Ubiquitech Software Corp (UBQU)

[penniesANDcrypto]

What is the company that made their website and is helping them with marketing? I totally forget!

[kid70]

On the dilution I am giving him a pass. We do have a new website and new products With that being said, No more passes on the dilution, unless he does something to increase the pps like signing someone famous to promote the products. It would be nice if JB would do a podcast maybe even be able to send him a few question for him to answer.

[Joe Burmeister]

I don't think he is dumb as we think he is. After all, it takes a genius to hide your assets from these creditors (AMEX, Wells Fargo, JP Morgan, etc.) for the past 5 years. Imagine a 60+ yro man with no real estate, or money in any US bank.

Why isn't he going back to GPL/R9 Holdings (from 2012!) and renegotiating some of these old notes? Maybe because the loans are fictitious. They serve a purpose to keep these fictitious loans on the books. He can justify issuing more shares to acquire more loans, and claim the interest payment ($26K last quarter alone) on these loans in perpetuity, but neither the loan or the interest exists, so he pockets the difference. It's just an elaborate game for him.

That way the company appears to be in dira financial shape, but in reality, the company is making in money, just not on the books.

[GKGgoins]

Yea, surprised they did not fix that, especially after you pointed it out last week. Is he horrible with money though or diabolical genius? He seems to be doing ok...

[Joe Burmeister]

When it comes to managing money, Ballas is incompetent. Someone who cant manage their own personal finances shouldn't be managing a public company.

$544k in accrued interest. He is getting more and more loans, with no intention paying any of it all, but the interest keeps accuring:

282,169 RJ Spalding (2012)
17,945 GPL
17,644 GPL
33,096 GPL
96,885 GPL
8,277 A2G
5,733 A2G
5,647 A2G
7,330 A2G
5,507 A2G
7,310 A2G
3,526 A2G
3,136 A2G
1,516 A2G
1,288 A2G
3,707 GPL
25,233 GPL
14,863 GPL
1,416 A2G
1,036 A2G
442 A2G
1,045 A2G
31 A2G
Total: $544K

This last quarter, he obtained $102K in loans from A2G in exchange for 3.1 BILLION shares. A2G assuming they converted at 0.0001, raked in $300K. Why aren't these A2G loans being paid off?

He used that $102K from A2G to finance operations:

Gross Profit 19,165
Expenses: $96,269
Income ($77,104)
Interest ($26,894)
Net Loss: ($103,998)
A2G Loan $102,000
Net Cash: $537

He can't stay float without resorting to loans to finance operations. But his loans are toxic loans, hurting the company's bottom line.

He needs to address the long term debt.

On another note, he totally lied in Section 8(B) Legal/Disciplinary History "...Describe briefly any material pending legal proceedings...": NONE.

[GKGgoins]

Why the 8th? Not 15th? On another note though... Who had the UNDER? They saw the 27B and kept it under haha

[James56]

It goes in his pocket no brainer

[Scratchgolf]

Looks like all my pleading to stop the dilution didn't help. If he has no money for inventory or other expenses, does he have a choice?

But then where did the approx. 15b of shares go from this last year before the new website was launched? We'll never find that out because it would be too incriminating.

[rmoss]

All i can say is shibu inu 546 trillion so whats a few billion. lmao.

[Scratchgolf]

