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Saturday, December 3, 2022

Funr (OTCMKTS: FUNR) Big Move Northbound after Name & Ticker Change from Cuba Beverage Company Becomes Official

Funr (OTCMKTS: FUNR) was up 55% on Tuesday after the Company’s name and ticker symbol were officially changed to Funr, FUNR from Cuba Beverage Company CUBV after the former natural juice beverage went under and the Company became a shell back in 2019. Things began to happen in summer 2019 when Margaret Willett was appointed as custodian of the Company. More recently Graham Cox and Ethan Zachadnyk 50/50 controlled Control Block LLC acquired 5,000,000,000 shares of CUBV stock (the control block) from Margaret Willett who won the shares in a lawsuit against the Company and its former CEO Alex Procopio. 

Reverse merger SPACs 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. Two recent RM runners that stand out are TSNP/HMBL which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. FUNR is the perfect reverse merger candidate; pink current with no convertible debt on the books the Company has just $80,595 in total liabilities making it extremally attractive for a revenue generating Company looking to gain access to the public markets. 


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Funr (OTCMKTS: FUNR) has been around for many years and was originally incorporated in Wyoming in International Platinum Corporation in 1987. Through the years the Company operated as International Precious Metals Corporation, Innotelco, Inc. Green America Land Holdings, Inc, Green Card Capital Corporation, and most recently Cuba Beverage Company which manufactured and sold an all- natural juice beverage in San Diego, California serving customers across the United States and internationally. Currently, the Company has no operations.  

On June 12, 2019, the District Court of the First Judicial District of the State of Wyoming appointed Margaret Willett as custodian of the Company, thereby allowing her to exercise all of the powers of the corporation, through or in place of its board of directors, to the extent necessary to manage the business and affairs of the corporation. 

Margaret Willett originally filed an action in the Superior Court of California, County of San Diego against Alex Procopio and the Company on March 7, 2019. On June 7, 2019, the Court entered judgment in favor of the Former Custodian and against Procopio and the Company, jointly and severally, in the amount of Two Hundred Eighty Two Thousand Eighty Five Dollars ($282,085.00). 

As of March 25, 2022, the total outstanding amount that Procopio and the Company jointly and severally owed to the Former Custodian, including post-judgment interest at the rate of ten percent (10%) per annum, was Three Hundred Sixty Thousand Nine Hundred Ninety-One Dollars and Fifty-Two Cents ($360,991.52)  

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On March 25, 2022, the Company and the Former Custodian agreed that the Company could satisfy the Judgment by the issuance to the Former Custodian of 3,145,620,991 shares of the Company’s common stock in accordance with the terms of a Stipulation for Satisfaction of Judgment. The Company issued the Judgment Shares to the Former Custodian on March 31, 2022. 

From June 1, 2019 through March 23, 2022, the Roy Hagan Trust loaned and invested an aggregate of $173,475.00 in and to the Company. On March 25, 2022, the Roy Hagen Trust assigned all right, title, and interest in the right to repayment of this indebtedness to Margaret Willett . On March 25, 2022, the Company and the Former Custodian agreed that the Former Custodian would exchange the Loans for 1,854,379,009 shares of the Company’s common stock in accordance with the terms of an Exchange Agreement. The Company issued the Exchange Shares to Margaret Willett on March 31, 2022.  

Sale of Control Shares 

On June 23, 2022, Margaret Willett sold 5,000,000,000 shares of common stock of the Company to Control Block LLC, which is owned and controlled by the Company’s directors, Graham Cox and Ethan Zachadny 

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Currently trading at a $7.5 million market valuation FUNR OS is 8,412,642,216, 6,265,865,388 of which are restricted and a float of 494,633,971 worth $700,000. As we stated earlier FUNR is a perfect reverse merger candidate; pink current with no convertible debt on the books the Company has just $80,595 in total liabilities making it extremally attractive for a revenue generating Company looking to gain access to the public markets. It’s a lottery ticket for sure but a pretty good one; Graham Cox and Ethan Zachadnyk bought the control block of shares from Margaret Willett for a reason and just recently got the Company to “pink current” filing the attorneys letter on September 9. We previously reported on CUBV when it was a shell stating at the time:  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.” We will be updating on FUNR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FUNR.

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

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