FBEC Worldwide Inc (FBEC)

[Jon Bovi]

FBEC Unfortunately that's not the case.

If FBEC has filed an 8k to the SEC telling them they have initiated any business transaction.

""As o f the date of this filing the limited liability companies required for both Joint Venture Agreements haven't been filed." "

There are is no company created to do business under the JV. The JV is inactive until a company is created. The JV 8k has no bearing on whether actual business can be done.

According to the 10Q no LLC have been created. Therefore, all items listed in the 8k of the JV can not begin to take place.

FBEC current single employee and CEO needs to maintain SEC compliance.

"Periodic Reporting (Form 8-K) – Under Section 13(a)(1) of the Exchange Act, public companies must file current reports with the SEC within four business days after the occurrence of a reportable event."

1. Reportable Events - include events such as (i) the acquisition/disposition of significant assets; (ii) a change in auditors; (iii) any departure or resignation of directors or officers, (iv) material plans or contracts with officers and directors; and (v) many other events important to investors"

I. GENERAL ANTI-FRAUD PROVISIONS
A. Duty to Disclose All Material Information – Rule 12b-20 of the Securities Exchange Act of 1934 (the “Exchange Act”) requires that companies must, in addition to providing the information expressly required in a report or other statement to the Securities and Exchange Commission (“SEC”), include any additional material information that may be necessary to make the required statements not misleading in light of the circumstances.

D. Executive Officer Certification of Reports and Financial Statements – As discussed in more detail below, a company’s certifying officers can be held personally liable for any untrue statement of material fact or material omission necessary to ensure that statements contained in the reports or other statements to the SEC are not misleading.