Friendable Inc (FDBL)

[rut2k9]

These deals are structured so that repayment of the debt is a cherry on top of the sundae. They make their money from selling the underlying convertibles. They make more money shorting the stock until they convert. It's rare that a startup-type company, meaning a company with negligible revenues and nothing close to profits, ever pays back the notes. They structure the deals assuming they don't, and make plenty of money off the converts.

That's why there's so much selling. They wouldn't even consider holding the shares. Convert, sell, rinse, repeat.