I fappreciate your email and willingness to reach out to us to get some answers. While we were not made aware of the suspension prior to the SEC, we did speak to them today after the suspension occurred to find out what had occurred. We were advised that our press releases raised concerns because they do not offer specific names. We were clear that larger companies often do not allow smaller companies to pit their names in the press. Further, it has happened all to often to us that once you place names in a release, a shareholder with a $5 stake in the company calls the named individual to see if they are real and what non-public information can they get.
Yes, we are operational and are continuing to operate business as usual. Yes, the LOI is still proceeded with a May 30 due diligence deadline.
The SEC asked us for contractual verification on three of our outstanding agreement which were announced to the public. We provided all requested I formation at 2:45pm today.
I hope this helps shed some light on this very upsetting event.
Tom
If CEO Thomas J. Parilla, is lying = He most likely will go to Jail & FRTD Will Not be Trading anymore! :-(
If CEO Thomas J. Parilla is telling the Truth & things are PROVEN on the Up & Up = FRTD Will Trade Again! ;-) = BUY BUY BUY!! ;-)
Once Trading Resumes (if) = Remember the following! ;-)
~ FRTD = "We Will Rock You!!" ;-)
Let's Keep up the Fire-Power! Shorts arRre Skeer'd!! ;-)
Shorts are NEEDING to Cover Lower,, and are Desparately trying to scare-shares...
"Let's Flip da Script" on the Shorts Here in FRTD!! ;-) (..as shown in the essence of this Video ;-) )
Everyone get OFF the ASK below .14's!! ;-)
Everyone, make sure you have ALL your Shares For Sale Right now above .14’s!! = as High as your Trading Company lets you! = LOCKED! (**Once Trading Resumes! ) ;-)
This way your Trading Account can't Loan them Out to the Shorts & if they have,, they WILL have to Cover!!! ;-)
If I was a short just the remote possibility that the merger would go through before 6/6 would give me sleepless nights. frtd stock would never trade again but all shorts would have to provide the shares, which they cannot if it does not trade again, or the cash for the buyout price. Most likely not going to happen but it is a remote possibility as I said.
Oh MY & I Agree! Sure would be the reason for Desperation!! ;-)
...since Shorting is Illegal in the "Grey Markets" = Current Shorts Can ONLY Cover & Not Short it down = so Everyone BUY BUY BUY!!! ;-)
HarRr dee HarRr HarRr!! ;-)
Time to relax & enjoy the Week-end!! ;-)
___________ As always,, the above Post is "Just My Opinion!" ;-)
I hate emails like this that are "supposed" to be legit and from a CEO, when there are blatant grammer and spelling errors!!! How are we supposed to accept them as real from a buffoon that cannot spell correctly??? JMO
While we were not made aware of the suspension prior to the SEC
1 day before the suspension (may 22) they were not made aware?
What he's not telling you is that all PRs with forward looking statements typically have to be submitted to XBRL system 12-24 hours before being released, and 24-48 hours for regulatory filings. And in both cases, that is because SEC has to review them.
And SEC MUST inform issuer (company) of any class action against them prior to public release.
So long story short - BSing shareholders.
We were clear that larger companies often do not allow smaller companies to pit their names in the press
Not a case WHATSOEVER. Size of company does NOT matter whatsoever. If a partnership or any other contractual obligations exist between intra publicly traded companies, it MUST be revealed to shareholders & public, period.
Not doing so, constitutues fraud.
Further, it has happened all to often to us that once you place names in a release, a shareholder with a $5 stake in the company calls the named individual to see if they are real and what non-public information can they get.
LMAO! Not the case - AGAIN. Public companies are P-U-B-L-I-C for THIS reason. Any material information HAS to be released both to shareholders AND rest of public, REGARDLESS of position in the company. Shareholders typically only hold voting rights in company.
the LOI is still proceeded with a May 30 due diligence deadline.
What that means, is that LOI (Letter of Intent) which on OTC means virtually nothing (99.9% of them are fake) was being reviewed by the allegedly acquiring party. The Due Diligence component means that on May 30 they will tell the world the deal fell through, or be silent about it.
The SEC asked us for contractual verification on three of our outstanding agreement which were announced to the public.
SEC did not ask ANYTHING from them cause they are not an SEC reporting company. OTCQB and OTCQX is, not them. SEC shut them down because they have already done their extensive DD and deemed it a scam.
If Tom has sent all the requested information to SEC and if SEC thinks that everything is OK, so is it possible that we are back in business on tuesday again or do we have to wait this 10 days ??