Ubiquity Inc. (fka UBIQ)

[RealWorld1]

If Allegations Are True UBIQ is Toast

But at this point that's all they are. Having read the complaint the positive is that given the nature and specificity they will be easy to determine during discovery. Also, as much of this occurred prior to the reverse merger it could result in management having to disclose a lot of information from when they were private. This will help explain where their money came from and how they burned through it.

Again, until the process makes progress these are only allegations at this point.

It will be interesting to see how the company addresses this in their next 10-Q.