Ubiquity Inc. (fka UBIQ)

[protagonist12]

From the UBIQ 10Q filed today:

"As of May 6, 2014, there were 98,128,654 shares of common stock, $0.001 par value issued and outstanding."

http://ih.advfn.com/p.php?pid=nmona&article=62223499&symbol=UBIQD

So let's get this straight at today's closing price of $8.19 that puts the market cap at $800M for this company with no real products operating out of an empty warehouse in Irvine, CA? Yeah okay that makes sense.

This is a Carrillo Huettel shell and the people running it have a rap sheet a mile long. There is shareholder lawsuit in the works and the one-year restricted shares will begin hitting the market in July. You have to hand it to these guys for their boldness in wash trading this up though- never seen a stock have 60 consecutive green days before this.