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U say that like u expected something different??
Another missed deadline, still delinquent. I wonder what they will tell the Administrative Judge in their hearing if they even show up.
What complete jokers.
But they filed their financials, no?...What do they still have to do by the 30th?
Can't wait to hear the excuses this time on the 30th. I am sure it will be like when they didn't make requirements to go nasdaq!!! Wow the stuff they come up with is unbelievable.
Time to release the evidence
Financial Statements are Incorrect (Fraudulent)
Well the UBIQ self promotion machine is gearing up again. How silly can a press release be?
Of slightly more interest is the 2015 they filed today. It raises, or more likely verifies, that UBIQ exists for one reason: to sell stock so the proceeds can go to the Carmichaels. They report having sold close to $5 million since 12/31/15. Also, they have now taken impairment charges making their IP near worthless.
Having said all the that, the most interesting feature is that they show $7.7 million in accrued legal to settle lawsuits as of 12/31/15. There is a problem with this. The lawsuits occurred and judgements rendered after 12/31/15. This is incorrect financial reporting, nee fraudulent. Who audited this stuff and signed off?
They should it is a complete fraud! Chris Brendan and Connie have done nothing but lie!! Email me
Jeff Avery: legal@jwics.net
Several of my clients are preparing a lawsuit against Ubiquity and the Carmichaels. We can coordinate.
10-k is out...if they planned in nothing then way this now
Lol!!! I have never heard anything so stupid!!!!! Pull your head out jjdub!
They never have or will do anything
10-k is out!
Looks like they are going to make a run at compliance. Lets go!!!
Theyve been getting away with it for some time now, the entire family.
Unfortunately, theres so many crooks in the market and everywhere else, law enforcement & regulatory agencies have a hard time keeping pace
However, the right eyeballs are on UBIQ now. Keep your fingers crossed some justice prevails eventually
That's exactly what it is, a sad joke.
Another sad, very misleading PR from the mind of UBIQ.
Let's see if they actually file to get current or have another excuse.
James warbanek only has 50,000 invested!!! Compared to the 2 mil we have in so how is he considered one of the big investors!!! Unreal! Tsolis needs to have Chris removed completely and these guys that claim they are big investors have barely anything in compared to us. What a joke!!!
Who are these guys that claim to be the biggest investors in ubiq!!!?? Because they are not!! Chris should and will be put in jail and not back in as anything with this company or anything else he is a criminal!
Hearing in January?
Where do you get this?
The Enforcement Division of the SEC
You can find a link on the SEC.COM website. Its an easy form to fill in. Or just call them.
Act fast before the hearing at the beginning of January.
I have tons of evidence on both Chris and nick so anyone know who I should contact please let me know
He hasn't been sentenced yet. He could get up to five years.
Chris will be in the next cell. I will bet he is singing like a canary to the Feds about UBIQ to cut his sentence as a part of a deal.
Nick mitsakos pleads quilty to securities fraud gets 5 years in prison guess who is next!!!
https://www.google.com/amp/www.ocregister.com/2017/06/07/former-ubiquity-ceo-pleads-guilty-to-securities-and-wire-fraud/amp/
Can anyone see who is lucky enough to sell their shares? And who is buying them??
I thought they had to the 30th
Good luck! When have they ever hit a date or launched a product ???
Friday the day they have to file audits?
Whats excellent about it?..it's just a rehash of the company filing...completely meaningless
Excellent analysis, worth reading
https://seekingalpha.com/article/4075584-ubiquity-inc-recent-sec-filings-press-release-raise-troubling-issues
promo coming or what? $$$volume big on Friday
Ok, they add Robert B. Fernander to the board. That is positive, an executive of his caliber coming on at this time tells me the UBIQ team is moving forward with their plan. Impressed that Bob joined at the current state of the company, I assume he has seen the potential of their plan working out. Small move but positive! I maintain my hope that this company will find its way
Is this horse dead?? Or barely kicking?
I agree jjdub with as much money I have had stolen buy these criminals any amount of hope is good.
PR full of half truths and lies.
Typical of UBIQ to put out another lying PR suggesting all the tens of millions of dollars they took for themselves and yet they can't file financials is someone else's fault.
Among the chief things the PR gets wrong is that SCM is an investor in Netlinkz (formerly known as iWebgate, get your facts straight UBIQ) and there is zero evidence of any actual revenue for UBIQ from whatever relationship there may be. This is all typical distraction and mis-direction. SCM does not control these companies.
BTW, Netlinkz is a very troubled, very small company in its own right. Surpised UBIQ keeps raising this, which if you go back and check was going to be a source of riches for UBIQ. Again, all hot air.
And, responding the way UBIQ did in a PR to SCM, who represents a large block of stock, shows the disdain that UBIQ has for their shareholders and doesn't address the issues associated with self dealing and violations of law that SCM raises.
If this wasn't sad it would be funny.
Listen if hope is all I've got ill take it...
I just saw this PR from UBIQ in reference to their plan as well as the situation with SCM.
http://finance.yahoo.com/news/ubiquity-inc-seeks-set-record-165600953.html
Like I said I have Hope.
Its dreamland if shareholders are expecting to recover anything from this nightmare. The chances are greater speculating in lottery tickets.
UBIQ holders need to accept reality, not false hope or wishful thinking.
I don't you think you have any more minds to change, you preserved good will is done. Now for those that are in restricted situations, all we have is hope that the recent k's will turn out to be true and work is accomplished...you all that have bashed this don't provide alternatives just frustration! Move on and find a new host...I think your done here. Or is there something else motivating you, something else that we can't see?
