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I also do hope JB has tricks. but here's the good news if my thesis is correct.
either UBQU insiders (aka JB) are working on fundamentals, PRs, acquisitions, theings tthat would be very bad for shorts on UBQU
or they don't
so let's look at either side of the binary.
1- if they DO, well what have THEY learned, since preya and the marketing guy have done a "stock promotion" what has happened in 2022.
first the OTCM put out a big red "stock promotion" which was meant as aWARNING which says what? oh yeah the OTCM wasn't working much in interest to get the PPS to rise.
MMs drove the stock to nobid regardless, expect oNE time when a PR for rakuten came wrtiten by NOT ballas, which means since 99.99% of the financial media is owned or influenced by kenny, that THIS was a flag to try to get the PPS to rise.
but no retailers bought us up to trip 2. that's a mix of 2022 being THE bear market, the sentiment sucks for UBQU (why would any retailer slap the trip 2 or trip 3 when the first thing they do is go to ihub and see 45 haters with "DD" that "JB is a crook" ...again I smh at folks who claim to own this stock and write hate about it. you'd actually hope for a pump to get out! but yet they do. oh well
so what has JB learned in 2022. when they put out PR, the stock doesn't rise, the haters hate even MORE, so yeah if JB has a triple digit IQ and at least his team does...they HOLD it now. they wait for the REALITY.
2- if they Don't have any news. perhaps this is it. yeah sounds dire. but at this point, perhaps JB is in negotiations with GPL for the dissolutioon of UBQU for failure to payment of debt. but if my thesis is correct, hehehe, nope kenny can't. why? because eventually with that final action, those 8B phantom shares might have to COVER. kenny loses another hide the swaps ticker sure they move it to expert or even worse, for it to go private which would CLOSE The CUSIP and force more covering plus, that's a taxable event for the shorts placed on UBQU since inception. and my haters probably still claim oh no there are no shorts on UBQU....ok fine. but do you think there are 29 BILLION retailers just silently sitting there going doot da doot da doo oh crap, bummer dude. nope, I think easily 24B of those shares are MMs and brokerages and citadel. buh bye 2.4 million dollars, some of that I'm sure was bought higher than trip 1. in the end I think UBQU is TOO VALUABLE of a garbage nobid POS penny stock to close the CUSIP entirely. so even in expert worries, I've placed some GTC trip 1 sales because once there, we won't get trades, and data at all, and we won't lift up until the DAY kenny needs to ride this sucker up for whatever reason, covering, clearing swaps or more so, poison pill.
poison pill? yeah they lied in press, but movie stonk tried to buy cineworld regal. so what happened? well cineworld in bankruptcy was at 2 cents....it ran to 12 cents for NO REASON (I know, I was playing a little of it and I SOLD) why? because ON THE DAY it might close kenny ran it UP so all of a sudden oh no adam aron you want cineworld? gonna cost you 6x. I don't have 6x nor would I pay for that. ok take a hike ...and poof, once the deal went south cineworld right back to 2 cents
so UBQU might be trying to get ...anybody to buy them out...even at this point for ...2-4 million dollars. if it gets too CLOSE? oh kenny wouldn't like that, as I said if UBQU goes "Private" in any way the CUSIP needs to be reconciles, and all the shares paid off etc.
so how to get UBQU so valuable when I think kenny and co holds 20B+ shares of it? why a little run...say up to 0005 even.....all of a sudden UBQU's market cap is 29B x trip 5 = 11 million or so.....oops poison pill buyer backs out and right back down. but then we retailers sell in the chaos, as other normies who don't have a clue buy in the FOMO. new bagholders created, we get out...and we then decide if we wanna buy back in at trip 1 or not.
so UBQU waits if nothing, if PR in hand, wait until their financial oppressors are having a BAD day....then release.
worst case expert, and I've hedged my bets on UBQU by not betting enough to lose my s if it does and right now placing some GTC trip 1 sells because on another penny I had that went expert the broker wont even let retailers do a trip 1 sell until teh stock MOVES to trip 1 .
at expert yeah UBQU's corpse becomes cold. but one thing I've learned, kenny doesn't close out CUSIPS unless the stock is worthless to him. so even at expert UBQU has some use to its owners, the play won't be 100% over even then. but at that point yeah the only folks who will be posting here are the folks who want to mock me and my thesis. and they'll be right. I'll still be in ihub for the private messages tho because UBQU is the smallest soldier in the war. they might get UBQU, but they are losing this war.
thanks, and always best to not reply, to reply in open post. I get that.
I think most of the folks who typically wanted to shut down any voice other than "UBQU will never go pink again" passed on a year ago....but with that being said I get it.
yeah, 2022 was the year of fear. for markets, and uBQU. so far 2023 is looking a heck of a lot brighter
oh one final add. to reiterate, by doing a lot of buying here at nobid, my average is 00007. if we move up in any way, its green. likewise its so cheap here, we go to expert, well I'm still zen it wasn't my biggest or only play.
not financial advice, but if other retailers saw this UBQU nobid play the way I do, perhaps we'd have more buying down here. taking millions away from the MMs at 00005
for those folks who constantly write hate against ballas and UBQU, if you really want this stock to move up, imo you aren't doing yourselves any favors either.
thanks kiddo, indeed it does appear stuff I talk about is being appreciated by you.
indeed, going to "trades" (and of course when I do it first shows Microsoft) and you have to updatethe search.
the updates are slow at first I thought ALL was MMs since I'm no longer buying brushups (i'll return the second they file and stay pink) but now I know the "even" buys of 1M come in.
I have no clue what "seq" means but I have a good guess "sequential"
regardless yes, this happened too in 2019 and now.
the goal is to keep the PPS at 000001 as looong as possible. both as a morale reducing play, also to let those who think they have knowledge think it is a true representation of the PPS.
they'll update it typically in the mornings, then poot a little to 000001 and return to the game.
some days we get more sells than buys.....I saw 8M of 999999 sells in a day.
could be those hedge funds I talk about closing their UBQU longs. could be Citadel on the bid saying "look I backed you small hedgie, gimme that" or it just could be more uniswap hide the bigger shorts.
what does it really do? why,it stops BALLAS from converting. ballas could sell 21B at trip 1 for 2.1M enough to pay the debt and break the wheel. that's why the MMs are desperate to keep it right here. ballas' toxic debt and yes he blew it accepting it in 2017 but we all were innocent it was a bull market and now it's time to focus on how fragile the bad guys are not to flog ballas for his sins in the past, imo.
so what's the solution? reverse split. of course the second that happens oh the haters who hate my posts would howl MORE DILLLLUUUUUTION REVERSE SPLIT BAD
yeah, well we'll see how the R/S affects movie stock real soon. also if there is a bunch of shenanigans on UBQU'S share structure, a R/S would be scary for ol kenny too.
lastly, Ballas would have a chance to sell, ON A SMALLER FLOAT, and get the cash he needs to payt he interest and the debt.
that's why I think they applied for one, and were denied and heel dragged at the oTC. that's wht I would do if I hated the UBQU stock and wanted to see it go bankrupt, and I pretty much owned the agency that allows and denies OTC ceo applications...
