Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Old CEO is responsible for the PPS reaching a high of .128 last June.
Statistics abound.
PPS is in the same range as it has been the last 45 days and still far below what the PPS was and held with the old CEO.
The exclusive IR firm that hasn't been in business more than 2 years cannot bring the awareness and volume to the stock we need to escape the constant conversions the CEO has allowed. As a result of his direct actions we are at the low PPS we are and not the highs we experienced under the previous CEO.
This liquidity trap is not appealing to people who would buy large blocks.
FBEC hasn't posted any sales as per the last SEC filing stating so.
FBEC still retains the rights to distribute a cleaning product that it tried to establish a business around in 2014.
FBEC currently has 1 employee with a new salary of 7,500 a month instead of previously agreed to 15,000 per month.
Corrected for accuracy. All other information stands.
All the notes issued and slide in PPS are a direct result of the Current CEO.
The old CEO managed to hold our PPS at over 8 cents for some time and even managed to hit a high of 12 cents. A much healthier PPS than the current CEO has ever managed to date.
Unfortunately the continuous share conversions from the last 6 months as well as ongoing and upcoming conversions will continue to have a negative impact on the PPS.
PPS is down 60% since September with the new CEO. (Corrected for accuracy)
Now we are locked into using those amateurs as exclusive IR. With those facts it is hard to see how any PRs will help the PPS without sales which have been effectively 0 as stated in the companies disclosures. They are still collecting their monthly fee and shares.
Effectively a liquidity trap for anyone who would be interested in big blocks.
All the notes issued and slide in PPS are a direct result of the Current CEO.
The old CEO managed to hold our PPS at over 8 cents for some time and even managed to hit a high of 12 cents. A much healthier PPS than the current CEO has ever managed to date.
Unfortunately the continuous share conversions from the last 6 months as well as ongoing and upcoming conversions will continue to have a negative impact on the PPS.
PPS is down 80% since August with the new CEO.
Now we are locked into using those amateurs as exclusive IR. With those facts it is hard to see how any PRs will help the PPS without sales which have been effectively 0 as stated in the companies disclosures. They are still collecting their monthly fee and shares.
Effectively a liquidity trap for anyone who would be interested in big blocks.
FBEC had a CEO that instilled traders with the desire to trade and bring volume to the stock and a healthy 8 cents and even a high of 12 cents.
The current CEO has instilled no desire to trade and has not brought volume and the stock is floundering and a liquidity trap for any one wanting large blocks.
The old CEO managed to hold our PPS at over 8 cents for some time and even managed to hit a high of 12 cents.
Unfortunately the continuous share conversions from the last 6 months as well as ongoing and upcoming conversions will continue to have a negative impact on the PPS.
Authorized by or while our current CEO was in place and a direct result of his actions affecting the PPS negatively.
PPS is down 80% since August with the new CEO and the IR that he is directly associated with that is extracting a monthly fee and shares.
Now we are locked into using those amateurs as exclusive IR. With those facts it is hard to see how any PRs will help the PPS without sales which have been effectively 0 as stated in the companies disclosures.
The old CEO managed a healthier PPS for pretty much his entire tenure.
Share conversions from the last 6 months as well as ongoing and upcoming conversions will continue to have a negative impact on the PPS.
PPS is down 80% since August with the new CEO and the IR that he is directly associated with that is extracting a monthly fee and shares.
Now we are locked into using those amateurs as exclusive IR. With those facts it is hard to see how any PRs will help the PPS without sales which have been effectively 0 as stated in the companies disclosures.
FBEC even if we use that number that's still about a years worth of daily trading volume.
The ongoing and current conversions are having a negative effect on the PPS.
PPS is down 60% over the last 6 months with the new CEO and the IR that he is directly associated with that is extracting a monthly fee and shares.
Now we are locked into using those amateurs as exclusive IR. With those facts it is hard to see how any PRs will help the PPS without sales which have been effectively 0 as stated in the companies disclosures.
"only" ? Even if that low number is close to accurate, 128 Million shares is about a years worth of volume here.
Don't forget the daily expense of fees and shares to MIDAM.
Now we are apparently locked into an "exclusive" IR deal with MIDAM. While under contract with them the PPS has declined by 56%
Now we apparently can't even go looking for another firm to make up for the fiasco of public awareness and promotion that has gone on in recent months.
