FBC Holding Inc (FBCD)

[loanranger]

"In fact Fbcd reported 1.1 million units sold but revenue shown is very low. Fbcd is doing many new ventures. May be using proceeds from Cooper knee sleeves sale."

I encourage you to continue to try to make sense of this before you actually invest in it.
1. As you noted in your previous post, the skimpy revenue being reported in the financial statements does not match to the numbers of units sold according to their press releases.
2. Any accountant will tell you that even if he is "using proceeds from Cooper knee sleeves sale" for his new ventures those proceeds would first show up as revenues and accounts receivable in the financial statements (no accounts receivable are reported), then show up as cash as the accounts receivable are collected and THEN any investments in new ventures would appear as assets in the balance sheet. None of that has happened.
3. If funds have been raised for these ventures via stock sales or debt, then that should be clear from the financial statements. It is not.

The important thing....and one doesn't have to be an accountant to follow it.....is what you already noticed: Very little revenue in their financial statements compared to their press released statements.


There has been no credible information provided by the company that would lead a thinking person to invest here.

Good luck.



ps. The company in its most recent statement reports $9,604 in Assets and $6,853,924 in Liabilities. You really shouldn't have to know any more than that.