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It would help if Ballas took the time to really let us know what was going on behind the scenes:
How much money was actually poured in Cryptobuy, and what are their plans for it now (can they sell the name and anything that was actually developed)? It isn't enough to just say it's not the right time. If he screwed up and it was wasted money, just say that.
Why the big influx of shares over the past few months? Was it to pay down debt (CSH loans that reached maturity), or was it to pay other bills, and debt levels have remained unchanged? Just tell us.
Who is the the new financier? Just tell us so that we don't feel it's another line of BS.
What's really going on with the name change? What stage are we in? Are we still collecting required information? Has everything been submitted and we are now waiting on FINRA? What are they telling you the timeline is? Once again, just tell us, so that we don't thinks its round 3 of a no name change.
These are the simple things he could put out in a PR to give us shareholders a real update.
Tiger, Smokey and a group of other longs did contact the SEC last summer regarding UBQU's antics.
Not sure what, if anything came from that contact.
Thank you for the the update Scratch, appreciate it.
Biggest issue, is that the Q4 fins won't include any information on the huge number of shares that have been issued over the past couple months, and any impact they may have had on the debt....we'll have to wait til April for that.
It's interesting that he said a start up takes a lot of money. The HLT infrastructure and business has been in place for multiple years, how much longer can he state that? I guess the hundreds of thousands blown on Cryptobuy (or millions based on share conversion) didn't help us.
Let's hope they get it together!
Scatch, its time for you to have another conversation with Jimmy, to find out wha the hell he's doing.
With all the shares that have been issued over the past couple months, the debt better be paid off.
Same ol pattern...news followed by huge dumps. Something is definitely fishy here.
Jimmy, where are you with some real news? Tell us the debt has been dramatically paid down or apid off.
The issue is that all of the stock issuance that has been going on over the past couple months won't come out until the Q1 financials, 3 months from now.
Seems like we are always waiting fro something that never appears.
With the O/S now at 4.85B, whats the chances the previous debt has been paid off? But then again, seems like he would have definitely put that in a PR, if this were the case.
Wishful thinking!
Craig Fischer - phone #786-375-0556
$.0002, come on, this is absolute BS!
Where is Ballas, or Craig F? They need to provide us with real news, with real facts.
Why can't they share the number of ambassadors that have signed up? Instead, he just states its FAR EXCEEDING expectations. What is it 10, 100, 1000?????
At the end of Q2, he said that they saw huge increases in sales (37%) based on newly instituted processes. Where's the update on that? Something tells me that it went by the wayside, and something new will be thrown at us in the Q4 financial PR, to give us hope for something else in the future (it's always coming).
He told us the name of the company conducting the lab tests, so why not give us the name of the company completing the Name and Symbol change? Or, the name of the new financial lender? Are they really there???
Don't know if anyone noticed, but in the recent YouTube video shared last week, Luke looked like he was walking out of an apartment room...must be their so called "headquarters".
Somebody needs to do something to turn this thing around.
Orion, Any luck with this?
Orion777 Saturday, 02/02/19 12:04:19 PM
A discussion with Ballas - Yes!
I will try on Monday.
Not sure that this this news will relate in more sales as Jim has stated:
https://finance.yahoo.com/news/hemplife-today-gives-shareholder-third-110000569.html
It will be interesting to see the year end financials, to see how true this statement was (from Q2 news PR):
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.”
Here is Craig F's phone #786-375-0556
You can text him at this number also.
Orion, here is CF's phone (just in case) #786-375-0556...Good Luck!
Orion, Would it be worth trying to get phone conversation with Ballas? If he talked to Scracthgolf in the past, it seems that Craig F. could get something arranged for another long tome shareholder to have a call with him as well.
If he did, he might spew nothing but BS, but at least it would allow him to hear from someone that was a true champion for the company, but has now soured due to the developments over the past few months.
May be worth a shot! JMHO
According to Spokeo.com, Luke Dreyer lives in New Port Richey FL, and Ballas lives in Tampa. So the so called "headquarters" must be in the Tampa area.
bigarow, any chance you could add a link to it? Thx
New CEO?
What news?
Smokey's looked into the address that they have listed for Denver, and there is nothing there. Sounds like they are in the Tampa FL area, but no one knows where...probably their homes.
Over a year ago, they had a PR stating that they had increased their warehouse space, but once again there were no details.
They seem to lack the ability to provide details for anything they talk about:
New financing deal - WHO WITH?
Firm to complete name change - WHO IS IT?
Ambassador sign up numbers greater than expected - HOW MANY DO WE HAVE?
What's so hard about providing these details? Doing so with help suppress some of the concerns we have.
Where is this headquarter office that our buddy Luke referred to in the last PR? We know it's not in CO.
@Scractgolf...hoping you get your phone call with Jimmy soon. Maybe he shed some light on these huge sell blocks.
Does any know where the "headquarters" that Luke is referring to is? Based on information provided by Smokey in the past, it is not in Denver. Jim and Luke are supposedly in Florida, so where is this place? If we knew, maybe one of our posters could go pay them a visit to see this lovely studio, and find out what the hell is really gong on.
COO, Luke Dreyer, adds: “Our tracking shows that when Jim does a video we get a more favorable response in our sales, and that’s a big plus for the growth of the Company. In fact, we find this to be so positive that we have installed a studio at our main headquarters where we can get an idea on a Monday, and have a professionally produced video with a real and experienced talent in a matter of days
Thank you Billuka, happy to see they followed through on their stated plan...maybe they are finally turning things around.
Can anyone verify if the Online Ambassador Sales portal was activated last weeK?
"Ubiquitech Software Corp. (OTC: UBQU), through its subsidiary HempLife Today™, is informing shareholders that it will activate and go live with its Online Ambassador Sales Portal the week of the 21st"
Thanks Scratch, hoping you get another chance.
