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Friday, December 07, 2018 10:18:49 AM
Dear Mr.Rositano,
The problem with your offering is there is no clear accountability. To this point management has not shown an ability to execute its business strategy. In addition, you're asking current shareholders to bail out FDBL while at the same time devaluing common stock shareholders. A 10K to One reverse split would essentially wipe out present share holder value while at the same time giving management a pass on its poor judgment, oversight and execution practices. Without an independent board to reign in management and to advise on sound business decisions I am not sure how shareholders could offer FDBL (basically you) a bail out...
this is another poorly thought scheme for self enrichment that should see little support.
Chris
Chris gets it.
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