Ubiquity Inc. (fka UBIQ)

[RealWorld1]

UBIQ Problems exposed.

Their issue is not just that they aren't compliant it is the content of the filings.

Including:
- They have now written the IP down to be worthless. So much for their vaunted patents.
- The still have no revenues after all these years.
- They owe people a ton of money and have no way to pay it.
- The lawsuits continue to mount.
- They're plan to restructure is based on getting new investors to pay off the debt - for a business that has no business. How does that work?
- There are materially contradictions in the most recently filed 10-Q, they aren't audited.
- It will be interesting to see if they can get an audited statement out. Ha ha.

Good luck, but this is a dead duck and the Carmichael's have no one to blame but themselves.