My takeaway from reading all the SEC filings, shows FBEC was in financial trouble, with almost 8 million in debt. They were taking multiple loans to stay afloat, namely Power Up Lending Group, L2 Capital, LLC, Beaufort Capital, eventually defaulting and ending up in litigation with Power Up. In an 8-K filing, L2 Capital, LLC, and FBEC made a deal, where L2 Capital would acquire 9.99% of the company. Then, a year and a half later, FBEC filed Termination of Registration.
Fast forward to January 2022, L2 Capital files a 13-G, disclosing 357,880,151 shares, at 9.99% ownership. Also, since the 13-G was filed, 418,539,002 shares have been traded, Although, Expert Market are the only ones which can participate.
So, the only thing I can extrapolate, without further information is, FBEC is not dead.
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