Replies to post #44168 on Friendable Inc (FDBL)

[lighter than AIR]

I think your posts are right on, and think you have hit the nail right on the head, as I said...but have to disagree with you about this not being a SCAM...if as you said, it is indeed a "back door reverse split"...and it's just another way for the brothers to exit FDBL, leaving an empty shell with no value, as they have done with every shell and ticker for the last 4 years...all ending in ugly reverse splits...here are your words:



"who will own the other 49% of this vapor-company?
Oh, I know who.

So FDBL essentially has no equity value, with a stock trading at a fraction of a penny, and no book value, since he has no assets on his balance sheet.

He creates, out of thin air, some new entity, and "gives" you equity. But wait! He only gives away half! (And he keeps half).

And when he gives it to you, he gives you one share for every ____ shares you owned of FDBL. Great! It's free, right? Well, it's not yet public, and there's a process he has to go through -- including costs -- to make it public.

And when he "shutters" FDBL ...
well, that was a back-door reverse split. "


NOW, THAT SURE SOUNDS LIKE A SCAM TO ME. - LTA