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excellent!
yes, I noted in "growing concern" that they mention two numbers.
originally when I was emotionally sparring with the DD guys they used the larger number (On GDET) as the actual debt.
I argued back then that this was total debt for the entire life of company, a running total.
fast forward to now. I gave up getting emotional, and even though I am HOPING you are right chip, I err on the side of worst case fundamentals.
witht hat being said, perhaps UBQU will show no or tiny debt on next filing. My GUESS is not necessarily. why? because if this latest action ...erased all debt, the PR written (by ballas or for ballas) would have been worded much more enthusiastically towards that exact point. instead of "in excess of 1M..." thus implying oh there is debt left.
hope you are right, but I'm still betting on
and all below is my GUESS and OPINION:
that there is a lot of legal garbage on UBQU which caused "kenny" to say oh THIS POS penny stock is destined for EXPERT (back in 2018) and started using his tools to send UBQU to expert...have the mastercard fail for 6 months, use convertible swaps and the run of the mill bad media.
and then not only legal garbage which was GPL's fault, you had all kinds of stock manipulation garbage on it.
so GPL wants their garbage to end, so that they can get actual price discovery and stock structure cleanup on UBQU...
small thief breaks in the house. Bigger thief blows the whistle on the small thief AFTER the big thief takes the stolen goods off the little thief.
little thief out of jail and no longer has love for the big thief. that's my guess.
ok lets look at this again:
Ubiquitech Software Corp. (OTC: UBQU) is pleased to announce that during its fiscal second quarter, more than $1,000,000 of convertible debt principal and accrued interest has been forgiven by its largest lender.
at last financial report, the "Growing concern" claimed UBQU was 7.5 M in debt YTD...so My sophmoric expectation on next filing we'll be 5M+ in debt there as a "growing concern"...which is where we were 2 quarters ago...
On May 2, 2023, a judgment was entered against GPL Ventures and other GPL parties in a case captioned SEC v. GPL Ventures et al., 21 Civ. 6814 (S.D.N.Y.).
I don't have time sadly, and the DD guys might dig this up, last time I searched GPL ventures I saw an article from FINRA but UBQU ticker was NOT mentioned. perhaps this S.D.N.Y judgement specifically mentioned UBQU.
The judgment requires GPL Ventures to surrender to Ubiquitech Software Corp. all unconverted convertible notes in their entirety as identified in an appendix to the judgment.
yeah, perhaps GPL will not have control any more which still leaves me believing once UBQU runs, someone will sell those remaining 21B
- could be Ballas....doesn't necessarily mean ballas is still the head crook. sure I hat tip to the DD guys ballas is a crook still. it could be semantics that GPL the 'big guy" can't do the selling themselves but the pawn still can. even tho GPL got hand slapped, nothing in the judgement talks about how much MONEY UBQU still owes GPL
- or it could be A2C or someone ELSE who wants to dilute. no matter what, someone wants to dilute. retailers aren't buying, so they must have a reason to entice SOMEONE to buy. hopefully they are smarter than me and understand that indeed, retailers are DONE it appears buying UBQU at trip 2 or over.
The final numbers will be reflected in the company’s financial statements filed with OTCMarkets.com on or before July 15, 2023.
this is the line that made me smile. They intend to stay pink current. and I don't think they plan that because they think they'll get retailers to get rug pulled again.
lastly, this could be another positive. Why so little fundamental PRs? why so little action?
well the lawsuit. took months to settle. perhaps they needed this little kerfuffle to be cleared before they can reverse split or more hopefully, symbol change execute, do some fundamental or share structure improvement on IMTL.
it took about 6 months for larry Adams of GPL to ...die and his widow to "hand CEo-ship" to ballas for 25,000 dollars.
these things move slower MUCH slower than we retailers want.
for stocks that could squeeze make retailers rich and megafirms take million or billion dollar hits.....if the courts move at ALL, they move slow.
so sure I'm patient. I can wait.
ya I noticed that.
that's the ONE part of their PR I didn't believe.
I might need to re-read and get back to you.
I did notice a few things though that were important.
- they claimed it was based on a lawsuit. that lawsuit is talked a lot about by the DD crowd. GPL was sued for pocketing convertibles. however, in the original GPL lawsuit UBQU was NOT a ticker listed.
- therefore, I believe that there was some effery by GPL on UBQU and they only forgave 1M+. by forced lawsuit.
however, SOMEONE is gonna dump those remaining O/S. indeed perhaps GPL is saying the truth. perhaps james ballas will dump. them or that A2C fellow. regardless somebody is going to dump.
if Ballas, well technically they didn't lie. Ballas isn't TECHNICALLY an employee of GPL no matter how much I write stuff imp[lies that he's a pawn. However, because Ballas is still in DEBT 5-6M dollars to GPL A2C and who knows? well he still has to do something to pay off that debt or surrender the company to his creditors via bankruptcy. I'm sure whoever holds that 5M debt doesn't want ballas to give up a condo and some cannazall already bottled, they want to dump more shares!
so Ballas, as CEO of GDET, IMTL and UBQU, can perhaps, and I'm not 100% sure of this even, dump shares as the CEO. which then he would pay to his creditors.
so in effect, it could be the truth, but the reality will be when we move up, the remaining 21B will join the float.
honestly, if this was a bull market and retailers had some spare money to maybe try to fomo into UBQU, we might have seen that trip 1 getting bought out again on that PR.
but we didn't. which is fine by me because none of the past catalysts that happened before that last 800M trip 1 trip 2 even has happened. no memes have mooned, and more importanly, JP morgan dialed up their cheat to infinite (deleted 74 million isda contracts and the CTDC just issued a letter saying "hey for those 60 billion in LIBOR contracts, don't go after the hedgies" plus now infinite money printer from jerome.
that has been what has kept me up at nights.
with that being said, if they print infinite money and do NOT ratchet the bonds up to 10%+....sure there will be trillions of dollars, and the indices will stay right where they are now ...slightly green
and a loaf of bread will be 20 dollars and rising daily.
bubble gotta pop one way or another. JP morgan telling the hedgies who owe it trillions "hey s'ok don't pay us back yet and go bankrupt....tee hee I deleted all our loan contracts and paid a small fine"
ain't going to make the bubble go away.
I'll recheck the article and see if I can find anything sunnier about that "surrender all shares" thing.
yes, nothing new from what I just said.
in the past we still believed the lies wall street sang through their controlled media:
- the SEC cares about retailers
- fundamentals matter
- Ballas was working on fundamentals.
my ignorance was equal to all retailers ignorance.
now it is
- wall street, the sec, their media, their regulators (which are wall street) all seek to steal money from retailers. no rules are enforced when it hurts retaileres.
- therefore, fundamentals don't matter. Heck, Netflix has a worse debt structure than movie stonk, but hey, kenny pumps it.
- Ballas is now (and may always have been) taking order from GPL, which isn't illegal to my knowledge since the venture capitalist can buy seat on boards (reference HBO series "silicon valley")
remaining paragraphs are more of the same. and my response continues to be the same.
yes in the past the target was us. for good or ill and most likely just reality of a bear market. you, me no retailer is buying. Therefore, the argument that they are going to rug pull the retailers again, is...irrelevant, the argument that insiders (GPL) will never make UBQU be a fundamentally sound company...well, no arguments from me on that any more.
my argument remains as follows:
GPL ventures wants to dump.
retailers won't or can't buy
but many penny stocks are a place where wall street hides all kinds of effery, they made literally billions in 2021-2022 by getting about 9000 penny stocks moved to "expert"
but UBQU has a product, and revenue, so apparently does IMTL
therefore they follow the rules and file to stay pink current (on GDET, also a 'ballas ceo" stock, they did not and hence it's now on expert markets
so my theory at this point is that GPL has plans to force the effery in IMTL and UBQU's stock structure to be unwound. therefore, filing and staying current and PRs relating to debt structure etc are being filed to keep them current, so GPL can continue to spar with the SEC to get things that shoudl make sense, such as a name and ticker change for a CBD-only company like Cannazall.
my theory is GPL is hoping to force "wall street" to buy (cover) forcing up the PPS so that GPL can dilute.
I don't argue that's still a raw deal for retailers believing in old-school investing practices.
However, if my theory comes to fruition, any retailer bagholding a trip 1 average or less can take profits when it does happen.
honestly, barring acquisition from someone like elon musk, or some hugely viral event like a deal with wal-mart, I don't think there ever WILL be a "positive fundamental" to talk about.
with that being said, another CBD company can't mention ticker for off-topic reasons got a deal with Kroeger/Fred Meyer during the pot boom of 2019 ....went over a dollar.
today it's been flat all 2022 to now at 4 cents. volume 15000 shares on the average.
the bad fundamentals on UBQU are the past and its shared now with all but 12 artificially pumped mega caps on the market. names are different, stories are the same.
the hope? bubbles burst. and unlike all the others, like the ones in 1927 1987 2000 2008.....retailers are panicking less, capitulating less, and not even buying the pump ups instead they are buying the ones that are beat down before the bubble burst.
