There is likely to be a trading version of a food fight this week on the level screen of the penny stock of Foodfest International 2000 Inc (FDFT). Having virtually noting to do with food whatsoever anymore, FDFT stock debuted Friday without publicly mentioning how their wholly-owned subsidiary, Restore Force, can basically reconstruct your damaged home. Sparing no time to capitalize on the water damage Florida sustained around 4th of July week, the threat of FEMA money could send the half a billion share float into a frenzy until someone sticks something into the mashed potatoes.
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FDFT Stock Quote
Market Cap: 29.11M
Friday Close: 0.05 ▼ -0.01 (-16.67%)
Dollar Volume: $2,625
Issued and Outstanding: 477,248,239
14-Day Rel Strength: N/A
1st Resistance Point: 0.06
1st Support Level: 0.03
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If you live in Florida, you know that once or twice each decade you’re bound to have some sort of damage occur from a sever weather system that rocks its way through the Sunshine State. Although more people sustain injuries preparing their homes for an oncoming hurricane than do from the hurricane itself, even the solid, crawl-space lifted homes that were built in the 50’s have roofs which sometimes succumb to Mother Nature’s fury.
Based where the homes are built like matchboxes for the most part, FoodFest International 200’s Restore Force stakes its claim on being available 24 hours a day, 7 days a week, 365 days a year to rush to any damaged property in need of, but are not limited to, water damage restoration, mold remediation, fire and odor restoration, and full re-construction. Unfortunately, since Restore Force only recently became the main business entity of FoodFest, effective May 31, 2013, financial data is somewhat limited.
What isn’t limited was the Company’s willingness to disclose how cheap some owners of FDFT stock are in. We know that 75 million shares of FDFT stock was issued in 3 separate private transactions after April 30, 2013 that were in connection with partial conversions of an amended promissory notes. For cancelling $3,750 of the existing debt, shares of FDFT stock are out there with a cost basis of just $.00005 per share.
In May 2013, 26,000,000 shares of FDFT stock were sold to “an unaffiliated third party” for $52,500, in cash, $0.0021 per share. As if that wasn’t enough, an additional 26,000,000 shares was sold to “an unaffiliated third party” for another $52,500 in cash, pursuant to a subscription agreement.
From the looks of the Company’s last financial filings with OTCMarkets, they are able to feast on the hog whether or not FDFT trades or not as long as they can keep selling of 26 million shares for $52,500 in cash. But if those 75 million and the 2 26 million share issuances ever have a chance of getting converted from a bag to a bag of groceries, some insane volume is going to have to occur and it won’t be happening above 0.01.
About FDFT Stock
FoodFest International 2000, Inc., d/b/a Restore Force, serves Palm Beach County, Florida, with its damage restoration services, including water damage restoration, mold remediation and fire damage restoration.
FDFT Trading History:
Shares of FDFT stock are going to flood the OTC market at the bell, many of which are already up over 4,000% at 0.05. With so many shares issued in the early part of this year, FDFT could be on the week long circuit of promoted penny stocks giving every chance available for those 127 million shares issued to get swapped out at some point this week and making President and CEO, Whitney Wiseman, the man of the hour at the next luncheon in Palm Beach (there’s the food connection).
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