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Huzzah! ✅ $UBQU eliminates $2,000,000 of total debt in the last 12 months🔥
https://www.otcmarkets.com/stock/UBQU/news/EQS-News-Ubiquitech-Software-Corp-OTCUBQU-Successfully-Eliminates-Additional-Convertible-Debt-Bringing-Recent-Total-Elim?id=444198
Kevin Lamb clearly could give two shits about legacy shareholders.
Why should he?
He's just a puppet and Ballas is the puppeteer pulling the strings
Stock price will be destroyed....
w0w 5 Million in annual Revenue ✅🟩🟩🟩
what? Corporate$UBQU says NO r/s?✅w0w
Huzzah! ✅ $UBQU eliminates $2,000,000 of total debt in the last 12 months🔥
https://www.otcmarkets.com/stock/UBQU/news/EQS-News-Ubiquitech-Software-Corp-OTCUBQU-Successfully-Eliminates-Additional-Convertible-Debt-Bringing-Recent-Total-Elim?id=444198
You should really consider reading some of my past posts.
Like this one:
If Ubiquitech is James Ballas's failed "CannaZALL" CBD company that he drove into the ground ( never providing a formal explanation of what happened to the assets, the organization that held everything together, the client base etc) - due to over promising and not delivering, coupled with the fact he blew out the share structure into the tens of billions of shares - making the shell a highly undesirable vehicle for a co to RM into. Yet, Innovative Outcomes Reverse Merged into $UBQU under the guise that CEO Ballas had the marketing expertise & software IO needed to advance IO to the next level.... etc etc
Ubiquitech Software is not, nor has it ever been a software company under Ballas's tenure yet IO claims they want to keep the name because they use "software" as part of their medical wound care process? WTF?
And the very individual they trusted to market their wound care product line - the CEO of their parent/holding company (you know, the one that made the promise of no RS), is suddenly "handing over" complete control of Ubiquitech (the holding company) to the CEO of it's only subsidiary prior to stepping down as CEO of $UBQU ??
And he's doing this out of the kindness of his own heart?
Or..
Is there a terrible terrible price that we are all about to pay?
Listen, this isn't rocket science. Kevin Lamb screwed up big-time in not performing his own due diligence on this "ballast" scumbag. Or perhaps he did and this was the plan all along, to give the false sense of security that things were indeed turning around, enticing the legacy shareholders of $UBQU so they would begin reaccumulating shares, adding to their losing positions -buying them off of James Ballas himself as part of whatever agreement they had as a portion of his payment/reimbursement prior to "stepping down".
I could go on and on but it's becoming redundant and boring to me now to cite the obvious.
Kevin Lamb needs to read some of my thoughts and take them under advisements when preparing his vanilla/vague statements on X
Kevin... Your name and reputation is on the line here.
You need to start taking things seriously son...
what? Corporate$UBQU says NO r/s?✅w0w
No R/S is not set in stone until Kevin, our supposed new owner, says it will not happen. That was Ballas who said that and you can trust his word as well as you can throw an elephant.
Ask is back over 100 million now.
For the new people.
EQS-News: Ubiquitech Software LLC / Key word(s): Financial
Ubiquitech Software Corp. (OTC:UBQU) Successfully Eliminates Additional Convertible Debt Bringing Recent Total Elimination to Almost $2,000,000
18.06.2024 / 14:33 CET/CEST
The issuer is solely responsible for the content of this announcement.
DENVER, CO- 66708345da846f3069c044f6.gif(NewMediaWire) - June 18, 2024 - Ubiquitech Software Corp. (OTC: UBQU) announces that it has recently reached a settlement and restructuring agreement whereby approximately an additional $220,000 of convertible debt has been eliminated. As part of this transaction, $220,000 of legacy convertible debt was acquired by MJW Capital Funding LLC and simultaneously exchanged for a new $50,000 note, eliminating approximately $175,000 of existing debt. This brings total convertible debt elimination over the past eighteen months to almost $2,000,000.
Time to load up this is going to be make us some dollars. No R/S is great news.
RS is cancer and will destroy Kevin reputation. He better have a better plan.
People bought (and sold) ubqu for a lotto ticket. Nothing more. Generally the same is true with the broader otc. People taking a fraction of their $ and taking a dice roll (or worse) on a high potential return. You don’t 1% interest rates or 5% to make a difference in that kind of speculation.
The stock WILL move again. Not sure when. But I can promise if they do a RS the only way it will move is down
Interest rates literally have nothing to do with ubqu. At all. Zero.
