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iDealshare VideoGo can convert any video PNG, JGP, JIF, etc

Sorry to bother you man it seems that you know a lot about file format issues? i recently also met a video conversion problem and i want to know whether you could tell me what to do? Did you ever know the output format - FBR? because recently i used a screen capture program named BB Flashback, also to record HD quality videos. But the output generated by this program was FBR. I could play it in VLC and Windows Media Player. Later I found this article (link) and it mentioned that i have to compressed the FBR to mp4 file. I just want to know whether conversion t is the only way to solve this problem beacause i know that video compression always causes some kind of quality loss (the original video is 60fps 720p which is pretty good) and if there is an alternative such as changing .extension or another better video player?