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Bought back the 46.50's (that's what I sold, not 48.50's)at a small profit Friday morning when it looked like it was gonna run. And then it ran. I expect it to run some more Monday so I'll wait for it to settle before selling some more Monday or Tuesday if the opportunity arises.
If I do sell some Monday they will probably be a good ways out of the money. If we move quickly over 49 we will probably run up into the low to mid 50's next week or two. Which would be great, I just don't want to spend those profits buying back CC's. Weekly Keltner is bouncing off the mid channel, which it did in August and February for some really nice runs.
Strange that happened last Monday and I haven’t seen it mentioned anywhere. It will eventually be legal everywhere. Makes no sense that cbd is illegal at all.
I personally have been clear about why I'm here.
1. Pissed off that Ballas screwed me and everyone else. I personally watched 10's of thousands in profits disappear before my eyes when those bombshell fins came out, and I can't be the only one).
2. Waiting to see if it can be corrected.
3. I want to see if I was right to bail when I did and stay out. (So far I was right to get out around .014).
Didn't I read the other day that they had some equipment failure? If so, makes you wonder if that could have been avoided if the 375k/3.5m spent on cryptobuy so far could have been used to keep their money maker online.
Ethical money management and an honest attempt to grow the company are my only expectations. Those borderline illegal loans really caught me off guard, and I'm surprised so many are OK with it.
Maybe one day. For now I don't trust them at all, but I'm still watching in case they correct the money management issues. Good business, just bad business practices.
If they made 100 million then they would borrow 10m from Common Sense Holdings and transfer the 100m to them over the course of a year, lol.
I like it.
Ballas with a check book is like Trump with Russian hookers and twitter, lol. Valid point.
Unless the new IR is gonna also act as a CFO I don't see how he is gonna help with the share price. The best he can do is try to make investors ok with it. And he so far has avoided the issue of that sketchy debt.
The reason he was removed as a mod probably, lol.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135466278
I believe this was his last sticky. I could be wrong but this is his sentiment when he wants the price down. He's accumulated now so he wants it to go up. Nothing else has changed, just the number of shares he owns.
Charts calling for .01?
Yep. The smart money here has a buy in at .008 and a sell at .009. Easy 10% rolls for someone willing to manage it.
I have full confidence in the sector. I don't have confidence in Ballas. My doubts are based 100% on their funding practices. If you look at the fins, it is very clear that Ballas is funneling investors money to Common Sense Holdings, and a few other of his golfing buddies. I'm sure a good chunk of it finds its way back to him.
If you have 500k in the bank, are you going to go out and borrow 500k (Which will be paid back as 5 million), for what is basically a pet project?
Either:
1. (Poor management)They chose to expand faster than they can afford (Like borrowing money from a loan shark to go to Disney Land), or
2. (Illegal/dishonest actions by management) He is using these loans to basically give free shares to whomever he chooses, in the hundreds of millions.
CSH bought over 5 million dollars worth of shares for less than 1/2 million dollars. That's just a fact that is obvious in the financial statements. Either way, doesn't make for a good investment, or even a good gamble for those that like to gamble on Penny Stocks.
Run it how? It takes buyers. Ballas can encourage a run by doing something good for a change. But he can't snap his fingers and make the share price rise. The share price will rise if and when investors see a value here. And nobody sees this as a value. If you weren't already in and under water, would you look at this stock/company and say "I need to get in on that right now!"? If you're honest, I'm guessing the answer is no, as there is nothing here to work with. Failed promises, dilution, shady debt, slipping profits, a 1 man customer service dept, a new IR guy that avoids the topic of debt.
As a disclaimer I should add that I don't own the stock anymore. I got out at .014 barely breaking even and watched 10's of thousands in profits disappear before I could get out. So I'm not a fan of Ballas at all and am much more likely to see things in a negative light, although I think I'm trying to be objective.
Nobody buying at .008. I don't see how anyone would buy at .05 (or even .02 for that matter) unless some big changes occur. Business as usual here will continue getting the same terrible share prices. Probably less, as more people get tired of waiting for Ballas to explain himself and make things right.
One billion per year...in three years. I'd love to see the math on that.
I sold some 46.50's this morning. I'm probably wrong but I'm thinking it maybe goes into the 47's tomorrow but by Friday is back down to high 45's or low 46's. Again, I'm probably off and may have to buy them back if it changes course on me.
Here is my prediction. It's probably wrong but I'll go ahead and put it out there. Volume will stay lower than usual throughout may (on average) as conversions slow down because they are nearing the 900m A/S.
They will start ramping up news and product releases etc. in an attempt to drive up price and volume toward the end of this month and into the next Quarter.
The July 15 fins will show all or most of the 900m outstanding but won't show any more available. That gives them about four months to capitalize on the new products and services before it all hits the fan when their Q3 fins drop and it all comes crashing down.
That's the good outlook. This one gives the stuck longs an opportunity to cash out ahead of September, hopefully with a nice profit.
That's what I see as most likely. The best thing that could happen is if they pay the debt in cash. The worst is that the July fins destroy this stock altogether. I'm hoping for cash payment and no increase in A/S so I can get back in.
