Cuentas forms JV with World Mobile, sells Brooksville stake for $800K, settles $454K judgment

Cuentas Inc.

Formed World Mobile LLC JV; Cuentas contributes MVNO (valued $600K) for 51% stake, but 85% of JV profits go to World Mobile Group.
Sold 63.9% Class B interest in Brooksville Development Partners for $800K; proceeds to settle four outstanding judgments/debts.
Settled $453,856.68 judgment with Crosshair Media Placement; CEO and President provided joint personal guaranty for payment.
Settled $112,500 with 1800 Diagonal Lending, $28,000 with Alexandra Calicchio, and $60,000 with EAdvance Services.
Cuentas assigned PLUM MVNO contract to JV; side letter grants Cuentas management of certain brands with 85% profit share.

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