Friendable Inc (FDBL)

[BeachBum]

The door isn’t wide enough for all the dumping that is likely to come. Those preferred to common are going to flood the market imo. The deal they made with Artist Republik will continue to dilute shareholders. The kid they bought it from gets to maintain - percentage of OS so more and more shares to him as the POS sells down on conversion. The directors, marketing firm, developers all have to get paid too. After seeing they only made $6000 off existing platform, I understand why they had to acquire another company. Problem is, the acquired company had a CEO that we kept as an advisor. That won’t be free either I’m sure.

They have been trying to PR to create a market but without a revenue catalyst, I’m afraid this will see .0001/.0002 before they dilute to 2 bil OS. Converting is too heavy. Simple supply demand.