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I confess it wasn't me
Well let's go, good to see there are a few more bulls out there...
Up or down
What's coming
What exchange did you use to sell 146btc?
Absolutely! Every OG bitcoiner had expectations that 30-40 +% drops after big runs....it has happen each time and each time it underlined the next leg up
Can only hope we got f'd the last time it shot up
It's a good stock I didn't see this info yet!!
Where did you find that news?
No JJDUB is a normal guy....I should know
Fantastic!!!!
You send me the info!!! Exciting times!!!??
UBIQ is not giving up! With today's q that leaves only one q and then the K, followed by 2 q's for 17!
If they do this they will become compliant...this is only good for share holders!
Boys it's posted in the 10-k. The K that was audited...
I guess I'm a bit confused by some of these postings.
From the recent K it seems like the carmicheals are significantly funding the company. See below a direct pull from the K.
Also, about not have auditors combing the books? Below is the letter that UBIQ is fully audited.
And lastly there seems to be a valid attempt to get compliant. Why drop the K and Q if you are not working to that end?
Below are the pulls from the recent K.
For the year ended December 31, 2015, Chris Carmichael loaned Ubiquity $1,204,905 and at December 31, 2015 was owed $605,172. The loans are memorialized by contracts bearing 8% interest annually.
On June 9, 2016, Christopher Carmichael filed a UCC-1 financing statement for his amounts owed as an officer director and loans to the Company totaling over $2,000,000 owed at the time, listing the Company’s intellectual property and other fixed assets as collateral. Chris Carmichael had previously loaned the Company $14,571,612 through personal loans and amounts secured by his family for business expenses for the two years ended December 31, 2015 and 2014 respectively, including $8,065,771 for the year ended December 31, 2015.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS
The Shareholders and Board of Directors of
Ubiquity, Inc.
We have audited the accompanying consolidated balance sheet of Ubiquity, Inc. and its subsidiaries (the “Company”) as of December 31, 2015, and the related consolidated statements of operations, stockholders’ deficit, and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2015, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 12 to the consolidated financial statements, the Company has negative working capital, has incurred losses from operations for each of the past two years and has not yet produced continuing revenues from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are described in Notes 12 and 13. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ HALL & COMPANY
HALL & COMPANY Certified Public Accountants and Consultants
Irvine, CA
June 23,2017
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...
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...
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!!!
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
10-k is out...if they planned in nothing then way this now
10-k is out!
Looks like they are going to make a run at compliance. Lets go!!!
I thought they had to the 30th
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
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.
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!
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.
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.
I thought this thing was frozen...how did a trade go through?
They have a plan sent. Now they have to execute. I hope to see some great plans moving forward
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!
We need some momo....sitting tight for too long
20 for go pro would be a monster move...can't see that but 14 at acq...I can see that...lets go GoPro
As I know it, most default judgements are purposeful from the defendants point of view. Typically this follows with a counter suit.
Again, standard legal proceedings IMO...
Thanks for the heads up in this, but for clarity it seems this is not exactly the facts. It seems this is a default judgement to statute of limitations not a win or victory...nor award aligned to this...seems like standard legal proceedings IMO.
Now they've made this public, it's time to execute. Brave new world for Ubiq.
http://www.prnewswire.com/news-releases/ubiquity-inc-committed-to-file-its-financial-statements-300366391.html
Oltimer
There seems to a trend, if you look back you see the blitz of postings followed by a void, then they reappear just before another announcement. If that trend is true this could be good IMO....