Well, on Feb 19th, keyman18 posted a link #2758, to a court order to place 5Barz into Receivership so that Blue Citi LLC can take control and sell all 5Barz’s assets in order to recoup their loss on outstanding loans. But it’s not clear to me whether this is a total liquidation, someone on this Board probably knows.
Meanwhile I noticed on LinkedIn that both Danny & Samartha have updated their profiles as Co-founders & Co-CEOs of a new company called Cubera International, which shows a potential relationship to 5Barz. The link is in my post #2761.
Zerosum noticed that our shares (if you have some) apparently are being converted to a new holding under Cubera International, and after checking my own accounts I am also seeing this, albeit it looks like a 1:13 reverse split. I have a new CUSIP number in my accounts that belongs to Cubera International, check your holdings.
Then on the www.docketbird.com site shows a new Motion to entitle the Receiver to now include the assets of Cubera International as well, which Bland must respond to by this coming Monday if he wants to try and dispute. You can just click on keyman18’s post, the link is updated daily.
And now another former plaintiff, EMA Financial, with previous disputes, is asking to Intervene and jump on the bandwagon to try and recoup some of their losses as well.
But like VVVVVV said back in August 2019, if Gil really believed in this company then you would think he could easily come up with the funds to get the dirty loans out of the way.
I found something today, an article out of Singapore, that spoke positively about 5Barz. Not sure if it has any credibility though and I’m still trying to verify it. It’s from a company called InfoTrie / QuandL and seems to be all about big data analytics .
