Replies to post #50778 on Friendable Inc (FDBL)

[crazyjogger925]

iam seeing scottrade 51 million shares traded but also seeing bids not being filled.shares are going elsewhere.imo

[rut2k9]

it's accelerating, because the stock has caught up.

What I mean is that the converts are priced at a discount to the average price on a trailing basis. The stock fell so far so quickly that the average was actually higher than the share price, so converts had to sit idly waiting.

Now, we've been sitting at effectively $0.0001 for enough days that it is the new average, so they can go back to converting their shares at a discount to that price and immediately selling. It's built-in profit -- a bird in the hand -- and there is a LOT more where that came from.

I think you'll see the selling accelerate from here. It's a mountain on top of this stock preventing any upward movement no matter what news is announced or how many shares the handful of individuals still believing buy.