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Careful man, "Accounting" is definitely a trigger word when it comes to UBQU. Nobody invested here cares about math.
If you want to see how it's going to turn out, here is their current investors group page on FB.
https://www.facebook.com/groups/213360539299711
Honestly, if you were running things now I would be much more likely to jump back in.
That's a better time to buy a yacht anyway. They are expensive in the summer!
Don't worry, someone will write a 30 chapter book on here about how that 24 hour shipping is gonna put everyone on a yacht by the end of summer.
Thank you. I do hope that he doesn't get out of this with everyone's money and no punishment. Hopefully everyone gets at least their money back to even, if not way more.
Mr. Ballas, when reading this, you need to know that I am not part of that "we". You have those guys trapped and have made them accomplices. I, on the other hand, hope you find yourself penniless and in jail where you belong.
Lol, this might be the most creative due diligence I have ever seen anyone do for a penny stock. Love it.
Lol, ok man. Ignoring years of red flags and obvious dishonest patterns will probably work out great for you. Best of luck.
If they would follow the board and stop dumping billions of shares, they could have built a company worth investing in.
https://prnt.sc/RBJyRrDEN8_h
Well, over a billion shares were dumped in here just yesterday. Coincidentally right after they dropped an incredibly weak update that was promised to be exciting. The current market cap is between 2 and 4 million. Their debt increased and their sales and gross profits dropped. Some of us have watched this pattern repeat so many times over the years that we can (and do) predict when the dumps are coming. If you see something besides hope and ego that leads you to believe they will change their ways, then gamble away. But to act like the "bears" are just complaining to crash the stock doesn't carry much weight when the price is literally one tick away from no bid and all historical evidence points to this being a pump and dump with the sole intent of enriching James Ballas and his friends.
Below I have linked their most recent financials to support my bearish argument. These financials are the result of years of broken promises from JB. If you have a document to support your 'to the moon'. or simply 'break even' hopes and dreams. please link it so I can reevaluate my position.
https://www.otcmarkets.com/otcapi/company/financial-report/327933/content
It is when he paid 0.00000000 for the shares. If you look back at the history here, each time they pumped it they made less and less money. Now the pumps make them almost nothing. But when you’re talking billions of shares at Minimum .0001, almost nothing becomes millions of dollars. If you “borrow cash” from your friends fake lending companies and pay those back with shares worth much, much more then the original loan, you can really spread the love. You make money, and your friends make money. Guess who foots that bill…
Scam may not be the right word. What you are referring to is one type of scam. I think this is just a different type:
noun: scam; plural noun: scams
a dishonest scheme; a fraud.
"an insurance scam"
This would fall more specifically under “pump and dump scheme” I suppose.
I’m glad more people are starting to see it. Maybe that will force them to run the company the right way so investors can make some money.
This stock has sucked through three presidents so far.
There is no need for spin here. Lies, broken promises, dilution. It's a cycle that nearly everyone sees. Even if they did decide to start running the company the way it should be run, that just means they decided to stop scamming people. There is no doubt that it has been a scam for years and has cost investors millions. You guys are hoping they start doing right by investors, which is fine, but does not change the distant and recent history.
She should at least stay away from the board so she can maintain plausible deniability when the others go to prison.
You could always buy it for .0001 when it's at no bid and then sell them back to the pumpers when JB drops a fake PR.
Am I seeing this correct that it went to no bid again this morning? Maybe just a glitch in ETrade.
The tweet says it's free for basically everyone, right? They have cut all their prices across the board by 40%.
Nobody. Is. Shorting. A. Stock. That. is. At .0001.
People have been giving money to Ballas for his good products for years now. If you want to benefit from the good products, then buy the products. Those products do not translate into investor value when all of the profits go into his and his buddies pockets. They use those good products as bait, and they add no value for investors.
There should have been a third kind of post yesterday. Apologies from the people making up loads of bullshit to get other people to put their money into this POS.
I can tell you from experience, they don't seem to give a damn what James Ballas does to investors. So much criminal information has been turned over to the SEC already, and nothing is ever done. He has free reign here.
Yeah, it can't drop below .0001 so when that is the ask, there technically is 'no bid'. The bid and ask are the same.
You won't. It will just show up as volume. Today 2.5B shares have been bought at the ask. I'm not buying here, I was just saying that his pattern is to pump it at some point after no bid so he can dump more shares. In other words, I told all these people buying at higher prices that if they were patient they could get in at .0001.
Historically, this is the time to buy. They will pump it again some day. Next time will probably only get a tick or two, but those ticks are exponential gains if you get in here and let it sit for a while. But to be clear, JB doesn't care about moving the share price up, just getting enough interest so he can dump more shares. He has billions more he needs to move.
No worries, someone will post a 5 page essay on why this is not the fault of James Ballas, and how it's actually a good thing.
It's a scam company that sells shares and people are tired of the CEOs lies. They make promises to garner interest so they can sell shares, then they never follow through. The MM's literally cannot make people not bid on this junk. If anyone wanted it, there would be a bid. So many people want out (combined with the shares put on the ask by Ballas), that the buy side of it has been saturated with .00001s.
Do you guys put any thought into the BS you soak up from the long term bag holders here, or do you just believe all the buzz words they throw at you without question? I mean, they convinced you guys that there were shorts when it could only go down by .00001. THINK
You gotta be kidding. The MM's don't make it no bid. Nobody want's to buy this shit.
Be sure to thank your local pep club for all that great advice that landed you here.
Is today the squeeeeeeze?
I think they said 30-60 days until the countdown resets again.
They have been doing it for years and years. There are plenty of warnings all over the board. Many get deleted (because how is the share price supposed to go up for bag holders if they can't lure in investors to buy up all the dilution), but if you read back you will see that this is not new or surprising. It's what they do, sell shares. Even this post probably has a life expectancy of less than 5 minutes if the gatekeepers are awake.
Fool me once, shame on you. Fool me 3-4 times each year for a decade...
It's all probably just Blue Crush with a new name.
That definitely sounds like a realistic approach. Best of luck. Hope he surprises everyone.
I do like the different formulas and flavors. If this is the result of some new blood coming in to improve things, it might turn around after all. (not turning bullish, just giving them some credit on what looks to be a step forward).
I told the board that if it goes to .0001 I would probably grab some. Still would. Not because I trust the company, but because that's a cheap lotto for when Ballas needs some more cash and releases another positive PR. As far as fair weather friends, it's a company. I am not their friend.
I suppose if you bought in when it was no bid you may be up. Doesn't change my original point that Ballas doesn't care about the share price. If he did he wouldn't keep making empty promises. And naming one or two accomplishments out of the literal dozens of lies just doesn't cut it. It might work for gatekeeping ubqu message board, but it can't actually give you, or anyone else, confidence in this joke of a company.