Ubiquitech Software Corp (UBQU)

[campe]

Definition of insanity - doing same things and expecting different results.

If he keeps diluting like he's been doing, we'll keep seeing the same results.

[Fres]

Shoot a game of golf with him and let him win ! That might be a start ;)

[Scratchgolf]

I will love pivoting to being positive. That is why I am trying to have JB change his ways. We all know about that definition thing about doing the same thing over and over again and expecting different results.

But here is the question. Is he not changing his ways because of greed or is it because he can't? He needs capital. How does he get it without dilution. He is not open about that.
Is that because he has something to hide in his greed or because it would be damaging to shareholder's confidence if they knew how dire capital is needed with no other choices? Either answer to why he is not open shows that we aren't in this together.

The game changes if sales sky rocket.

[Fres]

;)

[Fres]

Just tryingggggggg to be positive:/

[Treasurehunter420]

He is not trying his best, if he was he would not add another 30B shares, we all know that.
We are all waiting for a dead bounce cat otherwise he will just keep diluting jnto the oblivion.

[Scratchgolf]

I agree with everything you said. I guess I am frustrated because he stepped away for others (Mike Baker and ?) to run the company and put the company in this current diluted position.
I do think he is trying but he should not be paid anything now based on his past mistakes until he can get the share price up. Be in our same boat and base his pay on share price so he would be just as motivated as a shareholder. But he would say that is ridiculous.

[rmoss]

Im with you Scratch all the way or all the way down. one or the other. But in my book hes trying much harder to make this company a big deal and I for one am ok with it going up and down as long as he is trying, and i believe he is. For one atleast he has some help and is using avertizing companies to get the word out and giving some nice incentives for us if we buy and sell the products ,discounts and such. Not only that these products are of the VERY BEST QUAILITY AND WORK. So in essant hes done the hard work now we just wait for the results.
Im retired so i can wait. Lots invested here so my rewards are in good hands IMHO.

[Scratchgolf]

I agree. But why would JB change course now? As he has said, his only focus is to grow the company. Unfortunately he would not want to take any money out of his own pocket to have a share buyback.
He increased the A/S to 50b for a reason. He will use up everyone of those shares to grow sales and put money in his and insider's pockets as he moves forward. There doesn't seem to be any in between as a comprise with shareholders.

So what can he say in 6 months to a year, which is the time frame he said to give him, if sales are still dismal and we approach using all 50b A/S? Possible answer: We won't hear a word from him. He'll just disappear.

What is his choices to stop the dilution and to grow the company? That should be the real question we should be asking him and him discussing possible options with us.

I don't think he wants to be that open about it because that would hurt his piggy bank.

So, our only choice is to hope and pray something magical happens and for sales to sky-rocket and the dilution stops. That is where I am at because I can't get out even if I wanted to now.

[Fres]

Buyback would sure move this !

[ONELOVEMONEY]

I’ll be happy with one for start

[Risk vs Reward]

UBQU needs a POD of whales with as many shares as this bloated pig has diluted over the past year or more

[ONELOVEMONEY]

We need one whale to give us some action

[BillieGoat]

Could be a nice runner if ballas actually says something and does it !!!!!!

[sylvia07]

https://otcbb.swingtradebot.com/equities/UBQU:OTC

[FluidMan]

agreed that's what its really all about, of course the bears love to pretend that UBQU has done NOTHING thus far that would increase sales, I completely disagree and see a new much boarder, more diverse, third party tested product line. Also I haven't experienced any of the shipping issues of the past in well over a year. I know I'll be buying some more of the new tincture soon, and I bet many others are enjoying their new products! Looking forward to the next quarters fins if they aren't at least double this past quarter I'll be quite surprised/disappointed.

[Chip79]

Sure would be easy for Ballas to provide details on the debt and share issuance for debt conversion. It just doesn't make sense that remaining loans amounts are what they are based on the number of shares issued over the years.
Also, why is it that interest accrued just started appearing in the recently released disclosures? New concept??

[Joe Burmeister]

The company needs new creative ways to issue more convertible debt. He has 50 billion shares at his disposal. He is constantly looking for ways to unload shares. Whether its to buy mediaplex, addshopper, website changes, metaverse, virtual land, "consultation", etc. Selling convertible debt is his cash cow. Notice i said "his", and not UBQU. None of these projects add to the sales, but it does inflate the LT debt & accrued interest ($544K to date). Even if these loans are paid off, it's not reflected on the company's books. Those loans represent money in his pocket, and when the company makes money, he can claim the increased revenue goes to offset these non-existent preputial loans & accrued interest, thereby adding more money to his pocket. The net result is zero or negative net income.

I doubt if UBQU will ever make a profit...at least not on the books. As long as there are no checks & balances put in place to prevent CEO abuse. The CEO can't be the same person as the CFO. I don't think Smethers actually looks at the books given the number of inconsistencies & omissions. But then again, Smethers has just as bad a reputation as Ballas. Ballas wouldn't think twice about swindling others for his own personal gain. You just have to look at past history with Bidtwister, Amex, Taboola, etc

[somanymike]

It's all out there in the financials. But watch how quickly the 3 or 4 gatekeepers attack you for even looking at the fins. That debt is exactly what I, and some others, have been talking about. IT IS A SCAM. Period.

