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Wednesday, December 1, 2021

Cuba Beverage Co (OTCMKTS: CUBV) Running Northbound After Co Hints at Merger with Lithium Production Company

Cuba Beverage Co (OTCMKTS: CUBV) is making an explosive move up the charts after the Company announced on twitter; “A merger agreement is back on the table. Barring any unforeseen delays, this should be in the hands of the attorneys next week. Yes it is a privately owned Lithium production company. No it is not Lilac..stay tuned” This is big news for CUBV large investors base who are looking for a break over $0.043 highs for the next leg up. 

Reverse merger plays can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. And one could not find a hotter sector than lithium right now; lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Global sales of electric vehicles were up 150% in the seven months to July to just over 3 million units and for 2021 Rho Motion expects electric vehicle sales to reach 5.8 million. 

Cuba Beverage Co (OTCMKTS: CUBV) operating out of Las Vegas, Nevada is a clean shell with virtually no debt having wiped most of it off since 2020 from $469,833 to just $159,951 in total liabilities as of September 30, 2021. CUBV is “pink current’ and an old, old shell that was incorporated as Silver Claim Lake Resources Inc. on July 22, 1980. The Company used to be a big board stock and was once dually listed in Canada as IPMC and on the NASDAQ stock exchange under the symbol IPMCF. 

Microcapdaily reported on CUBV back in February 29, 2020 when the stock was in the triple zeroes stating at the time: “Cuba Beverage Co (OTCMKTS: CUBV) dba Cash Stream, Inc. is preparing to Beta test its first of several mobile applications. This app will make use of Geofencing Technology to bring foot traffic to the Food Services Industry, by offering incentives to consumers as they near subscribing (paying) establishments. Such incentives may include free products or cash rewards. Consumers will be further enticed to employ the app by the offering of a limited number of daily prizes, for example $100 restaurant gift cards. An occasional “Grand Prize”, such as a new car, will also be offered to consumers, whose chances to win will become greater with ongoing use of the app. This app is planned to be commercially available and revenue generating by the third quarter of 2020. 

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CUBV

Management intends to execute several corporate actions over the coming days and weeks as it implements its business plan. At present time, no reverse split of the company’s common stock is contemplated, however, there will be a significant reduction in the authorized number of shares. The completion of court related transactions should also result in a large reduction in the number of common shares outstanding within the next few weeks. 

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CUBV is making an explosive move up the charts after the Company announced on twitter; “A merger agreement is back on the table. Barring any unforeseen delays, this should be in the hands of the attorneys next week. Yes it is a privately owned Lithium production company. No it is not Lilac..stay tuned” This is big news for CUBV large investors base who are looking for a break over $0.043 highs for the next leg up.  Reverse merger plays can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. And one could not find a hotter sector than lithium right now; lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Global sales of electric vehicles were up 150% in the seven months to July to just over 3 million units and for 2021 Rho Motion expects electric vehicle sales to reach 5.8 million. We will be updating on CUBV when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CUBV.

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Disclosure: we hold no position in CUBV either long or short and we have not been compensated for this article.

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