$FBEC NASDAQ listing is obviously a ways down the road, BUT I believe this is why the CEO is determined to keep the Float as Low as Possible, and why he wants FBEC to be a Dollar Stock, and he knows it cannot be a Dollar stock with a HUGE Bloated O/S & Float.
The New NASDAQ Requirements for the Lowest NASDAQ-CM Tier, besides Revenue, & assets Net worth & other things, the Share Price must have a number of consecutive days above $2.00 Bid, and then maintain a minimum of a $1.00 Bid thereafter. So Keeping the FBEC Float as Low as possible is the CEO's goal here.
IMO, many of these Convertible notes are going to get Paid-off in cash before they are allowed to Convert into stock.
I have already Confirmed with the CEO that they are DRASTICALLY Lowering the A/S, I do NOT Know when or what they are Lowering it down to? Only that they ARE Definitely Lowering it.
The CEO's word of choice for his reply to my question about Lowering the A/S was quote:
"DRASTICALLY" Lowering the A/S.
This word tells me they are Lowering the A/S by a HUGE Amount, currently at 5 BILLION Shares, IMO, they lower it to BELOW 1 BILLION, Somewhere between 400 & 800 MILLION Shares. This is only MY Opinion though.
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