I doubt personally I'll ever be high on UBQU's fundamentals again.
but that doesn't mean I think I won't make a lot of money on UBQU as long as GPL wants to stay current.
lol. you've known me longer than most. wasn't even CLOSE to a record length.
I know, attacking the length of my posts was a ploy for an emotional response. doesn't work any more and honestly doesn't matter.
as for the second paragraph, you are just rehashing the pre-present day argument, my old friend.
and I mentioned that.
yes, it's clear GPL is working with ballas. it's clear the SEC went AFTER larry adams of GPL for diluting and pocket stuffing.
nobody here is arguing that debt with earnings etc and past management has been one big pump and dump retail rug pull scheme.
I understand why you are upset. heck, I'm upset for my ignorance in the past in belief UBQU is trying to grow fundamentally and defending that position.
but indeed, my long post iS FILLED wiht how that isn't why I'm in the play any more and it doesn't HELP new folks to want to be motivated.
my long post is pointing out that RETAILERS ARE NO LONGER THE TARGET for GPL in a P&D rug pull.
I believe Kenny who gives the SEC their marching orders targeted GPL for P&D retail rug pulling on many tickers, two of them are now Ballas CEO-ships for whatever reason (proof to me ballas takes HIS marching orders fgrom GPL)
and that's why GPL had to forgive debt on UBQU, due to that SEC lawsuit.
but the SEC only goes through the little guys who aren't cooperating with the HUGE crooks. JP morgan, citadel, virtu, bank of america.
so that's why I believe UBQU is still striving to stay current, and there are no PRs any more that would entice retailers to buy.
I think GPL is waiting on a squeeze.
now since I believe UBQU is a penny POS zombie like all the others, I will be taking profits on the next run up, because indeed this dilution pig cannot fly.
but I also believe too that when UBQU moves up, as I said in the last post, gold, silver, memes, volatility....will also be flying. and then well I'll be looking at real estate (as its crashing)
so yeah, I agree with you 100% scratch. the financials suck, ballas (well you might argue ballas is at the head of anything now I"m saying he's a pawn of GPL) rug pulled nad used PRs to sucker bagholders in.
I also sadly believe that the real crooks have damaged UBQU and IMTL enough wiht the help of GPL it will never see dollar hollar.
but I still believe we're gonna move up. heck we had that 80,000 day where all the nobid got eaten. perfectly...and then back down to nobid. that wasn't any retailer bagholders.
it was either wall street shuffling effery, or GPL and that other toxic bondholder doing business , or even GPL buying into the stock . dunno, don't care, What I do care about is that wasn't "dumb" retailers bagholding in. which does tell me GPL has plans for UBQU in the future. that's what the recent PR about how they will file this for next quarter tells me.
GLTY my old friend. fundamentals on UBQU don't matter, indeed UBQU is a zombie, and yes, in the past we baghodlers got bagged.
bUt personally, I believe UBQU is moving up, to 0002 likely, to 0004 highly likely, to 0010 well there is a history of that, beyond? well when we get the great economic bubble pop....better than 1% imo.
normally an R/S wouldn't be good at all. and indeed if I thought UBQU was now a POS that wasn't being manipulated by wall street above GPL, yeah it would be horrible!
but here's teh thing.
I'm not arguing the guys who hate UBQU are wrong. GPL wants to dilute.
what I'm arguing is that retailers aren't going to buy UBQU to get rug pulled, and GPL knows it.
therefore, I put myself in GPL'S head. can't dump to 000001 and they just wanna get cash, for their ill purposes.
SO, If I was GPL and corrupt, I'd want a RS.
so I'd have my puppet ballas apply. again, and again.
but lo and behold we hear nothing.
why? my belief is because there's so much effery (oops I edited this back to the PG rated word this is a public message lol.) on UBQU's share structure, screwing GPL corrupt or not, that if it DID R/S say 1000 to 1 so our float was a paltry 2.9 million shares, and then maybe smart retailers out of the play who agree with me BUY IN?
that's no good for wall street. who owns the SEC. so that's why I believe R/S is denied.
YOur name is new so I'm unsure if you are a long time listener of my long posts.
indeed, UBQU ain't gonna go dollar, it ain't gonna go even 10 cents.
but I do believe that GPL wants to dilute again. and retailers are not the target.
so it could go to trip 4, or even 0010 like it has done many times in the past. and for those who have an average at 0001, well those are pretty big gains.
and if they really lose control. yeah, we saw some POS garbage pennies go from trips to 2.8 cents and one crazy one went to 9.70
and UBQU WILL return to nobid again barring any change from the present bear market.
so you are correct, the R/S wouldn't be good long term, but I haven't said UBQU is a long term hold in years.
GLTY my friend. yes UBQU is a trap for anybody with an average over trip 1, I would agree. but for sure GPL wants to keep it trading. for whatever reason.
Indeed, many retailers are upset here over UBQU's media efforts. Its fair to say, before 2021, during the longest bull market of the USA, that the bond converters lent to the companies, and the companies mismanaged, and the idea was to get the retailers to buy.
I still claim that the upset bagholders don't do any favors to motivate others to buy into a stock they hold by just claiming their upsetness and blaming the CEO James ballas.
Kenneth Cordelle Griffin has on many occasions mentioned he has programmed his algorithms to "engage retail sentiment" which could imply that there are bots and humans on forums, but most likely is simply algorithms engaging payment for order flow.
specifically for UBQU, blaming Ballas is kind of a diversion and a half truth since now we know from DD against ballas, that he's just a low level functionary working with GPL Ventures, from his taking over as CEO of GDET and IMTL, a stock where Larry Adams, of GPL, was past CEO.
one indeed could demotivate new retailers from buying by continuing to point out "promises not kept" or more precisely, promises not kept IMMEDIATELY to the satisfaction of retailers. and indeed the motivations are either to be cathartic for one's own imagined mis-steps by buying into UBQU. Or the other demotivation would be as a warning so new buyers "would not be ripped off"
but a lot has changed as to what the play is on UBQU now, in my opinion.
I still hold we don't do ourselves any favors by discouraging retail buying, but in my opinion, retail buying wouldn't move this stock anyway. Also at this point, even the detractors to UBQU are saying a sentiment of "I wish this would go up so I can sell and get out"
so the message is "I dislike UBQU, I dislike Ballas, and if newbies buy it, Ballas will dilute on you , you'll lose money, and the second it moves up, I can't wait to dump too!"
and that's why I don't move in that direction. I don't dwell any more on who Ballas was before, who ballas is now, and I definitely don't hold Ballas any more in the very least as being the true decision maker on penny pos stocks under the GPL ventures umbrella.
and lastly, yes, if one dwells on all the fundamental PRs published from 2017 when I entered the stock to now...one would truly believe there is no hope for UBQU.
But for those who have listened to me especially since 2022, the UBQU play has nothing to do with fundamentals and PRs.
in fact the new antagonistic narrative is "why so few PRs? why when they do a PR I don't trust them?"
well few PRs I believe, is because GPL ventures calls the shots, and they are smart enough to see the retails hate the stock, so they aren't catering to the retailers any more. and that's why the few PRs we DO get is about stock structure "debt forgiveness 1M"
and retailers don't buy still. our daily volume is typically less than 1000 dollars. but oh how market makers continue to shuffle tiny bits of shares around.
so why is UBQU not in expert? indeed. if one believe retailers DO matter on UBQU, they'd give up. no way they are going to get the movement they need from retailers to dump on them and make money.
why even mention in advance this time that UBQU intends to file again and stay pink current?
Because I'm confident that Ballas is now a pawn of GPL...and GPL is a pawn of big wall street, and GPL sees the eventual collapse that will make 2008 look like a walk in the park.
and that big wall street is what DROVE UBQU to nobid.
my detractors believe more than 50% (or close to 90%) of retailers hold the 29B UBQU float.
