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THIS IS RUBBISH
Like any professional firm dealing with a situation like this, if SCM was taking legal action they would contact investors directly.
Issuing unsolicited emails (spam) to Hartman or others serves no purpose.
I can understand your frustrations because I'm also an investor who has been on the Ubiquity chopping block.
Instead of sounding like a desperate child, let the professionals, including the SEC, do their job. If in fact your allegations are true, the appropriate agencies will penalize the Carmichael's accordingly because this is no laughing matter.
They haven't posted the UBIQ response or their reply on the SEC website
ATTENTION UBIQUITY INVESTORS!
Chris and Connie Carmichael are complete con-artists. They sold us all stock and have no intention of releasing the restrictions for free trade. They raid the company coffers giving themselves super shares and huge salaries with no investor meetings to vote otherwise.
The SEC and the Administrative Law Judge will de-list the stock in the next few days. Ubiquity Inc. will not declare bankruptcy as the Carmichaels DO NOT want 3rd party accountants looking into their finances - especially with still missing Q's.
We need to engage in a collective shareholders suit IMMEDIATELY. I have been called by James Tsiolis and Anthony Hartman from SCM who are currently working with investors to file against the Carmichaels personally and Ubiquity Inc. in the next few weeks.
You can contact them at Anthony.Hartman@scmlgroup.com.
I have been an investor for seven years with nothing but excuses and lies from Chris and Connie. Let's finally take back our company from these frauds!
Can you share more?? You seem to be well connected with info
Yeah...what is wrong with these guys?
The SEC hasn't posted anything about the motions and replies since 30 June
How are we supposed to know what's going on?
Why? I thought Sec filed judgement yesterday?
Do any shareholders have any thoughts on this is going to play out??
CALLING ALL UBIQUITY INVESTORS
If you have any evidence of wrongdoing by the company or its officials please report it immediately to Elisabeth Grimm: grimme@sec.gov
Thank you.
Omg. Place your bets on how this will all unfold!
Ubiquity, Inc. and Carmichael Under Fire for Coercion and Fraud
http://www.kswo.com/story/35899771/besieged-technology-company-ubiquity-inc-and-ceo-chris-carmichael-under-fire-as-majority-shareholder-announces-coercion-and-fraud
Interesting day to see how this might all unfold and play out!
They promised the Court they will already be compliant (June 30). They obviously aren't.
They were scheduled to respond to the SEC on July 10. If they did the SEC has yet to post their response. The SEC's response to their response is due tomorrow. That will provide a better feel for where things stand legally. If you read the judge's order on June 30, you will see she is skeptical of UBIQ management.
When is the date now they need to be compliant by?
Dont discount their ability to raise the requisite capital to restructure UBIQ...
They're probably scouring retirement communities for new investors and checking the obits for the surviving elderly receiving inheritance as we speak.
How this ends...
There are two separate questions in play. The first is will the SEC prevail and have the share registration revoked. If so, Ubiquity continues except that the stock gets delisted and can't trade on any markets.
The second is the financial situation and obligations of the company. We know a few things. The company is in default on all its debt (or convertibles) in the amount of at least $3.3 million. In total (excluding legal settlements and derivative liability) that have $9.5 million in liabilities -- all of which are current.
We also know that to the degree they have cash they burn through it quite quickly and that they have no operating cash flow. We don't know how long the private placements (the proceeds of which all seem to go to the Carmichaels) can continue.
They have also taken impairment charges on the patents, marking them to essentially worthless. We also don't know if there are any liens against the patents.
We still lack an audited set of financial statements from 2016 -- they are not in compliance, which may influence the administrative judge -- so these numbers are all provisional.
So, either they can reach some form of agreement with their creditors, or the creditors can force foreclosure and which point the company would likely file for bankruptcy protection and everyone will fight over the remains.
I would completely discount their proposed "restructuring plan" as selling $5 - 10 million of additional stock looks to be a very heavy lift.
Ok. If your right and the Feds do take them away... what happens to the company??? And the patents?
Do they shut the co down??
Have we all just done our $$??
If you have not written this investment off youre just kidding yourself. Chris Carmichael and Connie Jordan are using this company as their own personal piggy bank, its just a matter of time til the Feds raid.
What do you mean who cares???
I do for one and many others that are invested are seeing the right steps occurring...
Yes long way to go but if their intentions are to not be compliant why do this?
There are some that said you'd never see a fin doc produced.
Now we have two and a positive result in a suit...
Who cares, Chris Carmichael and Connie Jordan are both going to jail for fraud. Just like Mitsakos, just like Jaclin. There is no legitimate business being done at Research Drive. The building has no employees other than Chris, Connie, and Brenden and two $20 an hour employees.
The bottom line is this: Ubiquity could not file simple statements showing cash in/cash out FOR YEARS.
Its not like they are Google counting up all the divisions profit and need extra time to figure out tax benefits. There is NO profit. They have spent the majority of this time hiding funds they have paid themselves thru Paypal, their AMEX's, and shady 3rd party brokers like Jaclin and Mitsakos.
