Replies to post #16491 on Friendable Inc (FDBL)

[Tadaaa]

IMHO, those salaries are HIGH, the company has three full time employees and one part time employee, below from the recent filings....

10. RELATED PARTY TRANSACTIONS AND BALANCES

During the six months ended June 30, 2015, the Company incurred $224,883 (2014: 224,546) in salaries to officers and directors with such costs being recorded as general and administrative expenses.

Also note, It is my opinion that the Bros's own the PRIVATE Company below, which holds the intellectual / app development technology....this was done in the past when Stakeholders were hosed and the Private Company was operating with-in the Public Company HQ, the Private Company owned by the Bro's held the real assets...as the Public Companies went Dark.......on multiple occasions.....ALL JMHO !

During the six months ended June 30, 2015, the Company incurred $243,560 (2014: $117,784) in app hosting, app development, office expenses, and rent to a company with two officers and directors in common with such costs being recorded as general and administrative and product development expenses.

TIME TELLS ALL !!

GLTA !