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Has everyone given up on this stock?
They don't call them penny stocks for nothing. 2 cents. Wtf!
Its over. I guess its time to cut and run.
It only had a 10 day frozen period. (10 trading days)
I thought this thing was frozen...how did a trade go through?
What is the plan? Looks like they are done? .01 now. Ugh
They have a plan sent. Now they have to execute. I hope to see some great plans moving forward
This does not sound good. 4th down and 20 to go! Time to punt!
Oh, my.....
http://ih.advfn.com/p.php?pid=nmona&article=74183011&symbol=UBIQ
Item 8.01 Other Events.
Suspension of Trading
On March 20, 2017, the Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of Ubiquity, Inc., a Nevada corporation (the “Company or “Ubiquity”) (OTC Link: UBIQ), pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”). The trading suspension commenced at 9:30 a.m. EDT on March 20, 2017, and terminates at 11:59 p.m. EDT on March 31, 2017. The trading suspension may be extended by the SEC for a period of up to thirty (30) calendar days.
The SEC stated the following in its release (Release No. 80275)
The Commission temporarily suspended trading in the securities of Ubiquity due to a lack of current and accurate information about the company because Ubiquity is delinquent in its requisite periodic filings with the Commission pursuant to Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. This order was entered pursuant to Section 12(k) of the Exchange Act.
Periodic Reports that Have Not Been Filed
Ubiquity has not filed its Annual Report on Form 10K as of, and for the annual periods ending December 31, 2015 and December 31, 2016, respectively; or any of the quarterly reports on Form 10Q required under the Exchange Act for 2016. The Company has not been able to obtain the requisite financial information from a non-U.S entity that the Company consolidated in order to prepare financial statements and other disclosures that are required to be included in these Exchange Act reports. As a result of this significant issue, the Company could not have confidence that such disclosures would be true and correct in all material respects, despite the Company’s diligent efforts to obtain such information from its non-U.S. entity.
Administrative Hearing that May Result in Revocation of Registration Under the Exchange Act
Additionally, on March 20, 2017, Ubiquity was named as a respondent in an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Exchange Act, File No. 3-17884 (the “Order”). The SEC stated in the Order,
In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine [among other things]: … B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration, of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondent, and any successor under Exchange Act Rules 12b-2 or 12g-3, regardless of corporate name.
A related Administrative Procedures Ruling was issued on March 21 and provides that the administrative hearing will be held on April 17, 2017. A pre-hearing conference will be scheduled as required under this Administrative Procedures Ruling.
If Ubiquity’s registration under Section 12(j) of the Exchange Act is revoked, then Ubiquity’s periodic reporting obligations under the Exchange Act will terminate and the trading of Ubiquity’s securities will cease unless Ubiquity is able to otherwise register its securities.
The Company is assessing its best course of action under the current circumstances to preserve the value of the Company for its shareholders, including participation in the administrative hearing. There can be no assurance that Company will be able to prevail at the administrative hearing or that the registration of each class of its securities registered pursuant to Section 12 of the Exchange Act will not be revoked.
2
Appointment of New Transfer Agent
In March 2017, the Company terminated V Stock Transfer Company as its transfer agent and appointed Transfer Online as its transfer agent. Transfer Online provides free online access for stockholders to retrieve account information, share balance and history of transactions. Transfer Online provides the following information to stockholders:
? view & edit shareholder account information,
? view stock holdings,
? view & process proxy votes, and
? the ability to download commonly used forms.
Ubiquity has been informed by Transfer Online that it will distribute a stockholder information packet with instructions on how to create an online account. Each Company stockholder will then be sent an e-mail assigning a password. Stockholders may contact Transfer Online at info@transferonline.com or by calling the Transfer Online help center at 503.227.2950, and asking for the Company’s dedicated account executive, Carolyn Hall.
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 24, 2017
UBIQUITY, INC.
By: /s/ Brenden Garrison
Brenden Garrison
Chief Financial Officer
My bad, I never met the Mitsako's from TX, only the former employee of the Carmichaels. I try and get my thoughts straight before posting, but it's hard to keep your head on straight as I look at UBIQ history. My father has been in for a long time, and I fell for the Carmichael sales close about 10 years ago. We were unable to get the rule 144 removed, always excuses, then finally we had the opportunity to get it removed and no brokerages would touch this stuff. Brenden Garrison seemed like a nice guy when we met, but his reputation has become tarnished with recent events. Sorry for the errant post!
Here's something Janice Shell of the DD and Fraud board put together on SEC suspensions.
http://www.theotc.today/2013/11/the-sec-just-suspended-my-stock-now-what.html
An SEC suspension lasts only 10 trading days by law
Typically shares return to trading with a drop in price of between 30% to 80% from the day before it was suspended
The question now is will they ever resume trading. If so, then one has a dilemma. Does one try and sell all of one's holdings at any price so as to least be able to have the tax loss to offset other gains?
That is where they are in the drivers seat ever since the skull and crossbones went on them none of the private placement holders can get there shares released! So they will never become compliant with Sec so private placement holders cannot get shares out to sell!! So not only have we lost money we cannot even realize the loss!
Worthless, but...
Any careful reading for the last few years will have revealed that this UBIQ was pushing worthless shares.
The question now is will they ever resume trading. If so, then one has a dilemma. Does one try and sell all of one's holdings at any price so as to least be able to have the tax loss to offset other gains?
If one can't book a loss then the tax advantages become much trickier to obtain and use.
So what does this mean? They have 30 days to file and if they don't the shares are worthless?
Notice that I said I've never seen that before in my life.
Maybe I should get out more.