Maybe the sell off of the 1's already happened. We'll see soon enough going forward.
Date Open High Low Close* Adj Close** Volume
Jul 15, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 23,200,894
Jul 14, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 12,887,500
Jul 13, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 3,290,000
Jul 12, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 172,480,105
Jul 11, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 25,347,425
Jul 08, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 19,635,511
Jul 07, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 27,223,500
Jul 06, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 19,988,768
Jul 05, 2022 0.0002 0.0002 0.0001 0.0001 0.0001 34,103,977
Jul 01, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 11,817,667
Jun 30, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 16,239,160
Jun 29, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 34,358,603
Jun 28, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 28,067,200
Jun 27, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 8,870,200
Jun 24, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 41,584,754
Jun 23, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 46,453,667
Jun 22, 2022 0.0002 0.0002 0.0000 0.0001 0.0001 201,272,735
Jun 21, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 3,955,200
Jun 17, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 17,830,490
Jun 16, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 467,868,146
Jun 15, 2022 0.0001 0.0002 0.0001 0.0001 0.0001 22,034,898
Jun 14, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 34,011,745
Jun 13, 2022 0.0002 0.0002 0.0001 0.0001 0.0001 807,510,415
Jun 10, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 26,867,332
Jun 09, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 16,278,166
Jun 08, 2022 0.0002 0.0002 0.0002 0.0002 0.0002 91,942,010
Jun 07, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 29,806,997
Jun 06, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 34,194,237
Jun 03, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 22,508,688
Jun 02, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 316,893,520
Jun 01, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 96,298,778
May 31, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 35,128,866
May 27, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 53,930,496
May 26, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 83,564,094
May 25, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 55,377,333
May 24, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 20,692,700
May 23, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 44,751,149
May 20, 2022 0.0001 0.0002 0.0001 0.0001 0.0001 21,293,634
May 19, 2022 0.0002 0.0002 0.0001 0.0001 0.0001 2,201
May 18, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 13,514,390
May 17, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 22,319,008
May 16, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 11,733,992
May 13, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 15,860,316
May 12, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 9,242,518
May 11, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 10,132,710
May 10, 2022 0.0002 0.0002 0.0001 0.0001 0.0001 13,749,733
May 09, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 30,293,242
May 06, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 24,898,667
May 05, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 734,347,939
May 04, 2022 0.0001 0.0002 0.0001 0.0002 0.0002 3,850
May 03, 2022 0.0002 0.0002 0.0001 0.0002 0.0002 56,446,501
May 02, 2022 0.0002 0.0002 0.0001 0.0001 0.0001 34,405,413

[kid70]

Another 2.4 billion on the OS

[kid70]

Otc has been updated

[Scratchgolf]

Agreed. As I pointed out too. Everything is skewed recently. Including penny stocks that had a surge so CEO's could dilute without any fundamentals behind the company.

[Fres]

That seems to be many stocks these days !

[Scratchgolf]

I think I stated my point on my previous post before that one.

Dilution and taking from the piggy bank is killing the stock price.

[campe]

Pay for performance went out the door with stimulus and free money for not working. Now, there is a feeling of entitlement where folks don't even want to go back to office.

Mike Rowe saw this coming a long while ago. Folks shy away from any dirty job or hard work. And here, it seems way easier to sell shares to make payroll.

[Fres]

And whats your point !!

[Scratchgolf]

Everything in moderation. Pay for performance is the American way of capitalism. But that may have been skewed in the last few years with everything that has happened.

[GKGgoins]

I would guess that Preya and the other new guy are being paid. However, if Mr. Ballas is taking a pay, that would be even better, then maybe the dilution scheme would not be necessary? Pay everyone on the books, dont dilute and make this company a good one...

[Scratchgolf]

One thing I want to point out is the fact there was $168k in expenses from consulting, professional fees and salaries for the last 6 months.
How much of that went into JB's pockets? As I have said before. He truly needs to have us to believe in him that he is in the trenches with us with this company. This mean not diluting shares for his personal gains or taking any type of money out of the company through expenses.
That is the way to show the markets you are serious.

[rmoss]

Wow I think JB is kicking it up a notch. Great job !!!!!!
I think with sizzel they send full payment to Cannazall and then collect the balance as it comes in. THATS A WINNER IN MY BOOK!!!!

[kid70]

CannazALL(TM) Adds Sezzle(TM) Payment Option Offering Customers Interest Free Payments
$UBQU #cbd https://t.co/QsGJKII5qx

[kid70]

Ubiquitech Software Corporation Announces New Live Website and CBD Product Line for Cannazall(TM)
$UBQU @CannazallC #cbd #otc
https://t.co/wH0BWRW95P

[80 bluchip 20 pot]

fin is out!
most of the 3B we've recently seen "dumped" was converted!
not sure since I didnt' want to add it all up, so maybe some of those 000098's were direct to ubqu's coffers.

the good news, profit was a tiny bit up, which is exactly what I expected because if we see a big bump from the new website and new products, it'll be in the next fin.

other slightly good news is the accountant I forget his name, preya, and mark cheung are mentioned. this isn't just a ballas operation any more.

bad news, the debt remains at 1.6M. I noted some were converted at 00005 and 0001 which is good I was worried the 000001 moves might hurt us btu they didn't.
other weird things was "interest" was 573K, which is a lot more than 10% of 1.6M, this could explain the larger conversions.

the good news is that at this time the debt is being caught up with. if that interest remains 573K quarter after quarter there might be a problem there, but it's clear monies being made are being churned right back into the company, and they filed precisely on time, which shows an intent on staying current with resolution.

