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What's up with the share price today? Can't find any news....
The issue they have to get under control, before this can be worth anything, is that TheRestaurant.com certificates are not real gift cards. Customers pay Reastaurant.com , usually big corporations around $4 for a $25 gift certificate, in which Restaurant.com keeps all the money.
In theory this is actually a great business model if you can get away with it, but just doing a simple Google search and BBB search tells a very different story. If they can sell 100,000 of these coupons per month, they net $400,000 per month. The problem is, even with the influx of carry out and delivery, there are 1,000's of very unhappy customers.
If they can fix that, they may have something here, as it can help restaurants recover their business while driving customers to their restaurants. It will blow up on them if the Restaurants do not honor these coupons and have a seamless experience using them. I hope they use the $7.5 Million they raised to focus on the customer experience, which in their model is both the Consumer and the Restaurant that accepts the discount.
Might be worth a gamble, if they confirm the raise, and fix their consumer issues before they are shut down.
Good luck to all.
How these clowns ever think that they are going to be able to raise $7 million dollars, selling stock at $3.50 a share, when the market price is only 50 cents, shows how inept management really is.
The Board of Directors needs to fire Ketan Thakker immediately.
Looking forward to seeing what will get this above the offering price of $3.50. Hopefully they have something that will finally move the stock price.
uBid Holdings Inc., UBID, changed to RDE Inc., RSTN:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
$UBID uBiid Holdings Inc ( (UBID)
0.6 ? 0.0 (0.00%)
Volume: 10 @07/22/20 3:47:20 PM EDT
Bid Ask Day's Range
0.56 1.04 - - -
UBID Detailed Quote
Findit Reports Improved Alexa Ranking For Restaurant.com and GWHPCorp.com
ACCESSWIRE•July 21, 2020-The numbers are good.
Findit Announces Improvement in Overall Alexa Ranking Over Previous Month for Two New Clients Restaurant.com and GWHPCorp.com
ATLANTA, GA / ACCESSWIRE / July 21, 2020 / Findit, Inc. (OTC PINK:FDIT) owner of Findit.com, is reporting an overall gain in Alexa Ranking for Restaurant.com (OTCQB:UBID) and gwhpcorp.com (OTC PINK:GWHP). Both companies engaged Findit in June to assist them with their online marketing and social media campaign.
https://finance.yahoo.com/news/findit-reports-improved-alexa-ranking-122000099.html
Findit, Inc. Features Findit Member uBID, Owner of Restaurant.com, Highlighting Their Incentive Programs
ATLANTA, GA / ACCESSWIRE / July 15, 2020 / Findit, Inc. a Nevada Corporation (OTC PINK:FDIT) owner of Findit.com, a full service social networking management platform and online marketing service, features Restaurant.com (UBID) as a featured member on Findit. uBID, who recently started an online marketing campaign with Findit, provides deals through their website, Restaurant.com, to consumers that are looking to go out to breakfast, lunch, or dinner, and in some cases take-away and delivery, and receive discounts off of their meals with restaurant certificates.
https://finance.yahoo.com/news/findit-inc-features-findit-member-120000560.html
Getting into the restaurant business was the perfect fit for these guys, since you can stick a fork in them. They're done.
Nice increase in traffic ranking time on site page views and decrease in bounce rate since they hired Findit.
https://www.alexa.com/siteinfo/restaurant.com#trafficstats
https://www.findit.com/best-american-food-deals
The UBID Board of Directors need to fire Thakker.
He is an incompetent boob.
According to their filings, they did recently receive over $600,000 in funding from the government for the PPP program.
Looks like before this, they were basically insolvent. So at least they pulled that off somehow.
Interesting note, they are once again divesting sky auction. So it looks like the bet is on Restaurant.com.
As a shareholder at least they are still alive and have a chance, it does make me chuckle that they got the government monies. I do not believe that program was intended to fund a company that was already bankrupt and not paying their obligations over a year before the covid-19 virus existed. Looks like they got to pay themselves with that money.
UBID Reestaurant.com featured on Findit. This is good to see they are doing some online marketing. I wonder how many shareholders are aware that UBID acquired Restaurant.com?
They are starting to get information out there.
https://news.findit.com/news/1812185/enjoy-great-deals-at-local-restaurants-with-the-best-food-deal-certificates
https://finance.yahoo.com/news/findit-features-members-restaurant-com-195500099.html
Look at the improvement of Restaurant.com ranking on Alexa since UBID engaged Findit to have them do online marketing. The percentage gains are viewable. Click the link below and see the numbers.
All posts from Findit link back to Restaurant.com deals.
https://www.alexa.com/siteinfo/restaurant.com#trafficstats
https://news.findit.com/news/1812137/ubid-owner-of-restaurantcom-hires-findit-inc
https://www.findit.com/best-italian-food-deals/RightNow
https://www.findit.com/best-american-food-deals/RightNow
Request to the SEC for the Withdrawal of S-1
https://www.otcmarkets.com/filing/html?id=14236776&guid=6VuFUaOYJW0e83h
uBid Owner of Restaurant.com Hires Findit Inc. to Improve Social and Search Online Web Presence through Findit.com
https://finance.yahoo.com/news/ubid-owner-restaurant-com-hires-110000745.html
Thanks Joe for the info
Just spoke with IR firm and they said mid August
When are they supposed to file their financials? I thought it was May 31...
He's sleazy. Red warning flag in Stinky-Pinkyland.
"...Kevin Harrinton ..."
Kevin Harrington just sold a boatload of stock in CELH the other day; about $1.1 million dollars worth.
http://openinsider.com/CELH
Ask Ketan Thakker if there is a chance that UBID will see any of those dollars to help finance the company's strategic business plan (if they even have one).
Kevin Harrinton has expressed a strong belief in the future of UBID. Let's see him back that up with some cash. We've only seen a lot of talk, so far.
Anyone have any questions they want asked of the CEO?
I will be talking to him tomorrow night and taking question requests for anyone that is or was long here
Ok...totally lost here.Anyone know why a reverse split was done or any news where we're heading?
Absolutely a mess have no idea why they would do a reverse split when the share structure was already really tight
No.. can't believe when I saw the r/s.. what a mess
Still holding pivot
Appears so....
Primed for dilution!
OTC Markets posted UBIDD share structure today.
https://www.otcmarkets.com/stock/UBIDD/security
Market Cap
4,291,453 on 05/04/2020
Authorized Shares
750,000,000 on 05/01/2020
Outstanding Shares
5,364,316 on 05/01/2020
Float
595,468 on 05/01/2020
Yep now a stinkie pinkie pump and dump lol..
OTCQB stocks must be at least $.01 bid.
https://www.otcmarkets.com/corporate-services/get-started
Don't know but I'm wondering if that reverse split was forced on them due to QB requirements if there are any requirements for the QB that reflect price per share
What is the share count now, anyone know?
That really sucks and now the company is behaving like a pump and dump company
On the Daily List..............too late now.......
z
UBID one for 150 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Where do you see that?
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