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Ballas needs to explain the wholly owned subsiderary to joint venture / partner change.
This is a publicaly traded stock, so how does that happen without us knowing?
Little trip down memory lane (over the past 6 years):
2023:
Ubiquitech Reports Convertible Debt Forgiveness in Excess of $1,000,000Press Release | 06/22/2023
2022:
Cannazall(TM) Announces Approval from Hearst Media to Run Short-Form Streaming Television Infomercials for its Popular Line of Hemp Derived CBD ProductsPress Release | 09/12/2022
CannazALL(TM) Offers Corporate Update on its Plans to Capture Greater Sales in Multi-Billion Dollar Hemp CBD IndustryPress Release | 08/25/2022
Cannazall(TM) Announces Strategic Partnership with BoatCrazy.com And Their Millions of Unique Visitors Per MonthPress Release | 08/15/2022
Cannazall(TM) Purchases Two Additional Metaverse Retail Properties for Its Popular Line of Hemp Derived CBD ProductsPress Release | 08/10/2022
CannazALL(TM) Joins Rakuten the World's Largest Affiliate Marketing PlatformPress Release | 08/09/2022
CannazALL(TM) Purchases its first Metaverse Retail Property in Colorado Springs for its Popular Line of CBD ProductsPress Release | 07/21/2022
CannazALL(TM) Adds Sezzle(TM) Payment Option Offering Customers Interest Free PaymentsPress Release | 07/15/2022
CannazALL(TM) Exploring Metaverse Options for Its Popular Line of Hemp Derived CBD ProductsPress Release | 07/14/2022
CannazALL Announces New Affiliate Marketing Program to Boost Sales of Its Popular Line of Hemp Derived CBD ProductsPress Release | 07/06/2022
Cannazall.com Announces New "Ships In 24 Hours or it's Free" Holiday Weekend Sale!Press Release | 06/30/2022
Cannazall.com Announces New Strategic Partnership with ADDShoppersPress Release | 06/23/2022
CannazALL(TM) Offers all Shareholders and Existing Customers a Free One Year Choice Membership and 40% Off All Products SitewidePress Release | 06/14/2022
Ubiquitech Software Corporation Gives Mid-Year Review of its Corporate Update From 11.15.2021 for Cannazall.comPress Release | 06/13/2022
Ubiquitech Software Corporation Announces New Live Website and CBD Product Line for Cannazall(TM)Press Release | 06/09/2022
Ubiquitech Software Corporation Announces New State-Of-The-Art Website and Over 40 New CBD Products for Cannazall.comPress Release | 01/06/2022
2021:
CannazALL Extends Successful Holiday Sale of its Popular CBD Products Through January 1st 2022Press Release | 12/03/2021
Ubiquitech Software Corporation Announces a 100% Increase in Registered Affiliates on its CannazALL CBD WebsitePress Release | 12/01/2021
Ubiquitech Software Corp. Reaches Debt Settlement AgreementPress Release | 11/23/2021
CannazALL(TM) Announces Special Black Friday Sale on Two of Its Most Popular Hemp Derived CBD ProductsPress Release | 11/19/2021
Ubiquitech Software Corporation Announces New Investor Relations RepresentativePress Release | 11/17/2021
Ubiquitech Software Corp. Provides a Corporate UpdatePress Release | 11/15/2021
2019::
Ubiquitech Reports 2018 Gross Annual Revenues of $3,760,099Press Release | 03/04/2019
HempLife Today Announces Over 50k In Revenues From Its Popular New Wholesale/Ambassador Program in January 2019, Up Over 300% Since November 15th, 2018Press Release | 02/14/2019
HempLife Today Gives Shareholder Update on Its New Third Party Verification of All CannazALL CBD ProductsPress Release | 02/07/2019
HempLife Today Gives Shareholder Update on Search Engine Optimization Progress and the 500% Increase in Its Home Page Trust ScorePress Release | 01/31/2019
HempLife Today Producing Two Additional Sales Videos Featuring CEO James Ballas to Help Increase Awareness of CannazALL CBD Products and Ambassador ProgramPress Release | 01/28/2019
HempLife Today to Activate Its Online Ambassador Sales Portal Allowing Wholesale/Ambassadors to Take Unlimited Online SalesPress Release | 01/18/2019
HempLife Today Produces Video to Highlight and Bring Awareness to The 2018 Farm Bill Legalizing Hemp In The United StatesPress Release | 01/16/2019
Ubiquitech Announces Long Term Funding Relationship for Increased Inventory, Better Pricing, and Corporate FlexibilityPress Release | 01/14/2019
