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.
This is true. Only 800 a/s. I also called WY and the filing is accurate
They can't convert below .0025 and .003. Nice try
Not speculation really at all. Read all the PR. Every single one of them have come to fruition from on to the other.
Big things coming
Fan Pass Live hasn't even been released yet and when it does it will come with celebrity attention. Friendable went to .03 on its release and Fan Pass will be 10 times better.
Been following this one a while. Think it's going to move soon.
The way I see it we are all buying right now at over 1000% discount.
No just Alpha and Palladium. What am I missing
So I'm hitting this stock hard. Let's not give the hedge fund too good of a discount lol.
Exactly why we been seeing opposition here much harder in recent days
Deal is probably done though
Either way FDBL will be huge and will go WAY up
Since you brought it up and possibly a scenario for FDBL:
When they closed the acquisition of Combo Hitter, they announced that they have also signed a $5 million securities purchase agreement with a hedge fund called Blackbridge Capital LLC. The management team decided not to put the details around the funding commitment in the press release, but fortunately, they disclosed them through an 8-K filing. Thanks to it, we learn that over the next 24 months, Blackridge will buy GLDG shares at a 16.5% discount to the market price
Yes I have. They are a financial advisor group. Why?
Another dump right out of the gate soon to be fixed right up with a $41 100 share paint job lololol
Go $FDBL
Fan Pass Live (tm) will put FDBL over the top
Oh really so who bought them. SMARTER ones.
How long did SFOR run for?
Mhm that's why millions of shares are being bid on every day. Nice try but they'll be reducing A/S soon. That's what the last PR says to me.
Investors will be coming in and they'll reduce the A/S in return for their commitment. Can't wait
Boom!!!
I heard great things to come from this company. What's a good 2 month price target here.
I've got $$$ to invest and looks to be a huge winner to me.
CEO and management are orchestrating this brilliantly. I have 100% faith they will bring it with the "unheard of" conventional financing.
4-10M on the bid daily and no ones buying LMAO.
Hoping to have 10% of the o/s soon!!
Go FDBL!!
Wrong again. Millions of shares be bought every day. By who?
"11 billion more to dump" is misleading and utterly a false statement. Taking A/S and telling people they "WILL" issue is false and misleading.
You don't say "maybe or possibly" you all say they WILL which is false.
Thank you for your confirmation that conventional financing is unheard of. So when they get it make sure you come on here and hype it up and let everyone know they did something very out of this world. As FDBL stock goes through the roof
Exactly. You can't back up your seemingly factual 1.25B o/s. All guess and no facts as usual
Oh why don't you provide a link to the filing showing the latest O/S. because last I see it's 867+-M. Please do tell
Oh now someone decided they want 2M more at .0016 so nice.
Oh really 1.25B. Please do tell where you are getting this inside information that hasn't been released or is it a guess?
10 million on the bid. Lmao. Some one wants in bad.
Exactly why they knock this stock constantly. Just to grab cheap shares.
Nice 1M share ASK SLAP!
Yes it will and you see what this little PR did. Wait until we get some solid news....BOOM
+33% Nice START
Bid support should be HUGE
Yes agreed it is HUGE news
$FDBL ready to explode with new investment and positive outlook for 2017. About to give birth to Fan Pass (Tm)
"Friendable is currently in discussions with high net worth individual investors and investment bankers who have the ability to assist with the transformation of debt into equity and with a capital raise that will produce up to 15 months of working capital, which is exactly what the Company needs to build value for our loyal shareholders. We will provide updates if the terms of an agreement are reached in these restructuring efforts"
BOOM
Investors will drive this stock up through the roof is what that means. They just Tee'd it up here
CAMPBELL, CA--(Marketwired - Feb 14, 2017) - Friendable, Inc. (the "Company") ( OTC PINK : FDBL ), a mobile & social focused technology company, focused on connecting users with location specific, interactive and live content, provides a recap of 2016 and a roadmap for growth in 2017.
The Company's efforts over the last year focused on a combination of user acquisition and brand marketing initiatives, key partnerships, and a strategic investment in an exclusive live streaming technology developed and owned by Hang With, Inc. ("Hang W/"). We also gained access to over 8 million total users of the Hang W/ mobile app that we are attempting to convert to users of the Friendable app. The Company also intends to further diversify its product offering in the rapidly growing live streaming video marketplace, through the development of an exciting new app platform, "Fan Pass Live".
Robert A. Rositano Jr., Friendable, Inc. CEO stated, "We have worked diligently during 2016 to secure several key pillars of technology, infrastructure and expanded partnerships that will assist us in forming a robust social and live streaming mobile enterprise. We believe this groundwork will enable us to engage the investment community with an opportunity to convert our current debt into equity with a qualified funding of at least $3 million dollars".
Mr. Rositano continued, "We believe a $3-million-dollar financing with no debt will give the Company up to 15 months of operating capital that will allow the Friendable app, and soon Fan Pass Live, to deliver accelerated growth in a marketplace that has emerged as one of the most rapidly growing sectors; live streaming video."
