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Would definitely be nice if they would turn it around. They applied for another 10B shares a month or two ago.
Didn't they just get 10B more shares?
The most important thing about this PR was the topics they conveniently left out.
If they keep the current pace of doubling every year, it wont take long.
So you are saying someone has accumulated 8.1 billion of the 10 billion available?
Someone will reply to him wanting more of his inter-connectivity wisdom, lol
Very useful information....
Rat fink. You can click his name and look at recent posts to see what I mean.
Fins or news must be coming soon. Their number one paid promoter just showed up. Although he also shows up for dilution, but I suspect it's something else this time.
I keep expecting a group to get together and camp out on the steps of their office or distribution center, lol. It's not right what they have done, and someone should be held accountable. Hopefully the efforts with the SEC will pay off. That extra 10B issued after so much prior communication with the SEC was disappointing.
How long will you guys continue to make excuses before you get together as a group and actually demand answers from Ballas? This has been going on for years now and still there are people grasping at straws trying to find a way to put a positive spin on Balls beginning his conversion of the most recent 10B share slap in the face of investors. I just don't get it.
Sorry about that. Not trying to bash it as I have no skin in this game. It's become a personal challenge to predict ubqu moves so I can avoid getting screwed in similar ways in the future. I could very well be wrong about the meaning of the high volume.
Just a refresher from last week.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222011
He definitely monitors this board. He has commented in the past that we hurt his feelings...
You wont see it until he starts converting it. On day one of the dilution everyone will say "Wow, this is great volume, we have to go up now.". Then it will continue and people will be confused by the high volume and no movement in price. Then fins will come out in 6 mo. to 1 year showing the massive increase in A/S and everyone will get angry. Until he promises name change again and it all starts over.
He will keep doing it as long as new people are buying and long term investors continue to hold because they are stuck. But if you try to warn away newcomers or mention that longs should get out (long ago, too late now), you are called a basher and blamed for the price drop. Because it couldn't be the billions of shares dumped on the market over the course of a year, it has to be the people complaining about it that are the problem, lol.
This man has lied in every PR for several years, yet people are so desperate for a lottery type win that they keep throwing money at him with the flawed idea that it can only go up from here. Fool me once, shame on you. Fool me over and over for years....
Ballas will announce a pending name change and other exciting changes "just around the corner!". He will say the additional 10b shares are necessary for the upcoming changes and people will forget what a lying douche he is. We will be having this same conversation again in 2020.
Yesterday all the longs were discussing how the high volume was a sign of the riches to come and how they have been right all along. Today will be different as they figure out what those additional 10b shares will do to what's left of their initial investment. Also I expect a few threats aimed at the clown running the ubqu show.
Break out boards are based on how many comments there are on ubqu compared to previous days of comments. Has nothing to do with the stock itself breaking out.
Ouch. I missed that. Looks like they waited until June so it won’t show on this ER or the next one. They tried to pull the same thing last year.
I don’t know why they are allowed to keep doing this. And I don’t understand at all how so many people on this board are still supportive of this con mans games.
You can name me. I still think it's headed that way but I could be wrong. I hope I am.
Someone bought 64m + shares @ .0002.
This makes me think maybe fins are finally coming.
I don't usually think MMs are manipulating the stock price that much. But only MMs can sell at .00015 and look at what they are doing today. Look at the time stamps for their trades knocking it down. Very strange activity.
http://prntscr.com/nxjoa9
I just dumped my little 1m shares back @ .0001 because in a few days I wont even be able to get that for it, lol.
lol, knocked down @ 9:30:01 to .0001 with a 5k share trade. Too funny.
Like crusty the clown. When he was in prison on the simpsons. Prison stripes will suit him.
Yeah, it’s not looking good. Of course it hasn’t looked good for well over a year. And for some reason we are all still surprised by how inept James Ballas is.
First time i've seen it sit at .00015.
Post those ping screenshots again please.
Sounds like you guys know something the rest of us don’t.
I personally wouldn't bother selling now. You have nothing to lose by holding on, unless it's enough money that it could be invested elsewhere.
You can also easily identify the pattern of them pumping the stock with announcements just before major dilution occurs. It never failed, they would release a PR saying big things were coming, then they would dump convertible shares into the volume. Some of it they clearly never even really intended to complete. For example they put millions of dialed in the books for cryptobuy, which never made it past being a template. They also used the name change often to generate interest and dump shares into the market. Compare the PR dates to the crazy volume spikes and it’s clear as day. They have rat fink come in here to promote them too, but that’s probably legal even if he is paid to lie for them.
