Facts Not Lies

UBIQ is clearly in serious trouble. Filing a falsified 10K is a serious offense as it constitutes both forgery/fraud and a Sarbox violation. It in addition, it again displays the complete disregard this management team has for its "hard cash" investors.

This is a company that has left a long trail of promotional press releases and promises, that all seem to correspond to when they are looking to raise cash, of which not a single one has happened.

Once designated with the letter "E" the company has 30 days to bring their filings into compliance. With a new outside auditor this may be a challenge and the clock is ticking. The auditor will be careful, even though the one they chose deals primarily with busted Pink Sheet stocks, as they can be exposed to liability and loosing their certification.

The most likely outcome is they can't file in time, they need both an amended 10K and the overdue 10Q, in which case the stock will be moved to the grey market.

If these events transpire it is probably doom as it will become impossible to source more cash investments and they burn in excess of $2 million per quarter, and the company will basically go dark.

One big issue the accountants have to be examining is the impairment charge against the intangible assets and if the 50% write down they booked is sufficient. As they have zero revenue off of their IP despite all their promises they may need a further impairment charge. We'll see.

Big Deal, Down 96%

No filed financials

Under the timeline for delisting, following the "E" designation

Falsified auditor report = criminal fraud & Sarbox violation

So a dead cat bounce in an illiquid Pinkie

Worse than you describe...

If you review UBIQ's SEC filings you will see that they spent a huge amount of money of as follows:

- $73,000 on meals & entertainment
- $181,000 on marketing - what marketing?
- $294,000 on travel - for what and to where
- $74,000 in charitable contributions - for a non-revenue company

and,

- $963,000 loan to a related company, which appears to be Sponsor ME and they are the officers of and they are acquiring to make this disappear. I guarantee you that that money circled right back into their pockets

So, for a company for years that has promised revenues and great things they have spent a lot of cash on themselves with nothing to show investors other than dilution.

It always seems they have a "big" announcement just as they are raising more money. This isn't a company it is a personal piggybank for the Carmichael family.

And, now being out of compliance with SEC regs faces the real prospect of sanctions or a trading suspension or movement into the gray market.

Lastly, I will bet that the dispute with their prior auditors is that their intellectual property, i.e., their patents have no value. They already marked them down by 50%. Let's see what their new auditors say.

Make new stuff up

I'm fully confident these scam artists will make up a whole new set of stories so they can sell more stock to unsuspecting investors.

Seeing as they have not produced a single thing they promised they clearly have no morals and it has made them a lot of money.

Make new stuff up

I'm fully confident these scam artists will make up a whole new set of stories so they can sell more stock to unsuspecting investors.

Seeing as they have not produced a single thing they promised they clearly have no morals and it has made them a lot of money.

Why not start by filing a valid 10-K?

This company is hopeless. All promotion noting real.

Welcome to the Pink Sheets

Well, that didn't take long did it. SEC suspension can't be far behind.

OTCMarkets Quote

Sarbannes Oxley violation too.

This time they really crossed the line. It is one thing to run a pump and dump operation and use the company as a piggy bank, violating securities laws, forgery, fraud are in a different league. They must be getting really desperate.

Because UBIQ is a fraud

That's why the letter is there. This company is the personal piggybank of the CEO and his family and has left investors with nothing to show for it.

Anyone who owns stock and reads the 10K and doesn't sell their stock ASAP has no one to blame when this goes to single pennies. It is a worthless company, which is easy to see.

And a company that UBIQ lent money to, unsecured.

Nice way to quietly extinguish debt.

Total losers who only bilk investors for cash.

UBIQ is a joke...

Actually its a fraud. Now they can't meet SEC filing deadlines. They should go bilk more money out of investors so they can afford to pay promoters to try and pump the stock.

Still waiting for the product launches they promised would already have occurred.

So it you like this stock at $10/share, you really have to love it at a 97% discount.

Beware...

Return of the paid promoters.

insert-text-here

Total scam.

If you review their press releases from the beginning, including before the reverse merger, you will see this is a classic pump and dump.

And, the bigger indictment is in the SEC filings.

Too funny...

People calling this a great stock when it is down over 90% in the last year.

Still no revenues, lots of dilution, lots of promises from management, failure to deliver every single one of them.

They had cash, no more...

On their last published balance sheet of 9/30/14, they showed a cash balance. Yet, the burn about $475,000 per month. They raised $200,000 through the issuance of a note. So they should have run out of cash circa mid December.

Also, observe that they have lent about $1 million to a related party, unsecured, that is actually controlled/owned by the CFO & CEO. Irresponsible and a total conflict of interest.

