Funr (FUNR)

[Beandog]

$0 debt. It seems you conveniently forgot to mention this surprising fact. This is a custodian / shell play. Of course there are $0 assets and $0 revenue. This was a given.

What we didn’t know was how much convertible debt was on the books. Now we know...NONE

Not only is there no convertible debt, there is no debt whatsoever. The 2017 and 2018 annual reports released last Friday afternoon revealed the following...

Zero Debt
Zero Dilution

The CUBV OS has not changed for TWO YEARS. The OS as of 12/31/2017 is IDENTICAL to the OS as of 01/10/2020.

Zero Debt, Zero Dilution, 40% of the OS being restricted, and the soon to be announced new business direction makes this a very promising play.

Now we just need to see the 2019 financials. Since this is still a shell, I expect 0 assets, 0 revenue, and a small amount of debt/expenses related to bringing CUBV back to Pink Current status. I also expect this small debt to be ‘friendly’ debt, certainly not toxic.

No debt on the books for 2017 and 2018 was a total and complete surprise to me. A very pleasant surprise. Looking good so far...

$CUBV