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I don't believe you.
The word "FACT" doesn't mean what you think it does.
Sort of like the words "imminent" and "immediate"
your OPINION is that it is going higher. There is NO EVIDENCE to support that, and ample evidence -- weeks and weeks of evidence -- to the contrary. It has done nothing but go down until it can't go down any more. There has been no news for months. Deathly silence.
Attorneys and CPAs would work for management and/or the board, which are the same people. They call all the shots. If any of those people, should they exist (and I'm skeptical, because they'd want to be paid and the company has no money) disagree with the brothers, the brothers as the officers, and the directors, would do what they want anyway.
They determine how much the officers (themselves) get paid.
They determine who does the development (their other companies, their children, nobody)
They determine how much to dilute you (a lot)
There are none.
None.
The same two members of management ....
http://ir.friendable.com/management-team/
ROBERT A. ROSITANO, JR
and
DEAN ROSITANO
are also the only two board members ...
http://ir.friendable.com/board-of-directors/
Have you ever seen a "real" company with only two board members? No outsiders at all?
And have you ever seen a "real" company where management is the board, and the board is management?
And have you ever seen a "real" company where it's two brothers?
When they do the reverse split and the name change, they should just call it Rositano Family Wealth Creation, inc.
There are many red flags here. This is the largest, and most red, flag of them all.
Yes.
But his question was who is making the corporate decisions.
Two brothers are the management team.
They are the same two people on a two-person board.
It seems pretty obvious who makes corporate decisions. And they have no independent oversight at all. None.
And that explains why ALL the decisions benefit only two people.
You shouldn't believe anything he says.
I don't think he's ever had a meaningful conversation with the Brothers.
I doubt they know his name.
I doubt he owns that many shares.
He certainly has been consistently wrong here.
He is the definition of "noise"
the stock chart suggests that most people are listening to him, and nobody is listening to you.
Straight down.
I have already answered that question. Twice. In the last hour?
Tell you what, you worry about yourself.
I've filed a whistleblower with the SEC, and alerted the Arizona Attorney General and FINRA about Kingman's insider trading. Will they care? Dunno. But maybe he'll get a call. It's a pretty simple case.
No, clearly you do not.
so if you rob a convenience store with a gun, but the cash register is empty, there's no crime, right?
I'm not contacting the SEC. That wouldn't be the only law enforcement body here.
for the company, Violation of Regulation FD
For our friend in Kingman, insider trading.
And yet more violations of Federal Securities laws.
Any money laundering you care to admit to? Maybe tax evasion?
You know all these posts can be subpoena'd, right?
He said he was.
He has said, numerous times, that management was sharing "big" news with him, directly, personally, in a one-off conversation, that they were obviously not sharing with the public.
That is a violation of Regulation Fair Disclosure, which says that any material/non-public news must be shared simultaneously and broadly with everyone.
He said as recently as today that he was buying shares, and was doing so based on news which he and he alone had.
That is a felony.
when your stock has cratered like this one, management has an obligation -- ethical, moral, professional -- to communicate with the owners of the company.
No, it is not a regulatory requirement.
But failing to do so as the stock craters speaks very loudly and demonstrates how little the brothers care about their shareholders.
that would be a violation of federal securities laws.
I'll report that too.
I am already reporting him. You should too. Not the first time he's stated publicly that he's front-running material news.
this is and has been a part-time affair for the brothers to turn shareholder capital into their personal wealth by printing/selling discounted shares to toxic lenders to pay their salaries, and pay for fake development done by their children.
It's not a real company.
And no good news is going to change this.
The alleged spinoff sent the stock from $0.0007 to $0.0001 in just a few days.
it should bother you. Management has a duty -- and obligation -- to communicate with shareholders especially when there is this level of selling, and this depressed price. I don't believe for a second there is any active NDA. And if there was, it would not be a full/blanket NDA. Perhaps they would be unable to comment on one thing, but they can at least communicate to shareholders.
The lack of any communication for two solid months is damning of management and this company.
PRs cost money.
They have none.
PRs require news.
They have none.
It has been explained on this board why normal trading shows up as shorts, even though nobody is shorting at this absurdly low price.
Nobody is shorting at this absurdly low price.
Let me say again: Nobody is shorting at this absurdly low price.
Taking on infinite risk to earn a hundredth of a penny makes NO SENSE.
I fully believe we'll see a share count outstanding north of 4 billion, which is several billion more than we had at the start of 2017, when the 9/30 report comes out.
You misunderstood his post.
The 10Q shows the Authorized and Outstanding as of June 30.
Today is not June 30. Nearly 120 days has passed since then.
