Home > Boards > US OTC > Internet - Online Services > Friendable Inc. (FDBL)

10q for quarter ending march 31,2019 re debt

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
crazyjogger925 Member Profile
 
Followed By 37
Posts 12,629
Boards Moderated 0
Alias Born 02/27/05
160x600 placeholder
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 1/16/2020 4:30:09 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 12/31/2019 4:28:08 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 11/19/2019 4:13:58 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 11/14/2019 5:22:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/30/2019 4:32:05 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/23/2019 5:27:24 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 8/14/2019 4:49:43 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/14/2019 5:19:53 PM
Amended Quarterly Report (10-q/a) Edgar (US Regulatory) - 5/31/2019 12:17:58 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/24/2019 3:36:42 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/24/2019 3:34:46 PM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 5/24/2019 1:17:25 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/20/2019 1:59:57 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 5/15/2019 5:45:27 PM
Information Statement - All Other (definitive) (def 14c) Edgar (US Regulatory) - 5/7/2019 6:08:36 AM
Information Statements (revised) (prer14c) Edgar (US Regulatory) - 4/24/2019 3:20:29 PM
Amended Annual Report (10-k/a) Edgar (US Regulatory) - 4/17/2019 5:18:42 PM
Amended Annual Report (10-k/a) Edgar (US Regulatory) - 4/17/2019 6:06:42 AM
Annual Report (10-k) Edgar (US Regulatory) - 4/16/2019 5:32:23 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/15/2019 10:59:33 AM
Proxy Statement - Other Information (preliminary) (pre 14c) Edgar (US Regulatory) - 4/10/2019 5:31:17 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) Edgar (US Regulatory) - 4/2/2019 6:07:03 AM
crazyjogger925   Wednesday, 01/08/20 09:49:35 PM
Re: None
Post # of 56761 
10q for quarter ending march 31,2019 re debt restructure and maintaining a buck.imo


11. DEBT RESTRUCTURE AGREEMENT

On March 26, 2019, the Company entered into a Debt Restructuring Agreement with related parties Robert A. Rositano Jr., Dean Rositano, Frank Garcia, and Checkmate Mobile, Inc. and Alpha Capital Anstalt, Coventry Enterprises, LLC, Palladium Capital Advisors, LLC, EMA Financial, LLC, Michael Finkelstein, and Barbara R. Mittman, each being a debt holder of the Company.

The debt holders have agreed to convert their debt into certain amounts of common stock as set forth in the Agreement upon the Company meeting certain milestones including but not limited to: the Company effecting a reverse stock split and maintaining a stock price of $1.00 per share; being current with its periodic report filings pursuant to the Securities Exchange Act; Checkmate Mobile, Inc. and Company officers forgiving an aggregate of $1,000,000 in amounts owed to them; the Company raising not less than $400,000 in common stock at a post-split price of not less than $0.20 per share; and certain other things as further set forth in the Agreement. The debt holders will be subject to certain lock up and leak out provisions as contained in the Agreement.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist