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New acquisition on deck per company twitter. Maybe it will be space heaters for shajandr's ice sheds.
Sadly, this looks very very bad.
It's good that volume is non-existent at this juncture because if volume was pouring and the stock was moving up on these tweets that have zero substance - that would look a lot like a pump. Pumping up your bloated OTC ticker on unsubstantiated revenue rumors and twitter posts in 2024 will get you slapped with a CE, and last I checked nobody's getting those removed any more once they happen. If these guys have a deal, they need to disclose it in the filings and then start talking about real revenue. By the way, some 'profit share' deal where FUNR gets a trickle of commission revenue but has no assets is not gonna do the trick. Especially with the absurd amount of restricted shares hanging over our head like a guillotine!
If these geniuses remove restriction on even just one SINGLE freaking share this stick will be no-bid instantly. Nobody buying this without a complete change of control.
FUNR fka CUBV has not shared a single detail about this JV. But yet they are publishing invoices and claiming revenues? What is going on here.
They botched this so bad man. I'm praying this Nutraco just buys the control block and all the rest of the restricted shares they issued and does the right thing here. The stock could be multi-penny but instead it's stuck the gutter.
As of December 31, 2021, the number of shares outstanding of our Common Stock was: 2,912,642,216
The number of shares outstanding of our Common Stock was:
9,122,570,787 as of June 30, 2024
So that is 6.2B issued since 2021. 5B is the “control block” so that leaves an additional 1.2B shares issued so far. Otcmarkets lists 9.33B under security details. And it sounds like they’re pretty much just issuing all 10B in the A/S based on the “money raise” they keep talking about. So ultimately 5B control block and around 2B additional. That’s a lot of shares! A better solution would have been to sell the shell and let a new owner figure out how to reduce the O/S from 2.9B downward by buying back and retiring old restricted shares IMO, but instead we now have a massive overhang of restricted shares and a potential RS on the horizon.
Ipiros why would I contact them? Actions speak so much louder than words. Their actions have been to issue some 6B or 7B or 8B shares for nothing. That’s all I need to know. They obviously think we’re idiots.
So let me see if I got this right. FUNR is going to get “RRR” flowing here with an undefined JV? They’re issuing more restricted stock at .0001 or .0002 - never mind the fact he has issued some 6B or is it 8B already? What were all those shares issued for? And now they’re gonna R/S us 1000 to 1 and go to Nasdaq? Ok. Makes sense. Good thing they have interns. Smdh. Sounds like they’re about to pass over maybe 50% of the “control block” in exchange for a profit share. Keep in mind they issued a TON of restricted stock that is NOT part of the “control block”. And now the stated goal is to remove restriction on a boat load of shares and RS the stock into the dust? WTF. Nobody with a brain is buying this.
Ok buddy. What do ya think now?
Junk stock sadly.
Pink Current Information
Verified Profile IconVerified Profile 08/2024
It’s time to actually do something. Past time actually. For crying out loud. Legacy mgmt needs to sell the shell, take a few bucks for all the pointless restricted shares, and go away. Let someone else merge in here that has a real business. Nutra company looks legitimate. Sell all the shares for a reasonable price to an actual company, and then walk away! Wasting our time!
Read it and yeah, it looks to me like the company has entered into some form of hibernation due to “getting tax accounts and other government accounts switched over to the new entity” which I don’t know what that means. Wait and see I guess. GL
Has anyone dug into the “tax accounts” question with any significant DD? I think that’s the elephant in the room here. What exactly does that mean…
Hahahahahaha invisible ink!! I have not read the Q yet but will do when I can. My analysis is worth nothing but i’ll give it my best shot for you because you are a gem. Invisible ink lmao
Hey well anyone bought this needs to store their bags somewhere lol
Looks like we should have just started our own container conversion business instead of waiting around for these guys
Definitely an interesting filing and some interesting DD out there from my initial search. I’ve been burned so many times on the OTC I just really hope this is one that finally values us as shareholders. Those of us who search these little plays out are truly valuable to have as a base but time and time again we just get burned. So I am hopeful but skeptical.
Form 10-12G Registration Statement is automatically effective after 60 days
https://www.investopedia.com/terms/s/sec-form-10-12g.asp
My best guess is they just have no idea what they’re talking about. I give them the benefit of the doubt and don’t assume they are scammers. But I would take statements like that with a grain of salt, or a whole ocean of salt. They need to get this thing current and then we can maybe see what’s up. Until then this is dead money.
Bingo.
I would consult with a securities attorney if I really wanted to know... the point is they have no current disclosures so if any insiders buy the stock they'd be asking for trouble. JMHO
I’d be surprised if that’s legal. Since there are no current public disclosures that probably would be considered insider trading. I’m not an attorney, just my guess.
100k shares is $10.00 it means nothing
Time Price Size Type B/S Bid Price Ask Price Buy Ind. Total Volume Num Exch.
13:36:56 0.0001 107,400
Who dumps 300k shares on a 16M float with a 30% spread SMH
So is the shell sold? Lol ok im done posting here. Wasting my time. GLTA
It’s amateur behavior at best, and scammer behavior at worst. Neither is good or OK. This is a public company! My goodness. Unpaid interns??? Woof. I’m praying they sell this shell to this Nutra group.
Yup. Been saying it on this board for years brother. Nothing we can do except hope. It seems they do read this board though. It’s not a bad shell… if they leave and transfer control. Not holding my breath. GL my friend.
No offense but it seems like you didn’t understand what I said about volume.
RF420, I can see the rationale behind calling it a “pump” because of the unusual celebratory reveal of the ticker symbol supposedly. But the hang up in the logic for me is that there has been no ‘D’ i.e. no dumping. Volume has been extremely weak. Makes me think there could be more to this and they may have been delayed. Not saying you are wrong. You could be right. But where’s the dump??
It’s interesting. Your guess is as good as if not better than mine. The fact this is a Delaware corp is interesting to me. Hope we see a major company come in here. GLTU
Out of the blue maxing the A/S not sure ive seen that before seems very odd. To go from 20M o/s to 2b o/s (restricted). change of control?
This Nutra company seems legitimate. Let them take over this shell and clean it up. Could be a good investment! That’s my $.02
Well I am not an accountant but even I know you don’t get to just retroactovely tally up loans from the past and then leak them into filings bit by bit.
Deano. Why the heck does this shell now have 200k debt and they didn’t use 50k to pay off Sharp.
JS. Shareholders in FBEC are straight up held hostage. Because the company has no filings. Hopefully filings are coming, and I’m optimistic because they did update their OTC profile. But who knows. I’m not selling, I can wait, and so I will. I have had many stocks of mine go to the graveyard of suspension and delisting. FBEC is not there yet but it very well could be. I look at this as a complete lotto.
JS. Shareholders in FBEC are straight up held hostage. Because the company has no filings. Hopefully filings are coming, and I’m optimistic because they did update their OTC profile. But who knows. I’m not selling, I can wait, and so I will. I have had many stocks of mine go to the graveyard of suspension and delisting. FBEC is not there yet but it very well could be. I look at this as a complete lotto.