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Technologist, here is a link to XR Energy's document housed on the Nevada SOS site (does not mention Ballas):
https://www.nvsos.gov/sosentitysearch/mobile/default.html#Details
Tiger,
Here is what was posted earlier today by Geoff:
This is right off the XREG Board
m0n Monday, 03/11/19 09:36:48 PM
Re: NYMike1 post# 407 0
Post #
408
of 410 Go
$XREG CBD MMJ connection?? Consultant listed on Otcmarkets is the CEO for HempLife
“CEO/James Andrew Ballas
James Ballas, the former CEO of Ubiquitech Software Corporation, will now take the helm as the CEO of HempLife Today™ James brings an extensive background of over 30 years of marketing and has been featured in over 200 radio, television, and Internet commercials, Infomercials, and presentations. His expertise in advertising and marketing helps give HempLife Today™ the edge over its competitors.”
Me:
I also found this naming Allan Smethers the CEO of XR Energy (he is listed as our Accountant / Auditor (LKS and Associates):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147465673
I don't see a benefit for these two companies to working together, as they operate in totally diiferent spaces.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147459947
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=yKQ%252bqyluPdmyb7Lktu3e9g%253d%253d
It has to be the same guy (Allan Smethers), who is now the CEO of the reinstated XR Energy (XREG). James is also associated with this company.
You nailed it, same players, new company. Interestingly enough, they both have loans from Blue Oak LLC. As I pointed out last week, Blue Oak showed up for the first time on UBQUs disclosure last week for a loan issued in 2017 ($55,950).
I'm thinking Smethers saw what Jimmy was able to do with UBQU, and sees the same opportunity with XREG. They all seem to be a team (Ballas, Smethers, Naccarato).
Time will tell.
Why would Ballas be involved with an energy company? What benefit would this have for UBQU?
XREG has 500M OS...maybe they see the same opportunity there (lots of room to grow it to 10B).
Look at XREG's last disclosure statement from 2015:
https://backend.otcmarkets.com/otcapi/company/financial-report/148258/content
Its the same Legal Counsel - Owen Nacarato, and Accountant / Auditor - LKS and Associates.
Hmmmm!
I have not followed XREG at all, but saw this reference over on the UBQU board.
What are the thoughts here?
Unfortunately, UBQU has tanked this past year mainly due to stock dilution. We went from 900k OS to 7.4B in a year.
If you go back to 2014, Allen Smethers is actually listed on the disclosure statement:
https://backend.otcmarkets.com/otcapi/company/financial-report/127716/content
Smether's is associated with LKS & Associates, Ltd, UBQU's accountant / auditor.
The address for LKS is listed in Lakeville MN (a home business), and is also listed as "inactive".
Interesting.
Geoff, is this the same thing you are referring to?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147465673
If you look at the officer listed here (Allen Smethers), he is UBQU Accountant / Auditor (LKS).
Thank you Scratch, as always, appreciate the info.
@Scratchgolf, it's time for another conference call with Mr. Ballas.
Owen Naccaroto was legal until just recently changing over to Mark C (probably figured he better get out while he could.
Saw the same thing regarding the financial preparer. Located in MN (home business). Listed with jurisdication in MN, and also listed as "inactive"...how does that work?
Sure seems like it's the good ol boys network, where Jimmy and friends get rich, and we lose. Guaranteed that J Gamemm and some of the other lenders are his friends.
Sure sounds like Kwame Kilpatrick (Detroit's ex mayor. Once in office, he and his friends got rich. Where is he now??? Prison
Is it possible that the shares were issued, but can't be converted for 2 years?
My point is that they are reporting 2017 debt that was never on any earlier documents. How does it just majicLly appear now?
Any accountants on the board that can explain this from the financials?
$55,950 is owed to Blue Oak, LLC for monies advanced to a subsidiary of the company
during 2017. This is the first time this is showing up on the disclosure documents (never mentioned in 2017).
$70,000 is owed to J. Gamemm LLC for monies advanced to a subsidiary of the company during 2017. This was reported as $65,000 on all other disclosures, how can it go up for a past loan?
Sloppy or creative accounting?
Automobile expense:
2018 - $26k
2017 - $13k
2016 $6k
What part of the business would generate auto expenses? Cars for Jimmy and Luke? If so, their auto taste is definitely increasing.
What happened to the process changes they reported on in the second quarter that led to a huge increase in sales? Per this statement, revenues should have been up, not down.