Scratchgolf Friday, 01/25/19 03:42:05 PM
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I have been trying. CF says it's on the agenda for Ballas. Stall technique (maybe)? I have been buying a lot more at .0004. I have had a buy in at .0003 since open this morning. They won't give it to me. I see only about 3 million were sold at .0003 all day. So I suppose only the MM's are getting them there or maybe out to the 5th decimal point.
Scratchgolf - It may be time for you to have another conversation with Jimmy, as you are the only one he seems to want to talk to.
Scratchgolf Friday, 11/30/18 02:26:18 PM
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Just as an FYI. I spoke personally with Jim Ballas on the phone a couple days ago. As a large shareholder, I felt it was important to talk straight to the person running my investment. Just like most here, I have been skeptical of what has happened over the last year. But I have to say, after speaking with him, I feel more positive about our future. He is a very likeable and believable guy. I truly believe he is doing the best he can now to take us to the next level. Whether he does or not is the question now. But he answered a lot of my questions that were bothering me. We didn't talk long enough to dig deeper because I had to go into a meeting. I am hoping to talk with him some more in the near future to pose some more questions. I have bought a lot more today because I feel we have a real shot to be at much higher prices in the near future. I would strongly suggest everyone do the same, but only you can answer what your risk tolerance is, but I feel your rewards could be great. It looks like a lot more people are buying today. Looks like things might be brewing.
Why would CSH's be dumping at these levels? All of the debt conversion shares that had a maturity date of 2018 & 2019 were issued at $0.001. You wouldn't think the shares that have been issued since September would have reached a maturity date where they could be cashed in, unless they were issued with no date restrictions.
Not that it's a big deal, but where is the PR to say they completed the online portal for the ambassador program, which was to to be completed the week of the 21st (according to the last PR)?
Mr. Ballas, where are you? Why aren't you communicating with your shareholders on what you have done with the share structure. Were these shares issued to pay off the existing debt (which would be good news)? Was the conversion timeline shortened for these new shares?
We are bleeding to death, give us a tunicate.
Weren't the Q4 financials due out on January 15th (45 days after quarter close)?
It's almost all buying today, how is this not moving up?
Here is a link to the GLCO site, which references HLT...maybe its old??
http://globallinkscorp.com/home/hemp-life-today/
Is it possible that the additional increase in the A/S (to 10B), be to thwart a take over? With pps this low, it wouldn't take much to scoop the company up.
New filing raising the A/S to 10 Billion!!!!
Why is he doing this to us??
All these press releases are an attempt to add excitement while he does things behind the scenes to drive our pps into the ground. Can't wait to see the Q4 financials this week...there's probably more bad news in those. Jim, do you really have a clue as to what you are doing? Please tell us what you plan to do with the Cryptobuy site that you spent over $651K on (or really $6.5M based on share conversion)?
What a way to ruin a good Sunday, Thanks Ballas!
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071017054&fileId=20191031635
One of the items that Ballas said they are pulling together for the name change was this:
"Signed and notarized proof of shareholder approval for all corporate actions".
How does this work? Has any of the larger share holders on this board been contacted requesting approval?
The CSH shares that have matured now, have a conversion price of $.001, which is higher than where we currently sit. You would think the newly issued stock would have a maturity date in the future. So once again, why would they sell at these levels?
Based on the sizes of some of the recent sells, it has to be the CSHs behind them. But, why would they sell their stock at these levels, when the outlook for 2019 is favorable, which would allow then to make a ton more money? Is it because the notes hit their maturity mark, and they have to sell them? I don't get it. You wouldn't think that the shares that were issued over the past few months would be eligible for selling.
Once again, how can a company with $4 million in sales, manageable debt, and profit be selling at this level?
Smilin_B, that is an excellent point. If they started this back in mid-December, the paperwork should have already been filed, which by the sounds of it, has not happened yet.
this list should have been pulled together in one day (they did not ask shareholders to vote on the name change the last time they supposedly had already filed with FINRA for the previous announced name change).
Below are a list of items that are currently in progress to facilitate the Company name and symbol change to HempLife Today:
Signed and notarized proof of shareholder approval for all corporate actions.
Proof of Board of Directors approval for all corporate actions.
New CUSIP number
Approval from transfer agent.
Certified stamped amendment to articles of incorporation for the PUBLIC company.
A history of the public company since inception showing all mergers, reverse mergers, name changes, amendments to articles of incorporation, etc.
List of officers and directors along with any letters of resignation, board minutes of appointments, shareholder votes for board members, or filed form 8-K showing the changes in officers and directors.
The Company will be sending all pertinent information to FINRA as quickly as possible and will file the state documents with a two-week effective date, make application to FINRA for Other Corp Action under Rule 6490 application, notify DTC, and obtain a new CUSIP identifier.
Allenc, that's the issue, there is no transparency associated with who the the shares are being issued to.
Here are UBQUs lenders and the amount borrowed from each.
$251,692 R Holdings 9
$114,008 Common Sense Holdings,LLC
$115,000 is owed to J Gamemm, LLC
$220,000 is owed to Blackbridge Capital
$150,000 is owed to GPL Ventures f
$50,000 is owed to Beacon Capital
$900k TOTAL
The Promissory Notes provide for interest at rates between 8% and 10% per annum that are payable on maturity dates in 2018 and 2019. These notes contain a conversion feature whereby the notes are convertible in whole or in part, at the sole discretion of the holder, into shares of common stock at a conversion price of $.001 per share or the company “par” value.
Hopefully the company hasn't taken on more debt over the past few months, and the additional shares added to the OS, where used to pay the maturing notes.
The company has issued at least one PR in the past, announcing a a debt pay off...maybe we'll get lucky and see something good regarding this.