Agree this is a pump and dump and the world is catching up with them.

Easy to lose money in UBIQ

With a stock that is down over 90% from its high it is hard to see how one makes money.

Maybe the only way is by buying shares in the private placements at very steep discounts then waiting one year to sell them. Very risky way to go as this company has delivered on any of its promises.

The SEC does not audit firms

They audit investment advisors and broker dealers. UBIQ is neither.

Provide some proof if it happened.

The SEC does not audit firms

They audit investment advisors and broker dealers. UBIQ is neither.

Provide some proof if it happened.

Get your facts right...

The SEC does not perform Sarbannes-Oxley audits. There is not such a thing. This is the job of the outside auditors.

Beware of Paid Promoters

There are at least five companies being paid to promote UBIQ. This has all the hallmarks of a "pump and dump" scheme. Volumes are way up, there is no news and much of what is said is total hype. All this for a company that has no revenues and has lost a boatload of money.

Here is just one example...

the disclaimer from Penny Picks who is one of the paid promoters. It clearly says don't believe a word of the hype we are saying, because we don't.

Stellar Media’s business model is to receive financial compensation to promote public companies. We have been compensated Twenty thousand dollars cash via bank wire by a third party, Microcap Innovations, LLC, to conduct investor relations advertising and marketing for UBIQ. This compensation is a major conflict of interest in our ability to be unbiased regarding . Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties.

Prove It!!

The SEC does not audit companies. If you are going to make this claim provide proof, otherwise it is extremely misleading.

Completely False About SEC

The SEC doesn't not audit companies.

Exactly nothing

UBIQ has no technology. All they are are promotional liar

Paid Promotions = Lies

Desperate companies, which describes UBIQ, resort to paid promotions to hype their stocks; usually to provide liquidity for a seller to dump stock.

Here is the disclaimer from Penny Picks who is one of the paid promoters. It clearly says don't believe a word of the hype we are saying, because we don't.

Stellar Media’s business model is to receive financial compensation to promote public companies. We have been compensated Twenty thousand dollars cash via bank wire by a third party, Microcap Innovations, LLC, to conduct investor relations advertising and marketing for UBIQ. This compensation is a major conflict of interest in our ability to be unbiased regarding . Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties.

Sell While You Can

With the volume back up for a few days due to the paid promotion

And, with not every investor yet realizing the Registration Rights Agreement is terminated so they can sell

And, with small wash trades occurring to keep the share price up, just look at the time and sale report

This is as good a chance as one will get to sell this stock.

You Can Trade...

I am not a lawyer, and you should double check, but according to the 8-K they filed the Registration Rights Agreement is terminated so as long as you have owned shares purchased in a private placement under Reg D over one year you should be able to trade them.

UBIQ.. the blew it up

Down 96% from the hi.

Yeah, they really pulled a minimum $40 million offering over a new found concern for dilution. As opposed to every other dilutive offering they have done, including at $0.305/share when the stock was trading around $1/share.

This puppy is near dead

The 8-K released after today's close that UBIQ is not proceeding with a firm commitment underwriting, which will effectively free up stock to trade in much greater volumes, should put an end to this sad saga.

If so, very dilutive

A) Ubiquity has got be out of cash given prior balance sheet levels and burn rate

B) Due to the convertible note issued in November any issuance now is very dilutive

C) Would explain recent trading, wherein someone is buying small lots to keep the price up while it appears a serious position is being liquidated

D) Based on historic issuances, this would be done at pennies

If true shows a blatant disregard for existing investors and is not the action of a company on track to do a firm commitment, $40 million underwriting.

Down 30% YTD

Yup, this is a stock that is headed to a full listing, will have a firm commitment underwriting and has better technology than Facebook, Apple, and Google.

Stock is worthless.

Typical Pinkie Trader

UBIQ is back to trading as a typical Pink Sheet stock with small trades to maintain a price, notably just before the market close. Not what real company stocks do.

Here is a table of the last two days trades. Look at the late in the day volumes.

