Friendable Inc (FDBL)

[rut2k9]

What about this announcement about Fanpass from brothers ?

"Friendable intends to immediately dividend shares to all Friendable stock holders of record and prepare a registration statement for Fan Pass, Inc. to commence trading on the OTC exchange in the coming months. Additionally, the Company is taking delivery and full ownership of the existing technology and work product completed to date. Following this delivery, the Fan Pass application development will proceed forward utilizing Friendable's resources, rather than those of our previous partner."

Would they deliver there promise? HMMMMMM.

It doesn't matter.
1. Friendable has no resources to develop Fan Pass. They have no money, they have no engineers on staff. They have no staff, really.
2. The "dividend" was nothing but a back-door reverse split all along. They need to have an equity priced higher so they can sell heavily discounted toxic debt to pay their salaries.