Friendable Inc (FDBL)

[crazyjogger925]

the bros have already sold post split shares to raise money.fdbl could merge with their old bud martin wade who is bigly involved with vmsi? vmsi touts an app with artificial intelligence capabilities iam pretty sure they could use the 900,000 fdbl historical user database.imo


Stock Subscriptions Received:

During the quarter ended March 31, 2019, the Company sold a number of its common shares to be issued upon the completion of the reverse split of the Company’s stock as set forth in the Company’s filing on Form 14C as filed with the Commission on May 7, 2018. The total number of post-split shares to be issued is 534,000. As the split is not yet effective, the Company has not issued these shares. The share numbers set forth below represent the post-split number of shares to be issued by the Company.

During the quarter ended March 31, 2019, the Company sold 57,000 shares of common stock for total consideration of $14,250. Additionally, Robert Rositano, our CEO, and Dean Rositano, our president, agreed to assign to each of the investors a number of shares equal to the number of shares each shareholder purchased in the offering.

Additionally, during the period the Company sold an additional 477,000 shares of the Company’s common stock for total consideration of $119,250. As part of the subscription for the shares, each investor was granted a percentage interest in the net revenues received from Fan Pass subscriptions and subscribers. Each share is entitled to receive .00001% of the net revenue. The shareholders in this offering also were granted limited anti-dilution protection providing for an additional issuance of shares from those held by the Robert and Dean Rositano after the completion of an additional offering by the Company.