I have no clue what you are talking about, well, actually I do, the point is to make an anti-me argument, to say I've "failed" at updating shareholders.
I'm not updating YOU, who have admitted you feel justified at being angry at ceos specifically ballas, I'm updating folks who follow my thesis.
Enough. you've already said many times you don't follow my thesis, you no longer appreciate my posts. you follow the thesis that the Ceo and insiders and fundamentals have Screwed the Bagholders of UBQU. For this thesis to work, it assumes also that the OTC, SEC, wall street, and the government itself is fair and working diligently to protect the shareholders, and the true enemy with nefarious intent is solely the insiders of UBQU...specifically Ballas.
if that is the case, I can't prove your thesis ISN'T correct to 100% certainty, and you can continue to post with that thesis, I am sure it emotionally cathartic but imo an entire waste of positive energies.
also, at this point, other that continuing to post the "ballas is the only crook and will continue to be a crook" by arguing with me and placing dispersions trying for an emotional reaction from me, well complaining about ballas plenty do without baiting me. well, I've put them on ignore mostly. Please, let this thread end. if you vehemently disagree with me, leave me to my 43 followers and fans who do PM me on occasion, and put me on ignore. also since we are at nobid, it's too late to just sell and leave, but I still marvel at the folks who loathe this stock, loathe Ballas yet don't stack the ask at 1 trying to get out. I don't think UBQU = 1.00 any more, but I do believe it will run one day. on that day, I will do waht good investors of penny garbage do, sell ...90% and let the other 10% ride. if my thesis IS correct, yeah .10 or even a dollar might be possible, but I get openly mocked for that by the same folks who shouldn't even waste time on this forum and be bagholding a nobid stock they hate.
I do appreciate your fandom earlier on in the play, but if this continues, well I've found putting all the UBQU haters on ignore to have been very good for my confidence in....well my thesis obviously expands WELL beyond UBQU. so if this continues, well I might not be available to directly respond to anymore.
well I explained why I think they aren't bothering to give an update to folks who want to do nothing but howl and call for their heads.
as always, my posts are for folks who appreciate them, and I know at this point most folks who post here on the floor against the CEO and just want to be frustrated and angry about any hopeful forward looking posts, don't. Kid still Pms me from time to time and has some hope, and if I'm correct, there is hope. and it has nothing to do with fundamentals of UBQU and instead the real criminals.
but yeah, I knew that.
you got it kiddo.
I'll be as brief as possible. never mind, I can't be brief. but I know those who appreciate my posts like them better than some rant against the CEO or the daily "POS" ten word posts.
given: wall street and stocks are a casino now, completely manipulated by big money and their computer programs.
no reason for UBQU to put out PR. why? because news no longer matters. retailers aren't moving this stock. most of them aren't buying, they are either looking at the memes or just posting hate messages against the ceo.
so what is moving UBQU even at 10-30M a day? the computer algos.
sure, some days they sell 20 cents of shares to 000001 to put the price down at 000001, but overall, more buys, or buys + 00005 than sells. '
why? because at the moment the S&P and the BIG meme, movie and it's little preferred unit, has broken out of a 2 year descending wedge, and the crappy economy is no longer a smoke screen for tanking markets. about 4-5 million investors have been understanding the difference between 2008 and now, is in 2008 retailers panic and sold. this time, they understand if they sell, then wall street covers their shorts with retailer selling, then switches the algos to buy. this time we aren't selling. and they are stuck.
and what caused the meme original squeeze in jan 2021 was a bunch of folks at home, learning about stocks, with coof money and nothing to do but buy.
took kenny 2 years to fix a bunch of glitches, like robin hood ftx etc.
what's different now?.....the folks left are like you and me, folks who have jobs, regular income, and money to invest.
there's the problem kenny has. they make their money taking it from US when we sell. we get a regular paycheck, so the inflow of money is infinite.
they've had 2 years of a descending wedge, but its reversing to an ascending wedge.
so honestly, if I were ballas preya the marketing guy I wouldn't bother trying to appease the wolves constantly howling for their blood. if I were them I'd be working behind the scenes trying to get acquired, working with getting a CUSIP change etc. or just plain waiting.
I believe kenny can NOT just flip us to expert and be done with it. I think they have 8B of swaps in here, and since its a real company its too useful for him to pump the stock for desperately needed collateral. problem is he pumps, ballas sells the remaining 21B and probably gets out of debt and kenny has a NEW problem with UBQU.
also Kenny probably can't flip to expert because there could be an application for a reverse split right on the OTC's desk.also a name and ticker CUSIP change.
hard to fling it to expert when your paid lapdogs at the OTC have some filings to do. also that's a lawsuit UBQU could definitely win.
for now that's a guess. also the GPL ventures bondholders are sus as eff so they might have problems bullying UBQU by nonpayment of interest.
but that is all speculation, but at this time this stock moves when the memes go crazy. sure it was 8B in 3 days at trip 1 but out of nowhere with no news that happened.
we've had 2 days where they got control of the movie stonk and drove it down on LOW volume (a bull flag signal) and nowhere NEAR driving it out fo the ascending wedge. Their "justification" ? is powell and ALL his team of 20 talking heads all week being hawkish claiming they gotta raise fed rates, destroy jobs (and tank markets).....so far with all they atll they've gotten is -1.5% on the S&P and nowhere NEAR enough to scare apes out of the movie stock and monkey unit. the bad guys are having serious problems with the infinite cheat codes, and smart whales like elon and warren know it. they are just waiting until these bad guys lose total control before they buy....
UBQU only moved 7.3M today but 99% buys....and eventually I think they will need to clean up some shenanigans here. I do have some sells at 0001 good til cancelled just in case we get moved to expert, but at this time I really am not worried. they had to cover their shorts in sears and did a pump of blockbuster who also were in expert too.
at this time that's why I think no more PR. it was a tactic that didn't work in 2019 when ballas probably WAS trying to pump and convert. it didn't work in 2022, and weirdly we almost went up when a PR was written by NON ballas.....hmmm....who would that be? oh it would be kenny's paid media....KENNY wanted it to run. it's just that kenny couldn't get any retailers to buy.
does this mean ubqu is a dead cat. nope. imo it's married to the meme basket and citadel.
does this mean UBQU to 0.10 like my mockers joke? nope, btu stranger things have happened to kenny owned OTC penny garbage.
does it mean we move off of nobid?
oh yeah that 200M went away and stayed off the ask.
and the haters on movie stock are out greater than UBQU could ever DREAM for haters.
they fear a big move on movie.
big moves up on movie usually translate to interesting things happening on UBQU.
they surely don't point to UBQU at 0.10 , but they do support that Citadel owns this stock , not any retailer bagholders spending all day whining on message boards.
only one trade 713K buy in early...because algos were afraid of the squeeze. so they held back on bouncing UBQU back and forth.
then they got things under control...powell speaks tomorrow. well they APPEARED to have things under control...so UBQU algos sold 2 million to trip 000001
then 10M "seq" buy....then 10000 SELL then 10000 BUY then FIVE SHARES to 00005 but of course they don't want to update UBQU's PPS.
