$FBCD FBC Holding was formed back in 2006 and has gone through several iterations and business plans since then. Most recently, we planned to become involved in the actions sports business and our former management represented to have negotiated a deal with a company which also represented that it owned certain licensing rights to a unique type of skateboard called the Flowboard. The Flowboard was a very cool product which unlike the typical skateboard had 14 wheels arranged in an arc beneath the deck which allowed the rider to tilt the board at a 45 degree angle which gave the sensation of creating a “deep carve” into the pavement and delivering a riding experience more similar to riding a snowboard or surfing than to a traditional skateboard.

Notwithstanding that fact that the Flowboard was a unique product we unfortunately discovered that previous management had not signed agreement for the marketing rights to this product and furthermore the company that had claimed to possess these assignable rights did not, in fact, have any claim to the IP related to the product at all.