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No how can he step aside when he owns the majority of the stock and he is in charge of marketing for Innovative Outcomes?
He still controls the majority. He said he was stepping aside in the beginning but it clearly isn't the case.
It remains patently clear that on the $UBQU Twitter page, that CEO Lamb is posting the posts about wound care and CEO Jeff Ballas is posting everything related to the stock, meanwhile he's probably cashing out a few thousand dollars here and there by hitting the bid or parking on the offer.
Goop
That may be ss cause we match that penny for penny
To be fair. Companies show payroll taxes on the P&L. I am not so worried about that.
My concerns are expenses that I didn't even mention like Advertising and marketing. Did they make 2 phone calls and pay themselves? We don't know anything.
I'll add this. Reagan expression was to "Trust but verify". But we only get to trust without any verification.
As I've reported before. I will only layoff of the criticism until we have a bid again.
I see a payroll tax deduction for $22,334. Thats 7.9715% of the $280,176 salaries deduction. When I get a paycheck, I am the one paying the tax, not the company. And 7.9715% tax rate is very unusual to say the least. Kinda makes me very skeptical of the whole disclosure, given ballass’s track record. I smell a RAT!
GLTA
POOPSTAIN
$UBQU As mentioned yesterday the company is currently involved in many tasks to complete the integration of Innovative Outcomes into UBQU. We have a lot to do during August but believe shareholders will be happy with the plan and structure being implemented to move us forward.
Here is my take of the shareholder's current situation: There seems to be no doubt that IO is a real company with real revenues and trying to grow those revenues.
Where the shareholders struggle or rather yet, where the market struggles is the bloated financial structure (O/S) and the expenses to income ratio.
There are only 2 main ways the insiders can make money. Through selling stock or revenues from the company.
There is only 1 way that shareholders can make money. Buying stock and selling at a higher price.
So here is the conflict of interests that needs to be addressed by the company due to their horrendous track record.
The company can make money by selling stock that were issued to them without spending any of their own money to buy shares. So they literally can sell at .0001 and make money. Shareholders have to wait until at least .0002 to make any money which little to no volume have occurred at that price. Second, the company insiders can draw salaries and draw capital through quarterly expenses as seen below. Shareholders don't see a dime.
Advertising and marketing $17,850
Bank charges $2,641
Computer and internet $2,642
Consulting $5,000
Depreciation $1,670
Insurance $15,850
Office supplies $8,480
Postage and delivery $1,167
Professional fees $22,500
Rent $82,971
Salaries $280,176
Payroll taxes $22,334
Telephone $6,179
Utilities $11,521
I won't deny that some of the expenses above are legit, but you could question everyone of them to see how much commingling with insider's expenses that are occurring. There are nearly $500,000 for the quarter. What are the professional fees? Who gets the salaries? Who gets the rent from the building and is there an insider who owns it? (Just to name a few unanswered questions).
Bottom line. If the insiders have so much confidence in the future. Why take any salaries or any compensation in the form of an expense?
They should take stock options only to make it a truer even playing field. But then again, why would they do that when they can have their cake and eat it too? If they lowered the O/S and took no compensation until profitability, the stock would skyrocket.
With over 1B shares on the .0002 offer, is that a serious question?
Wondering if those 2 mil shares disappear on the ask will we move up or not
w0w CE0 Kevin Lamb T0P 10 Healthcare innovators🟩F0rbes 0n DECK Huzzah! 0h B0Y $UBQU $UBQU pic.twitter.com/gNgqoDauU6
w0w NO R/S+MERGER AQUISITION 🟩ohBoy onDECKYowza! Hello. The company has no plans for a reverse split and looks forward to solid growth with Innovative Outcomes, Inc.
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
$UBQU Innovative outcomes already doing 5M🟩 inRevenue Annually and growing, with facilities already in place to help make it happen. Just watch what we do! $UBQU Innovative outcomes (OTC:UBQU) is an established company that's already doing 5M in revenue annually and growing, with facilities already in place to help make it happen. Just watch what we do! https://t.co/RU6f61UcnL
YEP HUZZAH! on DECK oh GIRL
.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001
Love,
Jeff Ballas
Very interesting trading the last hour
Appears someone wants to keep this at no bid. I bet I have seen 6 mil shares get traded in the last 30 minutes and it still stays at no bid
Sorry, keeps double posting.
Exactly, they say it's not dilution, wouldn't it be easy to prove, also shouldn't some documents be available for this acquisition?
Medical - Healthcare Message Boards ...UBQU
https://investorshub.advfn.com/boards/boards.aspx?cat_id=114&page=1
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
I believe it will be updated next week. There are still some other companies that use that TA that still showing 6/9.
We also can see the transparency on OTC. Almost 2 months no update...
I do believe in the new direction, and I think JB and Kevin will do the right for the company and the shareholders. Just need to get the right news and this will takeoff. Imo
Kid, I've always respected and appreciated your optimism and I hope your are right. Though I can't see it. They need to address what is going on and explain why it is ok thst the stock is just not going anywhere. Scratch is right though as long as they have their money they won't care. They always spout they will have improved communication, plans to be given out, etc. The communication lasts only for as long as they need the dump. Maybe he's not directly diluting it but I guarantee something shady is going on, and it's not going to benefit us in any where.
