{"id":7850,"date":"2016-05-12T13:02:04","date_gmt":"2016-05-12T13:02:04","guid":{"rendered":"\/?p=7850"},"modified":"2016-05-12T13:15:06","modified_gmt":"2016-05-12T13:15:06","slug":"friendable-inc-otcmktsfdbl-is-already-stumbling","status":"publish","type":"post","link":"\/articles\/friendable-inc-otcmktsfdbl-is-already-stumbling\/","title":{"rendered":"Friendable Inc. (OTCMKTS:FDBL) Is Already Stumbling"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93530\/sc.png\" border=\"0\" width=\"433\" height=\"193\" \/>It seems that, in spite of being an impressive piece of work, Jennifer Lopez&#8217;s music video that afforded Friendable Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a>) some much needed exposure did not manage to push the ticker up for very long. <\/p>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a>&#8216;s <\/strong>green opening looked pretty promising in yesterday&#8217;s session, but that was not to last. Just minutes after trading began, the ticker was plummeting, and no amount of struggling could help it regain its elevated chart position &ndash; and that was to be expected. Why?<\/p>\n<p>Well, the exposure afforded by them more than 15 million views on the above mentioned music video is all well and good, but it&#8217;s not like it magically made all of the pitfalls threatening <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>investor value disappear overnight.<\/p>\n<p>No, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>still has very real shortcomings that pose a very real threat to any investment in its stock.<\/p>\n<p>One look at the numbers in the company&#8217;s latest financial report should be sufficient for investors to get at least some idea about <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a>&#8216;s <\/strong>financial situation and actual achievements to date:<\/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>Saying that those numbers are underwhelming is, in and of itself, something of an understatement. Investors really need to take that into account.<\/p>\n<p>And while thinking on that fact, they should probably also take note of the company&#8217;s tendency towards toxic dilution. Because last time we checked, there was still $500 thousand worth of debt that could be converted into shares of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>common stock at discounts of 50% of the lowest sale price 15 to 25 days before conversion.<\/p>\n<p>So in the end, what information do we have on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a><\/strong>? Its achievements to date are unimpressive. It is burdened with toxic debt. It only manages to rise on surges of hype &ndash; and as we know, those tend not to last.<\/p>\n<p><img decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93530\/vzxcvzx.png\" border=\"0\" \/>So far, we have three separate possible reasons for the ticker&#8217;s crash, and there are plenty more where those came from. We wholeheartedly encourage to check them all out for themselves and then keep them in mind when dealing with <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FDBL\">FDBL<\/a> <\/strong>stock.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems that, in spite of being an impressive piece of work, Jennifer Lopez&#8217;s music video that afforded Friendable Inc. (OTCMKTS:FDBL) some much needed exposure did not manage to push the ticker up for&#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-7850","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\/7850","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=7850"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7850\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}