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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
Scratch, can this be stickied, so we have easy reference to it?
Frank is tied to MediaPlex / Outreach Media, the company that created the new website.
Funny how these management changes / updates are not communicated, going back to Luke Dryer and Tim Zorn. Would be nice to see who is running what, and who is no longer around (i.e. Michael Baker).
Can posts still be "stickied" on this board? If so, could someone that has the ability to do so, stickie the response someone (sorry, can't remember who) received from James, blasting us for not understanding all the hard work he was doing, and hoped we would all be able to buy yachts someday?
Thanks
Appreciate the updates GK, glad you are getting and sharing responses. Also good to hear they might be monitoring this board. Keep up the great work!
Hi Bluchip, I am able to access the new site with my S9.
Looks Great!
Where is Preya or James with a website update on Twitter???
Time for a website update, the 30 days longer anouncement James made is up.
Thank you Kid, we are almost there. Let's hope he comes through this time.
Can someone remind me what date James announced that the website would be completed in 30 days versus the 90 that Preya posted? Just wondering where we are on that count down clock. Thanks
The shortened window for the website launch that James announced ( after Preya said we had 90 more days) is getting real close. Let's see if it happens, or if we incur another delay.
Scratch, this is good news as this is the first time that they did not go into a delinquent status (James was on it this year!).
Here was the press release announcing Preya.
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Corporation-Announces-New-Investor-Relations-Representative?id=331437
info@preya.co
Where is Preya?
That's the amazing thing Joe, how could they have been selling $1 million per quarter in the previous years, when the supply room he showed, was an "expansion" of what they had before. Its magic!
Good to hear from you Cherylhop, it's been awhile. Glad you are still here with us!
Joe, you brought up some very interesting points in your post (below) Sure would be nice for Ja.es to address these. The timing of the new media company, and the shifting of rolls...Mike Baker no longer associated with CannaZall. Frank the new CMO...where's the announcement regarding this new roll? Come on James, let us know what is going
Joe Burmeister
Monday, May 02, 2022 1:57:52 PM
Re: radly post# 70522
Post#
70525
of 70542
But it is another revenue stream to line Ballas pockets using shareholders money. Think about it… he didn’t just contract Frank Casella to do the website. Ballas, using UBQU shares, brought Frank’s company, Quick Reach Media, and rebranded it as MediaPlex, making Frank CMO of Cannazall (chief marketing officer). So frank does the marketing for Cannazall using the new website he created via MediaPlex. But MediaPlex is not a UBQU subsidiary but Frank is CMO for Cannazall…tell me there is no conflict of interest there?
Just like Blue Crush Marketing, which is a subsidiary of UBQU but NEVER reports any income but you can bet that Ballas was using shareholders money to finance Blue Crush Marketing but just deliberately not reporting any revenue on UBQU books.
Now he pockets all income derived from MediaPlex and doesn’t have to report it as income in UBQU books even though MediaPlex was purchased using UBQU shares and its operations are financed via UBQU shareholders.
This is why you will never see UBQU be profitable. Ballas uses UBQU as his piggy bank to line his pockets and not the shareholders.
Quote:
Currently, James Andrew Ballas is Chairman & Chief Executive Officer at GD Entertainment & Technology, Inc. and President, Chief Executive Officer, CFO & Director at Ubiquitech Software Corp., Chief Executive Officer of Blue Crush Marketing Group LLC (a subsidiary of Ubiquitech Software Corp.).
No mention of Cannazall as a subsidiary of UBQU…..why? Because he treats Cannazall as his private cash cow.
https://www.wsj.com/market-data/quotes/UBQU/company-people/executive-profile/125554217
Pretty quiet today...no tweet with the new website "sneak peek" yet???
If it is regulatory requirements they are working to address, the website itself should be completely developed and tested at this point. the sneak peek should show the entire site.
So as they work to satisfy these last reqs over the next 90 days, why not do whatever is necessary to complete the name and symbol change now? Otherwise we are going to see the same messaging all over again (hired a law firm to complete the forms necessary to complete a name and symbol change....submitted the appropriate documentation to FINRA....just waiting for approval....we'll keep shareholders informed as we get closer....it's almost here...).
One more thing, where is the disclosure identifying the lender that the debt agreement was reached with (announced in November)? I sure don't understand why this information has been provided (or did it not really happen?)
Beyond frustration.
New Tweet "The Company wants shareholders to be aware that it could be up to 90 days to the launch of the new and improved CannazALLâ„¢ website. We are working to make the Company the premiere brand in our industry. Sit tight".