The last report doesn't include the last 3 months of dilution. They average about 50m/month so they are most likely just past the 900m they had available. No idea how they pay debt from here since they don't have enough shares to convert. I'm not comparing them to any other company, I'm looking at the numbers they reported for the year and the quarter. If you are expecting them to be valued high because their competitors are valued higher, I think you will be disappointed in the long run. It's THEIR numbers that determine the value of the company. That's not to say it won't run artificially when the sector gets some good news, we know that can happen as that's why some of the longs are still here. They bought in on some news and are now too far under water to get out without a huge loss. I hope it runs for you guys, but I got out for a reason and unless they do something about the debt and dilution I just don't see how this will ever be anything other than a vehicle for Ballas to move money from shareholders to Common Sense Holdings. They got some of mine, but they won't get any more of it.
.0087 with a billion shares out still values it at 8.7m. Way too high in my opinion considering how the capital is being handled, but it is what it is.
Based on what?
Bought back all my calls yesterday while they were down for a nice profit. Heading to Vegas now. All are recovering or recovered now so I’ll sell them again tomorrow. New to selling calls, but so far I love it. It like I get excited whether they stay flat, drop, or go up.
At you talking about that .50 ask?
Realistically, if they stopped a lawsuit with a phone call they earned their money. It does seem funny that it took a real threat of legal action to get even a response from the company. Maybe they are trying to fix things, or maybe they have delayed the inevitable while they churn through a few million more shareholder dollars.
If they address that debt (Specifically the payment with convertible shares when they didn't have to do it) I will probably pick up some shares. Until then, I really don't trust the company. I understand why they would take on that kind of debt in the beginning, but to do it at this stage of the game seems fishy to say the least.
What did he say about the debt?
OS matching AS is exactly the problem. That means there are no more shares to pay the debt, which for some reason they keep accumulating under those terrible terms (terrible for shareholders but making millionaires at CSH). I'm not invested here so I guess it shouldn't concern me. But it pisses me off that I kept my money tied up here for a year and a half to have Ballas turn around and screw everyone the way he did.
Good luck, I hope he pulls it out.
Common Sense Holdings. They aren't public but we do know they received five million dollars worth of shares to pay off five hundred thousand dollars worth of a loan. I bet their balance sheet looks outstanding.
I don't think Ballas wants that kind of scrutiny. He likes it down here under the radar.
Must be a PR coming. Generally Rat Fink shows up shortly before communication from the company.
They had more cash on hand than they borrowed. So they borrowed 375 to be paid back with almost 4 million in shares, instead of funding it with cash, or better yet, waiting on it since they obviously couldn’t budget it in a way that didn’t screw the share holders and the company itself.
That is literally the company giving money away.
You should compare those historical short reports to the list of conversions per month in the latest fins. For example, if the heavy shorting coincides with heavy conversions, then not only is someone taking advantage of the influx of shares bringing the price down, but you can identify the signals and trade accordingly.
So if they have 1,000,000 shares to make available, they can sell them to the market at the current share price, which right now would net them 8550, which could be used to pay 8550 of the debt, or they can use them to pay directly to the debtors at a rate of .001 and pay off 1000 of that debt? Then the debtors sell the shares at the current rate and make 8550?
If that's how it works, I don't wanna invest in UBQU, I want to loan them money.
Correct me if I'm wrong, but can't they sell the shares to market to raise capital instead if issuing them to debtors @ .001?
"I have made him very aware of my concerns and plan of action if he refuses to communicate further."
No, he's just starting down the road we have already been down.
Those are the balances. Nov. 30th 2016 was 185,308,000. Then Feb 28th 2017 was 267,308,000 (increase of 82m for the 3 months, about 27m/Month). Then it went to 715,528,000 by Nov. 30th 2017 (increase of 448,000,000 in 9 months, about 50m/Month). Then in Feb 2018 it's at 771,908,630 (increase of about 56m in three months, less than 20m/Month).
So during the first quarter of each year, they do below average conversion. In fact, the fins say nothing was converted in February 2018, although I seriously doubt that's the case. Then they ramp it up in March.
If you look at then records, it looks like Nov., Feb., May and Aug. have consistently less conversions. Probably some tax related tactic, I have no idea.
829,516 from the Feb 28, 2017 yearly balance sheet. They paid it down to less than 400k (with about 5 million dollars worth of shares), then borrowed another 375k.
The first number is the only one I looked up because I had it open from comparisons earlier today. the 400k and 375k are estimates from memory but can be verified here:
https://www.otcmarkets.com/stock/UBQU/disclosure
"As of February 28, 2018, the company had $652,200 of long term debt. $281,692 of this debt is owed to R Holdings 9 originally dated August 30, 2011, representing money advanced to James Ballas, the company president, Blue Crush Marketing Group and or its subsidiaries. $187,008 of this debt in the form of several notes dated from 2013 through, 2017, owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, or subsidiaries of the company during the period covering September 2013 to October, 2017 for expenses of the company. $50,000 is owed to J Gamemm, LLC for monies advanced to James Ballas the company president during June and July of 2014 for expenses on behalf of the company. $65,000 is owed to J Gamemm, LLC for monies advanced to a subsidiary of the company during 2017 for expenses on behalf of the company. $50,000 is owed to Beacon Capital for monies advanced to James Ballas the company president during March of 2014 on behalf of the company. The Promissory Notes provide for interest at rates between 8% and 10% per annum that are payable on maturity dates in 2018 and 2019. These notes contain a conversion feature whereby the notes are convertible in whole or in part, at the sole discretion of the holder, into shares of common stock at a conversion price of $.001 per share or the company “par” value."
652k, Not much debt if they'd pay it in cash. Instead, they will pay it with (at current share prices) about 6.5 million dollars worth of shares.
It's a pretty sweet setup for Common Sense Holdings, and of course the other loan sharks. Some of which are not now, and were not at the time of the loan, even in business.