FBEC Worldwide Inc (FBEC)

[Jon Bovi]

Unfortunately this company has not generated any substantial revenue from making a physical drink product in over 18 months. They have only been able to take on more debt to generate cash. So the question is...How much more debt has the company taken on to satisfy the cash needed to make a real drink product?

The recent promo efforts and spike in volume followed by a decrease by more than 50% in 1 day after a fluff PR about a simple packaging agreement should be telling as to what the intent of management is. They must satisfy demands of large note holders who got brought in at .008 or lower.

FBECs financials are in a worse state than they've been in a long time considering the mountain of debt and conversions take on with little to no transparency or real substantive communication with investors or the public in months.

There has been no fundamental change in this company for over 18 months.
The recent 8K makes no mention of the actual business arrangement between FBEC and the co-packer.

We knew the previous co-packer required a 50% upfront payment before they would pack. Most times this happens when a company has no credit and is a high risk of default.

I would imagine the new co-packer after doing a simple credit check which is standard when doing business with any other business would require 50-75% payment up front.