[img]Time and Sales for Ubiquity Inc (UBIQ) Jan 13, 2015
Symbol:
Time Price Volume Market
14:30:45 0.65 500 OTCBB
14:18:22 0.65 115 OTCBB
14:17:13 0.62 2000 OTCBB
14:01:10 0.65 125 OTCBB
13:59:10 0.62 300 OTCBB
12:06:47 0.67 310 OTCBB
10:25:00 0.67 500 OTCBB
10:04:38 0.665 270 OTCBB
09:41:53 0.66 2000 OTCBB
09:41:48 0.66 500 OTCBB
09:41:48 0.64 190 OTCBB
09:33:01 0.65 500 OTCBB
09:30:03 0.60 500 OTCBB
01/12 0.65 125 OTCBB
01/12 0.63 2000 OTCBB
01/12 0.63 1200 OTCBB
01/12 0.63 110 OTCBB
01/12 0.601 12800 OTCBB
01/12 0.63 1000 OTCBB
01/12 0.63 110 OTCBB
01/12 0.60 1000 OTCBB
01/12 0.61 1000 OTCBB
01/12 0.63 1000 OTCBB
01/12 0.63 1000 OTCBB
01/12 0.63 1000 OTCBB
01/12 0.65 200 OTCBB
01/12 0.65 105 OTCBB
01/12 0.64 100 OTCBB
01/12 0.68 125 OTCBB
01/12 0.65 555 OTCBB
[/img]

Paid promotion over?

Volume way down from the last few weeks and more in line with history and a Pinkie. I wonder if the paid promotion is over which likely implies more downside in this stock.

Down 91%

I guess all the promises of great technology isn't making investors any money, is it!!!

Maybe all the expensive dilution...

Maybe the failure to produce revenues despite years of promising...

Maybe, just maybe, UBIQ has nothing.

Plenty of proof

As to paying stock promoters, their are many and they have to disclose it. Here is a link to one that has been paid $79,500 so far this month...

Penny Stock Newsletters Disclosure

As to CC getting paid... read the SEC filings under the compensation notes and the cash flow statement. Clear as day. That cash is on top of all the stock he has awarded himself.

And, why has this company lent money to a related party (over $700,000), unsecured, that is effectively controlled by UBIQ's CEO & CFO? And, that related company doesn't really seem to exist anymore.

And, why did UBIQ sell stock for 30.5 cents/share? Very expensive and highly dilutive. Its in the 10-Q.

And, why does this company keep issuing highly dilutive shares at deep discounts and agree to a very expensive, very restrictive note if it is about to raise $40 MM in a firm commitment underwriting?

And, why weren't products launched in all their previous announcements over the last three years?

And, why after all the promotional press releases does this company not generate any revenue?

And, if this time, unlike all previous times, the company is going to actually do something why is the stock down 90% YTD?

Answers to all, they have nothing and this stock is worthless.

Plenty of proof, people just can't handle the truth.

All the proof...

That this company only raises money to pay it to its executives and has accomplished nothing more than massive shareholder dilution is easily found in SEC filings.

If this company is on the verge of anything, much less a fully underwritten $40 MM stock sale, why are they paying penny stock promoters real cash to push this name. They shouldn't need to as this is usually a sign of insiders seeking liquidity so they can sell.

And no I am not paid to post negative things. I look at company's, their business, their press releases and their SEC filings. In this case they are a total indictment of management as a bunch of hype artists that accomplish nothing.

Sprocket vs My Index Finger

So having watched the previously aborted launches of the fabled Sprocket I still wonder what it does???

I have watched UBIQ's little video and as best I can tell it allows my to switch between apps on my iPad. Well if ever that was a solution in search of a problem I don't have I wonder what is.

So, as with the UBIQ announcements about how they had technology products that would change thew world and make the company highly valuable, none of which have ever launched despite repeated promises, why would anyone pay a penny for Sprocket???

This company is valueless and exists to raise money to pay its executives off. Clearly visible in their SEC filings. That's all there is folks.

No I didn't, go look at the cash flow statement

Straight from the 10-Q...

This is in all their filings...

NOTE 7 - RELATED PARTY TRANSACTIONS

Compensation Related

The Company paid or accrued bonuses related to equity raises of $443,018 and $375,126 to two officers during the nine months ended September 30, 2014 and 2013, respectively. These officers receive percentages of 5% and 1.5% for all monies obtained through capital raises.

UBIQ is a total failure...

As can be seen in its public filings with the SEC...

Why not address...

The failure to produce revenue

The dilution of existing shareholders

The failure to fulfill promises made in press releases

The cash paid to the CEO for selling stock

The unsecured loan to a related company

The nearly 90% decline in the stock YTD

which of the above is slander, a lie, etc.

UBIQ is a total failure...

As can be seen in its public filings with the SEC...

Why not address...

The failure to produce revenue

The dilution of existing shareholders

The failure to fulfill promises made in press releases

The cash paid to the CEO for selling stock

The unsecured loan to a related company

The nearly 90% decline in the stock YTD

which of the above is slander, a lie, etc.