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Jason is to carry the torch ! :(
The CEO of DuBe stated in the PR that..."We are confident FBEC and their CEO will bring DuBe(R) and WolfShot(TM) to the next level and operate with greater economies of scale needed in today's market."
$1M in sales of DuBe is less than the sales of BBDA and RMHB, who continue to struggle in the beverage market and who's shareholders have taken it in the shorts.
So let's analyze the PR: no real contract, just another LOI to pump the stock this week. Jason is going to cross-market WolfShot and Dube's HEMP shot ? This is absolute genius ! Like Pepsi having a "strategic" partnership with Coke, or Monster and RedBull joining forces to scale their business of economy.
This is what you get when you take an English major, Jason, and hand him the keys to running a real business. He is a stock promoter that just put out the most stupid PR in the history of WallStreet. Maybe his wolf mask is in the way and he can't see what's he's doing.
Maybe who ever has given him advice didn't realize the stupidity.
Duh. See the OTC Profile Page.
Update the OTC Company profile, and update the IHUB profile. There is a lack of current disclosure and misleading information. It would better your cause at least ! Right now things are looking grim for FBEC. Proper disclsoure and a business plan would be encouraging to shareholders. :)
FBEC has no CEO, Chairman or Directors ?
The FBEC OTC Company profile page has been changed and only provides disclosure that Jason is the President. There are NO official Officers and Directors disclosed. This leads me to believe that there are SEC problems here and that there are rats jumping the FBEC ship officially and staying aboard unofficially !!!
The Moderators need to clean up profile page.
There is no DEF14 filed indicating any reduction in the authorized shares by 58%. Stale news and false promises. This has been posted since September-2015.
J&D Labs does nothing for FBEC at this moment. NADA ! ZERO ! They are NOT the copacker for WoldShot. J&D Labs only does nutraceutical packaging of capsuls and tablets. This is more than stale news, it's misleading information. This lab was engaged by SAND per a press release and 8K.
The OTC Company Profile page needs to be updated with the most current share structure.
There are photos of Wolfshot products. Which ones are actual and which ones are photo-shop ? Remove the mock-photos.
I notice they have Jason as the President. WHO IS THE CHAIRMAN, CEO AND BOARD OF DIRECTORS ????
I'm glad you think its easy. But .....
How is WolfShot going to compete and demonstrate the revenue base to provide the analytics for adding any value to our investment ? FBEC is loaded down with Beaufort conversions and toxic debt!
Why should Rob Marino of Beaufort Capital Partners start converting any of the new notes due under convertibles funded to FBEC between May 1, 2015 and August 7, 2015 when he is holding an assignment of debt that will take 2 years to convert at these levels and a reserve of 1.5B+ shares with Securities Transfer Corporation. Beaufort can only convert 4.99% of the OS or have possession of only 4.99% of the OS at any given time. The $104,081.81 debt assignment has a street value of $30M at today's price.... Beaufort converts at $.0001 under the terms of the Debt Assignment, and for a measly $1,000 conversion Beaufort receives 10M free trading common shares and sells at $.03+ and/or $300,000+. Hence, in my opinion, why Jason Spatafora and Adam Heimann/Midam Ventures are on stage !
In a transaction coordinated by FBEC accountant, Norman Birmingham (Sweet Challenge Inc.); Rob Marino, Managing partner, signed on behalf of Beaufort Capital Partners LLC on April 30, 2015, a Debt Securities Assignment and Purchase Agreement between Beaufort Capital Partners, LLC and Biznet Worldwide Ventures, Inc. (who were assigned the debt from HBB, LLC) for loans provided to FBEC from HBB, LLC in the amount(s) of $64,224.65, $34,981.81, $60,418.75, $51,000, $60,038.16, $,3,061.84, respectively between January 1, 2010 and August 4, 2013. THIS AGREEMENT WAS NEVER DISCLOSED IN AN 8k !!!!
