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Friday, August 04, 2017 12:46:36 PM
"who will own the other 49% of this vapor-company?
Oh, I know who.
So FDBL essentially has no equity value, with a stock trading at a fraction of a penny, and no book value, since he has no assets on his balance sheet.
He creates, out of thin air, some new entity, and "gives" you equity. But wait! He only gives away half! (And he keeps half).
And when he gives it to you, he gives you one share for every ____ shares you owned of FDBL. Great! It's free, right? Well, it's not yet public, and there's a process he has to go through -- including costs -- to make it public.
And when he "shutters" FDBL ...
well, that was a back-door reverse split. "
NOW, THAT SURE SOUNDS LIKE A SCAM TO ME. - LTA
"If you don't know where you're going, you might not get there" - YOGI BERRA
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