doesn't matter, halt up as I write this 30 minutes into power hour on movie.
all of this on "no UBQU news" for months. I am 99% convinced that UBQU is algo tied to the memes....
and I hope hedge funds did plant some garbage in UBQU they'll eventually need to pump or cover. that way, he can't tell his oTC lackeys to move UBQU to expert, I am guesing.
regardless, an analyst I trust is saying the S&P bounces, the memes have broken their ascending wedges and off hours trading is going to be a nightmare for those short on the memes.
so I'm going to guess for UBQU at t a minimum to pop back to 000001 tomorrow. more buying than selling as usual.
yep.
another ticker I play C * G * R * A * on my platform shows volume 0
while 2M volume on yahoo shillnance.
for those who listen to my rambles, well the OTC is kenny's back yard. they use uniswap, a semi broker that swaps one thing for another. and remember that mysterious 8B ubqu that got bought at trip 1 at the speed of COMPUTER last time the movie and game stonks got kinda moon-missiony.
it's going to be an exciting week, because I am sure it might not be squeeze level, but imo there IS some BS shenanigans on UBQU's share structure, it might be an easy thing once a hedgie who is say, hiding 80,000 dollars of shorts to cover here once things REALLY hit the fan on the big stocks.
yep.
another ticker I play C * G * R * A * on my platform shows volume 0
while 2M volume on yahoo shillnance.
for those who listen to my rambles, well the OTC is kenny's back yard. they use uniswap, a semi broker that swaps one thing for another. and remember that mysterious 8B ubqu that got bought at trip 1 at the speed of COMPUTER last time the movie and game stonks got kinda moon-missiony.
it's going to be an exciting week, because I am sure it might not be squeeze level, but imo there IS some BS shenanigans on UBQU's share structure, it might be an easy thing once a hedgie who is say, hiding 80,000 dollars of shorts to cover here once things REALLY hit the fan on the big stocks.
still early but some good signs if UBQU is hooked tot eh meme algorithms.
movie stonk is in squeeze mode, narrative shift on movie.
turns out there are no cancelled options, but certain stock platforms are moving awful slow for retailers on movie stonk, always a good sign they want to discourage buying.
at the moment how does that relate to UBQU with no news again?
well, about 200M+ at the moment is off the trip 1 ask.
an algorithm probably in sympathy tot he bigger play is acting more UBQU "run" ish.
it's going to be an exciting week imo.
they don't care. I mean I said they are petty...but their PROGRAMMERS are petty lol.
most stocks, and definitely UBQU's market makers are run by computer programs called algorithms.
the goal of a "true" MM is to be "equal" on both sides of the trade. let's talk say microsoft. so MM's SHOULD have millions of shares of it for the daily trades. they are supposed to sell high, buy low. and make money on the arbitrage.
the reality if you've been following the meme trades is they don't on many stocks, they just naked short sell (which is LEGAL and called short exempt) to the demand (typically retailers on memes) and hope later the retailers will sell in disgust, they buy back the naked shorts and clean up. recently, apes in many other stocks haven't sold, so MMs are holding a huge bag of fail-to-delivers
now the old saying was the OTC is sooo different than big exchanges, nobody can short penny stocks blah blah blah the OTC is the wild wild west.
well turns out that wall street is mad max thunderdome, same anarchy bigger stakes.
so in the end the "idea" is that UBQU is now "trading" at 000001 and 0001 (that's a 100x spread, GREAT for mms, horrible for retailers)
by now, even though its speculation, so many retailers have sold out of the 29B dilution pig float I'd be surprised if retailers are holding more than 5B of it. leaving MMs holding 24B.
sounds bad for the MMs but no, keep in mind whoever buys those 000001s is a MM, probably citadel but could be virtu, susquehanna, CTSI etc.
but say citadel, they get 1M shares for a DOLLAR, and a billion shares for a thousand dollars.
anyhoo the idea is to appear "break even on the trade" the reality is today we sold 56001 to 000001 for .0056 dollars.
why would the algos be programmed to do this/
well they tie it to the main indices, probably this one is tied to the meme trades. they shot up today, that's why we have machines buy about 12M today for 1200 dollars. and .0056 in sells.
but in the end the algos want to get us to sell right? so say the algos are tripped from BUY due to powell getting awful dovish to SELL.
it means movie stocks and game stock memes don't rocket....and down here in lil ol ubqu with so few retailers doing anything any more, some MM which paid probably at most 5.60 cents for 56K shares at trip 1 sells it to lose that 5.60 dollars.
since these MM clowns make millions to billions a day (not any more) ripping off retail investors and claiming oh no we're all about market fairness and 0 cost trades blah blah....who cares indeed if they take a 5.60 loss....to...further upset UBQU baggies who maybe have 10M-100M shares of this to watch their accounts flip down by 1000 to 10,000 bucks. which might make those baggies upset. might make them stack the ask at trip 1 to get out of the play due to disgust, and when the MMs are ready, they'll be happy to snap it up at 100 per million whent he Mm algos want to take UBQU or another nobid penny to....0040? .01? one trip ran to 9 dollars in 2021, and right back down days later.
oh by the way, 21K more BUYS came in after the 56K sell at trip 1. but our PPS stays for the day at 000001....even though in fair world it should be 0001 again.
that's intentional. they can claim well UBQU is a POS at nobid so the OTC gives it last care for technicals. oops technical glitch, and yeah most likely tomorrow morning we'll pop back to 0001 if the algos keep buying..all depends on whatever basket of memes UBQU's algo is connected, barring we get a catalyst like a FILING so we can stay pink. I think that's why I and other retailers aren't even willing to risk buying the trip 1s any more.
someone much smarter than me said "The OTC is Kenneth Griffen's backyard (and trips are the dog poo in it)" that's the OTC. wall street owns and manipulates it, the SEC ain't even caring about blue chip stocks worth billions in market cap, don't expect the OTC to do anything but help the MMs get rich either, imo.
market maker a little petulant on UBQU.
all buys today except 1 poot to 000001 so far...markets ripping.
that poot? 1 SHARE. ONE. SHARE.
don't let em fool you, the market makers are not happy recently.
oh I also should mention this.
all the trades were 0001 buys regardless of size this morning when the ALGORITHMS for the indices were pushing the S&P down, but meme stocks up.
and then mid day the usual fliparooski, the indices went up
why? well because Kenny collected all the daily and friday PUTS ont he S&P and now he's gonna cause those casino players to lose their premiums. ...
but the meme's eh once there was liquidity, time to push them DOWN.
and when they went down, a 500K sell ot 000001....and there were millions of buys later, but then another 300 sell to 000001 and it never changed all day.
disclosure, I didn't do any buys today. I've collected a lot of 00005s thanks to kenny int he past but not today.
in closing again nothing that happened to UBQU today has a darn thing to do with Ballas or the company, it had to do with what some computers were told to do.
