UBI BlockChain Internet Ltd. (UBIA)

[Whatsup23]

Here http://www.marketwatch.com/investing/stock/ubia

[QaB2i]

Has he got a name ?

[Whatsup23]

His partner in all the filings

[QaB2i]

Which other guy ?

[Whatsup23]

Who’s the other guy ?

[QaB2i]

Shell baker

[Whatsup23]

What’s this Tj person what does he do ?

[QaB2i]

Yup

[Whatsup23]

You know if him?

[QaB2i]

Jesky!!! No wonder

[Whatsup23]

Lawyer http://www.secgems.com/c/all_sec_filings/0001359793/jesky-tj

[Whatsup23]

Here is the lawyer on the prospectus
Just found this
http://www.secgems.com/c/all_sec_filings/0001359793/jesky-tj

[lucky, mydog]

questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the Commission regarding the company’s business operations;

[Whatsup23]

Is the stock worth 20 dollars then ?

[Computerbux]

Apparently they have 700,000 seed money

[Whatsup23]

The company has no money !

[Whatsup23]

You believe that ? Why would they do a reverse merger?

[QaB2i]

Shorty got caughty ... watch Finra say no to a forward split

[Computerbux]

No - I mean a new PR and 8K put out AH yesterday at 4:30pm

https://www.otcdynamics.com/ubia-ubi-blockchain-internet-announces-hong-kong-government-financing-of-companys-blockchain-based-food-and-drug-safety-technology-development-project-with-hong-kong-polytechnic-university/?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter

https://sentieo.com/api/pub_doc_viewer/?id=cded677abad9400374ec4f8678be4db7d9668a310629956ff5d960aafb3cf47b341150840b2e83d675528d332a8a3bea&free_call=true&page_no=1&tl=1&check_pdf=false&mentions_id=5a568b3bacf6945bf10003f1&mention_user=crypto

[Whatsup23]

You mean the 3 for 1 forward Split lol

[Computerbux]

Nice news and 8k!

[lucky, mydog]

UBIA NOW SHOWN ON GREY MARKET AT OTCM.

http://www.otcmarkets.com/stock/UBIA/quote

[lucky, mydog]

The Commission temporarily suspended trading in the securities of UBIA because of (i) questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the Commission regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.

[Whatsup23]

Are these the same guys as the other one please Hall

[gwallusche]

Why this stock was halted with an 8k report 2 weeks ago?

[lucky, mydog]

oops. sorry. i gave the wrong link.

https://www.sec.gov/litigation/suspensions/2018/34-82452.pdf

[Whatsup23]

I don’t see this one?

[lucky, mydog]

https://www.sec.gov/litigation/suspensions/2018/34-82464.pdf

[Whatsup23]

How do you know please?

[Whatsup23]

http://www.businessinsider.com/bitcoin-blockchain-stocks-price-moves-2017-12

[lucky, mydog]

otcm will show it on the grey market wednesday.

[Whatsup23]

You were right on this one to please tell us what you know so we can look up these people?

[Whatsup23]

What 5 cents lol

[BugStocks_com]

ARTICLE: $UBIA - UBI BlockChain Internet Ltd. Gets Suspended by the SEC http://wp.me/p8U2Ne-iT

[Captain Black Bob Blanco]

Skull and crossbones symbol https://www.otcmarkets.com/stock/UBIA/quote

[yaboy520]

LMAO I am glad to see the SEC cracking down on these scams

[Renee]

UBIA SEC Suspension:

https://www.sec.gov/litigation/suspensions/2018/34-82452.pdf

Order:

https://www.sec.gov/litigation/suspensions/2018/34-82452-o.pdf

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of UBI Blockchain Internet, Ltd. (“UBIA”), of Hong Kong, People’s Republic of China at 9:30 a.m. EST on January 8, 2018, and terminating at 11:59 p.m. EST, on January 22,2018.


The Commission temporarily suspended trading in the securities of UBIA because of (i) questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the Commission regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.

[Whatsup23]

Think Chinese are coming hurray hurrah

[Crypto__1]

COVER YOUR SHORT POSITION ASAP BROTHER

[Whatsup23]

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12444725

[Whatsup23]

That is a registration statement and all are free

[Crypto__1]

CORRECT! STILL ONLY 40,000 SHARES IN PUBLIC FLOAT. SHORTS WILL BE DESTROYED.

