Friendable Inc (FDBL)

[rut2k9]

I have repeatedly refused to call this a scam. You can check. I've been a naysayer for more than a year, since the stock was much higher than it is now, and I heave consistently refused to call it a scam.

I have instead called it a failure.

It cannot succeed at this point because of the capital structure. Too many shares at too steep of a discount have been issued to the worst of the worst toxic funders, and the capital structure is simply beyond broken.

But when you have such a situation, with no meaningful revenues, and consistent losses, and an ugly cap structure, for management to continue to draw such high salaries is awful. These men should have:
- Brought in professional management
- Stopped drawing any salary, let alone options
- Sought out independent board members.

They did none of that. Instead, they lined their own pockets, again and again.