Ubiquitech Software Corp Gives Shareholder Update On Name and Symbol Change To HempLife TodayPress Release | 01/11/2019
HempLife Today Is Ahead Of Its Projections For Active Paid Wholesale/Ambassadors And Will Increase Direct Mail Campaigns To Its Customer DatabasesPress Release | 01/09/2019
HempLife Today to Kick Off New Year With Complete Update and Outlook For 2019Press Release | 01/02/2019
2018:
President Signs 2018 Farm Bill Legalizing Hemp At The Federal Level, Paving The Way For HempLife Today To Rapidly Expand In All Areas In 2019Press Release | 12/21/2018
HempLife Today Announces Phase Two Of Its Wholesale/Ambassador Program Allowing Full Online Ordering For All Ambassadors’ CustomersPress Release | 12/20/2018
New Legislation Expected to Be Signed Into Law Will Help Boost Sales for Companies Like HempLife Today and the CannazALL Brand of CBD Products Derived From HempPress Release | 12/18/2018
Ubiquitech Software Corp. Engages Law Firm to Officially File for Name Change to HempLife TodayPress Release | 12/14/2018
Hemp Legalization Reported in New Farm Bill Could Help The Industry Top 20 Billion by 2020Press Release | 12/11/2018
HempLife Today to Introduce New Benevolence Program for Military Personnel and First Responders Continuing its Goal To Be The Leader in the IndustryPress Release | 12/03/2018
HempLife Today Kicks Off Holiday Season with Special 25% Off Discount Code and Expects Heavy Traffic with Code Holiday25Press Release | 11/28/2018
HempLife Today Gives Shareholder Update on Trademark Protection For The Company and Its Popular CannazALL Hemp Derived CBD Products Expecting 2019 to Be Its Breakout YearPress Release | 11/26/2018
HempLife Today Gives Shareholder Update on Positive Progress of Search Engine Optimization, Expects SEO to Dramatically Boost 2019 Sales VolumePress Release | 11/14/2018
HempLife Today to Launch New Advertising Campaigns Featuring its New Slogan for CannazALL CBD ProductsPress Release | 11/09/2018
HempLife Today Launches its New CannazALL CBD Ambassador/Wholesale Distributor Program, Has Goal of 10,000 Distributors Within Next Five YearsPress Release | 11/06/2018
Ubiquitech Reports 2018 Third Quarter Revenues of $894,419 and Net Income of $15,517Press Release | 10/15/2018
HempLife Today Adds SEO Expert To Its Staff Resulting in Increased Google Trust Score and Organic Search TrafficPress Release | 08/29/2018
HempLife Today to Expand its Popular Distributor Program For Its CannazALL Products; Projects 10,000 Active Distributors Within Five YearsPress Release | 07/24/2018
Correction of Release Dated July 18, 2018: Ubiquitech Reports 2018 Second Quarter Revenues of $948,584 and Earnings of $25,864Press Release | 07/20/2018
Correction of Release Dated July 17, 2018: Ubiquitech Reports 2018 Second Quarter Revenues of $948,584 and Earnings of $151,870.Press Release | 07/18/2018
Ubiquitech Reports 2018 Second Quarter Revenues of $948,584 and Earnings of $151,870Press Release | 07/17/2018
Ubiquitech Software Corp CEO Offers Open Letter To Shareholders On The Progress Of The CompanyPress Release | 06/28/2018
HempLife Today Experiences over 200% Increase in Social Media Traffic, Company Cites Social Media Strategies and Increase in CBD Awareness in the Media for this DevelopmentPress Release | 05/23/2018
HempLife Today to Expand into Multi-Billion Dollar Skin Care, and Sports Medicine Markets, with Nationwide Rollout of Two Additional CannazALL Hemp CBD Products Under DevelopmentPress Release | 05/15/2018
HempLife Today Enters the Nationwide Legal Full Spectrum CBD Edibles Gummies Market With a Nationwide Rollout in MayPress Release | 05/01/2018
Ubiquitech Reports 2018 First Quarter Earnings Increase of 33.3% to $151,870 from the Previous Year on Revenues of $1,025,894Press Release | 04/19/2018
Ubiquitech Reports 2017 Gross Annual Revenues Increased to $4,514,104 from $3,493,113, an Increase of 29.22% from the Previous YearPress Release | 03/01/2018
HempLife Today to Add New CBD Gummies to Its Growing CannazALL Line of Hemp Derived CBD Products, Tapping Into the Lucrative Edibles MarketPress Release | 02/08/2018
2017:
