Ubiquitech Software Corp (UBQU)

[ChampionOfTheSun]

Further details for comfort.

11/30/16 -
Debt - $901,516
Shares - 185,308,000

8/31/16 -
Debt - $549,136
Shares - 547,688,000

Change
- Debt decrease $352,380
- Shares increase 362,380,000


The additional 10M shares to make that math fit were issued earlier in the year. These are being amortized as "management contract" at $25,000 a quarter. A non-cash expense
- my guess is these are being earned over 3 years, because 12 quarters of expense would add up to $300K and I think our shares were trading around 3 cents when these were issued in Q1. Then again, may have also been at 1 cent sometime in that range, which would mean they are earned over 1 year.