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FAB Universal Corp. Common Stoc Message Board

  • stack.klac stack.klac Jan 25, 2014 4:30 PM Flag

    looks like their restated numbers from the 10Q/A

    are spot on

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    • Looks like they know Rogers even in China:

      "FAB hosted the fourth International Digital Culture Industry Investment and Finance Summit on May 19 th and 20 th , 2013. Our newest board member’s (Mr. Rogers’) involvement in the Company’s future business plan and speech at the Summit helped to boost investor interest in the 5C Kiosks and other business plans. As a result, 5C single kiosk licensees increased significantly. In May 2013, 1,237 5C single license agreements were signed while the previous monthly number was approximately 500 agreements."

      It's interesting FAB is not pulling back from their posted Kiosk number of about 2500 from just last quarter.
      Compare this to Carnes contention that the total 5 year number is about 20% of what FAB just reported for only one quarter.

      Now that the restatements are done my guess is the NYSE will let them open for trading. Hard not to do since their financials are completely up to date. I'm hoping the NYSE pushed for and receives an independent verification of the cash before it does open, though. Something ABAT's founder would not allow (and for good reason, it's not there). In any event there should be some kind of update soon from FAB.

      Sentiment: Hold


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