3SOF

Here's an FCCN's updated chart.

The rebound is happening as planed, $0.045 is the first resistance level from a technical point of view. To be honest, I think it will not stop this move.

regards,

People, don't be fooled. Reducing the authorized shares from $5 Billion to 200 million does not change the facts about this company. First of all when I had originally suggested that to the CEO he didn't want to reduce it and now that I have been posting about it he decides to reduce it.  But don't be fooled this is just a way for them to try to get the pps up again so that they can start dumping shares on you, just like they did last time. Don't forget there is a fifth convertible CD that is due.

Second, now that the float has increased to 100 million, it will not go up that high again.

Last, remember they are incorporated in the state of Nevada so they can issue extra shares at any time without informing the public.  So reducing the authorized shares to 200 million means nothing when they can increase it at any time.  This is just another attempt at sending out multiple news releases to pump up the pps.  It is just a pump and dump.  FCCN has nothing going for it and the CEO admits in fill-the-gaps answers above that they plan on selling kokopellis just like they sold fit-n-healthy.  And I bet it will be sold to CEAT, (the former CEO of FCCN).

That said, it is just a matter of time before it starts tanking again and then you will become the new bag holders.  You might just get lucky and get out but it is pretty risky IMO.

I would strongly suggest that you go back and read my old posts and doing dd before investing in this company.

 SS said..."this is just a way for them to try to get the pps up again".

I agree, and I think they will be successful...I don't buy COP, GOOG, X, or any stock long term...and I'm not falling in love with penny stocks either....from what I've been able to gather over the years, all stocks go up and down....I try to get in on the ups and stay away from the downs. 

Well, then again, I might fall in love with SWN or CHK through the winter with gas prices soaring, but it'll be a short fling. 

Folks,

Follow the charts, trends, volume and fundamentals, they do not lie.

Feeling great about FCCN near term.

Some people only look for the negative.  Take it for what it is.  A bullish company and chart.
The fundamental side has already been addressed.  Reducing the shares is a bonus to the news coming.   

runforthedoor,

My feeling is that it won't go higher.  I might be wrong and it might go up a little but the risk / reward ratio at this point is too high.   I still don't think it will go up as high as last time because the float has increased considerable.  Also if you notice the current volume is much lower then it was last time.  There are other pennies that have a lot better fundamentals and are not just pump and dumps.

Also note, the most recent reduction in authorized shares from $5 Billion to 200 million will not be reflected on the 10Q because it happened this quarter so the 10Q is still going to show 5 Billion.

Also I thought the CEO had told me the 10Q was due on September 28th.   

  Though I was only lurking here in july, I did get in when FCCN made a 500% runup in about one weeks time....I missed the bottom and top of that run, but made a nice profit anyway. This could very well happen again if the rest of the news is good...when it moves, IT MOVES.   And thanks again FTG for great info.

 With that said... I see over half of Shootingstar's total posts here are made on this thread and always in disfavor of FCCN...I have also seen a Shootingstar at RB message board doing the same and evidently for some time and continuously. SS, you seem to have a vendetta against FCCN for some reason...your dislike is well documented. I don't mind someone stating their reasons for not liking a stock...in fact, I appreciate it...but I like this board because it isn't like the others, where the back and forth crap is out of control. So please refrain from turning this into an RB board. Thank you

  SS...speaking of the volume...I've watched this stock alot since the last run...after the run died, volume was under 1 million quite often and it was in a range from .02/.032 for quite awhile....volume has been picking up the last week without doubt...the last big runup in july included days of 15-20 million and some days from under 5 to just over 5 million. This is just the start if it is a runup...volume is rising and so is PPS, up from that range I listed above to as high as .045 today....we'll see in the coming days, but right now, I feel pretty good about it's potential to go HIGHER. 

Runforthedoor,

I am just stating the facts about FCCN and what I have discovered.  You have posted as many times as I have on this thread.  Everything I said was true and was verified.  I haven't repeated myself on this board.  Each post is different with new facts and there is no back and forth going on here.  People have the right to know both sides of the argument. I have no vendetta against FCCN.  I am just trying to help people from making the same mistake I did.

