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FAB Universal Corp. Common Stoc Message Board

  • running2fall running2fall Aug 14, 2014 5:58 PM Flag

    Where's all the selling??

    Barely 3 million shares have traded..
    3 million shares short had to cover..
    Institutions had 3 million shares..
    And there's roughly 20 million shares outstanding ..

    $98 million cash in the bank verified and fighting to stay listed on the NYSE ..
    This story is far from over..

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    • =$98 million cash in the bank verified

      Why do you guys keep lying and say there is verified cash in the bank? Friedman was fired because they requested to verify the cash and nobody has verified it since. What you have is UNAUDITED financials for Q1 and Q2. Just look at the first page:

      "The Unaudited Condensed Consolidated Financial Statements of FAB Universal Corp., a Colorado corporation ( the “Company,” “we,” “our,” “us” and words of similar import), required to be filed with this 10-Q Quarterly Report were prepared by management and commence on the following page, together with related notes. In the opinion of management, the Unaudited Condensed Consolidated Financial Statements fairly present the financial condition of the Company."

      IN THE OPINION OF MANAGEMENT and not verified by any accountant. Even the FTI report only talked about cash as of December 31, 2013 which is BEFORE they were hired. I take that back... that is the only date that FAB has disclosed. I can pretty much guarantee you that Loeb & Loeb or FTI did branch confirmations after they were hired and it is telling that FAB could not reveal what those showed and had to go back to a date before they were hired where they just read the number off of a statement.

      Let's go back to Membership revenue and Advertising revenue. Just who do you think is paying for those membership cards and advertising on kiosks that are nonoperational? Before you claim memberships include anything else... here is the FAB definition:

      "FAB Membership – Beijing Only"

      Once again... $2.7M in Q1 and $2M in Q2 for Membership sales? NO WAY!

 
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