Side note I wonder where Joe went with his dd on ballas's legal troubles and such. I wonder if this is connected somehow.
Kid, I've always respected and appreciated your optimism and I hope your are right. Though I can't see it. They need to address what is going on and explain why it is ok thst the stock is just not going anywhere. Scratch is right though as long as they have their money they won't care. They always spout they will have improved communication, plans to be given out, etc. The communication lasts only for as long as they need the dump. Maybe he's not directly diluting it but I guarantee something shady is going on, and it's not going to benefit us in any where.
Side note I wonder where Joe went with his dd on ballas's legal troubles and such. I wonder if this is connected somehow.
w0w CE0 Kevin Lamb T0P 10 Healthcare innovators🟩F0rbes 0n DECK Huzzah! 0h B0Y $UBQU $UBQU pic.twitter.com/gNgqoDauU6
No bid, and the ask keeps growing. Looks like we have lost all momteum and are now going backward again.
w0w NO R/S+MERGER AQUISITION 🟩Huzzah onDECKYowza! Hello. The company has no plans for a reverse split and looks forward to solid growth with Innovative Outcomes, Inc.
$UBQU Innovative outcomes already doing 5M🟩 inRevenue Annually and growing, with facilities already in place to help make it happen. Just watch what we do! $UBQU Innovative outcomes (OTC:UBQU) is an established company that's already doing 5M in revenue annually and growing, with facilities already in place to help make it happen. Just watch what we do! https://t.co/RU6f61UcnL
YEP HUZZAH! on DECK oh GIRL
I want my at least 25% of my money back, BallAss lies got me in to this stock few years ago, one of my worst investment, I hope BallAss will end up in prison!
As I know you know, it's just fluff to make them seem like they are doing something
Share price tells all
GLTA
POOPSTAIN
What does full integration even mean? How will things be different after "full I tegration".
^yawn^
Funny that's from today and a non informative tweet saying we have to wait more. If that is true though then we should be seeing the filings and such start popping up. My guess is they won't and a week before will give another 2 more weeks or whatever post.
$UBQU The company anticipates the conclusion of its integration of Innovative Outcomes into UBQU within the next 30 days. This will be reflected in all appropriate state and regulatory filings as well as company news and announcements. Stay tuned.
— Corporate $UBQU (@CorporateUbqu) July 24, 2024
We got a week left in July. What other news did we get this month. They said throughout the month in that tweet. The only other tweets I saw were them denying it was dilution. Not 1 other update. They are also covering their behinds by now telling us we have to wait til the end of Sept to get something substantial and that the real magic will happen in 25. They don't just kick the can down the road they punt it. I'm sorry Kid, I got hyped a bit too with IO in the mix but it is the same damn patterns JB has done in the past. Major announcement>New interest>Fluff pieces that were going far>huge volume that is totally not dilution but has been every time in the past> Promises of things to come with no evidence of it>radio silence>next scam
Edit: Also have they even been answering questions?
We should be hearing news soon according to this tweet at the beginning of. July.
$UBQU The company is happy to see new investors discovering UBQU and Innovative Outcomes as we move into July. We will have news and announcements throughout the month and will answer all questions on X or at IR@Ubiquitechsoftwarecorp.com.
— Corporate $UBQU (@CorporateUbqu) July 1, 2024
w0w CE0 Kevin Lamb T0P 10 Healthcare innovators🟩F0rbes 0n DECK Huzzah! 0h B0Y $UBQU $UBQU pic.twitter.com/gNgqoDauU6
w0w NO R/S+MERGER AQUISITION 🟩ohBoy onDECKYowza! Hello. The company has no plans for a reverse split and looks forward to solid growth with Innovative Outcomes, Inc.
$UBQU Innovative outcomes already doing 5M🟩 inRevenue Annually and growing, with facilities already in place to help make it happen. Just watch what we do! $UBQU Innovative outcomes (OTC:UBQU) is an established company that's already doing 5M in revenue annually and growing, with facilities already in place to help make it happen. Just watch what we do! https://t.co/RU6f61UcnL
YEP HUZZAH! on DECK oh GIRL
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
My honest guess which I really hope is not true, is that either JB conned him some how or Kevin is not the saint being made out. Notice the drop in communication, this is standard JB playback after the dumps
I guess the real question is why would Innovative Outcomes want to reverse merge into an empty shell ticker symbol with 29.08B shares outstanding and 23.47B shares in the float?
How can IO be in alignment with a market cap of around $5.8 million dollars?
What is Innovative Outcome's assets vs liabilities? Where are their revenues/earnings to support this market cap @ only .0001/share?
Guess we just have to "wait and see" over the next couple of quarters and pray that Jeff Ballas stays FAR Away from the dilution machine
No,"Just Watch"
Ballas doesn't just make stuff up....or does he??
starting to look like another dud in the otc!
It's more like JB has dragged ubqu through the mud while trying to drown it and stealing ubqus pocket change.
UBQU looks to be stuck in the mud! On Watch but starting to look like another dud in the otc!
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
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