if I thought fundies were the only issue that this company swung around, I might consider stacking the 2s and walking away.
but I definitely do not thing this way. we are in the second great depression, if we still had JEROME pumping money to banks and those banks yolo-ing on everything and the spy rocketing up, we'd be at trip 7 again and converters would be converting more and more debt would be caught up.

and those days will return. plus the fact that I am now 50% sure that this company has been cellar boxed by citadel. either they'll pump it to fake a decent "margin collateral" when they need to or they overshorted with tons of nakeds from 2019 to 2020 and they can't afford runs up.

in the end, I was really hoping to see debt at 1.4M not 1.6, but overall this fin says to me do not leave the play.

[Treasurehunter420]

It used to be .001 and not .0001, they are scamming us all.


“The Promissory Notes provide for interest at rates between 8% and 10% per annum that are payable on maturity dates from 2012 through 2023. These notes contain conversion features whereby the Conversion Price shall beequal to the lesser of a 50% of the lowest trading price in the twenty trading days prior to the day the Holder requests conversion or prices ranging from $.0001 to $.00005.”

[Treasurehunter420]

Now that GPL is being investigated he changed to A2G, same thing he did in 2018 he is doing now.

And some people here still defend them. Just read the financials.
Its right there, he put 50B AS because he knows he can slow feed this money to everyone else pockets but ours.

[Fres]

Good morning:)

[GKGgoins]

looks like gotta spend it to make it.... sales have not jumped much but them costs...

[flickie]

Filings out...

[GKGgoins]

its only a loss if you sell...

[slipihiv]

Another day I was I am to sell my shares for big loss at 0.0002

[Stonerex]

Fo Shizzle my Nizzle with Sezzle

[radly]

Cool you can get your CBC here and pay later

Buy CannazALL ™ CBC Today - Pay Later with Sezzle

[somanymike]

If you want to see how it's going to turn out, here is their current investors group page on FB.

https://www.facebook.com/groups/213360539299711

[Joe Burmeister]

Another fluff meaningless PR. Just like the phony debt settlement agreement from last November where UBQU "negotiated an agreement with its largest noteholder to retire all outstanding convertible debentures currently held by them". What bullchit. The latest PR accomplishes nothing other than to add 'Meta' to their repertoire of failed marketing strategies in the company's mission statement:

....seeks to be a leader in the hemp CBD health industry and utilizes its state-of-the-art global internet marketing, Metaverse marketing, Affiliate marketing, Direct Response (DRTV) Television, Radio, Internet Content, SEO, and traditional marketing to drive traffic to the CannazALL.com Website

Virtual land is not cheap in the crypto ecosystem. Money would be better spent in buyback shares, paying for celebrity endorsement, merger candidate, and/or reduction in AS i.e. things that actually create shareholder value.

The META path is just an excuse to sell more shares, with nothing to show for it in the end. Sounds like CryptoBuy.com all over again

https://www.globenewswire.com/news-release/2017/08/02/1245874/0/en/Ubiquitech-Software-Corp-to-Enter-Burgeoning-and-Lucrative-new-Cryptocurrency-Industry-with-its-new-Division-CryptoBuy-com.html

[kid70]

Looks like to me Action TA updates 2nd Fiday of every month. They are not waiting on info from UBQU.

[80 bluchip 20 pot]

I think so!

the kids I do know are like "that's where grandma goes to see pics of me!"
the rage right now is youtube shorts and tiktok.

I think they should be blasting all major social media.

[penniesANDcrypto]

Metaverse is a smart move! Web 3.0

[80 bluchip 20 pot]

Good morning UBQUites.


new PR out. Cannazall going to Facebook. long term might be good, after all our demographic will be 30+s and newbs to looking into non THC products will be 50+, perfect for facebook. would love to see some 1 minute youtube shorts and tiktok ads too to be honest.

will this be another tactic for "ballas to dump" ? in my opinion no, at this point the PRs are simply to expand the brand name and marketing base. pure fundies.
besides, ballas isn't as dumb as his haters would have you believe. the bid will most likely not be increasing today because the S&P is getting hammered. the second great depression is upon us, and the memes likewise are seeing resistance.