Unbelievable! MediaPlex should be paying UBQU for failure to deliver. This is Cryptobuy all over again!
We are now looking at August 1 before the site is live (6 months late). So what about all the other great things that were going to happen this year? Why can't they move ahead with those? James?????
The new website is beginning to feel like Cryptobuy all over again. It's coming, it's almost ready, and then poof, it's gone!
The fact that they said they will keep shareholders informed as they get closer, probably means they just added another month before another update is provided.
Great question on the 12B share ownership.
Still no confirmation on which lender the debt agreement was reached with...don't understand why they haven't provided the details for that November announcement.
Took a look at MediaPlex of Tampa Bay (CannazALL's new website developer), it shows 3 related employees:
Michael Baker: Business Development at Quick Reach Media
Frank Casella: Chief Marketing Officer at CannazALLâ„¢ Wellness CBD
Matthew Gorski: Website Design & Development at Quick Reach Media Inc
I didn't know Frank was the CMO at CannazALL (thought he was MediaPlex)
Also, wonder if this our Mike Baker (ambassador program)?
James, where is the update on the website (now 2 months late)?
Ubiquitech Software Corporation Announces New State-Of-The-Art Website and Over 40 New CBD Products for Cannazall.com
Press Release | 01/06/2022
DENVER, CO / ACCESSWIRE / January 6, 2022 / Ubiquitech Software Corp. (OTC PINK:UBQU), through its operating subsidiary CannazALLâ„¢ is pleased to announce there will be a new website for the CannazALLâ„¢ CBD brand in February. In addition, there will be over 40 popular new CBD products added to the CannazALLâ„¢ line.
The Company is contracted with MediaPlex of Tampa Bay to create the new state-of-the-art CannazALLâ„¢ website and the Company expects the new site to be live in February 2022.
Yep Radly, I've been here for over 4 years now.
I just don't understand why it has to be this way.
They have great products, so if they followed through on half the things they said they were going to, this could be a great company.
Question for Preya:
Why have they never formally announced who the debt agreement was with?
Maybe the consulting fee is for the website development, which if the case, UBQU should be demanding a refund! What are they now, 3 plus months late?
As James stated in his December video, the new year was going to be full of great things (above and beyond the November list of improvements). Well, here we are over 4 and a half months in to the year, and we are no where.
What's the excuse this time???
James, we are still waiting:
ACCESSWIRE / November 15, 2021
? New Website
? New products
? New Third party testing
? Call center
? 24-hour Customer support
? Free sample promotions
? Direct mail
? New email platforms
? Advertising and marketing
? SEO
? Content Articles
? International sales
? New product packaging
? Website traffic retargeting
? New proprietary product blends
? Expansion of Ambassador and Affiliate programs
? Partnerships
? Company Name and
The "attorney letter with respect to current information" has been published:
https://www.otcmarkets.com/otcapi/company/financial-report/327670/content
Thanks for calling that out Scratch, good to see some positive information! Let's hope this the start of a trend toward OS reduction.
Watching this video again, James states that additional items they plan to accomplish in 2022 would be announced in January. I do not recall anything new being announced in Jan....did I miss it?
We need the new website and products.
Thanks Joe.
Has anyone been able to identify which note holder the November press release referenced, and whether the retirement is taking place (stated over a 12 month period, which we are 4 months into)?
November 23, 2021 Ubiquitech Software Corp. Reaches Debt Settlement Agreement
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Corp-Reaches-Debt-Settlement-Agreement?id=332395
Debt reporting discrepancy
According to Quarterly Report (Q3)
Common Sense Holdings:
Date of issuance: 12/18
Outstanding debt: $124,958
Principle amount of issuance: $250,000
Interest accrued: $0
Maturity date: 12/19
According to Annual Report:
Common Sense Holdings:
Date of issuance: 8/14
Outstanding debt: $124,958
Principle amount of issuance: $515,000 (increase of $265K with no change in issuance date)
Interest accrued: $130,302 (first time this has been reported).
Maturity date: 8/18
How does the debt issuance date change 2018 to 2014? How does the issuance amount change from $250k to $515k?
Maybe Allan Smethers (UBQU accountant / CEO of XR Energy) needs to go back to school.
GPL Venture Debt:
Annual Report: $780,000, making them the largest debt holder.
Why wasn't this retired per the November 23, 2021 press release??
https://www.otcmarkets.com/stock/UBQU/news/Ubiquitech-Software-Corp-Reaches-Debt-Settlement-Agreement?id=332395
Finally, why isn't the A2G LLC debt not wiped off the books with the 10/21/21 issuance of 1.950B shares for debt conversion?