Friendable Inc (FDBL)

[rut2k9]

I explained this to you many times.
Alpha capital made its money the day the deal was signed. What happened after wasn't relevant. It was only gravy.

They got heavily (really heavily) discounted paper.
They got even cheaper (often free) warrants.

So, the stock is (making this up) at $0.02. They get stock at $0.015, and they get free warrants.

They immediately short the stock.

If it goes up, they present their free-trading shares to cover. If it goes down, they profit. It goes down.

They then convert and sell their warrants. Double-dipping.

They are structured to take no risk. They never expect the underlying loan to be repaid. They write that off on their taxes as a bad debt.