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FCCN

Started by David Randolph, August 02, 2005, 05:11:52 AM

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fill_the_gap

Frederick,

Interesting that you should mention FCCN.

I have been on the phone with Frank, Ed, Gary (new IR person) and the LLC that purchased the rights to Ohio.

They have apparently sold the rights to 73 locations.  Investors must commit to 5 at a time.  My concern was quality in expanding nationwide.  In other words, if one store deviates from the others and hurts the entire franchise.  Seems they have a tight watch on the locations.  They now have 2 in Arizona.  The debate now is the name.  To be Kokopelli (Sonoran or Mexican-Grille).  The Ohio LLC wants Mexican.  As of now in AZ, one is Mexican and the other Sonoran Grille.  Other than that, the Ohio President of the LLC said that he already went to training in Arizona.  He said it was very professional and the food quality exceptional. 

I have been accumulating all week.  Gary and management said to expect a positive filing the 28th of this month.  They also said to expect some other positive developments in accordance with the filing.  This came after I asked specifically about the insiders buying at this time.  They feel the price is at a low, but you never know.  I am accumulating here due to the fact that it has held this level.  And we know how it can run on the low float.

The most recent news about FCCN 90% ownership increases all of the valuation levels.  I feel great about buying here in anicipation of the filing and potential PR following the filing.

Worth paying to see what the positive developments may be.  ;D
Just one opinion, do the research