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It really unfortunate that they won't let this thing run. It goes up a few hundredths of a cent, and the selling kicks in, just to make a few bucks.
Q3 ends this week, so it will probably be mid-October before we see the financials.
Nice article Scratch, thank you for posting. It's only a matter of time before this stock is re-recognized, and really takes off!
Just a thought...if the O/S had been increased to allow the issuance of shares for debt, you would think the trading volume would have been much higher over the past couple weeks.
Scratch, one positive thing from the press release you passed on, is the company names not reflecting the CBD industry, dies not appear to be a factor.
Wow, another day of less than 1 million shares traded. James, we need some news (preferably good) to get some positive momentum back.
Thank you Smokey, appreciate your continued diligence. I still have faith that things will swing back the other way, as the company does have legitimate products in a growing market, and huge potential, if they'd just follow through on their plans (shouldn't be to much to ask for).
Well said Scratch...always enjoy reading your posts.
So much opportunity / potential...the team just needs to follow through, and execute on their plans.
Mr. Ballas / Mr. Fisher, why can't you provide an update on sales trends for at least the June timeframe, based on your recent comment:
"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".
You were providing these updates on a regular basis last year, why not continue?
Smokey, you have been rather quiet this past week, what are your thoughts of what is going on?
I've been around for about 1.5 years now, and this seems to be about the slowest its been, Unfortunately I am averaged in @ about $0.014, so have a ways to go to get back to break even.
Based on the fact that this company is showing profits (I know, unaudited), the PPS is certainly not reflective of where it should be, especially when you see other companies running in the red, with much a much higher PPS.
Another interesting thing, is that based on the number of shares several posters have shared that they own, there can't be that many shareholders of this stock, knowing that the majority (hundreds of millions), are being held by the CSH's and management.
We need some positive news to get some momentum moving in the right direction...JMHO.
Is it possible that the conversions are complete now, or is this just a low before the next wave (did they issue more shares above the 900m)?
Wow, not even 1 million shares traded today! We need some news to get this thing moving...$UBQU.
You know, based on this statement from a recent press release “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" you'd think Ballas would throw us a bone, and provide some insight as to how sales were trending June. JMHO
Is the Net Income for the quarter $151,870 listed on the corrected press release, or $25,864, as posted on the Financial Report?
It's hard to believe they have not sent out a corrected release yet...but then again, I guess it really doesn't surprise me.
Now, we have another 3 months for any significant update.
Sales and profits both down for the Q...unbelieveable
Maybe this person was on to something: Rufusito post# 36083 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139678938
Smokey, is there a formal process that UBQU would have to go through in order to increase the number of shares?
Yep, he picked up right away (new phone number coming across). Told him I wanted to just keep "painting the fence", that we needed an update (including Cryptobuy). UBQU!
Rush, I just spoke with CF, and he did say that they are currently working on an update. No timing provided, but let's hope that it is soon and is accompanied by some decent news. Go UBQU.
Techicalogist, you bring up a very good point regarding the number of large share holders. Once you consider the shares held by the big boys (CSH's and insiders), there really wouldn't be that many other holders in the million + share club. Go UBQU!
Thanks Rush, at least we know he is still there.
Smokey, did you ever hear back from Craig?
You would sure think that he (Ballas) would be able to work something out with the loan holders, to either reduce or forgive the remaining debt, based on how much they have made through the conversions they have exercised thus far. Doing so, would allow this stock to really take off, making their remaining conversions even more valuable. Go UBQU!
Smokey, You on the board would be a great idea...you should mention that to CF! My guess is that their current board members are Luke & Jimmy, lol.
Go UBQU!
Thank you Smokey...appreciate all you are doing for us longs.
Smokey, were you able to get a response from CF regarding J Gamemm LLC,and the fact that they are not in business?
Smokey, thank you for efforts and the update...much appreciated!I
Let's hope Craig follows through for us. He must be the new addition from this 9/26 press release (7 months later):
"In addition, the Company wants shareholders to be confident and to have questions answered in a timely manner in order to fully understand the investment opportunity. Therefore, we will soon be announcing a new and more complete IR department so that all emails and calls get the attention they deserve. Bear with us and we will get this done for you."
@CorruptionFighter, just curious if you've ever received a response from Ballas, or anyone else from the Company (I never have)?
The quarterly disclosure document lists a new Investor Relations firm, MIDAM Ventures LLC. They also do public relations (maybe they can help Ballas get the word out). Contact listed is joe@midamir.com. 305-707-7018.
Thanks Hearmeout...my bad, was thinking Feb was part of Q1.
Another positive? No stock for debt conversions listed for Feb.
Quarterly financials are out on the OTC Markets site.
Yep, the UBQU site is down again...perhaps they were tired of getting questions through their "Contact Us" page (which they never reply to),
Anyone know why the UBQU financials never contain any data for the Blue Crush division?
UBQU website is back up.
Can someone explain to me why the debt has not significantly decreasd when so many shares have been issued as paymen?
Thank you TD!
@Champ, what are the rules a pinksheet company, would be required to follow before raising the allowed number of shares, or conducting a reverse split?