Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why can't he provide some real stats, is it 2, 20, 200, 2000??? Also, why doesn't he speak to the increased O/S (additional 1.4B) now that it is reported on the OTC Markets website? Let's see some true transparency!
The Company is proud to announce that it is well ahead of its initial projection of 10,000 active Wholesale/Ambassadors by 2022, and also its projection of each Wholesale/Ambassador adding up to $15,000 per year in gross revenue to the Company.
CEO James Ballas states, “We are very happy with the incredible response to the wholesale ambassador program we are experiencing to date, and we are way ahead of our stated goals at this time. With Phase two on the way this month we will have the most unique distribution program in the industry, and we will be increasing our number of ambassadors daily. We believe that this, along with all of our marketing plans for 2019, and our pending name and symbol change, will help us to continue to have a special edge on the industry.”
@Somanymike, if memory serves me correctly, last spring, you stated that Q3 would be a quiet month with regards to share issuance, and that the bottom would fall out in Q4. You nailed that one!
The scary thing here, is that they doubled the O/S over the last 4 months, going from 1,374,908,905 to 2,744,908,905 shares.
If the debt was not reduced dramatically, something is really wrong.
Share issuance history:
2018 (Through August 31): 146,880,630 shares
January - 43,880,630
March - 65,000,000
April - 38,000,000
No shares were issued during Q3, but it seems pretty obvious that they were back at it during Q4, and now into Q1.
2017: 483,723,275 shares
January - 30,000,000
February -22,000,000
March - 58,000,000
April - 25,000,000
May - 21,000,000
June - 62,383,727
July - 55,000,000
August - 30,000,000
September - 55,000,000
October - 57,839,548
November - 55,000,000
December - 12,500,000
2016: 158,250,000 shares
January - 6,500,000
May - 6,850,000
June - 6,500,000
July - 4,000,000
August - 13,800,000
September - 45,600,000
October - 30,000,000
November - 15,000,000.
December - 30,000,000
We will have to wait until the Q4 financials come out to see who the shares were issued to.
With this huge jump in shares over the past 4 months, is it possible that they could have cleared their debt? Probably wishful thinking.
reb, have you heard back from Craig in IR?
12ka - If we were at 3B+ shares, they would have had to issued 1.7B shares from Sept-Dec. Think that is really possible?
Link to A/S increase filing:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071017054&fileId=20181823989
I believe a huge portion of debt can be attributed to our defunct Cryptobuy.
Quauntum / Smilin, Thanks for pointing out my mistake (got carried away with the zeros).
Chip79 Wednesday, 01/02/19 09:10:45 PM
As of August 31 2018:
Long Term Debt $838,200
Investment in new company (Cryptobuy??) $615k
A/S 5B
O/S 1,374,908,905
2018 (Through August 31): 146,880,630 shares issued for debt conversion ($.001 / share)
January - 43,880,630
March - 65,000,000
April - 38,000,000
No shares were issued during Q3, but it seems pretty obvious that they were back at it during Q4, and now into Q1.
2017: 483,723,275 shares issued for debt conversion ($.001 / share)
January - 30,000,000
February -22,000,000
March - 58,000,000
April - 25,000,000
May - 21,000,000
June - 62,383,727
July - 55,000,000
August - 30,000,000
September - 55,000,000
October - 57,839,548
November - 55,000,000
December - 12,500,000
2016: 158,250,000 shares issued for debt conversion ($.001 / share)
January - 6,500,000
May - 6,850,000
June - 6,500,000
July - 4,000,000
August - 13,800,000
September - 45,600,000
October - 30,000,000
November - 15,000,000.
December - 30,000,000
As of August 31 2018:
Long Term Debt $838,200
Investment in new company (Cryptobuy??) $615k
A/S 5B
O/S 1,374,908,905
2018 (Through August 31): 146,880,630 shares issued for debt conversion ($.0001 / share)
January - 43,880,630
March - 65,000,000
April - 38,000,000
No shares were issued during Q3, but it seems pretty obvious that they were back at it during Q4, and now into Q1.
