Funr (PK) (FUNR) News

LOOKS like some folks took the money and headed for the exits this morning

OTC Top 3 most-shorted Stocks (based on Shorted Share Volume not Dollar Value): $H-MBL 1,046,067,572 shares | $FUNR 118,062,905 shares | $T-SOI 86,119,996 shares

They *could* cancel a lot more than 5B. Pretty much everything not at DTC could be cancelled if there is a real merger who sees the value in buying out those restricted shares. I think they have some sort of an agreement (that has not been executed) with the owner of the oldest block of restricted for 500M shares for $40K so essentially .0001 per share for a huge block that could/should be bought back and retired if a new management with a vision comes into play. Buy them out and cancel them all please FUNR. Just my opinion.

Finally!

#2 on OTC BB Actives. FUNR

.04 = Merry Christmas!

Hope it isn't more Hot Ethan air and amounts to something line going back to .04+

2.7B unrestricted is nothing to OTC

its a low float as long as restricted dont start to move in but he can cancell 5B if he is telling the truth

Great news. Hope it goes through.

$FUNR has had talks with a market maker Glendale Securities to discuss Control Block 5 billion shares and overall shares as relate to restructuring and a merger. 
Exciting!

Retweet please.

https://x.com/funrstock/status/1863965341610614830?s=46&t=nLpIzBg3IDKSF_veG2GAEQ

What's happening!!??

What's happening!!??

WOW!!!! Go FUNR!

Hard to cancel shares that I believe are almost all spoken for and given legitimately 

Looks like we are going to find out. 

I don’t know who Ethan thinks is going to buy this with the bloated os count. He needs to move the block and cancel some shares to get anyone interested

Think the same!

Sounds like an epic run is about to start ! Next stop .0005

https://x.com/FUNRstock/status/1862519764163178538

All we want for Christmas is .005 lol! Dreaming

Yes agreed it's our current best hope 

Hopefully he listens to your thoughts

It's an important step but the market won't forget about the rest of the non-DTC blocks. If MM's think those are coming loose then they'll just keep it choked imo.
Unless a new owner of the control block has a really compelling asset to merge in... but why would someone put a compelling asset into this just to let prior insiders remove their restrictions and sell.
Hard for me to see how this can recover without transferring over and cancelling all the shares that are not already at the DTC. Just my opinion.

If he transfers the block to the new company we may move up. It’s our only shot imo

Still waiting!

and it shows bid ask .0001/.0002 odd that it isn't giving you shares Market makers have been broken in the OTCM since the SEC killed it a few years ago

Yeah, he said all he really wants is an apology

Since FUNR is "Shell Risk" and "unsolicited quotes" ...Level2 will not show actual B/A numbers on the bid or ask.

Unsolicited quotes is basically flying blind on L2.

https://www.otcmarkets.com/stock/FUNR/overview

"This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making."

https://www.otcmarkets.com/learn/15c2-11-resource-center

____
Respectfully. Hello Auburn.

Crazy . I was wondering how we hit 3 when level 2 showed tons of 2s . Be shocked if this control block news doesn't pump to .001. Although my retails shares are under water at .0045 so no selling for me 

I put in a bid today of 1.5M at .0002 for a couple of hours and only showed 10k on the bid. Games. 

On conference call I thought Ethan said he is in good with Sharp now. Not sure what that means 

Rough math is 5b control block , 2.3b unrestricted float which includes the 500m for Zach ( my original shares still there in float) 2.7Bsh restricted at moment but will free up one year from sold point and shell removal and price above .005. We can't sell those shares easily . Most brokers don't exchange them until certain conditions met. So consider restricted to be restricted until larger price imo . I , as most know am listed as one who bought in some of those shares . Not to point of large ownership , but can't cancel those now since we paid money for them and we own the right to them officially. Glta I'm in long for this . Never sold the .04 shares as most know . 