I tell a friend in PM kenny owns the jailers, the cops and the judges, and as long as he does, memes, and UBQU too, aren't going anywhere.
but I'm sill bullish because never in history have those who profit from crime held that criminal machine together, all the time.
all I have to do is hold my stocks, one of them being UBQU.
for those who want UBQU to languish in the cellar forever, their machine of crime has to work 100% all the time 24/7/365. and I mean that literally since they trade illegally off hours allegedly, supposedly.
one thing goes wrong, algos will be tripped to buy. if we get a lucky passage of MJ out of nowhere, algos will be tripped to buy.
again, Ballas wouldn't be congratulated either. it'll have nothing to do with him on that day either.
not buying any market maker 00005s any more, because honestly even with these small 24 million volume moves, it's clear to me the computers are buying more than selling even on sleepy quarters.
and I believe one day the main indices will crash. ubqu will go to 000001 who knows even 50 million might be sold to 000001 for 50 dollars. since only MMs can do that, good on them.
and after the crash, I think there will be forced buying by these computers. I am hopeful UBQU will get some of that end of the train forced buying action.
small volume about 25 million, but 24 million was buys, the last buy WAS at 0001 but a 300 share sale 2 hours ago at 000001 what is that, 3 thousands of a penny? sold by a MARKET MAKER probably shytadel of course makes it stick this way.
why? because kenny owns the OTC, and they LIKE it being 'stuck' there'
to make baggies upset, so upset they might place their wad on the trip 1 thinking that us ending at 000001 has anything to do with fundamentals and when kenny wants it to run? he can scoop up those complaining baggies shares cheap.
I scratched my head in the past when something like a 300 share sale to 000001 would happena nd then after buys of millions at 0001 the PPS on the broker platofrm would "stick' at 000001
not any more. I'd also chide ballas sarcastically for doing a "good job" but the MANIPULATION of the PPS you see is the work ofthe market makers, whose last name ends with a G...
and I think we'll close this thread with that. very good.
Just for fun I looked up global links since I mentioned it in my last back and forth: and it was used as a "distraction" back in 2020 so that canazall/hemp life investors would pile into it unstead of Ubquitech software, which they did.
...
went to the OTC about global links.
last letter was from a lawyer in early 2022 just claiming it was NOT a "shell company"
last actual financial disclosure was for Q1 2022.
yet it's "pink limited" not on expert, still trading at 0011. now it's back down to its stagnicity from the days it ran to 0190.
I'd claim some distractors stole ballas' squeeze.
and as for the "rules of the OTC" they are flimsier than used toilet paper, since this company is still pink and tradable with a year plus out of compliance.
and of course that last fin the CEO was Frank J dobrocki
https://www.otcmarkets.com/otcapi/company/financial-report/325359/content
also HQ in vegas. Oh I remember the fear ponged about how HLT /. cannazall was in denver, florida, vegas. Safe to say now in hindsight I think there might be legal reasons for UBQU to have links to tax free states but the most of what is going on now is in income tax-free Florida, where Ballas resides.
and its clear to me that the GLCO misdirect in 2020 and the mysterious tweeter "james A. Ballas" pumping it (that handle came adn left the second the global link squeeze was done...it's clear to me that someone ran their own little p&D play and probably stole Ballas' name to do it.
also using HLT, effectively they stole one of our squeezes.
but that's the past. the question I'd like to bring up is why is global links still pink limited after nearly 2 years of non compliance? I thought those rules were solid as concrete!
well if my theory is right, whoever owns the majority of shares of global links has influenced the SEC and OTC to just do nothing, since it's a zombie stock that wall street can still USE, or the SEC and OTC is too focused on 'real' meme stock, or the SEC and OTC is just truly incompetent. or a combination of all 3.
another reason I write out to my readers about this at all, other than a history lesson to dispel fear...is global links sells nothing. no product. it only trades at 0011 because it's float is 1.5 billion. a lot less, so its a ratio, but still a true zombie.
Cannazall sells a product, nationally, perhaps globally now. amongst the zombies that's a rare gem. I honestly believe if the corruption was 101% of wall street, we'd squeeze because of the long possibilities. but that's not the reality, but that also helps me understand why we stay at nobid. we're manipulated, heavily imo.
so that continues to give me hope personally that come the day that the owner of our float, Kenny (wall street) wants to pump it for whatever reason, they'll select US instead of a pile of garbage like global links.
at least the twitter is getting fixed, so I doubt we'll see any more "james A. Ballas" headlines pumping other stocks away from UBQU that at this point anybody who wasn't born yesterday shall believe.
I dream of a day when a stock is not judged by wall street
the SEC, the government, and their paid lapdog shill media
but a stock is traded by the fundamentals of its character.
yes, I've explained an R/S I also do not think is in the future, but I also think an R/S would help us the retailers more than the present stagnation and it isn't Ballas withholding "good" things from us, but the OTC denying such things which would benefit the share price and us retail investors.
the metaverse play is similar to the cryptolie craze of 2017...yeah turned out to be a bad bet, but remember, many more than ballas, like...the lame stream media was all Facebook facebook facebook! the metaverse is dead (for now) and so is the FANG stock craze. luckily, those ads probably only cost UBQU thousands of dollars. and who knows? it takes most new technologies one to 4 years to go from a joke to the greatest thing.
I don't defend ballas as some genius, he continues to make moves that honestly, are dumping on thousands of ceos.
yes he's a ceo of a number of companies. that could be as simple as his old wild west buddies died and the ceo-ship was handed to him, or there are other companies with real humans on their boards like IMTL who see opportunities we don't (these opportunities might be being BLOCKED by KENNY (not james) as I hypothesize but perhaps those insiders might bring more money and legal power to the eventual showdown that is going to maybe make moves on the openly exposed daily corruption of wall street and the SEC.
also there's very little risk to UBQU baggies when Ballas becomes CEo of a spinoff. like GDET, ballas didn't do jack. off it went to expert.my guess is he probably TRIED to merge it with UBQU and it was denied. oh well I doubt anybody reading our back and forth had any bags in GDET. I had a tiny one, and I dumped it the day of declaring expert before it went to nobid with no disclosure.
XREG not sure ballas was ceo, he was on the board, but again, it went expert, and I wasn't in it. my guess ballas as a board member was just a think they all did back before we learned that the OTC was sure, the wild wild west, but the major indices were crime ridden gotham! regardless, no skin off Ballas' nose.
Global links? that one now in hindsight is FASCINATING. you see we had someone showing e-mails and TWEETS from a James. A. Ballas (that name) pumping global links and claiming global links was the owner of Hemp life dated 2013.
global links pumped, then it dumped.
looking forward, with the twitter GINORMOUS SCANDALS and how easy it is to fake a date in an ihub post? I think that twitter wasn't James A. Ballas at all, and I don't trust that article either. it all went away when UBQU was proven to be the owner of cannazall etc, so that fear stopped pinballing about.
as for CBD products selling above 50 dollars a piece? unsure how that is a criticism of cannazall. the pricing on cannazall CBD seems valid to me. and the entire industry, I'm unsure of any of them doing well. the one that got lucky enough to hit kroeger shelves well it pumped their stock in 2018 when it happened but they came back down super hard in potaggedon of 2019 and when I hear reports on it, it is about how flavorless and uninspired the kroeger pushed CBD product is.
your final argument about Lawrence replacing ballas as ceo of image protect is backward. lawrence died. ballas was made ceo. how that happened unsure
https://finance.yahoo.com/news/image-protect-inc-provides-corporate-160000580.html
but here's the link. august 3 2022, passing of former ceo, on yahoo finance which is a water carrier for wall street imo. so I tend to trust it when they presented which is honestly an anodyne article.
