Friendable Inc (FDBL)

[johnboy6]

I'm holding a modest loss on my shares currently also (I guess right now pretty much everybody is unless you just bought in in the past few days), but I am also going to hold because I actually don't think that they are going to sell anywhere near all of the Series D Pref shares they are offering, and therefore I don't think that there will be nearly as much dilution to common as many are now anticipating. I believe this for two reasons. One, the minimum $ requirement stated in the offering-$50k, which is substantial in my book. And second, the minimum income/asset requirements. This is too long and complicated for me to fully list here, but as in the minimum purchase requirement the requirement here I believe is so steep that it will disqualify many potential buyers.
Aside from the fact that I don't think that this offering is going to be as bad for common holders as many are expecting, I think FDBL has a good thing going with their (now) very comprehensive artist/fan platform. It has seen steady and impressive growth so far based on metrics that the company is focused on, and I think that over time that this will result in increased revs for them. I see this as a good long term play. All of this is JMO of course.