FBC Holding Inc (FBCD)

[loanranger]

This thing can only be described as disgraceful.

I see no shareholder comments regarding the Annual Report that was filed two days ago. Everyone holding or considering buying shares of this company should look at it...not for its factual matter, but for the sheer ridiculousness of it.

Six days earlier a so-called 4th quarter report was filed. Anyone who is at all familiar with public company financial statements knows that no separate 4th quarter statements are necessary....the Annual Report serves that purpose.
It appears, based on a quick review, that both filings are the same. One thing DEFINITELY is the same and that is the date of Frank Russo's signature....both are dated March 17, 2014 which, if correct, would mean that he signed the things seven months before they even existed.

The Revenues reported, by the way, which should be for the full year in the case of an Annual Report, instead indicate:
"For the Three Months Ending July 31, 2014"
Revenue $ 29,975

The third quarter report, filed on June 16th, said this:
"For the Three Months Ending April 30, 2014"
Revenue $ 110,639


If anyone thinks that Frank Russo doesn't know that this most recent set of filings is absolute nonsense, they are mistaken. No one with his background could possibly think that they make any sense at all. I suggest that a proper set of financial statements would clearly show how much of a failure this company is and how investors have been deceived....something that the CEO can't let happen.


I wouldn't suggest that anyone try to make sense of this. Just sell the stock and forget about it. And if you haven't bought it, don't.

http://www.otcmarkets.com/stock/FBCD/filings