I might have wrote that last one about merger, but it doesn't 100% seem my tone. maybe yours? even so, I tend to AGREE with that last post especially since ballas is now ceo of IMTL
but of course we are rehashing the same back and forth for no reason imo.
I've explained for the folks who actually read me (they tell me in PM they do and thank me for my posts)
- I think there are (and were) plans for various things which makes sense like a symbol and CUSIP change for UBQU to cannazall, the rationale being C-Z products really doesn't need "Ubiquitous software" as their monicker, it's outdated
- however, my theory states a CUSIP change in ANY way, through merger or symbol change would recall all the shares. In my opinion, with the 8B mystery game which happened last time movie stock shot up, there's a real good chance a CUSIP change would not be a happy day for wall street and market makers.
- therefore, it makes sense that NONE of these things have happened, and of course, since we won't be allowed to see if there were shenanigans until "judgement day" for wall street...it is very easy to blame the CEO.
anyhoo, and so the game continues. retailers who are bagholding stock can at least get some emotional salve blaming the CEO on ANY stock.
but other than that, if one bet what they could afford, and keep emotions out of it and follow the PRs both true and fabricated, perhaps we'll find ourselves in the sky one day.
lol! well even that little pump piece (couldn't find the date) can't hurt!
man if ballas did a R/S of 20000:1 we could get 2 dollars....
on a 2.5 million share float. sadly that won't happen I think there are rules as to the minimum float one can Reverse split to.
oh man if there ARE shenanigans on UBQU, the pain the shorts would have on a 2.5 million share float!
I didn't say you railed against me.
and your second paragraph apes (pun intended) my sentiments exactly.
at this point, we sit and wait. soon UBQU will have to file their financials to stay pink.
was tons of interest due? as of last two fins, easily the quarterly interest was about 300,000 with no hits on the debt.
no official release of sales of the further 20B A/S and since we're at nobid I hope no sales of it.
so did UBQU owe another 300,000 dollars?
if not, we tread water.
if they did, how did they get the cash?
we'll either see UBQU file a fin showing added debt,
OR they won't file a fin,
or soon we'll hear press about bankruptcy.
actually I'd hope a LOT for #1. because a filed fin with no bankruptcy regardless of how bad it might be means we stay pink OTC. if we stay pink OTC and since it appears we agree on wall street's corruption and probably their manipulation of this UBQU stock....every day we last in pink means one day Kenny stops OWNING the cops, jailers, and judges. the second the manipulation ends, Ballas can get a CUSIP/symbol change or a R/S and we might actually see some honest action on the stock.
bankruptcy PR would be the worst but I don't expect it. it would mean GPL and the other lenders would own UBQU. they don't actually want to OWN it. and then they imo had better NOT sell it. if they sold it to say....ANY other company, well they'd have to buy the float which causes a reconciliation of the shares and that might cause those 8 billion mystery shares to have to cover.
I expect #2 if we don't file....I expect similar to GDET and another stock a PM buddy and I played which stayed pink for MONTHS after non compliance.
of course, maybe if Kenny wants this thing gone & dead, we might be at expert from a week to a month. unsure exactly WHEN UBQU has to file.
but since UBQU sells a product, cannazall, we've all bought it and used it....unlike many "piles of shares" that got relegated to expert...this company has the LEGITIMACY to be "pumped" by kenny.
bad news is , smart guess, they don't move MJ legalization any time quickly. too much chaos in a different direction, which is sad because the lich signing a legalizing MJ law federally would pump the entire sector imo for ...2 days. then Kenny could use the APPEARANCE of legitimacy to run UBQU up to.....0020? 0040
but maybe UBQU is one of those 10,000 OTC stocks still around worth keeping around for a while for a collateral pump.
the one thing I haven't talked about is possibly acquisition ...or maybe one day UBQU joining in the various lawsuits against naked short selling like G*T*I*I*. of course I don't put a lot of faith in the lawsuits thing. even if those 8B shares were shenanigans on a 29B float. well at this point my guess the shenanigans on UBQU aren't big enough for anybody to take notice or care.
but the other one would have hope. of course, I do think Ballas wanted to merge GDET with UBQU. now he's CEO of IMTL for whatever reason, I'm guessing he'd want to merge UBQU and IMTL and justify the symbol and CUSIP changes.
problem is even is elon from TESLA wanted to buy out UBQU....well that would be too high profile so maybe that would work, my point is GDET IMTL UBQU and the other tickers I can't name for off topic...well the stocks in the ballas-sphere...all too low key for anyone to notice care or make a noise large enough when the OTC just....denies or sits on their hands on applications which would force a CUSIP change and a recall of the shares. If I had to predict anyting....IMTL goes to expert before UBQU.
but there ya go. we sit, wait for a filing.....if we get a filing and stay pink, honestly, I'll be BUYING a BIT MORE to drop my 00007 average. it's a game of waiting out wall street for me. I don't even see Ballas as anything more than a CEO TRYING to save the company (aka his job) , I don't see him as the guy who will stop the run and screw anybody who bought the 000001s to trip 1s
you said you've been in this play for years. then you remember the 1.5 year nobid from 2019 to late 2020. I actually sold quite a bit and made quite a bit of profit because I bought a lot of those trip 1s. like I've done now. difference between the run of 2021 and now is now I know who is against UBQU and how disadvantaged they truly are!
you noted another reason why the folks here are frustrated:
but, sometime out of frustration my post would call on Balla or other board members, I am sure there more than Kenny out there who is screwing up,
yes....a lot of these penny stock ceos and boards...from UBQU to about 8000 other penny stocks, screwed up.
during the bull markets of 2016-2019, convertible loaners came to them and said hey take these loans at 10% annual. but here's the thing, if your STOCK goes up up up, we'll sell shares for you, and you get debt forgiven at 50% of the two lowest prices per quarter. Dilute SMARTLY ceos....and you can have a high price and be debt free!
thousands of ceos took the deal.then those convertible bond holders just sold shares while kenny shorted the same stock and lo and behold, huge dilution! 50% discount all shares diluted and STILL DEBT.