Brother I get it! We are aligned but when you see steps in the right direction you need to think it's moving...you can't think they would produce all you listed, everything right away...
Steps...they seem to be going in the right direction.
Just need to see more and get compliance...
Why?? Because they are still not compliant and have never delivered a product to the market after all these years and money spent.
On the website it has the sprocket but can you actually download it anywhere? If you can, send us the link.
Also, giftsender beta?? Where is it?
Immersed marketing was another great opportunity 12 months ago, what product has been delivered to market to leverage the IP and get traction? Anything??
Now they are talking about iot as it's the latest buzz word. What product is coming out???
In order for us to have any chance of a return on our investment, we need to see a product taken to market asap that gets validation, revenue and then trust from the investment community to then develop other products using these patents that are quoted.
It's that simple.... it's not that hard..
Now seeing a Q come out makes me think they are putting their best foot forward...why do this for any other reason then to get compliance!!!
I don't think it is a negitive but if they are not compliant it means nothing for investors.
How do see that news as a negative
UBIQ seems to be taking the right steps! Good job! Still need compliance! Still need revenue producing biz plan.
A good step none the less
https://www.streetinsider.com/dr/news.php?id=13088844&gfv=1
WTF?
Seriously, WTF? Are any of you insiders at the company? I'd be curious to hear from you.
With all due respect, this company has been the poster child for scam for quite some time. It's a shame you tossed away your money before realizing it.
Frankly, if the lightbulb didnt go off that an otc sleazeball company with UBIQs history passes up on a $150m payday because the real value of their patents are worth billions, I dont know what to tell you
Sorry to hear about your real losses. Its too bad they never had a real business and it was all about personal enrichment.
And yes realworld. I was told the same about billions!! Chris said he did not do amtec deal for 150 million because the patent is worth billions!!!
And I will show u all our wire transfers and private placement purchases. If you want proof of the 1.8 million in case you think I am lieing
Please sue me.
Everything you say in your post is complete nonsense. I would happily provide you my contact information and see you in court.
I have not posted anything that is not backed by facts and in fact in almost all cases just report on things from UBIQ SEC filings and press releases.
Let me know if you, or your lawyer, want to talk. I can't wait.
Why would I manipulate a stock that me and my friend have invested 1.8 million dollars in?!! If anyone wants this stock to do good it is us!!! I used to listen to Chris and believe him and post on here backing ubiq until I saw what was really going on now I post on here trying to prevent anyone from going thru what me and my friend have gone thru!!!! Lots and lots of lies!! I have put all my information on here for a reason and that is for anyone who wants to hear what I have learned will contact me. And there is not one thing I have said on this site that is not true! So why don't u put your name and number in here for us to contact you?! Or is this Brenden posting on here?
Actually they have pitched them as being worth billions.
I agree this con is over. Unless they are prosecuted their next grift is already in the works.
Do not kid yourself, Chris and Connie have pitched those patents as being worth millions. Even going so far to claim Google and Cisco were planning to acquire Ubiquity because of their patents. Im sure you heard this lie too. Im not saying I agree. However, they are the only real value Ubiquity has left, do not be shocked if Chris and Connie in their greed have already moved those assets to another private company and are now raising in that new shell. The con is up.
Their patents are basically worthless -- they have written them down on their 2015 10-K.
These are small little last gasp stock moves. They face an uphill battle to convince an Administrative Judge not to terminate their registration.
They have never had an business and do not seem to have any prospects.
What is causing this price movement?
What are they doing with their patents? WHat is the most valuable thing they have still?>
SEC/UBIQUITY CONTACT
Ubiquity investors, if you have any evidence of wrongdoing by the company or its officials please report it immediately to Elisabeth Grimm: grimme@sec.gov
Thank you.
SEC/UBIQUITY CONTACT
Ubiquity investors, if you have any evidence of wrongdoing by the company or its officials please report it immediately to Elisabeth Grimm: grimme@sec.gov
Thank you.
What is your favorite UBIQ Lie?
There are so many. Mine is we are going to list on NASDAQ when they didn't meet any of the listing requirements. Ha, ha.
Nothing surprises me. When the stock started tanking Chris told me someone got there shares and were selling them illegally and that is why the stock was dropping and they are going to sue these bad people. And never once do you see any lawsuit or anything in 10k about these bad people. I sure hope that 10k has all the wire transfers that investors did to buy private placement shares.
Which sounds better, the dog ate my homework, or we were locked out of our offices?
Wow I knew the excuses would be bad but getting locked out!!! Lol unreal
UBIQ SEC Admin Proceeding:
https://www.sec.gov/alj/aljorders/2017/ap-4902.pdf
U say that like u expected something different??
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Market Value1 | $32,345,901 | a/o May 09, 2016 | |
Authorized Shares | 800,000,000 | a/o Sep 30, 2015 | |
Outstanding Shares | 154,815,056 | a/o Sep, 30, 2015 |
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OTC Magic Running Paid Pump-N-Dump promotion Oct 2016
$ 7.7 MILLION JUDGEMENT against UBIQ.
http://www.ocbj.com/news/2016/dec/21/ubiquity-pay-77-million-suit
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