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And by the way, you are saying "Users went up with barely any advertising". The users number has not even been released yet so how would you know?? Besides, if you think that there has been barely any very recent advertising, then you really do not know anything about FDBL. Please do your DD and help us all with educated comments instead of insulting my commentaries.
I am a trader and I have as much right as you do to post my comments on this board, and I will continue to do so. Besides, my comments have been right on target since I started posting (check it out). Furthermore and unlike most of the FDBL longs, I have made a little fortune trading this stock (again, check my previous posts). If you took the time to read my previous posts, you would understand why this company pps will continue to go down. Wishful thinking will not help you, only solid due diligence will save you from making serious mistakes.
What we are witnessing is NOT panic selling, it is investors/traders unloading their shares after bad company news. This is called organized and educated selling.
Best of luck to you...
Why is it so hard to understand the difference between "downloads" and "users"? Downloading an app to check it out does not mean that 1) you will like it and 2) that you will continue to use it. It just means that you downloaded it! There is no way that the 31,000 downloads will translate into 31,000 users! The "users number will ALWAYS be lower (and in FDBL case, substantially lower imo). Please folks, get your facts straight before investing in this drowning stock!
Yep, BOOM is right! pps is down 70% since I sold all my shares 7 weeks ago! Supersonic boom!
I couldn't agree more as I have been very vocal about that. You were wise to only have a few $ here...
No matter how they spin it, July downloads are just bad. Just a few thousand downloads on a world wide platform, really? And we are supposed to get excited about that? Where are the 50,000,000 JLo referrals? Come on...
Sorry benhor, but will all due respect, you are not correct. I, and millions of cell phone users, have a few apps downloaded on our phones that we do NOT use. In the case of Friendable, I suspect that the number of users actually "using" the app will be depressing considering the promos the company has done. The company does not and will not make money on downloads, they make money on users, folks using the app on a regular basis. That is the most important metric, imo.
Wow, looks like we might see 3's today!
These are NOT the users numbers, they are the download numbers. The users number will be far worse imo, as I have detailed in earlier posts.
The writing was on the wall weeks ago. See my previous posts...
4's today, 3's next week, 000's in a couple of months, imo. What a wasted opportunity of what could have been a great story.
I know, right? It was hard to sell, but it is the third consecutive trade right under 50% return I do in the past month. I am happy, of course, but I know that I want back in on CARA. There is a lot more trading/investing in this company to do, and the next few months are going to be fun!
Sold all at 6.95. I hope I won't regret it, but 45% return is hard to leave on the table. Will get back in just under 6, if I am lucky to do so soon.
I couldn't agree more! And I have said so in many of my previous posts. The pps looks like it will hit the 4's possibly this week! What a collapse and what a shame that this company has so poorly executed on their business plan. One can put their head in the sand, but there is no way around this:
"Poorly functioning app, accelerating debt, heavy dilution".
No viral growth here, just cheap change downloads. And the "users" number will petrify even the most loyal shareholder. Watch out!
This folks IS the bottom line, imo.
Thanks Ottoman, but I read somewhere that this would actually not happen, at least not on August 1st. This article came out 3 weeks ago...
More spin...
Based on their research, FDBL users averaged only 1.6 pages per visits (which is pitiful), and only stayed 1:40 mn on the site (even more pitiful), which is also down 33%!!
Users apparently do not like this site, pure and simple. There is no way around these numbers, the users are not engaged, period!
As I predicted a few weeks ago, the users numbers will be horrendous. Look out for a free fall in the pps during the next few weeks. These are cold hard facts, no spin here, just disappointed that management couldn't handle what could have been a fantastic app, imo.
Almost certain, Huh, you want to rethink that advice?
Charting doesn't help with this stock...
That's great Baltia, you did well for yourself! I did well too with an 82% return in one week a little over a month ago, and that's exactly what pennies are for. I actually planned on getting back in, but as I said earlier, it is starting to smell really bad here.
This said, the higher the risk, the higher the reward, so best of luck to you and the folks on this board.
You could be right about that, but after the disappointing recent "download" numbers, and the more important "users" number, which is going to be horrific in my opinion, the pps will most likely respond fast and furious. The risk is a bit high at this point, for me anyway.
The other big problem is the constant dilution via toxic loans. FDBL needed far better downloads to absorb the dilution. Dilution means that your shares are worth a little less each day, and the company better show downloads climb like a rocket, which of course is not the case, even after so much support from Jlo etc...GLTA
It's nice to see that some folks are willing to save the little bit of money they have left in this stock. Good for you Jakhoub! I've been saying so for weeks and I've been dumped on by unrealistic folks on this board. Look at my previous posts, I have been spot on and made really good money trading this, but the tide has turned. The pps will be in the 000's in a couple of months imo. Just too little too late...
Of course they demand shares, they are BUYING THEM! That is not dilution, it is called an INVESTMENT! 30 years in business huh...
Too much misleading information in your posts to further comment.
READ the fillings, it is not pretty!
Good companies do not dilute their stock when they need money to grow their company. They instead get equity partners which shows tremendous confidence in the company. It is not the case here. Every dollars they spend is in company stock, including paying for these famous folks. The more artists promote the company, the more severe the dilution, and the more the stock has to go up just to stay even,imo.
Besides, when posters have to write 10 posts in just over an hour, it is no longer an investor or a trader, it become just a pumper.
