FBEC Worldwide Inc (CE) (FBEC) News

When It's ready!

Question is when....?

Waiting.... Begin to be impatient now....

FBEC Bullish!!!

FBEC Bullish!!!

I'm the one that moved the bid....0001 won't bite. I'll leave a portion .0002 until the rocket takes off

bid moved up
bid 5,000,000 @ .0002 ask 2,010,000 @ .0005

interactive brokers shows the bid and ask even on expert market

Where do you see that? I don't see that on Yahoo.

bid 18,825,000 @ .0001 ask 3,131,300 @.0005

It’s a wait and see on $Fbec and $rdar
Market is not good right now with the uncertainty

Thanks for the clarifications!

Authorized Shares are the total number of shares able to be issued by the company, Outstanding Shares are the shares actually issued of the Authorized amount, and Float is number of Outstanding Shares available to be traded on open market. So, if a company has a limit of 3mil AS, they can issue 2mil for example (OS), 1mil of the two million OS could be restricted and the other 1 mill sold into the market. That would mean there is 1mil floating around being traded, 1 million restricted but issued, and 1 mill shares left of AS to be issued if need be. 1mill left of total 3mil AS to be issued, and 2mill of AS already issued is the OS. No, the RTO is not done. RTO is acquisition+reverse merger. Acquisition closed Sept 2023, RM has not yet occurred.

Okay, i see the 1.7B shares cancelled as apart of the agreement. No disclosures since Sept 30th and thats when the agreement was to be finalized. So, no longer in the hands of the dilution guys. Maybe RDAR is not bad after all. Thanks.

Didn't they complete the RTO last year, at least in terms of the process? What's the reason for them not filing the Articles of Merger just yet?

You have to dig deeper$RDAR IS the old company. They had a Rm and are in the process of auditing filings.
The company is called Mexedia which changed to televantis they have not changed names

With a $300M+ revenue base and expanding enterprise partnerships, Telvantis is
scaling its CPaaS platform, optimizing carrier services, and investing in AI-driven
security solutions to unlock new growth markets

https://telvantis.com/press-releases/?fbclid=IwY2xjawI_4fJleHRuA2FlbQIxMQABHem6kbqeenjmNFGrF9I1ViC16MkFjnRncHEnUXPRkjEnhjqELoDgy58Bqw_aem_p9JBuNCfaXWWnduoeXYd7A

https://mexedia.com/en/download/consolidated-financial-report-as-at-31-december-2023/?wpdmdl=8876&refresh=67ac845d943211739359325

I’m not saying you’re wrong about FBEC but all they would have to do because on the pink sheets is put out a change in control form first and when ready later drop the audited.

They don’t have to mix shares till the audit and make it official. They just have to get a market maker And a 211 form I think

The old RDAR CEO is gone

What's AS (Authorized Shares, but how are they different from just public shares)?

Legal name changes are done at state level and have nothing to with FINRA, but a request for ticker change is overssen by FINRA. FINRA ensures there isn't a conflict, like symbol being taken by another company for instance, and once cleared they coordinate with broker-dealers to update systems so new ticker is reflected consistently throughout. Company can initiate ticker symbol change with individual action, or during the Form 211 process through a MM to FINRA.

Wouldn't they have to file a name change with FINRA? 

$323 million in revenue piqued my interest, so I pulled the financials. Not sure if you are reading the financial disclosures of the companies you invest in, but RDAR does not have $323 million in revenue. Their net revenue in the nine months prior to Sept 30th 2024 they only brought in $16,074, while paying their executives $135,000 and spending $277,051 in General and Administrative expenses (page 33). They only have 12 employees and their financials explicitly state they rent everything on page 25 and page 26, and this is copy and pasted: "We own no real property". You can find that short sentence at top of page 26, right above the chapter "6) Officers, Directors, and Control Persons". In order to take investor money and put it in their pocket, they are giving out horrible funding deals to dilute shareholders very badly, here is copy and pasted from page 43: "During the six months ended June 30, 2024, the Company entered into two convertible notes payable totaling
$21,250, receiving proceeds of $21,250. The terms of the notes are for six months, interest at 20% and conversion
prices with discounts of up to 65% of the average lowest bid prices in the ten days prior to conversion". 65% discount!!!! Holy shit. Then there is this disclosure by the company copy and pasted from page 36: "As shown in the accompanying financial statements, as of September 30, 2024, the Company had cash on hand of $126 and working capital deficit of $4,117,161. During the nine months ended September 30, 2024, the net
income was $5,809,036 of which $5,460,066 was from the gain from write off of debt and a gain $1,683,018 was
from the change in derivative liabilities and net cash used in operating activities was $180,648". So, they only had $126 in the bank, and the only (fake) profit they made was from writing off debt, and there are no financial numbers in the tens of millions let alone above $300 million. This is a textbook dilution scam. So, theres a lot more differences between this and Hahalolo. Hahalolo has over 600 employees, compared to RDAR's 12 employees. Hahalolo owns the real property they operate out of, RDAR owns no real property. Hahalolo has purported revenues (as of 2020 or so) of $300million+ compared to RDAR net revenue of $16,074. The list goes on. Here is the link to most recent RDAR financials where I copy and pasted all of the above from: https://www.otcmarkets.com/otcapi/company/financial-report/420298/content

We do know what is going to happen here. This is a Reverse Takeover IPO. Reverse Takeovers typically result in a ratio of around 90/10, 90% equity goes to shareholders of the operational company, and 10% equity is allocated to the shareholders of the non-operational shell. Incoming private company always gets an equity ownership range of 80-95% of total combined equity. Because there are only 7billion Authorized Shares in FBEC corporate charter, and about 5.8Billion are already issued (Outstanding Shares), it will be impossible to establish the correct ratio (anywhere from 95-5 to 80/20, but 90/10 is typical) without raising the AS limit, or doing a Reverse Split, because there are only about 1.2Billion shares left in the AS. FBEC has to make room in its share structure to allow for the new company and its shareholders to come into the deal, or else there will be no deal. This is why when FBEC first went current in June 2023 the Company profile was updated to say "FBEC is restructuring...seeking operating partner...etc" Nothing about this deal is hidden except for the incoming financials and what the exact ratio of ownership will be where incoming company shareholders equity and the pre-existing shell shareholders equity is concerned. Once we are trading and hold above .01/share, we will be eligible for OTCQB because the company has at least 50 (52 or 54 to be exact, gotta check) beneficial shareholders, QX requires 100 so we will not be eligible for QX.

