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He has been ignoring pissed off shareholders for years. It's been one lie after another from this crook and he will say whatever it takes to give investors false hope. You should read back through the PR's over the last 4 years. One outlandish lie after another. Sometimes he replays the same lies 3 or 4 times before the people on this board finally accept that he never intended to follow through. I think this is the fifth iteration of the name change lie, and people still fall for it.
He has been reported to the SEC so often that I now trust the SEC about as much as I trust Ballas.
At least with conjugal visits he can continue to screw investors even after the SEC closes the doors on ubqu.
My personal suspicion is that he finally got hit with an SEC investigation and realized that if he doesn't at least make it look like he's trying to make ubqu successful he will find his crooked ass behind bars.
I think he was pointing out that submitting letters of resignation from previous agents (among other things) is a requirement for getting the name/ticker change.
Why even bother? I mean if you want the shares that's one thing. But trying to control the intraday pricing is pointless. People tried for literally years to make sure it closed at the high every day by buying shares at the ask right at 4:00. All they have to show for it is more worthless shares and a smaller account. And we still wound up here, at .0001.
He could call it so many things. It’s like ballas’ own personal gofundme.
What happened is he diluted it into oblivion. 20 Billion shares! lol. It amazes me the number of people on here that don't even understand why that's a bad thing and say stuff like "the share price can still go up, we just have to be patient".
A 20.00 pizza cut into 10 slices makes each slice worth 2.00. Adding shares is not like adding more pizza slices. It's like chopping the current slices into smaller and smaller pieces and expecting each smaller slice to retain it's 2.00 value. You might sell those crumbs to a sucker every once in a while, but nobody with even the smallest amount of common sense is going to pay 2.00 for 1/1000th of a $20.00 pizza.
I wouldn't be surprised to see a press release saying either he has stepped down as CEO or they are being bought out by another company. Of course it would just be an attempt to get the volume up so he can convert the rest of his shares before ditching the whole company and moving on to the next scam.
Last Facebook posts were March for Hemp life today and April on the investors one. Not even an update to say they are back in business.
Right! He's have to find somewhere else to order it from, lol.
Ballas is an idiot, but he is probably scared that anything he releases "officially" at this point could be used to put his dumb ass in prison.
I'm pretty sure .0001 is the lowest bid you an enter. Therefore, with the ask being .0001 all orders are filled and no orders will sit on the bid waiting to be filled.
Ballas only communicates when it directly benefits him. He went months without even communicating why they weren't shipping products or refunding money. Actually refused to refund and told people to dispute the charges with their banks (but even this was done through the BBB website). He will not communicate negative news, and the majority of the positive news he releases turns out to be BS. He isn't held accountable though, so he really has no incentive to change. Worst CEO in the history of CEOs.
Considering the actual values involved, they'd be better off giving away stock to all Cannazall customers. Currently 1,000,000 shares are worth about 1 jar of gel caps and a coke. Give away a few thousand shares with each order and every customer will become an ambassador. It's not as if they have a shortage of shares, lol.
That's the third time they have pulled that scheme with ordering prerelease gummies. Won't matter though, when they do it a fourth time people will still fall for it. As far as I know, they have never shipped a gummy.
The rest of the word isn't nearly as impressed with the fact that a 6 year old company that hasn't made or shipped product in 6 months to a year has finally started answering emails and appears to be back in business. It does give hope to stranded shareholders, but it is miles and miles away from bringing in new investors. Until they actually file some financials and find a way to prove that the company is actually worth more than the 2 mil market cap, it would take a truly careless trader to drop any real money on ubqu at this point. My guess would be that most shares traded in the last many months have been dilution and market maker shuffles. But I guess there's always hope.
The counts are off because all of them dilute so fast and it's only updated when they file financials, which is hit or miss with these guys.
Selfish, inept management.
That’s how they get ya! Lol
My guess would be that it's more paid promotion. They have a track record of pumping this stock full force when they want to move the stock price and/or dump shares. They don't even come close to meeting the requirements to uplist. Not the least of which is the minimum share price of 4.00. One of their problems has always been that they focus more on stupid stunts like that than they focus on building a decent company.
