These bashers they are something aren't they. They point to that giant disclaimer fcm just filed and bring out only the bad parts.
Do you believe they had the unmitigated gall to point to fcm shares outstanding growing from 1996 = 6,475,984 to a figure of Today = 38,276,236. This is without the new financing deal which the cfo says will only add another 2.4 million shares to the float. That would leave us with about 40,675,000 shares "THAT'S NOTHING". The best part is that this was done without a forward split, yup not one forward split, but we did have that darn reverse split of 1 for 10. Now that would mean todays shares would be a grand total of 406,750,000 without that reverse split. THAT'S NOTHING...
Do you believe they had the unmitigated gall to point at this as if something was wrong with this disclaimer:
WE DEPEND ON SEVERAL MAJOR CUSTOMERS.
Our sales have been concentrated in a relatively small number of customers, who account for a significant portion of our revenues. During the fiscal year ended June 30, 1999, a single customer represented 76% of sales. The loss of any major customer could adversely affect the Company. The Company has no ongoing supply contracts with any of its major customers.
So what fcm states that the loss of any major customer could adversely affect the Company. So what, fcm don't have a contract with usat, and fcm said back on May 13, 1999 when they filed an action with the Ventura County Court that they did have a contract with usat and usat had just suspended that contract. So what that DBest spoke to helen west on June 25, 1999 "TO DEBUNK LIES AND BULL ON CHAT BOARDS", and she told him two important items which he in turn related to shareholders.
ragingbull.com
1) She told him, that usat comtinues to order products, so it is safe to assume that this contract, that we now know is not a contract, may have been cancelled, but then helen west told dbest that usat was back in the fold, so maybe the contract was reinstated, but it is now no longer effective, because fcm says so in yesterday's filing.
2) It would seem if dbest did not lie about his call to helen west that the 6 million newly registered shares were not new at all. However today we know that now there will be 40,675,000 shares out with options and the new shares to Crescent.
Do you believe those bashers had the unmitigated gall to point out that fcm will "POSSIBLY NOT DERIVE ANYTHING FROM THIS DEAL WITH CRESCENT, AND THAT FCM MAY INDEED NEED MORE MONEY "
IT IS LIKELY WE WILL REQUIRE ADDITIONAL CAPITAL.
All of the proceeds of this offering will be received by the selling shareholder. While we may receive cash from the exercise of warrants covered by this Prospectus, we can't be sure that we will derive any specific amount from
this offering. We may require additional capital to sustain our business as presently operated, and developments in our business and possible expansion into other markets could indicate that we need to raise additional capital.
Do you believe this bashers have the unmitigated gall to point out the disclaimer in yesterdays SEC DISCLAIMER FILING about fcm's operating losses, "WE HAVE A HISTORY OF OPERATING LOSSES." I mean come on, so what, fcm took in $ 13,743,000, and paid out 16,809,000 million in operating expenses.
So what that out of that money $8,079,560 came from that customer usat that is under continuing SEC investigation, has numerous shareholder lawsuits, has no money, and owes a ton of it out. I mean what does it matter that now fcm states they have no "CONTRACT WITH ANY MAJOR CUSTOMER, BUT MONTHS AGO THEY CERTAINLY SAID THEY DID, AND USAT ACCOUNTED FOR 76% OF THEIR REVENUES WITHOUT A CONTRACT, WHILE ALL THE WHILE FCM BUILT THE LARGEST INSTALLED NETWORK IN THE WORLD FOR THAT CUSTOMER WITHOUT A CONTRACT. WHAT DOES ALL THIS MEAN, NOTHING !!!! |
