FBEC Worldwide Inc (FBEC)

[JJAAMMAANN]

Looking to invest in new companies...found this one on the Break out board, and worth a look. May have a dead cat bounce...

What I did read on the 10Q...amended twice...LOL
Wasn't good...Looks like the only money maker this company had was just sold. Probably why millions of shares are being dumped.
I have no position here, and won't take one. Best of luck everyone, don't worry, I won't stick around and bash your stock. Just wanted to point out what I read while looking for places to invest.

In June 2015, the Company entered into an Intellectual Property Purchase Agreement, Consulting Agreement, and Royalty Agreement with G. Randall & Sons, Inc. These agreements provide for the asset purchase of the proprietary hemp-based formula used in the Company’s beverage energy shot. G. Randall and Sons will provide ongoing consulting services in blending new formula(s) and working directly with FBEC to improve and blend existing formulas. The Company purchased the asset for $50,000. The purchase includes a $15,000 cash payment and $35,000 8% Convertible Note with a 6 month maturity date and conversion features of 75% of the average closing price 20 days previous to conversion. This represents a 25% discount to the average closing price 20 days previous to conversion.