New 8ks with very weak professional wording and no explanation of valuation of the arrangement.
These deals also explain to an extant why the last accounting firm quit. What proper company would want to be tied to these practices.
From an investment point of view there is nothing enticing going on in FBEC.
Not much other than bait and switches, 0 sales, no management experience and very very odd transactions from an accounting perspective.
The continual printing of shares to groups at prices far below even the current PPS will continue to have a negative effect on the PPS, let alone allow us to be able to reach the 14 cents the previous management was able to achieve.
Our current management admittedly states : "I actually began simply as an investor in the marijuana sector. " -From an article taken in 2014. He admits to having no knowledge of trading at all a mere year and a half ago.
That is who we have leading.
Very informative, please sticky that post.
Seems the short version of that is they will pump whatever stock they want to whoever they want whenever they want.
FBEC I must disagree.
In the real world you cannot simply erase or 'retire' 100 million shares from a QB ticker.
PPS is down lower and lower since new management took over and have followed through with very little and when they do it is weeks and months later. PPS was higher with more volume with old management that's a clear fact as the charts show.
Their accounting firm should have a field day with this one.
This Midam Ventures company has been taking a fee every month as well as the shares it was originally issued that is not inclusive of these now 150 millions with the supposed 100 million being retired through some accounting magic.
In the 6 months since they became involved as the IR firm the PPS has dropped 61%.
Now the company is getting even deeper involved in that they are not able to approach other entities with a better grasp of what is involved in proper awareness and promotion.
The company has officially handcuffed itself to a fledgling pump group.
This is not good news for any of us that hold shares.
Would like to see where the value here is.
I can see their new accounting firm backing out over this.
Agreed. If you find out how the company is able to put out a news release between two private parties but without detailing how they would legally do this transaction, I'd be very interested to hear what you find.
Is there any information about how Midam intends to "retire" shares of FBEC?
There needs to be a monetary exchange of some kind of value disclosed between Midam and FBEC.
What compensation does Midam receive for this?
The current CEO hasn't engaged proper promotional groups to get awareness out to the market. Without a proper awareness campaign to bring in new buyers to offset the current and ongoing conversions of note holders will have a negative effect on the PPS.
Agreed.
He's doing his job for who he works for or else he would have probably been removed as fast as the last CEO. The volume and PPS reflect that.
WolfShot product brought to market - No sales confirmed
Distribution to over 500+ stores in 6 states in progress - Distributor has 500 locations for cleaning products. No confirmation that all will take WS
Distribution on http://www.amazon.com - possible lack of product people have ordered and not received.
Distribution on http://wolfenergyshot.com/
Affiliate marketing program
AS reduction close to completion - Has been in the plans for more than 3 months and CEO has made multiple releases with same information
Partnership with Dube - private company with very little information about it to confirm details. Millions of shares issued
Partnership with CBD Globe - private company with very little information about it to confirm details Millions of shares issued
UFC champion "Rumble Johnson" endorsement deal - As of yet no realization of benefit of this deal
A lot of the last 6 months releases have yet to come to fruition or have had no positive impact of PPS.
Ongoing and upcoming note conversions are having a negative effect on the PPS and recent announcements have not been able to bring enough new buying to counter the selling pressure.
Current management has apparently deemed it unnecessary to have a solid promotional and awareness campaign to counter this.
Interesting opinion. One could also argue he saw what was going to happen to the company and wanted his fair and equitable compensation for work done, hence the disagreement between him and current management.
If he was an insider he would have to wait 90 days to be able to sell, that would be the true value of that arrangement.
If he knew the PPS would collapse since he saw what was happening inside the company he wouldn't be an idiot for saying no and allowing the legal process to define what would be fair and equitable.
He is being directed and controlled by the majority shareholder.
The information is in the SEC filings to read.
The same direction given to authorize all the note conversions and allowing the previous CEO to retain almost the entire outstanding share balance to sell or sign over to 3rd parties to sell at his leisure.
As well as continue to allow the ex CEO to rent the space allocated.
Unfortunately the SEC filings show the current CEO has no real control of the company either through voting shares or otherwise.
The current CEO has no experience running any form of company, public or otherwise. No experience in the beverage industry which is vast and hugely competitive.
FBEC If that insider employee knew that the PPS would collapse as it has he was wise to refuse.
