Ubiquitech Software Corp (UBQU)

[jwblue74]

It will be a while before all the notes are paid off. They still have $700K to convert at .001, not counting if any new notes have been established for the PET MED products & crypto B.S.. They will have to raise the A/S or do a R/S to convert the remaining balance. Why doesn't Ballas refinance the loan for better terms so he can pay off those two note holders who have already made millions off their investment?

(10) Notes Payable As of May 31, 2017, the company had $696,516 of long term debt. $281,692 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. $403,814 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.