Wednesday, February 12, 2020 5:54:23 PM
The CUBV shell was taken over by a shareholder who was screwed over by former management.
Margaret Willett has been fighting this fight for at least two years. She and the company have done everything they said they would do since Margaret was appointed as custodian by the courts in June of 2019.
No dilution. No convertible debt. No SS changes since 30-June-2017. NONE.
Current SS (Soon to be reduced)...
AS = 10B (set by former management)... AS--> soon to be reduced.
OS = 2.9B (result of former management)... OS--> Soon to be reduced!
Restricted = 1.2B
Unrestricted = 1.7B
Held at DTC = 1.2B
Float less than or equal to 1.2B
The company confirmed via twitter today that OS & AS REDUCTIONS ARE COMING! NO REVERSE SPLIT!!
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Below is a Factual and Comprehensive list of events, company words, company actions, and the status of each.
EVENT: Margaret Willett files lawsuit against old CUBV management.
STATUS: COMPLETE
DATE: October 2017
EVENT: Margaret Willett is appointed as custodian of CUBV shell.
STATUS: COMPLETE
DATE: June 2019
EVENT: Margaret Willett hires expert OTC consultant and OTC scam buster George Sharp to assist in the efforts to bring the company in full compliance with state and federal laws as well as in full compliance with OTC Markets.
STATUS: COMPLETE
DATE: June/July 2019
The company said they would retain a new Registered Agent in Wyoming and they followed through and did it.
EVENT: Retained a new registered agent in Wyoming which is required for reinstatement.
STATUS: COMPLETE
DATE: July 2019
The company said they would reinstate CUBV in Wyoming and they followed through and did it.
EVENT: Reinstate CUBV @ Wyoming SOS.
STATUS: COMPLETE
DATE: July 2019
The company said they were going to resolve issues with the old transfer agent and guess what, they followed through and did it.
EVENT: Settle accounts with the old transfer agent.
STATUS: COMPLETE
DATE: July 2019
The company said they were going to move to a new Verified transfer agent and guess what, they followed through and did it.
EVENT: Install new Verified transfer agent on OTC Markets website.
STATUS: COMPLETE
DATE: September 2019
BONUS
EVENT: Update SS on OTC Markets revealing 40% of OS is Restricted.
STATUS: COMPLETE
DATE: September 2019
Share Structure Notes:
1. The fully transparent TA has updated the SS every week on the OTC site September 2019. No Changes whatsoever. NO DILUTION.
2. Old Management increased the AS from 3 to 10 billion in 2017. Per today's company tweet (12-FEB-2020); Both the Authorized and the Outstanding share count will be significantly reduced WITHOUT A REVERSE SPLIT.
3. Link to Tweet: https://twitter.com/CubaBevCompany/status/1227649399829852160?s=20
5. My guess is the 518M common shares held by recently convicted (and former CUBV insider) Alex Procopio will be forfeited and returned to the treasury (reducing the OS). Current custodian, Margaret Willett sued Alex Procopio for fraud back in 2017.
The company said they were going to bring the company up to Pink Current status on OTC Markets. This process has taken longer than expected because they had to clean up the mess left behind by former management but they are getting very close now.
EVENT: Amended Financials released to OTC Markets.
STATUS: COMPLETE
DATE: February 6, 2020
EVENT: Become Pink Current on OTC Markets.
STATUS: IN PROGRESS---Stop Sign replaced with Yield Sign
DATE: As of February 6, 2020
EVENT: Attorney Letter released to OTC Markets.
STATUS: COMPLETE
DATE: February 11, 2020
EVENT: New Business Direction Revealeds.
STATUS: IN PROGRESS---Scheduled for February 19, 2020
DATE: As of February 12, 2020
$CUBV
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