HBB, LLC is a group of INVESTORS originally brought to FBEC by Norman Birmingham consisting of (Yohanan Aharon, Ilya Aharon, Vladimir Makeev, Jordan Shefsky and Ioulia Chpilevskaia). THERE IS NO EVIDENCE THAT CONSIDERATIONS WERE ORIGINALLY PAID FOR THIS DEBT. The remaining $104,081.81 held by Yohanan and Ilya was assigned to Beaufort.
What broker cleared this deal ? Did FBEC pass a shell review considering the Balance Sheet has ZERO assets on the books and in the filings from 2013 all the way to June 30,2015 ????
Jason was appointed to FBEC as the CMO in August-2015, which provided him with 10M FBEC shares, along with 10M provided to Midam ventures/Adam Heimann; and in charge of the Copacker since then. Now Jason (Wolf of Weedstreet and Stock Promotion King) is the President of FBEC. WHO IS THE CEO AND CHAIRMAN ???? SERIOUSLY ???
Looks to me more like 100M in the float at this moment in time !
The float posted on OTC has to be inaccurate and out-dated. There were 53M free trading shares deposited with SAND’s broker last month. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing is edgarized, and this doesn’t need to happen until November 15-2015 ! So what you see on OTC today is not what the float really is !
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
This is how you'll see 4 cents.
FBEC accepts Jason's resignation and appoints an experienced CEO and Chairman to take this company to the next level.
FBEC appoints 4 more Directors to its Board with known experience in various sectors of the beverage industry in order to provide oversight with corporate activities and growth.
FBEC accepts Midam Ventures resignation and appoints a credible known IR/PR firm experienced in the beverage market.
FBEC retires the Beaufort debt assignment of $104,083,083 at $.0001 conversion features in order to remove the toxicity from future liquidity. This allows existing shareholders and future investors a fair platform to work with.
FBEC restructures all of the notes in order to prevent dilution and toxicity while executing a reorganization plan.
FBEC engages a Co-packer with the resources and experience to produce 2 oz energy shots. FBEC also engages a design firm to improve the logo and packaging design of the product.
FBEC appoints an experienced COO to handle product development and manufacturing.
FBEC appoints a known advertising agency with experience in beverage marketing to develop an advertising/marketing campaign for WolfShot.
FBEC develop 2 more beverage drinks outside of the HEMP market to leverage their sales and audience.
FBEC hire an experienced consultant to open distribution doors to place product where it belongs.
FBEC do an S1 registration to raise $5M to grow the company.
FBEC provides more frequent current disclosure to confirm progress and material events related to corporate growth.
I'm sitting back with Jason. Who's driving ?
So the SEC Filings are not enough proof ?
What are you saying?
You agree that there is product being sold and people on IHUB are drinking it ? You agree that the IHUB pages should remain stating that J&D Labs has anything to do with copacking WolfShot, or that there is a reduction in the authorized shares ? You agree that Jason Spatafora is a competent CEO without any conflict of interest ? You agree that Adam Heimann accurately disclosed that 66.7% of the vote removed SAND as CEO ?
The 8K filings in September-2015 are an SEC investigation at best.
Show me SEC disclosure regarding product costs, product inventory, distribution and officer loans provided to capitalize the launch of Wolfshot.
So you're saying FBEC disclosure is misleading ?
So anything being said on IHUB about the reduction of authorized shares and people drinking Wolfshot is all bogus ? You're telling me that J&D Labs is NOT the Copacker for Wolfshot ? Who are they ? There is really no money for FBEC to distribute their product, where ever it is ?
So, if I simply rely of the public SEC filings the only real facts include no product, unexperienced stock promoters (i.e., Jasan Spatafora and Adam Heimann) as beneficial holders, and officers/directors of FBEC with no success stories, and a whole bunch of dilution and toxicity facing any poor soul who buys FBEC stock now or in the future ?
This is an easy stock symbol promo for the Wolf and his pack, but in reality the energy drink market is saturated, and worse, the HEMP drink market is niche. Finding shelf space to place this product, along with its poor package design, will be a disappointment to us shareholders. There are many other HEMP energy drinks on OTC with real sales and experienced people conducting their operations, and they are struggling !!!! BBDA, RMHB, etc...... FBEC is doomed to fail and lose your money !