[GKGgoins]

IT probably is... thats the problem. Its all paper debt, in the real world, not even in the metaverse is it real because of shady dealings. They have to provide some numbers to be able to stay on OTC

[ONELOVEMONEY]

Hope they tell us they are doing lots of sales

[Treasurehunter420]

They diluted over 4B shares with average price of 0018, all the debt should be erased by this point.

[Chip79]

Definitely not the case Treasure :). Probaby was a better Q for Preya, James, or even Mr. Smethers, but we do know they monitor this board.
They need to be more transparent regarding the Company's financials when it comes to debt, as what they post does not make sense based on the number of shares that have been handed out for debt conversion
(Instead of debt, we should have a surplus).

[Treasurehunter420]

Someone will come here and tell you that you are a bear and are shorting the stock.

[Chip79]

Another debt question:
-Lender: R Holdings 9, Inc.
-Loan Date: 08/30/11
-Principle Amount: $251,962
-Amount Still Owed: $242,962
-INTEREST ACCRUED: $270,054

Shares issued for debt conversion:
-1/11/2017: 12,000,000
-5/20/2017: 20,000,000
-1/25/2018: 30,000,000
-1/24/2019: 90,000.000
--Total: 152,000,000 Shares issued, some when the stock price was in the pennies).

Question: How could only $9k of this loan be paid off, with all of the shares that were issued for debt conversion. Also, how could the accrued interest amount be greater than the original loan?

[campe]

Virtual real estate to sell virtual gummies to avitars....?

I wish they could just focus on the business basics, get some + cash flow, and then get creative with discretionary funds.

[Chip79]

Latest Tweet: "The Company is currently exploring more land acquisition options in several different Metaverse virtual worlds and will keep shareholders apprised as to its Metaverse program through further news and Tweets. $UBQU #metaverse"

As mentioned prior, it would be nice for the Company to disclose what is being spent to make these acquisitions.

[radly]

Is this at $.01 yet? lol

[kid70]

I would agree

[ONELOVEMONEY]

Hopefully they are doing strong sales.

[slipihiv]

Another day I can’t sell my 17mil for triple 2’s ….

[Fres]

Looking better here imo :)$$$$

[GKGgoins]

That tweet was very unclear but probably referencing the NFT site, which again doesn't do anything to move a needle. They really should get in to these retail locations, but not their own. There are thousands of B&M CBD stores, get product placed in them and start building brand awareness.

[Treasurehunter420]

Sorry, it is an online NFT location. Not a physical store as I Hoped but it will be easy to confuse people in the future.
Lets see how much more dilution it will cost us this.

[Treasurehunter420]

They say on the post that “they will” it should be a Physical store but they lie so much, who knows.

[Chip79]

Is this a brick and mortar or a virtual store? If B&M, perhaps Preya could posts a few pics???

[Treasurehunter420]

This is where they are getting their retail store:

https://www.springsapartments.com/apartments/co/colorado-springs/springs-at-allison-valley/

Hopefully its an actual store and not another apt to stock products.

[Chip79]

Corporate $UBQU
The first retail site for CannazALL™ CBD products will be located at The Springs of Allison Valley, Colorado Springs, CO, and the Company has plans to soon purchase more locations. $UBQU #cbd #cbdhealth #cbdoil #cbdgummy #cbdnews

[somanymike]

Fool me once, shame on you. Fool me dozens of times over a decade, "nAme cHaNgE iS c0mInG".

[radly]

Watch “UBQU - Americas Most Untrusted CBD Company Since 2014”

[slipihiv]

Come one people please buy my 17mil shares at 0002 that I’m trying to sell for past months they are half price I paid for help a brother here and by my triple 2s lol

[Fres]

Good morning:)

[kid70]

Watch “CannazALL™ - Americas Most Trusted CBD Brand Since 2014” by @QuickReachMedia on #Vimeo https://t.co/lBBg8uYbFD
$UBQU #cbd #cbdoil #cbdhealth #wellness #thc #marijuana

[Smilin_B]

This and FOMC

[radly]

This has to be the worst current OTC stock there is

[GKGgoins]

Kid see my previous post... there is confusion on that...

[kid70]

After doing more research the avg cost is 12000

[GKGgoins]

Joe, there is some confusion on that. What UBQU purchased was not the virtual property as you are referring to. Yes, in the digital "land" is not cheap, however what was purchased was like a digital overlay of REAL land. I searched and tried to find the exact location that this purchase was but couldnt line up the maps. Here is the site...

https://metaversesestate.com/collections/usa

[Joe Burmeister]

Land in the metaverse is not cheap. Certainty not $450. Here is a list of land for sale on the Sandbox community (prices are in multiples of ETH which currently is trading at $1600):

https://opensea.io/collection/sandbox

Just like in the real world, location on the map can significantly impact property prices in the metaverse. A plot of land next to rapper Snoop Dog's virtual real estate in Sandbox reportedly sold for $450,000 in December. Other factors that impact the value of real estate in the metaverse include parcel size and the popularity of the metaverse platform on which you choose to build.

[Treasurehunter420]

JUST IN: Congress appears ready to send the first-ever cannabis bill to POTUS' desk, per Politico.

— unusual_whales (@unusual_whales) July 21, 2022