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Thanks Scratch, the waiting game continues :).
Scratchgolf, if you were to guess, where do you think the majority of the 31 billion shares sit (Ballas, the Benz's)? Doesn't seem possible that they are distributed amongst the retail public.
There are no reported 5% + owners in UBQU's disclosures, so it seems feasible that Ballas could dramatically reduce the OS, without impacting anyone.
Thoughts?
It's pretty apparent that the billions of shares that were issued to the loan lenders, never really went towards reducing debt. This said, where are these billions of shares? I doubt that us shareholders have them.
Ballas should be able to reduce the OS without too much ttouble, as I think he (or his friends) are in control of them.
James, how much longer are we going to have to wait for the "good things" that come to those that wait?
Also, when you answer that question, how about letting us know how you went about removing the $700k in debt from the books, when the company had no cash or revenues. We know from years of experience (financial disclosures), that stock issuances for loans, never actually reduced the debt owed (at least that's the way you treated them in the past).
Let's see a tweet responding to these Q's...things that really matter.
Where did the funds come from to pay down the $700k in q2? The company had no cash and no revenue to pay this down.
If he comes back and says that it is tied to the recent 2.7B in share issuance, it would fly in the face of what they've been doing for the past several years.
They always reported share issuances for debt, but the debt never went away...so why start now.
Look at Ballas's other company IMTL, he pumped the heck out of the company with PR after PR. Now that the AS has been maxed out, the news has dried up, and he's moved back to UBQU.
Explain that one Jimmy.
That is an excellent summary Joe, and makes total sense (thank you). Smether's saw the same opportunity to cash in, and did the same thing with XR Energy (XREG), taking over as CEO just to sell shares.
You wonder how much of this Lamb is aware of (or part of). The information that you've previously posted about him and his past business dealings sure makes you think he is, or he is just a terrible business man.
Your post should be added to the UBQU "X" account for others to see. The good thing, is that all of the past disclosures and PRs are all listed on the OTC for anyone to review and decide for themselves.
Per recent disclosure, A2G (Alex Benz) provided UBQU with $778,900 in loans dating back to December 2020, with the latest loan being provided April of 2023.
James has issued 11,696,301,000 shares to A2G from March 2022 through January 2024 for debt conversion.
With this many shares issued (for debt conversion), how can any monies be owed to A2G?????
Also, notice that this recent disclosure has no record of loans or share issuance associated with GPL. How does that happen, when past disclosures show loans and share issuance in the same period as A2G???
I don't trust any financial info being reported by Ballas and Smethers.
So the 2.7 billion shares went to Alex Benz. No new loans recorded, so why isn't all debt relieved?
4 tweets today promoting transparency for shareholders. A true step towards transparency, would be disclosing the details of the IO acquisition, and why the OS increased by over 2 billion shares.
I'm beginning to think that DeafTrader2 and Stay Humble are the same person.
Totally agree Campe. I bet Ballas thought this was going to give him another opportunity to dump shares...too bad.
Jimmy & Kevin, why can't you provide us shareholders with the details of the acquisition? We all know UBQU had no cash.
Please don't make us wait until your creative accountant (Smethers) posts the Q2 disclosures.
How about it, it just takes a simple tweet.
Based on volume today, it appears the OTC live meeting with Kevin had little to no impact on the share buying public.
I listened to the first 35 minutes of the call, but had to drop. Never heatd a question regarding share structure or details of the acquisition, which is what I was hoping he'd cover.
Lots of speculation on how future sales were going to grow (we heard the same for HempLife...remember $50 million in 5 years).
A lot of softball questions with long answers (Kevin can talk).
I guess we won't have any concrete news until the Q2 financials are released.....the waiting continues.
Joe, yes, Frank is supposedly either the CEO or President of the IMTL subsiderary, which is a new one for his list (the guy does everything :)):
Founder/CEO at Review Control™ Reputation Management
Aug 2017 - Current
Owner/Partner at SMT Sales Group
Jun 2013 -
Chief Marketing Officer at CannazALL™ Wellness CBD
Jan 2022 -
President-Creative Director at MediaPlex Of Tampa Bay
Aug 1998 -
Executive Producer-President at Premier Productions of Tampa Bay
May 1992 -
Th address of MediaPlex doesn't match the address you posted, so it must be a newly acquired property to go along with all their others.
I also noticed that they no longer have an Investor Relations person, so Priya has now left there as well.
They still have the same creative accountant (Smethers).
Same ol song and dance.
Like Blu pointed out yesterday, it looks as though Ballas maxed out the AS for IMTL this week, and with GDET already being dead, UBQU is all he has left.