How is WolfShot going to compete and demonstrate the revenue base to provide the analytics for adding any value to our investment ? Further, FBEC is loaded down with Beaufort conversions and toxicity ! This stock will never lift organically !
Why should Rob Marino of Beaufort Capital Partners start converting any of the new notes due under convertibles funded to FBEC between May 1, 2015 and August 7, 2015 when he and his POSSY are holding an assignment of debt that will take 2 years to convert at these levels and a reserve of 1.5B+ shares with Securities Transfer Corporation. Beaufort can only convert 4.99% of the OS or have possession of only 4.99% of the OS at any given time. The $104,081.81 debt assignment has a street value of $30M.... Beaufort converts at $.0001 under the terms of the Debt Assignment, and for a measly $1,000 Beaufort receives 10M free trading common shares and sells at $.03+ and/or $300,000+. Hence, in my opinion, why Jason Spatafora and Adam Heimann/Midam Ventures are on stage !
Rob Marino, Managing partner, signed on behalf of Beaufort Capital Partners LLC on April 30, 2015, a Debt Securities Assignment and Purchase Agreement between Beaufort Capital Partners, LLC and Biznet Worldwide Ventures, Inc. (who were assigned the debt from HBB, LLC) for loans provided to FBEC from HBB, LLC in the amount(s) of $64,224.65, $34,981.81, $60,418.75, $51,000, $60,038.16, $,3,061.84, respectively between January 1, 2010 and August 4, 2013. THIS AGREEMENT WAS NEVER DISCLOSED IN AN 8k !!!!
HBB, LLC is one of Norman Birmingham's group of INVESTORS (Yohanan Aharon, Ilya Aharon, Vladimir Makeev, Jordan Shefsky and Ioulia Chpilevskaia). THERE IS NO EVIDENCE THAT CONSIDERATIONS WERE ORIGINALLY PAID FOR THIS DEBT. The remaining $104,081.81 held by Yohanan and Ilya was assigned to Beaufort.
What broker cleared this deal ? Did FBEC pass a shell review considering the Balance Sheet has ZERO assets on the books and in the filings from 2013 all the way to June 30,2015 ????
Looks to me more like 100M in the float at this moment in time !
The float posted on OTC has to be inaccurate and out-dated. There were 53M free trading shares deposited with SAND’s broker 60 days ago. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing is edgarized, and this doesn’t need to happen until the end of November ! Jason gets to milk this as much as possible before real disclosure is made in the 10-Q. So what you see on OTC today is not what the float really is !
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
Why were none of the other shareholders invited to this private FBEC Xmas Party ?
I've looked at THCZ. It's better than FBEC.
THCZ is now RHMB. They did more than $700,000 is sales at a 50% margin on COGS. Not so good, and they have money,marketing and distribution of product. As bad as it is, it's BETTER than FBEC !
BBDA and their Cheech & Chong endorsement and products are better than FBEC. BBDA is also anothre loser in terms of being successful.
You're kidding right ? How low do we need to lower the bar to make FBEC look good ?
Why would you say FBEC is crying Wolf?
Is it because they haven't reduced the authorized as promised ?
Is it because they haven't launched the product as promised ?
Is it because they haven't maintained proper disclosure ?
Is it because they have no infrastructure to run the business ?
Is it because there is no domestic distribution in place ?
Is it because the float and outstanding shares are not current ?
Is it because the CEO has no success record or experience ?
Is it because the SEC is now looking into 8K filings of concern ?
FBEC can have as many conference calls as they feel necessary.
Unless there is a PR or an SEC filing disclosing factual material events; how can anyone in their right mind not lose confidence in this company ?
Let's hope you're right. Or not.
So you claim there is product coming this week? I believe that there is product right now from the photographs on this site. I also can see that the product has no legs to run with. At this point, 6 months later, to be jumping up and down for joy that the product has finally arrived is ludicrous.