Huzzah! ✅ $UBQU eliminates $2,000,000 of total debt in the last 12 months🔥
https://www.otcmarkets.com/stock/UBQU/news/EQS-News-Ubiquitech-Software-Corp-OTCUBQU-Successfully-Eliminates-Additional-Convertible-Debt-Bringing-Recent-Total-Elim?id=444198
What are u smoking? You don't make any kind of sense!
What????
You have been around long enough then to know the OTCBB was awesome yet BS back then. You didn't need a broker.
And what about very low interest rates, plus low share structures???
That is what helped the prices go up in 2021
Share structure will not change. Ever.
What are you trying to say? That period was called zoombie period. I was in the hospital, I kept getting emails from my broker...uatg and ubqu moved!
3 years ago was 2021. The OTCBB market ran twice in 2021, the AS and OS for these tickers were much lower.
We will not see a 2021 like run in the OTC until interest rates are much lower and the share structures are massively decreased.
Time to move up again, moved up 3 years ago without revenue!
That is the most realistic and smart response I’ve seen in a while.
Manage your expectations boys (and girls) and you won’t be disappointed.
Huzzah! ✅ $UBQU eliminates $2,000,000 of total debt in the last 12 months🔥
https://www.otcmarkets.com/stock/UBQU/news/EQS-News-Ubiquitech-Software-Corp-OTCUBQU-Successfully-Eliminates-Additional-Convertible-Debt-Bringing-Recent-Total-Elim?id=444198
Everyone better buy up all these cheap shares before this goes to the moon. BAh ha ha ha ha ha
Ball Ass and Lame will have you on a new yacht in no time!
New leadership, so they say… same BS
Finally for the first time in months I'm seeing pertinent questions being asked on "X" mirroring my own concerns over the past several months.
It's about time shareholders are waking up and demanding simple answers to simple questions.
ie: who specifically is our investor relations representative?
I have a feeling it's James Ballas
LoL, ain't no one can selling. This is all strictly for educational and entertainment value.
-99.999999999999999999999999999999999999999999 *breath* 999999999999999999999999999999999 % on the session
Or what? You’ll sell? lol
In their next Fins, I'll be looking closely at any new (add'l) website and software development costs. I can see spending an initial $2.2m on proprietary software development, but I can't see justifying spending an equivalent amount on maintaining that software, at least not for a company claiming it does $5m per year (but only showing it does half that). IO will never be profitable spending half its revenues on software development and maintenance.
Like Scratch says, the expenses will tell the story...
I want to be so wrong and they can pull something out of their hat that we didn't see coming. But that would be a first and it is hard to avoid the reality of the situation.
None of us know what is going on behind the scenes and they could pull something out of left field for the benefit of the shareholders.
I am just plain tired of promises that never happen after being here for 6 or so years hearing the same things with different scenarios. Good luck is in order for us.
I have been silent and waiting to hear Kevin repeat what JB has been saying. No RS!!!!! They both are still ceo's of UBQU and IO. They should be on the same page.
First of all, they have only proven to be a $2.5 company.
After seeing their first fins, we can see that the insiders have made no efforts to increase shareholder value. They raised the O/S and raided the tills with expenses.
They tried to fool us with a retirement of debt, but we know that wasn't out of the goodness of their hearts or using their own capital.
If insiders took nothing out of the tills with salaries or using expenses to line their pocket. And used their own money to buy buy shares, I would believe the company has the shareholder's backs. But it is a walletectomy. How much they can put in their own pockets while trying to grow a legitimate company with IO.
I do believe Kevin is trying to build a real business.
Great points Campe!
It would be too easy for them to provide the details, but they never do.
If IO was truly a private $5M company with profits and positive cash flow, then they should have the capital and know-how to organically grow while also buying back some shares. Starting at $50k a Qtr of buyback should do it.
And, if they say they have better use of their capital, then WHY did they merge with UBQU? Taking care of shareholders is what a public company should do. If they are going to ignore shareholders, then they should've stayed private.
Unless, of course it was all a sham from the beginning...
I agree. But tell me how they will get more capital with a no-bid and no volume and negative revenues? Issue more debt?
Who will lend them money unless they do a R/S?
I would love to hear what possibilities there are. I have the most to lose talking about it, but with no-bid, what does it matter.
My only hope is they know we are on to them on the shareholder side. I do believe Kevin is trying to make IO a success, but at what expense to us shareholders?
They better not do RS!!!!
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