Mobile technology, software and marketing services providing company Friendable Inc (OTCMKTS:FDBL) could be one of the companies to keep an eye on over the coming days. The company was in the news on Wednesday after it announced that it was making preparations to send in state and federal-level grant applications in the fields of commerce, technology and business.
The effort that is going to be put in by the company is geared toward making a reduction to the cost of raising capital. Hence, Friendable is seeking to combine regular fundraising efforts with governmental grants for a number of projects.
If the company is successful in getting some grants then it would be possible for it to generate growth without diluting its shares. At this point in time, the company’s management is working on taking its initiatives forward and is also making preparations to file a grant not too far away in the future.
However, at the same time, it was noted in the press release yesterday that the company was going to continue in its efforts to secure capital to work on developing many of its technological projects.