Ubiquitech Software Corp (UBQU)

[Beethoven9]

Both long-term debt lenders ARE accepting CASH payments. Period. End of discussion. Either study the filings more thoroughly yourself or see below for indisputable proof. (And, no, "unaudited financial statements" do not allow a company to "say anything they want".)

Furthermore, James Ballas (the CEO) has recently expressed (multiple times) a commitment to pay off the long-term debts with CASH going forward while balancing the use of cash between paying down debt and growing the company (i.e. to generate even more cash income quarter-over-quarter and year-over-year). You can either trust him to do so or choose to not risk your own money by investing in a company you are terrified will soon be diluted into the ground. It's just that simple.

And if "The two note holders can convert their entire loans at any time if they choose to." is true, why on God's green earth do you think they have NOT demanded full conversion payoffs by now??? Do you have any proof to support this claim? What do you think "payable on maturity dates in 2017 and 2018" means?

Also, regarding the $0.001 "par value" conversion rate and "notes are convertible in whole or in part at the sole discretion of the holder" clause, have you bothered to consider that perhaps the lender wanted legal protection and the sole right to choose in case the share price were to fall below $0.001 and they would therefore lose money by accepting shares instead of cash as the payments become due and the company hasn't paid in cash? After all, back in 2011-2014 (when the money was borrowed) the company was operating at a net loss and struggling to transition from the failing Hook Wireless "Dual SIM Cell Phone" business to Blue Crush Marketing Group activities that were equally non-profitable. And, indeed, for the entire seven month period between 07/27/2012 and 02/22/2013 the stock was "trading" at $0.0005 per share on zero volume. (And nearly zero volume over the entire 2008-2012 history before that!) Would you loan hundreds of thousands of dollars at a $0.001 conversion rate to a non-profitable company with that kind of trading history and no way of knowing that a Hemp/CBD business gold mine was on the way? I seriously doubt it.

Long-Term debt as of August 31, 2016:

http://www.otcmarkets.com/financialReportViewer?symbol=UBQU&id=160970

$381,692 of this debt is owed to R Holdings 9 originally dated August 30, 2011.

$162,200 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during the period covering September 1, 2013 to December 31, 2013 for expenses of the company.

$ 65,000 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during March of 2014 for expenses of the company.

$515,000 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during May, June, July and August of 2014 for expenses of the company.

Long-Term debt as of November 30, 2016:

http://www.otcmarkets.com/financialReportViewer?symbol=UBQU&id=165534

$343,692 of this debt is owed to R Holdings 9 originally dated August 30, 2011, representing money advanced to James Ballas, the company president, Blue Crush Marketing Group and or its subsidiaries.

$557,814 of this debt in the form of several notes originally dated during 2013 and 2014 are owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during the period covering September 1, 2013 to August 31, 2014 for expenses of the company.

The Promissory Notes provide for interest at rates between 8% and 10% per annum that are payable on maturity dates in 2017 and 2018. These notes contain a conversion features whereby the notes are convertible in whole or in part, at the sole discretion of the holder, into shares of common stock at a conversion price of $.001 per share or the company "par" value.

The Q4 2016 Math:

$381,692 - $343,692 = $38,000 paid to R Holdings 9

($162,200 + $65,000 + $515,000) - $557,814 = $184,386 paid to Common Sense Holdings

$38,000 + $184,386 = $222,386 total Q4 2016 debt reduction

Conversions = 90,600,000 x $.001 = $90,600

$222,386 - $90,600 = $131,786 DEBT PAID IN CASH ($38,000 to RH9 + $93,786 to CSH)

Subsequent Information:

01/26/2017 Q4 2016 Earnings Call
http://seekingalpha.com/article/4039966-ubiquitech-softwares-ubqu-ceo-jim-ballas-q4-2016-results-earnings-call-transcript

Jim Ballas - The company made money privately during 2013 and 2014. This was to launch and build out the HempLifeToday vision, the vision of HempLifeToday. There’s also some legacy debt in the previous subsidiary of the company and the company is now in a solid working capital position and has the infrastructure in place, so we can handle the demands of the projected growth for 2017 and we believe that no additional debt is needed at this point. So we’re really looking good on that. Now, I would like to stress that in the most recent quarter, the company paid down some debt with cash flow some of our operations and we have to believe that this point of action will continue. The company will continue to balance the use of cash between growing the company and paying down debt.

01/31/2017 Press Release (Additional $65,000 Long-Term Debt Paid With CASH)
http://www.marketwired.com/press-release/correction-ubiquitech-software-corp-pinksheets-ubqu-2192338.htm

Ubiquitech Pays Down $65,000 Debt Since January 1, 2017; Anticipates Continuing This Trend of Debt Repayment Throughout the Year

DENVER, CO -- Jan 31, 2017 -- Ubiquitech Software Corp. (OTC PINK: UBQU) is pleased to announce that it has successfully paid down $65,000 of debt through excess cash flow. The company will continue with this process throughout the year as it monitors the best use of cash in the coming quarters.

This previously incurred debt was used for research and development, inventory reserve, and marketing. Paying off this debt gives the company additional monthly positive cash flow and helps improve the company balance sheet moving forward.

"We are very happy to have this portion of debt behind us now," said James Ballas, CEO "and moving forward this increases our monthly cash flow that can be accumulated to purchase inventory or pay down additional debt as we manage the additional growth of the company. We will continue to do what is best for the company's growth, our customers, our stock, and our shareholders, and we will always to operate in this manner."

The company continues to position itself for accelerated growth quarter over quarter and successful debt management is an integral component to company growth.

Could it be the $162,200 2013 Common Sense Holdings note was completely paid off in Q4 2016? And that the $65,000 March 2014 Common Sense Holdings note was completely paid off in January 2017? And that the remaining $515,000 mid-2014 Common Sense Holdings note is not due until a maturity date in 2018? And that the company can easily pay the $343,692 R Holdings 9 debt (as of 11/30/2016) in cash throughout 2017?

I believe the answer is "yes" to all of the above. But none of us will know for sure until Q1 2017 and ongoing filings and/or press releases tell us so. In the meantime, business is booming and future growth is virtually guaranteed. Yet the stock is currently trading at less than a 1 x revenue market cap. Unreal. But a swift upward correction is coming soon IMO.

Endo BioSciences!