Friendable is currently in discussions with high net worth individual investors and investment bankers who have the ability to assist with the transformation of debt into equity and with a capital raise that will produce up to 15 months of working capital, which is exactly what the Company needs to build value for our loyal shareholders. We will provide updates if the terms of an agreement are reached in these restructuring efforts.
As the Company enters a pivotal 2017, management believes its restructuring of the Company's current debt, as well as a simultaneous significant capital raise is the best path forward to achieve continued organic user growth of the Friendable app, new product roll out, and monetization testing in several areas of the business:
Leveraging Key Partnerships
Technology is most valuable when it can be utilized and monetized, through integrations and exciting new products or services. On this front, Friendable showed evidence of its ability to leverage its strong relationships within the artist community for an increased surge in registered users to the Friendable app in 2016. Friendable was also able to integrate its brand into music videos released by Jennifer Lopez, Fifth Harmony & Fetty Wap, and Daya. In addition, former LMFAO member Red Foo's first-of-its-kind, 360-degree virtual reality video release, "Party Rock Mansion" and a meet-up with Austin Mahone were also prominently featured. Friendable's partnership with Epic Records also resulted in a Meghan Trainor Concert ticket promotion and giveaway.
Expanding User Growth
Friendable's main focus in 2016 was to build toward a critical mass of users. The Company embarked on several marketing initiatives over the course of 2016 in an effort to grow closer to this goal, which included various forms of mobile display advertising, direct to mobile, Facebook targeting, general social media activities and most importantly, comprehensive brand integration programs with music artists and celebrities. The most significant spikes in rankings, downloads and user engagement were realized during each of the above marketing spends and can be directly correlated to to each marketing test, with varying degrees of effectiveness.
Strategic Investment - Diversified Product Offering
Friendable's decision in late 2016 to diversify its business through a strategic investment in live streaming technology, allowed the company to expand opportunities. Its investment in Hang W/, and acquisition of a royalty free license to its proprietary live streaming video technology, broadened the Company's offerings and we believe puts Friendable on the forefront of the hottest growing sector of mobile applications, Live Video Streaming, a market that Statista projects will exceed $7 billion by 2021.
Friendable has achieved approximately 25% growth in users worldwide since the end of 2015. With over 850,000 total registered users, up from approximately 650,000 at the end of 2015. The Company is currently evaluating 2017 efforts for the Friendable app. The Company's management believes a targeted social media campaign, targeting the most densely populated areas of the U.S., is the next step in its effort to move closer to critical mass on a city by city basis, keeping its macro goal of millions of registered users for each of the US and worldwide. Friendable's management believes the Hang W/ mobile application, with over eight million users in the history of the app, will also provide fertile ground to further grow users through direct marketing efforts, outlined as part of its strategic investment in the company.
According to an article on Venturebeat.com, the cost to acquire a loyal user, defined as a user that has opened a mobile app at least three times, reached $4.23 in December 2015. According to Flurry analytics, in 2016, the Friendable app had 150,214 users that averaged over three sessions each, last year on Android, and 104,735 on IOS, resulting in a total of 254,949 loyal users. The Company also received approximately 200,000 newly registered users during the same time period. The Company believes that these numbers put the Friendable app in line with industry averages and expectations for a viable mobile application.
Looking back at 2016, monthly user growth accelerated each time a new marketing initiative rolled out:
The Friendable app is currently adding approximately 100-200 new users per day, through social discovery and organic growth only.
In December 2016, 4,876 new registered users were added.
Mr. Rositano added, "I want to express my gratitude for the hard work and dedication of each of our employees and partners in 2016. This dedication enabled 2016 to be a successful development year for our Company. We believe the elements of long-term success are in place, and with continued execution and the dedication of our investors and users alike, we are poised to open up an entirely new chapter in 2017 and beyond. Our team's ability to recognize technology trends and use what we have learned along the way has been the foundation of our vision and we must now focus on the Company's financial structure and properly capitalize our efforts as we seek to build value for our shareholders and sustain 12 to 15 months of solid operational advancements."
About Friendable, Inc.
Friendable, Inc. is a mobile technology company that develops, acquires, and invests in mobile applications with a social focus. In 2013, the Company released its flagship product Friendable, a mobile social application where users can create one-on-one or group-style meetups for food, drinks, live music, or any occasion. In 2017, Friendable, Inc. plans to release its brand new mobile app platform "Fan Pass Live", a live streaming video application for both iPhone and Android, platform designed to allow music artists, athletes and celebrities to offer their fans and social followers a backstage or VIP experience right from their smart phone. Through the Friendable and Fan Pass applications, Friendable, Inc. aims to become the premier brand, for mobile platforms that are dedicated to connecting and engaging users beyond today's limitations.
Visit our social media properties
Facebook: http://facebook.com/friendable
Twitter: https://twitter.com/friendableapp
Instagram: https://www.instagram.com/friendableapp/
Shareholder Update! 1/14/17
http://finance.yahoo.com/news/friendable-provides-shareholder-103000239.html
Has not had
$FDBL is coiled. About to explode