Replies to post #27477 on FBEC Worldwide Inc (FBEC)

[lasernat]

FBEC fortunately it is the case ... verbiage from 8k's "will" denotes something not yet completed but will be done ... JV's are now created ... no further 8k required ... end of story


On November 12, 2015, FBEC Worldwide, Inc., (“FBEC”) entered into a joint venture agreement (the “JV Agreement”) with CBD Globe Distributors Ltd (“CBD”). Pursuant to the JV Agreement FBEC and CBD will form a limited liability company (the “LLC”), which shall be owned as follows: 50.1% by FBEC and 49.9% by CBD. The LLC shall create a strategic alliance between the brands currently held by the parties, respectively in an effort to lend support in a multitude of areas and consolidate businesses in the cannabis and hemp industry. FBEC will take on the role of online digital marketer in a wide variety of online spaces as well as provide fulfilment support for the distribution of all brands at FBEC’s expense. To the extent set forth in this Agreement, each of the Parties shall own an undivided fractional part in the LLC. Jason Spatafora and Patrick Folkes shall be the managing members of the LLC (the “Managing Members”).

On November 30, 2015, FBEC Worldwide, Inc., (“FBEC”) entered into a joint venture agreement (the “JV Agreement”) with DuBe Hemp Beverages Inc. (“DUBE”). Pursuant to the JV Agreement FBEC and DUBE will form a limited liability company (the “LLC”), which shall be owned as follows: 50.1% by FBEC and 49.9% by DUBE. The LLC shall create a strategic alliance between the brands currently held by the parties, respectively in an effort to lend support in a multitude of areas and consolidate businesses in the cannabis and hemp industry. FBEC will take on the role of online digital marketer in a wide variety of online spaces as well as provide fulfilment support for the distribution of all brands at FBEC’s expense. To the extent set forth in this Agreement, each of the Parties shall own an undivided fractional part in the LLC. Jason Spatafora and Phil Restifo shall be the managing members of the LLC (the “Managing Members”).

[Thomas91882]

FBEC needs to provide better disclosure.

1. What is the corporate information of all of the new LLC's involved in any of the agreements with CBD, DuBe and/or DAF?

2. What amount of capital has been spent towards producing inventory to CBD, DuBe and/or DAF?

3. How much inventory is currently owned by FBEC, and how much inventory has been shipped to CBD, DuBe and/or DAF?

4. How many conversions have been authorized to date, and how many new notes and/or financial instruments have been issued for funding to date?

5. What are the names of the entities (Corporations or Individuals) who have converted or provided new funding to FBEC to date ?

These are fair questions that shareholders require and that the SEC expects an issuer to disclose; especially if stock promotion is being deployed and information is being released. It is improper disclosure to disclose distribution agreements without the backup due diligence for the public to make a decision in buying or trading FBEC stock.