One employee running the show. One unknown chemist with no real product or formula success story. No one with experience in this industry, either external or internal. A packaging eye-sore with no data supporting any taste tests or trials. Top heavy with stock promoters and toxic funding. No cash in the bank. No current disclosure to support anything being said on this Board.
No PRE/DEF14C to support any reduction in the authorized. No updated share structure to support issuances against contracts, notes and conversion notices.
......this is a scam.
Why would you say FBEC is a scam ?
Suppose that they do have product and sincerely plan to launch this product ! Bwhahahahah....... unimaginable. Hit me with a baseball bat.
FBEC has no money or infrastructure to compete in the energy drink business ! There is no proper disclosure to indicate any funding commitments or management team with the experience to launch WolfShot. This entire deal is wearing a wolf mask.
I'm waiting for Spatafora and Heinmann to quietly exit and disappear with the possy hot on their trail.
Imagine if you bought this at $.12 ?
$.04 is not a bad escape point.
Keep in mind that its a win-win for any investor dumping stock who purchased it at $.0001. (BCP has their name written all over this deal).
The FBEC ATM for CEO's !
JB.... you are right. If you do the math, from April 28, 2015 through October 30, 2015 (only 6 months) the company has obligated itself (...weighted itself down) with compensation to its recently fired CEO position with 150M shares to SAND plus $295,000 a year salary with $20,000 a month personal expense budget; and 2M shares to its new highly qualified CEO, Jason Spatafora (also stock promotor and the "Wolf" of WeedStreet) with a $180,000 annual salary with additional considerations and incentives.
In otherwords, to date, FBEC has paid a total of $125,000 in cash to SAND, for his salary plus expenses of $80,000 in cash for SAND expenses from May-September of this year, $30,000 to Jason for his Salary for the past 60 days, plus any expenses (unknown at this time) and diluted all of the other FBEC shareholders by issuing 150M shares to SAND and 2M shares to Jason.
So in comparison, FBEC gave 50% of its cash resources to SAND and SPATAFORA, and the two of them hold 63% of the float !
Better yet.... there is nothing to show for it !
Linda Strause Ph.D. sue FBEC ?
Possibly. Why would anyone of her stature go into business with the Wolf of WeedStreet ? It must annoy her to even speak with Jason considering the gap in their IQ's.
Jason's Tweet "Take the $ and run"
Great post ! It's amazing, but he lives up to his Tweets. The better question is who and how is Jason drawing a salary of $15K ? There is no evidence of any funding. There has been no disclosure to support product inventory, sales, how it was paid for, marketing budget, staffing requirements for the hard launch, distribution placement and support....
The 10-Q Ending September 30, 2015 will tell all. Can't wait to see it !
Maybe just a rash, not a breakout.
All window dressing while the FBEC squad figures out how to plug the holes in the bottom of the boat.
Without disclosure (i.e., 8K or News) there is absolutely nothing here to hang your wallet on.
There is no disclosure to verify anything !
We will need to wait to read the 10-Q ending September 30, 2015. There is no other current disclosure to confirm any product inventory, product sales, affiliate loans made to FBEC, distribution sources, or how Heimann purchased the 1,000 Preferred Shares on September 10, 2015 to oust Robert Sand from the helm of FBEC.
The true missing disclosure is what agreement was made between Robert Sand, Jason Spatafora, Adam Heimann and Mathew McMurdo in order to allow Robert Sand possession of 203,000,000+ common shares of FBEC / $6,000,000+ worth of FBEC shares, after an 8K was filed saying the following:
Item 5.02 Departure of Directors or Certain officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers
Effective at 10 P.M. EDT September 10, 2015 the employment contract for Robert Sand was suspended pending the outcome of a corporate investigation related to his activities as Chief Executive Officer and Chairman of the Board of Directors, for actions detrimental to the corporation, conflicts of interest, breaches of fiduciary responsibility and potential fraud. A corporate investigation of his actions is underway and all legal and equitable actions that can be taken by the corporation for recovery of assets or capital have been approved.
