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Funny how that works. PR after PR about new products. People saying the products are out there. Where are they though? no images, no samples, no video, like that mish mash video the old amateur CEO put out of an ancient heat shrink machine trickling out the couple dozen bottles they could afford to have manufactured.
(Manufacturer requires a 50% CASH deposit BEFORE they mix any product.) Makes sense why they have no new product when looked at realistically.
People saying they can't even reach management. Also worrisome.
OTC Pinks. Always a gamble.
If the wording is different enough it can be re used. Standard OTC Pink Pump tactic.
No new ideas in their pipeline short term to drive conversion volume.
The company and promoters plan the trade. Whatever they can do to maximize their profit. Once the share is sold they do not care about it other than hope the buyer doesn't sell it before they sell more of their own.
Pretty standard MO for a pink for the last 8 months after the initial big blast of news wears thin. Company goes silent, shake up in management, news of a ticker change that never comes (that costs real money), standard
bloated PRs with no substance. Can't manage to secure real sales, repacking the product they first produced to try and stretch it out.
Converters have all the shares we could possibly want to buy ready and waiting to sell to anyone and everyone.
Over a Billion by the last reckoning.
$FBEC Dumping continues it seems. People seem content to call for higher levels when the facts of what the company has been doing is clear.
Company isn't producing product, next to no sales. Now it's product page is listing fraudulent reviews on Amazon.
The Stinky Pinky playbook these guys are playing from is 10 years too old.
These PRs aren't even Fluff, but total hot air.
Which longs do you mean?
The longs from .12? The longs from .09? The longs from .06? The longs from when we had Sands? the longs from when we had Amateur Spatafora? All this happened in the span of 12 months so really, how many SHs you think there are that have a mountain of shares to sell above this PPS.
They sure haven't been awarded for THEIR patience.
Ongoing and upcoming conversions will continue to have a negative effect on PPS as well this anemic trading volume make it unattractive for big block volume creating buyers.
From Amazon: "Currently unavailable.
We don't know when or if this item will be back in stock"
A product you cannot buy is no product at all.
We do have over a billion shares for sale tho at rock bottom prices.
On paper this company isn't worth 1/10th of it's current PPS and it has nothing to pump other than the same story it used last year. Fluff orders are coming, Fluff orders are here. Nothing to sell.
From Amazon: "Currently unavailable.
We don't know when or if this item will be back in stock"
Gosh, you'd think if our only employee went through the rigorous vetting that is needed to become an Amazon Express vendor we'd have tons of stock to sell right!? I'm so glad we passed all those intense interviews on whether or not we can list with Amazon.That process surely deserved a PR release to inform us all that in fact we ARE now a premiere member of Amazon Express.
The all of 5 minutes it takes to do it.
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.
When in April?
I can't see an 8k about it.
Is that October? September?
Is my math right, this could be up to 187,500,000 shares?
FBEC is overbought.
One should also use their filed disclosures when valuating a company and not rely on the speculation in the market.
As we can see below from their most recent unaudtied finacial report we ca see the company has just over 90K in total assets. Even of that number the 50k is intangible and a recipe that may be terrible as no one seems to be able to buy it.
So, really, since it isn't selling we can set the spot value of it at 0... what does this company have after that? Some cash, and under 1k in phones...interesting.
Total Current Assets 41,363
Property, plant, and equipment, net 837 –
Intangible assets, net 50,000
Total assets $92,200
The PPS is at this point pure speculation as the asset they list has not returned value to date and has no confirmed path to value.
The previous valuation of .005 is a more accurate speculative assessment of the true value of this company, although it may not be the most accurate when factoring the reality of the situation.
1.1 Billion share estimate worth of conversions to drop.
This ticker can't support enough volume to absorb even 1/10th of that number.
Too many conversions to enter the market to give this ticker any real chance.
"At June 30, 2016, the Company has an accumulated deficit of $5,329,231 and has a working capital deficit of $1,234,618."
"For the period from January 1, 2016 through June 30, 2016 and January 1, 2015 through June 30, 2015, the Company’s revenue totaled $1,359 and $0, for which its respective cost of revenues totaled $1,003 and $0.
For the period from January 1, 2016 through June 30, 2016 and January 1, 2015 through June 30, 2015, the Company had operating expenses totaling $354,895 and $755,922, respectively. These costs were primarily from wages and consulting fees."
All that without making or selling viable non paper product, makes you think what they are actually doing.
People trading this with a knife overhead ready to fall.
No sales, no distribution, 1 employees, no cash to produce real product, printing paper like it's going out of style. Standard stinky pinky OTC ticket at this point, trade accordingly.
1 PO for "approximately 35000 units" with no terms of sale can't be used to create a metric. It could take a year to sell or it may not even be able to be fulfilled if we don't have the 50% down payment to pay the manufacturer.
Too much information the company is NOT disclosing.
"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." TO WHO?
It is pretty funny people think a PO means they will get paid.
