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Friday, March 21, 2014 2:14:03 PM
Currently FBC has a ‘Yield’ status on OTC Markets (http://www.otcmarkets.com/stock/FBCD/quote). However, we believe there is no need to be alarmed whatsoever!
Mr. Russo’s first objective was to focus on operations not ‘market status.’ However, now that the company is on track to receive purchase orders that can top over 1,000,000 units for its first product. Allowing management the ability to pay close attention to what the market sees and what shareholders expect to see.
With that, FBCD is currently working diligently to complete it disclosure filings for OTC Markets, to achieve ‘Current Filer’ status. We expect to have this process finalized and posted by Friday, March 28, 2014 – bringing us current by Wednesday, April 2nd, 2014. Once this is done, we will focus on filing a PCAOB audit with the SEC by the close of the 2nd Quarter to become a Fully Reporting Company by the start of the 3rd Quarter.
ADDING MORE
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