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Has anyone received a response from Preya (or James) lately for any inquiries?
Very interesting Treasurhunter. This sure seems like something that Investor Relations should be able to speak to, but I doubt she would.
I am seeing the same thing Bost, if Preya responds, it is usually a note stating that she has passed my Q's on to Ballas. The questions being asked are ones that an Investors Relations person should be able to respond to (IMO).
Joe, I found this in the Q2 disclosure document:
03/12/22 Cancelled
-1,292,065,063 Common Stock
A2G,LLC Alex Benz
Debt Conversion Cancelled
But, A2G was not the largest debt holder, so who knows if this is the agreement they spoke of.
I asked many times about the November debt agreement, but never received an answer either. This should be something that Preya should readily answer.
Wasn't the long reply that Ballas provided one of our board members explaining we would see great improvements at the 6 and 12 month mark, "stickied" on the board? I don't see it anymore.
We must be getting close to the 6 months.
Can someone repost it as a refresher to the group, and as a reminder to our pal (James)? :)
Sure would be nice for Ballas to provide an update on the company regarding it's subsideraries (which are in / out) and who is part of the management team.
I never understood why they continually went to outside companies for specialty work the Blue Crush had in their wheelhouse.
@Preya, let's see a tweet explaining this.
That's a good one Joe! They are all connected to each other :).
Do you think Smethers will have a reference to this in the next quarterly disclosure statement?
Apparently Tuesday's news was delivered on Monday, so nothing new today. Once again we saw the same pattern of share selling at .000098 ( which none of us can do), with the PPS finally settling back at .0002.
Ballas / Preya, why can't you address this in one of your PRs?
Once again, it seems so easy for Ballas to address the share issuance and debt questions, but he continues to ignore. I'll ask again, how does the handing out of share not equate to debt reduction? How can I become a lender to UBQU? Seems like it would be a great way to make money.
Here's another question: How did we go from $0.00 for accrued interest in both 2017 and 2018 (according to the annual report https://www.otcmarkets.com/otcapi/company/financial-report/212964/content), to 1,399,564 in 2019, $1,561,569 in 2020, and $502,657 in 2021? How could there not be interest accrued prior to 2019?
Sure would be nice to see an explanation for this creative accounting (Smehters is the man that knows how to get things done, look what he did to XREG).
We can only hope for a deviation from the normal pattern.
How about this scenario:
Ballas is selling shares of GDET & IMTL, the funds from which he is buying UBQU shares as his lenders convert the shares his issued to them? Free money for the lenders, as the loan amount never seem to decrease, and cheap shares for Ballas ($.000098).
He can continue to accumulate, eventually reduce the OS, and then run the PPS up???
As for GDET, it would fade away. He hasn't said one word about it since his December video.
Who is responsible for a 5% shareholder? Is it our wonderous accounting company??
There has to be at least a few folks with that number of shares.
James could easily address the concerns we have, by explaining why he continues to sell shares if sales are increasing, why the share conversions are not resulting in debt reduction, and what he is doing with the money.
Instead, he chooses to remain silent on these concerns.
It would also be nice to understand the structure of UBQU now...who's in charge of what (where's Mike Baker, where's Tim Zorn)??....subsidiary structure??...why Blue Crush Marketing wasn't used instead Media Plex (if BC is still owned)??
Makes sense, that if GPL never actually received the shares, the debt owed to them wouldn't have been reduced/removed. Maybe its the same for the other lenders as well, the debt owed to them hasn't gone down, because they never received the debt conversion shares listed in the disclosures???
Well, the debt surely hasn't gone down, which it should have (with shares being issued for debt conversion).
Still no answer on why that is.
What ever became of the great things to come?
$GDET A Message From CEO James Ballas pic.twitter.com/73jbRgizqR
— GD Entertainment & Technology Inc. (@GdTechnology) December 20, 2021
Bost, this was the message:
Corporate $UBQU@CorporateUbqu Aug 18
Metaverse, affiliates, strategic partnerships, referrals, social media, influencers, advertising platforms, and more, are all in the works to grow the Cannazallâ„¢ CBD brand. Update coming next week. Stay tuned
We need an update that will move the needle.
Remember, Luke started his own CBD company (Trifecta) right after he left UBQU. He claimed that he wanted to run an honest company. Well, apparently that didn't last long.
These guys spin up one new company after another.
You are probably right, that Prospect Portals will be the next UBQU partnership.
UBQU revenue history from OTC site:
11/30/12.....$625 (company selling mobile phone solutions)
11/30/13.....$119,862 (James joined as CEO, Blue Crush Marketing acquired)
11/30/14.....$929,429
11/30/15.....$3,049,465 (focus turned to HLT)
11/30/16.....$3,493,113
11/30/17.....$4,514,104
11/30/18.....$3,760,099
11/30/19.....$294,618
11/30/20.....$136,176
11/30/21.....$238,883
Q1 2022.....$58,531
Q2 2022.....$65,679
How was UBQU able to generate millions of dollars in sales in 15, 16, 17, & 18, without having all the distribution, SEO, affiliate programs, and other enhancements in place back then, and now we can't even do a $100k a quarter???
