Friendable Inc (FDBL)

[rut2k9]

Well rut2k9, you right and it looks like a lot of people fell victim to this as well. (myself included) Its sad that con artists are allowed to get away with this. Like you, I thought fdbl sounded like a legit company, but over the last year, I saw it continue to drop. I now realize its probably not even a real company.

Live and Learn.

My sympathies, and trust me, I've experienced what you are.

Please note, however, I have studiously avoided calling this a "scam" or the brothers "con artists." They may be and this stock may be, but it could just as easily be a "failure." Perhaps they just lacked the funding and the expertise to execute. Perhaps the hole they dug was just too deep. Perhaps they really did want to succeed.

But facts are facts.
- there is no governance here. Two brothers (related party) as the only management, with more related parties involved in convoluted and non-shareholder friendly ways
- The same two brothers are the sole members of the board of directors. That's a massive red flag.
- Atrocious capital structure with a huge number of dilutive shares and no other funding mechanism
- Ghastly financials

Plus, an established history of similar failures.

All we have is hope. People "hoping" for news, and "hoping" for a takeout and "hoping" the price will go up. It won't. Really, it can't. If it sticks its head up a bit, the converters whack it with a hammer. And each day, there are more such hammers.