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.
MMJ. Medical MariJuana is hemp? Juice or "juice powder" formulation.
They already put out a "press release" on that move, but they called it a "joint venture" with another failed product, Dube. Also a company that professed a hemp powder formulation. The "new" product was supposed to be better as it contained "hemp juice" with no traceable THC.
Hemp juice powder.
It's all they have. One word answers to irrelevant questions.
Place orders for what?
Apparently on or about 11-15-2016, "yes" you can place orders.
Apparently, filling those "orders" was not answered with a "Yes".
Perhaps the good doctor could explain what "juice powder" might be referring to in the press release as well. Is the "company" squirting or sprinkling.
Exactly, and therefore the confusion:
FBEC WORLDWIDE, INC.
(Exact Name of Registrant as Specified in its Charter)
Wyoming 000-52297 47-3855542
(State of incorporation)(Commission File Number)(IRS Employer Identification No.)
An inactive/administratively dissolved "company" in the State of Wyoming
That filing wasn't under the either of the supposed "joint ventures".
Still confusing.
Press releases and filings are stating "FBEC Worldwide Inc", not the alleged "joint venture" FBEC CDB Globe" or that Dube fiasco.
So which is it, the "joint venture" involving Spatafora and friends or the dissolved "company".
Wyoming Secretary of State Business Entity search.
Maybe someone could help with a curious three part question.
(1) What does it mean when a "company" under the Wyoming Secretary of State business entity search administratively dissolved on 12-09-2016 due to tax purposes.
(2) Is the dissolved "company" able to carry on "business" without being registered somewhere.
(3) Is this "company" still a part of a "joint venture".
Confused.
"On January 5, 2017, FBEC Worldwide, Inc. (the “Company”) has replaced its previous co-packer & entered into a new co-packer agreement with NVE Pharmaceuticals (“NVE”), the manufacturer of Stacker 2. NVE replaces the prior co-packer, thereby providing FBEC with more capacity at a lower price. NVE will product the company’s proprietary 2oz custom energy shots using NVE’s custom ingredients and the Company’s hemp juice powder."
Is the "proprietary" blend now changing to some other "blend".
The previous information stated "juice" was better than "powder".
Is "juice powder" the same thing.
Are they going to squirt or sprinkle.
Conversions/volume............then BUST
Did I miss the 8K for the alleged "co-packer".
Still claiming (falsely) the "product" has a trademark. Which, factually was abandoned.
Still claiming (also falsely)a new trademark, which hasn't even been applied for as of today.
Funny how share holders were notified of the fall "inventory" clearance savings, but not the general public. Why not just show it on the website. I guess marketing "products" is more complicated than marketing shares.
So the alleged claim is there is "product" taking up space for new "product", yet the price is reduced. Supply and demand economics, a 100 level course. Makes no sense if demand is supposedly so high, that a price reduction is offered.
Maybe someone's significant other told them to get those four cases out of the closet so they can put the vacuum away.
Oh, and just curious; if this is such a great "product" bearing a certain individuals self-applied status as an online phenom, why no mention by that certain individual in any public forum. More like a concerted effort to avoid association.
Absolutely.
Laser's factual DD, although somewhat distracted and not quite as thorough and focused as my own, substantiated my own DD I did back in April.
We both factually determined through the most credible of resources, the USPTO; and confirmed the PR regarding claims of registered trademarks was misleading and false.
Fact based DD on both our parts. Not registered trademarks. Laser agreed today. I've been saying as much since April. Same DD.
Thank you. Your compliment means a lot, especially when my only interest is to assist other investors in avoiding scams.
So, you have reviewed a Section 8 form in its entirety?
Do you have any idea what information is to be provided on a Section 8 form?
The registration date was October 8, 2002.
Any idea on your part what information may have been provided or in this case may have not been provided that would have rendered the mark cancelled or invalidated or removed from the registry.
So, this object lesson in who may be right or who may be wrong simply boils down to this.
The "company" and its alleged "product" or "products" have no registered trademarks with the USPTO. Application files, yes. Trademarks, no.
We got there in a roundabout way, but we agreed that good DD involves way more than reading PRs or making phone calls to learn how to navigate websites.
Self edited update here:
However, the two that were granted registration numbers were later cancelled or invalidated by USPTO.
Phone calls or better yet; read all of the pages from page 2 too and including the last page.
Oh my goodness, those are filing numbers.
Who did you call? USPTO? That was a very quick call to a government office.
Again, that's the first page. Well done.
Now, take some time and research the history.
Once granted, the filing number, used for the application file, will relieve a different registered trademark number.
Your were correct on two of those having been registered, and since abandoned.
There is a plethora (multiple, more than one) of false and misleading PR's. I provided one example of many and it was indeed and remains a PR that provided false and misleading information.
No trademark has been issued as of today at this time, nor when the PR was released.
An application or applications had been made, but none registered.
The PR stated acquired. Acquired from whom?
Trademarks are granted by USPTO.
I'll help you out. You can't just enter the name and call that a good answer. Abandoned or denied.
So, here is step two, review the filing. I've listed them for you and others to review, in sequence:
77146774
78002634
86954240
86963372
86648682
86243820
87150987
"theft convictions"
I really don't see anyone throwing up many roadblocks.
"savvy investors" voluntarily donating their hard earned money into a "company" they failed to duly and diligently research. The information is out there. The dots just don't connect and form a closed circle.
Not issuing proper forms, reports and filings advising shareholders of entrance into convertible debt is false by omission.
One cannot double negative and state the convertible debts were presented in other latter filings, forms or reports.
"investors" or "traders" would not be so inclined to enter into an investment without knowledge of the investments underlying debt structure.