Ballas isn't alone in this scam, not by far, and not even CLOSE to the company that got screwed the most by it.
my guess the transfer company that hasn't updated all their share structures ....all th stocks in it might have types like GPL as their convertible lenders. wouldn't surprise me.
so yeah to call out Ballas is....cathartic. I get it. and now ballas kinda sorta has a board? preya, the marketing guy, the lawyer...maybe....honestly this company is so small it's hard to know who the insiders are.
but at this point the reason I know ballas sent that letter saying in effect "guys I know you want to turn trip 1 into x100 and own a yacht, but from now on speak to IR"
was because he has to keep legal, and he cannot look in any way to be "squeezing the stock" it's his job at this point to get out of debt, stay current and make moves to grow the company so the shareholder price can go up. UBQU is too small to scream "my stock is naked shorted to all get out!" (it probably isn't) and he definitely can't openly imply his stock is manipulated by the majority holders of the float.
anyhoo. yeah I understand being upset at Ballas is cathartic. and I agree with scratch....nobody really who comes in here and doesn't buy UBQU because of the negative press won't affect anything. but it doesn't help.
um. ok.
ok so you've been around. you know who kenny is, and you have read my posts.
so you have the answers. you acknowledge the decades long frauds and damage they do to retailers. safe to say then you don't necessarily DISAGREE with my thesis then.
safe to say then you aren't railing aginst what I've written, and we're on the same page.
sounds good.
we can close this thread then.
negative. original A/S was 20B as of circa jan 2021 before you entered the play. and 10B was still to be "dumped" additional 30B A/S was vbrought in during 2021 after run to 0020 was dumped, which at that time DID put a dent in the debt but kenny who still owned the float used his shares to make sure UBQU didn't get out of debt. additional 30B added on or before you entered the play mid 2021. at that time, everybody including me grumbled, but now later I for the minimum understand the intent of any CEO trying to raise more capital, to get out of the debt trap set for them by Kenny or "the man" or composite man but Kenny IS the poster child of the corruption of wall street.
the rest of the information seems ranty and hard to understand.
wow, I've mentioned kenny, gary, Janet, Joe many times and you ask again?
ok cool. some people out there definitely haven't looked out the UBQU window and maybe have intenionally ignored, or refuse to digest anything I write.
https://en.wikipedia.org/wiki/Kenneth_C._Griffin
I'm not allowed to talk about anythign BUT UBQU and I answered you before as to why THIS time we've been at nobid for ONLY 3 months so if you want me to further detail my answer to your original question if you are earnestly interested....PM me.
thanks.
oh additional edit you are upset that the OTC hasn't updated. well if you've been digesting my many posts about this. the OTC IS NOT ON RETAIL INVESTOR"S SIDE imo. and opinions of millions now outside this forum.
the OTC and SEC does NOT DO THEIR JOBS VERY OFTEN in the best interest of RETAILERS.
they PROTECT WALL street of whom which kenny is the poster boy.
that is why as kid noted, every stock in the transfer company has NOT been updated. also why UBQU's applications for symbol and CUSIP change, and I'm sure if they applied for a R/S they would either be slow-walked or flat out DENIED. because they aren't doing their JOBS.
happy friday the 13th
I'm sure most UBQU bulls have heard this outside this forum especially dealing with movie stock. the TRUE role of a CEO:
it is to Grow the Company, and financially be a good steward of the COMPANY (get it out of bankruptcy.)
it is not only ILLEGAL for a ceo to take action to "squeeze the stock" or "pump and dump" the stock, instead the Ceo is supposed to help increase shareholder value by improving the fundamentals of the company.
Not saying JB isn't a crook, not saying JB has kicked those screaming at him to the curb (tho to be honest, those screaming at him to reveal something which will allow them to get their UBQU squeeze should be told to talk to IR)
but what I am saying is now I've seen a bunch of people screaming about the BIG meme stocks in a similar way they b and moan about ballas, and seriously, that's a quadrillion dollar game while this stock if it runs, will only cost kenny a few million which he STILL can afford to lose but thankfully no longer has in petty cash.
patience. not saying JB is great...but he's doing the ceo's job. whether it's too late for UBQU since it's literally in the basement of the cellar, well that's anybody's guess.
my math was off about the R/S
Ballas has approximately 20 billion shares left to sell.
20 billion at 0001 is 2 million dollars, which is more than the 1.6 million UBQU owes to the bond holders.
this could be why the additional 30B back in 2021.
back then 30B at worst case trip 1 was 3 million.
and at the time, the fed blowing joebux into the marketplace (before inflation) drove UBQU to 0020 and pretty much squeezed...well you've heard my story.
now we've had this unit on movie...A%P%E%....4.5 Billion of it. opened at 7....7 x 4.5B billion even at half capture is 15 billion dollars which would have destroyed movie's debt, gave them a 10B war chest AND caused the MOASS.
so kenny did what he had to do, drive the simian under a dollar, tried to make it a penny or even sub penny, so at best the dilution would have been a few hundred million, not enough and bankruptcy.
so actually if I were Ballas and I were one of our fellow UBQU baggies, I'd be ASKING for an R/S because technically the bag left of ballas' if he could even get CLOSE to 100% capture after the R/S he could get UBQU out of bankruptcy which would interest outside money, no matter how bloated, take bankruptcy off the table and throw the bondholders to the curb, then buybacks etc could be discussed and if those 8B shares weren't legit well we'd have a run at very least on UBQU.
so there you go bears who ask why nobid, and whine that ballas opened up 30B more for greed.
nope, same reason movie opened up 4.5B ....because the goal was getting out of debt.
movie stonk, UBQU, every penny in kenny's backyard, he so does NOT want them out of debt. and that's why our enemies NOT ballas will fight tooth and nail to keep it here...unless they need a collateral pump or we get lucky and get to squeeze on some out of the blue MJ legalization talk. or we get lucky and the cops judges and jailers that kenny has bought all of a sudden get a case of conscious and change our symbol, CUSIP allow the R/S aka do their jobs.
Kenny owns the OTC, kenny influences the SEC.
Kenny owns the float.
Kenny owns a market maker
that maket maker makes the MOST bouncing it back from 0001 to 000001 on more than UBQU, thousands of these stocks from pink to expert. that 100x is a nice spread. also a great way to launder money.
my friend, in 2019 when their plan was to drive UBQU to nobid AND expert AND bankruptcy, the OTC denied a symbol and CUSIP change to hemp life today, then Mastercard decided to close UBQU's money making capability by just shutting down their ability to take credit cards claiming "hemp" is a bad word in the name. that took months to fix.
3 months at nobid? in 2019 to late 2020, how about a year and a half?
and yeah, if kenny wins and has no plan on pumping this ticker, you may lose what you bet on UBQU. then again, very few stocks sub penny are doing well. even folks playing apple are starting to feel -40% pain... anybody who still ascribes to the major markets and the OTC act differently...well it's probably their first bear market and I don't know what to tell them
but you asked anyone why by 3 months no bid. because kenny wants it here. and no retailers have the resources (yet) to dare challenge the ask and put 80,000 bucks into it. which to me makes a lot of sense because unless Kenny wants it to run? he'll ask the algos to slap another 800M on that ask.
also, anybody who wants out and is upset shoudl be PRAYING for a reverse split even though all I hear is "oh no reverse split" but if they got one they could sell and be DONE.
heck, I'd sell a LOT and be DONE if we R/Sed but we won't, why? not because ballas doesn't want one, everybody says EVIL ballas he wants a R/S so he can dump more shares. yeah he does because if he can't pay the interest any more well kenny then decides if expert or take control of UBQU....sadly, odds are more than 50% expert markets and then no hope of getting anything back.