Yes about 200K to him right and 50K to Sharp? Interest on Sharp judgment is probably substantial at this point. Then what about the guy who has 500M restricted from forever ago that’s 50K ish right. So call it 300K? Then we get to the real elephant in the room which is the billions of restricted that are not in the ‘control block’… sorry to be negative but i’m just calling it how i see it. Those shares are dead weight they need to be cancelled! I’ll shut up now. GL

I agree with the sentiment jS… shareholders deserve respect! GL

What today showed is a bit of typical games of mms. They ditched their large 2 ask and went to 3 . We are still thin imo until The shell
Is removed 

The debt is Mark who has loaned money and sharp . No other . The problem is o/s which eventually leads to r/s. That's inevitable even if restricted are somewhere between 5-7b down the road . We shall see 

I didn’t say they owe us anything. I said are due to make some money basically. Although if you twist my arm, I could make a case that they do owe us for all the shenanigans they’ve put us through for years

I didn’t say they owe us anything. I said are due to make some money basically. Although if you twist my arm, I could make a case that they do owe us for all the shenanigans they’ve put us through for years

I’d say they don’t owe shareholders anything. But if they destroy us with float dilution and/or reverse split then they will never get another chance at building something real. Also, if this ends up being some kind of deal that leaves a bunch of overhang (legacy debt, legacy issuances, etc.) then it will be obvious that the merging company is worthless. This is not rocket science, any merging entity with real value would never agree to massive overhang. Hoping for the best here. Shareholders need a real company with real potential to come in here with a clean slate. Hoping but not holding my breath. GLTU

Shareholders are due

Thank you. Hopefully all the restricted are transferred over, the judgment to Sharp is paid, and all the debt is cleared. Nice to see something potentially positive. Fingers crossed

Hang on to your socks boys .she's going ta blow !

Interesting mention of control block today . No idea what's up but better to hear that imo 

https://x.com/FUNRstock/status/1858898344581488689

It sounds like Ethan is not in control doesn’t it?

Ethan seams to pig headed to sell it to anyone else I really kind of suspect that Margret and her bf are running the show behind the scenes and just on paper Ethan is.... but that's just my opinion, seeing how there was 0 interest on the loans to owed to marc all the wasted $$$ on the stupid games and other things we told him would be a waste and it was............

I don’t know any of these details and I really don’t care. I just wish for a change of control and settle all the loose ends so investors can have a chance at a recovery. Very unlikely at this point imo.

Howdy HL thanks for your thoughts it’s good to hear from you. That’s a good question about the ‘control block’ and I don’t know the answer. So many questions here. It appears from this most recent filing that the ownership of the 5B control block is now all concentrated in Ethan whereas previously it was split. The other owner seems to have disappeared. Probably a good choice by him. I might have missed it in the filing: but I did not see any disclosure about how the ownership was transferred over, and I do not recall ever seeing any disclosure about what was paid initially either when those 5B were issued. My guess is there has been nothing paid in consideration for those shares. Transparency is as clear as mud with this stock. For example the disclosure still says no appeal will be filed w/r/t GS and then lower in the filing it says an appeal is a possibility, for example. There are so many loose ends and as time goes on the loose ends seem to never be resolved, and they just multiply. There is a saying along the lines of never attribute to malice what can be explained by incompetence, and that seems to be what we have here. It’s too bad because once upon a time not too long ago this shell had potential. Oh well. I might buy some .0001 if this goes to no bid just because OTC is always a wildcard and my average is much higher than .0001 but as I’ve communicated before I really doubt this can ever recover meaningfully unless it gets a change of control and a cancellation of all the non-DTC shares. I hope they merge out and just leave this behind and let a new company come in here that actually has some potential. This is the risk we take with these shells. Sometimes they work, usually they don’t. GLTU

OR BECAUSE margaret is too stubborn or deep in debt perhaps.

As you mentioned the Restricted Shares, it makes me wonder what Ethan paid for that Control Block?

If he was going to Sell the "Shell," he would have to pay off all the things you mentioned, plus recoup what he paid for the Control Block from Margaret.

And then he would have to kiss goodbye, all the time he's spent trying to get things to work with the gaming stuff, etc, etc.

Seems a tall order that he would give up and sell, and at the same time he's begging for money, and lacks professionalism, imo.

He needs a savvy partner, and he needs to hit on a deal that can generate enough revenue to pay down some of this debt, and make it financially moving forward without dilution, and/or make the sale of the shell attractive/possible.

All imo. Howdy wingtrade, btw.