I think at this point, I'd be surprised if retailers held 30% of the 29B float. I'm going with 10-15% of the float.
leaving market makers , Citadel , virtu, GTSM , CTSI holding all those other shares.
and after we've seen 8B movement and no clue WHERE it went and no movement on the price of UBQU, I am quite confident there is failure of price discovery and quite a bit of shenanigans on UBQU's share structure, that folks ABOVE GPL ventures want to keep hidden as long as possible.
why no name or ticker change? why no CUSIP change? oh it's ballas lying to us yet again right?
perhaps its the SEC dragging its heels and telling they'll prosecute GPL (again) or Ballas if they claim there's discretion against UBQU.
why doesn't ballas howl to the moon then?
well note that every stock tickers I won't name that PROVES manipulation, hires wes christian to sue the SEC....well they go up for a day, then pump and dump, sometimes the DTCC puts a month halt on them.
that's why Adam Aron didn't go that route. Neither did Rian Cohen. Instead , both plan on getting profitable, and offering a cash dividend would be my guess. the CFO of movie in last earnings call even said as much.
a cash dividend would ruin the shorts.
a reverse split on UBQU ...could ...ruin the shorts. at very least everybody claiming they are "trapped" in UBQU , including me, could sell. and heck, even GPL could dilute with a R/s on UBQU.
so why no reverse split on UBQU? my guess is contrary to pessimistic. it's because wall street has so much effery on UBQU's stock structure that even a R/S might force a covering event, or a much harder situation to manage it.
and I reiterate the reason I believe this is because UBQU ain't moving up on fundamentals and retailers aren't buying yet GPL and Ballas make efforts to continue to keep it pink current.
so bluey you all might be seething at me. if all you claim is real, then there's no way GPL can get out from this because wall street can crush the minor memes,continue to crush wes christian, and no MOASS. what makes you think GPL can get wall street to squeeze UBQU?
because GPL, me, and now millions of folks know, sure they cheat, they print infinite money, and they continue to manipulate...UBQU
and everything else.
the bubble is going to pop...and on those days I believe gold, silver, major memes, inverse ETFs...and UBQU....and probably a ton of other POS nobid pennies....will squeeze.
oh bluey. this will go on forever! wall street will ALWAYS win.....the S&P is going to now go up and up and up...forever
just like it did in 1928, and 1987, and 2000, and 2008, and 2018, and 2020....
my only DD. you can't cheat forever. and you can't print infinite FIAT currency and keep markets artificially inflated.
promises from the past that UBQU failed to deliver? irrelevant to me today.
promises that UBQU will stay current, and ...continue to forgive debt? continue to try to get he SEC to change its ticker or merge IMTL with UBQU...
continue to try to go viral so that earnings might matter?
and finally promises to stay alive until the major shareholders, market makers and institutions, finally collapse due to the inevitable consequences of their own unethical manipulations?
those are the PRs I'm presently looking at.
Also today, we had a little conversation of how some retailers are getting MM shares at 00005. Now if I was bitter about me say buying UBQU at trip 6 and holding it all the way down, not dollar cost averaging or selling for the many months from 6 to nobid, I would blame nobody but myself. even as we faced being moved to expert because we thought UBQU wouldn't file....I tried to realize the person making choices was me.
now we know a few things, we're staying in the game. so why not buy those shares the MM wants to give to us at 00005 and talking about those things instead of talking about ancient fundamental historical stuff from pre-2020?
Not a financial advisor. but for me, I think its better to argue that GPL has plans for UBQU PPS to rise, and so the best time to buy UBQU is now at 00005 a share than to bet a huge bag at a high amount, hodl it the way down, and complain about how I am a bagholder, and discouraged any new retail buying.
have a great 4th next week folks. if you are one of those folks still making money from the top 12 stocks being pumped in the S&P by kenneth, well congrats, hope you take profits and look later at the plays that will squeeze in my opinion when the bubble pops.
as for me, I'm content buying and hodling UBQU at 00005 and gold, silver, inverse ETF and other things that will moon one day.
I've mentioned this a few times over the years, getting filled at .00005
most of the times it happens once the MM sells to 000001 and a buy at trip 1 is placed at less than 1M.
in the past when I had schwab (ptooie) I sometimes got filled for 500K shares even as high as 750K shares.
this typically happens when we're in a downtrend which is often. by this I mean when the algorithms controlling UBQU (which are bearish even now since the only thing the algos are buying are the top 12 megacaps in the NASDAQ and S&P. if you toss out those 12 megacaps we're down 1% on the general market YTD.
so the algos are typically bearish so when you buy for trip 1 the market makers want to "balance" you at 00005.
it's teh way over years, I've gotten my UBQU average to .00007
I have noticed some 1M+ trades now clearing at 00005. if you got them, congrats!
be patient friends. only reason our enemies at wall street haven't collapsed is now janet and congress have given the USA an infinite money printer until 2025...and that money isn't going to UKR it's going straight to the big banks. which loan it to kenny, who continues to commit effery across all the stocks including UBQU and Jamie Demon of JP morgan just deleted 74 million isda contracts.
all they've done though is delay.
notice Game stonk now has RIan Cohen as CEO and chairman...he's running it now 100% and it isn't cratering back to 16 dollars a share, on the contrary its acting more and more like the next tesla slow-squeeze.
also the movie stonk lawsuit is doing nothing but proving the prosecution are clowns. there's a decent chance the judge throws it out in days from now and we can get started on generating revenue and paying debt there.
last time game stonk ran on positive earnings, we had that trip 1 trip 2 day.
I think GPL ventures is betting on the collapse of wall street, and getting effery removed on the share structure of UBQU and IMTL with the ensuing chaos. or perhaps that kenny uses all shares gained on UBQU and IMTL at 000001 as his personal cash cow and one day they'll pump the stock so kenny can make tens to hundreds of millions as required.
surely, it will be a P&D and there will be selling if that happens, from GPL convertibles, from Citadel and Virtu
but then so will retail bagholders.
and some of us are picking up big shares at 00005
GPL is the toxic converter bond lender. they just sell the A/S they do not hold shares long.
At the moment the corrupt SEC rules are one only needs to file when holding 5% or more of any stock in a long position. they have to file puts, but never have to file a short position. WHat GPL has is a convertible bond situation.
even so, I'm posting not 100% about this issue, but more I have a sad feeling as to why GPL 'forgave 1M debt to UBQU.
as many of you might know, J. P. Morgan deleted 74 million ISDA contracts (and got a 4 million dollar hand slap for it) this means the hedge funds to which is lends don't need to pay up on the ending of those contracts, and I'm sure a lot of governmental money laundering disappeared also.
since I do think UBQU is one of many little money laundering schemes, perhaps GPL just got a "whoops" great reset on some of its problems with JP Morgan. and so this 'debt forgiveness' is just a happy way to paint the larger corruption going on.
but in the end, all it did was save J.P. Morgan short term. one might argue wait bluey, wouldn't J. P morgan want to collect on loans to hedgies? not when there's 115x leveraged plays on the markets which are still losing. all the hedge funds collapse, JP morgan gets back a little, and then gold, silver, memes, and heck maybe even UBQU squeezes. JP gets pulled down with the hedgie and the systematic failure happens.
in the end though, this means at the bare minimum status Quo. JP will still want hedgie to pay them back (one day) and a black swan for our enemies still will destroy them. it's like one's failing bank declares a fake reset,does that mean my mortgage is over? nupe.
in the end, it wasn't anything ground shaking. yet. but it still gives away at least to me, that UBQU has a lot more going for it in its future than its terrible fundamentals. I really believe its part of wall street's corruption, and when the system fails, which I believe it will,because the rest of the world hates the dollar and senses our weakness, I think anything held by retailers which has seen -80% or more losses since 2021 (and that includes precious metals and volatility) will be rewarded.
I'm hoping GPL thinks likewise, they intend to dump the last 21B left. but I doubt they want to dump it only at trip 1.
definitely not a bad PR. but there are pros and cons since now I actually do believe GPL and ballas are in cahoots as originally offered by Joe etc.
the good news is that apparently GPL is forgiving 1M of debt. Good,
bad news? but at last filing UBQU was 7M in debt. up from 5M last filing.
good news. they say they are going to file it july 15th...well sounds like we ain't going to expert!
sus news. the article IMPLIES that GPL is out of notes? I don't believe that for a second. the remaining 21B shares GPL is ready to dump.
also at this point, with ballas being CEO of IMTL and still technically the defunct GDET, we know ballas is just a pawn of venture capitalist GPL. he goes where he's told and takes the helms of many penny wrecks.
the possibly good news continues though. sure nobody who follows this board and sees the hate is going to start buying UBQU on this PR. BUT, at this point I don't think GPL is banking on us retailers buying. I believe the reason the SEC went after GPL larry adams was because ol GPL wasn't playing ball with kenny, and so kenny unleashed the hounds. UBQU, IMTL, GDET ...maybe xref as well, but about 8000 penny stocks in the OTC were meant, and this is just my opinion can't provie it, to swap, launder, and hide all kinds of fun as the way to cover on their toxic shorts on what is now just not memes, but gold silver, the freaking VOLATILITY INDEX so when now the government prints INFINITE new money until 2024 they can keep the top 10 megacaps floating indices up without getting their market crash and systemic failure.
