Read the financials and do the math. I have posted this many times in the past. It is fact! Here is the post:
There are over 200,000,000,000 -OVER 200 BILLION SHARES AVAILABLE on this SCAM.
This scam is trading at .00069/1000ths of a penny, soon to be .0001/1000th of a penny offer, no bid!
The reason isn't because the management is doing as good job.
It isn't because the company is misunderstood.
It certainly isn't because the company has a product with even a slim chance of success.
It isn't because the management has any history of producing anything other than a pay check for themselves.
It is simply because this is a huge scam perpetrated on the unsuspecting public!
I could go on and on, but people either realize where I'm going with this or they have blinders on and won’t accept what is put in front of them, in ink, via the companies lawyers and filings! Just read the financials...
KNOW WHAT YOU SHOULDN’T OWN: From fdbl 10-Q dated May 22, 2017 for the period ending Mar 31, 2017
3. INTANGIBLE ASSETS
As at March 31, 2017, the Company owns the Friendable Properties which includes domain names, logos, icons, and registered trademarks for which it paid cash consideration of $35,000.
What this is telling us, is that all the assets of the company are $35K yet they've sold tens of millions of dollars worth of stock. Just taking peoples money day in and day out...total scam.
Basic and Diluted Loss Per Share
As of March 31, 2017, there were approximately 20,131,923,405 potentially dilutive shares outstanding.
Combine this amount(20,131,923,405) with the 180 Billion shares the brothers have via preferred stock,as you can see below, and the total is 200 Billion shares. ( give or take a couple hundred million!
Preferred Stock: (Owned by the brothers)
The Series A Preferred Stock is convertible into nine (9) times the number of common stock outstanding until the closing of a Qualified Financing (i.e. the sale and issuance of the Company’s equity securities that results in gross proceeds in excess of $2,500,000). The number of shares of common stock issued on conversion of preferred stock is based on the ratio of the number of shares of preferred stock converted to the total number of shares of preferred stock outstanding at the date of conversion multiplied by nine (9) times the number of common stock outstanding at the date of conversion.
The scam brothers/directors can't loose. As much dilution as they want and they can still take 9 times what's outstanding, when the whole 20 Billion shares are diluted into the market, they are entitled to 9xs 20 Billion shares or 180 Billion more shares! Add that to the 20 billion already out and your at 200,000,000,000.00 Two Hundred billion shares out!!!!!
AI
