FBC Holding Inc (FBCD)

[BigBadWolf]

From FBCD's own 10Q/A (click & read in it's entirety) & links (again read in their entirety) to other FBCD filings make your own conclusions

Net Loss (as per FBCD's own 10Q/A)
Since our inception on May 31, 2006 to April 30, 2011, we have incurred a net loss of $20,658,132. For the three months ended April 30, 2011, we incurred a net loss of $1,169,254 compared to a net loss of $1,082,838 for the three months ended April 30, 2010, which is an increase in net loss of $86,416.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8038517
http://www.sec.gov/Archives/edgar/data/1370816/000139160911000339/ex10_1lastaddendumfinal.htm
A shell corporation is a company which serves as a vehicle for business transactions without having any significant assets or operations.
http://definitions.uslegal.com/s/shell-corporation/
PLEASE do Go back and look at all the 10Qs filed since August 2010 - No Assets and No Revenues.
http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001370816&type=&dateb=&owner=include&count=40
http://sec.gov/Archives/edgar/data/1370816/000139160911000321/f10qa_fbcholding2.htm
FBC HOLDING INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS
(Unaudited)

ASSETS

April 30, 2011 July 31, 2010

CURRENT ASSETS

Cash and cash equivalents $ 6,260 $ —

Total Current Assets 6,260 —

TOTAL ASSETS $ 6,260 $ —


LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

Bank overdraft $ 1,263 $ 1,263
Accounts payable 5,085 5,085
Accrued interest 338,614 332,006
Equity obligations - current 1,249,500 1,249,500
Current portion of notes payable 336,900 1,897,500
Total Current Liabilities 1,931,362 3,485,354

TOTAL LIABILITIES 1,931,362 3,485,354

STOCKHOLDERS' DEFICIT

Preferred stock .001 par value; 5,000,000 shares
authorized:
Series A Preferred stock, 2,500,000 designated,
2,500,000 and -0- shares issued and outstanding,
respectively 2,500 —
Common Stock .001 par value; 150,000,000 shares
authorized; 146,011,638 and 22,810,262 shares issued
and outstanding, respectively 146,012 22,810
Additional paid in capital 18,568,925 10,424,756
Deficit accumlated during the development stage (20,642,539 ) (13,932,920 )

Total Stockholders' Deficit (1,925,102 ) (3,485,354 )

Net Loss
Since our inception on May 31, 2006 to April 30, 2011, we have incurred a net loss of $20,658,132. For the three months ended April 30, 2011, we incurred a net loss of $1,169,254 compared to a net loss of $1,082,838 for the three months ended April 30, 2010, which is an increase in net loss of $86,416.