So, in addition to trademarks, purposefully hidden toxic debt has also been falsely represented by the "company".
On 04-07-2016, the "company" "CEO" issued a press release stating the "company" had successfully acquired and registered the trademark.
This was misleading. Some say false.
What factually occurred was the "company" "CEO" had applied for this trademark. Twice. As have others since and prior.
The history with issuing that particular trademark is well documented as being consistently denied.
As of today, one of those applications by this "company" has been denied and one remains in process requiring additional information.
As of this date, today, the "company" has received no registered trademarks for "name" or "product".
The "product" trademark itself was abandoned, with the USPTO not receiving additional information as requested.
So, as of today, unless this "company" is issuing itself registered trademarks, the presentation of the "name" or "product" being trademarked at this time is purposely misleading, if not factually false as some present.
And?
That's old "news". Pure propaganda and nothing more.
Is there a point?
Want to be helpful, find the filings for all the convertible debt.
Conversions still ongoing. Some less than savvy "investors" may pose this as consolidating. Converting is the appropriate term. Free or greatly discounted shares for some alleged debt conversion, conversion to shares, shares to cash.
Misleading PR's send this up. Convert discounted shares to cash. Reality sets in. Goes down. Converters reload. Repeat.
Not too hard to track the history.
Misleading PR about "product" or "products" in stock and available. Exciting. Price rises.
Undisclosed amount of "product" sells out. Even more excitement. More price rise.
Brief period of non-disclosure. Kind of disturbing, price falls by some percentage.
New PR. "Doubled" the unknown quantity of "product". More excitement. Price doubles or more.
Late filings. Disturbing. Price falls.
How much actual "product" to perpetuate this. Just enough to keep folks who do no factual DD interested. Could be as little as two "cases".
Repeat.
The word is converting. Hidden debt converted to free shares converted to cash. Insider enrichment paid for by the misleading PRs and uninformed buyers.
The "company" isn't making money but the insiders certainly are.
Some "insiders" took profits.
The "real products" are simply misleading "news" in the form of PRs.
The "real distribution" is the release and insider pump of the content of those misleading press releases.
"Bashing" on this "company" and its alleged "products" is the reality based on substantiated duly diligent research on found facts.
Opinion versus fact. Good for the short term maybe. Not so much on the long haul.
This "company" has become predictable.
I've been reading the word "consolidating" used frequently here lately and often. Wouldn't the more appropriate word be "converting".
Hidden debt to free or reduced shares to cash. Something like that. Once the clock ticks past 159 days from some day in April, that could be right about now.
Wyoming Secretary of State
2014-000674918
Delinquent Tax Notice issued 10-02-2016. That's real.
Seems to be taking quite a while for the alleged "product" to reappear on Amazon. Curious.
No factual basis four to six cases have ever been produced, yet alone sold anywhere. Mere speculation.
Factual filings would be nice.
Of course it's unavailable. Both boxes gone. That's news.
More news, it will again become mysteriously available.
"News" is the "product". Nothing more.
"How is this company selling anything."
"Company" sells shares.
"New Product" is the soon to be coming conversions.
And right on schedule, too. From the late Q (former "CEO" had a nice recent article out reminding investors of how important it was to pay attention to financials, and personally visit with other "CEO's" so as not to get burned):
NOTE 8 – NOTES PAYABLE
In February 2016, the Company entered into a convertible debt agreement with a principal amount of $40,000 with 0% interest per annum. This note is convertible at a 38% discount to the lowest market price of the 15 days preceding the conversion request. This note becomes convertible at or after maturity. The default interest rate is 12% per annum.
In March 2016, the Company entered into a convertible debt agreement with a principal amount of $25,000 with 10% interest per annum. This note is convertible at a 70% discount to the lowest market price of the 20 days preceding the conversion request. These notes are convertible at any time at the option of the holder. The default interest rate is 12% per annum.
In April 2016, the Company entered into a convertible debt agreement with a principal amount of $150,000 with 8% interest per annum. This note is convertible at a fixed rate of $.0008. These notes are convertible any time after 179 days from the date of the note at the option of the holder.
NOTE 9– SUBSEQUENT EVENTS
In July 2016, the Company issued 2,887,097 free trading common shares for the conversion of $8,950 in debt.
In August 2016, the Company issued a total of 3,225,806 free trading common shares for the conversion of $10,000 in debt.
I calculated $150,000 converted at .0008 to be approximately 187,500,000 shares. May want to check my math. I didn't factor in the 179 days since some date in April at 8%. That is why I wrote "approximately". Don't see the "company" coming up with $150,000 plus 8% interest over 179 days since some date in April 2016 any time soon. That would be a lot of "product" to sell especially when no "product" of that quantity factually exists. That would be over 202,000 "bottles" at $0.74 just on the principle.
Oh, and I figured out the "company" would need approximately 91 gallons of cold pressed hemp juice to produce that amount of "product". If the "product factually does have 3% cold pressed hemp juice in it.
I guess the holder would probably convert and sell. I would. If I got something at .0008 and could sell at .03, I'd be all over it.
Plus any other convertible notes that have occurred since some date in April. No telling what those might be. Maybe they got converted and we will learn about that in early 2017 with the next late filing.
Sold both boxes of "product" maybe?
Deja vu all over again.
I'm studying the financials and considering trying to arrange a face to face meeting with the latest "CEO". I came across a very informative article last night in which the stated opinions of an expert in "companies" such as this were to do those things. Oh, and check and ensure stated activities were factually being undertaken. Like physical trips to processing facilities, points of sale and copackers, for example was highly recommended as well. The interview stated this expert became very concerned after doing these things, so I figured I'd try these things and see if it changed my opinion.