Replies to post #56032 on Friendable Inc (FDBL)

[crazyjogger925]

imagine the 60k rent money could have been used to add an employee or two to build user growth.i checked the fins before 2016 and they still took in $1.2 or $1.3 million from financing.imo


"During the year ended December 31, 2016, the Company incurred $492,487, $475,000 and $60,000 (2015: $379,420, $188,500 and $60,000) in app hosting, app development, and rent, respectively to a company with two officers and directors in common with such costs being recorded as app hosting, product development and general and administrative expenses, respectively."

[Tadaaa]

Notice the hosting and development costs etc, who got paid, what does it say ??

Also to note, that private Company owns the technology !!