HempLife Today Announces new Social Media Video campaign with updated Facebook and YouTube ChannelPress Release | 12/08/2017
Forbes Magazine Lists HempLife Today Among the Top Five Hemp CBD Companies in Gross Annual Product Sales, Believes industry could hit one billion per year within three yearsPress Release | 10/19/2017
Ubiquitech Nine Month Revenue Up 44% From the Year Ago Period, Third Quarter 2017 Revenues Increase 25% From the Previous YearPress Release | 10/17/2017
Ubiquitech Software Corp. offers update on its CryptoBuy.com division and first look at new CryptoBuy logo and App iconPress Release | 10/05/2017
HempLife Today announces exciting new CannazALL Pets CBD is now live at HempLifeToday.com; Company launches product this weekend with special discount to first time buyersPress Release | 09/29/2017
Ubiquitech Software Corporation CEO offers update and clarification of Company performance and achievements for 2017, in open letter to shareholdersPress Release | 09/26/2017
HempLife Today Announces its new Website will be live by 5PM EDT on Friday, 8.18.2017Press Release | 08/17/2017
HempLife Today to Enter Multi-Billion Dollar Pet Industry with New CannazALL Pets CBD productsPress Release | 08/09/2017
Ubiquitech Software Corp to Enter Burgeoning and Lucrative new Cryptocurrency Industry with its new Division CryptoBuy.comPress Release | 08/02/2017
HempLife Today acquires additional space in order to better fulfill and expand its shipping of Free-Trial offerPress Release | 07/26/2017
HempLife Today Rewards Its Customer Base with Special BOGO Offer on Its Popular CannazALL CBD GelCaps, and Extends Offer to the General PublicPress Release | 07/20/2017
Ubiquitech Second Quarter 2017 Revenues Increase 56% From the Previous Year, Net Income Increases In Excess of 75%Press Release | 07/17/2017
HempLife Today gives shareholders exclusive first look at new Website currently in developmentPress Release | 07/11/2017
He says the"Company" is working on this. Would be nice to know who makes up the "Company". As far as we know, the team consists of James.
No sir, it is "rinse and repeat".
That is spot on Scrach, what do they all of a sudden know now that they didn't know before? Maybe its the creation of short form infomercials via Hearst media. Maybe its signing up affiliates like Boatcrazy.
If it were real, why not tell us what it is right now, instead of telling us its coming?
BTW, who is he referring to when he says "management"? As far as we know, he is the only management left there,along with one or two people to throw stuff in a package and drop it off at the PO.
We stated before that it is extremely hard to believe sales of over a million a quarter have dropped to around 10 percent of that (even though several marketing initatives were supposedly deployed over the past 2 years.
UNBELIEVEABLE!!
The OS is 29B
Long Term Debt is $1,120,862, which still makes no since, as billions of shares were issued for debt conversion over the past few years, and as we saw with GPL, they converted all of the shares issued to them. Otherwise, we would have seen a reduction in OS to accompany their debt cacellation.
So, when you really think about it, GPL was able to dump all of their UBQU shares, making great returns on the money they loaned to James, but they won't be able to collect additional interest payments for the extra icing on the cake (double dip).
5 - 6 million in debt? The last financial report is 1.8m in LTD.
Blu, you say GPL wants to dump shares. Based on last
weeks PR, they agreed to surrender any shares thwmey had yet to convert (which is likely 0).
Always good to see you Jeremyan7!
It will be intrresting to see how many of the 16 billion shares issued to GPL over the years, have not been converted.
Most likely the amount will be small, as they were never listed as a 5% holder.
Hi Scratchgolf, I haven't received any ads.
Glad you are continuing to ping James regarding an update, as you probably have a better chance in getting a response.
The "best year ever" sure hasn't come to fruition yet.
Not a word from Ballas since September 12th, when they announced the Hearst Media deal.
9 months with zero communication!
