George is well known scam buster. I think it’s great that Margaret Willett hired an OTC expert consultant and a well known OTC scam buster to assist in the efforts to bring CUBV in full compliance with OTC Markets and with state and federal laws.
CUBV was a scam years ago (was = past tense) but Margaret sued former company insiders for fraud. Margaret has since been appointed as custodian by the Wyoming District Court and the former company insiders... Well, they have been convicted of fraud and are out of the picture. It’s very likely that the shares held by former and convicted insiders will be forfeited and returned to the company treasury. This is likely what the company was referring to when they tweeted about a share reduction...
Below is a link to the tweet and a screenshot of the tweet.
“$CUBV has no plans to execute a reverse split in the foreseeable future, however, we do envision significantly lowering the authorized number of shares concurrently with the upcoming name change and will likely return a significant number of common shares to treasury.”