Yes, I am. You would suppose that if one is going to be late, the others would be too without having to be told. ( :
I see
notice that all four NT's were filed with the SEC on the same day, which conforms to the timing of SEC communication with UBIQ
I have never seen 4 consecutives NTs in my life. And they did it TWICE.
That's what's different.
Are you referring to the 4 "NT" all on the same day ?
Basically, "The whole year is late"
I've got a few delinquent crazies of my own I follow and have been waiting for them to be suspended. Usually, they just file a NT10-K and then nothing. This was a first for me. Maybe for the SEC, too? LOL Maybe they drew attention to themselves by doing that.
Stinky-pinkies are so crazy sometimes!!
Good Lord, I've never seen reporting like this.
http://www.otcmarkets.com/stock/UBIQ/filings
And it's been going on for two years!?
I have never seen 4 consecutives NTs in my life. And they did it TWICE.
That's what's different.
What is it that is different from this company and one that files NT's for late financials over and over again?
Good Lord, I've never seen reporting like this.
http://www.otcmarkets.com/stock/UBIQ/filings
And it's been going on for two years!?
Good Lord, I've never seen reporting like this.
http://www.otcmarkets.com/stock/UBIQ/filings
And it's been going on for two years!?
Oops!
UBIQ SEC Suspension for delinquent Financials / Filings:
https://www.sec.gov/litigation/suspensions/2017/34-80275.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80275-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-80276.pdf
About time !
UBIQ SEC Suspension for delinquent Financials / Filings:
https://www.sec.gov/litigation/suspensions/2017/34-80275.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80275-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-80276.pdf
UBIQ SEC Suspension for delinquent Financials / Filings:
https://www.sec.gov/litigation/suspensions/2017/34-80275.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80275-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-80276.pdf
I agree jjdub I have way to much money in this thing. And as the look of it this was all a scam . Sad that this goes on
This Mitsakos or that Mitsakos, I really don't care. What I care about is the insane amount of time it is taking for this company to either pop or blow up. The UBIQ team has got to get back to the "con" to let the public know what is going on....enough already!
And you have also met the Mitsakos in the state of Texas and can confirm they are the same? That is what previous posters have claimed...that he is the same guy indicted for Fraud in Texas some years back. I know it's easy to assume given the name and issues ...but he's not the only Mitsakos in the country.
I met him few times and talked to him on phone many times
As he and Chris gave there fraud speeches. So yes it is the same guy.
I met Nick Mitsakos, in person in Chris Carmichael's office and it is the same man.
So you are trying to say this isn't ubiq mitsakos? Lol come on you can't be that stupid
http://www.ocbj.com/news/2016/aug/18/former-ubiquity-exec-faces-sec-doj-charges/
WRONG...It is not the same Mitsakos. The Mitsakos charged in Texas does not have the same full legal name as the UBIQ one. A PI should have easily figured that out.
UBIQ is DEAD,you were scamed,the last AUDITED filing was for year 2014,after more than a decade of false promises there still is no product,no revenue.
This is only a vehicle to pay the outrageous salaries to the Carmichaels enb Brenden Garrison.
THEY WILL NEVER BECOME CURRENT WITH FILINGS!
UBIQ is DEAD,you were scamed,the last AUDITED filing was for year 2014,after more than a decade of false promises there still is no product,no revenue.
This is only a vehicle to pay the outrageous salaries to the Carmichaels enb Brenden Garrison.
THEY WILL NEVER BECOME CURRENT WITH FILINGS!
UBIQ is DEAD,you were scamed,the last AUDITED filing was for year 2014,after more than a decade of false promises there still is no product,no revenue.
This is only a vehicle to pay the outrageous salaries to the Carmichaels enb Brenden Garrison.
THEY WILL NEVER BECOME CURRENT WITH FILINGS!
When are they filing so we can sell our shares? Can anyone help fill in the gaps on what is going on with this company?
You know what happens every time it gets to .35 right back to .28. Back and forth controlling the stock.
Let me answer that for you: No. These people specialize in products being "just around the corner." The problem is, they never come. I don't hesitate in the slightest in saying that this is well-orchestrated (in some ways) fraud. Nothing more, nothing less.
Yup. Good points on this scam.
People, this is an out and out scam. These players (Carmichael, et al) keep getting away with this stuff. My dad was scammed by these very same people in a "company" called Skytech Interactive.
They are very good at what they do. They mostly go for easy prey (people who know little about investing, retired folks, etc), however, they're good enough to even sucker some fairly sophisticated people. They do just enough to not get caught.
Believe me, these people should be in jail. They usually stay one, very tenuous step in front of the SEC. The SEC declines to prosecute because, again, they have an ability to be in a gray area.
When they start getting enough heat from the investors, they blame the investors for causing problems, then shut everything down. By that point, they have already spent the money on themselves. Then they start a new scam.
The products are never coming. They put on a great show, but there are no real products. It's always, next month or next year. Don't walk, run away from these people.
I am, I would just like to have the app on my phone
Bloodguard
As a trader you should be happy with the action the last couple of days.
is UBIQ ever going to launch sprocket on android
are you ready for the last trading day of 2016, UBIQ set for 2017
impressive patents for the company http://www.ubiquitycorp.com/patents
UBIQ
$UBIQ seeks to enhance shareholder value through exceptional business performance and practices, but also through responsible and effective communication with its shareholders.
MORE UBIQ DD..........Hammer
http://ubiquitycorp.com
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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 |
9801 Research Drive
Irvine, California
92618
Mon - Fri: 9:00 am - 6:00 pm PST
24 hours a day / 7 days a week
949.489.7600
"Wolf of Penny Stocks" got $45,000 for Pump-N-Dump Promotion
Buyer beware
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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