And you betcha they have increased the Authorized and Outstanding.
The Q is a snapshot in time. Time has passed. And more shares are being printed. That is indeed a fact, and is true.
"we aren't quite as terrible as some of the more crappy MJ companies".
That's a helluva investment thesis you got there.
"Venture" typically means "initiative" or "business development", which is materially different from "venture capital."
Venture capital wouldn't touch this with a 100-foot pole. They don't invest in public companies. That's the opposite of their model.
I'm sure it's yet another business scheme from the brothers, likely unrelated to this, and certainly not something that will save this.
The data is clear:
- They brothers have an unblemished history of failure
- Each of many endeavors has followed the same pattern; no revenue, no profits, toxic debt, share price decline, reverse split, name change
- They have a ghastly capital structure with 10s of billions of toxic shares on top of preferred stock for insiders with 9x voting power
- The brothers take hefty salaries and deliver nothing, including communication
- They have terrible corporate governance with no independent oversight and countless related party dealings that enrich their family at the expense of shareholders.
None of that is in dispute.
I don't know. I don't know SolarSun. I suspect he got bored.
But you have been consistently wrong here. I'm sorry, but you have. Not as wrong as some, and some of your data is correct, though the assumptions you draw from the data is not. But you are on the wrong side of this trainwreck.
I have not been hyperbolic. I have not said, and do not believe, it is "almost over." I've not said nor do I believe this will be delisted (ultimately, it will be de-registered, which is different and worse, but not soon). I have not said anyone has been arrested on securities fraud. I too rely on data.
But blaming this catastrophe on shorts, and thinking that if only there was news there would be some magic short squeeze belies basic logic. A short is a risky play. You have limited upside (from the current price to $0.) You have unlimited upside. So why would anyone short a penny stock? And I mean a stock trading at $0.75, let alone one at $0.0001. What upside do you have to justify that risk? And why would you short a stock at $0.0001?
Let's say you shorted this at $0.07. I wouldn't. Not enough upside to justify the risk. But let's pretend. You short 1M shares at $0.07, a $70K short position.
Stock crumbles, as it has. Now you have your million share short position at $0.0003, for a profit of $69,700. You really think you'll hold on for the last $300 too? Against unlimited risk?
C'mon, think it through. Take your $69K profit, buy a Corvette, and leave the $300 (or $3,000) on the table for someone else.
The short play is done here. It's time to blame management, and the people who have enabled them.
Though I am not short, being short a lousy stock is not illegal, and is a perfectly acceptable investment approach. Just being short is not bad. Or wrong.
And when his statements have been proven, again and again, to be accurate, while yours have not .....
That's odd.
We were promised "imminent news" ...
Oh yeah, by the same people who promised "news tomorrow" six weeks ago.
Seriously, the stock is at $0.0001. Anyone who was short this covered long ago. There's no magical short squeeze happening. Why take on the risk at the bottom? To save a hundredth of a penny? No upside, all downside. Take your money and move onto the next short. There are plenty of them.
The status is, Cirtran lost, and is being dissolved. The stock is no longer a stock. It is illegal to buy or sell it. It has been de-registered. Cirtran is no longer a public company, and depending on the status of the dissolution, likely no longer an entity at all. Shareholders lost everything.
It's been more than six months, and almost seven months, since the cheerleaders posted. They've moved on, admitting defeat.
Good! I am glad I am not the only one laughing.
You are welcome to believe what you want.
I, however, will base my beliefs on facts. Not hopes.
See, to me it looks like I was 100% correct.
There is no market whatsoever for this stock north of $0.0001.
The only buying is at $0.0001. Nobody is willing to pay even a fraction of a fraction of a penny more.
What you saw today was massive dumping by converters. And they have tens of billions more to dump.
When they file the financials -- if they do -- you will see a massive step up in share count, and an even larger in potentially dilutive shares.
Those are facts. And it's ugly.
same way as before ...
hope and a prayer, but with no logic or math whatsoever.
that was 78 days ago.
I understand, but while everyone has been calling this a scam, I've been avoiding that term, hard though it may be. While others say this is dead and going away in a week, I've said it will stick around, albeit at $0.0001. Some post every day that trading is halted. I've never said that. Nor have I suggested that anyone has been arrested (or should be). I've tried to be the reasonable voice here, and I'm getting singled out.
Sad, really.
This is a message board discussing FDBL, right?
In a discussions, you want various points of view.
I ask this because you keep saying "here at FDBL" as if this is only for those friendly to FDBL, and not those with opposing points of view.
Just asking.
if you are reading muggers you are doing it wrong.
imo