2017: 483,723,275 shares issued for debt conversion ($.0001 / share)
January - 30,000,000
February -22,000,000
March - 58,000,000
April - 25,000,000
May - 21,000,000
June - 62,383,727
July - 55,000,000
August - 30,000,000
September - 55,000,000
October - 57,839,548
November - 55,000,000
December - 12,500,000
2016: 158,250,000 shares issued for debt conversion ($.0001 / share)
January - 6,500,000
May - 6,850,000
June - 6,500,000
July - 4,000,000
August - 13,800,000
September - 45,600,000
October - 30,000,000
November - 15,000,000.
December - 30,000,000
Thank you Smilin, makes sense to me now....I was stick on the .0001 conversion share price.
I agree on the additional shares Snilin, but why would they be dumping @ .0009 or .001, where they would make no return on their loan?
How is it possible the over 1/3 of the OS have been traded so far today? Why the huge sells?
The A/S is 5B, but the O/S currently stands at 1,374,908,905.
As was stated in the press release, the signed Farm bill will hopefully lead to more favorable financing in the future.
I have been here for a couple years, with my initial purchases in the high $0.02's.
Although there have been quite few unkept promises over the past couple years, I do have a renewed faith that things are going to turn around for the good, and that our tried patience will be rewarded.
GLTA! Have a Happy & Safe Holiday Season.
President Signs 2018 Farm Bill Legalizing Hemp At The Federal Level, Paving The Way For HempLife Today To Rapidly Expand In All Areas In 2019
GlobeNewswire•December 21, 2018
Denver, CO, Dec. 21, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Ubiquitech Software Corp. (UBQU), through its subsidiary HempLife Today™, is acknowledging the 2018 Farm Bill signed into law by President Donald J. Trump at 4 PM Eastern on Thursday 12.20.2018. This historic bill ends the prohibition on hemp and hemp derived products and now makes them a legal agricultural commodity in the United States.
Because of the 2018 Farm Bill HempLife Today™ will have all previously stated opportunities available in 2019. These include banking, order processing, advertising; online, print, radio and television, shipping, public awareness, and more, in order to help with more rapid expansion of all areas of the Company.
CEO James Ballas said, “This is the greatest news for our industry and we publicly thank the Congressional bipartisan group that brought this to fruition, and the President for signing the Bill into law. This now allows HempLife Today to operate over time without the many restrictions the industry has had, and gives the Company many more options for marketing our CannazALL CBD products derived from Hemp. As a pioneer, and one of the first in this industry, we are ready to expand in all areas and achieve our previously stated goals for growth and revenues of fifty million, or more, annually within four years when we hit January 1st 2019. The Farm Bill and our pending name and symbol change will bring a lot of positive awareness to our Company and we are ready to have our best years ahead.”
HempLife Today™ would like to acknowledge the US Hemp Roundtable and a link to their Press Release concerning the 2018 Farm Bill is provided below.
https://hempsupporter.com/wp-content/uploads/2018/12/Post-Signing-Statement.pdf
The Company will keep shareholders aware of all Company progress moving into 2019. The Company will also keep shareholders aware of the progress being made on the filing of the official Company name and symbol change to HempLife Today™.
Do we know when the R/S will take place?
As mentioned many times, we've seen this show before (proof below). I for one, feel that it is really going to happen this time. Maybe Ballas can provide the law firm with some of the paper work from one of the previous name change attempts to help them expedite the change. Does anyone know where the legal documentation for a name change would be potentially posted (everything is on the web)? This way we could see it for ourselves.
I am disappointed regarding his update on Cryptobuy, as according to the 3rd qtr. financials, $615K had been spent on "Investment in new company". I am in IT, and with a spend like that, the site should have been up and running long ago.
PREVIOUS NAME CHANGES
1/10/2017 - Ubiquitech Software Corp. announces final name change to Endo BioSciences Inc.
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Corp-announces-final-name-change-to-Endo-BioSciences-Inc?id=148269
9/20/2016 - Ubiquitech Software Announces Name Change to "HempLife Today" Plus Releases Overview of Exciting Plans to Increase Revenues and Continue Company Growth
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Announces-Name-Change-to-HempLife-Today-Plus-Releases-Overview-of-Exciting-Plans-to-Increase-Revenue?id=140884
9/18/2015 - Ubiquitech Software Corp. Announces Name Change to CannaMark Brands, Inc.
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Corp-Announces-Name-Change-to-CannaMark-Brands-Inc?id=114766
274M shares traded, wow, what a day.
