FBEC Worldwide Inc (FBEC)

[Jon Bovi]

8-k
"Effective September 12, 2015, Robert Sand resigned as Chief Executive Officer and from the Board of Directors as Chairman of the Board.

The Company has agreed to cease any and all investigation of Mr. Sand, as alluded to in the Form 8-K filed on September 11, 2015, and has agreed to accept his resignation. The Company has agreed that the shares of common stock of the Company that Mr. Sand received pursuant to his employment agreement vested immediately upon him signing his resignation."


Dec 11 2015 is approx 90 days this date which would be the minimum required for a previous director, associate or affiliate needs to wait before being able to sell securities, he's held the certs for more than the 6 month wait period as far as I can tell as well.

"Additionally, on May 5, 2015 the Company issued 150,000,000 shares of common stock to Robert S. Sand according to the terms of Amendment No. 1 to the Employment Agreement."