OTCBB ALERTS

[Kurupt]

FBCD - On November 11, 2011, we issued a total of 19,100,000 shares to Capitoline Ventures II, LLC, in exchange for consulting services. The value placed on these shares was $0.01 per share. The shares were restricted in accordance with Rule 144. The issuance was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, and Capitoline Ventures II, LLC, is a sophisticated investor and familiar with our operations.





Definition of 'Rule 144'

A Securities and Exchange Commission rule that sets the conditions under which restricted, unregistered and control securities can be sold. These are the five conditions that must be met for these securities to be sold:

1. The prescribed holding period must be met.
2. There is an 'adequate' amount of current information available to the public regarding the historical performance of the security.
3. The amount to be sold is less than 1% of the shares outstanding and accounts for less than 1% of the average of the previous four weeks' trading volume.
4. All of the normal trading conditions that apply to any trade have been met.
5. If wishing to sell more than 500 shares or an amount worth more than $10,000, the seller must file a form with the SEC before the sale.

Read more: http://www.investopedia.com/terms/r/rule144.asp#ixzz1zd5qGN1i