Is it a good assumption to think the big block sells were CSH's unloading their shares?
Thank you Scratch, hopefully he responds. It's been a wild day.
Scratchgolf Friday, 12/14/18 02:18:44 PM
Re: Chip79 post# 41209 0
Post #
41246
of 41246
I have a call into him already. We'll see if he will talk to me again. I hope today is the start of good things to come for us.
Hi Scarch, Think you might be able to get Ballas's ear again, and ask him what the plans are for Crypto, and how he plans to handle all the money spent on that project? Also, as mentioned in an earlier post today, what happens with Blue Crush (not that we ever saw any revenues from this subsidiary).
I really like the fact that they are focusing on HLT, but there is value in the other divisions as well...perhaps they can be sold off. If we own the Cryptobuy name, its got to be worth something.
Scratchgolf Friday, 11/30/18 02:26:18 PM
Re: None 0
Post #
40823
of 41207
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.
CashRock - was there something mentioned about a share reduction, or is this speculation? Just wondering if I missed something.
Trade #18..40M sold @ 0.0009.
Shaping up to be a volatile day.
Let's just hope they actually follow through this time...remember, we were down this road before.
http://www.marketwired.com/press-release/ubiquitech-software-corp-announces-final-name-change-to-endo-biosciences-inc-pinksheets-ubqu-2187176.htm
Maybe they can dust off the old paperwork :).
Whatever it takes, just get it done expeditiously, so that we can take advantage of the huge growth potential in this market.
Here comes the name change that everyone has been asking for:
https://finance.yahoo.com/news/ubiquitech-software-corp-engages-law-120000760.html
It's deja vu...seems like we were here before.
And now we know Cryptobuy is being thrown on the shelf for now...well, at least we know.
Thanks Ghost, great article, it should be added to the Sticky Notes.
As of 12/6 the O/S now sits at 1,374,908,905 shares, an increase of approximately 300M.
https://www.otcmarkets.com/stock/UBQU/security
Perhaps the loan holders have been cashing in the conversion shares they were given in previous months?
There's no way the PPS can stay at these levels. Let's get this thing headed in the other direction!
Close to 10% of O/S traded today (even if they added another 500m, it is still a huge number), Why? Did stop losses kick in when we hit .001?
Once again, how can a company with 4m in revenue, profitable, and minimal debt (compareatively), have a pps at this level?
Hi Knife, here is a link to the A/S increase document: https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071017054&fileId=20181823989
Geeoff, couldn't agree more. Scratch, thank you for the excellent update, much appreciated!
Longs, based on all of these repetitive posts, I guess we know where some of UBQU's administrative salary expenses are being spent this month :).
Let's Roll, Looking for this link to Cryptobuy. Please send to us, or tell us that it really isn;t there, and that you are just posting noise.
Let's Roll Member Level Friday, 11/30/18 10:48:38 AM
Re: None 0
Post #
40733
of 40771
Take a look at their newest division now in development … CryptoBuy.com
UBQU
Let's Roll, Looking for this link to Cryptobuy. Please send to us.
Let's Roll Member Level Friday, 11/30/18 10:48:38 AM
Re: None 0
Post #
40733
of 40771
Take a look at their newest division now in development … CryptoBuy.com
UBQU
Let's Roll, what evidence do you have on sales generated by Blue Crush? I have never seen any financials for them. Once again, you must have info that we do not, please share.
Let's Roll, please send us a link so tht we can check Crpytobuy out. Last I looked, the link was redirecting to the UBQU site. You must have something different, or you are just posting things just to build noise.
Let's Roll, can you provide us with the Revenue $'s and Net Income that Blue Crush is adding to the UBQU's quarterly results?
Let's Roll, Geez, we hadn't seen this before, when is it going to be available.
Why is this board being slammed with a constant regurgitation of old news this week?
These guys showed up today and have littered the board with just about every PR and quote that they could dig up from months past. Seems similar to what we saw a few weeks ago with a couple other posters.
Zig, Let's Roll, BudFox, How many times do you have to republish the same old news releases?
You are right...sure seems like they would understand that, and make a concerted effort to get Crytobuy done. This method of currency is not going away, as most millennial's are using less and less of our traditional forms of payment.