I think this will continue on. Remember the movie "The Company You Keep? Appropos of this situation, investors are being phased out. Private capital is the new wave for startups. Should be interesting to see what the future holds for FAB. Only problem with bond was the non disclosure. Otherwise it would have passed unnoticed. Heck, the interest rate was around 11%, pretty good rate. Problem: stock goes to zero, how is co. still holding assets? A minor situation in lawless China. What was the total loss for shareholders? That amount is just a tiny blip on the radar.
IBCB, it appears that thuggish behavior is going on with FAB. Shareholders are being thrown under the train, not because this co. Is doing poorly, but more likely to engineer a coup of sorts wherein the private interests regain sole interest. In this case going to the grays is just part of the plan and Spencer and friends are there for the grab. There will be a future FAB, bigger than ever, but private, at least for a while. Don't know why FAB wanted Wizard, but they got in cheap, took us for a ride, and watched in awe and glee.
Got that SEC number?
Ill do it if you will.
Suggested alternative: Special dividend for shareholders of record before the suspension. Lets get more input on what could happen.
I doubt that a China owned co. could be made to do anything, but its worth a try.
thanks for your suggestions. I am not discounting them at all.
Understood, but the stated goals not so long ago to build a media empire is still valid, there are US offices being leased and Jimmy Rogers guiding the motorcycle parade. Are they really buying what they say they are? Further, is the chinese government looking to have all this fallout in addition to the various messes in that country? Lots of questions, few concrete answers.
If anyone out there can answer this, we would like to know. Refer also to the 9/02/13 shareholder report detailing FAB's worldwide asperations. It's a big world out there, only trouble is FABU shareholders are not going to share in the profits. How can that be, and why aren't we given better information? China is in a mess, BTW, probably in on the con going on, along with US officers. Don't agree? We would like to hear your thoughts!
Why don't you move on? Did you even bother Qdog to read the Sept. 2 2013 report put out by FAB? This co. Still has huge aspirations, but not with shareholders of record. Why don't you move on-- it might get hot around here. Who are you reporting to? We want to know.
For more than 40 years, Jimmy Rodgers has been pumping China as the next miracle. He even lives there, in Shanghai. Says its the best since sliced bread. Better even, if you believe ol' blue eyed Southern Jimmy. Ol' Jimbo is a friend of Ol' George Soros, of the New World Order fame. So it appears that a future media giant hopeful (FABU), is not being designed to benefit American shareholders. Why that wouldn't be in keeping with the philosophy of no borders, language or culture, which is why we are in the current predicament with ineffective American management and no government oversight anywhere on the globe, at least where it concerns a certain media company. And what of the global plans? We shareholders can't have any of that either. So how will this play out, a media hopeful with giant asperations globally, but no tolerance for stockholders, except those on the inside. Think I'm wrong? Keep your eyes on the ball. It's new world order time.
This company, Fab Universal, is wildly out of control, deceitful and capricious. At the very least, the CEO and CFO need to vanish. The are both doing absolutely zippo to end this charade, AND their original co., Wizard, was worth something. Why would a company looking like it's about to die broke suddenly comitt to an 85 MILLION dollar deal? Clearly Zhongo is planning a major heist, with government support. You didn't really believe that the government in China is in any way honest, did you? They exploit their own first. If this isn't an SEC matter, what is?
Your thoughts please, keep it decent.
Qdog ol pal, with a brain such as yours, imagine what could happen if you tried to do good. We might even learn something beneficial.
Thanks for the fine points made in your rejoinder. Company officers were engaged in aggressive selling for many months. If guilty of insider illegal trading, they should be punished.
Yes, mgmt. IS incompetent, that is why they got thrown off the NYSE. They had the opportunity to make much more $, they stole the easy way out. Fire and arrest the CEO, fatso the bartender.
Why pay for content now when they let pirated content on before? Is this a perfumed rat?