Do we have any fellow board members that live in the Tampa area, that might be able to visit the Cannazall operations center?
I can't believe how well UBQU is doing so far this year. James was spot on when said 2023 would be the best year yet! The infomercials on Hearst media are fantastic, and definitely why sales and profits are skyrocketing.
All of us shareholders couldn't be happier, many of whom have ordered yachts.
Oh wait, it was all a dream.
Lets hope James breaks his silence soon.
Thanks Treasure, really appreciate how you investigate and put all of the pieces of the puzzle together in your posts.
Treasure, is it the comment regarding "adding its developing marketing and sales programs to additional companies and products in the near future", that makes you think Luke may still be involved, or was there something else?
Speaking of Smethers (UBQUs accountant and XREG CEO), I looked at the last disclosure statement for XREG. It shows 15 separate shares issuances to GPL starting in 2018, totaling over 332 million shares, where as the settlement document only shows 2 dates. I think he learned from Ballas how to report share issuances that never really happened. I
Thank you for the update Joe, really appreciate it. It will be interesting to see what James's next move is, as there is about 780k debt on the books owed to GPL, and over 10B shares issued to them over the past couple years for debt conversion.
Joe, are you planning to listen in on the GPL call this morning?
Would be nice to see who is part of the UBQU team. Preya is out, what about Frank (our CMO), what about Mike Baker?
Thanks for the reminder and follow up GkG, I need to start looking for the yacht I will be able to buy in just a few short weeks with my UBQU stock windfall :).
Allan Smethers
I would still like James or Allan to explain how the company has so much debt on the books, when Billions of shares have been issued for debt conversion.
Simple google search:
Companies that issue convertible notes benefit from reduced cash interest payments on their business loans. Additionally, when the note converts, the debt is retired.
I would still like James or Allan to explain how the company has so much debt on the books, when Billions of shares have been issued for debt conversion.
Simple google search:
Companies that issue convertible notes benefit from reduced cash interest payments on their business loans. Additionally, when the note converts, the debt is retired.
How in the world do you go from $1M per quarter to $89K??? Especially with several new products, affiliate advertising programs, and other enhanced marketing initiatives.
Sure doesn't look like 2023 is going to be "the best yar yet".
Maybe we should fill the ticker name change form out for him :)
Kid, are you saying you did hear from him today?
Kid, have you tried reaching out to Ballas? I've received no responses from him since the end of December.
No posts yesterday, so I will get the conversation started today.
Why do you think the share dumping has stopped?
Why has James been so quiet, with no updates since Oct?
Preya advised she is out for now, which most likely means for good.
Would be nice to know how much money was spent on:
Rakuten (affiliate program)
Boatcrazy.com
The Metaverse
Hearst Media
Seems like the Hearst engagement had to be real, as a company that size wouldn't tolerate a press release stating the engagement, unless it were true.
Where's our CMO Frank Casella with an update on all of these marketing initiatives?
So you don't think A2G has converted any of the 9 billion shares that they were issued for "debt conversion"?
Seems like double dipping, They loan $793k, UBQU gives them $900k (minimum) worth of stock for the loan, yet the full debt remains on the books.
If the loan was not being reduced by through the issuance of the shares, why issue them at all.
I am not trying to be difficult, just trying to understand.
Maybe the case, but then A2G should be listed as a 5% holder.
I know I keep asking the same question over and over, but I still don't get it.
A2G.llc (Benz) has loaned UBQU $793,500 according to the financials.
A2G.llc has received over 9 Billion shares to date for "debt conversion".
That is $900,000 @ a share price of $.0001, which we know was higher over the course of the issuance.
So, how is it that these shares ($900k) worth were given to A2G for "debt conversion", yet the owed amount still remains on the books with little or no reduction???
The majority of the remaining debt is owed to GPL, which is questionable as well.
Big increase in consulting fees....would be interesting to know what that is for. Where is the expense for Hearst Media listed?
I looked at the last couple annual reports, and the same "going concern" is listed on those as well (bad spelling there too). So, looks like a copy / paste.
The fins are through November of 2022, so I bet the loans continued in Dec, Jan, and Feb.
Where's the huge sales increase?
Where's the infomercials?
Why was IR laid off?
Why did the twitter posts stop?
Why haven't the owed amounts gone down with the 20 billion plus shares handed out?
Anyone hear anything from James via email? Preya appears to be gone.