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We need to start calling Ballas either Annie or daddy Warbucks.
They could reduce it to 1 share and with no sales, no production, no products shipping, no filings etc., etc...that 1 share wouldn't be worth .0003
I’d hope so. They have been promising it forever.
I guess time will tell. I think it's dead. But I could very well be wrong.
I think it's just that nobody wants to throw away even 10 bucks just to find out if people are allowed to buy a stock nobody wants, lol.
Looks like it's still trading. Someone bought $60.00 worth this morning.
Yep. They had a ton of potential. It was looking great right up until they took on that unnecessary debt to be paid with convertible shares and added the first 10b shares to the books. Prior to that there were 500m outstanding shares and they were making good money, making headlines, increasing revenue month after month etc.
They were setup to be HUGE. Ballas squashed all of that for some short term personal gain. Hard to imagine a worse CEO.
No problem. www.ubiquitechsoftware.com used to have a page that listed the companies they owned and those that were in development (cryptobuy.com). I just checked it and that site is still offline.
Blue crush is owned by ubqu same as hemp life today is.
I think that goes both ways though. For example, I'm baffled by the infinite optimism of those that have clearly been scammed yet continue to hold out hope for the stock and the company.
I guess I understand that at this point it's the only chance of getting any money back. But to ride it down this far, getting upset with those that were posting warnings and sharing actual proof that Ballas was ripping people off..to me that's the real mystery. And still, it's the motives of the people questioning him that are being brought into focus, rather than just admitting Ballas is a worthless piece of crap and should be jailed?
What good reports?
Yeah, they ran him out of it and tracked him down. Found him hiding in a hole somewhere. Although with the countless examples of the peasants and townspeople storming castles when it needs to be done, I'm not sure how one example of it not happening would support sitting around watching them run away with your money.
Ballas has to be amazed that you guys aren't storming the palace already.
The best possible news would be completely new management. Whether through a buyout or just cleaning house internally. The current management has done so much damage, that anything they do now will likely just be met with distrust. And rightfully so.
If Ballas doesn't dump into any volume, you might get a bump from flippers if they release some great news. But it shouldn't be valued anywhere over where it is until they do something to warrant valuing the company at 4m or better. Currently it's valued at 2m because the share price can't go any lower. .0002 would value it at 4m.
If they release some crazy great news and enough flippers fall for it you may be able to get your money back or even profit. If it does jump, I would get out fast. Or at least set a stop loss so you don't ride it back to .0001 again.
Whether they get their act together or not, Ballas has done EXACTLY what those guys are going to prison for.
They went from 500m shares to over 20 Billion in like 2 years.
They used pipe companies (we traced these companies out a while back and reported them here and to the SEC). In the case of UBQU, they were actually investment/loan companies that no longer even exist!
They paid these "companies" with convertible shares.
They used paid promotions (along with outright lies)to bump the share price so they could dump these shares and make their money.
The converted the first 10b for about .01. That's $100m. ONE HUNDRED MILLION DOLLARS. Plus whatever they get/got for the second 10b.
Whether or not they make it into a legit company now is irrelevant. What they did is illegal. The legality of it is not based on whether or not you guys get your money back. It does not depend on the performance of the stock at all. Illegal is illegal and I hope this POS and his buddies go to prison. I do, however, sincerely hope that you guys get your money back one way or the other.
This should TERRIFY Ballas. Scheming bitches stealing people's money.
"It’s often known as death spiral investing because the conversion rates enable the investors to get millions of shares with relatively small investments.".
This will be his downfall, and it will be a beautiful say.
Probably a tax related move. Or to make the sec switch the investigation to another office, lol.
I would love for all of you to get your money back. That's why even after I closed my position I gathered all of the info that led to that decision and sent it to the SEC. I've submitted that info twice. Not because I expect to get anything back for myself, because I wont, but because these scammers need to be accountable to the investors that weren't so lucky.
I understand buying and selling. Trades occurring at the ask and bid. My point is that those rules cant be applied here because retail traders can't trade below .0001. You can not place an order to sell or buy a share of ubqu at .00005. .0001 is the magic number for us. Therefore, with Ballas and company converting the remaining shares they have, "buys" at this level don't carry the weight that "buys" would in any other situation. Have you ever seen a time and sales window like the one I posted? Literally 28 trades of half a million each at .0001. Most happening in a 8 minute window. That's not Joe Trader filling his position.
My posts in the past were not stated as facts. They were all positive until it became an obvious scam. Most disappointing day I ever had as a trader. At this point I am certain they have scammed us, but I don't know if it started out that way.
I have never posted on ENRON. They didn't cost me 13k in profits (or any money for that matter) and I didn't get to know fellow investors there the way I have here.
If it was a purely financial decision I may be tempted to pick up a bit as a lottery ticket. But it's not. These scammers have been more dishonest and inept than any company I have ever followed. I have no desire to be a part of that.
Lol, loading up from where? That .0001 ask has been there for weeks. Yes it's the MMs, because it's their job.
The only difference between me discussing this stock and you guys discussing this stock is that I am not still being scammed and defending my scammer.
You win. They are accumulating. Best of luck.
This board does not affect the stock in any way. It's a place to discuss this POS company that has scammed us all. If you all think I have some financial interest here, so be it. I couldn't care less.
It is a dump. There is no bid because you cant place a buy order below .0001. Try it and let me know how it works out. If you think an investor is accumulating this junk with 28 orders of .5m blocks, you should probably have taken my advice months/years ago and run from this trap.
Just what exactly do you think my motives are? What could i possibly gain from pointing out the games these guys are playing as this company slowly meets it's demise?
Keep up with those conspiracy theories and continue ignoring my warnings that NOBODY IS ACCUMULATING UBQU. It's dying, and I'm the only one on this board that has continually warned you and been correct 100% of the time. But keep insulting me while your money disappears.
You should worry less about reading me and more about reading financial statements.
Nothing suspicious here....
http://prntscr.com/osobjx
Who are they buying from?
The problem is he has said that since it was @ .02 years ago.
So the day after people get promo email for a company that is no longer shipping products or giving refunds, we get a 14m dump. I hope it was an investor bailing and not Ballas dumping more shares.
It's only counterproductive if nobody actually orders the nonexistent products or sees the promos as a sign that the company is rolling along and they should snatch up some shares at "the bottom".
That just means you sold for a loss then repurchased the same within 30 days. It's a tax thing.
No. To short a stock you have to borrow the shares from a broker. And as far as I know, they will not loan shares on a stock like ubqu.
They are similar in that you cant buy options for stocks at this level and you cant short stocks at this level.
If you’re happy you aren’t poor!
I disagree. Lol. I am here to make money. I don’t like to leave money on the table but I am almost never “all in, win or lose”. I do t play pennies anymore. Mostly trading options now and believe it or not, it feels less risky than these POS pennies.
I sold at .013 which was my break even. Everyone else stayed in. I am not concerned about missed profits here. I saw the dishonesty and bailed. I’ll let you judge for yourself if I read it right when I saw the financials and warned everyone else of what was to come.
Yeah I’d be skeptical too if I was long ubqu. But then again, not sure what I would have to gain by sticking around other than satisfying a curiosity. Also not sure why anyone would be long ubqu given the circumstances, but I guess that’s why you doubt my sincerity.
I was a strong ubqu supported until those fins came out with more convertible debt. Cost me all of my profits (13k) and almost cut into my investment. I recommended ubqu to friends that lost money. It’s probably bordering on an obsession at this point, but I can’t seem to look away.