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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.
Should be $0.017 and then $0.17!
Getting updates on their other announced programs (gummies, skin products, pet products) would be a true positive.
Getting a REAL update on Cryptobuy would be huge, especially if they announced that their beta version was being launched.
I am holding my shares as well.
After 3 quarters, we have:
> Revenue of $2.88 million
> Net Income of $193K
> Cash on hand of $282K
These are solid numbers...there are many other companies out there with negative cash flow & more outstanding shares, but a much higher share price.
It makes no sense why we are trading were we are today. People are selling, but others are buying (at a real steal). Its going to go back the other way, and when it does, its going to happen fast.
Scrachgolf, Smokey, Technologist, Jeremy, TopDog:
5.88 shares (a penny) for your thoughts.
Wingus 37, you are right that the dilution for the shares of offered for debt conversion through Aoril is already accounted for. The good thing is that no additional shares were offered for debt between May and August according to q3 reporting.
The issue is now they have raised the AS from 1B to 5B, which you can only assume will make it's way into the market through additional share for debt swapping.
I wish the debt was headed down, not up like they reported today.
If you go out to the OTC Markets site (link below), you will see the Authorized Shares are reported as 5B, while Outstanding Shares has yet to change.
The interesting thing is that they have new financial filings showing the long term debt is now over 800k (300k more than what was reported last month (Q3 reporting). Also, investment in new company is now $991k.
https://www.otcmarkets.com/stock/UBQU/disclosure
It looks like the "investment in new company" went up to $991k, and the "long term debt" now sits at $838,200.
Why would they put updated financial statements out now? Next reporting period typically wouldn't be until mid-January.
Any accountants on our board that can chime in?
Smokey, have you had any communication with Craig from IR lately? He's seemed to have gone dark as well.
Does anyone on this board live near UBQUs FL office (if that's where its located)?
If so, maybe they could swing by and see if there is really anyone around :).
I am with you Orion777, I am also in over a million, but just holding at this time.
We need some news!
Scratch,
I am with you on this one. I have accumulated a decent position as well, but am a LONG way from being green. The encouragement comes from the posts that compare UBQU's PPS to others in this space. Most of those companies have lower sales, profits, and larger debt, but a much higher PPS. Hopefully it's just a matter of time before the right button is pushed and this thing blasts off!
It is hard to believe that Ballas has not put out a PR in an attempt to stop the bleeding.
The last press release was 2 months ago, announcing the hiring of an SEO expert.
-> It's been over 3 months since the expanded distributor program was announced, which stated it would be in place in 6o - 90 days (that time has passed)
-> No word on gimmies
-> No word on new skin products
-> No word on how their new processes, which resulted in a 37% increase in April sales, is doing.
-> No word on CrytoBuy
-> No word on how Endo Labs, which received funding from UBQU, is connected to the Company.
In previous press releases, he said that he was going to do more to keep us informed. Well, we are waiting.
Djdjdjdj, it has not been announced yet, but they are/have increased the authorized shares to 5B:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071017054&fileId=20181823989
I believe this is a link to the document FIN85 is referring to:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071017054&fileId=20181823989
If I am reading it correctly, it looks like the authorized share count is moving up to 5 billion.
Someone please tell me I am reading something wrong here.
Here's Craig's response (maybe he is watching this board):
"IBM GE INTC ATT Stocks go up and down"
I sent this to IR (Craig) this morning (no response):
$0.0025 and not a word from anyone. We have people complaining about product shipment, and once again no word. We had gummies, skin care products, and an updated distributor program announcements, with ZERO follow through (not to mention Cryptobuy).
A new process was put in place earlier this year, which resulted in a 37% increase in sales for April, yet sales for Q3 were down over LY???
We have money being sent to new businesses, which according to you, includes Endo Labs, but there is no mention of them in any financial reporting...how does that work?
If you won't respond, please pass this on to Ballas?
Today I called the HempLife 800#, selected to speak with a rep, but got the message that they were all busy, and that if I left a message, they'd call back.
I did try a couple times with the same result, but never left a message.
Interestingly enough, i received a call from them a short time later, stating they saw I called, and asked how they could help me.
Thought this was a positive experience IMO.
@Jeremy - You still hanging in there with all your shares?
This PR was released on July 24th:
Ubiquitech Software Corp. (UBQU), through its operating subsidiary HempLifeToday.com, is announcing its plans to expand its popular distributor program and projects it could obtain up to 10,000 active distributors within the next five years. The Company bases this projection on internal data gathered on its current distributors, and will have all aspects for this expansion operating within the next 60 – 90 days.
We are coming up on the 90 day mark...think we'll get an update on the progress of this program (or any of the other announcements that were made earlier this year)?
That is really interesting,so Endo Labs is never referenced as a subsidiary in any of the PRs (which Smokey has pointed out before).
Posted in release on July 18th:
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".
So how could we end up with a decrease in sales????
Debt has not decreased at all since Q2, sitting at $538,200. There have been no additional shares issued either, which is probably why the debt has not moved. $651k spent for "new company", which hopefully we will see some day :).
Big 5 million share sell trade @.0031.
Looks like someone painted the price up at the end of trading today. Haven't seen that for awhile.
3rd quarter financials are due out in 2 weeks.