I was a FBCE investor during the fiber optics ‘bubble’ in the late 1990’s and early 2000’s. Made some good money then. With the industry downturn, FBCE started to slip. I averaged down, but the company finally went under. Since then, I've been waiting and accumulating anticipating ( hoping ) for a reverse merger. Along the way, I learned that Mark Smith had purchased the shell and that he has actually sold it. Since he has a history of arranging R/M, I have recently added significantly to my holdings. FBCE has a rather low O/S. With ANY NEWS, it should run well simply because of this. However, we are playing in pennyland so anything is possible. High risk, but IMO, the upside here is well worth it.
As for a shell company, In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The transaction can be accomplished within weeks. If the shell is an SEC-registered company ( FBCE is ), the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company.
My current cost average is about .005. I have no idea how high it could go with a run, but have seen it at .012 with no news in the past year. I would think anything is possible and the sky is the limit. Good Luck!
Hope this helps.
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