DD Support Board and Research Team

[nodummy]

FDFT - All good questions

That first link you provide verifies that Henry Ender sold control of the FDFT shell in June of 2013.

If you look back at the 10K from 2011:

https://www.otcmarkets.com/filing/html?id=8188854&guid=NKoaUq6Mr6LPO3h

You'll see that Ender owned 25,214,667 shares and Fred Farnden (the other officer) owned 25,214,667 shares. That made up 96.4% of the O/S.

Now go back to your link:

https://backend.otcmarkets.com/otcapi/company/financial-report/106046/content

Ender and Farnden no longer owned any stock.

It looks to me like the shares owned by Ender and Farnden were the shares sold in the subscription agreement.

With Avag Group buying half for $52,500 and LTP Corp buying the other half for $52,500.

FDFT then issued 350,000,000 new shares to Whitney Wiseman to acquire her company, Restore Force Inc, making Whitney Wiseman the new control person.

FDFT also issued a bunch of stock to the three people I mentioned in exchange for a capital infusion:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162385109

I Net Capital Holdings LLC/South Fork Venture Inc (Chris Leone), Liquid Management Inc (Edward Monet), and Appinero LLC (David Loflin)


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At that point, Henry Ender was gone. FDFT was no longer his shell.

That's what change of control means.

For whatever reason, Ender obviously wanted to take his business back private in 2013.


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As far as your Delaware SOS link goes.

https://investorshub.advfn.com/uimage/uploads/2021/2/5/GKGYZKGDDSMMTHREEQBNXFVKG.jpg

It says that FDFT pays $200,000 in annual taxes.

And it shows a balance due of $400,000 plus some late fees.

So somebody may have filed the 2020 annual report in 2019, but they failed to pay the annual taxes and now the next year's taxes are due to be paid too.


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I guessed it was 3 years behind (since I can't request information from the DE SOS except during business hours). I just assumed they stopped keeping up with the DE entity the same time they let their website die. My assumption was off by a year or so.

But either way, it is not current.


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If somebody wants to contact them on Monday they could probably purchase the last annual report and see who signed it (my guess is it would cost between $20 - $30), but I can tell you right now, it wasn't Henry Ender because he gave up control in 2013.


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Lastly, ETABF is a foreign Issuer so it has different reporting requirements in the US.

It is a fully reporting company in Canada. You can find their filings on SEDAR.

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00049633

But either way, Zoglo's Incredible Food Corp is raising money from any qualified investors that want to invest.



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As fun as it might be to think about FDFT being used by Henry Ender again all these years after he left the shell, it is not even close to a good fit.

FDFT is a non-SEC reporting company that owes Delaware over $400,000 in taxes.

FDFT carries a float of some where between 1,500,000,000 and 3,000,000,000, so anybody merging into the FDFT would be massively diluting all of its investors holdings.

FDFT is in danger of an SEC suspension because it is completely dark with a management team that is unable to be contacted.

And FDFT is over 3 years behind with its OTC filings so it could lose its eligibility to trade on the pink sheets when the new 15c-211 rules go into affect later this year.

Even if FDFT manages to avoid an SEC suspension and avoids any issues with any 15c-211 rule changes, as a non-SEC reporting company, it is virtually worthless for raising money in the future.

The whole reason a real company goes public is to use its equity to raise capital.

Ender would be forced to file a registration statement and make FDFT an SEC-filer again to be able to use it for any useful funding.

He could just spend the same amount of money and do a registration statement to trade as a fresh IPO and not worry about any existing stock.

No matter how you spin it, it wouldn't make any sense for Ender to use FDFT.


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Most penny stocks run on speculation and/or false/exaggerated information anyways, so FDFT isn't much different than most penny stocks, but it is still important to know what you own and understand the risks involved so you can be smart about your trading.