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Hey sirglenn, thank you for your continued posting as I appreciate your comments. Just so you know, if you are responding to someone's post, you may want to hit the "public reply" button rather than the "post new message" button, that way we will all know who you are responding to. Thanks and best of luck to you!
Excellent post Baltia!
"The dilution is not even coming close to being justified by the gain in these promotions..."
This is the core of the problem imo. This management team is thinking small and are happy with it. All they care about is to sell for a couple Million dollars and retire. They announced it themselves that all they care about is to sell the company. NOTHING GOOD HAPPENS TO SHAREHOLDERS WITH THIS KIND OF THINKING!!
FDBL, you blew your chances!
I completely agree. Their market is GLOBAL and they are pissing around regionally with a measly 6 ticket giveaway?? They should be reaching for advertising and world wide promos to generate the type of growth that would get attention from new investors. As I said before, they are going to a big boys fight with a plastic knife. It is disheartening to see how management is underestimating the power of social medias.
Looks like someone spoke too fast...
So predictable...
We'll be hitting the 3's very soon now, imho.
This was a giveaway for...6 tickets?? A whooping 6 tickets spread over 3 cities is not going to do it! Peanuts investment for grand ambitions. These guys are like little boys playing marbles with little girls in the courtyard.
2 Million shares traded in 7 minutes and the pps is about to drop. What a fantastic promo for shareholders! This company to toast, imho.
Quote:
"One new Friendable user and ticket winner Ana Molina said, "I'm super excited, never thought this would happen and still can't believe it. I love Meghan so much and think this an amazing app that I am suggesting to friends, I'll keep using it till the day I die."
OMG, I CANNOT BELIEVE THE BULL CRAP COMING OUT OF THIS PUMP AND DUMP COMPANY!!! ANOTHER BS PR??? QUOTING WHAT SOUNDS LIKE AN 8 YEAR OLD IN THIS WAY IS SHAMEFUL!!
Looks like we might get to the 3's long before we get back to the 5's! And that should not be a surprise to anyone...
And from the September 12th PR:
""Sunday's 'Movie Night with Austin,' held at the LA Film School, was a tremendous success," said Robert Rositano Jr., CEO of Friendable. "The event began with Austin Mahone greeting approximately 350 of his fans..."
Only 350 Fans? And Robert calls it "a tremendeous success???"
My neighbor's Bar Mitzvah had more guests than that!!
I guess my standards are much higher.
Spinning bad news as good news...again.
One can spin bad news as good news, but it will not change the fact that this app is a failure. Austin Mahone posted twice to his 13,402,882 Facebook followers with the following results:
September 7 invite resulted in only 2,600 "likes".
September 8 invite resulted in only 1,500 "likes".
I would hate to see how few likes the next invite will have...
Just another failure! What did you guys think? Did we really think that he could out-do Jennifer Lopez??? And she failed miserably to add hardly ANY new users from her 45,000,000 followers! All imho.
Edging is not a bad strategy, especially in this case. Problem is, nobody knows how many shares will be diluted during the next few months. We could find ourselves in a situation where an R/S becomes necessary, which of course would suck for shareholders.
"The burn rate seems way too high"
Glad to see that I am not the only one thinking that!
"My guess is the vast majority are instantly converted"
Good guess, as a matter of fact, the dilution probably happens on days when 10-20 Million shares traded.
This management team is sucking the life out of their company, imho!
yes indeed, this is getting exponentially worse. The more the pps drops, the more shares it takes to obtain a toxic loan, which makes these loans more and more toxic. They are essentially giving our house (the shareholders) away to these fancy artists. It would be encouraging to see the insiders finance some of these marketing expenses with their own personal shares, wouldn't it?
20 folds in 3 to 6 months??? Could you please explain that assessment? How do you get to .10 when the pps is now under half a penny and dropping? It would be great to have your input as to how and why exactly you think this scenario could happen.
