Replies to post #46653 on Friendable Inc (FDBL)

[lighter than AIR]

They haven't spent that much at all...they're phony numbers anyway...

[Itsjustmymoney]

I wonder where all that money is coming from. No income to spit on. IMO

[Tubal]

Are you serious? What time are they spending? Not developing a product. What money do they have? They made 3 grand the prior quarter. They only money they got was from the toxic notes. The only thing certain is that they change tickers when the well runs dry. That aint my opinion. Tbat is ALL FACT. You should reword that statement and add "I wish" or "I hope"

[katiesdad7]

You nailed it. To keep the toxic sales going. Good call.

[KngmAz]

Yes - absolutely RIGHT ON!! Wow - it sure is refreshing to see someone actually using some LOGIC here. Good post.

[rut2k9]

Let use some plain old logic here, Folks. If the MO of Management were to fold their tent, why would they be spending all this time, money, legal, accounting, & filing expenses to keep the company compliant with the Regs. Just to keep the ball rolling and the toxic sales going? I think not! Makes no sense to have that exposure...

I will explain why.
They need time to set up the Fan Pass shell, register it, and issue the shares to their toxic lenders, management/insiders, and 51% to FDBL holders.

Remember, right now you own 100% of Fan Pass.
When this occurs, your ownership will be cut in half, but that's another story.

They will almost certainly issue you fractional shares. If you own 1,000,000 shares, you may be 100 or 1,000 in the new entity. The point is to prop up the price, and reduce the shares outstanding (effectively a reverse split) so they can issue more toxic converts. The price will plummet -- it's systemic -- built in -- but it's the only way they print more stock to get more cash to pay for their lifestyle.

Ultimately, they will let FDBL die. It's beyond salvage at this point. Not sure even a reverse split can save it. Maybe they'll have the new entity acquire it for nearly nothing. Or they'll BK it. Or they'll just let it die and stop filing financials.