Funr (FUNR)

[adiosJon]

Yes the CEO is salt of the earth.

from pumpsanddumps.com (are you saying they are liars?)

Then there's the issue of the CEO, Alex Procopio. If you read our advisory, "8 Ways to Recognize a Potential Pump and Dump", you will see that we suggest looking at the background of those running the show. It took us all of 5 minutes to discredit Mr. Procopio. San Diego court records show that Mr. Procopio and his phantom American Trading Services, LLC, were defendants in a Breach of Contract litigation brought by JP Morgan Chase and concluded just a couple of months ago. We call American Trading Services, LLC a phantom because there is no such LLC ever registered with the California Secretary of State, and a company cannot be an LLC if the State has not deemed it so. Even if it were registered in another State, the company would still have to be registered in California as a foreign corporation, since it maintained its offices in San Diego. We believe it to be more likely a dba of Mr. Procopio in an attempt to garner legitimacy.

JP Morgan Chase was awarded a judgment of $106,136.49. What's particularly disturbing is that Procopio didn't even show up to defend himself. Proof of service filings show he knew about it, but apparently he didn't care enough to defend himself in this serious allegation. This doesn't mean that JP Morgan Chase didn't have to prove its case. A default judgment still requires the plaintiff to present his evidence to the court and illustrate why his claims are valid. And JP Morgan succeeded. The question that must be answered then is, would a sensible investor put his money into a company run by one who was found liable for breach of contract against a bank? Another other concern here is that JP Morgan Chase has filed an abstract and is entitled to grab Procopio's holdings in CUBV towards satisfaction of the judgment. And we can tell you, if they do get a hold of his stock, JP Morgan will not be looking to hold onto it it as a good investment.