{"id":8154,"date":"2016-06-27T00:02:07","date_gmt":"2016-06-27T00:02:07","guid":{"rendered":"\/?p=8154"},"modified":"2016-06-27T00:15:07","modified_gmt":"2016-06-27T00:15:07","slug":"friendable-inc-otcmktsfdbl-issues-even-more-convertibles","status":"publish","type":"post","link":"\/articles\/friendable-inc-otcmktsfdbl-issues-even-more-convertibles\/","title":{"rendered":"Friendable Inc. (OTCMKTS:FDBL) Issues Even More Convertibles"},"content":{"rendered":"\n

You know how we always warn investors to keep an eye out for convertible debt, because the issuance of cheap stock threatens investor value? Well, Friendable Inc. (OTCMKTS:FDBL<\/a>) just issued another one of those damnable notes. <\/p>\n

It seems like FDBL<\/a>‘s <\/strong>management is content with playing the same old drama over and over again. A little over a month ago, it printed a particularly nasty convertible note, which had the provision to transform from $61 thousand worth of debt into stock at a rate of “50% of the lowest closing bid price (subject to a $0.004 ceiling price) for the common stock during the twenty (20) consecutive trading days immediately preceding the conversion date<\/em>”.<\/p>\n

Yesterday, it became clear that the company has printed another, essentially identical note for another $50 thousand, only this one also included the provision that the holder can’t beneficially own more than 9.9% of FDBL<\/a>‘s <\/strong>common stock outstanding.<\/p>\n

Investors should really pay attention to such documents, as they are an important indicator of exactly what kind of company FDBL<\/a> <\/strong>is, as well as what sort of pitfalls one needs to watch out for when committing to FDBL<\/a> <\/strong>stock.<\/p>\n

Because, while it is true that celebrity endorsement keeps raining down on FDBL<\/a> <\/strong>in recent days, there is currently no real way to know what effect that sort of thing has on the company’s actual financial standing.<\/p>\n

True, receiving product placement in a Fifth Harmony Music Video can’t be bad for business – but is it a good enough turn of events, as far as investor value is concerned, to balance out all the company’s current dubious activities?<\/p>\n

As usual, it is up to investors to decide that on their own, and as usual we urge investors to be cautious and diligent when making that decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

You know how we always warn investors to keep an eye out for convertible debt, because the issuance of cheap stock threatens investor value? Well, Friendable Inc. (OTCMKTS:FDBL) just issued another one of those...<\/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-8154","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\/8154","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=8154"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8154\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}