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Moderators: topdog52, Rat Fink, Jeremyan7, Cherylhop, nickeli54, Turkeybagholder
Are you trying to say “shorts”? It’s ok to say shorts, you don’t have to go all 12 year old code on the board.
Where did you see that?
The complaints aren’t based on IHub posts. They are based on the financial reports as provided by ubqu. Their quarterly and yearly statements contain an enormous amount of conflicting and damning information. It’s not that hard to understand why people are upset. That is of course, if you take the time to pay attention to the financial information reported by the company that you have invested in. Otherwise, you’re gambling. Good luck with that gamble. Others prefer to actually pay attention to what management is doing and not base their investments on unfounded hope. The best way to do that, is to READ THE FINANCIALS. Period. Anyone that refuses to read them has no leg to stand on when trying to defend or condemn the company.
I’m referring to the financials. Calling them fantasies isn’t helping your case.
Man, are you scared to read them yourself? They are out there, public for everyone to read. I’m not spending my day explaining to you what it all means. I don’t need to prove anything to you. Now that the sec is involved it’s just a matter of waiting to see what they do. I got out months ago because of what I saw in the financials. Clearly others have seen it too, hence the 80% price drop and no new investors. I understand you don’t want it to be true, but that won’t change whether it’s true or not. If you want the details I suggest you contact Smokey as he has suggested.
There is fraud evident in the financials. Or at the very least, outstanding incompetence and a total disregard for bringing value to the company. This has been pointed out many times on the board, with examples. I’m not gonna do it again but I would encourage you to actually look at them, without emotion or bias, and consider the various reasons for the many, many red flags that will show up if you actually look back at even the last four quarters.
Financials.
Have you looked at their financials? Do you not see the millions of dollars that should be going to the company going to lenders who are making 1000% on their loans because the UBQU CHOOSES to pay them in shares instead of cash?
Even if you don't, other investors do and they understand that it takes more than a good product to build a company. You can't funnel millions of dollars out of a company this size without hurting the company and it's investors.
I was thinking it may be due to people complaining about the websites, or the gummies, or endolabs, or advertising other stocks.
But I could be wrong.
Yes, but reporting suspected illegal activities (a legal act) and damaging someones property (Illegal) are not comparable in this situation.
I guess it depends on how it’s said. If you hit my mailbox and I say give me the 50 bucks for the mailbox or I’m calling the cops, that’s not blackmail. That working out a settlement.
If they aren’t doing anything wrong, then an SEC threat would carry no weight anyway.
Lol, really? The reason people are going after the SEC is to recoup money lost to these guys inept and likely illegal business practices. IF someone told them they would accept shares as payment (which could immediately be converted to cash, as seen in the daily 5 million share conversion), then that would be reasonable. I personally hope the SEC looks very closely at how ubqu has handled the debt and conversions, but I got out when it became obvious they were bilking investors so it won't help me recoup the profits that disappeared when they announced that they had acquired more convertible debt at the same time they "invested" amounts equal to the debt into these phantom, money funneling projects.
So far you guys (share holders losing money to conversions) have paid something like 3.5 million dollars for a website that doesn't exist a year after is was supposed to go online. But here we are, with people defending the company not because they believe in the company but because they want other investors to jump in and run the SP up so they can bail without a MASSIVE loss.
Agreed. Maybe the SEC complaints will make that happen.
And the complaints to the SEC are based on facts, easily verified by anyone that can take 10 minutes to read the financials.
https://www.otcmarkets.com/stock/ubqu/disclosure
They came out two days ago.
I see there is an investors group on fb if anyone is interested.
https://www.facebook.com/groups/213360539299711//
Right, because I'm the one that has been wrong every time....
Man, 3m in less than a minute.
Your argument would hold a lot more weight if you didn't do exactly what you said you weren't ok with, lol.
He's not an idiot because he's orange. He's just an idiot, and orange. Not necessarily a correlation. At least defend him rather than transferring attention to someone else. You might as well say "So you don't like Trump but you are ok with New Coke?". Not related in any way, and neither New Coke nor Obama were mentioned.
He insinuated that Trump is an idiot. Tell us why you disagree.
No, you need new management. Moderators just keep people from spamming other companies, and that's not the problem.
That would definitely be a step in the right direction.
They are still rolling out 200k's at .0053
They must be doing some promotional marketing. I've seen three tweets come across my scoop today promoting the June 28 PR.
More of the same.
That was a nasty dump right there.
Lol, well played.
Thursday should be interesting. I'm glad I played this one neutral. Still long in sentiment but these trade war actions scare me short term. Anyway, bottom side of my position is green today but that's a lot better than the straight red i would be looking at.
Me? I'm just following along to see if they can recover. And always hoping to learn a little something. I normally avoid penny stocks but made an exception with this one. If they pull it out, I will pay attention to how they recover it and that will help me in the future. Either way it has taught me new stuff to look for when evaluating a company.
I’m out for now. I’ll still watch it and get back in if it starts moving, I just hate to watch it tread water every day when The industry should be making gains. Good news for you guys, every time I close a position it seems to run, lol.
The constant, relentless daily dilution is probably the biggest issue. They dump 3-5 million shares no matter what the other volume is. Why would someone buy shares when the volume is heavy (almost never), when they can wait until tomorrow and buy 3-5 mil that has to be sold to the market irregardless of demand? It's a nasty setup.
I understand what you mean about the varied valuations across the industry. No idea how other, money losing, diluting companies have valuations anywhere above par value.
Yeah, my July 20 strangle is just kind of suffocating, lol.
Oh, 19m loss is crazy! lol. I have no idea why they would be at .04 unless they have some kind of behind the scenes arrangement on the convertible shares. I just pulled the chart and they have crazy volume.
Their 19m in sales for first half probably got a lot of attention, with 2 billion O/S. That's double the O/S but many, many times the sales of ubqu.
People are not investing in either of these stocks. They are speculating. And either could turn out to be a good play once they get their acts together. Anyone wanting to actually invest would be scared away by the fins (ubqu), or lack of fins (hemp). Without fins, there is literally no way to value a company and know what the SP should be. Both are a lottery. The problem is, it could be years until the numbers are drawn! I waited 2 years for it. After 2 years I decided that I could just invest that money elsewhere and grow it at a reasonable pace. If/when this thing ever takes off I will know if I made the right choice or not. So far, it was the right move.
So many people invested in penny stocks don't read or even care about fins. Until the S/P drops to zero, then they will start searching for fins to figure out why their investment disappeared.
Those numbers sound right. I know it was enough to make me panic.
Yep, their only hope for redemption is to pay in cash instead of getting more shares to convert.
I got out when I saw the new debt and we weren't even looking for or expecting it. This time, if they have more A/S or more debt, the lenders will want cash because the Share price will be back down to .001 within a week of financials.
All eyes will be on it this time, and I doubt anyone will give them any more time to turn it around. My guess is that these fins will show no new shares and no new debt, as they had just enough to stretch it to eoq before needing more. So if it's not on this one, and still no explanation, keep an eye out for the Oct. fins. They will be key.
.001. Check the disclosures here: https://www.otcmarkets.com/stock/UBQU/disclosure .
They were paying off old convertible debt with shares @ .001. Had it paid down from something like 900k to about 400k (At that stupid .001 rate so they paid millions in shares to reduce the debt by 400-500k). And when they got it down to a reasonable number THEY BORROWED MORE FROM THE SAME LENDERS AT THE SAME RATES (presumably for cryptobuy.com, but it just says software or something like that)! Worst business decision since New Coke.