FCCN.OB > Is now > FCCN.PK

[gmarc66]

FCCN had a gpattern breakout and did nicely today. Now needs to crack and break beyond its last high achieved during the last run which was .0268.

Amarens, perhaps this pr from August could help u to determine exactly what is going on between GAMN and FCCN. I read it breifly, barely understood it...lol

Wednesday, August 16 2006 2:46 PM, EST

Franchise Capital Corporation Shareholders to Receive Share Dividend From Sale of Kokopelli Franchise Company, LLC

SCOTTSDALE, AZ -- (MARKET WIRE) -- 08/16/06 -- The Board of Directors of Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that the company has entered into a purchase agreement with The Great American Food Chain (PINKSHEETS: GAMN) that includes a common stock dividend for shareholders of Franchise Capital Corporation in consideration for the sale of Franchise Capital Corporation's interest in Kokopelli Franchise Company, LLC.

Under the terms of the agreement, The Great American Food Chain will receive Franchise Capital Corporation's 90% interest in Kokopelli Franchise Company, LLC. In consideration of the receipt of the interest in Kokopelli, The Great American Food Chain will deliver of up to 720,629 shares of its restricted common stock to the shareholders of Franchise Capital Corporation and assume a note payable, which Franchise Capital carried related to the asset.

All Franchise Capital Corporation shareholders of record as of August 31, 2006, as listed with the company's transfer agent and registrar, Transfer Online, will be eligible for the stock dividend. Shares will be issued at a ratio of one Great American Food Chain share for every 100 shares held in Franchise Capital Corporation. Certificates are expected to be mailed to eligible shareholders within sixty days of the record date.

The Great American Food Chain, Inc., whose closing stock price as of August 15, 2006 was $.50 per share, is a restaurant holding company based out of Dallas, Texas specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. In addition to the newly acquired Kokopelli Fresh Mexican Grill, The Great American Food Chain also owns Spikes Boneyard Grill and is finalizing a licensing agreement on a third concept.

The company has also entered into a letter of intent (LOI) with Javelin Advisory Group, Inc. Under the terms of the LOI, Javelin will provide several services for the company including the preparation of financial statements of Franchise Capital and all necessary SEC filings to bring the company current with its filings requirements, organize and oversee a shareholder meeting to withdraw Franchise Capital Corporation's BDC status, and commit to a minimum capitalization target for any merger that would be in line with Nasdaq small-cap requirements.

[D&Data]

FCCN continues its run...now 0.05 $
http://finance.yahoo.com/q/bc?s=FCCN.PK&t=5d

[carl4050]

Where does FCCN get the money to lend out---their Fin ST reflects they are broke?

[hostastock]

FCCN 8-K due out this week.. Merged with aero exhaust. Holds patents on there exhaust. What other exhaust has patents? And OEM deals in the works.. This should be big.. Keep an eye out..
Rusty Wallace spokes person  (retired nascar driver)
http://www.aeroexhaust.com

Also keep an eye out for GRXI

[setravis]

"FCCN.PK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                  
All history on a stock pick in 1 thread is awesome.                                                    
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                           
Thank You....and good luck with all your trades....make some $$$         

[hostastock]

Thanks I did that check. I thought it would be better to start a new thread since now its going to change the name. New name new thread.

[setravis]

"If" ,and "when" this should start trading under a new ticker symbol.
I will change the name of this thread to reflect that.
Good trading to you...