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Once more, it doesn't.
If it was related to Friendable, they would be REQUIRED under penalty of perjury to disclose it in their quarterly filings.
It is not in the filings.
It is not related.
It cannot be more clear.
Wow - Now that is a whole lot of additional REALLY cheap shares. Seriously - THANK YOU - THANK YOU - THANK YOU!!
Just let people be.
There you have it, folks. You need 45 shares of FDBL to equal one square foot of toilet paper.
"never"
Here the $64M question, King et. al.: When does it all stop?
SCOOPING UP MORE CHEAPIES - THANK YOU - THANK YOU - THANK YOU!!
Then why bother to reply?
He's being reasonable and balanced. He, like you (allegedly) is a shareholder. He shared his opinion, as is his right.
Your measuring people by how many followers they have, and then attacking them, is a violation of TOS, a personal attack, and deserving of a ban.
In those three years ...
if you had invested $10,000 three years ago in FDBL, it would be worth $100 today. That's a fact.
During that same period, the S&P returned 29.486%.
A year ago, they promised Fan Pass in 2017. 2017 is over.
Six months ago, they promised an immediate dividend.
During the last 25 months, the share count has increased from 218,977,542 to 5,010,310,369, an increase of 4,791,332,827, or 2,188%. That's four billion, eight hundred million shares issued in the last two years.
So maybe, just maybe, you should have listened.
I really couldn't care less what you think smart people should or should not do. Everything you have said here proves to me that you are not one of those smart people. This stock has been a walking abortion. It is a dumpster fire. The management has stolen assets, lined their own pockets, missed stated milestones by MORE THAN A YEAR and the stock has gone from pennies to fractions of fractions of pennies. There are tens of millions of dilutive shares still to come out, all at a discount to VWAP, and they have no meaningful products, no meaningful access to growth capital and no differentiation.
These are, quite simply, facts.
This board isn't about profits. It's about watching a train wreck.
Nah, smart people never bought a share.
In fact, smart would have been to short this at 3 cents. I wish I had.
I quoted what was not related to FDBL ...
He said, "$$$$$ ..."
Nothing about FDBL is related to money, profits, growth, or anything similar (unless counted in the negative).
$$$$$$$$$$$$$$$$$
That news is more than a year and a half old, and no longer remotely relevant.
Is there any end to the 2s? How many shares out there before we can get to 3s?
What does fdbl sell?
And the pot calls the kettle black.
Not that he's not right, it's just ironic.
In fact, it's the first time he's been right, ever.
Which is one more than the guy he's criticizing.
the dark horse here is what might be coming down with northcoastventures.com?if this link belongs to the rositano bros well the clock is ticking we should be getting close to some major events?imo
Do companies ever give shares to people to pump their ticker and while claiming to hold, are dumping shares the whole time?
Looks to me like the new owners of Friendable are working hard.
It's wholly and totally unrelated to this stock, however.
The only things FDBL is 'growing' are losses and shares outstanding. Revenues shrinking each quarter. Anyone saying this company is growing cannot read an income statement.
Some words are tricky.
Like "intends" and "plans."
And "immediate".
Because I want to be.
Because I want to keep others from losing money in this pile of crap (note, I still have not called it a scam).
That is the funding partner.
And with that transaction completed, they are no longer under NDA.
And yes, they get additional funds when they launch Fan Pass as an entity. About 60 days worth.
It's wholly and totally unrelated.
It's off-topic and not worthy of discussion.
Not a funder. Certainly not a buyer. Not a shareholder. Not a partner.
Unrelated.
I look forward to watching that. I'll stock up on popcorn. It'll be funny.
Because if their IP predates that of FDBL's, they'll end up with that IP too.
And it looks like it does.
Easy to do. Or, East to do, if you prefer.
The trademark is NOT protected worldwide, and in correspondence, Automatski has said their IP predates that of the public company in California. Moreover, this public entity lacks the resources to litigate to protect their IP.
I've still not been wrong once.
You've still not been right once.
Facts.
Friendable and Automatski are unrelated. Two separate entities, working on competing products. Well, Automatski is working.
Friendable is not doing an ICO.
Friendable and iHookup Social are unrelated.
Not surprisingly, Friendable and shareholder value are unrelated.
Why does he only need to be right once?
The last piece of "positive" news sent the stock plummeting from $0.0007 to $0.0001.
They continue to print discounted shares at an alarming pace.
You continue to speculate that news will send this higher. There's literally no evidence that is true, and there is substantial historical and mathematical evidence to the contrary.
This company needs profits to stop the toxic lending, and they are nowhere near that. They are a YEAR late on launching their product. They have no capital for development. They have no staff for development. And they have no staff or capital for marketing.
And some level of responsibility for others who believed his foolishness and lost money as well.
You've been saying that for months and months and months and months.
It has never been true, and it's not true now. Each day, statements like this damage the credibility of those making such absurd statements to the point that no credibility remains.
The last press release from the company was on August 3, 2017, more than four months ago. Since then, the stock has declined sharply. With no comments, and no updates.
It's not fake, just premature.
Page 8 of the most-recent 10-Q:
"As of September 30, 2017, there were approximately 38,807,536,857 potentially dilutive shares outstanding."
That is, in fact, 38.8 billion shares that could, and ultimately will, be added to the share count. Not all, but most-certainly most.
And yes, the current cap structure only authorizes 15 billion, but they keep increasing it and they will continue to increase it as those holding convertible preferred stock force conversion. They are contractually obligated to increase the share count to allow conversions. Those contracts are subject to a General Security Agreement covering substantially all of the Company’s assets. (page 13 of the Q)
So these holders can take over and liquidate the company on a moment's notice if they are not paid, or if the company refuses to increase the authorized share count.
the address in Scottsdale is the corporate headquarters of GoDaddy.
They have lots of businesses.
This one is separate from the others.
This one is dead.
It's been funding the others.
The brothers, and their heirs, thank you.
I am pointing out the desperate folks who are googling to find any mention of anything to try to tie it back to this dead and rotting corpse of a stock. Rosatinos registered something using the word "venture"! How will that help us!? It's far, FAR more likely that it's their NEXT venture as they need a new source of income with this dead. Oh, this company in India is using the same name! Even though they say they were using it first, and their IP is in India and the other crappy little entity is in the US and we were using it first, but maybe this will somehow save our behinds!
C'mon.
It's laughable.
I heard the Rosatinos are having a garage sale this weekend. I wonder how this impacts FDBL?
It's truly laughable.
Exactly. Your post shows why a reverse will ultimately be needed. At these prices they have to ...
1- pay higher interest rates
2- pay higher up-front financing costs
3- issue more shares
4- at a steeper discount
5- to raise less principle.
That means, they have to keep raising the authorized share count.
It's simply unsustainable. It's a death spiral.
They'll have to do a reverse, or just shutter operations and go dark. I think they are doing their best to get the Fan Pass entity set up first, so they can switch to using that vehicle to issue toxic notes. Then they'll just let this one die.
Everything I have said has been right.
Nothing you have said has been right.
Facts matter.
Seriously, how am I wrong?
the 10Q shows very clearly what they spent, and what they brought in (solely from selling convertible preferred stock at a deep discount to market).
Go back through the last 10 filings, that is the only way they've maintained their salaries (and with it, allegedly, operations): by selling discounted toxic stock.
And at this price, their ability to sell it is essentially gone.
So what part is wrong? Stop the one-word everything-is-great answers. Be specific, or shut up.