Still waiting for the "great things come to those that wait", as I've been waiting many years.
Maybe Ballas could provide the details / terms of the acquisition? This might shed light on why the ask keeps building, especially after every tweet. It just seems as though he will continue to milk this one until the cow is dry, never giving the SP a chance to run.
475k shares traded so far today ( about $4.75).
Time for a nrew PR ortweet :).
Sure would be nice to see proof of the stated revenue. Unfortunately, as Scratch pointed out, we probably won't see anything until Q2 financials come out in June.
The waiting game continues.
Couple questions from today's PR:
What are UBQUs other subsideraries (none are listed as revenue generators on disclosure docs)?
Who else is on the current management team (James is the only one that I am aware of)?
Excellent post Scratch, let's see Ballas respond to this in an IM!
DealTrader2, Kid is definitely not Ballas. He's been with us on this board for years.
Once again, so simple for Ballas to clear all of this up. He just needs to put out a meaningful PR, explaining the details of the IO acquisition, the current state of UBQUs other business units, and what role he is now playing.
He told us "good things come to those that wait". Well, I've been waiting for over 6 years now, so, how much longer is it going to be?
James or Kevin, please provide the details of the acquisitiom. UBQU had no funds available to purchase IO, so it had to be something other than cash (maybe one of James's condos ??).
Your shareholders would love to know.
Curious if anyone on the board has recently ordered & received CannazALL products? Just wondering if money is still being generated for our joint venture partner :)
Wasn't there a rmtweet stating that there would not be a RS (not that he would honor that statement)?
Where are all of the shares that were issued to A2G and GPL over the past few years? These account for over 16 billion shares just over 2021 and 2022. It hardly seems possible that retail shareholders have purchased this many shares on the open market.
James needs to come out and say that GPL and A2G have been more than compensated for their loans, and that all debt and shares issued to them have been abolished. That would make this ticker take off!
The last post stating that IO sales are going to take off now that the deal is done.....HOW?????...what is UBQU gong to do for IO?
Good point DeafTrader, it sure seems there were would be legal filings associated with this deal, which should be available to the public.
Terms of the deal would be great to know.
He keeps pumping the $5M / year in revenue. Well, CannazALL used to do $4M / year (supposedly), and look where that got us.
James is thinking: "Only had $2k in trades today, what's my next move, as this news didn't work".
Its obvious by the lack of volume, that we all have the same questions and concerns. How does a deal like this for a publicly traded company take place without disclosing the details?
Are there new debts and stock issuances to pile on top of what we already have?
It would be nice to know the terms of the acquisition
CannaZall is mentioned 1 time in this Annual Report, where as last year it was 13 times.
What a joke, how does he get away with this? This report is for al 2023, not 2024, and CannaZall was our only revenue driver.
Thanks Jimmy!
31,796,237,137 OS.
All of the volume since the initial announcement regarding IO, has been Ballas and friends diluting more shares. The OS was at 29B for months, and we all hoped that he had finally turned off the machine. Unfortunate for, this isn't the case.
Maybe he can explain (in one his tweets) why the share price hasn't made it above .0001 with all the news he's been pumping out. His answer should be straightforward and simple...he just wants to sell shares.
Thanks Jimmy, we appreciate how you have our back!
Selling on the news is Jimmy's plan (has been for years).
Tweet, tweet, tweet....dump, dump, dump
If you look back through the UBQU PRs over the years, you will see that we were always engaging a third party to assist with marketing initiatives like SEO improvements and advertising.
If we have those skill sets in house, why were we paying others to do them? This just tells me we do not have these capabilities in house, otherwise we wouldn't have had the expenses associated with them.
Also, if UBQU did in fact have these skill sets, I would think we would have seen revenues tied to them.
Again, what can UBQU really provide IO?
As Scratchgolf always says, the share price is the real judge, and as we can see, all these tweets have done nothing to help.
Too bad the share price is still in the station.
James, can you please tweet out information on UBQUs BCM subsiderary. We haven't seen anything (revenue related) in the disclosures for this business unit, over the past several years.
I am assuming IO wants to partner up with UBQU because of BCMs scapabilities. True or False?
Same ol story...look at IMTL, he pumped several tweets and PRs out regarding the merger with Frank's company, which generated a ton of stock movement (not share price). Since then, it has been lights out over there...not a word since the beginning of Nov.
Very true GKC, UBQU already has debt and interest that continues to grow with each financial disclosure.
Maybe a tweet outlining where the funds to complete the planned acquisution, would help us shareholders.