July 17, 2019
CEO James Ballas said “We made some changes to our sales and execution models during the first part of this fiscal year and are beginning to realize some of the effects of these changes. The company experienced a 37% increase in sales from April to May. We are confident that these changes will lead to more consistent sales increases and ultimately higher margins for the company. Most importantly, these changes will better support the company plans to increase our loyal customer base and expand our brand awareness. The Company already has plans underway for fourth quarter, and into 2019, and the Company is very excited about what might be realized from these initiatives going forward.”
Not sure it matters, but their Legal counsel is now listed as NA on the disclosure document (the law firm had been with them for several years).
Also noticed that under assets, Investment in New Company is 991k, up 615 from LY. Must be Cryptobuy...not sure how they can count that as an asset???
Why no 2018 financials? This is the first q they have missed.
Its the same for the CANNAZALL trademark, ABANDONED - FAILURE TO RESPOND OR LATE RESPONSE
12/8/2017
https://www.trademarkia.com/trademarks-search.aspx?tn=CannazALL
If they were really working to secure them based on the Nov 30 PR, wouldn't the status reflect "Pending" or something other than Abandoned??
Are they really doing anything, or just blowing smoke????
Mike, did you see this one for Hemplife Today
https://www.trademarkia.com/trademarks-search.aspx?tn=hemplife%20today
Status = ABANDONED - FAILURE TO RESPOND OR LATE RESPONSE
1/3/2018 (sounds like our boys...not following through on anything!
Its about for time for Moose and Rocco to go find Jimmy and Luke.
Mike, Your analogy is spot on, the only issue is that they are selling good products...maybe they didn't think that would happen, and now don't know what the hell to do :).
The initial lenders most likely cashed out way before the pps dropped to where we are now. We don't know what kind of conversion price was put on the 4B shares that were added to the O/S over the past couple months (it has to be much lower than $.001). This information won't be out until the Q1 results are posted sometime in April.
I am not selling...I am down too far for it to really matter.
Maybe I am totally naive, but I still think this company has unbelievable potential. As many have stated, they have great products, and the issues called out regarding their shipping, seem to have been eliminated.
If Ballas would just come out and provide real updates to the plans he has laid out, he could turn this thing around.
Yep, was looking at that again the other day as well. J Gamemm is definitely a questionable lender, which I believe Smokey had called out quite a while ago. Probably just another friend, who turned just over a $100k in loans to well over million dollars, Sure wish I could have ben part of that club :).
So how could a "Inactive" business accountant be handling UBQUs books?
This is really getting scary.
The accountant listed on the disclosure document is:
LKS & Associates, Ltd
20562 Jupiter Ave Lakeville, MN
55044
lksandassociatesllc@gmail.com
LKS does not come up when searching for accountants in Lakeville MN, so I googled the address, and found that it is someones home (should have known by the gmail account). Just so happens that Lisa K Smethers (LKS) is about the same age as Jimmy. Probably another friend making huge cash off of us.
https://www.whitepages.com/address/20562-Jupiter-Ave/Lakeville-MN/16CXi8uXNLgXLJLSzuMnLL
If I am not mistaken, the financials will not include any ambaasador sales, as it really started after the Q4 end (Nov 30).
I doubt we will see much change in the debt either, as the share dumping kicked in in Q1. JMHO
Financials SHOULD be out tonight after close...we'll see what that news does for us tomorrow.
Investor Relations:
Craig Fischer - phone #786-375-0556
Let’s hope that none of UBQUs note holders:
• Common Sense Holdings, LLC
• J Gamemm, LLC
• Blackbridge Capital
• GPL Ventures
• Beacon Capital
Are scammers like this guy was:
https://www.sec.gov/litigation/litreleases/2019/lr24403.htm
How freaking long does it take for a name and symbol change? Hopefully they are not paying the supposed firm that's helping them with this process very much money.
Has anyone gone through this process with a different company?
I just hope we do not see another PR saying that they re-evaluated everything and decided their current name fits the future...deja vu
2018 financial results are due out this week (last year they were delivered on Feb 25).
What are with these $3 trades (20k @ 0.00015)? It has to be an MM based on price. Why would they be doing that?
2018 year end financials should come out this week (maybe after close today...last year it was Feb 25).
Thanks Orion, I read and appreciate your posts.
We are in the same boat, waiting for the tide to come in and raise us up!
Text from Smokey:
"I actually contacted them even again back in January but they were closed due to the government shutdown the only problem with the SEC is that it's a one-way conversation they can't get back to me they can follow up but they can't keep me in the loop all I know is the last time I helped them out they won the case and I got all my money back that I lost. Our purpose is not to scare them out of business but to scare them into being fair upright not manipulative and deceitful. putting them out of business would hurt all of us!"