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I used to be a moderator on this board. I lost interest after one of the many pump and dumps.
I was wondering what was going on, and I noticed they let their main domain name expire. Hysterical. Amazing people continue to think this is a real company. It's clearly not.
Keep an eye out for a possible Reverse Merger into another Shell and NEW ticker, have rolled several shells in the past to keep the money flowing.....
these guys need to walk away.revenue for latest quarter ending june 30
2019 a whopping $856.00..thats for 3 months.imo
the fdbl bros are hoping the 46 current shareholders will be dumber than dumb and buy more shares of a nothing pos shell.imo
O/S just hasn’t adjusted yet
https://www.otcmarkets.com/stock/FDBLD/quote
It was never, ever, their business model to produce a business, or even an app.
Their only business model was to earn ...
- salaries, funded with toxic debt
- vendor fees to friends, families, and related parties, funded with toxic debt
They have sucked out millions. Do the math. How much in "salaries" (to do what, exactly?) How much in "fees" to entities owned by insiders, of the family of insiders, or related parties? Were those "fees" even close to market value? How much in "rent" for a post office box that costs a fraction of what they list on their financial statements? Where did the rest of that "rent" go? Do you even need to guess?
Sadly, it's legal, so long as it is all disclosed.
If they had any intentions of building a business, they would take $1 salaries until they create one. But they don't. And they wont.
And remind me, who owns iHookup Social now? That was an asset that belonged to shareholders. Did shareholder receive anything for the sale of this entity?
How long before they issue more toxic debt?
Certainly within 90 days. I say within 30.
You may be right, but my reply was to the poster blaming the IR firm for the situation, as if they could have changed recent history.
They should give the shareholders a chance to vote out the IR firm as well.
the R/S was publicly filed and cited in several PRs.
While this has been a pump & dump in the past, the reverse was purely to create a higher share price (but a lower market cap) so they could sell more toxic debt. Right now, the share price is too low and they have too many shares outstanding, so they need to do a (massive) reverse so they can sell more toxic shares and pay their (inflated) salaries.
Nothing more.
Nothing less.
But what motivation would another entity have to merge with this POS?
What does FDBL bring to the table that is valuable? All they bring is a toxic shell. There are clean shells out there. There are companies with a business. FDBL has nothing.
As easy as it is to go public nowadays, and cheap too, why would anyone merge with this shell? It's a toxic shell, loaded up with billions of toxic shares. What value do they bring? It's the opposite of a "clean" shell. The fact that FINRA wouldn't approve a reverse -- something that almost NEVER happens -- should tell you all you need to know about the toxicity of this capital structure.
My bet is there will be no R/S and they will have no other option but to merge with another company. Better for shareholders imo
“Together we have many goals to accomplish, which is why it is paramount we remain focused and our entire team perform on these most important steps that are leading us to securing a solid foundation. We believe this foundation will provide what is needed for a successful fund raising and future value creation, as we prepare for the release of our Fan Pass application, as well as various new relationships that are all waiting on this final approval from FINRA. It’s time to look toward the future of Friendable, Inc. and the future starts by obtaining this approval, of which we believe is coming in short order,” concluded Rositano, Jr.
interesting! lenders giving fdbl almost #3.5 million in 2016 really hurt shareholders in the long run.fdbl revenue stream fell far short of even covering the 3 salaries of over $400,000 annually.at that time beginning 2017 fdbl selling price was in a death spiral where
cv notes could never be repaid.right now it would take over 60 billion potentially dilutive shares to cover our debt.imo
Correct.
The daily dollar volume was a paltry $1,345.
That maybe more than usual, but it's a minuscule amount.
That’s the point. We know that. Bob is not doing his shareholders justice.
Can’t wait till we get that PR. This is turning into a major shit show.
When do we find out we’ve been dropped from the Russell? Nasdaq next?
why not sell the post-split shares for .50 cents or .75 cents?
They haven't been doing anything.
That isn't their job.
Their job -- their business model -- is to sell discounted shares to pay their salaries.
Period.
That's it.
They are not interested in doing anything to create value. It never has been. It never will be. You keep asking "why aren't they doing the professional/ethical thing." You've been asking it for years. The answer couldn't be more clear.
When someone shows you who they are ... believe them.
Seriously?
Are we being lied to?
Lied?
When have you been told the truth?
900,000 historical users .... what does that mean? Someone downloads the app, hates it, removes it (or never uses it again). That counts, right? Does that generate a nickel of revenue (no). How many reports did you see here (let alone elsewhere) of the app not working, or bad experiences, or nobody to talk to. How many tried it after the J-Lo nonsense and never came back because it wasn't ready for prime time and dozens of better apps were?
Glowing PRs? Gee, I wonder why. What are they selling?
Oh yeah.
It's the same things they've always sold.
The only thing they've ever sold.
Discounted, diluted shares of stock. How do you sell that? With glowing PRs that mislead suckers.
