Do you believe for a moment that these greedy little buggers won't own all of them just before the rollback?
I can only imagine the shear panic of duped shareholders as they realize there are 14,260,748,690 (common+common equivalent) plus 20,131,923,405 (dilutive shares) totaling a whopping 34,392,672,095 shares available right now!!!
By all means step up and open your wallet! The brothers will be your best friends :)
Want to know what the share value is?
Divide 35,000* by 34,392,672,095---still think it's too low to sell?
* ( from co. filings)3. INTANGIBLE ASSETS
As at March 31, 2017, the Company owns the Friendable Properties which includes domain names, logos, icons, and registered trademarks for which it paid cash consideration of $35,000.
There are over 34,000,000,000 -OVER 34 BILLION SHARES AVAILABLE on this lie.
This scam is trading at 7/1000ths of a penny, soon to be 1/1000th of a penny offer!
The reason isn't because the management is doing as good job.
It isn't because the company is misunderstood.
It certainly isn't because the company has a product with even a slim chance of success.
It isn't because the management has any history of producing anything other than a pay check for themselves.
I could go on and on, but people either realize where I'm going with this or they have blinders on and won’t accept what is put in front of them, in ink, via the companies lawyers and filings! Just read the financials...
KNOW WHAT YOU OWN: From fdbl 10-Q dated May 22, 2017 for the period ending Mar 31, 2017
3. INTANGIBLE ASSETS
As at March 31, 2017, the Company owns the Friendable Properties which includes domain names, logos, icons, and registered trademarks for which it paid cash consideration of $35,000.
Basic and Diluted Loss Per Share
As of March 31, 2017, there were approximately 20,131,923,405 potentially dilutive shares outstanding.
Preferred Stock: (Owned by the brothers)
The Series A Preferred Stock is convertible into nine (9) times the number of common stock outstanding until the closing of a Qualified Financing (i.e. the sale and issuance of the Company’s equity securities that results in gross proceeds in excess of $2,500,000). The number of shares of common stock issued on conversion of preferred stock is based on the ratio of the number of shares of preferred stock converted to the total number of shares of preferred stock outstanding at the date of conversion multiplied by nine (9) times the number of common stock outstanding at the date of conversion.
8. RELATED PARTY TRANSACTIONS AND BALANCES
During the three months ended March 31, 2017, the Company incurred $132,300 (2016: 110,862) in salaries to officers and directors with such costs being recorded as general and administrative expenses.
During the three months ended March 31, 2017, the Company incurred $200,000 (2016: $199,292) in app hosting, app development and rent to a company with two officers and directors in common with such costs being recorded as app hosting, app development and general and administrative expenses, respectively.
As of March 31, 2017, the Company had a stock subscription receivable totaling $4,500 (December 31, 2016: $4,500) from an officer and director and from a company with an officer and director in common.
As of March 31, 2017, accounts payable include $160,558 (December 31, 2016: $234,058) payable to a company with two officers and directors in common, and $222,083 (December 31, 2015: $215,000) payable in salaries to directors and officers of the Company. The amounts are unsecured, non-interest bearing and are due on demand.
Since feb 2016 I counted over $800,000.00 of convertible debt was issued with a conversion price of $.0005
Convertible Debentures:
a)
The conversion price per share equal to the lower of:
i.
100% of the average price of the Company’s common stock for the 5 trading days preceding the conversion date;
ii.
70% of the daily average price of the Company’s common stock for the 10 trading days preceding the conversion date.
b)
The conversion price is a range of $0.0025-$0.0078.
c)
The conversion price equal to 50% of the lowest closing bid price of the Company’s common stock in the 20-25 trading days prior to the conversion.
d)
The conversion price of $0.0005.
10. CONVERTIBLE DEBENTURES (CONTINUED)
At March 31, 2017, convertible debentures with the principal amount of $5,583,015 are subject to a General Security Agreement covering substantially all of the Company’s assets.
Convertible debentures with maturity dates prior to March 31, 2017 are now due on demand.
