Monday, October 16, 2017 5:11:04 PM
There are 3.4 (3.38) BILLION shares outstanding. Actually, I bet it's a lot more, in FDBL.
Only 400 million shares are authorized in Fan Pass.
So that means if they maintain a similar valuation, it's 1 share of Fan Pass for every ~9-12 of FDBL. But if they do that, they can't raise any more money.
So add a zero. That means Fan Pass would be worth something like $0.001, and you'd get one share for every 90-120 shares of FDBL. That's not enough.
Add three zeros ... now Fan Pass is worth $0.10, and you get one share of Fan Pass for every 9,000-12,000 shares of FDBL. But why would they want a ten cent stock? Let's add one more zero.
That's a $1 stock, which they can then sell at $0.50 to toxic lenders with warrant coverage to raise money to pay their salaries, and you get 1 Fan Pass for every 90,000-120,000 shares of FDBL.
That's the reverse.
It's simple math.
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