3SOF

where do you see the exit point of fccn?  if it reaches 0.04 where some got in?  Seems far off but you never know.  Have faith and hope I guess.  PR seems good no?

I don't view this as good news at all.  FCCN has basically nothing right now besides a pile of cash.  Until we hear what they plan to do next, I will not be investing.  I don't have faith in them to choose projects properly, considering they basically just liquidated their company for no apparent reason. 

Quote from: slomo007 on October 05, 2005, 12:45:30 PM
I don't view this as good news at all.  FCCN has basically nothing right now besides a pile of cash.  Until we hear what they plan to do next, I will not be investing.  I don't have faith in them to choose projects properly, considering they basically just liquidated their company for no apparent reason. 

My sentiments exactly.  I'm out.   I don't see much value in them holding stock of the company that holds stock in these concepts.  Time to do some DD on CEAT!

well bought like $200 worth, at 0.0265 so since did not take profits at 0.042, guess will hold now since no sense in selling.  I assume others here have greater stakes than me on this.  For all, hope this turns around and their vision is indeed good.

The company feels that this deal will create more share value.
We now have a stake in 4 more concepts.  But I originally bought because of KoKopelli's,

The decisions will take some time.  Ed said today that he expects to invest the money in some existing concepts in the following weeks.

I am not happy how this played out.  But the lesson is that I should have followed the rule of selling half on the double.  Actually, bought more and have taken a substantial hit.

The value (on paper) is much better now.  But the market wants to know where the cash will be invested.

Well this stock and its press releases reminds me of EPYH.OB

I have traded both in the past and lost a lot on FCCN and made some big on EPYH. But will caution all against buying the press releases.

Cant suggest buy or sell but just a general caution for all OB and PKs.

Well, I'm no businessman, just a humble scientist, but the deal makes no sense to me or the market...yet.  Therefore, I have to think that this is not the last word in this.  This is a shell game between FCCN and CEAT, just swapping assets and cash, that's all I see anyway.  If I take management at their word, then FCCN will broaden into other franchises but then, what was stopping them before this deal?  There was no guidance in the PR on this other than this allows FCCN to be more diversified.  They needed cash so they sold most of their franchise interest at a profit?  Methinks there is more news to come.  The market wants future value, not assets.  I'm just confused as to why do this, there has to be a reason that does not appear obvious at the moment.  It doesn't seem that anybody really gained much profit from this deal.

This thing tanked before I had the chance to bail so I'm stuck...

Looks like FCCN has sprung to life again re their LOI to obtain a 20% interest in Lucky Lou's restaurant.  I live in Arizona and will check out the restaurant to see if it is as good as described in the PR.  Will let you know.

The information gathered leading up to the past few weeks was promising.

The part that truly bothers me is that I purchased FCCN for KoKopelli's.  When FCCN issued press about taking 90% ownership and followed by stating the plan was to open nationally and then sell after 4-7 years, I added to my position.  Selling the assets with no major plan in place is a mistake with a publicly traded company.

I lost a great deal of money and apologize for any who also thought the pps would rise.  This was not the expected news.  Perhaps, FCCN will recover with more future value.    

We are sure moving today. May be some news.

almost back to subpenny land where its run started.  do you feel that this has another run in it or do you think should sell and get whatever you can before it falls further?  Have small stake, so trying to get others opinion who might still be on it.

I got out a long time ago.  It's beyond me why FCCN head honchos thought selling off their restaurants would be a good idea.  People bought into the stock because of the promise of the businesses they were developing, not to see them get liquidated.  Now they have a little stock and a little cash and are looking for other promising business ventures to turn around and sell off.  Sure, FCCN has some monetary value now but how do you predict future growth?  Isn't that part of what it's all about?

Catrader and Basonista,
I would hate to give any opinion on this stock. I invested under the false impression that they were going to hold the portfolio companies for 4 to 7 years.
  Even though they have stock in CEAT , it isn't near the worth that it was when they held the companies.  I am down 80,000.00.
I don't know how many caught this, but in an S-8 dated 7/27/05, Ed Heisler recieved 5000.00 a month and 300,000 shares of CEAT for consulting work. This was done under the heading "Securities offered to employees pursuant to employee benefit plans"
Now he turns around and sell FCC's portfolio for 200,000 in cash and 3,583,667 in shares.
I have sent them a fair warning email today letting them know that I am about to send a complaint and a truckload of documentation to the US district Attorneys office and the SEC in light of the sale of their portfolio.
I have done hours of research and quite frankly the whole deal doesn't make sense.
I am not accusing them of anything, I will let the SEC and DAs office decide that.
If others feel the same as I do, I would suggest doing the same.

i dont think fccn have an o/s of 12 mil .....its really more than that .....  i have been trading it  in the past  month and the CEO admit they have been dumping some shares to pay their future acquisition.....

i still keeping an eye on it  ...It s  a  good pick anyway

AKA,
you may want to email Ed Heisler [email protected] about the O/S.
He let me know VIA email a few days ago. You may be surprised.