Followers | 44 |
Posts | 13367 |
Boards Moderated | 0 |
Alias Born | 02/27/2005 |
Wednesday, February 21, 2018 12:42:26 PM
that lenders like alpha and coventry entrusted a total of $3.4 million to the bros to develop the fdbl biz.however the bros in 2016 only produced for fdbl about 28k and showed a loss of 5-6 million bucks yet had little concern for their shareholders with their loan forgiveness program below.add to that the stupid HANG WITH story of 2016 where in 4 closings fdbl gave hang with maybe $750,000 and received absolutely nothing in return with no involvement of the DA.its no wonder we sit at .0001.imo
from fdbl 2016 10k
"As of December 31, 2016, accounts payable includes $234,058 (December 31, 2015: $236,571) payable to a company with two officers and directors in common, and $215,000 (December 31, 2015: $175,000) payable in salaries to directors and officers of the Company. The amounts are unsecured, non-interest bearing and are due on demand.
During the year ended December 31, 2016, two officers forgave debt totaling $200,000 and a company controlled by two officers of the Company forgave debt totaling $300,000. The debt forgiveness was considered a capital transaction and therefore $500,000 was recorded as an increase in additional paid-in capital as of December 31, 2016 .
The above transactions were recorded at their exchange amounts, being the amounts agreed by the related parties. "
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM