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Sell price is my guess. George Morgan is selling the shell and has a preferred target price in mind. The incoming CEO is probably lowering his offer price as long as the lawsuit is attached to the shell. He'll buy the shell with the lawsuit... but for a little less. GM wants full price.
Really just a guess, though.
No reason to think that. OTCX most likely a short.
Interesting...
I suppose that's one interpretation, but I think the following tweet indicates that they are at the very least strongly considering it. We aren't going to hear anything directly from the merging entity until the deal is done, so it's about as strong a statement as we're going to get:
https://twitter.com/CubaBevCompany/status/1467945944830251009
It appears that post the SEC's 9/28/2021 amendment to Rule 15c2-11, shell companies such as CUBV that made the cut are a commodity. For that reason our merger company is still eager to perfect our merger despite pending litigation provided we supply certain indemnities.Stay Tuned
That's my understanding as well. Once the outgoing management decided to indemnify the incoming company this lawsuit became a complete non-issue. Whatever negotiations and contracts they're working on should be much more important.
A long time ago. Everything after May 2020 is clearly the company:
This Twitter feed is now under the control of the Officers and Directors of the Cuba Beverage Company.
— FUNR (@FUNRstock) May 27, 2020
Yes. Over fees for past work as consultant.
Is CUBV selling bonds? Or mortgages? Now you're really stretching.
Is that relevant? Not a lot of debt on the books, is there?
Sweet! Thanks!
I see news there. Possibly there's some incompatibility between your browser and the website?
Interesting. Never heard of it before, but I found this little detail that you might enjoy:
"Tiehm’s buckwheat got its name from botanist Arnold Tiehm, who discovered the flower in the Silver Peak mountain range in 1983. Human activity over time, including mining, created a unique hydrology in its habitat, producing the rich lithium-boron soil that the buckwheat needs to grow."
https://www.eenews.net/articles/lithium-miner-rips-its-own-research-in-esa-fight/
So if they don't mine, will the ugly flower eventually be starved of necessary nutrition?
Guessing?
I've always thought OTCX was primarily a short.
I think I saw somewhere that CTR was targeting even higher volume with their multiple stages.
So, even better then?
Which is a little strange, since they're in a 2005 filing on the WYSOS. I can't find a cancellation.
The 800 Mill preferred can also be found in a 2005 filing on the wyoming secretary of state site, in the restated articles of incorporation.
Not sure, but I don't think that was ever changed afterward.
If that hasn't been changed, then there are preferred shares available for acquisitions etc.
IF it's them :D
Or someone was working from the vacation home... ?
How does this figure into your assessment?
Despite any rumors to the contrary, CUBV has no intention of eliminating shareholders via reverse split. We do however intend to cancel any and all shares issued to or by Alex Procopio to himself or to any of his “straw men” for no consideration.
— FUNR (@FUNRstock) November 3, 2020
Yeah, that'll do it. Used to swim competitively, and it took a lot to get my heart rate up. Not so much anymore.
Keep it up.
What do you do to stay in shape?
I type.
Excellent, thank you!
Thank you Luna!
You're very welcome. I spent a fair amount of time downloading many of the filings in the case and reading them to understand what's going on. It's really a stupid lawsuit at every level. But the stupidest thing is that people think it matters.
Except that they haven't lost to George Sharp. Prevailed on demurrer just means George Sharp's case wasn't tossed out because of their demurrers (there are a few), in which they basically say George's case is shit, please toss it because. So it wasn't tossed. Doesn't mean they lost the case. George Sharp did NOT prevail on getting a summary judgement against them, for instance. The case hasn't gone to trial yet, and won't for a few months.
Ultimately, the case is a whole lot of hot air, worth 22.5K or less, and will not hold up the merger much longer, since they intend to close the deal any way, and will indemnify the merger partner against the measly 22.5k.
That's about as clear as can be!
Perfect timing!
Well, now that you've expanded your message, the specificity of your objection is much clearer :D
That's what indemnification is.
Exactly. GM wants to sell this shell, and has found an excellent candidate.
Gotta figure his primary reason to fight GS at this point is to increase the sell price of the shell. The shell with 22.5K legal judgement (if it happens) is likely 22.5K less valuable to merger candidate. He's maximizing the value of the transaction for himself.
What on earth are you talking about? Dalton is English, his father is English; Dalton is in his mid seventies, his father would be in his 90s or 100s, and his name isn't Morgan. Babble on.
22.5K isn't tons of baggage, LOL.
To me it looks like they want to get it done, are possibly impatient to get it done, and are (also possibly) willing to go ahead despite the litigation, so that, once they work out the details and negotiate the verbiage of the indemnification, we may actually get a deal close in everyone's favorite timeframe.... soon(ish).
And remember, the amounts involved are relatively small potatoes. They should be able to work something out if there is the willingness to do so.
Thank you for the informed response!
The old case IS dismissed. It says so in 'Case Status'.... I can't tell what kind of dismissal. Not familiar with this stuff. Screenshot below 2 different ways, cause I'm not sure what's best.
https://investorshub.advfn.com/uimage/uploads/2021/11/22/fmksmScreen_Shot_2021-11-22_at_4.50.07_PM.png
Libel?
Do you think that older case is the one that needs settlement, not the newer one re: remuneration? How do you settle a case that has been dismissed?