ALL THE REST OF THE SHARES ARE RESTRICTED

[StockStarGucci]

The shares to be offered by the selling stockholders are “restricted” securities under applicable federal and state laws and are being registered under the Securities Act of 1933, as amended (the “Securities Act”) to give the selling stockholders the opportunity to publicly sell these shares. The registration of these shares does not require that any of the shares be offered or sold by the selling stockholders.

[Crypto__1]

Historical Short Volume Data for UBIA

http://otcshortreport.com/company/UBIA?index=VDRM&action=view

[Crypto__1]

FLOAT IS 40,000 SHARES. Call the Transfer AGENT. THE float hasn't changed AT ALL.

[Whatsup23]

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12444758
Look at selling shareholders

[Whatsup23]

No true read the whole prospectus

[Crypto__1]

ONLY 40,000 SHARES IN THE PUBLIC FLOAT , AND THEY WERE ALL SOLD SHORT.


SHORT SQUEEZE IMMINENT.

WILL BE PAINFUL FOR SHORT SELLERS.



https://www.otcmarkets.com/stock/UBIA/short-sales

[Jonas83]

Next week with the dividend it Will be around 5

[rarefind]

I think this is under 5.00 in short order.The scam has been well exposed and the rush to the exit will come sooner then peeps think....ubia is a scam strong sell

This can happen only during the very late stage of a bubble.

It just doesn’t let up. UBI Blockchain Internet, a Hong Kong outfit whose shares trade in the US [UBIA], filed with the SEC to sell an additional 72.3 million shares owned by its executives. In other words, it isn’t selling the shares to raise money for corporate purposes, but to allow its executives, including CEO Tony Liu, to bail out.

This is happening after the company – which sports zero revenues and a disconnected phone number in its SEC filings – managed to get its shares to spike briefly by over 1,100%, pushing its market capitalization to $8 billion.

UBI Blockchain didn’t do an IPO. Instead, in October 2016, it acquired a publicly traded shell company registered in Las Vegas, called “JA Energy.” It then changed the name and ticker symbol to what they’re now.

Over the six trading days starting on December 11, 2017, its shares soared over 1,100%, from $7.20 to $87 on December 18, as the word “blockchain” in its name and sufficient hype and speculator-idiocy took hold. By December 21, shares had plunged 67% to $29. They closed on Wednesday at $38.50. At this price, it still has a ludicrous market cap of $3.64 billion.

In its prospectus for the share sale, filed with the SEC on December 26, UBI explains the overcooked spaghetti of its dreamed-up activities:

UBI Blockchain Internet Ltd. business encompasses the research and application of blockchain technology with a focus on the Internet of things covering areas of food, drugs and healthcare. Management plans to focus its business in the integrated wellness industry, by providing procedures for safety and effectiveness in food and drugs, but also preventing counterfeit or fake food and drugs. With the advancement of the blockchain technology, the Company plans to trace a food or drug product from its original source within the context of the Internet of Things to the final consumer.

It explains that “management is uncertain that the Company can generate sufficient revenues in the next 12-months to sustain our operations. We shall need to seek additional funding to continue our operations and implement our plan of operations.”

It added that “due to the uncertainty of our ability to meet our financial obligations and to pay our liabilities as they become due,” the auditors in the financial statement for the year ended August 31, 2017, questioned “our ability to continue as a going concern.”

For the year, UBI had an operating loss of $1.83 million on zero revenues. It had $15,406 in cash, and: “In order to keep the company operational and fully reporting, management anticipates a burn rate of approximately $220,000 per month, pre and post-offering.”

Without any additional funding, the Company will be unable to operate. Therefore, if we are unable to generate sufficient revenues, we must raise additional capital in order to continue operations in order to implement our plan of operations.

Alas, all of the shares will be sold by existing shareholders. The company “will not receive any proceeds from the sale of the common stock by the selling stockholders.” So even after the sale of the shares, it will have no cash to operate on.

The selling shareholders are the CEO Tony Liu and five other “individuals.” Speculators who buy these shares will hand their money to those individuals – not the company. And the company still has nothing, no revenues, no business model, no cash….

This wasn’t the only outfit to leverage the word “blockchain” to create hype and extract billions from gullible speculators.