No problem. I really suggest printing out all of those pdf’s and tracking the debt. Several of the “companies” that were supposedly paid in convertible shares weren’t even in business when the payments were made. Definitely there are connections between those debtors and ubqu management prior to the loans with ridiculous payment structures. They have decimated this company at the expense of the investors that bought stock and believed their bold lies.
Feb 28 2015 Notes:
Note 12 – Long Term Debt
The company is indebted to R Holdings 9 Inc. for monies advanced to subsidiaries of the company prior to the fiscal year 2011. Accordingly this note was assumed by the company and recorded on the books of the company for the initial indebtedness of $600,392.
During March 2014 $65,000 was advanced to James Ballas, CEO of Ubiquitech Software by Common Sense Holdings LLC to be used for working capital purposes of the company. A note has been recorded on the books of Ubiquitech Software dated March 31, 2014 in favor of Common Sense Holdings for the principal balance.
During March 2014 $50,000 was advanced to James Ballas, CEO of Ubiquitech Software by Beacon Capital to be used for working capital purposes of the company. A note has been recorded on the books of Ubiquitech Software dated March 31, 2014 in favor of Beacon Capital for the principal balance.
Feb 28 2015 Ammended Notes:
Note 12 – Long Term Debt
As of February 28, 2015 the company had $683,516 of long term debt.
I can't find mention of this prior to Feb 28 of 2015. So this is what happened:
<2013, Ballas owns Blue Crush and accumulates 600k of debt to R9.
Sells blue crush to to UBQU for 25.5m shares.
UBQU only has 50m total (40m outstanding), Ballas at that point owns 50+% (Controlling interest) of the company.
Balls appointed CEO, pays former ceo (and a few others) with shares shares worth millions.
November 2013 SP is about .46.
I can't find the dates ( I have 30 pdf's open) but If you look at a 5 year daily chart you can see where Ballas immediately began diluting to pay off his debt. And in mid 2016 got 900m more shares to dilute with. Then he not only paid off the old debt that came over with Blue Crush and wasn't reported until 2015 (years after the acquisition), but acquired unnecessary new debt!!, which we already know was paid off with our money (diluting shares).
Look at the notes above, amended vs. pre-amended.
Investors were buying shares in a company that had unreported debt. And Blue Crush/Ballas was paid enough in shares to pay off the debt!! They could have converted that 25m shares in 2014 into anywhere from 2.5 to 12 million dollars! Instead they diluted all of the value out of the stock and screwed investors.
There is so much more here, I just don't have the time or the inclination to sort it all out. The original CEO was on his way out before Blue Crush was "purchased". He was paid millions. The debt showed up on the books 4 years after it was incurred, and 2 years after it should have been reported. Blue crush was purchased for about 12 million dollars. One year later, the entire company is worth less than 4 million, while many millions of dollars worth of shares are siphoned off to private parties. And the debt wasn't reported until after the damage was done. The share price basically didn't move from 2010 until march of 2013. It rose from nothing to almost .5 for one year, beginning a few months before Ballas took over, and crashing with his leadership.
The SEC should rip him a new one.
There is much more also, but I stopped gathering info when I did this and decided to get out while I still could.
I have filed a general complaint with the sec last year through the website.
The financials themselves reveal the deception by Ubqu. Unnecessary loans paid off with shares. Loans that didn’t hit the books until years they were supposedly initiated. Debt that James Ballas brought with him to Ubqu and added to the books several years later to be paid with ubqu shares.
I printed out every financial statement filed by them since 2013 and traced the debt. Once you do that it all becomes very clear.
I will look for the summary of that research and post it here again.
I understand. It sucks for sure.
That would make more sense if only some people were not getting orders filled. But even if they are overwhelmed, that wouldn't explain them being backed up for weeks and months.
It's starting to look like the ambassador program was just the most recent iteration of their SOP of promoting the business in ways that provide initial cash and then they just don't follow through on their end. It happened with CrytoBuy, Name Change, gummies and other various new products.
It's just what they do. Make promises to get your money and then bail. How much did ambassadors pay to get in the program?
The have screwed everyone that has ever invested a penny in this company by purchasing shares, and now they have a new way to get that cash.
Watch the excuses and fantasies start pouring in. I understand everyone's hope to get their investment back, but at some point reality must be faced. Denying the obvious is what got most of these investors to where they are today, hoping for a miracle.