21M volume? okay...

This is nothing new. ABHI has not answered the phone, returned voice mails, or responded to emails for months now. Even the sales department!

If they could just release news about a new contract with PC bangs, or a Hospital group, or a large investment group... Anything that has revenue and this thing should get going. I'm down $4,700 and have been long for over a year. I want to average down, but I refuse after watching this go sideways at 0.000. Come on ABHI! Do some damn business!

Glad I got out yesterday. Pissed I lost over $1,000. Waiting for reentry at .00

Thanks for coming on her to save us! You are so nice patrolling Ihub for scams, and sharing your valiant work. You are a true investor advocate sir!

Drop at open and a rally at close; always better than the other way around. #KUMBAYA $LCLP

Post JLO numbers have not been released yet... How can the "glow" possibly have faded?

FML

Good post, thank you.

Thank you for the replies. Last time this churned like this it rallied the next few days. I'll hold and hope

What is happening? I got in at .70 and more at .74, now its going sideways after dips? Chart still looks like long term momentum is strong, but what to expect? What is opinion on breakout? Or should I just get out at .75 and wait for next dip?

Shorts.

Could this be a buy? When is bottom?

Speculation: The next PR from ABHI will related to new debt financing. That is what the latest reports said the company was working on securing. Maybe there will be some news on sales and revenues, but I only expect a morsel of info related to new debt, imo.

Glad I got out at 0.24 Going to wait for this to come out of BK... That will be best time imo

Crickets... pos

Nothing on any company website related to this company about any mergers or partnerships...

I agree. But honestly I think best case = FDBL gets bought out by a tech/mobile giant. Worst case = a tech/mobile giant launches its own version of "Friendable".

What concerns me about this stock, from what I understand, there is very little if no proprietary info/software for this company. To me it seems that it is only a matter of time before a bigger tech company makes their own version of geo-profile-connection app/software, which for now appears to be on the cutting edge of social networking, and looks like it has a place in the future.

Seems like a fairly simply concept: use social media profiles + GPS to help people connect with similar interests. The problem is that neither the social media platform, or the gps technology belong to FDBL. Right now they are selling an idea, but what will stop another company from pioneering the movement?

Simply watching this until BK is over. Then I will buy.

I sold at 0.24, and I don't think it was a mistake.. Time will tell.

Sell limit order set at $0.2449
I'm done.

IF commons are "wiped out", the company will issue new common shares. Current shareholders will be given an offer to exchange their old shares for new ones at a predetermined ratio. Common shareholders have the First Rights of Refusal on any newly issued shares.

Is that it? I thought it was the filing of Ch 11 that made commons worthless... Which is it?

SANTIAGO, April 26 (Reuters) - Solar developer SunEdison Inc , which filed for Chapter 11 bankruptcy protection on Apr. 21, has agreed to sell two energy projects in Chile to power company Colbun for an undisclosed amount, both companies said on Tuesday.

SunEdison, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.

"The agreement entails the acquisition of two solar energy farms that are being developed (by SunEdison) on Chile's SIC power grid and their respective long-term power-supply contracts," Colbun said in a statement.

SunEdison also inked a 15-year power-supply contract with Colbun, to supply the Chilean energy company with 200 gigawatt hours per year. SunEdison said in a statement it plans to build a 100 megawatt solar plant in Chile to supply the energy.

The companies did not disclose the dollar amounts for the contracts and transactions.

(Reporting by Anthony Esposito; editing by Andrew Hay) REUTERS

Sarcasm post was sarcasm

No no no; SNUE spun the wheel of fortune and landed on Bankrupt! Now they have to sell all office furniture, computers, and phones just to pay the lawyers who will take Billions of $$$ - then they will wipe out all common shares!! Doomsday!! Then magically the company will re issue new shares to new investors and continue business as usual. IT'S A FACT! Duh

LOL
Definition of "Fact" please.

The $4B Net Asset Value does not all get recorded as shareholder equity. There is a ton of additional information to consider; such as company trusted retirement benefits (if any), Deferred compensation for executives, company awards, bonuses, and gifts.

Nonsense. IF they issue new shares, shareholders have first rights of refusal for conversion. They must offer current shareholders newly issued shares.

It's a figure of speech...

Though it doesn't say, the statement obviously pertains to INSOLVENT companies in Ch-11.

SUNE is not insolvent and has a Net Asset Value of over $4B. They cannot simply walk with that money and leave shareholders with nothing. Besides, they are continuing operations. I doubt they issue new shares, and if they do, they must issue them to current shareholders. Any questions?

Please tell the whole story. Read the rest of the page:

How Does Chapter 11 Work?

The U.S. Trustee, the bankruptcy arm of the Justice Department, will appoint one or more committees to represent the interests of creditors and stockholders in working with the company to develop a plan of reorganization to get out of debt. The plan must be accepted by the creditors, bondholders, and stockholders, and confirmed by the court. However, even if creditors or stockholders vote to reject the plan, the court can disregard the vote and still confirm the plan if it finds that the plan treats creditors and stockholders fairly. Once the plan is confirmed, another more detailed report must be filed with the SEC on Form 8-K. This report must contain a summary of the plan, but sometimes a copy of the complete plan is attached.

The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless.

That is a general guideline for insolvent companies, which SUNE is not.

If they cancel existing shares, they will issue new shares to the stockholders.

This would be different if it was Chapter 7.

LOL. NO.

"Almost every time" - Thanks for that oxymoron.

Investing 101

In Bankruptcy, common stock does not:
A) Disappear
B) Get Wiped Out
C) Vanish

SUNE is working a DEBT restructuring.
Common stock is an EQUITY position.

People please stop.

From Reuters: In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.


So $16B in debt & $20B in assets

Outstanding shares: 316,936,000

You do the math from here.

Read it yourself. It's in multiple reports issued today. $14b in debt... Who is making stuff up? You by the looks of it.

Do DD son.

you don't know that.

Would be nice to see a surge, but I don't think this is going anywhere until 4th quarter 16. The company needs to reduce its debt and show some nice revenue. Instead it keeps borrowing more and more and has not released any relevant cash flow information - only prospects.

looks like its trading again.