Good find Kid, and good call Joe B.
Looks like the full UBQU team is now at IMTL (Ballas, Smethers, Preya, Cheung).
They look a bit heavy on the debt side, with minimal revenue. 6.6B AS, with over 4B OS.
https://www.otcmarkets.com/otcapi/company/financial-report/343062/content
James had put out a GDET video at the end of 2021 very similar to the one he did for UBQU, where he talked about all of the exciting things that were coming in 2022. Guess he forgot about it.
Would have been nice to see information on dilution.
We'll see if Joe B finds any internal connections with James :).
Here's the news (relationship with another Tampa company)....https://finance.yahoo.com/news/cannazall-tm-announces-strategic-partnership-123000078.html
Joe, I like your speculation, you've been pretty spot on with your other posts. We shall see.
Unfortunately, that sure appears to be the case. He needs to come out with a PR explaining in detail, what they are doing with the OS increases.
Bluchip, Once again, based on the shares UBQU has issued for DEBT CONVERSION, how can there be any monies owed to the lenders.
Sure would be easy for Ballas to provide details on the debt and share issuance for debt conversion. It just doesn't make sense that remaining loans amounts are what they are based on the number of shares issued over the years.
Also, why is it that interest accrued just started appearing in the recently released disclosures? New concept??
Definitely not the case Treasure :). Probaby was a better Q for Preya, James, or even Mr. Smethers, but we do know they monitor this board.
They need to be more transparent regarding the Company's financials when it comes to debt, as what they post does not make sense based on the number of shares that have been handed out for debt conversion
(Instead of debt, we should have a surplus).
Another debt question:
-Lender: R Holdings 9, Inc.
-Loan Date: 08/30/11
-Principle Amount: $251,962
-Amount Still Owed: $242,962
-INTEREST ACCRUED: $270,054
Shares issued for debt conversion:
-1/11/2017: 12,000,000
-5/20/2017: 20,000,000
-1/25/2018: 30,000,000
-1/24/2019: 90,000.000
--Total: 152,000,000 Shares issued, some when the stock price was in the pennies).
Question: How could only $9k of this loan be paid off, with all of the shares that were issued for debt conversion. Also, how could the accrued interest amount be greater than the original loan?
Latest Tweet: "The Company is currently exploring more land acquisition options in several different Metaverse virtual worlds and will keep shareholders apprised as to its Metaverse program through further news and Tweets. $UBQU #metaverse"
As mentioned prior, it would be nice for the Company to disclose what is being spent to make these acquisitions.
Is this a brick and mortar or a virtual store? If B&M, perhaps Preya could posts a few pics???
Corporate $UBQU
The first retail site for CannazALLâ„¢ CBD products will be located at The Springs of Allison Valley, Colorado Springs, CO, and the Company has plans to soon purchase more locations. $UBQU #cbd #cbdhealth #cbdoil #cbdgummy #cbdnews
Great point GK. Seriously why is it taking so long to complete the name and symbol change? Is there anything in process working towards this goal? Previous attempts were accompanied by annoucements stating that "a law firm was hired to handle the process", or "finra requirements were underway".
Good one Mike :).
I did see that 1,292,065,063 shares issued to A2G were cancelled on 3/12/22. Maybe this was the the lender that a debt agreement was reached with??? Thought GPL was their largest debt holder.
Current outstanding Debt and Share Issuance recap:
GPL: $780k debt....16,085,091,195 shares issued.
A2G: $500k debt....3,146,486,400 shares issued.
R9 Holdings: $242,962 debt (original amt. $251,962)....120,000,000 shares issued.
Common Sense: $124,958 (original amt. $765,000)....2,168,500,000 Shares issued.
I know this question has been asked, but if the share issuance was for debt conversion, how in the world could there possibly be anything owed to any of these lenders? My college accounting days are well in the past...maybe I just can't remember how it works :).
Great point Scratch! We know they are reading these posts, as it seems many of their Twitter posts are tied to things mentioned on this board.
Whether or not what we say will make a difference in the long haul is yet to be seen, but thus far, it hasn't been in our favor.
Should the Quarterly Report (from 4/18) reflect the case you referenced Joe?
Here is the section from the report, which states there are no pending litigations:
A. Please identify whether any of the persons or entities listed above have, in the past 10 years, been the subject of:
B. Describe briefly any material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which the issuer or any of its subsidiaries is a party or of which any of their property is the subject.
Include the name of the court or agency in which the proceedings are pending, the date instituted, the principal parties thereto, a description of the factual basis alleged to underlie the proceeding and the relief sought. Include similar
information as to any such proceedings known to be contemplated by governmental authorities.
None