Friendable Inc (FDBL)

[rut2k9]

This reverse split was totally predictable. I know, because I (and others) predicted it.

They can't sell toxic debt at these levels. The sellers of that debt work on the arbitrage between the market price of the stock and the discounted price for the warrants they receive. They don't care about the debt being repaid, because they make money on the front-end of the deal. They also can short the stock because they have in-the-money warrants they can use to cover the short at any time, so they make money twice -- far exceeding the debt service.

At $2 per share, the brothers can sell stock at $1.50, using the "proceeds" to pay executive salaries (the brothers), hosting fees (the brothers), development fees (the brothers and their families), and other such costs (the brothers).

When the stock drops to $1.50, they can sell stock at $1, putting more cash in their pockets.

When it drops to $1, and it will, they can sell stock at $0.75. When it's at $0.75, they can sell at $0.50.

All the way down to $0.0001, again.

As long as suckers continue to hope and pray that the brothers will do something different than they've done every step of the way for decades, they can continue to put your money in their pockets.