I don't know nor care...like I said earlier a delist or simple shutter would wash out the principles, I think they will fight to not have that happen. If there is a fight that is the side I will be on....the other side provides no upside!
There are many similar competing patents out there for similar types of things.
That said, as this will most likely quietly go dark and/or the debt holders will get the patent rights anyway we will likely never know if they have any value.
Either way the equity in this company is worthless.
I would only take possible exception to the patents
Deregistration Most Likely Outcome
In cases where a stock gets suspended and moves into the grey market the most frequent result is the SEC revoking its registration. There are virtually no cases where a stock has returned to a traded market.
In the case of UBIQ, even a cursory review of its history and what few financial filings there are lead you to conclude that this is its most likely outcome too.
Keep in mind...
- Despite tens of millions of dollars raised, that all went to the Carmichaels, there were never any revenues.
- After all these years, and all the promises, if the IP had commercial value something would have happened. It has no value.
- There is no cash left in the company and there are multi million dollar legal judgements and millions of dollars of defaulted debt to pay
- It will take between $350,000 to $500,000 that must be paid in advance to get an auditor to even due the work to file financial statements. Where will this money come from?
Do not be confused that the hearing before an administrative judge was rescheduled as indicating there is a glimmer of hope. Rescheduling happens all the time.
Holding out hope for UBIQ with this team of scam artists running the show is beyond ridiculous. The end game here is SCM is trying to get ownership of the patents...period
Current shareholders arent going to see any daylight here short of another P&D if the SEC is foolish enough to ever allow this POS to trade again with Carmichaels still in control, directly or indirectly
Hopefully justice will some day prevail and the prison population will increase by at least 2 or 3 more people as a result
Blue star
I agree with you, but I would say above all things they need to execute the play to be current by June 30.
Hopefully they have been working behind the Sean's and have other more business centric related news other then legal updates.
I have hope, that's a scary thing in this world but I do. The SEC has pushed off the court proceedings, that has to say they saw or heard saw something that didn't concern them.
The company seems to have valuable intellectual property
It seems like the company has valuable intellectual property. The biggest thing they may need is just an infusion of cash or the right licensing deal.
There is no glimmer of hope here, it's basically over.
Change in timing is not unusual. The burden of proof by management is very high. They have taken literally tens of millions of dollars out of this now corpse. Where will they get the cash to complete audits?
Also, almost ne stock has ever ended up in the gray market and been able to get back to the pink sheets or OTCBB.
The SEC will have a very hand and heavily scrutinize everything.
Hello everyone.
Just a few things that I wanted to say. First I can commend this group trying to get the share holders rallied.
It has been sometime since we've had positive news and direction. With that being said I don't know what to make of SCM's play here and what the real objective is. One thing that I do know is that through various legal docs UBIQ has stated they are working a plan to become current by June 30. They also had the court proceeding canceled that was to occur mid April.
There are other facts that have been stated in other K's that keep me with an amber of hope, those are Chris C's salary is accrued, he hasn't sold a share, took 1m in deferred salary to shares that are at .48. So many other things.
Below is the court order that canceled the mid April proceeding. The judge had to have seen something to say there is no need to hold the proceeding.
See below...
https://www.sec.gov/alj/aljorders/2017/ap-4744.pdf
All I can do today is hope that June 30 UBIQ is clear. My hope is now tied to factual K's vs optioned PR, seeking alpha posts or other nonsense non vetted postings, my other hope is this team starts executing their plan & UBIQ needs to Embrace their share holders. My opinion this is the side to be on. Now they have to execute!
releases.
They've been getting away with it for years... Im just surprised the SEC suspended the stock for delinquency (is that true?) and not suspicion of fraud..
Well, maybe "suspicion" is a tender word to use in this case
Heres some interesting reading from the past which I imagine many have probably already seen but like a good movie, you can watch it over & over and pick up a little bit more each time
http://www.ripoffreport.com/reports/specific_search/chris%20carmichael
Shareholders need to go to this!!! Let the authorities know the fraud that has accurd. Especially private placement holders. Chris, Connie, Brendan need to be out of the company and put in jail for the stuff they have done!!
http://finance.yahoo.com/news/embattled-california-based-technology-company-070700943.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZANlOHNiMmJoY2VzZTZmBGcDZFhWcFpEeHVjejVtTldZMVlqVTVaaTFpWkRGaUxUTXdaall0WVRFNVl5MWlaV000WWpkbFpESTVPRFk4Wm1sbGJHUStkV0pwY1E9PQRsYW5nA2VuLVVTBG9yaWdfbGFuZwNlbgRvcmlnX3JlZ2lvbgNVUwRwb3MDMARyZWdpb24DVVMEc3ltYm9sA1VCSVE-?.tsrc=applewf
Effectively Dead
There never was anything here, so I am not sure people are giving up. What is more the case is that the SEC's processes have now begun with the most likely outcome being deregistration.
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Market Value1 | $32,345,901 | a/o May 09, 2016 | |
Authorized Shares | 800,000,000 | a/o Sep 30, 2015 | |
Outstanding Shares | 154,815,056 | a/o Sep, 30, 2015 |
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$ 7.7 MILLION JUDGEMENT against UBIQ.
http://www.ocbj.com/news/2016/dec/21/ubiquity-pay-77-million-suit
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