so Kenny didn't like, in my opinion, ol larry adams screwing with his little pressure valves. hey, game stonk squeezing, heck cover 80K on 8000 stocks , game stonk will barely move, also so will UBQU barely move on those weird 8B days when we saw trip 1 trip 2 for a microsecond.
but now, perhaps GPL is cleaning up the books. I do think larry adams really did kick the bucket, so there's a new head of GPL whoever it is. and perhaps after cleaning up the books, it might force the few folks at the SEc not watching prawn all day to like.....do the symbol cusip changes, maybe review and approve a merger of IMTL and UBQU, uyou know. things that would force some of the mess on our shares structure to be resolved, thus maybe forcing 8-10B of buying, not from us retailers, and THEN GPL can dump....which yeah, it's criminal....but then ...technically on that pump, we holders here can sell and actually take profit..and then sit back and wait and see if it makes any sense to continue to ride the wave.
in the mean time, sure they've had the weirdest bull market as the government has printed 600 BILLION dollars in the last two weeks. manipulation perhaps. alledgedly supposedly, and the only stocks moving those indices up are FANGMAT stocks, megacaps.
sooner or later , someone has to buy the 5.5% fed bonds to legitimize the printed money. will retailers? doubtful. will CHINYA do it like in 2008? no way, man, in fact I think China is BETTING on US markets to fail because with the USA economic system in chaos, what resistance could the USA give to emperor xi taking a vacation in downtown Taipei that he's always wanted since his daddy chairman meow wanted since 1946. heh...sooner or later, the banks, hedgies and institutions are going to need to buy those bonds, and to do it they'll have to sell those artifically pumped FANGMAT stocks....
and then the fun really begins imo.
the middle class is out of money and when they do have money, they are buying gold silver and meme stocks.
slow bank run getting faster. 10B a quarter of retailer deposits going into ....credit unions instead, meme stocks, and cash hoarded in mattresses for all I know. sooner or later folks are going to en mass go ... 0.4% at b of A? I can get 3% at a credit union.
banks will continue to collapse, and then the fun begins imo.
it's a great day to be an UBQU holder, just my opinion.
you too kiddo. for all of you out there who served, thank you for your service.
lol the mansion is not cancelled but on hold. as you mentioned my friend UBQU isn't the only plays we've got going on, and the bad guys are not in health today. banks are having a bad day today. so is Annheuser Busch and disney.
ya, maybe trip 5 is a ways away. but I think you might see higher than trip 1 very soon.
and there is a big reason GPL has gone silent with retailers. probably because the days of rug pull the retailers is over.
I really think IMTL, UBQU, acquisitions, mergers, at this point honestly if I were on the board that runs cannazall I'd be calling up half the rumblers and pay for ad reads. Dan Bongino pushes a CBD. so does saltycracker.
and if that was their plan? I'd keep it silent for now.
GPL has to realize tthe days of rug pulling the middle class (us) are over. we have no money or effs to give. BUT, they have a real company, they could get incredible sales. they just need to shift with the times and find the correct social media, IMO
lol the mansion is not cancelled but on hold. as you mentioned my friend UBQU isn't the only plays we've got going on, and the bad guys are not in health today. banks are having a bad day today. so is Annheuser Busch and disney.
ya, maybe trip 5 is a ways away. but I think you might see higher than trip 1 very soon.
and there is a big reason GPL has gone silent with retailers. probably because the days of rug pull the retailers is over.
I really think IMTL, UBQU, acquisitions, mergers, at this point honestly if I were on the board that runs cannazall I'd be calling up half the rumblers and pay for ad reads. Dan Bongino pushes a CBD. so does saltycracker.
and if that was their plan? I'd keep it silent for now.
GPL has to realize tthe days of rug pulling the middle class (us) are over. we have no money or effs to give. BUT, they have a real company, they could get incredible sales. they just need to shift with the times and find the correct social media, IMO
to sell at 0001 for a 3500 loss would require that 35M shares be bought for 7000 at trip 2.
penny plays are definitely speculative ones, and if a 3500 loss is the largest you've ever experienced, I think you are more fortunate than most folks on this site including me.
and indeed, at this point UBQU is a long hold and hope for a run that might be as small at 0004. and it sounds like other plays are making more than 3500, which indeed, I can say the same for myself.
I'm Hoping that you, and we all get out, which means hopefully 35M will be removed from the ask and imply some upward movement, I hope to take some off the table myself. UBQU has taught me that sub-penny stocks are best left to the experts, should we get a run I too will take my profits and look to more volatile NYSE stocks. ..although I probably will cotninue to revisit stocks like UBQU and IMTL and make sure my average is trip 1...or lower.
GLTY sir, because getting some sales off the trip 1 will be good for all of us UBQU holders.
glad some of our posts were entertaining.
neh. perhaps retailers were the original targets, before the collapse of the markets became REAL (ftx started it but it still takes months and months for the biggest P&D (the s&p) to unravel, but the retailers made it clear to GPL who is the brains of the operation that they weren't going to buy. so they fired their entire PR firm for now, no point in paying them. and yes, ORIGINALLY their goal was to p&d retailers hence the lawsuit against lawrence adams by hte SEC. but that was a while ago. and the reason teh O/S has stayed the same is because retailers aren't buying. also I am unsure GPL can "dilute" by placing GTC orders on the ask. even so, since it is GPL's OBJECTIVE to dilute at the highest price for good or ill, last thing they want to do is stack trip 1, discouraging retailers. I'm pretty sure that ask stack is mostly CDEL and other market makers. I doubt few expert trip humans have the patience to get a sub trip 1 average. even so, I don't have an ask right now.
and if I were GPL and the only buying was to come from angry retailers always dissing on the stock and their puppet ballas, I would probably call it a day. after all, the 5.7 million owed by UBQU and the ...7M+ owed on IMTL is owed to GPL.
but yet, when everything looked darkest, they work to get pink again, pretty strenuously, and the earnings versus the debt and being at nobid inspires no retailers, inspires no algorithms that UBQU is a buy.
so why? based on the general tone of this message board which to my knowledge is the only one engaging retailer sentiment, lots of angry folks. blaming ballas. I doubt they intend to entice retailers to get this next fomo.
If I were GPL I'd have filed for hemp life today name change in 2019, and I have had filed for cannazall name change back in 2021. I believe they did. I believe the OTC (and sec) are our real enemies, not ballas, and not even gpl any longer. and they are like nope. don't want those shares reconciled.
I believe they tried to merger GDET they might be looking at doing similar with IMTL or at this point, just moving all operations to florida for many reasons. I will be jaw dropped if IMTL stays headquartered in New york state.
So honestly, I do not expect any slow moving grind of sell more units, make more profit, pay off debt. actually at this point, since I've changed my feelings of Ballas beign hostile to GPL and I agree with the angry folks that Ballas and GPL are working TOGETHER, they are going to continue to grind to just stay PINK....and the other thing I now think is sure GPL has ubqu in debt for 7.5 million dollars but its effectively GPL's company now, with ballas allowed to stay on as CEO as a figurehead. so in a way, the debt isn't a real threat to UBQU's bankruptcy and dissolution.
unless I get surprised and find GDET goes pink (really doubt it its listed not only as expert but skull crossbones caveat emptor) and debt just vanishes on UBQU's filings....I think the next play will come out of nowhere and have nothing to do with UBQU trying to win back the love of disgruntled retailers.
I'm emboldened by no name change so far no symbol change. this means that instead of Ballas being hostile to GPL who is working with kenny. it means that ballas is working with GPL which to which kenny is hostile. since the SEC is pretty much there to protect WALL streets interest not ours.
if there weren't those 8 billion in shenanigans on UBQU. they'd let us symbol change to CZAL or what-ever and if retailers were still here holding 29B shares of garbage....we'd scream louder and be screwed. but we haven't symbol changed. I don't think wall street wants our shares to be recalled from the DTC and rectified.
remember when stock twits had UBQU tweet out hey OTC update our share structure! I do. nothing happened AND this forum continued on grumbling and blaming ballas.
anyhoo, there ya go. I haven't been more confident that there is corruption on UBQU's share structure, and its on the big three's end (market makers, brokers, banks) more than GPL ventures end now. GPL is still in the play NOT to get retailers to buy, that ship has sailed, and retailers are emotional types who never forgive. besides we're a POS nobid penny stock, the best jump we might get from here is 0010, so most retailers are gonna at best trade and move on.
so no need to have marketing budgets any more. but how can they get a share structure rectified. well, acquisitions, mergers, symbol changes, etc. GPL can be patient. wall street and their SEC puppets are running out of time.
so as always, not waiting for any love to come from UBQU directly to us. but I watch the markets, the collapse of financial institutions, hoping GPL stored some cash for the winter and not in any of these small banks ...and I watch the trades.
got a lot of trades again, weird 500K and 10K moves, some within 30 seconds of each other. not humans. nothing like those 8B and 3B moves that joe mentioned. but we still had them. I'd be surprised if more than 250,000 shares today were bought today by humans.
they could be cycling through the 8000 penny poses that citadel controls right now. but eventually I think they'll cycle back to us.
