FBCD - question
Should there be another Form 3 filed? By LeClerc specifically?
"happelwood
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Friday, March 25, 2011 8:11:19 PM
Re: None Post # of 4175
If you concider the 39.5million reduction, theres a 20.5million float (assuming i'm using the right terms here).
FBCD is still prepping for takeoff. Form 3s are used to establish an insiders affiliation with a company, which leads me to believe they are still getting paperwork handled. I believe there should be another Form 3 coming establishing Chris LeClerc's 24million shares.
Notice how in the latest 10Q, page 17:
" Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On August 11, 2010, FBC Holding, Inc. issued 12,500,000 shares of its common stock to Super Rad Corporation for and in consideration for the acquisition of the Super Rad Corporation assets. No solicitation was made and no underwriting discounts were given or paid in connection with this transaction. The Company believes that the issuance of was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.
On August 13, 2010, FBC Holding, Inc. issued 24,000,000 shares of its common stock to Christopher LeClerc for and in consideration for reimbursement of salary and expenses. No solicitation was made and no underwriting discounts were given or paid in connection with this transaction. The Company believes that the issuance of was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933."
The first Form 3 accounted for the 12.5million on August 11 to Super Rad Corp. Chris still needs to claim his 24million using a Form 3, and that accounts for 36.5million shares. If you concider the 39.5million reduction, theres a 20.5million float."