They get paid when it sells, not before. If it's a real order, it could be a years worth of product.
It probably doesn't go bad since this is most likely the same "product" we had produced over 12 months ago. Or did they find more money to pay the 50% required down payment to their manufacturer. They won't lift a finger to mix powder with water without it. Haven't seen an 8K to that effect either.
Yeah, it was broken down earlier this year on this board, I just can't recall exactly. I recall 1.1 Billion or so being a possible number in Q1.
Do you recall the number of shares those note holders would potentially be entitled to?
Yeah, an RS would help clear those massive conversions we have. Over a billion shares potentially hanging over our heads.
Anyone know what "reclamation flipping point" means?
When googled the only time it shows up is is references directly to FBEC.
Is FBEC applying for trademarks for "reclamation flipping point"?
Something to keep the printing press running anyway I suppose.
Are they still on sale for $5.99 like someone said last time they said they were on sale? That's a good way to make sure you can resell the same bottles again 6 months from now like they did the first time.
Weird how they aren't pushing the online sales channels hard like last year either, that was another channel of close to 0 sales and 0 deliveries.
Funny how they are happy to resell a product they announced we are dropping.
When left to deal with it themselves yes.
Usually gets sped up when an active lawsuit is brought against the company.
Gives people in the Pinks chances to do things like: RS, change ticker name, change management, change products or whatever they need to so more paper shares are sold without actually producing a real product.
The company itself reports very little sales and no distribution.
The company itself is required to pay producers 50% up front to manufacture.
The company has no cash.
I'm talking about FBEC I'm not sure what company you're referring to.
FBEC is not healthy and not producing revenue.
A couple green days and all is forgotten?
This ticker has seen green days like this followed by long sustained red that brought us down here to these levels.
Ppl trading it now for scalping can enjoy their profit.
No Product, empty boxes, no distribution, no sales. Nothing substantial for 12 months.
I'm talking FBEC, not sure what company you're referring to.
Truth. No new products.
Even the sketchy pictures ex ceo amateur promo guy put out can't even show them open with the OLD product.
It's been the similar story for over a year, products soon, dist soon, everything soon.
What new product are you referring to?
I haven't seen a release stating a new product has been PAID to be made.
I saw a shifty picture of a most likely empty box of OLD product recently, nothing to get excited over.
Rare steak, good for the heart.
Empty boxes. How are they clearly full?
You know the people that mix the powder and water to make the bottles require 50% down payment before they produce anything right?
Real empty box. No evidence or proof otherwise.
What company are you talking about?
This one has proof to the contrary of what you're purporting by means of filed disclosures to the SEC showing little to no products or sales.
They are hoping ppl that buy OTC securities have a short memory.
Volume traps by any other name...
No proof any products currently exist. Sorry.
The company has not produced anything to stand as evidence to the contrary.
They are using a lot of old OTC Pump techniques, esp with shifty pictures an unverifiable information. Empty boxes with no real proof of a product.
Those note holders really want out.
LMAO, they send out a promo email based on a sketchy picture of an empty box on a shelf by a guy who failed as CEO. What GREAT NEWS! Even for a pump it's weak.
Yes Empty because there is no proof it's got anything in it. Story of this companies past 12 months. All fancy packaging, no product other than paper to sell.
Looks like he's as much off the ball as our old CEO. At least SAND had brought us to .12+ and maintained filings.
These guys can't even keep a PINK sheets security trade able with any real volume.
These days of blip volume creates more bag holders who cannot exit their position without a loss, the same cycles of bait and trap that have been going on for the last 12 months.
People that are able to trade in and out are a fraction of the total SHs and creates daily selling pressure that is on top of the ongoing and upcoming conversions.
Volume trap for big block buyers on this ticker.
Either a horrendously erroneous filing that the SEC will want explanation on,
OR even worse, Spatafora is CEO now.
I think I got pretty close on my call of how long Greene would last as a CEO and how quick he bolted for the exit once he saw what the true state of the company is.
Spatafora prob has a lot of note holders pressuring him to get the yield sign off so they can dump.
I'm not sure the market is chomping at the bit to reward the company for providing what was due weeks and weeks ago, if anything it will justify a lower PPS.
It was!? Can you confirm somehow with credible data? or is the an opinion?
Best I can tell by what's been provided on paper by the company is that we have a massive amount of debt and notes that are to be sold into the market.
I am leaning more towards what's verifiable on paper being true.
So we don't have a new ticker? Loading? Is it the same people that have been loading since .12?
So many people have been loading all the way down I wonder what their SL is.
It's getting pretty murky here in the pinks.
We're still suffering from his amateur management.
Sands at least brought us to .12+
Spatafora started the downward death spiral that brought us way down here.
This new no show of a CEO is dealing with a log of angry note holders and a realization that there is no product to sell and no money to pay a manufacturer the 50% UP FRONT they want to even mix some powder with water and bottle it. He's looking for an exit no doubt.
No sales = no profits = no profit margins.