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Re: Slojab post# 67784

Monday, 05/19/2014 7:15:45 PM

Monday, May 19, 2014 7:15:45 PM

Post# of 221992
FRTD - been a while since I've seen a good fake buyout scam. They used to be pretty common about 2 - 3 years ago. The most famous of which during that time were probably SAEI (which got suspended by the SEC largely because of the fake buyout offer), SRGE (which got suspended by the SEC largely because of the fake buyout offer), and SPPH (which got suspended by the SEC largely because of the fake buyout offer).

This one is obviously a scam. It has all the red flags of a scam buyout offer.

Red Flag #1) They do not name the company making the offer. This is the most obvious sign that the buyout offer is fake. Nothing but a fabrication by Thomas J. Parilla to manipulate the market activity and the share price.

Red Flag #2) Unrealistic price. Why would a company pay $.12/share to buy majority control of a company that was only trading at around $.01/share at the open? Super easy answer here - They wouldn't.

Red Flag #3) FTRD has nothing to offer. Last reported they had $1,000 cash and no revenues. They have no real business operations. They do not even have an active website.

Red Flag #4) FTRD's scammy recent history - a fake entry into the marijuana industry, lots of pumps/promotions, pump&dump chart, and some obvious dilution.


FRTD has already done a fake share buyback (again they have no cash to buy shares off the open market), started fake new pot related business operations, and has been leading on investors about becoming a fully reporting company. Don't even get me started on the AFFW stuff.

Hopefully people that are trading FRTD understand what is really going on and aren't falling for this fake buyout offer. They better be smart about trading the price action and treating it as a flip play and nothing more. FRTD now has to be considered a suspension risk and people will have to be prepared for the future press release about the buyout offer being terminated.

In the past when scammy tickers did fake buyout offers they would often have some delays to try to stretch out the hype and keep gullible investors chasing the carrot as long as possible.

We'll probably see a "delayed" press release for FTRD when May 30th comes and possibly even a new "delayed" press release after that before we get the LOI is terminated press release. Assuming of course that FRTD hasn't been suspended by the SEC by then which is now a very strong possibility since the SEC is paying close attention to the marijuana tickers as mentioned in Friday's SEC press release.

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541842876#.U3qQmS_BFnI









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