Anything to do with FBEC is the current managements problem. The fact that his name isn't on the signature has nothing to do with that.
These agreements are in place and are legally binding. The continuing notes that have and are coming due are placing consistent downward pressure on the PPS of this security.
Current management has not been able to drive enough interest in this security to stop it's degrading PPS over the past 4-6 months.
OH!
Has it's sales changed since the last SEC report Jan 4th?
"For the three months ended September 30, 2014 and three months ended September 30, 2015, the Company’s revenue totaled $0, for which its respective cost of revenues totaled $0.?
Where can I find the most recent sales figures from the last 30 days that would show that wolfshot is selling?
They are producing a new product for a UFC fighter now?
Have they given up on wolfshot then since it's not selling?
When did they say this new UFC product will hit any kind of shelf or retail outlet?
People at every level are told whatever they need to be told to be convinced of something and doing what is asked of them.
I haven't been told enough or see anything promising by the SEC filings which are the only legally binding items.
I am hoping for more out of the CEO than a UFC fighter promo and signing more notes, handing over hundreds of millions of shares to the ex CEO,not selling any substantial amount of their product in the last 5-8 months of being involved with the company. The list of what he isn't doing is getting longer and longer while the list of what he does right is very short and shrinking.
FBEC. Hopefully for the many shareholder way under water at this PPS the rumors have enough substance to carry through all the ongoing and upcoming conversions.
Currently nothing the company has put out has been able to stop the bleeding to absorb the seemingly constant notes coming due.
So FBEC is controlled by Mr Sand after all through voting rights and has the majority of all available shares to sell into market?
Why would people continue to imply that he is not in control when the SEC filings state as such?
FBEC. ""we're going to send out some spam. Buy some google adwords. And put a link on our website to sign up distributors""
Exactly. That is the best plan current management could come up with after being involved with this company in some fashion for over 6 months.
Why hasn't any of this been implemented yet? Another forward looking statement with not hard dates.
"announces it will be putting an extensive online marketing & advertising plan"
News releases that are forward looking statements are not effecting the PPS positively.
They released news today and didn't even tack one sentence confirming the paperwork they intended to file last night. No way of knowing whether that was done until it shows up on an SEC filing then.
FBEC, Unfortunately that's not entirely accurate.
"Announces That All Paperwork Needed to Reduce the Authorized Shares from 5 Billion to 2.2 Billion Have Been Completed & Will Be Submitted Today"
As of this time tonight there is not news release confirming this action.
News releases like this have been issued by the company on more than one occasion in the recent past similar actions would be taken and none are taken.
SEC filings and the appropriate release are what is required to verify.
I'm still curious about this. The Lawsuit that was filed as a correction to the 10/Q 15 days after the 10Q was filed.
"ITEM 1. LEGAL PROCEDINGS
A previous director of the Company, Darren Hamans, has initiated arbitration proceedings against the Company for unpaid wages and unissued shares of common stock of the Company, stemming from an employment agreement, dated May 8, 2015. The Company believes the claim has no merit as Mr. Hamans was paid fair consideration for the services provided. The Company has attempted to reach an amicable settlement with Mr. Hamans without harming its shareholders. However, such settlement has not been reached and the Company intends to dispute the claim vigorously."
It seems FBEC used up it's legal counsel.
"
In June 2015, the Company entered into a note with a principle of $200,000 due for legal services. The expense for legal services was recognized during the nine months ended September 30, 2015. The note will become convertible on or after the maturity date January 14, 2016 at 75% of the average closing price for the 20 days prior to conversion."
Will the Current management decide it makes more fiscal sense to the company to pay lawyers with more stock to sell to the market or settle?
That's a lot of selling pressure.
It's been a steady and foreseeable walk down to these levels.
But if any of those large note-holders capitulate and disregard PPS further then there's no telling where the bottom is.
He could have easily divested himself of a large portion of shares to another party.
There is a 90 hold on those shares, after that they can be freely sold with no selling restrictions.
FBEC really where is the truth to it?
Unsubstantiated.
Cool 11 year old story.
Do you have a link to who was paid for promo? I'm interested in learning more. Is there DD support?
It's all in the SEC filings.
1 true fan pumper/insider and another who sometimes supports it on the boards. Offering no real supporting evidence or facts, mostly glib remarks.
That's the best the company could do to try and quell the obvious issues with the current structure and compliance.