Kc shaw of youtube mentioned two more banks besides comerica and zions which are looking pretty bad. the end for every bank but the biggest 4 criminals is near. sadly, I think the most UBQU profits are to be had when they use swaps to cover on meme stocks by moving as much covering as they can into the POS penny stocks. so we'll wait I think.
but I don't expect any tweets or PRs from UBQU begging back the love of angry retailers, and I don't expect angry retailers to fomo into the stock, initially. not that it doesn't mean UBQU won't move up in PPS imo.
I'll admit that before ballas was made ceo fo GDET and IMTL I thought that Ballas was against GPL
also I implied that ballas wasn't a crook more of a fool.
so I'm following scratch and I'll hat tip to Joe that indeed, Ballas & GPl are both criminals. where I disagree with the them still is that they are continuing to focus on retailers for their revenues, I think that ended when the OTC went after lawrence and the realities of the fact that
1. retailers aren't buying
2. the 8 billion shares joe talked about. I think GPL realizes their next money play is not from us, but from perhaps A2GG as joe implies, or those who own the float. which I believe are not retailers, but hedge funds and institutions
a recent exchange today though intrigued me. I still hold that fundamentals on GDET (in fact, GDET has no fundamentals at all hence its on expert) , IMTL and UBQU mean nothing. so still quite skeptical on scratch's assertion that if they continue to improve fundies, we could see a pop in UBQU's PPS.
but I have some questions:
GDET out of expert? anything happened recently to even IMPLY GDET is trying to get out of expert? firstly, GDET didn't have a product. IMTL and UBQU do. they could file months and months of paper I think showing 0 revenues but I think the OTC would frown on that. I think GDET was part of the GPL "reorganization" where they put ballas , their minor criminal employee under ceo ship as whoever was the single ceo of GDET ...went away. but it had no revenues, so they probably just let it go expert. but if there is proof they are bringing GDET back to pink...hooo boy good for us. another pile of shares for mergers acquisition and chaos for the institutes who short to drive these penny poses in the first place.
scratch mentioned GPL debt with UBQU cancelled? now indeed I noticed an article a year and a half ago where priya wrote that we had cancelled our debt with a large convertible debt holder (I think it was lawrence adams who probably was dying or had died and it was time to tie up that end)
but last I checked ubqu was 5.7 million dollars in debt. if we have ZERO debt, then yeah, we are a powder keg awaiting to go up.
in the end perhaps the billions moving with no PPS is GPL moving its own money around or putting the screws to AA2G.
with that being said, the movements on UBQU and now IMTL, and finalizing IMTL acquisition by ballas through sale of preferred shares of IMTL, along with these upheaval movements joe mentions happened within DAYS of meme stocks moving up (and that 400M sell with banks failing)
I am unsure that these moves are interior funnelings.
my thesis is this: GPL is cash flow positive. they have IMTL and UBQU who actually make money regardless of their horrible balance sheets. it's a bear market, and GPL realizes if they just WAIT OUT the bear market, and survive while their friends on wall street (and no, wall street entities hate each other) GPL could make billions from forcved buying from the entities that drove their pos stocks to nobid in the first place.
and also that's why I think they went dark with retailers. the buying wont come from disgruntled retailers who have been stuck at nobid for 6 months. when they tweeted updates coming, all the retailers tweeted back was "yeah sure you bunch of criminals" or something of that effect.
GPL doesn't expect the fomo effect to begin with retailers any more. retailers are tapped out and all out of fs to give. criminals sure, but not the criminals who will cause these stocks to rip the next time on. the bigger criminals are the target.
also they could be waiting out the bear market. eventually we will quantitative ease..and money will flood back into all markets, and last time that happened early 2021 UBQU went to 0021
of course this means we're still a P&D but if we p 0001 is the place to have an average.
anyhoo if my understanding on UBQU's debt or GDET coming back from expert is wrong, I'd love to know. that would be epic.
oh one add. even with 3 500K sells to 000001, the "red" showed up in trades.
also the buys back 25K and 500K were both filled at 00005 and showed that Pps change. sailor NOT take warning.
I think this tells me this wasn't a market maker psychout play where they sell 100 shares for a micropenny and locked the PPS down with a ton of "seq" markers.
I do think those 1.5M sells were share positions some entity did NOT want or need to sell, but they were sold anyway. small amount but some of these banks probably have tons of POS pennies in their portfolios that they bought and forgot back in the day.
oh and schwab ain't looking too great too as the bandaid put on banks after the bail-in of silicon valley bank explodes in a gusher of red.
nice.
for now, just the banks!
next after pacwest, zions bankcorp and comerica ...shame, I once had money in comerica back in my motown days.
and yeah I might have been early on the massive dumps to 000001 these banks are fail-ing not completely filed for bankruptcy yet with trading halted like first republic.
but we did see some nice 500K chunks down and one back to 00005
market maker algos set to BIG BEAR on UBQU stock right now I am thinking.
but at this point it ain't retailers having robots sell for them.
movie stonk announces tomorrow. if things get a little squeezy and I'm not putting huge expectations on that for right now....maybe we'll have some swap BUYING of the 500M ask a few days later just like we did with game stonk.
as for IMTL, they do NFTS, and yeah this is a 1% longshot guess but RC over at game stonk is playing poker with his cards to his chest. any positive PR coming out of game stonk or a second profitable quarter...we'll see more trickle down to UBQU I am thinking. man if GPL could sell IMTL to...anybody...I also think we'd see some weird ripple effects.
overall I think bank failures don't really start UBQU and IMTL ripping, but I think meme stocks ripping causes the best ripple effects.
even so the more shares at 000001 kenny and the liquidity fairy get a hold of ? the better imo. sure it'll be a one time P&D
but kenny makes the BEST P&Ds of all time...remember tilray?
probably going to see soem mighty sells to 000001 today I think.
First republic and Pacific West bank came out of nowhere (no not really the pain for wall street has just begun) and is now down 70% . PacW probably won't be bailed in either.
so little chunks of penny Pos stocks held by banks will go into receivership and be pooted into kenny's coffers at the bid of 000001.
personally not worried. I expected there to be mighty makes-no-sense sales of nobids to 000001 as the bad guys were being closed out.
and then once kenny or the liquidity fairy has enough of those 000001s....they are gonna want an old fashioned pump I am thinking.
on UBQU, or brand x if it has a real product. ...fundamentals won't matter. kenny wanna make some p&D tendies. I'll be happy to take any table scraps with my sub trip 1 average.
where's the music guy on this forum?
we need "burn baby burn, disco inferno" for wall street banks ....
IMTL pink.
FIrst republic bank, 16th largest bank in the USA up for sale on sunday, JP morgan might have won the bid in a "dirty deal" more to come. you in the big banks, FDIC will bail you out, you aren't FDIC means nothing? doesn't matter, all it means is the big 4 bofa Jp morgan stanley, Goldman Sachs and citibank will be the last to go . not sure they can get CBDC in line on time.
guess we'll see if we get some interesting volume down here on UBQU based on wall street misery. if not perhaps it was more linked to the game stonk positive earnings. which means movie coming soon with sold out popcorn shelves near you.
what is GPL up to? me I'm hoping two pinks so they can move IMTL to...florida, where there's no state income tax and the state itself isn't trying to destroy free markets.
maybe some applications for some long deserved name and stock symbol changes. maybe some mergers under that placeholder ceo JB.
going to be yet another interesting week.
also hope if they still give a thing about playing to the retailers...., forgetting youtube, and looking at rumble.
just my opinions guesses and hopes.
yes, in the nobid of 2019-2020, I could capture up to 999,999 at 00005 (I had schwab and wasn't allowed to buy more than a million shares of anything...)
but when a million + was bought? bam to 0001
I mentioned something UBQU does (my guess all the nobids typically do on the same ALGORITHM
when we have all "trades" as black, sailor take warning,
if we have bid 00005 ask 0001 or bid 0001 ask 0001 and the trades show as green, red, black then typically any trade under a million gets filled at 0005
of course I've changed since 2019. I only make my buys maybe once an hour or even just once a day. I never buy after 3:50.
my guess as to why you got filled trip 1 at 400K is because you did two buys close together and the algo was no longer willing to "hold the stock at 00005.
also notice so far your trade is the only trip 1 fill.
this is because and I'm pretty confident in my guess is the algos are on BEARISH mode. cuz of the banks and the fake distraction of the major indices being manipulated up etc. but the money that moves markets of which I believe UBQU has an algorithm for the MM firms of those market makers says meme stocks, keep em down. penny poses keep em down.
so a real human (you) got filled at trip 1. the mms want "even-ness" leaning to down, so bam about 62K sells to 000001....then a whole slew of garbage lots a minute each to 00005....I haven't traded UBQU today so congrats again kiddo, you poked the market maker algos I think lol.
and then a cool mil at 00005. maybe a retailer, maybe a MM. don't know.
as I mentioned this week is lazy and slow. the bad guys, they aren't doing so hot. losing billions. mostly banks right now. but easy to manipulate markets on a lazy friday. btw, bud and fox aren't doing good at ALL today (bud was doing fake pumps up last week) but I don't think either of those are connected at all to UBQU. but my point is next week, is another week I think you me and other UBQU retailers can capture some pink UBQU shares at 00005, if we want it, but for the top echelons at wall street, oh they got billions of dollars to worry about losing.
plus citadel still has 80 billion of "equities sold not yet purchased"
JP morgan 102 billion of same.
sure we're at nobid on a pos penny stock. but I own all my shares in cash with no margin, worst thing that happens is if it goes to 0, I get more cash and play other stocks.