Adam Heimann and Joseph Spatafora were nominated to the Board of Directors to fill the vacancies. This action was taken at the consent of 66.67% of the shareholders votes capable of voting on the removal of the members of the board of directors and was then approved by the newly appointed Board of Directors.
Mr. Heimann was elected as the President and Chairman of the company with Mr. Spatafora as Secretary/Treasurer. Additional officers and directors will be added as they are qualified and agree to their inclusion.
Employment contracts with Mr. Heimann and Mr. Spatafora will be filed separately as they are agreed to.
The Company received and accepted the resignation of Michael Wilcox as a member of the Board of Directors.
When will the authorized be reduced ?
I'm not understanding why the FBEC IHUB page talks about a decrease of the authorized shares of 58%, and shows pictures of a Copacker that doesn't produce anything for FBEC. REMOVE IT or DO IT !
Normon Birmingham is the former FBEC accountant.
The FBEC filings indicate that he has been running this company for many years. Bringing in new CEO's and management, bringing in worthless assets from beverages to oil technology, and racking up huge accounting bills for his Sweet Challenge and other alias' that he uses to make money off this deals.
Norm was behind SAND's preferred share purchase from Vinyl Groove Productions, and Adam Heimann's heist of FBEC on September 10, 2015, per the 8K filings.
He hired various CEO's such as Ian Hobday, Bill Coogan. Michael Wilcox, and assisted Robert Sand with his CEO placement, as well as Heimann's interim CEO placement before jason was thrown in with the wolves "no pun taken". Of course, he always had the current CEO sign off on everything like a rubber stamp.
He sells his debt off to investors, recently with Asten Wyman International, per the 8K filing.
He provided all of the FBEC accounting services, and I'm not sure what his credentials are; but there were never any assets on the books until SAND hired Malone-Bailey in May-2015 and purchased assets from G. Randall & Sons.... I can't even see how FBEC is not a shell company considering the accounting debacle created by Norm.
So those are the rumors ?
I've seen those rumors for months. How long does it take before a rumor is no longer a rumor?
If it is no longer a rumor, and there is no news, would it then be a flat out lie ?
You can't put a saddle on a horse.......
and call it a cow.
This hot air balloon is losing altitude!
I can't see news. What is the rumor?
SEC Investigating Jason ? Pamela Long, Attorney
http://www.sec.gov/news/digest/dig032003.txt
What makes you think Pamela cares about Spatafora ? he knows just how far to take things to the edge. He's the "Wolf of Weedstreet".
FBEC may have a chance is they would just engage experienced people to handle product development, product distribution, product design & packaging, and product marketing. They only need 4 experienced people, and Jason could remain as the CEO/Chairman, while these people make this company grow.
FBEC 8K Filed May 6, 2015. FACT
Where are you getting your information ? SAND's stock is being traded as we speak. Worse, he didn't file Form 3 or 4 on the stock he traded as part of being an Affiliate.
Look at the link to the 8K. Its clear. The Preferred Stock was converted instantly, and deposited. There were no conditions or restrictions other than Affiliate. On December 12, 2015 he reaches his 90 day period and becomes a non-affiliate and can trade 4.9% of the float.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
Item 3.02 Unregistered Sales of Equity Securities
On May 1, 2015, the Company’s majority shareholder elected to convert 8,999 shares of Series A Preferred Stock according to the conversion formula in the Certificate of Incorporation for that class of stock. Accordingly, the Company converted the shares of Series A Preferred Stock into 53,406,528 shares of common stock of the Company.
Additionally, on May 5, 2015 the Company issued 150,000,000 shares of common stock to Robert S. Sand according to the terms of Amendment No. 1 to the Employment Agreement.
After the issuances of the common stock as described herein, the Company now has 152,244,345 shares of common stock issued and outstanding.
Item 9.01 Financial Statements and Exhibits
Normon Birminham is the orchestrator !
