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I received the exact same response from IR.
Based on this, the $780K long term debt owed to GPL should be gone, leaving them at $900+k plus anything new acquired since the end of the last quarterly report. Back to 2020 debt level.
Good question, as we all assumed that the 16B shares held by GPL were already pushed into the market. Also, what does this mean for the $780k debt owed to GPL per the latest quarterly report?
DENVER, CO / ACCESSWIRE / November 23, 2021 / Ubiquitech Software Corp. (OTC PINK:UBQU), through its operating subsidiary CannazALL™ (www.CannazALL.com) is announcing today that it has negotiated an agreement with its largest noteholder to retire all outstanding convertible debentures currently held by them.
https://storage.googleapis.com/accesswire/media/674200/cannazALLLogoWebsiteHeader.png
Under the terms of the agreement, the noteholder will not convert any of the outstanding notes into shares of common stock of the Company. These notes will be retired in various increments over the course of the next twelve months.
CEO James Ballas said "This represents a large step forward for the Company. We expect to continue moving the Company forward from both a capital structure standpoint, and equally as important, continuing to re-ignite the growth of the business by executing our plans for 2022 and beyond"
We encourage shareholders to visit our official Twitter account for more updates:
www.twitter.com/CorporateUbqu
Check 1 off the list:
DENVER, CO / 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 symbol change
? Investor relations
Another tweet:
"Hopefully OTC current this week, and again, updates and news to follow!"
https://twitter.com/CorporateUbqu/with_replies
Another twee this morning....exciting times are coming.
https://twitter.com/CorporateUbqu
Thanks Scratch.
Has anyone on the board had any communication with our new IR contact?
Thank you for the information Joe.
Perhaps they could get the GPL outstanding debt removed, which would just about clear out their current liabilities.
That would be a win for us.
Looking at the financials:
GPL Ventures loaned UBQU $900k, $780k of which is still outstanding.
GPL (Alex Dillon) has been issued 15.9B shares for debt conversion.
Looking at G*ETs quarterly report, GPL Ventures has loaned them $2.2M, all of which is still outstanding.
GPL (Alex Dillon) has been issued 2.5B shares for debt conversion.
With Dillon & GPL Ventures being under investigation, what are the chances that the outstanding loans are expunged, and the shares are recouped? What a difference that would make for both companies.
No, this was on an OTC disclosure for another company, where Allan (LKS & Associates) was listed as the accounting firm.
GPL was one of the lenders that XREG used....they are all friends.
https://www.sec.gov/litigation/litreleases/2021/lr25169.htm
Name: Allan Smethers
Firm: LKS & Associates
Address 1: 20562 Jupiter AVE
Address 2: Lakeville, MN 55044
Phone: 612-360-1488
Email: LKSandassociatesllc@gmail.com
Thank you for the information JD, that is good to know.
I think a lot of people here have their eyes on UBQUs OTC page.
Good to see you back Blu!
A simple statement from an attorney stating that they have (or are in the process) of submitting documents, is all it would take.
Does he still have a legal service?
Does he still have an accounting service? Is LKS still in business, or did Smethers retire after he screwed his XREG shareholders?
Time will tell.
If I recall correctly, Smokey had posted that they were shipping from a post office in Oldsmar.
Thank you Glenngie, good to hear!
Has anyone ordered and received delivery of their products over the past few days? Just wondering if they are back online after their covid issues.
Same goes for me Kid...been here too long, to not see it through (good or bad).
1.7B on the BID @.0002
400M+ on the ASK @ .0003
Hi Scratch, any chance in getting you to reach out to James again, as you seem to be the only one he'll respond to?
Posting a letter of intent to go current by their attorney shouldn't take much effort to complete, and would go a long way in providing shareholders with some much needed information.
Interesting that this amendment was filed by JB himself, where all of the previous AS increases were filed by attorney Owen Naccarato. Guess he is saving money!
Also, the 7138 Trysail Circle Tampa address is new (he's all over the place).
Thanks Bluchip, glad to see you are still here!
Good morning all. What's happened to Bluchip? Not a word from him so far this month.
My free gummies arrived today. Great packaging, letter, and coupons for discounted future purchases. Nicely done!
Thank you Scratch, good to hear that JB communicated with you!
Let's go UBQU!
Looking forward to it Scratch...good news on top of a short work...bonus!
I don't take Scratch's reference to the Transfer Agent has any correlation to the financials. In the past, the financials have been provided by LKS & Associates (Allan Smethers).
If you take a look at XREG on OTC Markets, you'll see that he (Allan) was able to post several financial documents within a couple days bringing them current back in 2019.
Great post Scratch!
I'm with ya Colforbin83, feel the same way as you, and in the same boat "letting it ride".
Many (including myself) have been here for multiple years, and have been through a lot of ups and downs with respect to the outlook for the Company.
I had multiple email conversations with James in the past, each of which, he proclaimed that they were implementing necessary changes to improve the company, and that news would be forthcoming. He stopped responding in Jan. of 2019, but as we've seen over the past year+, many great improvements have been implemented for H:T/Cannazall.
As many have stated, I echo the fact that we have a great group of people on this board. Some members we hear from on a daily basis, and others once in awhile. Regardless of the frequency or content, I have to say I look forward to reading your posts.
I for one, have no plans to change my position in UBQU. I've been been here too long not to see how things play out.
GL to all of us & go UBQU!
Thanks Scratch, I'm with you. Tried to get some 4's, but couldn't, so I just picked up some 5's.
The much improved website looks great, the products are great, and the overall operations seem to be running really smooth.
Let's hope for some good news in the near future.
Have a great Memorial Day weekend!
Go UBQU!
This is interesting, as Luke left UBQU and his position of CCOO in 2019 to pursue his own CBD business, Trifecta. Looking at his LinkedIN profile, he is the CEO of Prospect Portals (as pointed out), with previous position of CEO for Blue Crush Marketing (2010 - present). Strange that he has nothing listed for UBQU, Hemplife Today, or Trifecta. Hopefully he and Jim are back together again.
Allan Smethers is/was UBQUs accountant via LKS & Associates. Allan then took over as CEO of XREG, spent weeks bringing the company current, and then increased the OS. A ton of shares were dumped, and the company went silent (no new filings or financials).
Doesn't appear that there is much of a business there.
Agreed, welcome FluidMan.
Can't get the links to work, but they are on the Colorado SOS Business search site:
3 Articles of Amendment 01/11/2019 01/11/2019 01/11/2019 12:16 PM 20191031635
44 Articles of Amendment 06/04/2019 06/04/2019 06/04/2019 12:37 PM 20191469837
https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20071017054&entityId2=20071017054&fileId=&srchTyp=ENTITY
No, this was prior to the first 10B share increase. I don't believe there was ever a disclosure identifying subsequent lenders.