Very good post Baltia! I particularly appreciate the neutral, unbiased and realistic tone of your comments. You are absolutely right about the dilution and the catastrophic effect it has on the pps. The longer the dilution continues, the closer to reality your final assessment becomes. Also, thanks for pointing out your belief that a buyout is not possible at this point, and I agree with the reasons you provided to support your opinion. Finally, thank you for putting it into words that all posters can understand and appreciate!
I smell BS here! Longs are buying like crazy and we are down 10% now! Looks like some of you guys may not be telling the truth...
"great news" and the pps is down 6%!
Maybe they should stop the PRs, and issue one big one in a few weeks? This company is acting like and pump & dump now!
PR #8 in 14 days and the needle is not moving anymore. It doesn't augur well...
"more prs come out more will buy. I'm sure there is more to come."
They issued 7 PRs the past 12 days and the pps keeps dropping, how many PRs is it going to take??
And yes, you are right to worry about the dilution. My main issue with FDBL is the downloads numbers. Their performance for an app with a global reach is pitiful at best. In the past 6 months, the company could only muster an average of about 35,800 downloads per month. That would represent an additional 430,000 downloads for 2016. Even with compounded additional downloads, they won't crack 650,000 for the year and that just won't be enough to survive or to be a viable takeover candidate, imo. At that pace, it will take them well over 50 years to reach Friendster download numbers, and we all know what happened to Friendster...
If these Stanford guys (with their immense stature) go to market before BLOZF, it might be game over...
I agree with your comments, but there is no way that a buyout would interest anyone at this point. FDBL really has very little to sell when you take the dilution into account. With a market cap of about 3.3 Million and dropping, I doubt that any serious company would be interested to buy them out. Oh and if I remember right, "Friendster" had far more downloads than FDBL:
"In 2008 Friendster had a membership base of more than 115 million registered users and continued to grow in Asia." Wikipedia
And we are supposed to get excited about 39,000 per month??
I couldn't have said it any better!
Too easy to shoot your mouth like that! Prove your comment with the in-depth due diligence that you did so you can repair the credibility you just lost...
CARA is golden!
These guys better crank it up a few notches or you might just be right!
http://www.mercurynews.com/2016/09/12/stanford-engineers-develop-potalyzer-test/
Thank you agreeing with me on my numbers! And you are correct when you mention that we've been growing each month. However, my point is with an exposure of 150 Million as Robert proudly mention, a month to month increase of just over 7000 downloads is insanely small. Their marketing effort is not working, period. As I mentioned in a previous post, an additional 84-100,000 new downloads per year is a ridiculously small number, considering the cost and the vast exposure. To be successful, they would need to generate at least a million additional downloads per year, and double that each year. We are talking about global exposure here, and this company is failing their shareholders, imho.
Thank you for your comments.
With all due respect pushmepullu, you need to do your due diligence. This company had about 650,000 downloads in 2015 so, if you add an average of an additional 7000 downloads per month (84,000 per year), the result would become 734,000 downloads for 2016, or a measly 12.9% increase! This company will NEVER make it with this level of performance, imho.
Please read my post as written, not as you wish it was written:
"only an increase of only 7000 downloads from July??"
A 20% increase from July download number IS about 7000 additional downloads. Math 101...
That would be a start! Or even better Robert, please get an equity partner and use that investment money to pay the bills instead of screwing the shareholders with insane daily dilution!
Agreed! Thing is, while each and every months so far has been very disappointing, the dilution continues at high speed. Its a vicious circle: the more they promote, the more toxic notes it takes to pay for it. The more notes are signed and the more the pps will fall. Its a simple law of nature.
Exposure to 150 Million folks and only an increase of only 7000 downloads from July?? That's a marketing performance and penetration of only 0.0046% WHO ARE THESE FOLKS KIDDING??? And they are happy with that?? If this was my company, I would layoff the entire marketing department and start over!
And I am not even going to mention the constant flow of dilution and toxic notes...
