Friendable Inc (FDBL)

[CoachMarc]

Could this mean that they settled this toxic loan by issuing almost 500 Million shares at an 80% discount? Wow, this can only mean that the loan issuers have absolutely no confidence that FDBL stock price will increase any day soon. They protected themselves with a gigantic discount to actual value.

Issuers will only do this when they expect the stock price to fall very significantly from where it is today. This discount gives them just enough time and margin to unload their 500 Million shares before the pps falls below their discounted price. This is insane under any standard and a stern warning for shareholders to get out now...