I'd much rather be right here at 00005 in UBQU in cash than leveraged up to my eyeballs both long and short for billions on the global stock markets.
I've never captured so many one buy at 00005. congrats!
I think most of the shenanigans on UBQU related to first republic and pacwest bancorp (stay tuned, wells fargo and silvergate soon) rippled down on thursday. friday might have been a 0 volume day except for a few loyal retailers.
IMTL finally got pushed down to nobid today. which is fine by me since I started bidding tiny 2.50 dollar lots at trip 1. I expect to have a similar situation on IMTL where they'll drop it to 000001, and I'll get some 00005s there.
today is a lazy friday, low volume everywhere, and the indices are up. green on low volume is bearish. and its a distraction as the financials are looking horrrible. at this point lol banks YTD looked like the MJ sector in 2019. down 99%. UBQU and IMTL going pink? so glad to be here than in big banks.
I only can guess about IMTL. it has revenues obviously. it is supposed to be a non fungible token company. uses computers. easy now that lawrence's widow sold to JB to move the HQ. my guess is it isn't a big company. maybe the handful of employees there would be happy to relocate to florida, where there's no state income tax.
of course, the fundamentals there are terrible. you don't get to nobid not being a pos fundamental company. BUT....reason we all go slammed in 2019 was because wall street talking heads told us MJ was the future, right? so we got rug pulled...the whole MJ sector.
what are they saying now? why they are saying non fungible tokens are dead. like crypto, never coming back. dead dead dead.
they joked about everything from the automobile to computers to that online bookstore that would go nowhere, amazon, to theaters to game cartridge brokers...
all came back.
notice they aren't joking about banks. they are saying oh we'll save the banks.
I'm contrarian on all of mainstream financial media.
so there's some hope for IMTL to actually return on fundamentals.
as for UBQU. well I'm less confident on fundamentals, but it's clear they've spent 3 years driving ubqu to nobid and keeping it there. and as always I'm sure UBQU is one of thousands of places the bad guys hide their unethical and illegal shenanigans.
If I am right, the bad guys hold more than half of the 29 billion shares out there. and I think GPL knows that.
so one day maybe, one of those bad guys is going to cut their team mates loose and pump UBQU for proof of collateral or just make billions, rug pulling new retailers. if that scenario happens, my guess it will be citadel who is picking up all nobid sells to 000001...on thousands of these nobids on the OTC. so there is that.
all I know for sure is this. these companies are doing their best to stay pink. GPL obviously doesn't want to forclose on IMTL and UBQU. they'd lose all their loans effectively. and they don't want to pump the retailers, they've pulled all their communications. could be because the retailers are mad as hell and wouldn't buy, but if they thought there would never be a run again on UBQU or IMTL, and retailers are out. they'd just stop paying cheung to file and let these two stocks spin off to expert markets.
I think GPL leaders know something. sure they were corrupt during the bull market, dumping on retailers.
2021 changed all the rules and 2022 showed that the minor criminals in the OTC were being puppeted by the big league world criminals of the blue chips.
I don't think the next run ups will start with retailers buying. it will come from forced exiting of institutional players....across a lot of the OTC
cheung dropped another boilerplate letter on IMTL,
simply stating accounting and law is in good standing.
maybe IMTL is trying to get pink also.
probably means nothing, but premarket the spread on IMTL is trip 1 trip 3
first republic bank is dying. didn't make the news much, but we got a lot of weird lots both bought and sold on UBQU yesterday, I'm kind of expecting that chaos to continue next week. lots of 999,999 moves which reminds me of the schwab/ibk/td ameriturd group.
indeed I'll be interested in knowing what GPL is up to to get their next run up on these pos pennies, since it is GPL in my opinion, not Ballas, who is making the strategic moves for IMTL and GPL as we continue to wait out the second great american depressive bear market. and my guess is the SEC and OTC are going to pretend to clean up their act as a distraction to the biggest theft taking place on the NYSE and NASDAQ stocks, banks etc, and to give us a sense of "trust" for them as we move towards CBDC (which will be a nightmare for us regular folks but still might take years for us to make a few tendies before they tell us what we can buy and use it or lose it etc) so down here in the cellar basement, they might actually start processing applications for things such as name changes, symbol changes, mergers and cusip changes.
sure, IMTL, UBQU, I'm sure the next run will be a pump for a dump, irrelevant of who is responsible for the ultimate dump. but for anybody buying down here in the sub-trip 1 range, I could take some profit off the table if I want.
movement to pink faster than I anticipated.
what I would like to see next isn't a PR from UBQU. I'd like to see a PR or filing of IMTL or UBQU to move their HQ's together.
there's a big shakeup with the SEC, they are trying to "get rid of Gary"
of course its not going to happen quickl if at all, BUT in order to "Look busy" who knows? the OTC might stop ignoring cellar boxed penny stocks and start processing PINK stocks applications for corporate name changes, symbol changes and mergers. the movement back to pink happened real fast so perhaps someone at the OTC has an interest in paying attention to UBQU
at least he algos for the MMs might starts slapping our little penny around a little more.
yesterday I put in a trip 1 bid for IMTL
my broker said "nope sorry pink limited"
which worried me cuz UBQU was pink limited now, but I can still buy UBQU.
today, my broker said OK you can bid on IMTL.
scanned the new filing. yes, Kid, I would tend to agree that UBQU wants to go to full pink.
it lists what is full pink requirements and what is limited pink requirements
note it says that 2-4 weeks for response.
Allan smethers is on IMTL and UBQU as the auditor. that would make sense since I think Ballas is now at the bottom of the food chain and GPL is at the top.
only speculation, but at this time the play by GPL is to get both pink current, IMTL and UBQU, and try to either move IMTL HQ to florida which would make sense to avoid state income taxes and merge the companies. and apply for mergers, Symbol changes, and reverse splits.
anybody still reading what I write know what I think the response shall be by the OTC. their response will be to stonewall, keep both companies pink limited and try to move them to Expert if they can for BS reasons.
but we'll see at this time momentum seems to be with GPL
talk about double posts for everybody recently!
ok on topic ITML went over there and read only the disclosure of change of control.
it's official and only official NOW. JB bought from the estate of larry adams (guy prolly is dead oh well dead or in hiding irrelevant the GPL /ballas relationship continues)
JB buys those 100,000 preferred shares for 25,000 which means he's the sole decision maker on IMTL
I doubt I'll buy into IMTL yet, though its a 6B O/S with only 1.8B left to dump.
my thoughts are that GPL still runs ballas, but they want ballas to be CEO and actually helm the IMTL ghost ship. why?