I disagree wholeheartedly! 24% increase from crappy July numbers, after all this intense marketing, is insanely low. Your previous comment however was right on: "You have to move at lightning speed in the app world". An addition of only about 7000 download per month is ridiculously low. That represent a yearly addition of only 84,000 downloads! At that speed, it will take more than 12 years to double their monthly downloads from where they are now!! I certainly would not call that "lightning speed"!!!
Complete failure again! The moment the marketing and BS PRs slows down, the pps will dive...at lightning speed, inho! Mark my words!
First off, please keep cool, this kind of language has no place on IHub. Then you have to give credit where credit is due. As much as I did not appreciate 95% of his posts, you have to admit that he was right all along. TRTC IS an enrichment scheme for insiders and insiders ONLY. Doing just a little DD on recent developments will make this clear to all those who are closing their eyes on reality. I am now convinced that we will see .15 long before we see .50, imo.
You might just be right, but let's not forget that shareholders will NOT benefit, and will be carved out through multiple R/S with the first one coming any day now. Choosing to ignore this fact and trading trtc at this point, will be extremely dangerous to your financial health...Just one man's opinion.
And for those who care about what is really going on, just check out the lack of progress here:
http://www.trafficestimate.com/friendable.com
Alexa ranking: 1,308,929 (and dropping like a rock)
"Friendable.com has received an estimated 3,400 visits over the last 30 days".
The number of visits differs from visitors (or unique visitors). Visits includes multiple visits from the same individual (repeat visits).
3,400 visits in the past 30 days, really??? And you guy are getting excited? A little due diligence please...
Yes and JLo invited her 45 Million friends to download the app and how many did what she asked? My guess would be 12, maybe 14 downloads. This company missed the boat, and drowning under a mountain of toxic notes. These guys have disappointed once too many, imo...
I am afraid this is too little too late, and a little misleading. What we are looking at here is more rounds of dilution. This company is still operating thanks to the countless toxic notes in the books. And how are they going to pay the Kluger Agency and all these new artists for these new services? Yes you guessed it, in company stock. In the next couple of months, FDBL will be drowning under a mountain of debt and issuing new shares into oblivion, imo. The value of the stock has already plummeted to almost nothing, and we are looking at more dilution? Look at the current market cap: $1.5M !!! Here is some perspective: The corner liquor store near my house is worth more than that!
Hey KA, you want to do shareholders a real favor? How about a non dilutive equity investment? Not that would show that you actually care about FDBL, instead of raping shareholders of the value of their investment?
"when the burn comes, I guarantee you it will be painful".
With all due respect sirglenn, I couldn't agree more...
10,000 users is just about my estimate for July. That means 30,000+ downloads equals about 10,000 users. Are you folks getting the difference between users and downloads now???
As predicted this morning, 3's today and 2's next week...
Dismal user numbers equals dismal pps performance.
Last post today..GLTA
It closed so green that I need sunglasses to look at it, lol!
I already did...read my previous posts.
I understand and respect your investment style, but I prefer to trade it and make money...
I respectfully disagree. As much as I appreciate your comments (which are more valuable to me than most other posters), an enormous amount of advertising has been done. JLo alone refereed 50 Million of her followers to download this app. The following videos have also heavily promoted FDBL, and all this in the past 6 or 7 weeks. I believe that management wrongly thought that all this advertising could carry the company for a while, and they were wrong...it did not and the download numbers took a major dive in July.
Again sirglenn, I appreciate your posts very much even if I disagree with your unbridled enthusiasm. I too wished that the brothers could make a go of it, but they have severely disappointed me.
To answer you, I had wanted to come back when the stock hit the 7's (check my previous posts), but management was so darn slow to fix their app that I lowered my entry point to the 2's, and only if it gets there fast. From there, I plan to enjoy a rebound up to the 3's or 4's before selling for a healthy return once more.
Thank you and best of luck to you!