So Runforthedoor please take your own advice and refrain from turning this into an RB board where no one wants to hear anything negative about a stock they own because it would not be in their benefit.  Thank you.  

ShootingStar,

We are respecting leaving your name out of the posts.  Please respect the community.

Your past posts may have been somewhat correct.  But they need to be updated as the company already addressed the concerns as posted before in this thread.  I agree with runforthedoor, what is your motive?  I spent an hour replying to the same post you blast around FCCN boards and you did not even read it.   Please refrain from turning an amazing SOF board into a debate.  We are all here to present updated facts and to discuss ideas on making money.  We listened to your concerns and they were addressed politely.  Please respect the community.   

The outstanding shares has not increased dramatically.
And FCCN is not selling shares to market.  Low float even if the shares increased.
But the new today will further help the price moving forward with new investors coming in.

The float is very very low compared to most Bulletin Board companies.
It moves exponentially as evidenced by the most recent run.
But this time factor in more sales, Comstock Jake's and 90% ownership in Kokopelli's.

FCCN has no expenses other than overhead.
The Franchisee pays for everything.
I have a packet right here on my desk.
Very professional.  And they followed up with me to answer any questions.

With 73 units * Franchise Fee and then the 6 % revenue per location,
FCCN is a cash cow.

The Franchise Fees will rise as they open more.

With a Business Development Company, the valuation is based on the franchises under the umbrella.  Let's not forget that FCCN now has 90% of Kokopelli's.  But Comstock Jake's is beginning to open and more companies sit under the FCCN umbrella.

With 2 units already operational and training for Franchisees already taking place, FCCN stock may start to spring forward.  1-2 opening per month and selling 5 per time.  Nice time to become an investor.   

FCCN News:

September 28 - Franchise Capital Corp. Reduces its Authorized Shares

Franchise Capital Corp. (FCCN) announced today that in a meeting held on the afternoon of Sept. 27 the board of directors voted to reduce the company's authorized shares from five billion down to 200 million. The move was made in response to the large number of shareholders who voiced concerns regarding the high number of authorized. The board also voted on many other issues including several to be announced in the coming days.

"Shareholder value is a primary focus for all of us at Franchise Capital and lowering the authorized is a clear indication in our commitment to our shareholders," stated Edward C. Heisler, Franchise Capital Corp. president and CEO. "The board also made several other important decisions which I believe will impact the company very positively. I look forward to announcing these in the coming days, including our 10-K, which I anticipate to be filed later today."

Fill the Gap,
How long did it take to get the packet. I requested franchise info over a week ago and haven't heard anything yet.
BTW, I agree with all you have said about this stock and am in it long. I am very interested in a Kokopelli Faranchise.

It took about 6 days to get here.  (southeastern US).
You may want to call them and make sure they had the mailing information correct.
Let us know what you think.

Runforthedoor and fill-the-gap,

Thanks for the smites.  I know you guys keep giving me smites.

  Well, SS, sorry to disappoint you and your telepathic abilities but I just now read your reply and have never smited anyone...but if it will help put you at ease, I shall comply with your accusation. 

  For the record, let me state once again, I fully appreciate when someone states why they would not buy a stock...in fact, if you will kindly jaunt your memory, or check an earlier post, I do believe you will find that I thanked you for your info and opinion...in fact, I distinctly remember APPLAUDING you...and you making no mention of it at all.  Anyway, I, and I would guess most everyone else here, fully understands your position on FCCN...you have been quite clear more than once. So thanks again, and please find a stock that is going higher tommorrow for us to buy and post it please. 

Just got off the phone with Gary Reid.
He said the filing will hit the wires today along with a PR about a 'glitch' that happened yesterday.  So we will get the filing today.  He confirmed very positive news coming in the next few trading days.  Worth paying to see.