FBEC Worldwide Inc (FBEC)

[JesterGuardian92]

No, it isn't a Reverse Merger. This is a Reverse Takeover. Go read Mark DiSiena's LinkedIn, he specifically states this is an "RTO (Reverse Takeover) IPO". A reverse takeover is an acquisition of a shell, followed by a subsequent reverse merger into the shell. A reverse merger does not include a prior acquisition in the process. A Reverse Merger also requires a vote by shareholders of both merging companies, that's not happening with FBEC cuz of the Series A Special Preferred with 60% voting rights. "Official" announcements are, by their essential nature, public announcements. If you understand there has been no official announcement, why then do you claim there to be a public announcement? Yes, Nikki has been in contact with many people, myself included, so has Mark DiSiena, and many others surrounding this deal. Filings will be posted, audited fins for previous two years will be posted. If they don't get it done by end of November, then you gonna run into the problem of not getting the 12 months in to apply to Nasdaq in 2025. So, if you still think this is a dud, wait til end of November because then, and only then, will you have a leg to stand on making any such conjecture.