Friendable Inc (FDBL)

[rut2k9]

This underscores why Fan Pass is being spun out.

They have squeezed all the toxic debt they can from FDBL. The bottoming share price, burgeoning debt, and be honest here ... non-performance ... has left FDBL as an entity without any options for raising capital. As the spin-out announcement proved, with the stock going quickly from $0.0007 to $0.0001 AFTER the news ... PRs no longer matter. And please, nobody is buying this turd.

So creating a new entity, at a higher share price (which means fewer shares out, which implies a reverse split structure), they can sell new toxic shares. They can also have Fan Pass bill FDBL (and by extension, the brother's sons) for development.

But ultimately, for FDBL, there are only two options:

1. Large reverse split, so they can issue more toxic debt
2. Shift the focus of investors to the new entity, put out PRs on that, stop putting out PRs for FDBL (as they have), and let it die. Six, nine, 12 months from now, you'll see a filing that they've discontinued development, or maybe they'll have Fan Pass acquire FDBL in a share swap (you get nothing), as they let that entity just die.