He has been behind the scenes replacing CEO's, auditors and lawyers while selling his debt and creating new debt for his various consulting services.
He orchestrated the share purchase agreement between Vinyl Groove Productions (Dance broadcast Systems and FBEC's preferred shares.
He orchestrated the share purchase agreement between SAND (S&L Capital) and Vinyl Groove productions.
He orchestrated selling his debt to Asten Wyman International.
He orchestrated the selling of Vinyl Groove Productions to Adam Heimann.
According tot Malone-Bailey auditors, Normon's accounting skills are sub-standard, as witnessed in the FBEC filings over the past 4-5 years
Yes HOLD THEM SHARES ?
We wouldn't want to make it hard for Beaufort Capital Partners, and Rob Marino, to dump more FBEC shares with any other competition !
The facts regarding taking control of FBEC…
The filings disclose all of the following, either in 8K or 10-Q filings as follows:
On February 3, 2014 FBEC purchases 90% of a subsidiary owned by Vinyl Groove productions, Inc. (A Wyoming Corp.); the subsidiary is Dance Broadcast Systems, Inc. (A Delaware Corp). The Stock Purchase Agreement discloses that FBEC purchases 90,000,000 common shares of Dance Broadcast Systems, Inc., with 10,000 Preferred Series “A” shares of FBEC. These Preferred Series “A” shares are never recorded with the transfer agent (Securities Transfer Corporation) and they hold 100% of all of the voting rights of FBEC. At the time, Michael Samison signs for FBEC as the “President”, and William Coogan signs for Vinyl Groove Productions as its “President”; executed on January 24, 2014.
There is no cash consideration used to purchase the FBEC Preferred Series “A” shares.
Ian Hobday is the CEO of FBEC at that time, and replaced afterward by William Coogan. For some reason, Michael Samison is the FBEC signer on that transaction and Norman Birmingham is the company’s internal CPA and laison between Vinyl Groove Productions and FBEC.
Between January-2014 through April 28, 2015, there are no revenues, no assets and no filings, nor any serious activity. The filings remain delinquent and there is no proper disclosure.
On April 28, 2015 there is a Stock Purchase Agreement executed between Vinyl Groove Records and S&L Capital, Llc (Sole owner being Robert S. Sand). Vinyl Groove Records sells the 10,000 Preferred Series “A” shares of FBEC for $100,000 to S&L Capital, Llc. The Stock Purchase Agreement allows the purchase to be executed in 4 tranches of $25,000 each, provided that upon the first $25,000 payment that Vinyl Groove Productions transfers 9,000 Preferred Series ”A” shares to S&L Capital, and the other 1,000 Preferred Series “A” Shares are held in an Escrow account with Callie Tempest Jones, Attorney with BCJ Law Firm in Salt Lake City, UT. The actual Share Certificate is in the name of S&L Capital Llc, and cannot be delivered to either party unless the Default Terms of the Promissory Note are executed. (There is a Promissory Note attached to the Share Purchase Agreement for $75,000 with payment terms.) The DEAFULT CLAUSE reads as follows: “4. Costs, Indemnities and Expenses. In the event of default as described herein, the Individual agrees to pay all reasonable fees and costs incurred by the Lender in collecting or securing or attempting to collect or secure this Note, including reasonable attorneys’ fees and expenses, whether or not involving litigation, collecting upon any judgments and/or appellate or bankruptcy proceedings. The Individual agrees to pay any documentary stamp taxes, intangible taxes or other taxes which may now or hereafter apply to this Note or any payment made in respect of this Note, and the Individual agrees to indemnify and hold the Lender harmless from and against any liability, costs, attorneys’ fees, penalties, interest or expenses relating to any such taxes, as and when the same may be incurred.”
On May 1, 2015 Robert Sand converts 8,999 of the Preferred Series “A” shares to 53,406,528 unrestricted common shares per an *K filed on May 6, 2015.
On August 25, 2015 Robert Sand appoints Adam Heimann as the COO, and appoints Adam’s attorney, Gary Henrie, as FBEC General Counsel.