you might actually see the puny bid get attacked today because the MMs and hedge funds (and yes there were some youtubes that show CDEL owns huge tracts of many penny stocks of which I'm sure UBQU is one of the 8490 ticker) sell as they get margin called and further chaos as "smart money" becomes "no money"
I'm wondering if you'll see multiple millions go into CDEL's awaiting gullet as we go to 000001. things retailers can't or would not do.
anyhoo, still not scared or worried. at this point, with UBQU's marketing base expanding and Ballas if he did dump got a war chest of approximately 300,000 dollars, won't be filing bankruptcy and will be filing financials on time.
I'm not runnign the company and personal finances are my only forte, so of course since I think in teh way of an individual, I want Ballas to pay the debt first. I might be wrong on that, but it would be a strength to REMOVE the convertible debt holders at this point. at the very least, to increase the trust of the very unhappy folks who ....at the very least post on this forum. of course should he end conversions, then all sales at that time would be ballas for sure (then again, we all blame ballas anyways, so getting rid of the converters would be great)

I do not expect massive increases in sales, but I do expect that ramp up fromt eh website and new products on the NEXT one.
in the meantime, remember if we get slammed to nobid, look to the greater markets before despairing. unlike 2008, this time we retailers who are buying and holding are only losing on paper, while folks who made billions off your parents in 2008 are finally realizing losses of those billions or going completely bankrupt.

GLTA. the pain will end. and now I'm leaning toward it ending sooner than later.

[Fres]

Good morning

[Joe Burmeister]

I am curious why Ballas doesn't do these twitter promos anymore. You know, pay a few promoters a few million in stock, so they can front load this, then pump it, just to dump it. This would be good for the shareholders too. The longs can ride the wave with the promoters and dump alongside them and be out of this stock permanently!!

Much better use of UBQU shares than giving billions of shares to some toxic lender in exchange for a few hundred grand...well, see Ballas gets to keep those few hundred grand to himself, and shareholders get squat, so yeah, of course , Ballas prefers this approach. He is knocking on a toxic lender's door every month!!

The shareholders deserve some candy! We haven't had a run in over 9 months!! Just one more pump to 0.0005 and you will never hear from me again!!

So what do you say CEO Ballas? The alternative is for me to go and have a little chat with the Taboola's attorney about the CEO's past shenanigans.

[Scratchgolf]

I have to admit. It is kinda sad. JB has a lot to prove.

[ONELOVEMONEY]

Sounds good to me

[penniesANDcrypto]

We are trapped in 1's 2's land!

[Scratchgolf]

They have until July 15th before they are considered late. I would think the OTCM will be soon as well.

We can make some better judgements when we see both of them.

[GKGgoins]

When is that quarterly? And OTC update?
I would be onboard with just transparency... Say " we are bringing on this marketer, they are going to do this and this but will require using more company assets to make it work. We are ramping up inventories and online marketing, it will require company assets... give us a reason and a plan and end game..

[Scratchgolf]

They are making a huge push to turn this company into a powerhouse.

I just am making a campaign to hopefully persuade JB to not dilute the stock anymore than he needs to in order to grow the company.

Basically no more sweetheart deals with toxic debt and for him to work for basically free until he turns around the stock price.
He said he has more to lose than us shareholders. He needs to prove that to us if we truly are in this together. We'll be able to see how much in the quarterly when it comes out.

[ONELOVEMONEY]

They can’t be doing all this work for nothing. Our shares money they blew through already so they know they need to bring some big news to bring real money here

[GKGgoins]

No I am very often in agreement with you. The shares of this company have been just a consistent issue. I really hope we can see some turn around. Hell, if Mr. Ballas would quit playing with shares and run this company to its potential that 200K would have been a mere bump and the value of UBQU would be 100x.

[Joe Burmeister]

OK, maybe not a class action lawsuit but assist Taboola, during the asset discovery phase, comb UBQU books for accounting irregularities. After all, Ballas has to come up with nearly $200K+ to pay the default judgement, and that money isn't coming out of his pocket. Specifically, inform Taboola of the 16 billion shares given to GPL (12 billion last year alone) and find out what happen to the proceeds of those 16 billion shares. Make this CEO accountable.

This lawsuit better be disclosed in the upcoming quarterly as it does IMPACT UBQU shareholders as UBQU is listed as a defendant. But i bet you there will be no mention of it. If it was any other public company, the shareholders would be outraged at the shenanigans pulled by this CEO and demand his immediate resignation.

Wake up and smell the roses. With each passing month, the O/S will creep closer and closer to 50 Billion. Barring any earth shattering news, it's getting harder and harder to move this stock up a tick.