but kenny doesn't want an R/S I'm sure the applications for a R/S have been DENIED as much as symbol and CUSIP change.
because with a smaller float, harder to short, harder to manipulate, ....easier for new money to come in and squeeze it, easier for ballas to sell those 21B remaining A/S under R/S 100:1 to 21 million, sell at .01 maybe less....sure the entire new float is now 50 million at .0075 cents but as he diluted, if he captures say .0080 its only 168,000 dollars maybe enough to pay next quarter's interest, but then he gets more A/S.
yeah, present money sells, I would since my new average is 00007 I might make a few bucks, disgusted holders also would leave. But the float at present is 50 million a LOT harder to manipulate. then there is also the question of the 8B that magically bought up at trip 1 with no bid there during the last meme frenzy. maybe UBQU on a R/S 100:1 doesn't just go to ten cents and straight down again, maybe there's a little covering...during that covering ballas sell higher, captures more. even so it's a LOT HARDER to play shenanigans on a smaller float and a smaller float is more attractive to bigger money (not saying money would pile into a zombie, but it WOULD find some people more willing to risk on a 50M float than a 50B float. UBQU might be the largest total share stock ...well that I know of.
so yeah a lot of us are STUCK here. and those folks who would get out the SECOND they could, should be praying for a R/S without cynicism imo. of course, since a R/S would counter-intuitively be a GOOD thing for UBQU, I am pretty confident it won't be allowed until the true owner of UBQU, the market makers and hedge funds, want this stock to run.
I am no longer in schwab. Schwab and TD are brokers real deep in cooperating with Citadel. I am no longer in them and won't reveal any more detailed information about my brokers or myself, ever again.
not financial advice, not a financial advisor, but I don't trust schwab to honor any huge market event where any of the meme stocks squeeze. they might even 'take away the sell button'.
also still here, haven't left, and not leaving.
nothing has changed in the UBQU play imo, except the fact that this zombie stock is pwned by kenny they own the majority of the float.
if they get squeezed, UBQU moves up.
I think they applied for a symbol change with hemp life, and with cannazall and were denied because the OTC is kenny's back yard. either symbol and CUSIP change would have forced a reconciliation of shares.
8B shares were mysteriously laundered on UBQU when the movie company announced their preferred unit and there was 8B shares that somehow all got bought at trip 1 when the bid on trip 1 was maybe in the low millions. UBQU is filled with hedgie shenanigans I'd claim.
the only thing has changed is if kenny gets his reverse split on movie stock and is able to solve his massive short problem on that stock, maybe then all the penny stocks from UBQU to all the other ones played in kenny's back yard stay right where kenny wants them, down here.
good news is JB can't sell those 29B still authorized. if kenny loses control of UBQU or he lets it run to collateralize it on MJ sector news or we get a general index squeeze and kenny has a bad bad day on his puts on the S&P, maybe we get 0010. Ballas could then sell all 29B, get 2.9 million, pay the 1.6 million dwebt with a 1.3M war chest, cause a share buyback...anybody who follows the saga of the movie stock knows the drill.
so we wait. will UBQU not get interest paid and off to expert? or will kenny use UBQU like GDET and keep it pink for 6-9 months AFTER non filing because hey, UBQU could be very useful for a pump moreso than a zombie with no income stream.
or do we just wait for a surpise bull market? it's kind of possible since statistically, a green S&P has always followed a -20% or more S&P year....
even with a REAL crash, won't be good for the hedge funds. they lose control, well I hope my fellow UBQU longs also play a volatility index here or there as their own hedge....
crash, they have margin issues. market bull runs, they have margin issues on their massively leveraged short plays.
or do we get acquired....I think kenny would stop that, because again, having UBQU merge or reverse merge into ANY other CUSIP forces a reconciliation of the shares.
however, all of those, makes controlling the zombie stocks we all are here and once loved...more difficult. and at the moment, Kenny owns the cops (gary), the judges (janet & the congress), and the jailers (the FBI and the DOJ) ....but even the best of criminals with all the crime behind them make mistakes. my proof? 1929, and the ones I've seen since I cared....2000, 2008, 2022 and possibly 2023.
ok this was for fluid, kid and rmoss....I know I'll get a lot of hate for this post from others. but wanted to give a thumbs up to the "we're not leaving" crowd.
100M buy came in parsed as 99.3M wiht 1M etc other buys right at 9:30 on the nose.
I think most folks can't buy batches larger than 9,999,999
so....most likely, a premarket bet ready to go from an algo. if it was human, say ballas getting a golfing buddy to buy to give him 10K more interest payments....wouldn't be at 9:30 at market open.
the other 8M probably were humans, but a 100M buy from an algo.
our tiny tiny drops to .000001 were expected, that's the MM algos "balancing" after the relatively large buys. always trying to end the day with PPS action on any stock at same level if not a little down.
my best guess is a lot of folks think that the MJ market is going to pump with "legalization" soon. perhaps one hedgie got early to the game.
most likely one algo was still tied to tilray, aurora, the big MJ players.
the bad news is if I'm guessing right, a lot of algos hooked to MJ have given UBQU, a CBD only company, less connection.
with all that being said, when the pump of MJ legalization comes, I'm sure we'll get more than one 100M hit.
I wasn't expecting much on the fundamentals front, to be honest. on this or any penny stock. sorry :(
will UBQU start to have buying activity on no news?
well let's just say right now F*T*X collapsing is just the beginning. "bank run" on crypto.com and we are squeezing premarket on the two biggies.
oh and since nov 11 was a bank holiday, all the margin calls didn't go out that day, so 3 days of margin calls gonna happen TODAY monday the 14th.
it ain't over until my ex gf sings, but I do get the feeling it won't be the greatest day for wall street.
and since I believe wall street owns hates and manipulates UBQU's float downward, that means probably a good day for UBQU and a ton of other penny stocks where all types of shenanigans are hidden.
GoodLTA, guess we'll see !
market makers work on trying to get a net neutral and being on both sides of the play.
recently comments that UBQU sux because we visit 000001 some times.
as someone who gets a lot of 00005s, I am noticing that others (not me I have enough) place those 100 dollar to 500 dollar buys at trip 1 for 1-5M shares.
and then right after, or at close, we get those teensy weensy drops sometimes on as little as 2000 shares to 000001.
humans not so much. MM algorithms trying to end the day at the same price (yesterday being 00005).
now of course my haters would argue, why would a MM care about volume that some days is 1000 dollars?
I'd say HUMANS wouldn't ....but the MMs dont have humans on a lot of these zombies.
anyhoo thanks computers for giving me a 00006 average now.
maybe Sam Bankman Fried had 6000 dollars of shorts swapped into UBQU and he had to buy them out as he just got liquidated lol.
I wonder where those 8B shares went. I think some wall street types are bagholding a few swaps down here in the UBQU cellar box. we'll see as the market turns upward.
for us UBQU long bagholders, well one thing we can say, we're still solvent, a 16 Billionaire just went to 0.
that HAS to hurt lol.
go to otcm, check out IMTL's recent fins. it mentions ballas as the ceo now
go to yahoo finance, you'll see their last posted newswire there was 3 months ago mentioning the old ceo's "passing"
sorry listening to an earnings call and working, so this response will be brief my friend.