MCIG did not dilute for well over 18 months and the CEO not only covered all business expenses with his own personal stock holdings, but did not get any compensation during the entire 18 first months of operations. This is what a shareholder friendly CEO does and he is not the only one. Management at FDBL is not shareholder friendly, and dilute the heck out of their company stock. Read the fillings, it is not pretty.
As much as I agree with you to some degree, When a CEO pays himself handsomely while generating only $11,000 in sales during a whole quarter and showing an enormous loss while not fixing the only product they have, it makes me want to run, which I did very profitably.
I asked my daughter to download the app and use it. She has a Samsung phone and could not do it successfully. That's good enough for me as she is very technologically inclined.
So lets see, besides having tremendous problems with their app, and diluting the heck out of the stock with so many short term toxic loans and big paychecks for management, FDBL only had $11,000 in sales and showed a $1,200,000 loss for the quarter ending in March 2016. At this rate, this would translate into a $5,000,000 loss for the year. If the issues with their app are not fixed immediately, the pps will hit the trips in the next couple of months, imo. Mark my words.
At this point, more events equals more trouble. 45 days, really? Good things will happen? HOW ABOUT THEY fIX THE DARN BUGS IN THE NEXT 5 DAYS? Now that would be good news and make the next events more successful. The more they make folks wait, the further down the pps will go, period. And that is all my own opinion.
If I can earn an 82% return a few time per year as I already have , then sure I'll follow this stock! The company has serious untapped potential, but they need to show investors and traders that they know how to realize that potential by fixing the bugs ASAP, imo.
Thanks 612rat. There are still other issues such as too much dilution per way of generous paychecks and way too many toxic notes etc, but fixing the bugs would certainly boost the pps in a very nice way, and allow them to take advantage of the hype created by the famous folks pushing the app.
Ok, this is too good for not taking any credit and...
I do have to apologize to all as the below prediction was off by 1 day as quoted #20350:
"This piece of news is total bullsheet! A surge in teen downloads??? THEY CAN'T USE THE APP! Watch the pps drop by the end of the day!".
It shouldn't be a surprise to anyone paying attention. The pps will not recover and will probably drop back to the .007's. The slide will continue until THEY FIX THE BUGS!!! And on top of that, the company is pissing off tens of thousands of teenagers who will tell tens of thousands of other teens NOT TO DOWNLOAD this app because THEY CAN'T USE IT! One can play down this scenario, but the writing is on the wall. I personally hope that the bugs are completely fixed immediately so I can get back in in a big way, but I doubt that will happen fast. In the meantime, the more famous folks push the app, the more pissed off teens there will be. This is all my personal opinion. GLTA
You are not missing anything! This piece of news is total bullsheet! A surge in teen downloads??? THEY CAN'T USE THE APP! Watch the pps drop by the end of the day!
As promised, I just sold all my shares at .0128 for an 82% profit in one week, and I still believe the pps will drop much further again due to management's inability to fix the major problems with this app. I may re-enter if and when the bugs are fixed. GLTA
Again, too many issues with this damn app!!! By not fixing their issues, Friendable is killing their business! I predict that the pps will take a major dive any day now and shareholders will wish they sold earlier. The markings are on the wall. This is not a new problem, it is a problem the CEO cannot or does not want to fix. This company is run by inept managers who are not willing to act FAST. In this industry, you do not get second chances. I am done and pissed, so I will be selling my shares on Monday! This is of course my humble opinion.
This is exactly why their downloads numbers are meaningless. What good is an app if you can't use it? The only meaningful number is the USERS NUMBER. These are folks who downloaded the app successfully and who patiently worked their way through the pain and frustration of actually getting the app to function and be able to USE it. Failure is an opportunity to shine and these guys better get their act together fast or risk to see the pps of their stock plummet to the point where an R/S will become necessary.
You sure did and I agreed with you. This stock is now primed for a nice bounce to .012. So far so good.
Got in right on time with a small 50K position at .007!
Ok, I think it's time to nibble at this! I might be a little early, but it looks like the pps is stabilizing.
Looks like the pps may be finding a bottom?
.0065 on the bid...
I appreciate your reply Sirglenn. For the record, I was extremely excited to get into this stock when I did, and I intended to stay long. I still think that the concept is a winner, especially with the Millennials, but it is in the hands of folks who do not intend to GROW the company. They have admitted that they were founding the company to sell it! How can I trust an entrepreneur who is only interested in cashing in? They apparently proved this exact point by paying themselves handsomely before the shareholders could enjoy making a buck, which is not forward thinking at all.
'007's on the bid...
Fair question so I will give you a fair answer. I bought at .012 and sold at .017 for a nice profit. I almost bought back at .012 recently, but decided not to after the depressing downloads number came out, and I am glad I didn't. Now, I am patiently waiting for .05 to get back in for a cat bounce.
The "attack" on the stock is completely justified. The Bros are paying themselves handsomely while diluting the heck out of the stock, and they are signing more toxic loans. The downloads number is absolutely awful considering 60 Million views on the JLo video, and the stock pps is still more than double what it was a few weeks ago. What more do you need?
These guys are Amateurs! They have no flipping clue! They are just in it to create hype, dilute the heck out of the stock and try to sell their company for a profit. Based on their past history, they are not trust-able! Feeling bad for the gullible folks that are still "believing"...