Losing belly fat?

What else are you eating? If your cut consists of a IIFYM approach then yes you will have trouble fitting in a banana

Either that or you're cutting your calories way too low

I read the sticky yesterday. I haven't noticed any reduction of bellyfat :-)

>Either you're a girl or you've taken moobs to a new level.

I've seen worse. I went to school with a guy who trained (tae-kwondo iirc), but still had worse man boobs than this. He did drink a lot of beer though, and had for years (he was 17-18 when I knew him).