Replies to post #30018 on Friendable Inc (FDBL)

[Tadaaa]

Respectfully, Boston Ron you are incomplete in your assessment of the filings, see below, it depends on whether the conversion feature is an A, B, C or D, below from the filings page 12 and 13:

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11690524

a)
The conversion price per share equal to the lower of:
i.
100% of the average price of the Company’s common stock for the 5 trading days preceding the conversion date;
ii.
70% of the daily average price of the Company’s common stock for the 10 trading days preceding the conversion date.

b)
The conversion price is a range of $0.0025-$0.0078.

c)
The conversion price equal to 50% of the lowest closing bid price of the Company’s common stock in the 20-25 trading days prior to the conversion.

d)
The conversion price of $0.0005.

During the nine months ended September 30, 2016, the Company received net proceeds from convertible debentures of $2,251,508.

During the nine months ended September 30, 2016, $213,255 of convertible debentures were settled by issuing 423,669,721 shares of common stock of the Company.

During the nine months ended September 30, 2016, the Company incurred $129,830 in transaction costs in connection with the issuance of the convertible debentures.

As of September 30, 2016, the Company had debt issuance costs of $346,343 (December 31, 2015: $200,855).

At September 30, 2016, convertible debentures with the principal amount of $4,206,344 have a General Security Agreement covering substantially all of the Company’s assets.