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NicPlatoNic

06/20/11 6:54 PM

#11720 RE: nodummy #11718

I appreciate all your thoughts and (qualified) counsel. Really an above-and-beyond reply. Thank you much!

One thing I didn't understand in your reply though was the hypothesis that "Richlin" might be upset with the deal not having consummated yet.

How could that be? Richlin is the one with the company, money, product, assets, employees, sales, etc. He's in the diver's seat isn't he? IF he really wanted to, he could lower the fee that LC needs to come up with and seal the deal tomorrow, no? (I.e. assuming that LC's cash problem is preventing the deal.)

So I didn't understand your entertaining that hypothesis.

kennypooh

06/20/11 8:15 PM

#11725 RE: nodummy #11718

I've even heard some pretty strong rumors about FBCD paying some message board posters to pump the stock.

January 2011

FBC Holdings Inc. (FBCD)
- Obsidian Financial Consultants Inc. (OFC) has been compensated three million (3,000,000) shares for a one month marketing / awareness campaign, by a third party for FBC Holdings Inc. (FBCD). OFC has purchased an additional twenty five thousand (25,000) shares in the open market. OFC intends to sell its shares.
http://ofinancialinc.com/disclaimer

Making things up about future value and cloaking them as opinions on message boards has become a big part of 'awareness campaigns'....and is simply lying to investors in many cases. That's fraud and illegal. Apparently the SEC has finally decided to halt these illegal activities through the use of trading suspensions.

The DTC has also just made the 17 suspended by the SEC 2 weeks ago 'trade for trade'.

http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/A7226.pdf

loanranger

06/21/11 3:47 AM

#11754 RE: nodummy #11718

"The last 10Q does say that Super Rad Corp received their 12,500,000 shares for and in consideration of their assets. That could mean that they get to keep those shares whether the agreement closes or not. "

Interesting.
Maybe something similar occurred when WAVU/FBCD bought/pretended to buy FBC, paying 8,000,000 shares but issuing 14million+ for the company and "consulting". When the deal fell through only 8,000,000 were reportedly returned.

common_cents

06/21/11 7:42 AM

#11756 RE: nodummy #11718

HI Nodummy- hope all is well. Take a look at IWEB. Market cap over $40 MM, millions of dollars in debt, under 50 K cash according to last 10 Q, never made money, still losing money hand over fist every quarter. Look at all the paid promoters from yesterday.

Not saying they might NOT eventually have a good product, but look at the balance sheet and income statement and tell me how this can trade with a $40 MM market cap???