the Board of Directors. On November 10, 2003, the Company issued 8,450,000 shares of Series C Convertible Preferred Stock to Mr. Traveller in exchange for all of the outstanding shares of Series B Preferred Stock. The Series B preferred stock was subsequently cancelled by vote of the Board of Directors."
(from post 98) 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
Strangely, 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?

I surely would think that situations like this would be a red flag for those invested in companies connected with Javelin Advisory Group. I don't want to see any investors here get caught off guard.
Good luck to all.
IMO/FWIW

There is no reason this is off-topic. Javelin is in charge of the share transactions, so history of their prior actions is on-topic as it may occur again.

[GoldenStar]

Probably right, when GGI was associated here the shareholer value was much better than it is now that Aeor has been acquired!

The Exhaust fumes here are killing the shareholders, and I never thought I would see the day where a merger or acquisition was more detrimental to the pps than GGI being involved!

If anyone thinks that Peacock is not diluting this they are mistaken, peacock controls the transfer agent and all shares issued per the 8K.