Friendable Inc (FDBL)

[rut2k9]

I'm sorry you don't understand.
It's all there in the filings.

"Convertible debentures with maturity dates prior to June 30, 2017 are now due on demand."

Quarterly report on Form 10-Q, page 14. It's been that way for several quarters. Lots of debentures are already due, and none have, as yet, been called. Why?

10-Q, page 20
The Company derives the majority of its financing by issuing convertible notes to investors. The investors have the right to convert the notes into common shares of the Company after the requisite Rule 144 waiting period. The notes generally call for the shares to be issued at a deep discount to the market price at the time of conversion.


And here's this:
During the six months ended June 30, 2017, the Company issued 599,157,030 shares of common stock to various convertible note holders for full and partial conversion of the notes.

five hundred ninety nine million shares.
At a "deep discount" to the market.
In just six months.

Wanna bet that number nearly doubles in the 9/30 report?