Funr (FUNR)

[Beandog]

CUBV: The Good, The Bad, and The Ugly...

The Good
The 2017, 2018, and 2019 Financials show...

Zero Convertible Debt —> (an unexpected, pleasant surprise)
Zero Dilution —> (over the past 2 years)

The OS as of 12/31/2017 is IDENTICAL to the OS as of 01/10/2020.

Share Structure
3-10 Billion —> AS is unclear (see "the bad" below)
2,912,642,216 —> OS as of 01/10/2020
1,225,202,710 —> Held @ DTC 01/10/2020
1,225,202,710 —> Float as of 09/30/2019
40 percent OS —> Restricted 01/10/2020

NOTE: The financials also show Zero Revenue and Zero Assets BUT this is as expected since CUBV is basically a shell)



The Bad
Former CUBV management increased the Authorized Shares from 3 billion to 10 billion back in April 2017 per the Wyoming SOS.

The new verified TA installed by new management has been showing 10 Billion as the authorized shares since September 25, 2019. However, all of the recently released financials show the authorized shares at 3 billion. Even the 2019 Q3 Quarterly report shows the authorized share to be 3 Billion as of September 30, 2019. Is this a mistake? What is the AS? It seems the company doesn't know.



The Ugly
The company tweeted the following on July 27, 2019...

$CUBV's new insiders now own well over 100 million shares of stock, all of which was bought out of the retail market.

However, the 2019 Q3 financials covering July, August and September 2019 show the new insiders don't own any shares. Is this a mistake? Was the July 27 tweet a lie? Did new company insiders sell after that tweet?

I sent the company multiple emails yesterday and another today trying to get answers to these questions. No reply yet. I'm out.

$CUBV