FBEC Worldwide Inc (FBEC)

[JesterGuardian92]

They might be confused as to relationship to OTC and Nasdaq, but they are not incorrect at all. Nasdaq Rule Series 5110(c) explains that a company must trade 12 months on a regulated exchange prior to applying to Nasdaq or provide a $40m underwritten offering to bypass the 12 months and apply to Nasdaq. The OTC "code" FBEC is being used in that regard, so this approach to OTC is the start to the path of the Nasdaq program to uplist. Also, because they are going the OTC route, they do not need to reserve HHLL with Nasdaq, that will be done through OTCM, I verified that with Nasdaq directly.