FBC Holding Inc (FBCD)

[loanranger]

You would think so, but if one takes a closer look at the filing it appears that they stay alive by issuing debt and then proceed to pay off the debt with shares. The only way they can keep doing that is if the lenders are able to sell the shares that they receive in payment. And the only way the lenders can do that is if enough knuckleheads absorb (buy) the stock that the lenders need to sell. The company creates those buyers by publishing BS press releases promising great things (that never happen).

When the music stops.....and it has been playing for a long time already.....it's easy to see who is left without a chair.


"The PR's are a act of desperation on Russo's part."
Maybe. But I think they could simply be a part of the vicious cycle described above. Either way, this thing needs to be avoided.


GL.