Friendable Inc (FDBL)

[Richby30]

Toxic note holder will short the stock they have notes converting in and then use their conversions as a cover. In most scammy OTC tickers the trades are "matched" trades and a wash. They make money both ways and retail gets fleeced. Also the other market makers who are well aware of the ongoing conversions will short as well and then when the converters actually sell a block of shares into the open market the shorting market makers buy to cover on the CD note holders conversions. This is why we see such a death spiral in so many OTC stocks, they are shorting and converting, covering and selling all at the same time. As a retail investor /trader we are at a huge disadvantage. If you have noticed OTC volume has really dried up in the past 2 years because most people are well aware of the rigged game and have stopped playing. When scammy weed tickers went nuts in 2014 there were so many traders playing that market makers could not keep up with their intra-day shorting and that was part of the reason we saw so many tickers go from .000's to over .01 in a couple of weeks or even days. Since the OTC has really collapsed after the weed boom died now we only see most OTC tickers go down on large volume, and rarely up. Support at .0038 just broke as I typed this. Calling them out for their con game and now they will dump it faster than ever. Bet we get another fluff PR on Monday to try and prop this back up, unfortunately there will be no real buyers to participate.