Chip, how debt conversion has actually increased debt is explained right in the contracts!
the converter has the ability to sell A/S to pay interest whereupon the debt is reduced by "50% of the lowest two points in that quarter"
Yeah, what you say speaks a little truth. the thing Ballas could do, (and the thing that from the movie stock down to the other 10,000 OTC cellarboxes) could do at this MOMENT is pay off debt.
some reasons why I don't agonize too much yet from the movie stock atthe top down to UBQU is because a couple memes have even PROVEN beyond a shadow of a doubt (can't mention tickers oh hey G*T*I*I and A*T*E*R*
to illegal naked shorting. they had proof.
and they still are down, way down no squeeze.
yet.
but as I write right now. well let's just say the DOJ might be getting involved and now these OTC stocks I just mentioned are realizing there are other ways to ....save their own companies.
Ballas as CEO did what his job is defined. trying to grow the company and increase company revenues (regardless of how dismal the financials are he's doing that.)
it's illegal for a CEO to actively be trying to squeeze their stock or throw off the shorts any way else. so at this time, sadly, the game is rigged against those 10,000 OTC stocks. for now.
but the moves I'm seeing give me a positive vibe Ballas is trying to survive, and grow UBQU.
I still am unsure as to how he became CEO of GDET and IMTL. sure, GDET failed to expert. but it was already in horrible debt. so perhaps Ballas stepped in to just bury that corpse he didn't (or did) create, regardless it didn't affect UBQU.
but IMTL has a healthier appearing balance sheet than GDET and more active participants. Blockchain is a joke now, but it won't be in the future. I personally think the age of T+2 will turn to T+0 because blockchain might allow investors to buy without MM shenanigan involvement in the future. I personally think the age of MMs using short exempt to sell for the sake of "market liquidity" will come to an end. and when it does if one wants to be a real MM, they have to hold the stock BOTH long and short in order to satisfy the buys and sells from retailers.
maybe IMTL will drag up UBQU or the other way around. another reason I just don't believe the ballas master criminal thesis is because IMTL didn't hit UBQU's radar until NOW. the investors and players in IMTL didn't know who ballas was 3 months ago. many don't now.
if the folks in IMTL in new york thought Ballas as some master criminal, I doubt they'd agree to let Ballas become CEO.
there's players behind the scene bigger than Ballas. GPL ventures might not be as bad as I think they are. I don't know, not sure yet.
I also am more confident the feds will "legalize" MJ soon, that catalyst will happen, maybe even before end of this year. that catalyst will it pump UBQU?
honestly, my gut says no BUT, the algorithms running UBQU are losing control at the high side.
but in closing. not best imo to look at UBQU with a narrow lens. indeed if UBQU is alone in this world, and my thesis is right, kenny has this stock in control. no way ballas could refi the loan through wall street lenders. his stock can't get on computershare because it's a trip OTC darling that never left the OTC.
I personally believe every thing UBQU has done in good faith with teh OTCM has been responded in bad faith by the OTCM....slowdowns, no symbol change, no refinancing, etc.
but this IMTL thing and GDET before tells me other things are being tried to think outside the cellarbox.
but with kenny's long positions, amazon micro netflix facebook down 50% witha market crash coming. now is the best time if I were ballas to wether through the storm and wait.
we still do about 10M volume a day, which is a paltry 1000 dollars.
why? imo because folks if they have 1000 dollars are buying bigger memes. people don't have the money and if they do they are waiting for hte bottom on other much bigger plays. a bottom which will maybe show up after a volatile wednesday.
in some way, my UBQU holdings are safe in comparison. market crashes, we'll still be at nobid!
forgot to mention a few more things about why this stock is still current and Ballas is "not in jail. I am one of maybe Two people on this forum who have been in this play since 2017.
in 2017 one of the old posters here alerted the SEC about this stock and Ballas
in 2019 that same poster who at that time I claimed was a personal mentor also alerted teh SEC about this stock and Ballas. they posted the e-mail they sent on this forum.
nothing happened either time.
On both this forum and many many other OTC forums I have been on, folks claim they call and report these OTC stocks and their CEOs.
I am sure they do.
yet nothing happened with UBQU each time, and nothing happened with those OTC stocks.
I am still 99.999% certain we are down here at nobid, because the markets are manipulated down, this is a bear market worse than the 1970's which most of us weren't even born, and this OTC ticker along with about 10,000 others, are manipulated and cellarboxed right here at nobid.
I am likewise confident that they will lose that control to keep us in the cellarbox, or use UBQU for a pump and dump before we are moved to expert.
simple, because nobid for 2 months is more an action of the S&P AND the owners of this stock than the ceo.
CDEL VIRT GTSM And CTSI own this float. this is a zombie stock. perhaps they want it to go to expert. if they did I am sure they'd try to investigate ballas. that's why I think he isn't the criminal the folks on this board claim he is. stock is too small, cayman island accounts belong to one kenneth Griffin not James Ballas.
also zombies in pink are quite useful to hedge funds. say they legalize MJ which looks more and more possible each day. wonderful collateral pump.
why is this stock not shut down yet? well they never "shut down" these OTC stocks they just move them to expert markets where there is no price discovery at all and no chance for retailers to get out until the hedge funds want to move them up, like blockbuster, toys r us and sears on rare occasions. cineworld group will be joining them too soon.
but they can't move it to expert probably because 1. they got nothing on Ballas and 2. they kept current by filing.
I'm not even sure defaulting on the convertible bonds at this point would necessarily move us to expert. that's up to the folks who control this float. in, my opinion , wall street.
they can't move it to expert yet, but they can definitely use it for a pump engine later.
plenty of pennies not moving or heading toward nobid for the last two months. nothing special about UBQU in that matter.
bill hwang will do time in jail before James ballas does.
I don't agree with the Ballas has offshore cayman accounts argument.
also that Ballas is some master criminal. I've been in UBQU since 2017 and Ballas wasn't being considered anything but a dufus then.
also the argument that as new tickers enter the Ballasphere, this implies everybody who was in those other tickers are now colluding with some master criminal. seems like a lot of collaborators for a stock that has been in trips for 4 years.
If he did have cayman offshore accounts, and it was due to criminal activity, I am pretty sure the SEC and the OTC would have investigated and shut down UBQU by now., but if he did, it would make more sense to pay UBQU's debt and benefit more
lastly, these arguments abotu master stock manipulators having offshore cayman accounts. it's proven there's a guy who does! that's kenny. I sense....projection.
one last thing. remember that every time we are close to filing, the same folks bashing on UBQU now say we'll never file on time and get to expert. we did file on time.
the bashers arguments are clever and look detailed, but they make very little sense to me
we all want the PPS to go up.
I watch the general markets and the S&P, and the fortunes (or misfortunes) of those who truly control UBQU and other zombie stocks, especially in the continuing emerging ballasphere.
and so far when wall street hurts a bit, our fortunes down here tend to go up, when the S&P is manipulated downward, we take a hit. hasn't changed since.