If it's not paid promotion, it's some dummy that is in too deep trying to get a bump so he can get out. Either way, it won't work.
Man, Ballas is so sketchy I have stopped trying to guess his next move. They haven't even filed any financials in almost a year. Haven't produced or shipped product in 6 months or so. For the last cpl months he has been emailing a few people telling them everything will be up and running in a week or two. Each email says the same thing, basically "we will be up and running next week". Then he doesn't do it, waits a week or two and sends a similar email. He's stalling for something but I have no idea what it could be. People that own shares now can't even sell them so it's confusing that he keeps dangling that carrot.
Well, he did say they are "Moving along for sure now.". Up until now it's just been regular promises, but this time it's for sure.
Yeah, that’s more likely.
Just to clarify, are you saying someone out there is claiming that the OS is 14.6m? Because if so, that transfer agent should be drawn and quartered.
I agree 100%. Any chance it has of recovery is getting trampled by the market.
I guess because that asshole Ballas has cost a lot of people a lot of money and has yet to pay for his crimes. He sits in his mansion on a golf course using everyone else's money to fund his lifestyle and still I see his victims on here hoping other suckers will come along and get screwed so they can make a tiny bit of their lost investment back. In terms of how much we each have invested here, even if you invested 10's of thousands into this company, unless you bought them all at .001, which would have been foolish, then the value of everyone elses investment here is just barely more than mine, which is zero.
I know everyone gets annoyed when I say negative stuff, but this stock isn't down because of the MJ sector. It's down because Ballas has run it into the ground. They haven't made or shipped product in months and basically refused to even address it. They have added over 19 billion shares without adding any value at all. This would kill a major corporation...no way a start-up like ubqu can weather a storm like that. Who in their right mind would purchase stock in a company with ubqu's track record? This thing is done. Has been for a long time.
Did the people that joined the ambassador program pay money up front to join it?
Someone needs to go visit the warehouse, distribution facility, office, or whatever the f**k UBQU is calling home these days. My money is on it being an abandoned office in the back of one of those little office complexes. If they have a single piece of manufacturing equipment or still rent a hemp field I will be amazed. This scam is coming to a conclusion.
Lol. In other words, he may communicate again when winter rolls around. This guy...
I could be wrong, but I think it will take a long time for the stock to reflect any positive moves made by the company. First they need to release some accurate financial statements (I know some don't think they matter, but you can rest assured, they do). I mean, this stock was trading at .0001 for a long time before the most recent round of shenanigans began where they just decided to stop producing or shipping product without letting anyone know. I guess if there was a bid, at least people could get out with something.
If you receive it, that would be the most positive sign here in a long time.Keep us posted, good luck.
For your own financial well being, I hope that’s not true. But hey, it’s your money. Well, it’s Ballas’ money now but you know what I mean.
Big money knows how to read financials. And they know that 20b shares * .0001 is already a 2 million dollar valuation for a company that hasn't produced anything besides converted shares and a few more dishonest emails in several months.
I understand you are trapped now and blind optimism really your only recourse, but insulting me for taking an opposing view just seems pointless. You've been wrong for going on a year now, so the insults don't really affect me the way you'd probably like for them to.
The only people making money on this are Ballas and his crooked friends. You can't short it at this level, and it definitely isn't going up. I'm here because I was invested here for a long time and I want to see what the outcome will be. I was really disappointed when he added those first 10b shares and I had to sell. It doesn't take much time or energy to post a few comments every once in a while when I work at my computer most days.
Anyway, even if none of you listened and got out when I warned you, maybe I saved some people a few thousand by directing them to the financials.
What is it you don’t believe? lol. Everything I’ve ever said about ubqu is verifiable by anyone that will take the time to look at the fins.
Oh I did. I got out a year or two back when ballas started throwing gasoline all over the kitchen. Now I’m just watching the smoldering ashes as the whole house has burned down.
What exactly gives you hope?
I'm a Ballas basher and I'm still here, lol. Just been busy away from the computer and not really much to discuss about ubqu these days.
Yep. Seeing him in jail would make me very happy.