FBEC Worldwide Inc (FBEC)

[Jon Bovi]

It had to be paid somehow since we have made "0" sales that is confirmed through SEC filings.
Most likely more toxic financing to come. The question is how bad is it?

If we have no equity, assets or sales revenue we don't have a strong negotiating leg when arranging more convertible notes to pay the old convertible notes, robbing peter to pay paul seems to be the MO. We may never get our heads above water again and that is worrisome.

There are clear reasons, this item being one of them, why big block buyers are avoiding this liquidity trap and causing our PPS to flounder.