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Oh Gosh, that's eerily close to the amount traded before the PPS tanked... how odd.
FBEC... incorrect, not accumulation. Capitulation and immense selling pressure from MILLIONS of shares entering the market.
LMAO People saying this is accumulation when shares entering the market and the PPS tanks. That's a great spin.
This is as close to textbook dumping as you can get.
The terrible chart shows how bad it really is. Low avg volume keeps big block buyers away, volume trap. Fluff PRs cannot hold gains more than 3 days. PPL that bought 10 days ago are now close to being above water.
Almost text book dumping.
The terrible chart makes it clear FBEC is in a capitulation slide for over 12 months now. Now news or any substantial sales to support the conversions (Over 1 Billion) and rather large debts.
How about at 10 Million?
With what went on the last 3 days it could fall back down by the end of today.
Yeah the quality of those improves every 6 months.
FBEC 31 Million shares now underwater from last 2 trading days on a fluff PR that hasn't been substantiated in any true form.
As close to a textbook dump as you can get.
last 2 days buyers underwater now.
FBEC 0.0122 ? -0.0075 (-38.07%)
Volume: 2,940,436 @ 10:25:32 AM ET
2 days of HIGH VOLUME trades and now all the gains wiped out on 1/10th the volume
That is almost text book dump LMAO.
Everyone who bought FBEC yesterday is now underwater and cannot recover or exit without realizing a loss. 9 million shares traded yesterday now all in a loss on atm is about : 2,468,404 @ 10:19:59 AM ET in volume.
That's almost text book dump. LMAO
This anemic volume average will continue to keep big block buyers from getting involved.
So many boxes can be checked as to why this ticker should be avoided and so much hot air as to why it might turn a profit, even as a trade.
Unfortunately this company has not generated any substantial revenue from making a physical drink product in over 18 months. They have only been able to take on more debt to generate cash. So the question is...How much more debt has the company taken on to satisfy the cash needed to make a real drink product?
The recent promo efforts and spike in volume followed by a decrease by more than 50% in 1 day after a fluff PR about a simple packaging agreement should be telling as to what the intent of management is. They must satisfy demands of large note holders who got brought in at .008 or lower.
FBECs financials are in a worse state than they've been in a long time considering the mountain of debt and conversions take on with little to no transparency or real substantive communication with investors or the public in months.
There has been no fundamental change in this company for over 18 months.
The recent 8K makes no mention of the actual business arrangement between FBEC and the co-packer.
We knew the previous co-packer required a 50% upfront payment before they would pack. Most times this happens when a company has no credit and is a high risk of default.
I would imagine the new co-packer after doing a simple credit check which is standard when doing business with any other business would require 50-75% payment up front.
FBEC put up a link verifying company has operating communications to customers or shareholders within the last 30-45 days, lol.
DD further showing managements lack of skill in running an entire public entity with 1 person.
Correct, it is posted in the SEC filings what conversion rate those investors received as a result of their DD they saw what the value of this company in it's current form is worth.
All the links are on this board if you do some DD on the company.
Maybe then you'd realize this company has nothing to do with MMJ and merely holds the rights to sell a 2% energy shot formula created by Linda Strauss, using that they created a mountain of debt that has created a potential for over 1 Billion shares to enter the market on this OTC PINK.
I recommend doing some deeper DD.
One word answer from some email address does not a company make.
Absurd to think that is a piece of evidence to hold up.
Begs the question why the enthusiasm instead of negativity towards bad management.
Agreed. Runs here are never sustained when fluff PRs are out.
Where is the contract agreement that stipulates payment terms? Kinda important to gauge whether the company can even pay to produce a product again. As we know they haven't actually made a physical drink in many months.
There are mountains of conversions and no communication from management about their plans to address it.
Whenever it comes the RS will explain it.
Pretty much.
People that bought last week are barely even at this point.
There is a lot left to question in this PR.
I recall seeing somewhere that it is around 2% of actual hemp product in each gigantic 2oz shot.
This vendor most likely did a background account check when initiating an agreement I would imagine the upfront fee to be 50-75% to limit the co-packers high risk being involved with a company that has almost 0 sales.
What is the payment arrangement? "NVE houses 5 high speed cold-fill energy and vitamin shot lines with the capacity to produce 30 million shots per month."
The changeover costs alone to produce what... how many bottles did FBEC sell last year? Oh right... comparatively a minuscule amount.
FBEC Fluff PRs make sense if they are reluctant to release details of a simple co packing agreement. No real big news.
It appears FBEC continues to do very little for their core business. This 8-k has no substance, they don't offer details of an agreement that is over a month old, whereas we knew their previous co-packer would not produce product without a 50% down payment!
Small details like that unravel any perception of good news. Are they going to have money to pay this new co-packer 50% up front? If they have a better arrangement why not let us know what the good news is?
All that work to drag the PPS back up to where it was Last Wednesday and squeeze a few million shares out.
Did Sands write this? What does: "The Company will product" mean? Lmao.
Good job lol.
Chart says otherwise, everyone knows not to trust OTC charts. If the OS hasn't increased we've rolled over numerous times always to lower levels. Otherwise it's massive dilution.
Either way. Nothing good going here.
Heading lower. That may explain our current path.
Sound like OTC Management 101.
So many other things need to be explained by FBEC Management. They are responsible for this horrible chart. No telling how far she can get to .0001 with the kinds of deals they have made.
If there is no OS increase how is this accumulation?
People buying from other people at lower and lower and lower and lower prices is slow capitulation.
We have lost from our highs almost a year and half ago of 11 cents.
Going through two sets of management since the one that actually got us that high with both groups using the same story.
Not Accumulation.
FEBC Implosion continues.
FBEC Running..... Right into the ground and PPS running for the door.
FBEC doesn't make any substantial sales on it's product in over a year or ever and rolls over it's OS as people accumulate always at a lower price lol. The solution to low product sales is obviously to print more paper lol.
FBEC is a low volume ticker that has consistently headed lower, not higher
3 months, 6 months, 12 months ago are always better stories than where we are today.
Using a chart to try to explain the previous irrational moves is concerning. Incomplete information can always be skewed to some kind of positive.
With no direction from the company one would seriously consider whether playing a chart is a good idea for an OTC PINK that was previously on the QB, I recommend googling general opinion of reading charts and relying on them for trading securities in the OTC.
IMO it is folly.
FBEC accumulating lower again.
The OS has been accumulated multiple times in the last 3 months with the PPS going down consistently over that time.
Circling the bowl are we?
FBEC following other Pinks MO when there isn't much it can do as a business.