Friendable Inc (FDBL)

[rut2k9]

Northcoastventures is 100% unrelated. Please stop bringing it up. It's off topic. It's not related to the public company. I will delete future posts about that as it's misleading.

What they will do is create a new company and register the shares.
They have authorized only 400M shares, but there are 5,553,310,369 shares of FDBL, so are are talking about 1 share in the new entity for every 100 or 500 or 1000 FDBL shares. It's a back-door reverse split.

The brothers have a long, established history of producing NOTHING and selling toxic debt at deep discounts to the market to fund their salaries, which are excessive, and to pay their relatives to "consult" or "develop" or other things at above-market rates.

The result is the share count quickly balloons, and the toxic lenders sell the stock as quickly as they can, immediately driving the price into the ground.

These are facts. It's easy to research it. History repeats itself again and again. The new entity is being created ONLY so they can have a "fresh" shell to use to sell new toxic debt at higher prices. They've never generated any meaningful revenues, let alone profits.

Beware.