On September 9, 2015, Gary Henrie submits his resignation, and Adam Heimann is dismissed as the COO pursuant an 8K filing of September 10, 2015. This demonstrates possible problems between SAND and HEIMANN sometime between August 25, 2015 and September 8, 2015.
On September 11, 2015 Adam Heiman and Jason Spatafora claim that 66.7% of the vote elected to suspend Robert Sand as the CEO and Chairman of FBEC. This would indicate that either on or before September 11, 2015, Vinyl Groove Productions was purchased by a third party, and that third party assumed possession of the remaining 1,000 Preferred Series “A” Shares that were in DEFAULT between S&L Capital and Vinyl Groove Productions pursuant DEFAULT against SAND. It would also indicate a violation of SAND's rights under those terms of default.
This is where FINRA and the SEC will most likely focus their attention. How did the 1,000 Preferred Series “A” shares held in ESCROW by Callie Tempest Jones, Attorney at BCJ Law Firm become transferred without violating the DEFAULT provisions of the Promissory Note between S&L Capital and Vinyl Groove Productions ?
Were those Preferred Shares still in ESCROW after September 11, 2015 ?
The bigger question is how did the 66.7% of the vote take control of the FBEC Wyoming Corp, and make changes with SEC Filing accounts so quickly, provided that the 1,000 Preferred Series “A” Shares were in ESCROW and in the name of S&L Capital, Inc. ?
Final question: On September 12, 2015 there is a missing piece of the puzzle, whereas SAND, Heimann and Spatafora come to some kind of an agreement so that SAND keeps 150,000,000 shares under his Employment Contract, and 53,406,528 unrestricted common shares under S&L Capital. Where is this agreement ? Both FINRA and the SEC will find it, and prosecute.
What is the float here ? 100M+? TOXIC
The float posted on OTC has to be inaccurate and out-dated. There were 53M free trading shares deposited with SAND’s broker last month. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing is edgarized, and this doesn’t need to happen until next month ! So what you see on OTC today is not what the float really is !
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
I notice a paint brush yesterday at the close !
1000 shares traded up for $31. lol So obviouse....
Volume down. Price Down. Go FBEC !
GO FBEC !!!! Nothin' so far. Lots of photos !
No reduction in the authorized from 5B to 2.1B as touted in the IHUB FBEC profile.
No product.
No update on the real float.
No 8K filing of the LOI with their distributor.
No Form 4 filed for SAND's liquidation of his stock.
Can someone explain to me why nothing is done ?
Pay attention to what ? The massive DUMP coming.
It's hard to believe that this is the cheapest it will ever be!
We can only hope that the product will launch to cover the over-hang here blocking the sun; and even than, it will take a revenue miracle to take this back to 9 cents or more where most of us suckers bought the stock in the first place.
Looks to me more like 100M in the float at this moment in time !
The float posted on OTC has to be inaccurate and out-dated. There were 53M free trading shares deposited with SAND’s broker last month. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing is edgarized, and this doesn’t need to happen until next month ! So what you see on OTC today is not what the float really is !
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
In regards to dumping FBEC shares, READ THIS.
This should help you understand the term DUMPING, since you feel that there is no evidence here. In my opinion, I disagree with you.
Try the SEC link as follows:
http://www.sec.gov/answers/pumpdump.htm
Fast Answers
"Pump-and-Dumps" and Market Manipulations
“Pump-and-dump” schemes involve the touting of a company’s stock (typically small, so-called “microcap” companies) through false and misleading statements to the marketplace. These false claims could be made on social media such as Facebook and Twitter, as well as on bulletin boards and chat rooms. Pump-and-dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have “inside” information about an impending development or to use an “infallible” combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is “pumped” up by the buying frenzy they create. Once these fraudsters “dump” their shares and stop hyping the stock, the price typically falls, and investors lose their money.
Additional Information
Investor Alert: Social Media and Investing – Avoiding Fraud
Internet Fraud: How to Avoid Internet Investment Scams
Check your homework on the FLOAT !
SAND has 1 year restriction on 150M shares issued under his Employment Agreement, which is now null & void, and which the new management of FBEC submitted an 8K allowing him to keep those shares. He is a non-affiliate on or after 12/12/2015 (90 days after the 9/12/2015 8K submission of his dismissal). He will be able to convert 4.9% of the float (100M+ shares right now, or about 5M shares at a time after 12/12/2015). .... and he will since there were no restrictions placed or agreed upon at the time Jason filed the 8K allowing SAND to keep his shares.
" Effective September 12, 2015, Robert Sand resigned as Chief Executive Officer and from the Board of Directors as Chairman of the Board. The Company has agreed to cease any and all investigation of Mr. Sand, as alluded to in the Form 8-K filed on September 11, 2015, and has agreed to accept his resignation. The Company has agreed that the shares of common stock of the Company that Mr. Sand received pursuant to his employment agreement vested immediately upon him signing his resignation."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10909565
SAND and S&L Capital LlC are one in the same. He filed Form-3 in May-2015 and converted Preferred to Common, unrestricted, in the amount of 53+M shares. They were deposited with his broker on 9/5/2015. The broker has cleared them and is trading them at this time.
FBEC doesn't have to update the float until the 10-Q is filed on or before November 31, 2015.
Good point if FBEC was the real deal.
There are OTC companies that are the real deal. There is no indication that the management behind FBEC have any substance or experience to grow a beverage company. All of their experience is rooted with stock promotion. This is what they do, and they don't even do that very well.
I understand your response. But, at the end of the day, this is all about share dumping from Beaufort Capital Partners.
Here comes the PUMP ! READ THIS !
The FBEC news today talks about an LOI with CBD Globe Distributors LTD. This company owns nothing,is dormant and no real website.
Where is the product and financing coming from to fulfill orders ?
Where is the product today ?
Tough market, niche market, and no major distributor = no revenue !
In the United Kingdom, a dormant company is a company whose transactions have been limited to payment for shares taken by subscribers to the memorandum of association, fees paid to the Register of Companies for a change of company name, the re-registration of a company and filing annual returns and payment made in respect of civil penalties imposed by the Registrar of Companies for delivering accounts to the Registrar after the statutory time allowed for filing.[1] Under the new Companies Act there are exceptions for certain companies. For example, some financial and insurance companies are under obligation to file their full accounts, regardless of their status.
https://en.wikipedia.org/wiki/Dormant_company
https://www.companiesintheuk.co.uk/ltd/cbd-globe-distributors
CBD GLOBE DISTRIBUTORS LTD
CALDER & CO 16
CHARLES II STREET
LONDON
SW1Y 4NW
(472 companies also use this postcode)
Web: www.cbdglobe.co.uk
Classification:
Dormant Company
Legal Information
Company Registration No.:
07595620
Incorporation Date:
7 Apr 2011 (4 Years old)
Financial Year End:
30 Apr
Capital:
£100.00 on 15 Jul 2015
Latest Company Accounts
For period ending:
30 Apr 2014
Filed on:
27 Jan 2015
Purchase latest accounts for £4.99
You got it right, selling on rumor !
The float is a staggering 100M+ shares already. The filings indicate the following float to be here now and growing heavily in November-2015 through February-2016:..... this stock will never breath.
There were 53M free trading shares deposited with SAND’s broker in August/September 2015. SAND has been a non-affiliate for 90 days come December 12, 2015. Massive share dump. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares stipend that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing ending September 30, 2015, and OTC requires it to be filed 60 days thereafter.
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market at this time, with conversions of 1% which change to 4.99% after NOV-12-2015 when he becomes a non-affiliate !
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece they continue to convert on, in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
It will be a race to the back door. Watch what happens next !!!
Let's hope it's more than 500 bottles !
If you're looking for factual information, FBEC has not published anything factual in regards to the manufacturing and distribution of it's WolfShot.
Nothing so far.