{"id":7800,"date":"2016-05-02T00:02:07","date_gmt":"2016-05-02T00:02:07","guid":{"rendered":"\/?p=7800"},"modified":"2016-05-02T00:14:44","modified_gmt":"2016-05-02T00:14:44","slug":"friendable-inc-otcmktsfdbl-gets-its-teeth-kicked-in","status":"publish","type":"post","link":"\/articles\/friendable-inc-otcmktsfdbl-gets-its-teeth-kicked-in\/","title":{"rendered":"Friendable Inc. (OTCMKTS:FDBL) Gets Its Teeth Kicked In"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93470\/sc.png\" border=\"0\" width=\"440\" height=\"196\" \/>It took Friendable Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a>) a boastful PR and a couple of paid pumps to finally attract the investors&rsquo; attention, but it was obvious that the ticker&rsquo;s jump would not last &ndash; and, true to form, it didn&rsquo;t. <\/p>\n<p>And, frankly, how could it have lasted? All possible due diligence points to the conclusion that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>is just a dubious OTC Markets underachiever. Its commercial results to date are laughable, and its overall financial state is a sad, sad sight, with its latest financial report looking like:<\/p>\n<ul>\n<li>Cash &#8211; $15 thousand<\/li>\n<li>Total current assets &#8211; $222 thousand<\/li>\n<li>Total current liabilities &#8211; $1.7 MILLION<\/li>\n<li>Annual revenues &#8211; $151 thousand<\/li>\n<li>Annual net loss &ndash; $3.2 MILLION<\/li>\n<\/ul>\n<p>Add the fact that the company&rsquo;s announcements, no matter how boastful, completely crumple under any sort of scrutiny, and it should be more than obvious why <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>failed to retain its gains.<\/p>\n<p>Then there&rsquo;s the issue of nearly the half a million dollars the company has in the form of notes issued and outstanding. Most of those notes can be converted into shares of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>common stock at rate of 50% of the lowest sale price 15 to 25 days prior to the conversion date.<\/p>\n<p>This scrap of information should tell investors pretty much all they need to know about the way <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>does business. As usual, due diligence are advised when dealing with suspicious OTC Markets pinksheets penny stocks &ndash; and <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>seems to fit that description rather well.<\/p>\n<p><img decoding=\"async\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93470\/vxzvxzv.png\" border=\"0\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It took Friendable Inc. (OTCMKTS:FDBL) a boastful PR and a couple of paid pumps to finally attract the investors&rsquo; attention, but it was obvious that the ticker&rsquo;s jump would not last &ndash; and, true&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1974],"class_list":["post-7800","post","type-post","status-publish","format-standard","hentry","category-news","tag-fdbl"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7800"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7800\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}