Yes, Articles of Merger get filed with the State Sec of State office. Currently, Hahalolo private company incorporations are located in many states, but the public shell they are combining their business entities into is located in Wyoming (FBEC). That would effectively complete the RTO. Once Articles of Merger are filed, Hahalolo will file corporate dissolutions in the states with standalone corporations because they will effectively all be operational under the shell corporation domiciled in Wyoming (FBEC). After which, the company files with OTCmarkets/SEC and updates the public listing to reflect the new combined entity with Super 8K (a Form 8K filing accompanied by a SEC Form 10) and audited financials to represented new combined entity. Profile gets verified, we go current an begin trading as anew combined company under the pre-existing FBEC corporate structure.

Nobody knows what’s gonna happen here. I know of another OTC stock whose share structure is bigger and has revenue coming in of 323 million and they’ve put out two PR’s saying that they are not going to reverse split and they will be up listing to a bigger exchange. $RDAR
They haven’t divulged how they will do that yet. The difference between them and FBEC is FBEC doesn’t have any debt on the books. It appears whereas the other one there was a lot of dilution for a while to pay off note holders. All still up in the air here

By Articles of Merger filed, did you mean the RTO? If not, then what are you referring to?

We havent seen anything with Wyoming because one of the next things we will see is an Articles of Merger filed, and an update to the charter increasing Authorized shares to at least 58 billion, unless they do a reverse split of at least 10 for 1 instead. No sense paying to have the shell current when its no longer going to be a shell once merger is done. They likely waiting to just pay once for newly combined entities

Yes I think we we see Wyoming go current it’s game on

That's why we're all here twiddling our thumbs on the expert market. As Scottie said earlier. Once something is updated there, next stop is OTC markets update and off we go, but until then...

I check it a couple times a day.

It is inactive and dissolved since last year.

https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=125213145172114005083111094207219132082206078125

Anyway to see if they pay their tax bill?

They filed for the name change to HAHALOLO with Wyoming 03/26/2024
Hopefully this March around the same time they make their move

They have to get current and pay their tax bill with Wyoming first before anything, when you see that occur an OTC filing may be on the way

Once they are current, and RTO is completed, its a minimum of three days for a ticker change to occur. They cannot request to change ticker until RTO is completed and they go current. They can file request same day electronically, exchange has to review it and approve it, then its as little as 1-5 days after approval for the ticker change to take effect. So, minimum of 3 days and up to a couple weeks in case of any delay in approval with the exchange. So, no, it is not automatic. New ticker will be HHLL. Yes, we are hoping for filings by April 15th, but there is no timeframe as they are not required to file anything until they complete the RTO. Once RTO is complete, filings must occur, Super 8K within 4 days of consummation of RTO, audited fins come with it.

Assuming they file current, the change will be automatic.

Great info! So will our stocks be changed from FBEC to the new ticker symbol automatically, I presume?

On 03/26/2024, according to Secretary Of State Wyoming, a name change was filed from: FBEC Worldwide, Inc. to: HAHALOLO of USA Social Network and Travel, Inc. Therefore, when HAHALOLO files current, FBEC will cease to exist. We will have to wait, and see what the new ticker will be. Although, I have seen HHLL.

So after the audit, presuming around April, they'll start trading on the OTC? What about ticket symbol? Still FBEC or HHLL?

They will probably trade on the OTC (Over The Counter), then up-list to the NASDAQ 2025-2026.

So after the 3 months, say after March/April, what will happen next? Thanks in advance!

Trying to get some clarification, so they're aiming for the end of this year (2025)? But from another post, they're in the processing of auditing their 4th Quarter 2024, how is that related to the end of the year date? Thanks in advance!

I agree. FBEC Bullish.

Any day now imho. Best of luck to everyone 

From what I understand, They are in the process of auditing their 4th Quarter 2024, which takes between 1 to 3 months. Now, we are about midway through the third month. I have patience. I am not selling a single share, until the stock price moves, perhaps $50.00 dollars per share. FBEC Bullish.

Yes, December was the original goal, more specifically they were shooting for 12/12/2025 the 3-year anniversary for their Global HQ building in Orlando. They cannot meet that now unless they manage to get an investment bank to buy an entire issuance of new shares for $40 million. But, that would bypass OTC listing altogether and take us straight to Nasdaq uplist. Nasdaq is not possible until 2026 now due to 12-month seasoning period required by Nasdaq Rule 5110(c).

Oh? Did they say when (which month)?

No, they stated, they were going to uplist to the NASDAQ in 2025.

But that happened almost a year ago. They were supposed to do something on the Nasdaq late last year, but here we are almost the 2nd quarter. Any other news if they're closer to trading on the Nasdaq?

Good morning. Something positive did happen. Hahalolo took a shell company (FBEC), and initiated a RTO (Reverse Take Over). Now, we are waiting for the Reverse Merger to consummate.

I would like to see something positive happen soon I've been holding on to this stock for years. I still believe in it.