Deregistration Most Likely Outcome
In cases where a stock gets suspended and moves into the grey market the most frequent result is the SEC revoking its registration. There are virtually no cases where a stock has returned to a traded market.
In the case of UBIQ, even a cursory review of its history and what few financial filings there are lead you to conclude that this is its most likely outcome too.
Keep in mind...
- Despite tens of millions of dollars raised, that all went to the Carmichaels, there were never any revenues.
- After all these years, and all the promises, if the IP had commercial value something would have happened. It has no value.
- There is no cash left in the company and there are multi million dollar legal judgements and millions of dollars of defaulted debt to pay
- It will take between $350,000 to $500,000 that must be paid in advance to get an auditor to even due the work to file financial statements. Where will this money come from?
Do not be confused that the hearing before an administrative judge was rescheduled as indicating there is a glimmer of hope. Rescheduling happens all the time.
