Replies to post #18132 on DD Support Board and Research Team

[nodummy]

FBCD - list of misleading statements made by the CEO (I'm sure there are many others, but these are the ones I recall off of the top of my head)


Misleading statements put in SEC filings:

#1) We are not a shell company

No full time employees, no assets, no revenues, no business operations = Shell

#2) We own the copyright of all of the contents of our websites, www.beveryhillschoppers.com, and www.jfsc.tv

The acquistions never closed and were eventually canceled therefore FBCD never owned the contents of those websites

#3) We acquired all of the assets of Super Rad Corporation on August 11, 2010

The acquisition has yet to close

#4) Series A Preferred shares designated - 2,500,000

There are no Series A preferred shares designated to date

#5) The Company approved the surrender, conversion and exchange of certain Senior Secured Convertible Debentures with a principal amount of $1,562,500 held by Enable Growth Partners, LP, Enable Opportunity Partners, LP, and Pierce Diversified Strategies Series ENA. As a result of the conversion of the Debentures into Preferred Shares, the Shareholders were issued 2,500,000 Preferred Shares

The preferred shares do not yet exist so they could not have been issued

#6) 146,011,638 outstanding shares as of April 30, 2011, 108,511,638 outstanding shares as of June 22, 2011

Which is it? The last 10Q does not list the cancellation of any common shares between April 30th and June 22nd.


A break down on some of these issues:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68248902



Misleading statements put in the press releases:

#1) I believe our calendar year end revenues to be a few hundred thousand dollars, with a very big 2011 on the horizon (9/29/10)

Actual revenues for the fiscal year ending July 31, 2010 was $0. So far total revenues for 2011 have been $0.

#2) We estimate on a conservative basis that the Fiscal year revenues to be approximately 8 million, with a gross margin of approximately 52% (9/29/10)

Again so far $0 in revenues

#3) Super Rad Toys Opens Its First Retail Store (5/02/11)

Not only does Super Rad Toys not belong to FBCD as of today, no store was ever opened

#4) Super Rad Toys Launches The Plastic Stock Exchange (6/01/11)

The Plastic Stock Exchange still hasn't been launched to date

#5) FBC Holdings and Super Rad Complete Merger (7/06/11)

The "merger" is still not complete and is actually much further from completion now than it was several months ago when LeClerc first lied in a 10Q back in August of 2010 saying that the acquisition was complete

#6) Every press release that refers to Super Rad Toys license agreements and operations belonging to FBCD

To date the acquisition has not been completed thus FBCD currently owns none of Super Rad Toy's license agreements or operations


Misleading statements made in the June conference call

#1) The completion of the merger is just waiting on the attorney who just returned from some family obligation

And here we are 5 months later and it still isn't complete



Breakdown of the latest Super Rad Toy asset purchase agreement:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65128493

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67809084

[Crazy Money]

He has been posting since this post ;-)

some people even want to make it as sticky ;-) lolzzz

CarloRoberts

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Tuesday, November 15, 2011 9:39:27 PM
Re: PLAYER ONE post# 18130
Post # of 18141
The CEO is not the brightest of bulbs,
but I doubt he posted on the FBCD board.
He's not that stupid.
Not the first time counsel has been blamed for
company mistakes though. His excuses for delays and
errors are numerous and creative.
The CEO post was most probably a desperate stockholder,
and perhaps one who reports me daily to Administration
for not being a compliant Asst. Mod.
Of course I could be wrong but I doubt it.