I think they are going to apply to merge IMTL with UBQU. arguing a symbol change or a cusip change.
as before with GDET my thoughts are the OTC and SEC will DENY any such applications. I think they don't want to have to shake out any shenanigans on UBQU (or IMTL) . even then if GPL wants to "dump" they kind of NEED to get UBQU off nobid. either way it would cause chaos. and imo chaos is OUR ally here t nobid abuying at sub trip 1 and danger to those who have a bearish interest on these stocks.
wonder why it took so LONG for "JB to buy" IMTL. could be that since it was announced JB was ceo we've had mega inflation and are staring at the collapse of the US dollar...so maybe that's it.
he's linked to GPL right? havent' seen that name on any filings on UBQU in a while. although I'm only looking for ballas and the lawyer cheung most of the time.
don't know who allan is, but the reason they have more and more debt with billions issued is because even though ballas is blamed, he's an employee of GPL (or in cahoots)
and GPL was a toxic converter, was sued by the SEC for it.
this type of play happens on 8000-10000 penny stocks and that's how wall street drives them to nobid.
in a bull market the lender says hey, here's a 1M loan at 10%, but let me dump shares and you'll get 50% of the lowest average of 2 prices in the quarter in debt forgiveness.
the idea being the stock will still go up, and the company not only will make them richer, but it's a "payment free" loan.
then the converter just starts dumping, back before 2021 buy and hold ideas, the retailers sold on red and so if the loan was made at 1.00 for a million, the converters dump maybe 500,000 at 80 cents to make 400,000 dollars, and once the retailers sell say the average for the quarter is 40 cents. loan forgiveness equal to 500000 shares at 40 cents is 200,000 dollars. converter doubles their money and still holds the corporation for 800,000 at 10% annual and then...blame markets, blame the ceo (which thousands of them were really stupid to do) and make the retailers dump even more and lo and behold you are heading toward nobid from a dollar (and yes, there are companies at nobid that started at 6 dollars with this technique)
the 50% of the two lowest average in the quarter is on every penny stock I played. the ones in the big memes? hycroft and movie? first thing they did once they got saved in 2021 is GET RID OF CONVERTIBLE DEBT HOLDERS.
all that follows are my guesses and opinions:
whether ballas is independent of GPL or now a lackey of GPL is irrelevant.
what is relevant is GPL has been pinged by the SEC for doing this. which is probably the ONLY reason we're not expert. GPL probably does NOT have a great relationship with kenny who pretty much owns the OTC (and might as well the SEC)
and yes GPL plans on dumping the remaining 21B shares on UBQU (and surely getting more if they could) but obviously no longer will retailers buy them.
that's why UBQU insiders have stopped talking to us retailers. we're not the target to get buying any more. those who own the algos are.
today will probably not be great. cuz markets are red. however, last time we had high volume, to trip 1 or 000001 was a few days AFTER the game stonk run up, AND the bank failures.
I think movie is going to run up soon because the fakepump on banks is losing steam.....so....a week....two?
noted Kid also said IMTL went back up to yield from EM. lol, I didn't even notice IMTL doing down to expert. some hope there that GPL who put ballas in charge of that ghost ship is also a squeeze play for GPL?
at this point in closing, yeah I even believe UBQU is a swing play, GPL plans on dumping cuz we now know the play for them...at best and I'll be taking a bit off the table if we run up. but witht hat being said, if your average is trip 1 or trip 2....this could become a nice profitable run in the future?
of course crazier things have happened, nobody expected elon to buy twitter...so there's still that .000001% chance we go from making thousands on a pos penny stock swing trade to making millions....
lol well I'm sure the bad guys don't want unexpected buying but I still think the buying will start with computers.
yeah, the OTC seems to be a quarter behind their little shenanigans on the OTC stocks. with one exception...remember when we had that slew of PRs....boom the OTC trumpets out STOCK PROMOTION....warning retailers, there's a pump going on!
the OTC is NOT our friend imo. but at this point no retailer thinks the regulators who were installed to protect the retail investor ever does their job, in fact most retailers think those regulators do their best to help big money steal from the retail investor.
weird action today, two buys 200K each at trip 1, bid 0001 ask 0001 yet we stay locked at 00005...must be waiting for that 100 share sell to 000001 in an hour or so.
hmmm. yield sign
the good news this might be OTC's intended incompetence and they are placing the yield just as UBQU files.
the bad news is this might be OTC's intended competence to indicate to the algos that they should be bearish.
sorry, I looked at this new filing compared to the earlier one and saw no change. debt still 5.7M all the convertibles look the same.
earnings might be up, down, horrible to me that doesn't matter, in normal world GPL and ballas should just file for BK and let kenny move it to EM but they don't...
so still cautiously optimistic, but the move to yield is definitely not our friend imo. it is their indication the folks on wall street who I think are our real adversaries want to take this to EM.
other bad news is the artificial pumping of the indices continues. so we won't get the black swan we need to hurt wall street and help the meme stocks will happen today imo.
even so yeah kid I'm with you for now, I'll keep trying to capture some sweet sweet MM 00005s
a couple of additional thoughts why UBQU remains to file regardless of the 'hopeless' fundamentals
GPL runs it. GPL asks ballas to be a front man. again, I'm role playing this as GPL ventures.
I think they applied for a symbol and CUSIP change. (once in 2019 for hemp life today denied and once in the past for cannazall)
but I think oTC denied or is stonewalling. why? because if they did CUSIP and symbol change you'd have to reconcile all the shenanigans stuffed in it.
I likewise think they applied for a reverse split. I know oh no horrors for retailers. but hey at nobid YOU could sell along with GPL and get out some of yoru money....yet....denied by the OTC or slow walked. why? I'm assuming if you hate your situation in UBQU and believe it will never go up again you'd be PRAYING for a chance to sell as soon as an RS was done.
so you are GPL wondering why the OTC which I am 99.99999% confident is run like the SEC by big wall street and washington interests...why the OTC won't grant these simple requests.
well because I believe they know, those who own most of the float want the stock to never be reconciled....or go up for that matter.
so I think GPL thinks they have a possible squeeze play once their share structure is reconciled. that is why I think they continue to file and refuse to let them go EM.
as for retailers they used to tweet and post about symbol change ....they got a very cold reception from the retailers. rakuten happened which I think was a KENNY driven dry run to see if retailers would fomo in. it did not happen.
GPL and Kenny at this time realize one thing the retailers who are bearish on ubqu's futures are right about one thing. there is no retailer interest at this time on fomo-ing in the stock.
also GPL has some experience with finances. right now we are looking at a financial collapse and the greatest depression worse than 1928. if GPL got themselves cash flow positive, why abandon UBQU, also why expect retailers which are broke as s to put thousands of dollars into it. at this time retailers are putting what little money they can into movie stonk and game stonk. so for GPL to give up on UBQU a the BOTTOM of a general market collapse if it costs them nearly nothing to file...a big mistake to sell on red. even for GPL whether they are ethical or not.
I beleive GPL has done their DD. retailers own nearly NOTHING of the 29B out there. ...so why tweet since every time they do they get hate from retailers. why have IR at all, or PRs right now. so they fired preya and stopped PRing
yet volume spikes happened. along with serious movements in big time markets....another reason why GPL realizes retailers don't matter in UBQU (sorry if this part upset some retailers, but with exception to movie stock and maybe game stock, no ceo cares one whit for retail investors. retailers need to ride the waves sell on green and buy on red)
so GPL can do what? all hypothetical:
why they can work behind the scenes to get some rich elon type to acquire UBQU and reconcile the stock.
they can keep on waiting until the SEC and OTC show weakness and THEN sue them for failure to cooperate on RS and symbol change filings....
or they can jsut be patient and wait for the banks hedgies and MMs and brokers to start collapsing which only the main stream media and jim cramer claim isn't going to happen.
I once opined a dollar on fundies. ok I'll take that off the table. wrong
do I believe UBQU gets off nobid? yup
do I think that one day we see 0010 again? maybe even 0027? yup
maybe higher than 0027? stranger things have happened. especially if one Kenneth cordelle griffen picks up 10B+ at 000001 thanks to his ex-allies schwab ib jp the list goes on, collapsing selling to him, and then he can turn thousands of dollars into billions.
it isn't about JB any more. GPL owns JB. I thought like you before that JB was alone, fighting against GPL ...and I wondered why he became CEO of GDET and IMTL
then when I dug into the DD about GPL's lawrence adams (forgot his last name ) and GPL issues with the SEC I noted that GPL was accused of dumping and pocket stuffing IMTL and GDET. (which gdet went to expert...probably because it had no real product and probably wasn't short enough to squeeze). so now my guess is simply this. lawrence might be dead or in hiding, but he's gone, and JB was "placed" as ceo of those two ghost ships. IMTL gone expert yet? dunno don't care.
in fact I expected UBQU to go expert.
we could easily have gone to expert a month ago. but we filed.
Jb isn't running this play any more its GPL.