C'mon.
Fan Pass has already been passed over.
Saw this on Facebook:
Mike Portnoy
May 15 at 1:55 PM ·
Have you guys heard about @cameo yet?? A bunch of my fellow musicians are already on board, so I decided to check it out...and it’s awesome! It’s like your own personal meet & greet right to your phone or computer! Ask me anything you want: advice, questions, I can show you around my kit or my house (if I’m home) or you can gift it to people you love for greetings, birthday & holiday messages...or even to people you don’t love and I can flip em off for ya! ??
Anyways I’m now on board the Cameo train, so hit me up and let’s have some fun! ??
https://www.cameo.com/mikeportnoy
I suppose if someone complains it will likely be deleted.
/shrug.
you are simply wrong.
Wrong.
Incorrect.
Misleading.
Wrong.
you can't purchase more than 25% of the average daily volume. Period. It is incredibly easy to track, and the company would get in significant trouble. The broker too. The max they could have purchased would be around 5500 shares and only if they didn't move the price, which with this low volume would have been impossible. That is simply a fact.
Wonder why VirTra did not buy back any shares today? They were happy to buy at 3.80 or 3.90 a month or so ago so why didn't they buy some shares in the 3.20s today? They were there to be had.
That wasn't a rumor.
That was speculation.
They are not interested in getting out of their debt situation. They never have been.
They are not interested in developing a viable business. They never have been.
Never. Not once. Not for a single day.
They care about printing shares and selling them at a discount to pay their salaries.
THAT IS ALL.
Until you get that, you will continue to be a victim of this scam.
Are the preferred shares being reversed, too?
I haven't read through the filing, but it wouldn't surprise me if they didn't, further screwing common shareholders.
Agreed. They can’t even promote their “product” or anything at all like the rest of the world does on Twitter and Instagram Only come and ask for more money. Not one tweet. No marketing efforts. Just take and run
FanPass Twitter - zero tweets
FanPass Instagram - zero posts
Friendable Twitter - last tweet 2016 (and dumb)
Friendable Instagram - last post 2016 (and again irrelevant and stupid)
I believe if you take funds from investors then abandon post, one can make a good argument....
Ferris HAS NOT EVER tried to sell products to perspective customers in any serious way. He has not blanketed the country with salespeople. In FACT, he has taken the opposite approach which is "get some units in several of the big visible prestigious PDs and then set back and wait for the phone to ring with orders from all the other PDs."
VirTra was smart to get some great customer wins. But the approach they took to get those sales is EXACTLY what they should be replicating EVERYWHERE. These systems need to be SOLD.
Has a VirTra salesperson or rep or IC made a sales call on each of the 50 biggest PDs in the state where you live? No.
How many VirTra salespeople are making sales calls today? None is my guess.
How many independent sales rep firms has VirTra signed in the USA and how many are they grooming? None is my guess.
What is Ferris afraid of?
also think you are very wrong with respect to growth prospects. I think it is far easier for VirTra to go from $20mil to $300mil in sales than from $10 to $20mil. They could do it with good VirTra sales people or they could do it the same way Aaon or Greenheck or Twin City or Cook has done it. And margins Would Not suffer at all. Would likely improve due to effective selling of options and service.
Liolios is smart. They own ZERO shares of VTSI.
BOD is smart. They own relatively few shares and do not buy more.
All the news about reorganizing but no developments. I don’t give a F..CK what you do if you can’t even come with any substance a r/s isn’t going to do shit. Wouldn’t need to do a thing if there was some follow through. Pathetic.
Stock repurchase was in $ Dollars not shares. About 150,000 shares Only $2 million authorized
If you want to do a little homework yourself, take the number of shares the company bought between Nov 19, 2018 and Dec 31, 2018 and divide that by the total volume during the same timeframe. Then you will know exactly how much they care about "the rules." My guess is you will be shocked by the result.
And finally after November 14th, the date the window opened after we reported Q3 results, we repurchased 382,000 of our common stock. In January of this year our Board of Directors increased the amount authorized under the stock repurchase program from 1 million to 2 million. We have purchased an additional 261,000 of common stocks since year-end bringing the aggregate amount of common stock repurchased since November to approximately 643,000. That concludes my prepared remarks. I will now turn it back to Bob.
So you are suggesting that our Eagle Scout, by-the-book, CEO would let this happen? Especially when it's so incredibly easy for FINRA to track and identify such things?
C'mon.
The reverse split(s) made buybacks far less valuable for this stock, because they killed the volume. Even if someone wanted to get around rules, the volume restrictions make it nearly impossible.
Tomorrow will be interesting since window opens back up for insider buying and company buyback. So, will Ferris support it at $4 or will his brokerage play games and walk it down to get "best deal" for company?
if hardly no one wants fdbl shares at .0001 who do you think will buy them at $2.00?imo