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FAB Universal Corp. Common Stoc Message Board

  • joebigbuck joebigbuck Dec 18, 2013 4:43 AM Flag

    Kiosks argument.....

    So it goes like this: FAB selects the location and maintain the Kiosks, even though they are sold be a third party. Shorts love to quote the part of the 10K that references this. They then go on to state FAB must be covering up nonexistent Kiosks, otherwise where are they? FAB must know, they pick the location.
    Of course what they don't tell you is 10K of those 16K were in place before FAB Universal even existed. FAB Digitial had been selling Kiosks in China since 2008, and all we know about those Kiosks so far is this:
    "The Media Kiosk technology is a proprietary platform with SEVEN types of digital media kiosks. In addition to expansion through the sale of franchises and membership cards, FAB was recently chosen to develop and deploy specialized Intelligent Media Kiosks to create Wisdom City, the model for future intelligent urban design. This will include Media Kiosks for Healthcare, Community Service, Commercial Super Chains and Libraries. The combination of entertainment and digital media does represent an “iTunes in a Box” model for media distribution to mobile devices." So where are the old ones, the ones generated before the acquision? Well, isn't it possbile those locations were not hand selected by FAB but by the licensee? So where did they put them and why isn't the list out yet? Well, just maybe there was no list, and since FAB stated they were only 75% through reviewing the licenses maybe that's how far they are in determining locations. In any event, thowing out agreements made after most of the Kiosks were already deployed and using that as proof FAB should know instantaniously each and every Kiosks location is faulty logic. So should FAB put out the locations of the 4K in Beijing since management stated they are all deployed? Or wait until all the Kiosks locations can be revealed? My guess is all will be released with one annoucement. But quoting a one year old agreement to question 5 year old sales is just one more faulty short angle.

    Sentiment: Hold

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