GPL cares not to go to EM.
sure no volume to sell shares, then ...boom we get that 800M buying 500K every 20 seconds and I know you think retailers still matter in this play but that buying wasn't retailers.
then 2 weeks later boom 320M just off the ask to 000001 also in computer batches.
so you ask does JB care any more?
answer is no, but GPL cares. and I think they care because they KNOW angry retailers aren't going to fomo into this stock, but the volume comes at the least expected times does it not? so GPL doesn't bother to take over a condo run 3 man operation, just lets the debt increase and they file...and they patiently wait for the manipulators of this stock who own the float who aren't run by computers start to do those crazy volumes again.
yes, I do think they think there is a play...either a fake collateral pump play, a fake media with a MJ catalyst play, or a squeeze play.
it isn't about JB any more. GPL owns JB. I thought like you before that JB was alone, fighting against GPL ...and I wondered why he became CEO of GDET and IMTL
then when I dug into the DD about GPL's lawrence adams (forgot his last name ) and GPL issues with the SEC I noted that GPL was accused of dumping and pocket stuffing IMTL and GDET. (which gdet went to expert...probably because it had no real product and probably wasn't short enough to squeeze). so now my guess is simply this. lawrence might be dead or in hiding, but he's gone, and JB was "placed" as ceo of those two ghost ships. IMTL gone expert yet? dunno don't care.
in fact I expected UBQU to go expert.
we could easily have gone to expert a month ago. but we filed.
Jb isn't running this play any more its GPL.
GPL cares not to go to EM.
sure no volume to sell shares, then ...boom we get that 800M buying 500K every 20 seconds and I know you think retailers still matter in this play but that buying wasn't retailers.
then 2 weeks later boom 320M just off the ask to 000001 also in computer batches.
so you ask does JB care any more?
answer is no, but GPL cares. and I think they care because they KNOW angry retailers aren't going to fomo into this stock, but the volume comes at the least expected times does it not? so GPL doesn't bother to take over a condo run 3 man operation, just lets the debt increase and they file...and they patiently wait for the manipulators of this stock who own the float who aren't run by computers start to do those crazy volumes again.
yes, I do think they think there is a play...either a fake collateral pump play, a fake media with a MJ catalyst play, or a squeeze play.
a more precise answer though it is 7 years old:
JPMorgan Chase & Co. is the parent holding company of Chase(Commerical Bank) and JPMorgan(Investment Bank).
John Pierpont Morgan (J.P. Morgan) founded J.P. Morgan & Co., which is the predecessor to Morgan Stanley and JPMorgan Chase.
As a result of the Glass-Stegall Act of 1933, J.P. Morgan & Co. was broken up, it spun off its investment banking activities into Morgan Stanley.
J.P. Morgan & Co. continued to operate as a commercial bank. However, in the 1990's it started to rebuild its investment banking operations. In 2000, it merged with the Chase Manhattan Bank, and JPMorgan Chase was formed. In 2004, it acquired Bank One, Jamie Dimon ( current CEO of JPMorgan Chase) was one of the executives who came from Bank One. During the financial crisis, JPMorgan Chase also acquired Washington Mutual and Bear Sterns. Today, JPMorgan Chase is the largest Bank in the world with over US$2.6 trillion in assets.
Morgan Stanley continues to operate as an investment bank.
a more precise answer though it is 7 years old:
JPMorgan Chase & Co. is the parent holding company of Chase(Commerical Bank) and JPMorgan(Investment Bank).
John Pierpont Morgan (J.P. Morgan) founded J.P. Morgan & Co., which is the predecessor to Morgan Stanley and JPMorgan Chase.
As a result of the Glass-Stegall Act of 1933, J.P. Morgan & Co. was broken up, it spun off its investment banking activities into Morgan Stanley.
J.P. Morgan & Co. continued to operate as a commercial bank. However, in the 1990's it started to rebuild its investment banking operations. In 2000, it merged with the Chase Manhattan Bank, and JPMorgan Chase was formed. In 2004, it acquired Bank One, Jamie Dimon ( current CEO of JPMorgan Chase) was one of the executives who came from Bank One. During the financial crisis, JPMorgan Chase also acquired Washington Mutual and Bear Sterns. Today, JPMorgan Chase is the largest Bank in the world with over US$2.6 trillion in assets.
Morgan Stanley continues to operate as an investment bank.
from reddit on relationship for JP Morgan Chase and Morgan Stanley
I have a funny story about this.
I used to work for JP Morgan and on one business development trip to Asia, we were in a meeting with some very senior figures from one of the Chinese mainland oil companies. Towards the end of the meeting, the president of the Chinese company asked this very question. My boss gave the following answer: "The difference between JP Morgan and Morgan Stanley is like the difference between China and Taiwan."
The Chinese delegation was silent for a moment and then their president said, "Oh. So Morgan Stanley is a PROVINCE of JP Morgan!"
citadel owns a Market maker and a hedge fund. separated by a wall. they CLAIM that the MM doesn't take any of the hedge fund data and front run and manipulate actions of their hedge fund.
yep yep. we've got lil ol ballas being a front man for GPL CEO of a thousand pos penny stocks.
then we have the lannisters
then we have the big wall street banks hedge funds and market makers.
in order of least in%estuous to most.
when Schwab takes a slip, it affects interactive and TD ameriturd
when Jp Morgan takes a slip, well it'll make the recent silicon valley FTX signature bank collapses look like nothing. I'm praying Vanguard and Bank of America survive it.
it's coming. best place for GPL to be right now is cash flow positive with a penny stock at nobid filled with fake shorts needed for the bad guys to cover imo....OR a citadel owned pump "prove positive collateral" device they might need on some "mj catalyst" to pump to 0028....or higher.
JP morgan.
128 BILLION in "securities sold yet not rebought
one of the most fined SEC agencies...."just a cost of doing business"
60 million trades listed as sells instead of buys oops sorry fat fingers my bad
and half of the executives visited a certain island allegedly supposedly.
makes ballas and GPL appear as saints.
as for voting with our feet. yep all retailers ability to modify this 'pos penny stock' based on fundamentals and the old rules of the SEC and the OTC yeah...we'd be screwed! retailers shoulda sold on the way down from 21 in january 2021.
but my theory has nothing to do with fundamentals...or retailers.
here's the thing. new rules.
1. retailers don't move markets. even pennies. MMs banks hedge funds and large institutions move stocks and markets.
2. if penny stocks are the wild wild west, the SEC is crime ridden mega city one, or present day chicago, you pick.
3. retailers have checked out of UBQU. fine by me. see rule 1. when UBQU moves up, it won't be humans buying it initially. retailers might FOMO in once we take off, which will either be kenny's plan or kenny's inability to control. either way, THEN the early rule of penny traders pre 2021 kicks in. you buy at trip 1 (in my case, 00005) bottom and sell on the pumps. sell at trip 2 make 2x on your play and ride a little up the pump.
Ballas is irrelevant to me. they are all criminals, just new intelligence proves the SEC doesn't care about retailers and everybody from the brokers to the regulators are on the biggest criminals side.
Ballas is an employee of GPL. the question to me is why is GPL still in? could it be because UBQU is their last dilution play? or could it be because all that robot buying indicates even GPL understands UBQU is a geyser waiting to happen?
If I was in a penny stock being manipulated down for NO reason except they have to stop retailers from buying and holding...oh wait I am in a few morethan UBQU. like one is the largest gold and silver mining company int he united states....yet they've been shorting gold and silver since 2016....and it had a real product and real status sheets and hey it's filing to stay pink. (unsure about it being incomplete, the OTC sure accepted it)
well I'd stay in it at this point. as I've said since 2021, UBQU to me is not a fundamentals play, or a "trust me bro" corporate communications play. it's a squeeze and momentum play.
of course If we run, ya GPL will sell. (my guess the folks who hate ballas on this forum will blame ballas, sure blame the janitor of lesser evil corp its ok now) but GPL WILL dilute.
so since I KNOW this, when it runs, I too shall sell take my profits, and as always sit back and evaluate how much GPL diluted and perhaps how much more pus in the wound of UBQU's share structure the bad guys have yet to clear out. if It appears there is yet more pumps int he future. I'll wait for nobid patiently again wiht my profits and bus some trip 1s and sub 1s
sylv, it was 2019, nobid lockdown similar to now. I did a 50K buy right at market open a couple of times.
I caught some 00006s back then (yep) and I caught 50000 for 000001 for 50 cents.
I had SCHWAB back then, which I believe is one of the three brokers (interactive and td ameriturd) which are neck deep in shenanigans with UBQU and ....citadel
so I think i was not SUPPOSED to capture those 50K and I'm pretty sure my new broker will never let me accidentally capture any 000001s but there ya go. further reinforces my personal thesis that there are so many shenanigans on UBQu that its a play to be in regardless of the horrible fundamentals and that there is no present enticement for retailers to buy the stock.
as for F to C ....yeah....a lot of meme stocks I think are going to go from F to C real soon.
this morning's action 700,000 bought at trip 1 PRE MARKET (unusual) some tiny 10% poot to 000001 and before I could refresh 500000 bought again.
will this be another massive 500,000 buy-fest every 20 seconds like a computer would buy? guess we wait and see. I'm pretty confident the cooked books of JP morgan and the bank "good earnings" won't pump the markets for long....
if UBQU is connected to the top
this will be relevant.